KARIM MERCHANT
Senior Assistant Manager in banking
Mumbai
Summary
Results-driven liquidity manager with a proven track record in optimizing liquidity positions for Products and Sales teams. Expertise in analyzing liquidity needs, identifying potential funding sources, and developing tailored liquidity strategies that yield measurable outcomes. Proficient in leveraging various financial instruments, including cash management, time deposits, notional pooling, and credit interest optimization, to deliver customized solutions aligned with client objectives. Committed to enhancing financial efficiency and supporting business growth through strategic liquidity management.
Overview
13
13
years of professional experience
3
3
Languages
Work History
Senior Assistant Manager
Citigroup
Mumbai
01.2015 - Current
- - Subject matter expert in cash and liquidity products like Sweeps, Pools, ICL, Netting, Investment sweeps
- - Managing migration of liquidity management (LM) operations from Citi Singapore to Citi India and leading change management process implementation
- - Managed team including 10 members for smooth day-to-day operations and end-to-end processing of high-volume liquidity transactions
- - Dealing with Implementation team for meeting client expectations
- - Partnered with key stakeholders to create compelling proposals for large banks in US
- - Point of contact for all Implementation team for all Liquidity product
- - Implemented best practices and process improvements to optimize workflow and resource allocation
- - Mentored and coached team members to enhance performance, productivity, and professional growth.
- - Prepared and presented reports to senior management, highlighting key insights and recommendations.
- - Understand various payment/reporting message formats (SWIFTT MT101 ,MT103 ,MT940 ,MT942
- - Repaired daily, weekly, and monthly Nostro reports to reconcile nostro account balances with corresponding bank accounts
- - Monitored changes in regulatory requirements and industry best practices to ensure ongoing compliance with evolving regulations
- - Metrics and KPIs to identify areas for improvement.
- - Liaise and work with onshore implementation and service team on all documentation that covers new/sub-account opening, account closure
- - Co-ordinate with internal teams for onboarding clients for Liquidity product
- Collaborated with cross-functional teams to drive business objectives and ensure project success.
- Attained expert level of product knowledge, becoming go-to person for major queries and giving timely solutions.
- Increased team productivity by implementing streamlined processes and procedures.
Team Member
JP Morgan
Mumbai
01.2013 - 01.2015
- - Proficiency in SWIFT payment processing, including MT103 and MT202 messages
- - Ability to analyse complex payment instructions and resolve issues efficiently
- - Knowledge of regulatory requirements and industry best practices in payment operations
- - Played a key role in trade finance operations, with a focus on SWIFT payment processing for trade loans.
- - Worked closely Treasury to get the rates for Trade Loan
- - Managed trade supply chain finance activities, including inventory financing, supplier financing, and other trade finance solutions
- - Attention to detail and accuracy in transaction processing.
- - Excellent communication and collaboration skills.
- - Mentored and trained junior staff members on Trade BOD reporting processes and best practices.
Education
Bachelor in Commerce - Banking and Insurance
Mumbai University
01.2013
Skills
- Liquidity management
- Liquidity management
- Trade Risk Selling
- Nostro account reconciliation
- Cross Border Sweep Setup
- Multibank sweep management
- Real-time payment processing
Operations management
Problem-solving
Time management
Team motivation
Team leadership
Adaptability and flexibility
Verbal and written communication
Multitasking and organization
Awards
Recognition received from Management for the seven days sweep project, Awarded for the smooth migration of liquidity management process from Citi Singapore to Citi India.
Timeline
Senior Assistant Manager
Citigroup
01.2015 - Current
Team Member
JP Morgan
01.2013 - 01.2015
Bachelor in Commerce - Banking and Insurance
Mumbai University
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