SAI NITESH PERUMANDLA

Role- Business Analyst – Leading International Bank - SCPAY(DEC 21 to Present)

Project : MT/MX Transformation(ISO 20022)

Description: Money transfer system is payments processing application for domestic and international payments. Which has connectivity with SWIFT and domestic clearing this enables financial institutions and their business customers to manage and process payments, and transfer funds in local and international environments in a cost-effective, secure and reliable way

● Doing requirement gathering for new functionalities.

● Giving walkthrough of new functionalities to business users, preparing user manual & process flow documents.

● Doing gap analyses & Impact analysis for the requirement.

● Worked with other Scrum masters and project managers to manage any interdependencies.

● Complete ownership of handling the project.

● Worked with vendor (ACI) for the issues identified in SIT and UAT.

● Participating in operational committee meeting and PWG.

● Understanding scope and business requirement.

● Co-ordinating with bank users for status on UAT execution

ICICI BANK – Projects Team | UAT Testing | Automation

Project Management: Understand functional flows and business needs, testing of enhancements and defect validation, creation and Execution of test cases. Identifying and implementing process improvement as well as contributing to ongoing change projects impacting the team

Risk Management: Identification, mitigation, escalation and reporting of potential/current risks

Stakeholder management: Engaging with stakeholders across multiple business units including Product team, risk management, business Team and IT developer to capture requirements and communicate status of data quality initiatives

Projects Handled in Current profile:

Project Name: Neo Trade System

Project Description: Currently part of ICICI Projects team working in development and implementation of Trade Finance Project - Neo Trade System being developed in AGILE methodology. Neo Trade System is a specialized solution designed to service the complete trade services suite as per ICICI Bank trade products portfolio in India and overseas. In this project everything to be automated within transaction by replacing core banking processes with new solution and real-time integration with various related applications like

• Settlement of Bill of Entry (BOE) with IDPMS application along with transaction.
• Deal Booking in the transaction through integration with Fx solutions.
• Utilization of Deal with Direct Rates Application (DRA) integration.
• Accounting is done in NTS through integration with Finacle
• Name screening tab enabled in NTS with integration through Amlock and many more.

Project Status: This Project has gone Live with Outward Remittances Module on September 2019 and Bank Guarantee module on February 2020 and more than 5 lakh transactions processed smoothly. Imports Module is in Pre- Production testing phase and Export Module is under development.

Project Name: Trade online Implementation and Integration with NTS

Project Description: Trade Online is an online platform where the corporate raise trade transactions without having to visit the branch at their own ease. Bank intend to make the Trade related requests online using the Trade Online platform for Corporate Users. Once the case is initiated by client on TOL, Work item's created in NTS system through Field mapping and by executing all applicable integrations (similar to INITIATION work step) and all branch validations (similar to INITIATION work step) after TOL, and in case of any gap/validation failure, the track to be routed to TOL Actionable Queue instead of Scrutiny Maker.

Post completion of the transaction, NTS reference ID will be auto tagged to the TOL track i.e. to flow back to TOL and Mail and SMS communication will be sent to customer.

Project Status: This Project has gone Live and received Customer applause for Fast and efficient transaction processing with real time communications exceptionally during COVID Lockdown.

ICICI BANK – Operations Team | Outward Remittance Job Profile: Trade Finance Operations

Roles and Responsibilities:

• Worked in Outward Remittances Unit and responsible for Scrutinizing of documents, Lodgment of Bills and Realization of Payments in Finacle for Below Products.
• Clean Outward Remittances.
• Advance Import Payment.
• Direct Import Payment.
• Import Bills under Collection.
• Import Bills under Documentary Credit.
• Regularization of export bill against advance.
• Experienced in SWIFT and handling Foreign Bank Queries - MT103, MT202, MT202cov, MT999, MT199, MT101, MT110, etc.
• Acquired good working knowledge of RBI guidelines, AML, KYC, OFAC, FATF and FEMA, UCP600, URC 522 and URDG pertaining to Trade Finance.
• Knowledge in ACU Mechanism, NOSTRO and VOSTRO Accounting.
• Proposed and Implemented Quest for Quality Projects, which has improved quality of processing transactions and Contributed to Process Instructions for better process efficiency and internal control for reduction in financial risk and identification of redundancy.
• Has extensive knowledge of Swift requirements by foreign bank like, BIC code, IBAN Number, ABA routing number, Sort Code, CNAPS Code, BSB Code etc.

Projects Handled:

Project Name: Outward Remittance – Post Transaction Validation utility

Project Description: Post transaction utility dashboard is designed for all outward remittances products MDC, SMI, SMT and MFCR from MIS 612 to check High Value and Delay Payments, Special Sector, MTT,ACU, OFAC, FATF transactions etc. for reducing transaction errors and Audit Reporting.

Project Status: This Project has gone Live and efficiently reduced errors.

Project Name: Auto-Closure Functionality in Swift Queue

Project Description: Outward Remittance requests or track flows to various processing queue like Scrutiny, Fin- Maker, Fin-Checker, Swift-maker & Swift-checker in Omni flow Application. After submitting the tracks from "Fin Check" queue, Track moves into the "Swift Make" queue. Auto swift transactions with low threshold values to be closed automatically by checking the status "Network Ack" in Swift Alliance without manual intervention.

Project Status: This Project has gone Live and reduced 40 Man hours per Day.

Project Name: MSWIFT Application

Project Description: In order to reduce the cost associated with Swift Alliance Login ID’s and maintenance

of these Login ID’s, bank needs to explore alternative applications/interface. MSWIFT is one such alternative explored by the bank for releasing MT103 and MT202 messages.

Project Status: This Project has gone Live and functioned well.