Management of Export Bills Discount including export LC Forfeiting, and Open Account transaction
What would be your typical day at BNPP Paribas look like?
Primary Role Responsibilities
Receive client applications and verify the credit facility limit or obtain bank line approval through the ECB system.
Coordinate with the off shoring team in Mumbai (GTFO) for document verification, vigilance checks, transaction booking, and payment processing.
Liaise with the local compliance team, providing the information needed to obtain approvals for any hits identified by filtering or screening tools.
Communicate with clients to request revisions when discrepancies are found in LC documents.
Issue credit advice and submit settlement requests for receivable and payable amounts.
Prepare and submit local regulatory reports. Serve as backup for the Supply Chain Financing program.
Other contributions
Ensure compliance with all internal and external regulatory and compliance requirements.
Adhere to Group policies related to financial security and perform the associated operational controls.
Comply with BNP Paribas IT security policies.
What is required for you to succeed?
Basic knowledge of international trade rules and practices, including UCP 600, URDG 758, ISP 98, ISP, Incoterms, and URR 725.
At least five years of experience in trade operations.
About BNP PARIBAS
As the leading European Union bank, and one of the world’s largest financial institutions with an uninterrupted presence in the region since 1860, BNP Paribas offers a wide range of financial services for corporate, institutional and private investors spanning corporate and institutional banking, wealth management, asset management and insurance.
We passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued and encourage applicants of all backgrounds, including diversity of origin, age, gender, sexual orientation, gender identity, religion applicants who may be living with a disability. We have a number of internal employee networks in place to empower our staff to act and challenge the status quo.
• BNP Paribas PRIDE is highly active in favour of the LGBTQIA+ community
• BNP Paribas MixCity which fosters better representation of women at all levels of the organization
• Ability, the mutual aid network for employees with a disability or a disabling or chronic illness
• BNP Paribas CulturAll which celebrates diverse backgrounds
BNP is committed to financing a carbon-neutral economy by 2050. The Group is a founding member of the Net-Zero Banking Alliance and has set up its own Low Carbon Transition Group to support its clients through their energy transitions.
