ARVIND DAKE
Summary
Seasoned Forex & Trade operations professional with a total banking experience of around 24 years. Domain expertise spread across the entire life cycle of forex, trade products and processes with good working knowledge of regulations. Have handled critical and high value transactions across various trade & forex products. Strong, demonstrated management skills and ability to influence and engage direct reports and peers.
Overview
25
25
years of professional experience
1
1
Certification
Work History
Vice President - Wholesale Banking Service
Axis Bank Limited
07.2021 - Current
- Was part of team that liaised with consultant for preparation of digital manual and job cards.
Deputy Vice President - Trade Finance Centre
Axis Bank Limited
05.2017 - 06.2021
- Raising SRs on processes refinement with IT department on continual basis.
AVP & Product Head - Exports
Axis Bank Limited
04.2012 - 04.2017
- Was involved in integration of RBI EDPMS software in Axis ecosystem.
Product Head - Senior Manager
Axis Bank Limited
05.2010 - 03.2012
- Was involved in manpower budgeting, recruitment, training and mentoring since inception of the unit.
Product Head - Manager
Axis Bank Limited
06.2009 - 04.2010
- Head for transaction mid office handling curing (digital and assisted), deviation approvals & credit approvals for trade & forex products.
Operations Head - Manager
Axis Bank Limited
05.2006 - 05.2009
- Responsible for end to end processing import lodgement and advance remittance transactions.
Deputy Manager - Operations
Axis Bank Limited
05.2003 - 04.2006
- Was operations Head of strategic Branch at Jubilee Hills, Hyderabad.
Executive - Operations
Axis Bank Limited
04.2000 - 04.2003
- Compliance of Export Free Bills and miscellaneous transactions like GR waiver, write off, net off set off, merchanting trade, invoice substitution etc.
Education
Bachelor of Science - Mathematics, Physics & Statistics
Nrupatunga Degree College (Osmania University)
04.1994
MBA - Finance
Avanthi PG College (Osmania University)
05.1998
PG diploma - Advertising & Marketing
Bhavan's College
11.1996
Skills
- Evaluation of process notes of trade & forex notes products risk, regulation, service delivery perspective
- Incharge for improvement TAT, NFTR & PHA scores of various products from service delivery angle
- Incharge for improvement of net promoter score (NPS) for various trade & forex products
- Carrying out snap audit, structured visit & coordinate with audit department on various trade and forex products
- Evaluating various processes and products from risk perspective on periodic basis
- End to end involvement in Pratham process that resulted in drastic improvement in TAT & NFTR of Export collection bills
- Ensured timely closure of concurrent, IAD audit and observations given by regulators
- Involved in integration various products like export lodgement, realisation, free bills in new workflow system 'Tradax' which Axis bank is deploying for processing forex transactions
- Good knowledge of retail forex products and processes
- Assisting branches in obtaining approvals from various RBI RO offices and trade division by writing and vetting letters
- Regular involvement with business and product teams for new product development and enhancing product features
- Was part of new initiatives like Was regularly involved with stakeholders in finalizing draft audit observations
- Coordinating with the SOX team with clearing their comments
- Was involved in evaluating and fine tuning risk profile of various processes and products at periodic intervals in coordination with risk department thru EGRC framework
- Was involved in manpower budgeting, recruitment, training and mentoring since inception of the unit
- Part of team that periodically scrutinizes and provides suitable recommendations to top management on suspicious forex and trade transactions filtered thru trade based money laundering angle
- Liaised with Autorec (software for enabling OCR) team for integration and processing of import bills lodgement
- Was involved in integration of RBI EDPMS software in Axis ecosystem
Certification
- Certificate course in foreign exchange operations (CCFE) - IIBF
- Certificate in operational risk management from IRM, UK
Timeline
Vice President - Wholesale Banking Service
Axis Bank Limited
07.2021 - Current
Deputy Vice President - Trade Finance Centre
Axis Bank Limited
05.2017 - 06.2021
AVP & Product Head - Exports
Axis Bank Limited
04.2012 - 04.2017
Product Head - Senior Manager
Axis Bank Limited
05.2010 - 03.2012
Product Head - Manager
Axis Bank Limited
06.2009 - 04.2010
Operations Head - Manager
Axis Bank Limited
05.2006 - 05.2009
Deputy Manager - Operations
Axis Bank Limited
05.2003 - 04.2006
Executive - Operations
Axis Bank Limited
04.2000 - 04.2003
Bachelor of Science - Mathematics, Physics & Statistics
Nrupatunga Degree College (Osmania University)
MBA - Finance
Avanthi PG College (Osmania University)
PG diploma - Advertising & Marketing
Bhavan's College
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