Transaction Processing
Initiate and verify outward & inward remittances for trade transactions (imports, exports, advances, bill settlements).
Process transactions using SWIFT messages, Nostro/Vostro accounts, and RBI reporting systems.
Ensure proper debit/credit to client accounts and settlement with correspondent banks.
Verification & Documentation
Validate trade documents like invoices, shipping bills, import/export declarations, FEMA documents.
Ensure KYC/AML checks before processing remittances.
Cross-check exchange rates, charges, and applicable tax deductions.
Compliance & Regulatory Adherence
Adhere to RBI/FEMA guidelines, AML norms, and bank’s internal policies.
Handle reporting requirements like XOS/BEF, EDPMS, IDPMS for export/import monitoring.
Support internal & external audits.
Client & Branch Coordination
Liaise with corporate clients, branches, and trade desks to resolve queries.
Provide timely updates on remittance status and resolve discrepancies.
Exception Handling
Investigate and resolve mismatches, payment rejections, or compliance-related holds.
Escalate critical issues to supervisors to avoid delays.
Reporting & MIS
Maintain accurate records of trade remittance transactions.
Generate MIS reports for volumes, SLA adherence, and compliance monitoring.
Fixed monthly salary with allowances (location allowance, shift allowance if applicable).
Performance-linked incentives/bonus (based on accuracy, productivity, SLA adherence).
Provident Fund (PF), gratuity, and retirement benefits.
Employee concessional rates on loans (home, car, personal loan).
Group medical insurance (for employee & dependents).
Accidental and life insurance coverage.
Annual preventive health check-ups & wellness programs.
Paid annual leave, casual leave, sick leave.
Maternity/paternity leave.
Public/festival holidays as per bank policy.
Structured training on trade finance, remittance regulations, and banking systems.
Opportunities to move to senior roles like Trade Operations Manager, Trade Compliance Specialist, or Relationship Manager – Trade.
Sponsorship for trade finance certifications (e.g., CDCS, CITF).
Recognition programs for top performers.
Employee assistance programs (counselling, wellness support).
Subsidized food at office canteens, transport facility in some hubs (Mumbai).
Access to employee clubs, sports, cultural activities.
Axis Bank Limited — Company Profile Network & Presence Total Employees: ~104,400 Branches in India: 5,876 ATMs & Cash Recyclers: 13,941 Overseas Offices: 8 Rural / Semi-Urban Branches: ~47% of total branches... Read More