SUBODH KR NAYAK
MUMBAI
Summary
Skilled Regulatory Compliance Specialist with extensive experience in providing comprehensive regulatory guidance across various business structures and transactions within the domain of Trade/FEMA (Foreign Exchange Management Act). Adept at reviewing intricate product and process notes, ensuring regulatory adherence from a meticulous standpoint. Proficient in interacting seamlessly with regulators, seeking clarifications on guidelines, and representing business proposals for regulatory approval.
Overview
8
8
years of professional experience
Work History
Senior Manager
Canara Bank
Mumbai
08.2016 - Current
- Providing regulatory guidance on various business structures and transactions pertaining to Trade/FEMA.
- Reviewing various product and process notes pertaining to Trade/FEMA from a regulatory point of view.
- Regularly interacting with the Reserve Bank of India (RBI) regarding special approval or ad-hoc cases, guiding clients on the preparation of customer letters and reviewing drafts before submission to the bank.
- Implementation of latest regulations.
- Ensuring that the action points from the latest regulations are shared with the concerned stakeholders and the same are implemented within regulatory prescribed deadlines or within suitable time in absence of any regulatory prescribed deadlines.
- Providing comprehensive support and guidance to clients and intermediaries on pre-transaction and non-transaction related FEMA queries.
- Assisting clients in completing regulatory forms accurately and efficiently, ensuring compliance with FEMA requirements.
- Creating standardized protocols, templates, and ready reckoners to facilitate the submission of documents for current account and capital account transactions, thereby increasing compliance and efficiency.
- Updation of Manual of Instruction on Forex for Bank.
Education
CERTIFICATE IN INTERNATIONAL TRADE FINANCE - INTERNATIONAL TRADE FINANCE
Indian Institute of Banking And Finance
MUMBAI09-2023
FOREIGN EXCHANGE OPERATIONS BY FEDAI - ]
Indian Institute of Banking And Finance
MUMBAI08-2023
CAIIB - Banking And Financial Support Services
Indian Institute of Banking And Finance
MUMBAI07-2019
JAIIB - Banking And Financial Support Services
Indian Institute of Banking And Finance
Mumbai12-2018
Bachelor of Arts - Economics
Hansraj College,University of Delhi
Delhi07-2013
MBA - International Trade Management
NMIMS
MumbaiSkills
- Resource Allocation
- Partnership Development
- Talent Development
- Documentation and Reporting
Timeline
Senior Manager
Canara Bank
08.2016 - Current
CERTIFICATE IN INTERNATIONAL TRADE FINANCE - INTERNATIONAL TRADE FINANCE
Indian Institute of Banking And Finance
FOREIGN EXCHANGE OPERATIONS BY FEDAI - ]
Indian Institute of Banking And Finance
CAIIB - Banking And Financial Support Services
Indian Institute of Banking And Finance
JAIIB - Banking And Financial Support Services
Indian Institute of Banking And Finance
Bachelor of Arts - Economics
Hansraj College,University of Delhi
MBA - International Trade Management
NMIMS
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