Trade finance signifies financing for trade, and it concerns both domestic and international trade transactions. A trade transaction requires a seller of goods and services as well as a buyer. Various intermediaries such as banks and financial institutions can facilitate these transactions by financing the trade.

Corporate Banking Career

The HDFC Trade Finance Program is an opportunity to start a career in Trade Operations with HDFC Bank, India’s No. 1 Private Bank. BANKEDGE will conduct an intensive pre-selection process in conjunction with HDFC Bank. This will comprise an aptitude test followed by a personal interview round. All selected candidates are issued a ‘Conditional Offer Letter’ post which they are trained on Trade Finance Operations for 45 days. Post completion of the training program, the candidate will start working in Wholesale Banking Group for Trade Finance department. The locations are PAN India- Delhi, Chandigarh, Kolkata, Mumbai, Pune, Ahmedabad, Hyderabad, Bangalore, Chennai, Kochin.

Comprehensive Coverage & Certification

The 45-day rigorous classroom training is augmented through the use of banking simulations, real-life case studies, and role play, thus preparing the candidate to handle their job responsibilities more effectively. The curriculum has been designed and taught by experienced industry professionals who have over 10 years of experience in this domain.

HDFC Bank Job Ready Model in Trade Finance

The training progress will be closely monitored by HDFC Bank via regular interactions and assessments. Upon successful completion, the candidate will be placed as a Trade Finance executive with HDFC Bank at a salary of Rs.3.5 lakhs per annum + city allowances, depending on location.

UNIT / TOPIC

OBJECTIVE

I. Understanding Financial Landscape

Understand the framework of the financial system, the roles of the banking system, different banking products and banking framework in different countries.

What is finance and financial sector?

Objective: to establish the need for the financial sector in an economy

Introduction to Banking

Objective: to explain the role, structure, purpose and functioning of banking

II. Overview of Trade Finance and Trade Finance Products

Explain the importance of trade finance, important products and the opportunities for banks in this area.

Nature of international trade and role of trade finance

Explain the nature of international trade and name the parties to a trade; explain the unique features of international trade, it’s challenges and the role of trade finance.

Methods of payment, and risk/reward of each type

Explain the different payment types and their risks and benefits to each of the parties concerned (buyer, seller, banks)

Trade Documents

Explain the classification of different trade documents and the salient features of each document.

INCOTERMS 2010

Explain the features, uses and limitations of INCOTERMS.

Trade Finance Products – Commonly used ones

Explain the use and features of Collection Services, LC’s, Guarantees, Reimbursement and Financing.

Guidelines governing International trade finance

Explain the different guidelines / codes/ practices and what they are applicable to; Explain the important clauses of each.

III. Mechanics of Trade Products in detail and International Practices; Reconciliation and Accounting; SWIFT

Lifecycle of Trade Finance Products.

LC’s – Issuance, Confirmation, Transfer, Assignment, Negotiation; Collections and reimbursement processes; Processes related to guarantees.

Reconciliation and Accounting

Explain the reconciliation process; importance of liability accounting and nostro reconciliation

Forex Arithmetic

Basics of treasury rates, calculations, forex markets.

SWIFT

Objective : Explain the use of SWIFT, and it’s application specific to Trade Finance.

IV. Regulations and Compliance

To explain the regulatory framework and it’s importance in international trade finance (from the point of view of sanctions, embargoes, illegal activities etc).

Anti Money Laundering

Objective : Explain the concept of Money Laundering with practical examples; Implications of money laundering – financing of illegal activities and terrorism, tax evasion, loss to government exchequer; How trade finance can be used as a conduit to launder money and precautions to be taken by banks in this regard. Discuss the important regulatory bodies dealing with Trade Based Money Laundering activities.

Embargoes and Sanctions

Topics : Definition of Embargoes and Sanctions; who issues them; importance of these concepts; implications of non compliance.

Risks In Trade Finance

Understand Risks associated with processing of trade finance transactions.

