Senior Process Associate
Tata consultancy Services Ltd
Bangalore , India
10 2022 - Current
- Handled import collection of documents and processed payments using MT Swift messages like MT 103 and 202.
- Scrutinized trade documents, including invoice, bills of exchange, covering schedule, customer letter and transport document, based on collection instructions.
- Every detail on the invoice is checked for correctness:
- Names and addresses of the seller/Drawer (beneficiary) and buyer/drawee (applicant).
- Checking the invoice amount and currency with the covering schedule, application or DA and reporting value is correctly matches with the specific requirements or not.
- Ensuring a clear, concise, and accurate description that matches other documents and any specific requirements.
- Ensuring the correct Incoterms are stated and consistent with other documents, as they define responsibilities and costs.
- performing embargo complaince for the said parties involved in the transacton they are like drawer drawee, bene bank and other third party details.
- Handled Transaction Monitoring related transaction:
- monitoring of trade finance transactions like, identify any suspicious activities, potential fraud, or breaches of regulatory requirements.
- Red flags under payment flows like tracking the movement of funds to identify unusual patterns or high-risk jurisdictions.
- Checking the importer, exporter, and any other third party involvement under the transaction to identify there role. If the requirement are not matched will escalate to branch to get a deviation or confirmation from the the client side.
- Ensured timely closure of tasks within prescribed turnaround time (TAT).
- Monitored and controlled high-volume transactions on daily basis.
- Worked as a controller/checker for import direct bills (open account), advance payments, and collection bills (maturity bill payments).
- Performing FIU related checkpoints under checklist to close the transaction on daily basis.