Chirag Patel

Experience

• 

  HDFC Bank

  Aug 2010 - Nov 2012

  Trade Finance Operations - Imports Department :• Preliminary Scrutiny of Documents and Reporting to Treasury for Rates• Processing transactions of Buyer’s Credit• Preparation of LOU’s to be sent to foreign banks for buyers credit.• Handling payments to the beneficiaries once the funds sighted for buyers credit• Keeping a track and ensure timely repayments of Buyer’s Credits.• Lodgement of collection bills (Sight and Usance), Advance payment and Direct payment.• Liquidation of collection bills.• Processing and preparation of swift messages (MT103) for direct import bills, advance payments against imports and collection bills (MT202)• Swift authorization • Processing of transactions within TAT and resolving queries from branch. Show less

  • Assistant Manager

    Aug 2010 - Nov 2012

  • ASSISTANT MANAGER - Centralised Processing Unit

    Aug 2010 - Nov 2012
• 

  Axis Bank

  Nov 2012 - Apr 2014

  Deputy Manager

  DEPUTY MANAGER Trade Finance Centre ( Operations ) – Outward Remittance :• Managing Outward Remittance ( Funds Transfer via SWIFT ) process for current accounts. • Authorisation of Outward Remittance bill Like Maintenance, Gift, Medical, Education , Trade commission , Salary payment.• Handling and Authorisation of Fund Transfer for Corporate and retail Customer.• Handling Salary and Bulk remittances through Bulk Remittance’s module of Finacle.• Following up with Branches with respect to any discrepancies in Payment.• Follow up with branches for compliance pending and ensure timely compliance. Show less

• 

  Kotak Mahindra Bank

  May 2014 - Feb 2017

  Manager Team Leader

  Managing Foreign Inward Remittances and Export Team

• 

  Axis Bank

  Feb 2017 - Nov 2018

  Manager

  Trade Finance Centre ( Operations ) – Outward Remittance :• Compliance of PAN India Trade and Retail Forex (Form A2) Outward Remittance documents within TAT as per FEMA regulation.• Booking buy and selling rate for outward remittance from dealing room.• Coordinating with various team for remittance related to outward swift message.• Replying to internal and concurrent audit queries.

• 

  RBL Bank

  Nov 2018 - Feb 2023

  Outward Remittance:-• Team leader with managing Team of 21 members• Outward Remittance (Funds Transfer via SWIFT) process for current accounts and Retail accounts -LRS (Trade and Non Trade transaction - Handling Expat / Diplomat / NRI and Resident individual retail foreign remittances)• Review Of SOPs• Maintains very good audit ratings vide QC / concurrent and other audits.• Monthly TCS filling• Handled Online LRS project and Ongoing OCR project for LRS and Diplomats• Doing Finacle and Workflow UAT for various requirements – TCS, CBWTR, SOL Change, Swift characters• Effectively transactions monitoring in view of AML guidelines and reported suspicious transactions for further STR filling.• Scrutiny along with rate reporting and Authorizations of Outward Remittance• Following up with Branches and Nostro correspondence with respect to any discrepancies in Payment.• Handling reconciliations for Control ac and Nostro accounts• Undertake trainings and team meetings to achieve common goal and maintain team spirit. Show less SWIFT Team:-• Team Leader with a team of 8 members for SWIFT Ensuring proper flow of SWIFT Alliance messages -- MT 103, MT 202, MT 199, MT 299, MT 110- MT 700, MT 707- MT 760, MT 799- MT 732, MT 734, MT499, MT 999• SWIFT messages of Treasury funding MT202, MT320 and CCIL• Handling MIS activity for SWIFT Message which are directly come in to modification queue from Finacle and analyzing the reason for the same – Alignment issue, Special character, Finacle constraint and coordinating IT and support team for the same. Show less

  • Assistant Vice President

    Jul 2021 - Feb 2023

  • Senior Manager

    Nov 2018 - Jul 2021
• 

  Aurionpro

  Feb 2023 - now

  Associate Product Manager - Business Analyst- Banking Domain