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Manager- India Bank Guarantees

Employer
MUFG Global Service
Location
Bangalore Bengaluru Karnataka, Karnataka, India
Salary
Competitive Salary
Closing date
Jan 3, 2025
View more categoriesView less categories
Job Role
Manager
Sector
Finance
Contract Type
Permanent
Hours
Full Time
AboutUs
MUFG Bank, Ltd. is Japans premier bank, with a global network spanning in more than 40 markets. Outsideof Japan, the bank offers an extensive scope of commercial and investment banking products and servicesto businesses, governments, and individuals worldwide. MUFG Banks parent, Mitsubishi UFJ FinancialGroup, Inc. (MUFG) is one of the worlds leading financial groups. Headquartered in Tokyo and with over360 years of history, the Group has about 120,000 employees and offers services including commercialbanking, trust banking, securities,credit cards,consumerfinance, assetmanagement, andleasing.

The Group aims to be the worlds most trusted financial group through close collaboration among ouroperating companies and flexibly respond to all the financial needs of our customers, serving society, andfostering shared and sustainable growth for a better world. MUFGs shares trade on the Tokyo, Nagoya, andNewYorkstockexchanges.

Formoreinformation,visithttps://www.mufg.jp/english
MUFGGlobalService PrivateLimited
Establishedin2020,MUFGGlobalServicePrivate Limited(MGS)is100%subsidiaryofMUFGhaving officesin Bengaluru and Mumbai. MGS India has been set up as a Global Capability Centre / Centre of Excellencetoprovidesupportservices acrossvariousfunctionssuchasIT,KYC/AML,Credit,Operationsetc.toMUFGBank offices globally. MGS India has plans to significantly ramp-up its growth over the next 18-24 monthswhile servicingMUFGsglobal network acrossAmericas,EMEA and AsiaPacific
AbouttheRole
PositionTitle:Manager

CorporateTitle:Manager

Reportingto: Vice President / Assistant Vice President

Location:Bengaluru
Job ProfilePurpose ofRole
Responsible for smooth processing of issuance, amendment, and cancellation of Bank guarantee.Responsible for in depth Bank Guarantee text vetting. To track and handle Invocation Claims.PreparedMISandinputsonregulatoryreports ofBankGuaranteeoperations.
Main

Responsibilities:

Process
  • Demonstrate and achieve high level of accuracy and proficiency in handling customer transactionsand co-ordinate with Branches to ensure timely settlement of BG vetting , Issuance , amendment,and Cancellationrequests
  • Monitor any new regulations or changes from regulator and HO which impact to banks Guaranteeoperation andensurebank complywiththoseregulation
  • Support DHtoensure implementationofPolicies andIUP
  • Support Core Banking project for system UAT and Report development and enhancement to meetregulatoryrequirementandefficiency of operations
  • SupportlaunchingofNewProduct arrangementbyconductingUAT.
Customer:
  • Developandmaintain strongstakeholdermanagementwithkeystakeholderswithinMUFG.
  • Supportandresolve customerenquiriesandprovideexcellent customerservice.
  • Work in partnership with Compliance to understand relevant operational guidelines, MUFGsstandardproceduresandlocalregulationsandassesstheimpactonthedaily operationsworkflow.
  • Work in partnership with the wider operations team for information sharing and to ensure thattransactions areprocessed accuratelyandin atimelymanner.
  • TosupportdevelopmentalprojectsrelatingtotheDepartment.
People:
  • Goodinteamwork.
  • LiaisonwithBusinessteamfortimely &qualitydeliverablesof assistance/services.
Other/Control
  • Perform the checking process on operational issues, escalated by the less experienced members oftheteam.
  • Performthereconciliationofanydailypendingtransactions
  • Support the Head of Department in determining the level of support on new MUFG product offeringsbycarryingoutreviewsonresourcingissues, internalpolicies,workarounds,andsystemcapabilities.
  • Support the Head of Department in achieving the departments KPIs, set by the BranchManagement.
  • Support inmanagingtheriskprofile forthedepartment.
  • Supportinternalandexternalaudits withinthedepartmentbypreparingdocumentationasrequired
  • Maintaingoodworking knowledgeofindustry trends,products,relevant laws,andregulations
  • Adheretoallcompanypolicies aswellasguidelines
CandidateProfile
  • Minimum5to7years ofrelevantexperienceandsound knowledgeoftheBGoperation
  • Strong PCskills (MSOffice)
  • Goodinterpersonalskills todealcourteouslyandeffectivelywithothers.
  • Goodunderstandingofbasicbanking products.
  • Understanding oflocalrelevant regulations.
  • RegulatoryCertificationwouldbepreferred.
  • Goodinterpersonalskills todealcourteouslyandeffectivelywithothers.
  • Attentiontodetails.
  • Graduateand/orPostgraduate

EqualOpportunityEmployer

TheMUFGGroup iscommittedtoprovidingequalemploymentopportunitiestoallapplicantsandemployeesand does not discriminate on the basis of race, colour, national origin, physical appearance, religion, genderexpression,gender identity,sex,age,ancestry,marital status,disability,medical condition,sexualorientation,genetic information, or any other protected status of an individual or that individual's associates or relatives,oranyotherclassification protectedbytheapplicable laws.

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