Red Flags – Do’s and Don’t’s

Outlines of Do’s and Don’t’s in handling trade finance transactions.

Additional Case Studies

Case Studies pertaining to documentary credits, guarantees and important trade processes.

Client Onboarding

Topics : Concept of KYC; what is generally collected as KYC documents; important KYC documents for businesses in select geographies; PEP and important safeguards.

Soft skills

Business Communication
Time Management – 8 hours

Niche Domain

Develop in-depth knowledge of Corporate Banking, combined with Compliance and Regulatory frameworks.

Deal with high-value transactions, and understand how complex, multi-party transactions are executed.

High Impact Career

Become part of one of the fastest growing sectors in India. Trade Finance is of vital importance to the global economy as the World Trade Organization estimates that 80 to 90% of global trade depends on Trade Finance.

Prestigious Brand

Work for India’s No. 1 Private Bank and winner of multiple awards for Best Bank in India across categories. The bank offers its employees a great work environment, competitive compensation, along with excellent employee benefits.

Execution Skills

Work with and learn from highly driven teams in a cutting-edge work environment encompassing complex processes, high-end technology, dynamic markets and products.

Admission Criteria:

Post Graduates, 2017 to 2018
(MBA, MCom. or equivalent)

Experience:

0–1 year of work experience
60% Minimum in Academics
Less than 25 years of age

Admission Process:

BANKEDGE follows a rolling admission process comprising an initial assessment followed by a personal interview.

There are two ways to enroll:

1. Physical Enrollment

Walk into either our Delhi, Kolkata, Mumbai, Ahmedabad, Pune, Hyderabad, Bangalore or Chennai centers to receive a personal counseling session, which will be followed by an assessment and an interview.

2. Online Enrollment

Click below to fill in the online assessment form. Our Coordinators will reach you immediately. After telephonic discussion, you will receive an online Assessment link.

Upon clearing the assessment and the personal interview, you will then face a final interview with HDFC Bank. You can then register and enroll in the next HDFC Bank Trade Finance program

PROGRAM HIGHLIGHTS

Corporate Banking Career

The HDFC Trade Finance Program is an opportunity to start a career in Trade Operations with HDFC Bank, India’s No. 1 Private Bank. BANKEDGE will conduct an intensive pre-selection process in conjunction with HDFC Bank. This will comprise an aptitude test followed by a personal interview round. All selected candidates are issued a ‘Conditional Offer Letter’ post which they are trained on Trade Finance Operations for 45 days. Post completion of the training program, the candidate will start working in Wholesale Banking Group for Trade Finance department. The locations are PAN India- Delhi, Chandigarh, Kolkata, Mumbai, Pune, Ahmedabad, Hyderabad, Bangalore, Chennai, Kochin.

Comprehensive Coverage & Certification

The 45-day rigorous classroom training is augmented through the use of banking simulations, real-life case studies, and role play, thus preparing the candidate to handle their job responsibilities more effectively. The curriculum has been designed and taught by experienced industry professionals who have over 10 years of experience in this domain.

HDFC Bank Job Ready Model in Trade Finance

The training progress will be closely monitored by HDFC Bank via regular interactions and assessments. Upon successful completion, the candidate will be placed as a Trade Finance executive with HDFC Bank at a salary of Rs.3.5 lakhs per annum + city allowances, depending on location.

CURRICULUM

UNIT / TOPIC

OBJECTIVE

I. Understanding Financial Landscape

Understand the framework of the financial system, the roles of the banking system, different banking products and banking framework in different countries.

What is finance and financial sector?

Objective: to establish the need for the financial sector in an economy

Introduction to Banking

Objective: to explain the role, structure, purpose and functioning of banking

II. Overview of Trade Finance and Trade Finance Products

Explain the importance of trade finance, important products and the opportunities for banks in this area.

Nature of international trade and role of trade finance

Explain the nature of international trade and name the parties to a trade; explain the unique features of international trade, it’s challenges and the role of trade finance.

