Vasantha Kumar Gudipati
Bangalore
Summary
Seasoned Trade Service Associate with a proven track record at HSBC EDPI Pvt Ltd, specializing in documentary credits and workflow planning. Demonstrated expertise in enhancing compliance with RBI guidelines and international trade regulations. Skilled in leading teams to exceed SLAs through strategic prioritization and process improvements, achieving top-tier customer satisfaction and operational excellence.
Overview
14
14
years of professional experience
Work History
Trade Service Associate
Wells Fargo International Solutions Pvt Ltd
Bangalore
12.2023 - Current
- Document Credit Scrutiny as an Individual contributor
- Performing the role of Document Checker for Export & Import side checking of docs adhere to guidelines & rules in line with UCP, ISBP
- SWIFT message handling
- Screening the parties in documents to make ensure it is being in line with the Sanction Policies
- Ensuring Transactions checked for AML, Red Flags & Boycott Perspective
- Ensuring Transactions completed within Agreed TAT and there by meeting SLA
- Responsible for smooth flow of day to day activities
- Markets Handling: - Clients from USA, London, South Korea, Hongkong, Shanghai & Singapore
Team Manager
HSBC EDPI Pvt Ltd
Bangalore
08.2016 - 11.2023
- Managing Document Checking and Bill Recording Team:
- Checking Exports and Imports documents for India, Europe, US and Canada regions
- Refuting discrepancies and sending MT 734 refusal advices
- Bills recording, approving, Creating MT742, MT799, MT999 and MT103 manually based on the status of the document after doc exam
- Financing/Discounting the documents based the customer requests
- Handling Lc Issuance, Amendments, Advising and Collections
- Identify the transactions related ACU, MER, HSS, PEM, DEEM, EDPMS & IDPMS based on the presentation by the customer and processing as per RBI guidelines
- Checking Banks RMA, TSS and CIDB sheets
- Adhering to RBI guidelines with respect to import and export documents, identifying the export documents whether it relate
- Adherence to Compliance Principles and Regulatory Sanctions involved in Trade transactions
- Identifying Red Flags if any and escalate to required team/FCC to further investigation
- To monitor and ensure transactions are handled with in the allocated approved limits at all times, on a continual basis
- Responding emails from the business and Client service team's to resolve the query's on time
- To forecast the future volumes and allocate the resources accordingly
- Ensure that all the volumes all completed within the agreed SLA
- Handling incoming messages received from other banks and sending replies wherever required
- Scheduling monthly calls with onshore to discuss on errors and other management and process related issues and providing resolutions
- Keeping strong controls to avoid errors in future
- Validating the customer signatures on the request letters, Email indemnities and performing Vessel checks to avoid quality failures
- Goals and objectives setting to the team members and encourage them to meet the expectations at the starting of the year
- Tracking employee performance and encourages to improve as well
- Providing Training to new joiners and Core Teams to create back up
- Conducting Dash Boards and discussing on latest updates in process
Process Analyst
Deutsche Bank operations India
Bangalore and Pune
06.2013 - 07.2016
- Checking documents for Exports and Imports for Singapore and Europe Regions
- Periodic reviews of valid and invalid refusals with team members to avoid the same in future
- Expertise in Examination of Documents drawn under Transferred and Commodity LCs
- Identifying and implementing process improvement initiatives to mitigate risks associated with document checking
- Adherence to Compliance Principles and Regulatory Sanctions involved in Trade transactions
- Co-ordinate with the Trade Adviser in branches to ensure smooth flow of transactions and highest level of customer satisfaction
- Identifying Red Flags if any and escalate to related team/FCC
Team Member
JP Morgan India Services India Pvt Ltd
Bangalore
04.2011 - 06.2013
- Checking documents for Exports and Imports for Hong Kong region
- Preparing cover letters to the parties
- Booking/Recording bills based on document checking results
- Adherence to Compliance Principles and Regulatory Sanctions involved in Trade transactions
- Ensuring strict adherence by the team to KOPs and SLAs
- Creating MT 742, MT 799 and MT 734 manually based on the status of the document after doc exam
Education
M.B.A -
Geethanjali Institute of PG Studies
Nellore01.2010
B.A -
S.M.L Govt Degree College
Yemminganur01.2007
Intermediate -
Board of Intermediate Education, AP
01.2004
SSC -
Board of Secondary School Education, AP
01.2000
Skills
- Documentary credits
- UCP
- ISBP
- Allocation of Documents to the Team
- Adherence to RBI guidelines
- Import/Export LC documents checking
- Workflow planning
- Prioritization
- DC Issuance
- Amendments
- Advising
- Confirmation
- Acceptance
- Discounting
Trade Finance Certifications
Certificate for Specialist in Demand Guarantees (CSDG) from LIBF in 2024.
Certified Documentary Credit Specialist (CDCS) from LIBF in 2013.
Certified in Trade Finance (CTF) from IIBF in 2012
Additionalresponsibilities
- Checks whether transactions involve Ethical/Reputation Issues.
- Standard correspondence to banks and customers.
- Training new staff on the Process & the system.
- Ensures Team SLA is strictly followed.
- Handling refusals and refutals.
- Allocation of Documents to the Team.
Learningachievements
- Has been awarded as Best Document Checker.
- Cleared TSA (Trade skill assessment) - 1 Exam.
- Knowledge of Trade Finance products like Document checking, Presentation, Issuance and Advising.
- Received sport awards for highest productivity.
- Participated Document checking training academy program in JP Morgan.
Sportsachievements
- Represented for Andhra Pradesh in 7A side National Football tournament held at New Delhi in 2006.
- Participated University level Football tournament conducted by Kerala Agricultural University held at Trissur in 2006.
- Participated in various District level Football tournaments held in Andhra Pradesh.
Disclaimer
I hereby declare that the above-mentioned information is correct up to my knowledge and I bear the responsibility for the correctness of the above-mentioned particulars.
Activities
Indulged in various process improvement and process simplification activities enabling team members to work effectively.
Personal Information
- Father's Name: G. Yalamkurappa
- Date of Birth: 03/02/1984
- Permanent Address : H.No. 1/2219, Weavers Colony, Yemmiganur, Kurnoor Dist - 518360, Andhra Pradesh.
- Gender: Male
- Nationality: Indian
Timeline
Trade Service Associate
Wells Fargo International Solutions Pvt Ltd
12.2023 - Current
Team Manager
HSBC EDPI Pvt Ltd
08.2016 - 11.2023
Process Analyst
Deutsche Bank operations India
06.2013 - 07.2016
Team Member
JP Morgan India Services India Pvt Ltd
04.2011 - 06.2013
M.B.A -
Geethanjali Institute of PG Studies
B.A -
S.M.L Govt Degree College
Intermediate -
Board of Intermediate Education, AP
SSC -
Board of Secondary School Education, AP
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