Rahul Gaurav
Backend Operations Professional
Mumbai,Maharashtra
Summary
- A performance-driven professional nearly 7 years of experience in Corporate Banking and Trade Finance across Banking industry
- Experience in managing the end-to-end process of Letter of Credit transactions, from opening to settlement; deep understanding of the different types of LCs, such as documentary, standby, and transferable LCs, and their specific requirements
- Possess extensive knowledge of LC documentation, including commercial invoices, bills of lading, packing lists, insurance certificates, and inspection certificates; capability to interpret and understand the rules and guidelines of international trade finance, including UCP 600, ISBP, URR, and URC
- Experience in performing various LC peripheral work such as issuance, advising, amendment, bill lodgment, bill discounting, and settlement; skilled in processing and managing discrepancies, providing prompt and accurate responses to client inquiries, and ensuring timely and accurate execution of transactions
- Deep understanding of various trade products, such as Letter of Credit & Bank Guarantees
- Familiar with SWIFT messages related to trade finance, including MT202 & MT103
- Hands-on experience in using trade finance systems such as Flex cube, Finacle, and other similar platforms
- Strong sense of compliance & ethics and adhere to regulatory and internal policies and procedures; experience in conducting due diligence on clients and transactions, identifying and reporting suspicious activities, and complying with anti-money laundering (AML) and know-your-customer (KYC) regulations
- Proficient in communicating & coordinating with various stakeholders-clients, banks, shipping companies, customs, and regulatory authorities; experience in managing and mentoring team of trade finance professionals
Overview
7
7
years of professional experience
6
6
years of post-secondary education
1
1
Certification
2
2
Language
Work History
Assistant Manager
JSW One
Mumbai
11.2022 - Current
- Conceptualizing Trade Finance Policy & Banking Guidelines as per company requirement and banking framework; introducing operationally efficient & market driven Trade Finance structures; improved service delivery by automating all Trade Finance and support function processes
- Identifying the pricing & managing risks in assigned portfolio through extensive research on inter-bank market and trade transactions risk premiums; identifying solutions for Trade Finance through due diligence appraisals of banks
- Educating the buyer on the LC transaction process, related rates, and required paperwork
- Sharing a formal approval for the intended buyer's business to proceed, backed by LC
- Acknowledging the PO only after the buyer has approved the LC draft, charges, and documents
- Comparing LC drafts to our standard set of terms, and pointing up differences to the appropriate salespeople and the customer
- Making a cover letter for LC documents and bill of exchange paperwork
- Examining the documents requested by the LC, and dispatching them after confirmation
- Managing bill discounting, detecting discrepancies, and approving them if any exist
Information Processing Specialist
Tata Consultancy Services
Mumbai
03.2020 - 11.2022
- Completed all associated transactions, such as LC advising, LC issuance, amendment, reimbursement, payment, acceptance, and L/C closure
- Issued the LC as requested by the client, verified the LC's legitimacy and informed the buyer
- Checked LC terms in accordance with UCP in documentary credit and trade documents to ensure compliance
- Processed claim reimbursement and export payment settling
- Conducted all transactions and matters associated with LC Issuance/Advising, Modifications, Settlements, Closing, in accordance with all rules, processes, local laws, and regulations
- Worked together to process and discuss their LC documentation, discrepancies, and payments/charges, in order to provide the client with seamless services within the specified TAT
- Managed a team of eight employees while keeping tabs on their daily activities
- Effectively worked on SWIFT messages MT202 & MT103
Deputy Manager
HDFC Bank
Mumbai
08.2019 - 03.2020
- Performed a four-eye check of each event's bill that was entered
- Examined and verified the letter of credit application
- Approved the letter of credit agreement entered into the system
- Issued Foreign and domestic letter of credit
- Marked acceptance against the documents upon confirmation
- Managed all SWIFT messages about LC bills that came in from foreign banks
- Coached, trained, and motivated new hires by providing instruction and direction
Assistant Manager
Axis Bank
Mumbai
07.2016 - 08.2019
- Managed letters of credit from overseas
- Created SWIFT messages 700, 707, 740, 747, 799, and 999
- Performed mails and calls from customers with questions Advice about exporting LC
- Recommended SWIFT entry for Export LC input in FINACLE
- Verified and sorted SWIFT message for exported LC
- Packed, sent, and monitored messengers; letters of notification to customer Coordinated with branch for any queries.
Education
Post Graduation Diploma - Banking & Finance
08.2015 - 06.2016
Bachelor of Commerce - Computer Application
05.2008 - 06.2011
Intermediate -
04.2007 - 03.2008
Matriculation -
04.2005 - 03.2006
Skills
Forward-focused
Interpersonal Communication
People Management
Decision Making
Staff supervision
Operations management
Training
Certification
Six Sigma Green Belt Certification, Reducing SPT for Trade & Guarantees, Mumbai
Accomplishments
- 2021: Received Gold Armor Award from TCS, Mumbai for nil errors as checker.
- 2018: TxBO Productivity Contest by Axis Bank, Mumbai, visited Thailand for highest productivity PAN India report as Maker.
Timeline
Assistant Manager - JSW One
11.2022 - Current
Six Sigma Green Belt Certification, Reducing SPT for Trade & Guarantees, Mumbai
08-2022
Information Processing Specialist - Tata Consultancy Services
03.2020 - 11.2022
Deputy Manager - HDFC Bank
08.2019 - 03.2020
Assistant Manager - Axis Bank
07.2016 - 08.2019
Bombay Stock Exchange Institute Limited - Post Graduation Diploma, Banking & Finance
08.2015 - 06.2016
IPS Academy - Bachelor of Commerce, Computer Application
05.2008 - 06.2011
M.G.M.H.S.School - Intermediate,
04.2007 - 03.2008
M.G.M.H.S.School - Matriculation,
04.2005 - 03.2006