Somya Jena

• Developed and implemented comprehensive trade compliance policies and procedures, achieving full compliance with applicable laws and regulations.
• Managed document collection processes as a Letter of Credit Checker, ensuring compliance with established regulations and company policies.
• Verified and scrutinized documents under Letter of Credit requirements, maintaining meticulous attention to detail and accuracy.
• Proficient in handling all aspects of letter of credit processing, including issuance, amendment, and negotiation, ensuring compliance with international trade regulations and company policies.
• Collaborated with internal teams and external stakeholders to resolve discrepancies and expedite document processing.
• Conducted risk assessments and gap analyses to identify vulnerabilities and enhance the effectiveness of anti-financial crime measures, ensuring alignment with regulatory requirements and industry best practices.
• Stayed abreast of industry trends, regulatory developments, and best practices in KYC/AML (Anti-Money Laundering) compliance to continuously improve processes and mitigate risks.
• Conducted enhanced due diligence (EDD) on high-risk customers and counterparties, including politically exposed persons (PEPs) and complex corporate structures, to mitigate risks and ensure compliance with regulatory obligations.

• Experience in trade finance operations involving export related transactions, documents under letter of credit, pre-shipment

finance, post-shipment finance, bills under collection,

• Administrative the verification of all trade finance products includes letter of credit(LC), documentary collection, remittance, reimbursement.

• Processed and monitored SWIFT payments for domestic and international transactions, ensuring accuracy, timeliness, and compliance with regulatory requirements.

• Collaborated with internal stakeholders such as treasury, finance, and operations teams to facilitate smooth execution of SWIFT payments and resolve any issues or discrepancies promptly.

• Utilized various databases and tools to perform background checks, sanctions screening, and adverse media searches on clients to assess their risk profiles.

• Successfully managed a diverse portfolio of documents under collection, ensuring adherence to letter of credit terms and international trade regulations.

• .Demonstrated expertise in resolving discrepancies and disputes related to documents under collection, fostering positive relationships with banks and clients while safeguarding company interests..

• Prepared and maintained documentation, including payment instructions, transaction records, and audit trails, to support internal controls and regulatory compliance requirements.