FINACLE
RAJESH KUMAR SAHOO
TRADE AND FOREX COMPLIANCE MANAGER
BHUBANESWAR
Summary
Graduated in Computer Science and Engineering, with Post Graduate Diploma in Banking Service and have around 7.5 years of extensive experience in the area of Domestic and International Trade and forex with digital payment solutions and Business Process Analysis, Process Optimization, implementation, another important responsibility will be performing ongoing customer due diligence including maintenance and updating of AML and KYC records for existing clients.
Overview
7
7
years of professional experience
7
7
Certificates
3
3
Languages
Work History
WHOLESALE BANKING OPERATION SERVICE HUB MANAGER
AXIS BANK LTD
BHUBANESWAR
04.2021 - Current
- Assist in the development and implementation of a centralized KYC/AML ownership protocol and End to end management of client KYC process including liaison across the business, compliance and operations.
- Evaluate risks related to requirements implementation, testing processes, project communications, and training saving the company’s cost.
- Analyze client’s business requirements and processes through document analysis, interviews, workshops, and workflow analysis
- Conducted detailed and comprehensive business analysis by working with other BAs, IT developers, end-users, in order to identify system and operational requirements and improvements.
- Analyzed and documented business requirements, functional requirement and business process models for better understanding of the business process.
- Provided knowledge transfer for all systems and processes, trained others including technical and functional staff and end-users
WHOLESALE TRANSACTION OPERATION DEPUTY MANAGER
AXIS BANK LTD
BHUBANESWAR
04.2018 - 03.2021
- Single point of contact for operations, of export & import transactions and having complete ownership of trade and forex customers for all their transnational & other resolving queries and discrepancies in the transaction by coordinating with customer and ensuring seamless processing of transactions from end to end.
- Ensuring compliance with all regulatory and statutory requirements as relevant for various product and services. Responsible for smooth day to day operation of trade related activities through active coordination and control. Verifying transactions as per the agreed service standards & approved procedures.
- Highlight any internal errors committed by the team & take necessary action and escalate any issues/complaints to the business head in a timely manner. Highlighting discrepancies in the trade transactions and getting the same resolved by coordinating with Branches, Relationship managers, and Product and sales managers.
- Coordinating with multiple customer for FX deals -Forward contracts to cover Risks and close or rollover FWD deals as per business requirements.
- Participated in continuous improvement by generating suggestions, engaging in problem-solving activities to support teamwork.
- Increased customer satisfaction by resolving issues.
- Worked with customers to understand needs and provide excellent service.
TRANSACTION BANKING OPERATION ASSISTANT MANAGER
AXIS BANK LTD
BHUBANESWAR
12.2014 - 03.2018
- Handling Import and Export transactions under Collections and LC.
- Issuance Of Bank Guarantees & Letter of Credit (Both Inland and Foreign).Handling domestic bills under collection and letter of credit and local bill discounting.
- Handling Current a/c transactions other than Import and Export also Handling of Capital account transactions like ECB, ODI, FDI, DIVIDENT PAYMENT, Buyer’s Credit.
- Good knowledge on Regulatory requirements with respect to Trade products like Buyers Credit and Merchant Trading
- Providing banking solution to the rising needs of the customer such as NRIs for opening NRE, NRO and FCNR accounts and providing right solutions for the products and services rendered in bank. Handling of Retail transaction.
- Carried out day-to-day duties accurately and efficiently.
- Created spreadsheets using Microsoft Excel for daily, weekly and monthly reporting.
- Offered friendly and efficient service to customers, handled challenging situations with ease.
- Worked to maintain outstanding attendance record, consistently arriving to work ready to start immediately.
- Developed team communications and information for meetings.
- Participated in continuous improvement by generating suggestions, engaging in problem-solving activities to support teamwork
Skills
Digital banking products and services
Managing service operations
Banking operations knowledge
Banking services knowledge
Managerial skills
Communication
Core Banking
Customer service skills
Business Analysis Process
FEMA,UCP, URC, URR, ISBP, INCOTERMS
Software
INTELLECT
TRADE AX
FX CONNECT
CMS PROFOND
ARC
SWIFT ALLIANCE
EPH
TRADE PORTAL
XMM
MICROSOFT EXCEL
Certification
NISM Series V-A Mutual Fund Distributors Certification Examination
Accomplishments
- Winner in Brave Heart Series from last 2 years for implementing 6 projects which minimize the cost of the organization in an In house project .
- warded for Excellence towards teamwork and commitment from Management.
- Recognized as a Best Maker and verifier for couple of months from 2019- 2020 and 2020-2021.
- Implemented trade online portal which helps to reduce the timing in internal authorization,Which helps Treasury team to support greatly to process trade transactions in this COVID-19 Pandemic.
Education
1OTH STANDARD -
BOARD SECONDARY EDUCATION
ODISHA12TH STANDARD -
COUNCIL HIGHER SECONDARY EDUCATION
ODISHAB.TECH COMPUTER SCIENCE - COMPUTER SCIENCE AND ENGINEERING
BIJU PATTNAIK UNIVERSITY TECHNOLOGY
ODISHAPOST GRADUATE DIPLOMA BANKING SERVICES -
MANIPAL UNIVERSITY
BANGALORETimeline
WHOLESALE BANKING OPERATION SERVICE HUB MANAGER
AXIS BANK LTD
04.2021 - Current
WHOLESALE TRANSACTION OPERATION DEPUTY MANAGER
AXIS BANK LTD
04.2018 - 03.2021
TRANSACTION BANKING OPERATION ASSISTANT MANAGER
AXIS BANK LTD
12.2014 - 03.2018
1OTH STANDARD -
BOARD SECONDARY EDUCATION
12TH STANDARD -
COUNCIL HIGHER SECONDARY EDUCATION
B.TECH COMPUTER SCIENCE - COMPUTER SCIENCE AND ENGINEERING
BIJU PATTNAIK UNIVERSITY TECHNOLOGY
POST GRADUATE DIPLOMA BANKING SERVICES -
MANIPAL UNIVERSITY