Ajay Jain D1- 601, Luncad Zodiac Apartment, Viman Nager- Pune 411014 Phone+9188057 21125• E -Mai lcaajayjain84@gmail.com

PROFILE

A goal-oriented professional having sound exposure in banking operations, designing business/operational controls and implementation of regulatory guidelines.

PROFESSIONAL EXPERIENCE

Citibank NA, India (From Oct 2007 till date)

1. AVP - Fund Transfer Unit, Pune (March 2014 onwards )– Managing team of 11 people

Key areas of work -

Implementation of new regulatory guidelines or changes in existing guidelines with regard to cross border remittances

Performing periodic reviews to identify opportunities for simplification or rationalization of processes, while ensuring that controls are not compromised

Handling Inwards Remittances for Domestic and NRI customers in line with bank operations and regulatory requirements. Converting funds received in Nostro accounts, inward cheques, creating deposits basis foreign telexes received, credit to NRE/NRO accounts, performing regulatory checks

Handling Outward Remittances for Domestic and NRI customers. Managing NRE/NRO accounts credits

Performing targeted reviews of key branch processes to identify non adherence to processes

Handling regulatory/ customer queries and complaints, and submissions to regulators and auditors

Review and approve exceptions to various internal processes

Managing adhoc projects assigned viz. consolidation of multiple Nostros within Corporate and retail banking business; Driving closure of dormant accounts at large scale; Moving adhoc operation units to Centre of Excellence

2. Operations Head –Trade, Cash and Clearing, Jaipur (March 2012- Feb 2014)

Handling cheque clearing, ECS, Processing of Export documents for dispatch of goods/services, Issuance of LC’s/ Bank Guarantees, Handling import payments, foreign remittances, RTGS/NEFT/DD’s processing

Managing clearing vendor, Review of branch processes for various products especially trade related

Handling regulatory issues and timely regulatory submissions. Acting as Nodal officer of the bank for attending meetings with regulators

Handling Client meetings on service issues and resolutions for the same. Managing Internal and Concurrent Audits and preparation of branch responses

3. Manager Bank Guarantees/SBLC/Exports -Trade Services , New Delhi (April 2010- March 2012)

Issuance/Amendment of Bank Guarantees, SBLC, processing export documents, dispatching them overseas

Reviewing the text of the bank guarantees and vetting the same. Managing claims against bank guarantees and

ensuring timely settlement of the same

Processing of export documents like dispatches, no dispatch transactions

Meeting customers frequently to handle grievances. Managing Exceptions reports so as to ensure data integrity

4. Assistant Manager -Credit Operations, Mumbai (October 2007- March 2010)

Understanding & implementing bank's credit and regulatory policies in Credit Mid-Office for Corporate Bank with

a portfolio of over 900 customers

Independently reviewing the approved credit appraisals so as to ensure its compliance with credit and regulatory

policies before releasing lines of credit on system

Monitoring Limits (both Funded & Non Funded) given to the customer on a regular basis and reporting it to

Credit Risk Managers in case of breach

Managing Exception reports, data consistency between different systems used for credit limit maintenance

KEY ACCOMPLISHMENTS

Set up of new Fund Transfer Unit in Pune

Vendor regulation, policy making for hiring vendor staff and reduction in vendor numbers at PAN India level

Initiated Leadership engagement program at PAN India level

Headed the Project of developing self validation based adobe forms for trade products

Part of Clearing centralization team for CTS-Grid based clearing

Member of team engaged in implementation of sequence number process for mapping outstanding to the correct credit facility

SUMMARY OF QUALIFICATIONS

Chartered Accountancy from Institute of Chartered Accountants of India in Aug 2007 (All India Rank 46)

Bachelors of Commerce from University of Rajasthan, Jaipur in March 2005

CFA, US – Level 1 in August 2007

Certification in Mutual Fund (Basic Module) from AMFI

Certification in Financial Markets from NCFM in March 2008

Higher Secondary from Saint Soldier Public School, Jaipur, March 2002

INTERNSHIP EXPERIENCE

M/s Kalani & Company, Chartered Accountants, Jaipur, India. – One of the most reputed Chartered Accountants firm in the state having deep presence in Direct Taxation, Auditing and Management Consultancy

PERSONAL DETAILS

Date of Birth : 26th February 1984

Languages known : Hindi, English

Permanent Address : B 28, Laxmi Narayan Puri, Surajpole Gate, Jaipur