Kiran Avhad
Thane
Summary
Accomplished banking professional with a proven track record at HSBC and DBS Bank, adept in regulatory compliance and process enhancement. Excelled in managing cross-border payments and leading teams, demonstrating adaptability and a goal-oriented mindset. Expertise in Excel and project management, significantly contributing to operational efficiencies and compliance adherence.
Overview
10
10
years of professional experience
Work History
Analyst
DBS Bank
Mumbai
08.2022 - Current
- Implemented overseas Vostro payment handling systems.
- Executed thorough verification of FCGPR for DBS clients, as per FEMA requirements, on the RBI portal.
- Adhered to FEMA and RBI regulations for cross-border payments periodically.
- Handling a team of six people.
- Reconciliation of internal accounts.
- Contributed to effective transition of accounts in the merger between Laxmi Vilas Bank and DBS.
- Perform UATs for various scenarios during the merger and other production defects to provide comfort for go-live.
- Managed cross-border inward payments and the regulatory team for the capital account.
Manager
HSBC Bank
Mumbai
09.2018 - 08.2022
- DEPT – Cross-Border Remittances.
- Processing cross-border wire transfers.
- Primary responsibility for checking the purpose of remittance as per FEMA (Foreign Exchange Management Act) for all cross-border payments.
- Checking FDI/FCTRS declarations for capital account transactions.
- Submission of the fortnightly transaction report to the RBI (R-RETURN report).
- Tracking clients' purpose clarification emails and processing the remittances within the given TATs.
- Deft knowledge of SWIFTs used for inward/outward telex transfers.
- Handled the verification of high-value payments with the original instruction to avoid any financial discrepancies.
Senior Process Associate
Tata Consultancy Services Limited (TCS)
10.2014 - 08.2018
- Handling Operations for Citibank
- Primary responsible for movement of funds between local and foreign currency accounts of the clients (Individual and Corporate) and bank to bank transactions through various modes of payments
- Processing cross border wire transfers via RTGS and NEFT mode
- Preparing monthly Cross Border Wire Transfer reports which needs to be submitted to RBI
- Reconciliation of Accounts
- Issuing FIRCs for capital account transactions
Education
MBA - finance
N.L.DALMIA BUSINESS SCHOOL
Mumbai01.2020
T.Y. Bcom -
NATIONAL COLLEGE
Mumbai01.2013
H.S.C -
NATIONAL COLLEGE
01.2010
S.S.C -
OLV high school
01.2008
Skills
- Goal-Oriented Mindset
- Adaptability in Challenging Situations
- Regulatory compliance
- Process enhancement
- Excel proficiency
- Decision-making
- Information gathering
- Project management
Languages
- English
- Hindi
- Marathi
Hobbies and Interests
Playing outdoor game
Otherqualifications
- Achieved certification for certified course in Foreign Exchange conducted by IIBF.
- Operating System: Windows 10.
- Well versed with MS Office 2010 (MS Word, MS Excel, MS PowerPoint).
- Computer Certification course with ‘A’ grade.
Personal Information
- Father's Name: Anand R. Avhad
- Date of Birth: 05/17/92
- Gender: Male
- Nationality: Indian
- Marital Status: Married
Timeline
Analyst
DBS Bank
08.2022 - Current
Manager
HSBC Bank
09.2018 - 08.2022
Senior Process Associate
Tata Consultancy Services Limited (TCS)
10.2014 - 08.2018
MBA - finance
N.L.DALMIA BUSINESS SCHOOL
T.Y. Bcom -
NATIONAL COLLEGE
H.S.C -
NATIONAL COLLEGE
S.S.C -
OLV high school
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