SUMIT KUMAR SINGH

Headed Hebri Branch (DP 2502) form July 2021 to May 2022. Currently working as 2nd line manager in the same branch.

Headed the Sabour branch (DP 4948) form April 2019 to July 2021

FOREX DEALING ROOM (AUGUST 2015 TO SEPT 2016)

DUTIES PERFORMED

• Forex Funds Management
• Preparation of Daily Fund Position
• Preparation of Daily ALM Sheet
• Placement of surplus funds with different Bank's for O/N or Longer tenure as per the need.
• Funding of Nostro accounts.
• Covering of GAP position (Over bought or over sold) of currencies other then USD by doing SWAP deals.
• Identified and evaluated market opportunities and risks and executed arbitrage deals.
• Conducted detailed technical and fundamental market analysis, and performed risk management.
• Stayed-up to date with current market trends and pro-actively participated in weekly team meetings.
• Delivered expert analysis of market conditions by gathering key data, analyzing trends, creating reports and offering comprehensive evaluations.
• Identified market leaders by utilizing and analyzing data from technical tools
• Assessed hourly market conditions to look for arbitrage opportunities..
• Created daily market recaps and profit and loss information t at close of each trading day.
• Analyzed financial data

FOREX SETTLEMENT SECTION (JUNE 2014 to AUGUST 2015)

DUTIES PERFORMED

• Confirmation with counterparty of FX Deals done by front office
• Settlement of forex transactions done by the front office.
• Sending SWIFT / RTGS messages to settle the deals done outside CCIL
• Checking of Deal Tickets with RMDS.
• Discrepancies, if any, observed in the particulars of the deals with those furnished in broker’s notes are brought to the notice of concerned dealers and correc­tive action is taken
• Statement giving broker-wise summary of deals put through during the month and brokerage payable to each broker are generated on computer/prepared manually at the end of each month.
• Forex hourly rates (both for major currencies and exotic currencies) are prepared/generated by computers to undertake random checks of some deals with reference to those rates to find out any significant variations in the rates quoted for those deals.
• Verification of deals as per dealer’s pad and those recorded in Position Book is done at the end of day
• Preparation of Rate scan.

NOSTRO RECONCILIATION SECTION (SEPT 2016 to APRIL 2019)

DUTIES PERFORMED

• Monitoring of all Nostro & Mirror Transaction (Nostro Debit/Credit & Mirror Debit & Credit)
• Reconciled various Nostro accounts with accounting platforms
• Reconciled the Trades between Front Office and Back Office trading and settlement systems
• Appropriate investigation and assignment of breaks to Operations teams for resolution
• Ensured that the ageing of breaks and write-offs are in line with the corporate accounting policies
• Ensured that all breaks are highlighted on a daily basis and aged appropriately
• Follow-up for resolution and escalation of aged breaks with Core Operations & Middle Office
• Detailed MIS and trend analysis of open items and ageing
• Work closely with user groups to enhance service experience
• Played a vital role in increasing the auto matching percentage of reconciliation.

Worked as credit officer. Handled large borrowal account (LBA) portfolio of the branch.

Worked as officer in branch form Feb 2012 to June 2012 handled miscellaneous supervisory work of the branch.

Worked as credit officer in SME Sulabh Chandigarh.

DUTIES PERFORMED

• Review loan requests
• Assess clients’ financial status
• Evaluate creditworthiness and risks
• Contact clients to gather financial data and documentation
• Analyze risks and approve or reject loan requests
• Calculate financial ratios (e.g. credit scores and interest rates)
• Set up payment plans
• Maintain updated records of loan applications
• Follow up with branches about loan renewals
• Monitor progress of existing loans

Worked as credit officer in SME Sulabh Karnal.

DUTIES PERFORMED

• Review loan requests
• Assess clients’ financial status
• Evaluate creditworthiness and risks
• Contact clients to gather financial data and documentation
• Analyze risks and approve or reject loan requests
• Calculate financial ratios (e.g. credit scores and interest rates)
• Set up payment plans
• Maintain updated records of loan applications
• Follow up with branches about loan renewals
• Monitor progress of existing loans