SACHIN J. WAGHELA
Bhayander
Summary
Result-oriented professional offering 19 years of experience in Financial Operations, Trade Finance Operations, Internal Audit; poised for leadership assignments with an organization of repute; preferably in Financial Sector
Overview
19
19
years of professional experience
1
1
Certification
Work History
Assistance Vice President - II – Inspection & Audit
Indusind Bank Limited
Mumbai
01.2023 - Current
- Independently managing internal audit assignments in Corporate Global Market Operations (CGMO) viz
- Foreign and Domestic Trade verticals, Swift, IBU Gift City, AML (TBML)
- Performing RBS Tranche III Testing & submitting results to RBI
- Conducting Snap Audit based on correspondence received from Regulatory Authorities (ED, RBI etc.)
- Conducting Offsite Branch Audits for Trade Desk and CGMO Branches
- Oversight of concurrent audit of Trade Finance and other areas under the domain of CGMO audit vertical in IAD which includes ensuring timely release of all reports, regular update of checklists, timely follow up and resolution of open issues
- Conducting the internal audits in a time-bound manner as per the approved Risk Based Audit Plan, Internal Audit Policy and Internal Audit Process and documentation of audit work-papers/records
- Conducting monthly and quarterly trainings for team members and cross functional learning
- Participating in periodic audit committee meetings and sharing methods to streamline the performance of the units
- Preparing, reporting & documenting various dashboards & performance matrix to the audit management committee
- Developing exceptions reports for effective use in various audits
Senior Manager – Internal Auditor/Trade Finance Operations
Axis Bank Limited
Mumbai
01.2011 - 04.2023
- Independently managing internal audit assignments in Wholesale Trade Operations (WTO) viz
- Foreign and Domestic Trade verticals, Swift, DP Operations, Cash Management Services, Snap Audits
- Career path: Senior Manager : Nov 2019 to Apr 2023: Independently managing internal audit assignments in Wholesale Trade Operations (WTO) viz
- Foreign and Domestic Trade verticals, Swift, DP Operations, Cash Management Services, Snap Audits
- Senior Manager: Apr 2014 to Nov 2019: Manager : Jan 2011 to Nov 2014 Trade Finance Operations (LC, BG, A1/A2 Remittances, Advance Import Remittances, Buyers Credit, Forward Contract Operations), Automation, Project Management, Team Management, TAT & SLA, Customer satisfaction
Manager – Trade Finance Operations
Kotak Mahindra Bank Limited
Mumbai
04.2008 - 11.2010
Assistant Manager – Trade Finance Operations
HDFC Bank Limited
Mumbai
11.2006 - 04.2008
Team Member – WHEM Trade Operations
JPMorgan Chase Services (I) Pvt. Ltd.
Mumbai
01.2006 - 10.2006
Education
E.M.BA. - Finance
Indian Institute of Business Management Studies
Mumbai, Mumbai01.2009
Bachelor of Commerce - Hon.
D.G. Ruparel College of Arts, Science & Commerce
Mumbai, Mumbai01.2002
Skills
- Internal Control & Auditing
- Risk Management & Compliance
- Process Mapping/ Improvement
- Statutory & Internal Compliance
- Trade Finance Operations
- MIS/ Management Reporting
- Mentoring
- Continuous Learner
- Team Player
- Change Agent
- Collaborator
- Communicator
- Innovator
- Planner
- Thinker
Certification
- CERTIFIED INTERNAL AUDITOR (CIA), Currently pursuing, IIA
- AML & KYC Certification course, IIBF, 08/01/19
- DALE CARNEGIE’s training on “YOUR INFLUENCE & IMPACT” (Basic), AXIS BANK, 10/01/16
- DALE CARNEGIE’s training on “YOUR INFLUENCE & IMPACT” (Advanced), AXIS BANK, 07/01/17
- FEDAI Workshop on International Trade, Bank of Baroda, 10/01/15
- CDCS (Certified Documentary Credit Specialist), IFS School of Finance, 10/01/15
Languages
- English
- Hindi
- Marathi
- Gujarati
Projects
Tested & Implemented STP (Straight Through Processing) of Forward Contracts, Elimination of Maker and Verifier level – Axis Bank Execution & Implementation of JOCATA System (TBML Alerts), RFI Mapping (both online and offline) for Advance and Direct Import Remittances as per regulatory requirement – Axis Bank
Personal Information
Date of Birth: 06/23/81
Accolades
- Outstanding Performance for the year 2017-18, Rewards & Recognition Ceremony held in RUSSIA tour – Axis Bank
- Zing Star of the Quarter, For achieving highest productivity for Oct’06 – JP Morgan Chase
Languages
English
Advanced
C1
Timeline
Assistance Vice President - II – Inspection & Audit
Indusind Bank Limited
01.2023 - Current
Senior Manager – Internal Auditor/Trade Finance Operations
Axis Bank Limited
01.2011 - 04.2023
Manager – Trade Finance Operations
Kotak Mahindra Bank Limited
04.2008 - 11.2010
Assistant Manager – Trade Finance Operations
HDFC Bank Limited
11.2006 - 04.2008
Team Member – WHEM Trade Operations
JPMorgan Chase Services (I) Pvt. Ltd.
01.2006 - 10.2006
E.M.BA. - Finance
Indian Institute of Business Management Studies
Bachelor of Commerce - Hon.
D.G. Ruparel College of Arts, Science & Commerce