Manager - WOORI BANK
(2021-03)
Act as team lead for trade operations team monitored transactions, ensured compliance, and reduced processing with UCP, URR, URC.
- Steering Treasury & Trade Finance activities including funding & settlements on money market dealings, foreign exchange and derivatives.
- Managing day-to-day, weekly and monthly Financial Planning for Letter of Credit (L/C) payments and other financial liabilities.
- Directing the issue of Import and Export Letters of Credit (L/Cs) including Advise, amendments, acceptance, settlements, cancellations and all negotiation with the Banks.
- Scrutinizing and Authorize the bills for inward and outward remittances on daily basis.
- Letter of Credit and all bills negotiation with the Banks.
- Processing SBLC, BID Bonds, Performance guarantees, Financial guarantees(BASIC LEVEL).
- Supervising: Remittance documents for import and export payments.
- Discounting in payment and lodgment under export collection.
- Export Bills under Letter of Credit.
- Inland Letter of credit issuance.
- Import collections including the processing of inward bills, marking Acceptance, processing 'Free of Payment' bills, undertaking legalization of Documents, issuing delivery orders under collection.
- Export collections including the processing of outward bills, marking Acceptance, collection payments and Making payments for the same.
- Sanctions check and screening with the help of guidelines of OFAC.
- Checking and sending Swift Messages to Issuing Bank for Communicating Acceptance, Discrepancy and for further Clarification.
- Handling order to cash management for the payment received and kept in account receivable.
- Department: Back Office Operations
Trade finance specialist - WIPRO LIMITED
(2019-02 - 2020-10)
Managing a team in trade finance for middle East market ensuring that all key metrics of performance as per the client SLA are met and exceeded.
- EXPORT COLLECTIONS
- Scrutiny and verification of documents of Export under Collection.
- Managed issuance, advising, confirmation, negotiation, and payment of letters of credit to ensure seamless trade transactions.
- Conducted thorough reviews of trade documentation to ensure accuracy and compliance with regulatory standards.
- Performed document checking, processing, and monitoring of letters of credit and documentary Collections.
- Prepared comprehensive reports and updated management on trade finance activities and performance metrics to support informed decision-making.
- Sending Swift Messages to Issuing Bank for Communicating Acceptance, Discrepancy and for further Clarification.
- Adhering to all Sanction, AML and Red Flag policies and procedures. Escalating suspicious transactions when required.
- Sanction check in world check and FIRCOSOFT.
- IMPORT COLLECTIONS
- Scrutiny and verification of documents of Import under Collection.
- Lodgment, payment, acceptance, tracers in Import under collection.
- Checking of return of documents.
- Grade: B1
- Department: Digital Operations and Platforms(Trade Finance)
- Client: National Bank of RasAlKhaimah ( RAKBANK)
Deputy Manager (Back Office –Trade Finance Operations) - ICICI BANK, Mumbai - Mumbai
(2015-08 - 2018-12)
- EXPORT BILLS & LETTER OF CREDITS
- Scrutiny of documents of Export Bills under Letter of Credit.
- Scrutiny of documents of Export under Collection.
- Preparation and Verification of Export under Letter of Credit in Finacle.
- Preparation and Verification of Export Bills under Collection in Finacle.
- Sending Acceptance Messages, Discrepancy Messages to Issuing Bank through SFMS.
- Sending Swift Messages to Issuing Bank for Communicating Acceptance, Discrepancy and for further Clarification.
- Scrutiny of documents of Advance against Exports.
- Preparation and Verification of Advance against Exports Strong exposure in automatisation of reporting systems with hands-on experience in Finacle I Core System & its various Menu Options.
- Adhering to all Sanction, AML and Red Flag policies and procedures. Escalating suspicious transactions when required.
- Sanction check in AMLOCK following OFAC and FATF.
- Preparation and Verification in Finacle ( 10 X ).
- Clearing Audit queries related transactions.