Methods of payment, and risk/reward of each type

Explain the different payment types and their risks and benefits to each of the parties concerned (buyer, seller, banks)

Trade Documents

Explain the classification of different trade documents and the salient features of each document.

INCOTERMS 2010

Explain the features, uses and limitations of INCOTERMS.

Trade Finance Products – Commonly used ones

Explain the use and features of Collection Services, LC’s, Guarantees, Reimbursement and Financing.

Guidelines governing International trade finance

Explain the different guidelines / codes/ practices and what they are applicable to; Explain the important clauses of each.

III. Mechanics of Trade Products in detail and International Practices; Reconciliation and Accounting; SWIFT

Lifecycle of Trade Finance Products.

LC’s – Issuance, Confirmation, Transfer, Assignment, Negotiation; Collections and reimbursement processes; Processes related to guarantees.

Reconciliation and Accounting

Explain the reconciliation process; importance of liability accounting and nostro reconciliation

Forex Arithmetic

Basics of treasury rates, calculations, forex markets.

SWIFT

Objective : Explain the use of SWIFT, and it’s application specific to Trade Finance.

IV. Regulations and Compliance

To explain the regulatory framework and it’s importance in international trade finance (from the point of view of sanctions, embargoes, illegal activities etc).

Anti Money Laundering

Objective : Explain the concept of Money Laundering with practical examples; Implications of money laundering – financing of illegal activities and terrorism, tax evasion, loss to government exchequer; How trade finance can be used as a conduit to launder money and precautions to be taken by banks in this regard. Discuss the important regulatory bodies dealing with Trade Based Money Laundering activities.

Embargoes and Sanctions

Topics : Definition of Embargoes and Sanctions; who issues them; importance of these concepts; implications of non compliance.

Risks In Trade Finance

Understand Risks associated with processing of trade finance transactions.

Red Flags – Do’s and Don’t’s

Outlines of Do’s and Don’t’s in handling trade finance transactions.

Additional Case Studies

Case Studies pertaining to documentary credits, guarantees and important trade processes.

Client Onboarding

Topics : Concept of KYC; what is generally collected as KYC documents; important KYC documents for businesses in select geographies; PEP and important safeguards.

Soft skills

Business Communication
Time Management – 8 hours

CAREERS IN TRADE FINANCE

Niche Domain

Develop in-depth knowledge of Corporate Banking, combined with Compliance and Regulatory frameworks.

Deal with high-value transactions, and understand how complex, multi-party transactions are executed.

High Impact Career

Become part of one of the fastest growing sectors in India. Trade Finance is of vital importance to the global economy as the World Trade Organization estimates that 80 to 90% of global trade depends on Trade Finance.

Prestigious Brand

Work for India’s No. 1 Private Bank and winner of multiple awards for Best Bank in India across categories. The bank offers its employees a great work environment, competitive compensation, along with excellent employee benefits.

Execution Skills

Work with and learn from highly driven teams in a cutting-edge work environment encompassing complex processes, high-end technology, dynamic markets and products.

ADMISSIONS

Admission Criteria:

Post Graduates, 2017 to 2018
(MBA, MCom. or equivalent)

Experience:

0–1 year of work experience
60% Minimum in Academics
Less than 25 years of age

Admission Process:

BANKEDGE follows a rolling admission process comprising an initial assessment followed by a personal interview.

There are two ways to enroll:

1. Physical Enrollment

Walk into either our Delhi, Kolkata, Mumbai, Ahmedabad, Pune, Hyderabad, Bangalore or Chennai centers to receive a personal counseling session, which will be followed by an assessment and an interview.

2. Online Enrollment

Click below to fill in the online assessment form. Our Coordinators will reach you immediately. After telephonic discussion, you will receive an online Assessment link.

Upon clearing the assessment and the personal interview, you will then face a final interview with HDFC Bank. You can then register and enroll in the next HDFC Bank Trade Finance program

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