Arindam Ray
Kolkata
Summary
A self-motivated MBA graduate specializing in Finance, I excel in delivering analysis-driven financial services and strategic decision-making. With a solid foundation in financial accounting, compliance testing, and risk mitigation, I provide valuable industry insights while ensuring strict adherence to banking policies and regulations. I have conducted comprehensive compliance testing, and drafted, implemented, and enforced banking policies to ensure compliance with regulatory requirements. My proactive approach to learning facilitates rapid skill acquisition, contributing to organizational success. Passionate about continuous growth, I am committed to becoming a distinguished financial services provider known for exceptional financial analysis and industry expertise.
Overview
13
13
years of professional experience
1
1
Certification
Work History
Senior Manager in Compliance (Assets)
Bandhan Bank
09.2022 - Current
- Reviewed, drafted, implemented and updated the bank's various policies, internal circulars, process notes for various loan products, various loan application forms, loan agreements, sanction letters ensuring compliance with applicable laws, regulations and guidelines
- Oversaw all regulatory aspects for the launch of new credit card product
- Reviewed various marketing materials, social media content and various promotional content and communications by various teams across the business, complying with regulatory guidelines and internal policies, like credit card and various loan products most important terms and conditions, adding appropriate disclaimers where required
- Collaborated with teams to ensure communications were transparent, accurate, and legally compliant
- Reviewed and validated various data submissions to the RBI and other regulators to ensure accuracy and compliance
- Managed RBI onsite inspections, RAR observations
- Conducted compliance testing as per the annual testing plan, including End-to-End Thematic Product Testing, and marketing content
- Identified gaps, potential compliance risks and violations, escalated findings to the Chief Compliance Officer, and ensured timely resolution
- Managed testing of Tranche III points in line with regulatory methodologies & timeline
- Handled regulatory correspondences by ensuring timely responses, tracking progress, and coordinating with departments to ensure all correspondences are addressed
- Prepared various advisories as and when needed
- Coordinated and monitored day-to-day compliance activities, regularly assessed adherence to RBI policies and guidelines, and stayed updated with changes in banking regulations
- Ensured that all policies and procedures were updated to reflect new regulatory requirements
- Conducting ad-hoc compliance testing to ensure adherence to regulations
- Prepared summaries of updated RBI circulars and actionable items for departmental dissemination and their successful implementation within regulatory timeframe
- Provided compliance training and guidance to business teams, new team members, ensuring a strong compliance culture and maintaining productive relationships with stakeholders
Deputy Manager
State Bank of India
01.2021 - 09.2022
- Responsible for evaluation, credit analysis, sanction, documentation and pre as well as post-sanction follow-up of the advance portfolio of the branch including Personal loans, Pension loans, Agriculture loan, Gold-loans, Housing loans, Auto loans and SME loans
- Managed a portfolio of around 70 crores, which increased by more than 20% during my tenure
- Assumed full responsibility of the branch in Branch Manager's absence
- Sanctioned various credit approvals of gold, personal, auto and small ticket size SME loans
- Evaluated loan applications, conducted credit checks, and prepared credit appraisals
- Analyzed requests for term loan extensions, cash credit renewals, and restructuring
- Executed pre-sanction procedures, including property and office visits, and conducted post-sanction monitoring and end-use verification by inspecting borrower units and monitoring transactions
- Reviewed new and existing portfolios to identify risk areas
- Interacted regularly with customers to understand business conditions and ensure adherence to credit standards
- Approved or disapproved credit requests based on thorough analysis, ensuring compliance with bank policies
- Initiated recovery of stressed assets through tele-calling and field visits
- Managed Non-Performing Assets (NPAs) by visiting borrower homes, participating in Lok-Adalats, and executing compromise settlements per bank guidelines
- Participated in internal and statutory audits, ensuring compliance with RBI regulations and internal guidelines
- Oversaw branch compliance activities to maintain regulatory and procedural adherence
- Ensured meticulous scrutiny of loan accounts and stock renewals to minimize credit risk
Assistant Manager
State Bank of India
01.2019 - 12.2019
- Ensured adherence to the bank's credit and compliance policies throughout the credit granting process
- Assessed the creditworthiness of loan proposals, prepared financial projections including Balance Sheets, Profit and Loss Accounts, and Cash Flow Statements, and ensured timely credit delivery
- Maintained asset quality, expanded the branch's asset portfolio, and conducted periodic reviews and monitoring of existing loan accounts
- Performed comprehensive credit and financial analysis, including ratio analysis and risk assessment of new loan proposals
- Prepared detailed credit appraisals and conducted thorough due diligence on borrowers, considering both historical data and future projections while aligning with the bank's lending criteria
- Ensured compliance with regulatory norms and facilitated the completion of internal and statutory audit processes
- Managed operational and credit risk parameters, implementing corrective actions as needed
- Contributed to branch fee income by recommending the bank's mutual fund schemes and insurance products to customers
- Promoted alternative banking channels and achieved higher penetration of digital transactions within the branch
Assistant Manager
Yes Bank Ltd.
