Mohammad Ishan

DEALER – Forex Remittance Operations January 2018 – Present

Al Ansari Exchange, Dubai, UAE

Managing daily liquidity requirement in Local and Correspondent banks.
Funding correspondent banks & agents by measuring, monitoring and managing cash flow for daily trade and remittance.
Dealing with banks and agents on Cash, Tom and Spot value dates and authorizing the deals and sending Deal confirmations
Settling the payments to Merchant/Suppliers in a timely manner in accordance with the instruction from finance department.
Cash collection from the customers on behalf of our agent partners through branches and settling them in a timely manner.
Monitored agent’s balances, keeping track of inflows, outflows and make sure that they don’t cross the credit limit that approved from top management.

BACK-OFFICE OPERATIONS MANAGEMENT:

Reconciling monthly banks statements and follow-up if any issues arise and reporting the same to the regulatory authorities
Manage and assist day to day operation of the branches, handling queries and fulfill the backup role.
Strong understanding of payment processing, cash/liquidity management in a multi-currency Treasury environment.
An understanding of AML within the UAE and Central Bank regulations relating to transactional processing
Preparation of rate sheets and fixing of rates for the branches (200 +) and updating the same on our products as per the current forex market
Quoting FCY remittance rates to branches/customers over the phone.
Supporting the IT department with new ideas in development of new treasury system for the smooth running of business.

FINANCIAL RISK MANAGEMENT:

Working knowledge of foreign exchange markets, including cross-currency rates, FX trading concepts, fundamental FX margin mathematics.
Managing daily liquidity requirement in Local and Correspondent banks and actively identify ways to reduce cash flow, currency risk.
Understanding competitors/channel partners FX pricing and deriving competitive pricing to meet business requirements.
Ensuring that foreign exchange transactions are covered immediately in order to minimize foreign exchange risk.

OFFICER – Cash Management Operations (Payments) Sept 2016 – Sept 2017

Standard Chartered GBS, Bangalore, India

Review daily Nostro Accounts /Settlement Handling various types of queries reports, account settlement and proofing.
Ensure timely and accurate payment run.
Monitor and reconcile transactions and payment.
Processing Telegraphic Transfer, RTGS and Book Transfer Payments.
Handling Products such as Manual Salaries (BT & ACH), OTT (Outward Telegraphic Transfer), STS (straight through Services), SR VII for Africa market.
Monitoring straight through processing and handling and sending Swift Messages.
Managing the work flow to ensure that all the transactions are processed within the cut-off time without any errors.
Dealing with payment queries and investigations.
Experience on key client monitoring and processing vouchers as per the policies of Companies.
Ensuring preventive and corrective plans in place, to handle process flows and errors,
Positive motivator in the team, to motivate the employees to complete the task within the standard allotted time.
Acting as an Effective Back-up and performing end-to-end tasks.
Active team player to investigate and inform the country in case of discrepancies of certain transaction.
Knowledge on accounting entries passed on processing the transaction.
Fulfill the backup role and responsibility and meet the specific requirement.

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