Vinmar International

Global plastics, chemicals marketing and distribution

Director of Banking

TreasuryConfirmed live in the last 24 hours

Full-timeMumbai, Maharashtra, IndiaNo salary listedIn-person

About the Job

Requirements

CDCS-qualified professional.
20+ years of experience in banking operations, cash projections, trade finance, export documentation, and international banking.
10+ years of leadership experience managing banking teams in banks or a corporate office.
Strong understanding of global banking and documentation for export letters of credit, avalized drafts, and other trade finance instruments.
Knowledge of export letters of credit and export standby letters of credit.
Knowledge of export documentary collections, including CAD, D/P, D/A, and NET.
Knowledge of open account transactions.
Knowledge of UCP 600 (Uniform Customs and Practice for Documentary Credits, 2007 revision).
Knowledge of ISBP (International Standard Banking Practice).
Knowledge of ISP98 (International Standby Practices).
Knowledge of compliance regulations and international trade finance regulations.
Experience working with ERP systems such as SAP.
Advanced proficiency in Microsoft Excel and financial reporting tools.
Ability to manage multiple priorities in a fast-paced global environment.
Strong risk-management mindset and attention to detail.
Ability to lead cross-functional and international teams.
Commitment to continuous improvement, process optimization, and technology adoption.

Responsibilities

Oversee the company’s global banking operations, including banking relationships, daily banking activities, and receipt of payments for documents handled by the banking team.
Lead the team responsible for export letters of credit, avalized drafts, export collections, open account transactions, and banking compliance across international regions.
Serve as a liaison among internal stakeholders, branch offices, global banking partners, documentation and logistics teams, treasury, and shared service operations.
Resolve export letter-of-credit issues promptly and facilitate execution of financial transactions to accelerate payment from banks.
Maintain regulatory and banking compliance and coordinate cross-functional teams to improve operational efficiency and customer service.
Develop, maintain, and strengthen banking relationships to support export letter-of-credit activities and efficient transaction execution.
Manage and coordinate export transactions across international business units while ensuring efficiency, compliance, and seamless execution.
Oversee processing, negotiation, and administration of export letters of credit, documentary collections, open account transactions, avalized drafts, and other trade finance instruments; improve processes as needed.
Ensure accurate and timely presentation of export documents to banks in compliance with regulatory and contractual requirements; escalate service-level or KPI failures to bank contacts and authorities to resolve issues and minimize delays.
Interpret and advise internal stakeholders on letter-of-credit clauses, amendments, discrepancies, and documentary requirements, and recommend solutions.
Manage daily export banking activities and payment processing, monitor collections, and ensure global banking teams update cash projections daily.
Monitor payment status, collection activities, and outstanding banking transactions to ensure timely resolution.
Review banking reports, coordinate with documentation and banking teams, escalate issues as needed, and monitor payment forecasts to identify risks and improvement opportunities.
Partner with banks to resolve transaction delays, payment discrepancies, fees, and operational issues.
Implement and monitor bank KPI standards for advising and confirming letters of credit, document negotiations, and payments.
Ensure compliance with UCP 600, ISBP, international banking regulations, sanctions requirements, and company policies.
Review discrepancies identified by banks and internal teams, provide corrective-action guidance, and escalate when necessary.
Develop and maintain internal controls for banking operations.
Develop and mentor the banking and documentation team.
Establish performance metrics, workflows, and service standards for the banking and documentation department.
Drive continuous improvement initiatives to improve efficiency, reduce cycle times, and strengthen controls; manage and monitor processes.
Partner with technology teams to improve banking systems, automation, reporting capabilities, and process standardization.
Use AI, automation, and digital tools to streamline banking workflows, reduce manual processing, and improve operational visibility.

Director of Banking

Vinmar International · Mumbai, India · Full-time · Posted 2026-10-06

Workplace: on_site

Department: Vinmar Business Services

Description

Director – Global Banking is responsible for overseeing the company’s global banking operations, including maintaining banking relationship, daily banking activities, receipt of payments for documents handled by the banking team. This role leads a team responsible for Export Letters of Credit, Availized Drafts, Export Collections, Open Account transactions, and banking compliance across multiple international regions.

The Director serves as a key liaison between internal stakeholders, company branch offices, global banking partners, documentation and logistics teams, treasury, and shared service operations. The role is responsible for ensuring the timely resolution of export LC-related issues, facilitating the prompt execution of financial transactions to accelerate payment from banks, maintaining regulatory and banking compliance, and effective coordination among cross-functional teams to optimize operational efficiency and customer service.

This Position Directly reports to Senior Director – Global Banking at Vinmar Corporate Office – Houston, TX, USA.

