Raj Kumar
Senior Trade Finance & Payments Operations Specialist
- Role
- Assistant Vice President Trade Desk at RBL Bank
- Location
- Chennai, TN, IN
- LinkedIn followers
- 500 followers
About Raj Kumar
Results-driven and IIBF in Foreign Exchange certified professional leveraging my…
Experience
Assistant Vice President Trade Desk
Jul 2020 — Present · Chennai, IN
Leading the comprehensive execution of both current and capital account transactions, including Inward & Outward Remittances, FDI, ODI, and ECB for retail and corporate clients, ensuring strict adherence to regulatory norms and timely service delivery. Managed the complete life cycle of trade finance transactions including issuance and scrutiny of Import LCs, ECB-LOUs, and merchant trade deals; reviewed and lodged import/export documents in Finacle, ensured accurate SWIFT message handling and coordinated with clients on discrepancies or compliance requirements under FEMA and RBI guidelines.Handling of High-value transactions and exceptional write-off cases, and Handling of all types of inward SWIFT messages and also SFMS messages from other Banks. Process improvement ideas implemented for Third country / LC advising cases and BG cases and daily checklist for process control.Continuously monitoring and interpreting RBI circulars and regulatory changes to ensure all Forex and trade operations are aligned with the latest guidelines, maintaining a robust compliance framework across processes. Conducting detailed scrutiny and validation of all export and import documentation, including Letters of Credit and Bill Collections, with due diligence to ensure accuracy, audit preparedness, and smooth transaction processing. Managing digital trade requests from clients through platforms like Intellect and Tradex, ensuring seamless integration, swift turnaround times, and accurate routing to internal systems for processing. Executing complex trade transactions including advance/direct import payments, LC settlements, export bill lodgement, realization, and clearance of shipping bills and BoEs via EDPMS/IDPMS systems.Administering inland transactions such as FD-backed Bank Guarantees, Inland Outward Bills, and FD-backed Inland LCs, ensuring proper issuance, closure, and client delivery in compliance with internal timelines.
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