DASAPRAKASH ELUMALAI

A competent professional with over 12 years of experience in Banking currently with Standard Chartered Bank handling of KYC CDD for Financial institutional and commercial banking clients with operations & sales in Branch Banking, Corporate Banking and Trade Finance with Client Servicing in Axis bank Ltd.

Hardworking Associate Director knowledgeable about business practices in the banking industry. Adept at supporting and enhancing operations with a decisive leadership style and strategic approach to decision making.

Expertise in managing branch operations and implementing strategies towards enhancing market penetration, business volumes and growth for a wide range of banking products & services. Hands on developing profitable and productive business relationships, building an extensive client base, and market development.

Strong leader and problem-solver dedicated to streamlining operations to decrease costs and promote organizational efficiency. Uses independent decision-making skills and sound judgment to positively impact company success.

• STANDARD CHARTERED BANK, 11/2016 - Present, KYC CDD and Client On boarding and Management team, Core contributor to 'Speed to Market' New-To-Bank Client On boarding, CDD Renewals and Static Management delivery and process with the aim to improve 'time to revenue' and client service experience., Deliver on all actionable pertaining to other activities including in-country (as applicable) such as NTB account opening, stock statement/insurance updations, off-boarding, static data maintenance, technical referrals, valuations etc, Troubleshoot difficult cases with the relevant stakeholders. Proactively identify potential issues/ concerns and escalate to management for attention/ support., Contribute to the teams' BAU productivity at the highest standards, Work with group & country on client list rollout, remediation, automation and transfer to BAU., Adherence to all defined risk parameters and Closure of CORC / BORC escalation cases, Deliver strong governance and execution for regulatory processes, including FATCA, CRS, FM account opening etc., All CST/QIA fail/observations to be closed in time, Work on all COBAM related (data/regulatory/CDD etc) remediation's as agreed with group and country governance forums., Effective relationship and key stakeholder management with and across the networks to address issues/ concerns, Collaborate with stake holders and work together towards client delivery without compromising on compliance with extant rules & regulations., Leverage on our network to cascade best practices and policy clarifications so that issues at hand are closed ASAP and collective experience gained benefits the team and the bank in turn., Work in partnership all relevant stakeholders effectively within the end-to-end CDD/ COBAM process, CIB COBAM, CIC Segment Heads, RMs and CCGs, COM, L&L Ops, Group CLM, CET, FCC COE, CDD Risk Managers, Operational Risk, HR, Legal & Compliance departments, Product partners in the region, Group Internal Audit, Risk & Controls Governance functions and relevant regulators.
• AXIS BANK LTD, 05/2012 - 11/2016, Assistant Manager - Teller, Customer Service Officer in operations and sales, Acquiring of New to bank clients in all respects like High net worth of savings and current accounts., Will be responsible for revenues on Liabilities and wealth management products., Ensure coverage of all relationships through customer engagements, risk profiling and financial planning., Actively engaging with the all channel to drive portfolio objectives (CASA growth, Investment product penetration, book deepening, revenue footprint etc.), To achieve sales targets in terms of income generated across all advisory products in slabs of 0.50cr. Achieve the FEE Income assigned for the wealth portfolio, Sales targets spread across providing financial planning & Investment Advice, Cross selling of financial products spread across Liabilities products (Life Insurance - LI, General Insurance - GI, Mutual Funds - MF, Debit/ Credit Cards etc) Retail Assets, Business Banking and Trade and Forex products etc., Ensuring all products is in line with the regulatory framework including RBI, SEBI, FEMA, etc., One point contact for all requirements of High Net Worth customers in corporate banking and branch banking., MIS generation maintains records for all acquisition figures and account up gradations., Liaisoning with Audit / Compliance / Marketing / process teams / other business groups on an on-going basis., Managing Assessment of files with minimum TAT and Financial Analysis of different Customers, Conducting Self Audit and training & development programs within the Branch., Identification & resolution of risk & control issues, Maintaining up-to-date knowledge of business processes & operating standards to ensure quality of work in the assigned areas and branch expenses within the cost control measure., Handling of all forex transactions like Inward remittance, Outward remittance, Import and Export bills, Buyers credit, LC transaction, Bank guarantee, EFC funds transfer, FCY and FDD., Handling of all LC and outward remittance based document checking., Managing all forex transaction within the stipulated timing or given TAT., Handling of CMS transactions like collection and payment and processing of all transaction within the clearing time., Daily reconciliation of CMS pool account and Coordinating with Relationship manager teams for resolution of queries., Post sanctions activities such as issuance of facility letters, recovery of fees and inspections., Resolution of customer problems & queries through liaisons with the appropriate departments of the bank., Handling compliance issues within TAT. Motivating the Team members to get the business from all employees and maintain the compliance as well., Maintaining up-to-date knowledge of business processes & operating standards to ensure quality of work in the assigned areas, Monitoring of AML transactions and KYC due in all accounts in order to avoid fictitious transactions., Maintaining the newly opened accounts with error free due diligence report for all transactions., Educating the team members with latest circulars and adhering to the laid down guidelines as per banks norms., Executing error free transaction and provided efficient customer service.

Date of Birth: 12/04/1990

Permanent Residence - Porur Chennai