Somya Jena

• Developed and implemented comprehensive trade compliance policies and procedures, achieving full compliance with applicable laws and regulations.
• Conducted rigorous audits and assessments, successfully identifying and mitigating potential compliance risks, resulting in a notable 30% reduction in violations.
• Collaborated with cross-functional teams, providing expert guidance on export and import regulations, leading to a remarkable 20% increase in operational efficiency.
• Spearheaded training programs and workshops to educate employees on trade compliance best practices, contributing to the establishment of a robust compliance culture.
• Played a key role in transaction filtering and enhanced due diligence, reviewing and approving trade payments within established delivery standards and operational procedures.
• Utilized advanced tools such as Fircosoft MB trade screening, Flex cube, BPM, GTS Matrix, IBPS, and other internal name screening applications to prevent unusual transactions in the system.

• Experience in trade finance operations involving export related transactions, documents under letter of credit, pre-shipment

finance, post-shipment finance, bills under collection,

• Administrative the verification of all trade finance products includes letter of credit(LC), documentary collection, remittance, reimbursement.

• Preparing and verifying SWIFT (series, payments) message for customer and banks.

• Using the checklist to monitor and control compliance basis anti-money laundering (AML) & sanction for Trade service transactions on daily basis.

• Handling audit for internal and external process related to bills and discounting.

•Analyzing and resolving technical and compliance issues that threaten turnaround time (TAT) of the product.

• Ensuring conformity with Enhance due diligence and rules of OFAC and FATF standards and ensure findings or issues are escalated to SANCTION COMPLIANCE team where appropriate and get their approval before proceeding with transactions.

• Additional technical skills with Finacle 7x and 10x, MS office and SWIFT application.

• Handled customer portfolio in all trade related transactions and worked to find a way to outperform our competitors and maintain organization's positive image.