Key Responsibilities

Global Banking & Trade Finance

Assist, Develop, maintain, and strengthen banking relationships to support export Letter of Credit activities, ensuring efficient transaction execution and responsiveness to business needs.

· Manage global banking operations by supporting and coordinating export transactions across multiple international business units, ensuring operational efficiency, compliance, and seamless execution.

Oversee the processing, negotiation, and administration of Export Letters of Credit (LC), Documentary Collections (CAD, D/P, D/A), Open Account transactions, and other trade finance instruments like avalized drafts. Improvise processes as needed.

· Ensure the accurate and timely presentation of export documents to banks in compliance with all regulatory and contractual requirements. In cases where service levels or KPIs are not met, proactively escalate issues to the appropriate bank contacts and authorities to facilitate timely resolution and minimize transaction delays.

Interpret and advise internal stakeholders on LC clauses, amendments, discrepancies, and documentary requirements. Suggest solutions as needed

Banking Operations

Efficiently Manage daily export banking activities, payment processing, collections monitoring, and ensure cash projections are updated by global banking teams daily.
Monitor payment status, collection activities, and outstanding banking transactions to ensure timely resolution.
Review and analyze banking reports, co-ordinate with documentation and banking teams for efficient banking and escalate as needed also monitor payment forecasts to identify risks and improvement opportunities.
Partner with banking institutions to resolve transaction delays, payment discrepancies, fees, and operational issues. Implement and monitor KPI standards for advising / confirming LCS, documents negotiations & payments - set at various global banks.

Risk Management & Compliance

Ensure compliance with UCP 600, ISBP, international banking regulations, sanctions requirements, and company policies.
Review and analyze discrepancies identified by banks and internal teams, providing guidance on corrective actions and escalation when necessary.
Develop and maintain strong internal controls related to banking operations.

Effective team coordination & Process Improvement

Develop and mentor banking and documentation team.
Establish performance metrics, workflows, and service standards for banking and documentation department.
Drive continuous improvement initiatives to enhance efficiency, reduce cycle times, and strengthen controls. Effective management of processes to be ensured and monitored.
Partner with technology teams to improve banking systems, automation, reporting capabilities, and process standardization.
Utilize AI, automation, and digital tools to streamline banking workflows, reduce manual processing, and improve operational visibility.
Suggest positive solutions as needed.

Requirements

Education & Experience

Should be a CDCS qualified professional .
20+ years of experience in banking operations, cash projections, trade finance, export documentation, and international banking.
10+ years of leadership experience managing banking teams in Banks or Corporate office.
Strong understanding of global banking & documentation in export letter of credit, avalized draft and other trade finance instruments.

Technical Knowledge

Export Letters of Credit (LC) and Export Standby Letters of Credit (SBLC)
Export Documentary Collections (CAD, D/P, D/A, NET)
Open Account transactions
UCP 600 – Uniform Customs and Trade Practice for Documentary Credits (Rev. 2007)
ISBP – International Standard Banking Practice (Rev. 20027)
ISP98 – International Standby Practices
Compliance Regulation
International trade finance regulations
Experience working with ERP systems such as SAP.
Advanced proficiency in Microsoft Excel and financial reporting tools.

Leadership Competencies

Accountability and Dependability.
Strong analytical and problem-solving abilities.
Excellent communication and negotiation skills. Positive attitude.
Effective Escalation skills.
Ability to manage multiple priorities in a fast-paced global environment.
High attention to detail and strong risk management mindset.
Proven ability to lead cross-functional and international teams.
Demonstrated commitment to continuous improvement, process optimization, and technology adoption.
Positive Result oriented approach for daily activities and motivating teams.

Apply

Apply at Vinmar International

About the Company

Vinmar International

Global plastics, chemicals marketing and distribution

Vinmar International specializes in global marketing, distribution, and project development for plastics and chemicals. It helps leading producers and customers connect by providing tailored business solutions, including sales, logistics, and project management across a network of more than 50 offices serving over 100 countries. How it works: Vinmar coordinates between suppliers and buyers, leveraging its experienced sales teams, logistics capabilities, and project development services to move products from creation to end-use. How it differs: with 40+ years in the industry and a wide geographic footprint, Vinmar emphasizes customized, end-to-end solutions rather than manufacturing its own products, enabling efficient market access and supply chain management for clients. Its goal is to create value for both producers and users by delivering reliable market access, optimized logistics, and practical project support globally.

Company size: 501-1,000
Company stage: Not listed
Total funding: Not listed
Headquarters: Houston, TX
Founded: 1978

Recently Posted Jobs

Explore more opportunities at Vinmar International

See more jobs