Murugan Murugan

Trade Finance and Payments Operations professional with 6+ years of banking experience at Kotak Mahindra Bank, specializing in cross-border payments, SWIFT transactions, and export trade operations. Experienced in processing inward and outward remittances, export bill lodgement, and EDPMS compliance while ensuring adherence to RBI and international banking regulations. Proven ability to improve turnaround time, reduce processing errors, and support high-volume global transaction environments.

Deputy Manager Trade Finance Operations - Kotak Mahindra Bank - Chennai, INDIA

(2019-11)

• Managed and Processed 100+ remittances daily along with high value of inward remittances for trade and non-trade transactions, ensuring 100% accuracy and full regulatory compliance.
• Executed diverse capital account transactions, including Foreign Direct Investment (FDI) and Alternative Investment Funds (AIF), improving transaction turnaround time by 20%.
• Processed end-to-end outward remittances and customer payments in strict adherence to RBI guidelines, achieving zero compliance issues.
• Validated remittance documentation (A2 forms, invoices, BOE, shipping documents), reducing processing errors by 25%.
• Managed Pre-shipment & Post-shipment finance adjustments reducing TAT by 15%.
• Scrutinized and verified all payment documentation, reducing processing errors by 25% and enhancing operational efficiency.
• Handled SWIFT messages including Pacs008, Pacs009, MT103, MT202, and managed correspondent banking events such as MT199 and MT999 with 99% accuracy.
• Utilized the REUTERS platform to capture real-time foreign exchange rates for inward and outward SPOT and FORWARD deals, ensuring precise FX transaction execution.
• Oversaw daily end-of-day forced drawdown activities, consistently maintaining compliance and operational accuracy.
• Managed pre-shipment and post-shipment discounting adjustments, improving cash flow management and reducing turnaround time by 15%.
• Administered Bill Discounting and Disbursement processes, optimizing working capital utilization.
• Conducted EDPMS reconciliations and implemented electronic Bank Realization Certificate (e-BRC) corrections efficiently, enhancing accuracy by 30%.
• Managed export bill lodgement and export LC processes, including Documents Against Acceptance (D/A) and Documents Against Payment (D/P), ensuring timely payment collections and Handled import collections as per URC 522 both Lodgement and payment.
• Coordinated with internal teams including compliance, treasury, and relationship managers to ensure seamless execution of international trade transaction.
• Participated in UAT testing and production environment validation for payment system enhancement.

Bachelor of Computer Applications - BCA - Bharathidasan University - Government Art College autonomous, Kumbakonam (2016-06 - 2019-06)