Job details
About Us: MUFG Bank, Ltd. is Japan’s premier bank, with a global network spanning in more than 40 markets. Outside of Japan, the bank offers an extensive scope of commercial and investment banking products and services to businesses, governments, and individuals worldwide. MUFG Bank’s parent, Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, the Group has about 120,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to be the world’s most trusted financial group through close collaboration among our operating companies and flexibly respond to all the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges. MUFG Global Service Private Limited: Established in 2020, MUFG Global Service Private Limited (MGS) is 100% subsidiary of MUFG having offices in Bengaluru and Mumbai. MGS India has been set up as a Global Capability Centre / Centre of Excellence to provide support services across various functions such as IT, KYC/ AML, Credit, Operations etc. to MUFG Bank offices globally. MGS India has plans to significantly ramp-up its growth over the next 18-24 months while servicing MUFG’s global network across Americas, EMEA and Asia Pacific Job Profile Purpose of Role : The Analyst is responsible for the accurate, error free and timely processing of letters of credit, collections (clean and documentary) and other such trade finance products as required, by application of knowledge of relevant governing rules such as UCP and URC, also adhering to HOP, procedures and controls, thereby delivering high level service to clients. Main Responsibilities : MUFG:
- Processing of all life cycle events of letters of credit (import and export - issue, advise amend, acceptance, discount, payment, checking documents)
- Processing of all life cycle events of collections (import/export, clean/documentary, remit, present, acceptance, payment).
- Processing of all life cycle events of various financing products such as; trade based loans, promissory notes discounts, invoice discounting, letter of credit discounting, supply chain finance.
- Adhere to governing rules, UCP, URC, ISP98, HOP, procedures and all relevant controls.
- Develop and improve effective working relationships with all trade stakeholders.
- To support training requirements of team members.
- Ensure processing is effected in a team spirit and avoid silo based attitudes where people should think beyond their immediate work space and consider the wider team’s pressure points thereby delivering maximum efficiency.
- Retain and promote a customer first attitude. Communicate with clients in a professional and helpful way, embracing the Japanese culture within which you work and the corporate values that underpin our behaviors and attitude to the job at hand and the business we support. Develop and improve client relationships making MUFG the preferred bank to deal with and maximize our wallet share of business. Be flexible and cohesive with the rest of the team to make solutions work and deliver high level service to our clients.
- Ensure compliance with all Bank and Regulatory requirements in order to mitigate financial and compliance risks.
- See opportunities to assist in a selfless approach. Be upbeat, approachable and be part of the drive to a motivated team
- Deliver effective solutions and make suggestions for improvements.
- Operate as product specialist providing subject matter expertise where required.
- Minimum 1-3 years’ experience working in a trade finance operations environment including checking shipping documents against UCP600, the LC itself and ISBP.
- Thorough understanding of all trade finance products, import and export LCs, collections and financing.
- Preferred for candidates to have Guarantees exposure as well.
- Knowledge of UCP600 and other relevant ICC publications
- Knowledge of money laundering controls relevant to trade finance.
- Awareness of sanction policies
- Microsoft Office products
- Understanding of formatting Swift messages
- Excellent work flow and time keeping management
- Team building skills
- Essential – Graduate / Post Graduate
- CDCS
- Excellent communication skills
- Works effectively with others to achieve team goals
- Freely contributes ideas and expresses opinions to others.
- Has an adaptable and flexible approach to work situations, willing to adjust and change to demands and circumstances.
- Enthusiastic and self-starting, demonstrates strong commitment to the organization, department and the role.
- Results driven, with a strong sense of accountability
- A proactive, motivated approach.
- The ability to operate with urgency and prioritize work accordingly
- Strong decision making skills, the ability to demonstrate sound judgement
- A structured and logical approach to work
- Strong problem solving skills
- A creative and innovative approach to work
- Excellent interpersonal skills
- The ability to manage large workloads and tight deadlines
- Excellent attention to detail and accuracy
- A calm approach, with the ability to perform well in a pressurized environment
- Strong numerical skills
- Excellent Microsoft Office skills
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