Summary
Overview
Work History
Education
Skills
Timeline
Personal Information
Certificates Courses
Professional Groups
Accomplishments
Generic

SOHAIL T. FAROOQI

Coram,NY

Summary

Dynamic professional with extensive expertise in regulatory compliance and trade finance operations, possessing a comprehensive understanding of U.S. financial regulations including BSA/AML, OFAC, Anti-Boycott, and KYC requirements. Demonstrated proficiency in managing loan processing and documentation within strict regulatory frameworks, accompanied by strong analytical skills to navigate complex transactions and ensure operational efficiency. Skilled in identifying and mitigating compliance risks across various financial products while fostering effective communication and collaboration with cross-functional teams in compliance, legal, and operations. Technical proficiency in Microsoft Excel, Word, PowerPoint, and financial messaging systems enhances the ability to deliver results in fast-paced environments.

Overview

21
21
years of professional experience

Work History

Vice President of Operations International Trade Finance

Mercantile Credit Inc.
07.2011 - 12.2024
  • Create marketing strategies for the International Trade Finance department within the guidelines provided by the management and according to the local laws.
  • Arranged Issuance of commercial Letters of Credit, amendments, Standby Letters of Credit, Acceptances, and Payments, maintenance Letters of Credit Lines with Banks, and arranged financing from Factoring and PO companies for the clients.
  • Attending Trade Shows to acquire new business.
  • Also responsible for Due Diligence and KYC profile for new customers.

Manager Trade Finance

United Bank Limited
02.2006 - 05.2010
  • Combine exceptional communication and customer service skills with a practiced business sense.
  • Create marketing strategies for the Trade Service department within the guidelines provided by the management and according to the local laws, coordinate Federal Reserve and State banking department annual examination, contribute vision and management expertise critical to organizational efficiency and business growth worldwide.
  • Interpret bank's policy and implement procedures to facilitate Letters of Credit, imports, Exports.
  • Establish policies, guidelines, plans and priorities.
  • Identify required resources; coordinate with others; monitor progress; evaluate outcomes, issuance of commercial and Standby Letters of Credits, Review documents negotiated under export Letters of Credits, Bank to Bank Reimbursement.
  • Issuance of shipping guarantees, Airway Bill release, Air Post Parcel receipt, Clean and Documentary collections, Banker Acceptances, Remittances, prepared proposals for Pre/Post Shipment finance.
  • Encourage staff to stay informed; ensure staff are trained, capable and can demonstrate technical proficiency.
  • I have also worked as the backup of Compliance Manager.
  • Managed and motivated employees to be productive and engaged in work.
  • Maintained professional, organized, and safe environment for employees and patrons.
  • Accomplished multiple tasks within established timeframes.
  • Enhanced customer satisfaction by resolving disputes promptly, maintaining open lines of communication, and ensuring high-quality service delivery.
  • Resolved staff member conflicts, actively listening to concerns and finding appropriate middle ground.
  • Cross-trained existing employees to maximize team agility and performance.
  • Controlled costs to keep business operating within budget and increase profits.
  • Developed and maintained relationships with customers and suppliers through account development.
  • Mentored junior team members for career advancement, fostering a pipeline of future leaders within the organization.
  • Streamlined workflows by identifying bottlenecks in existing systems and implementing appropriate solutions.
  • Kept a tight control on allocated department budget.
  • Coordinated with IT department to upgrade technology infrastructure, enhancing operational efficiency and data security.
  • Generate lots of income through overnight placements of funds.
  • Developed comprehensive risk management plan, minimizing potential disruptions to business operations.

AVP Business Banking

Citibank
02.2004 - 01.2006
  • Joined Citibank and was responsible for cross-selling banks' investment products to prospects and clients.
  • I have processed all new Business Credits and Loan proposals.
  • Seek to source new Business customers through referrals from existing customers and Through Center of Influence (CPA, Attorney, Membership Organizations, Physicians, and Dentists.
  • Acquiring knowledge of all customers by completing in-depth profiling of the Business owner (s).
  • Understands their needs and recommends the appropriate product/Finance/advice solutions, resulting in a trusted advisor status.
  • Responsible for strengthening the customer's relationship with the Business Team through appropriate introductions to product/solution partners.
  • Achievements: quarterly targets provided by the Bank's management including acquisition, retention, and customer expansion, increase in business volume, increase in commission income, and interest income.

Education

Bachelor of Science - Economics, Mathematics, and Statistics

University of Karachi

Skills

  • Long-term planning
  • Organizational development
  • Cost analysis and savings
  • Business development

Timeline

Vice President of Operations International Trade Finance

Mercantile Credit Inc.
07.2011 - 12.2024

Manager Trade Finance

United Bank Limited
02.2006 - 05.2010

AVP Business Banking

Citibank
02.2004 - 01.2006

Bachelor of Science - Economics, Mathematics, and Statistics

University of Karachi

Personal Information

  • Citizenship: US Citizen
  • Nationality: US Citizen

Certificates Courses

  • Investment Co. Products/Variable Contracts Rep. Exam Series 6, NASD, 2004
  • Uniform Securities Agent State Law Examination Series 63, NASD, 2004
  • Life, Accident & Health, and Variable Life/variable Annuities, State of New York, 2004
  • Commercial Marketing Group Foundation course, Citi Bank, 2004-04-01
  • Anti Money Laundering course, Citi Bank, 2004-05-01
  • Business Credit course, Citi Bank, 2004-05-01
  • Business presentation course, Citi Bank, 2004-05-01
  • Loan Documentation course, Citi Bank, 2004-05-01
  • Business accounting course, Citi Bank, 2004-05-01
  • Dollar Cost Average (DCA) course, Citi Bank, 2005-01-01
  • Anti-Money Laundering course, Citi Bank, 2005-03-01
  • Small / Commercial Business Banking course, American Bankers Association, 2004-12-01
  • Seminar on UCP 600, Deutsche Banker Trust Company of America, 2007-03-01
  • Compliance Training, United Bank Limited, 2007-12-01
  • Seminar on FR-29 Regulatory Report, Federal Reserve Bank of New York, 2008-06-01
  • Project Management Certificate course, Stony Brook University, NY, 2009-04-01
  • Business Analyst Certificate course, Stony Brook University, NY, 2009-05-01
  • Project Management Plus Certificate course, Stony Brook University, NY, 2009-04-01
  • Business Analyst Plus Certificate course, Stony Brook University, NY, 2009-05-01
  • Cross Cultural Training, U.S. Department of Commerce, 2009-08-01
  • Investment Banking Certificate, Investment Banking Institute, NY, 2010-08-01

Professional Groups

  • AML - Anti Money Laundering Group
  • Association of Trade & Forfaiting in the Americas, INC
  • Commodity Finance
  • Correspondent Bankers
  • Financial Risk Management Network
  • Financial Finance Regulation
  • Global Finance Leadership Team
  • Global Trade Network
  • Higher Education Treasury and Finance
  • International Trade Credit Group
  • Structured Trade Finance Talent Pool
  • Trade Finance

Accomplishments

  • Supervised team of 6 staff members.
  • Documented and resolved [Issue] which led to [Results].
  • Achieved a 95% project success rate by completing deliverables on time with consistent accuracy and efficiency.

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