PRAKASH RAMCHANDRA MANE
Mumbai
Summary
Results-driven professional with a strong desire for growth and excellence. Seeking a position in a growth-oriented setting that fosters both personal and professional development. Committed to achieving personal and organizational goals. Proven track record in managing high-stakes projects and ensuring client satisfaction. Utilizes strong analytical skills and strategic thinking to drive successful outcomes. History of effective teamwork and adaptability in dynamic environments, enabling success in any situation.
Overview
19
19
years of professional experience
Work History
Senior Associate
DBS Bank India Ltd
04.2022 - Current
- Manage and supervise outward remittance team and monitor all the day to day activities to achieve TAT
- Exercise effective control over day to day operations of the department and ensure that high level of operating efficiency and superior customer services are achieved through clearly defined work controls, methods and procedures to prevent any exposure or potential loss to the bank
- Ensure strict adherence to internal and external audit, regulatory, High risk transactions etc for document checking purpose
- Train team members on processes and conduct team meetings to make them aware of new circular / processes
- Review of transactions processed by the team on monthly basis
- Monitoring and verifying the regulatory reporting such as Form 15CC, Form 27EQ and ensure timely submission to regulators
- Liaison with Concurrent Auditors, CSM and Branches for resolution of audit queries
- Preparation of SOP and updating the same on timely basis
- Submission of different types of reports to management to assess team performance and staffing requirement
- Conduct testing for system enhancement provided by regional teams
- Writing user stories for system enhancement and preparation of test cases including steps, expected results etc
- Raising production defects through JIRA and following up with tech teams for resolution of the same
Manager
RBL Bank Ltd
01.2020 - 04.2022
- Scrutinize documents for payments under A2 as per RBI regulations
- FX-reporting for all remittances handled by us to treasury
- Monitor LRS Limits on XBRL of Individuals and apply TCS accordingly for each LRS transaction
- Authorization of payments without any errors and smooth processing to maximize STP cases
- Ensure compliance of Fund Transfer processes with various AML and KYC guidelines established by the Compliance institutions like OFAC, FATF
- Handling GL Account reconciliation
- Resolution of Audit queries and following up with Branches / WCS for the same
Manager
Kotak Mahindra Bank
05.2018 - 01.2020
- Manage and supervise outward remittance team and monitor all the day to day activities to achieve TAT
- Scrutinize and authorization of the documents like Import bills collections, Import payments (Advance and Direct) and A2 payments
- Carrying out FX-reporting (Deal Booking) for all remittances handled by us to treasury on case to case basis
- Handle EOD activities and ensure all the checks are completed by the team
- Train team members on processes and conduct team meetings to make them aware of new circular / process circulated by trade process team
- Review of transactions processed by the team on fortnightly basis
- Ensure compliance of Fund Transfer processes with various AML and KYC guidelines established by the Compliance institutions like OFAC, FATF
- Co-ordinate with CSM and corresponding banks for swift queries
- Liaison with Concurrent Auditors, CSM and Trade desk for resolution of audit queries
Deputy Manager
HDFC Bank Ltd
07.2014 - 05.2018
- Scrutinize & process the documents like Import bills collections, Import payments (Advance and Direct), Buyer’s credit and A2 payments
- Ensuring error free capturing of data provided by customer into core system of bank – FC-UBS and ensuring maximum transactions are processed within TAT
- Authorization of payments and Buyer’s credits processed by inputter
- Taking measures to ensure compliance of Fund Transfer processes with various Anti Money Laundering and KYC guidelines established by the Compliance institutions like OFAC, FATF
- Diligently monitoring KYC documents for outward remittances
- Carrying out FX-reporting (Deal Booking) for all remittances handled by us to treasury on case to case basis
- Co-ordinating with corresponding banks, internal departments like audit, TF front office, retail branches, etc for resolution of queries
Assistant Manager
Axis Bank Ltd
02.2014 - 07.2014
- Scrutinize and processing of various customer’s request related to updation of contact and identification details in Finacle
- Scrutinize customer’s requests and forward the same to vendor for processing
- Resolving the vendor queries about the customer’s request
- Contacting branches for resolving the queries related to customer’s requests
SME (Subject Matter Expert)
Oracle (OFSS) Processing Services Ltd
02.2011 - 02.2014
- Reconciliation of F&O and CFD contracts by comparing FCM and Client’s (Investment Manager) statement which helps them to confirm the margins on a daily basis
- Performing reconciliation of various custodians like UBS, GS, ML, JPM, CS, BNP etc and reporting of breaks related to trades and positions
- Following up with FCM, tech team and client for necessary reports
- Allocation of the work among team members and monitoring its progress
- Following up with FCM and EDI Team for resolution of breaks and issues
- Reviewing the reconciliations done by other team members
- Ensuring the deliverables to be dispatched as per deadlines
- Train new team members about the process
- Preparation of Daily MIS and Monthly MIS
- Rewarded with “SMILE AWARD” for the appreciation received from client for the commitment towards work
Officer
ICICI Bank Ltd.
