Indian Bank Senior Manager - Forex/Trade Finance Scale III, Manager - Forex/Trade Finance Scale II

Indian Bank has invites application from experienced professionals for the post of Senior Manager - Forex/Trade Finance Scale III, Manager - Forex/Trade Finance Scale II. Today we are providing a syllabus and exam pattern for the exam.

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Important Dates

Particulars	Date
Commencement date of on-line application	12.03.2024
Last Date of the online application	01.04.2024
Date of Online Examination	Tentaive

Number of Vacancies

Post / s	Minimum Age	Maximum Age (as on 01.01.2024)	Total Vacancies
Senior Manager - Forex/Trade Finance Scale III	25	38	5
Manager - Forex/Trade Finance Scale II	23	35	5

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Relaxation in Age Limit

Category	Age Relaxation
Scheduled Caste/ scheduled Tribe Candidates	By 5 years
Other Backward classes (OBC) Candidates (Non-Creamy layer)	By 3 years
Persons with Benchmark Disabilities as defined under “The Rights of Persons with Disabilities Act, 2016”	By 10 years
Ex-Servicemen, Commissioned Officers, including Emergency Commissioned Officers (ECOs/Short Service Commissioned Officers (SSCOs) who have rendered at least 5 years military service and have been released on completion of assignment (Including those whose assignment is due to be completed within one year from the date of notification) otherwise than by way of dismissal or discharge on account of misconduct or inefficiency or physical disability attributable to military service or invalidment.	By 5 years
Persons affected by 1984 riots	By 5 years

Qualification & Certifications (As on 01.01.2024)

Posts	Qualifications	Certifications
Senior Manager – Forex/Trade Finance Scale	Graduate in any discipline. And 2 years MBA (or equivalent PG Degree /Diploma) in finance / International business / Trade Finance. Or CA from ICAI / CMA from ICWA / CFA from CFA institute USA.	Certificate Course in Foreign exchange from IIBF is Mandatory. It is desirable to have certificate in CDCS & CSDG
Senior Manager – Credit	Graduate in any discipline. Or 2 years MBA (or equivalent PG Degree / Diploma) in Finance/ International business/ Trade Finance.	Certificate Course in Foreign exchange from IIBF is Mandatory.

Experience (As on 01.01.2024)

Senior Manager – Forex/Trade Finance Scale III

Minimum 5 years of work experience in Trade Finance with any Bank / Financial Institutions, have exposure in processing of Imports / Exports / Remittances (Retail, Non-Retail), IDPMS, EDPMS, Foreign letters of credit, Collections, Payments, Suppliers Credit, Documents checking, Guarantees, Standby Letters of Credit and Back to Back Letters of Credit, In-depth knowledge of best practices in managing Trade Finance as per FEMA, FEDAI and UCP 600, URR 525, URDG, ISBP Incoterms, Currency Hedging Instruments and Exchange Control Rules and Regulations, , Marine insurance and Customs and excise as related to Trade Finance.

Manager – Forex/Trade Finance Scale II

Minimum 3 years of work experience in Trade Finance with any Bank/ Financial Institutions, have exposure in processing of Imports / Exports / Remittances (Retail, Non-Retail), IDPMS, EDPMS, Foreign letters of credit, Collections, Payments, Suppliers Credit, Documents checking, Guarantees, Standby Letters of Credit and Back to Back Letters of Credit, In-depth knowledge of best practices in managing Trade Finance as per FEMA, FEDAI and UCP 600, URR 525, URDG, ISBP, Incoterms, Currency Hedging Instruments and Exchange Control Rules and Regulations, , Marine insurance and Customs and excise as related to Trade Finance.

Probation Period

Scale	Probation Period
Scale II & III	1 year

Selection Procedure

Shortlisting of applications followed by interview or
Written / Online Test followed by Interview

Online Examination (Exam pattern)

Name of section	No. of questions	Marks	Time allotted
Professional knowledge	60	60	60 Minutes
English Language	20	20	30 Minutes
General Awareness with Special Reference to Banking Industry	20	20	15 Minutes
Total	100	100	105 Minutes

Note: 1/4th of the mark allotted to the respective question for which a wrong answer is given. There shall be no penalty for an unattended question.

Interview

The minimum qualifying mark in Test and or Interview is 40 % for candidates belonging to unreserved category / EWS and 35 % for candidates belonging to SC/ST/OBC/PWBD categories. In case sufficient number of candidates are not available as per the qualifying criteria then Bank reserves the right to lower the qualifying marks / cut-off as per its sole discretion.

Candidates shall be required to qualify separately and individually both in Written / Online test and Interview to qualify in merit list.

Syllabus

Professional Knowledge

Module AForeign Exchange Markets

Different Kinds of Inter‐Bank Forex Markets
Nature of Transactions
Cross Border Currency Flows
Liberalization of Exchange Control
Role of Banks in Forex Market
Export finance

Module B

Forex Concepts

Exchange Rate Quotes
Factors affecting Exchange Rates
Exchange Rate Mechanism
Spot and Cross and Forward Rates
Premium and Discount
Forward Contracts–Booking, Extension, Cancellation

Module C

International Treasury

Market Participants
Various Forex Treasury Products
Volatility of Major Currencies
Currency Trading

Module D

Laws

FEDAI Rules
FEMA Regulations for Import / Export Transactions ‐
Current A/c Rules –Capital Account Transactions.
FDI / FPI Guidelines in India and impact of Inflows &
Outflows on Forex Treasury.
GDRs / ADRs, Tandoori Bonds, Pass Through Certificates.
Loan Syndications and FRN
Interest Rates and Volumes
Tax Implications

Module E

Derivative Markets

Futures, Options and Swaps
Price Calculation of Various Instruments
Swaps ‐ Outright Deals, Dealer Operations
Trends in Futures Market
Short Term Interest Rate Futures

Module F

RBI circulars and related laws

RBI circulars (2 year)
Impact of Recent Global Crises – Role of IMF, FEDAI/WORLD BANK/NEW DEVELOPMENT BANK/AIIB BANK.
Contract act 1872
Banking regulation 1949
RBI act 1934
Negotiable instruments act 1881

English Language

Reading Comprehensions
Para Jumbles
Vocabulary
Error Spotting
Cloze test

Banking Present Economic Scenario General Awareness

Banking Reforms
Regulatory Bodies in India- NABARD, SEBI etc.
International Banking
Latest circulars of RBI and SEBI
Latest Updates in Financial & Capital Markets
Financial Terms
Banking Terms
Latest Acts related to Banking
Priority Sector Lending
NPA - latest news
SARFAESI Act
RBI Monetary Policy
Capital & Money Market Instrument
Commercial Banks, NBFCs, HFC - Latest news
Mergers and Acquisitions in Banking Companies
Credit Rating and Agencies
Payment Options- NEFT, RTGS, Bharat Bill payment etc.
Complete List of Obituaries
Recently Appointed Brand Ambassadors List
Monthly GK Digests
Ministry of Cabinet Ministers
Renamed Govt. Schemes, Cities, Airports & Railway Stations
Indian Financial System
Financial market instruments
International reports and indices
Important committees
Foreign investment and trade
Growth numbers by various organization
Union budget
Latest mergers and MOUs of banks and financial institutions
Heads of various financial organizations
Mutual Funds
Basel Norms
Regulatory organizations: SEBI/NABARD/RBI
Joint Military Exercises of India
List of Summits and Conferences
India's Rankings in Different Indices
List of Appointments
List of Important Days With Themes
List of MoUs signed by India
Upcoming Sports Event From
List of Sports Events & Winners
Awards and Honours