Avinash Vemuri
Chennai
Summary
To utilize my skills and abilities in the Banking Industry that offers all-round professional growth while enabling me to be resourceful, innovative, and flexible. Energetic result-oriented professional with over 18 years of experience in Banking Sector and expertise in Branch Banking Operations, Treasury, Trade Finance and Forex Operations. Key responsibilities include managing volumes within stringent service level agreement (SLA), prioritizing and efficiently handling large volumes and high value transactions. Ability to think smart and act accordingly.
Overview
17
17
years of professional experience
1
1
Certification
Work History
Chief Manager
ICICI Bank Limited
Chennai
03.2022 - Current
- Led a team of 15 members to ensure seamless daily operations and effective distribution of work.
- Ensured full compliance with KYC & AML regulations for new and existing customers.
- Coordinating with RBI and DOE for compliance Closure of EDPMS & IDPMS.
- Scrutinized trade documents for exports and imports, ensuring compliance through Due Diligence (EDD, CDD & ADD) audits and accurate filing.
- Scrutinizing all the trade related transactions raised by the customer via digital mode and pushed to GTSU for processing.
- Solving customer queries and providing prompt solutions.
- Perform and monitor day-to-day processing of trade operations functions.
- Ensure all transactions are processed within the stipulated turn-around-time, proper control and service quality.
- Works with team members, auditors and others to ensure that any operations issue is properly addressed.
- Conducted training sessions for new joiners and provided ongoing support to team members.
- Reviewed internal errors, analyzed trends, and developed strategies to minimize recurring issues.
- Prepare PDP plan for underperforming team members and providing guidance.
- Provide Consultation on our Banking products for our newly Onboarding Customers and corporate clients.
- Evaluated team members' performance and compared them to established benchmarks.
- Handling escalations and ensuring giving timely feedback & closure.
- Presently working with ICICI Bank Ltd, Chennai as a Trade Service Manager - Trade and forex Operations Department.
Branch Banking & Trade Forex Operations
Axis Bank Limited
01.2009 - 03.2022
- Handling the Forex related transactions like Inward Remittance, Outward Remittance for both retail and corporate clients.
- Handling of Export transactions like Lodge and realization of collection & LC documents, Bill discounting, Clearance of shipping bill pendencies in EDPMS.
- Handling of Imports transactions like Advance and Direct Import payment, Lodge and realization of collection & LC documents, Clearance of Bill of Entry in IDPMS.
- Handling of Capital Account transactions like FDI, ODI, ECB.
- Handling of Inland trade transactions like Inland outward Bill, 100% FD backed Inland Bank Guarantee and 100% FD backed Inland Letter of Credits and ensuring its timely closure and delivery.
- To perform safekeeping (Custody) of all trade related documents (export, import documents etc.).
- Executed daily Forex transactions and provided customer service through various channels.
- Coordinating with the centralized processing unit for seamless execution of responsibilities.
- Stay updated on the latest RBI Circulars pertaining to Forex and related information.
- Supporting the senior relationship manager and credit department by providing necessary reports on daily basis.
- Maintained cordial relations with customers to sustain the profitability of the business enhancing relationship value.
- Ensure operational practices are as per compliance with relevant risk standards, policies, and regulations to maintain an effective control environment.
- Handled NEFT / RTGS, Clearing Transactions and queries on the same.
- Taking Care of Locker Openings, Operation and Surrenders.
- In charge of DD / PO Section; Custodian of Deliverables.
- Maintaining & Tallying of petty cash and other Cash related register on daily basis.
- Effective Handling of all Customer related requests.
- Customer Interaction for identifying their banking related requirements and providing solutions.
- Maintenance of Branch Documents and vendor payments.
- Coordinating all Structured Visit, and Internal Branch Audit.
- Monitoring of related office accounts.
- Maintained full compliance with KYC regulations.
- Provide support and guidance to junior officers.
- Scrutinizing, clearing all inward mails, and ensuring proper handling of Debit Cards / PINs received from CPU and timely completion of day end processes.
- Monitoring of all areas of branch operations, certifying compliance on monthly basis.
- Achievement of financial and service level targets
- Company Overview: Career Path
Education
B.E -
Kalsar College of Engineering
01-2004
Intermediate -
Vignan Junior College
01-2000
10th Standard -
Little Flower
01-1999
Skills
- Leadership
- Problem Solving
- Time Management
- Customer Focus
- Teamwork
- Interpersonal
Certification
Certificate Course in Foreign Exchange Operations (CCFE- IIBF)
Languages
English
Upper Intermediate (B2)
B2
Telugu
Proficient (C2)
C2
Tamil
Intermediate (B1)
B1
Hindi
Intermediate (B1)
B1
Timeline
Chief Manager
ICICI Bank Limited
03.2022 - Current
Branch Banking & Trade Forex Operations
Axis Bank Limited
01.2009 - 03.2022
B.E -
Kalsar College of Engineering
Intermediate -
Vignan Junior College
10th Standard -
Little Flower