01.2008 - 02.2011
- Scrutiny of customer’s requests for AML purpose
- Opening of savings / current accounts and maintenance for retail customers in Core Banking system - Finacle
- Opening of various deposit products and maintenance
- Clearing – Check and ACH
- Handling SWIFT Remittances
- Reconciliation – Office and Nostro accounts
- SOAX walkthrough / implementation: Ensuring the compliance with SOAX controls
- Customer’s Transactions Monitoring
- Reverting to queries raised by Internal audit team
- Exception handling: Handling critical request / complaints and escalations
- Business continuity process: Training to users in BCP location to ensure least disruption to critical activities in case of an emergency situation
- Rewarded as Best Team Member
- Rewarded with IIOG-Ratna Award for successful completion of year end activity for Bahrain Branch
- Rewarded with IIOG-Chanakya Award for training given to corporate team for Transactions Monitoring
- Rewarded with Best Maker Award for the month of September, 2010
Accounts & Tax Assistant
Pravin Kore, Tax Consultant
04.2006 - 12.2007
- Preparation of Income Tax Returns
- Conducting Tax Audit
- Maintaining Client’s Accounts in Tally & Taxbase
- Preparation of e-TDS Returns
- Preparation of Sales Tax Returns
Education
Inter CA -
ICAI
11.2007
T.Y.B.Com. -
Mumbai University
03.2006
H.S.C. -
Mumbai Board
03.2003
S.S.C. -
Mumbai Board
03.2001
Skills
- Training and mentoring
- Performance monitoring
- Team leadership
- Team supervision
Accomplishments
- SMILE AWARD, For the appreciation received from client for the commitment towards work
- Best Team Member
- IIOG-Ratna Award, For successful completion of year end activity for Bahrain Branch
Hobbies and Interests
- Reading Books
- Playing Cricket
- Playing Football
Personal Information
- Date of Birth: 12/14/85
- Marital Status: Married
Languages
English
Professional Working
Hindi
Professional Working
Marathi
Native or Bilingual
Timeline
Senior Associate
DBS Bank India Ltd
04.2022 - Current
Manager
RBL Bank Ltd
01.2020 - 04.2022
Manager
Kotak Mahindra Bank
05.2018 - 01.2020
Deputy Manager
HDFC Bank Ltd
07.2014 - 05.2018
Assistant Manager
Axis Bank Ltd
02.2014 - 07.2014
SME (Subject Matter Expert)
Oracle (OFSS) Processing Services Ltd
02.2011 - 02.2014
Officer
ICICI Bank Ltd.
01.2008 - 02.2011
Accounts & Tax Assistant
Pravin Kore, Tax Consultant
04.2006 - 12.2007
T.Y.B.Com. -
Mumbai University
H.S.C. -
Mumbai Board
S.S.C. -
Mumbai Board
Inter CA -
ICAI
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