Sumit Shinde

Experience

• 

  Axis Bank

  Aug 2014 - Sept 2015

  Assistant Manager

  Successfully managed queries raise by the foreign banks regarding the issued MT700/MT707/MT799 and resolved auditor’s query regarding transactions of LC’sProficiently operating PRATHAM, a product where Foreign Letter of Credit can be processed & issued in an hour to the priority customers

• 

  Tata Consultancy Services

  Feb 2016 - May 2017

  Senior Process Associate for Royal Bank of Canada (Trade Finance Operations Department)

  Managed export advising & document checking, monthly MIS & TAT file creation, compliance checks through weekly meetings, and maintenance of monthly stack parameters Showcased excellence in planning team actions towards meeting SLAs and imparting training to new joining for respective productsActively participated in weekly client calls and took daily hurdles of the team for getting collective ideas on daily processingConferred with the “Employee of the Month Award” for maintaining consistency in overall 100% quality in export advising, 98% quality in export document checking & overall performance Show less

• 

  HDFC Bank

  May 2017 - Apr 2018

  Deputy Manager

  Engaged in day-end tally, creating SWIFT messages including MT 103/MT 202/MT 199 to foreign banks, and assisting queries raised by the foreign banks regarding the issued MT 103 & MT 202

• 

  Woori Bank

  Apr 2018 - Jan 2022

  Assistant Manager (Trade Finance Operations Department)

  Managed export LC document scrutiny, export LC discounting & settlement, outward & inward remittances as per RBI guidelines, compliance screening of transactions, RBI reporting, NOSTRO reconciliation, authorization of day-to-day transactions, and queries raised by foreign banksCoordinated & collaborated with other branches, credit team & treasury service desk and ensured compliance with existing bank guidelines & circularsSuccessfully reduced the income leakage to nil for the bank and achieved customer satisfaction Show less

• 

  Industrial and Commercial Bank of China.

  Jan 2022 - now

  Manager (Trade Finance Operations)

  Advising LCs, SBLCs, issuance of transfer LCs & maintenance of documentary credit as per UCPDC 600 guidelines by ICC and Scrutinizing of Export & import documents under letter of credit and collection; managing domestic bills under collection and letter of credit & local bill discountingMonitoring & filing various RBI reporting including DRI, CBWT, and I/E DPMS closure & auditEngaging in issuance, maintenance, and advising of documentary credit as per UCPDC 600 guidelines by ICCWorking with internal and external stakeholders to streamline processes; creating SWIFT messages including MT 700, MT 707, MT720, MT727, MT 730, MT740, MT 799 & so on for foreign bankDesigning and delivering on initiatives for the client and the unit; establishing objectives, planning action items and milestones; tracking periodically and communicating achievement regularly; ensuring delivery of final metrics as well as qualitative benefits of the initiativesExtending support towards resolving queries raised by the foreign banks regarding the issued MT700, MT707 or MT799Preparing MIS for tracking the Turnaround time of the transactions on regular basis & submitting the same to the Management to facilitate decision-making Show less