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Trade Finance Payments and Nostro Reconciliation Specialist

WNS Global Services Pvt Ltd

Chennai

Not disclosed

Work from Office

Full Time

Min. 2 years

Job Details

Job Description

Senior Associate - Operations-REF94477K

Company Description

WNS (Holdings) Limited (NYSE: WNS), is a leading Business Process Management (BPM) company. We combine our deep industry knowledge with technology and analytics expertise to co-create innovative, digital-led transformational solutions with clients across 10 industries. We enable businesses in Travel, Insurance, Banking and Financial Services, Manufacturing, Retail and Consumer Packaged Goods, Shipping and Logistics, Healthcare, and Utilities to re-imagine their digital future and transform their outcomes with operational excellence.We deliver an entire spectrum of BPM services in finance and accounting, procurement, customer interaction services and human resources leveraging collaborative models that are tailored to address the unique business challenges of each client. We co-create and execute the future vision of 400+ clients with the help of our 44,000+ employees.

Job Description

Job Description: Trade Finance – Payments & Nostro Reconciliation SpecialistRole OverviewThe Trade Finance Payments Specialist is responsible for end-to-end processing, verification, and settlement of all Trade Finance-related payments. The role ensures accurate execution of LC payments, IBC settlements, loan repayments, invoice financing disbursements, open account payments, and timely completion of Nostro reconciliations. The position requires strong operational accuracy, compliance awareness, and coordination with internal and external stakeholders.Key Responsibilities1. Trade Finance Payment ProcessingProcess and verify payments related to:Letters of Credit (LCs) – including import and export LC settlements, acceptance payments, and reimbursements.Inward Bills for Collection (IBC) – checking documents, confirming due dates, and executing payments to beneficiaries.Loan Settlements – handling trade loans (buyer loans, supplier loans, usance loans, pre/post-shipment finance) and ensuring on-time repayment.Invoice Financing – disbursing funds for approved invoice finance/receivable finance transactions.Open Account Payments – ensuring payments are processed accurately based on customer instructions and terms.Validate SWIFT messages (MT103, MT202, MT202COV, MT400-499 where applicable).Ensure accurate booking of trade finance transactions in the core banking and trade systems.Perform currency conversions, value dating, and charge applications correctly.2. Compliance & Risk ControlsConduct all required checks: sanctions screening, AML alerts, regulatory validations, and customer due diligence.Ensure adherence to internal policies, ICC rules (UCP 600, URC 522, URR 725), and regulatory guidelines.Escalate discrepancies, payment delays, or risk-related observations promptly.3. Nostro ReconciliationsPerform daily Nostro account reconciliations for trade-related transactions.Investigate and resolve unmatched items, pending entries, and breaks.Coordinate with Treasury, Banks, and Correspondents to clear outstanding transactions.Track and report age-wise recon items and ensure timely closure.4. Coordination & Stakeholder ManagementLiaise with Relationship Managers, Trade Operations, Treasury, Compliance, and external banks.Respond to queries on payment status, charges, returns, or discrepancies.Support customer escalations and ensure service level adherence.5. Documentation & Record ManagementMaintain accurate and audit-ready records for all payment transactions.Ensure timely filing, system updates, and archival as per policy.6. Process ImprovementIdentify gaps in payment workflows and contribute to process enhancements.Support automation, digitisation, and control-strengthening initiatives.

Qualifications

Required Skills & CompetenciesStrong understanding of Trade Finance products: LC, Collections, Loans, Invoice Financing, and Open Account structures.Good knowledge of SWIFT payment formats and banking operations.Understanding of Nostro reconciliation processes.Familiarity with ICC rules and trade documentation.High attention to detail and ability to manage time-sensitive payments.Strong analytical and problem-solving skills.Excellent communication and stakeholder coordination.Experience & QualificationsBachelor’s degree in Commerce/Finance/Business or related fields.2–4 years of experience in Trade Finance Operations or Payments processing.Exposure to SWIFT, Trade Systems, and Core Banking Systems preferred.