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

Published on Thursday, March 21, 2024
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.

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

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

                                          Indian Bank Senior Manager - Forex/Trade Finance Scale III, Manager - Forex/Trade Finance Scale II Course by Team BankExamsToday

                                          Team BankExamsToday is offering is a full-fledged, comprehensive and systematic course for the preparation of Indian Bank Senior Manager - Forex/Trade Finance Scale III, Manager - Forex/Trade Finance Scale II exams.
                                          Course features
                                          • Daily video classes
                                          • Study Material
                                          • Live sessions
                                          • Unit tests
                                          • Special attention to Professional knowledge section from Day 1
                                          • 5 full-length mock tests 
                                          • Interview preparation guide

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                                           Indian Bank Manager - Forex/Trade Finance Scale II Course

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                                          ramandeep singh

                                          Ramandeep Singh is a seasoned educator and banking exam expert at BankExamsToday. With a passion for simplifying complex concepts, he has been instrumental in helping numerous aspirants achieve their banking career goals. His expertise and dedication make him a trusted guide in the journey to banking success.

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