Kolkata
06.2017 - 08.2017
- Introduction & acquisition of new customers in the small business banking segment and to provide appropriate working capital solutions across fund products like Cash Credit, Term Loan, Gold Loans facilities to micro & small borrowers
- Preparation of credit appraisal of clients to finding customer's eligibility
- Doing necessary credit checks before sanction
- Working with support groups like Risk and Legal Teams and assessing of documents as per sanction terms and conditions, and following internal circulars and regulatory guidelines
Credit & Risk Management Executive
HSBC
05.2013 - 02.2014
- Provided services to the commercial clients of HSBC Bank Canada
- Included setting up of the new loan facilities and renewal of existing loan limits/enhancement of loans, adjusting interest rates, forward contract booking, preparing credit history reports, review of financial statements of the clients
Cashier and Store in charge
BHOWMIK BUILDERS
07.2011 - 03.2013
- Responsible for physical counting of stocks, handling cash and maintaining the books of accounts, managing databases and invoices of clients
Education
Masters of Business Administration - Finance
Indian Institute of Social Welfare and Business Management
Kolkata, India01.2017
Bachelor of Commerce - Hons.
St. Xavier's College
Kolkata, India01.2011
ISC -
St. Joseph's College
01.2008
Skills
- Financial & Credit Analysis
- Policy Drafting
- Compliance Testing
- Due Diligence
- Risk Mitigation
- Banking regulations
- Marketing materials
- Audit & Regulatory Compliance
- Risk Assessment & NPA Management
- Business Operations & Development
- Problem Solving
Certification
- Certification in Business Analytics, Data Brio Academy, 2018
- AMFI-NISM certification, 2022
- CAMI Certification, 2024
Projects
Comparative Analysis of the Retail Loan Products of Union Bank of India, The project was aimed at studying the Retail Products of Union Bank of India and also studying Bank's financial performance and profitability position with respect to other banks over the year., 04/01/16 - 06/30/16 Credit Card Project - Bandhan Bank Ltd, Managed regulatory compliance, ensuring adherence to regulatory requirements.
Timeline
Senior Manager in Compliance (Assets)
Bandhan Bank
09.2022 - Current
Deputy Manager
State Bank of India
01.2021 - 09.2022
Assistant Manager
State Bank of India
01.2019 - 12.2019
Assistant Manager
Yes Bank Ltd.
06.2017 - 08.2017
Credit & Risk Management Executive
HSBC
05.2013 - 02.2014
Cashier and Store in charge
BHOWMIK BUILDERS
07.2011 - 03.2013
Masters of Business Administration - Finance
Indian Institute of Social Welfare and Business Management
Bachelor of Commerce - Hons.
St. Xavier's College
ISC -
St. Joseph's College
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