Durgesh Sukhtankar
Sr Manager & Concurrent Auditor
Tokyo
Summary
Seasoned Banking Professional with 10 + years of experience working in Branch Banking, Marketing, Retail and Corporate Credit, Treasury & Forex, Compliance and Audit. Well-versed in comprehensive analysis of operations, process improvement recommendations and best practice introduction. Certified Financial Risk Manager and Certified Anti Money Laundering Specialist.
Overview
15
15
years of professional experience
Work History
Sr.Manager & Concurrent Auditor
Bank of India
Tokyo
03.2019 - Current
- In Charge Of Concurrent Audit Of Japan Center
- Preparation And Effective Implementation Of Audit Plan
- Auditing Various Functions Of Branches Including Deposits, Loans, Remittances, Reconciliation, Operations, Treasury Front Office And Back Office, Trade Finance, Risk Management Etc On Regular Intervals
- Carrying Out System Audit, Revenue Audit, Personal Data Protection Audit And Audit Of BCP And DRP
- Carrying Out Comprehensive Compliance Audit And Certifying that Center Is Complying With All Local As Well As Institutional Regulations. Checking High Risk Transactions, Transactions With Unfamiliar Countries, PEP Transactions And Reporting Deviations If Any.
- Scrutinizing Loans, Remittances And Trade Finance Portfolio For Compliance With KYC AML CFT Guidelines
- Member Of Compliance Committee And Operational Risk Management Committee Tasked With Overall Supervision And Providing Recommendations And Guidance For Effective Risk Management.
- Instrumental in implementing new KYC & Re KYC policies and established new checklist for trade finance business for effective compliance checking
Inter Bank Forex Dealer
Bank of India
Mumbai
07.2017 - 02.2019
- Managing The Swap Desk And Placement Desk For The Bank Having Portfolio Value Of USD 5.5 Bn
- Trading In USDINR Swap Market With The Objective Of Increasing The Trading Profits
- Fund Management And Meeting The Funding Requirements Of The Bank As Well The Foreign Branches If Necessary
- Identifying And Executing Arbitrage Strategies To Capture The Arbitrage Between The Domestic Markets And Foreign Markets
- Also Worked As USDINR Spot Desk Trader Formulating Intra Day And Positional Strategies And Executing Trades For Generating Exchange Profits
- Worked At Currency Futures Arbitrage Desk Identifying Mispricing In ETC And OTC Segement And Executing Startegies To Exploit Such Arbitrage
- Monitor Markets, Positions And Reporting It To The Chief Dealer
Forex Back Office Manager
Bank of India
Mumbai
08.2016 - 06.2017
- Management Of Forex Back Office Functions Of The Bank
- Timely And Effective Settlement Of Deals
- Ensuring Timely Fund Settlement And Avoiding Any Gridlocks
- Verification Of Forex Deals In The System
- Accurate And Timely Reporting To The Central Clearing House And Resolving Issues In Case Of Any Differences
Sr Manager, Credit Department ( Officiating)
Bank of India
Kolhapur
11.2015 - 08.2016
- Department Head Of Credit Portfolio Of Shahupuri Branch ( Category: Very Large Branch)
- Processing And Sanctioning Credit Proposals Including Various Segments Like Retail, Corporate, MSME And Agriculture
- Timely Review Of The Loans Accounts As Per The Stipulated Intervals
- Monitoring Early Warning Signals And Ensuring Proper Corrective Action To Avoid Future Delinquency
- Monitoring And Recovery Of The Installments And Interest To Prevent Accounts From Turning Into NPA
- Recovery Of NPA Accounts By Continuous Follow Ups And Utilizing All Available Avenues Like SARFESAI Actions, Suit Filing, Lok Adalats Etc
Branch Head
Bank of India
Kolhapur
07.2013 - 11.2015
- Heading The Ambewadi Branch ( Large Branch) Of The Bank
- Overall Incharge Of All The Departments
- Formulating And Implementing Strategy To Achieve The Targets Provided By The Controlling Office
- Achieving Targets Related To Deposits, Loans, Interest And Non Interest Income, Card Products, Internet Banking, Government Sponsored Schemes Etc
- Ensuring Proper Compliance Related To Regulatory As Well As Bank's Guidelines
- Complying With The Audit Observations And Improving The Risk Profile Of The Branch
- Leading And Supervising The Branch Team As Well As Sanctioning The Benefits Like Leaves, Allowances, Encashment Etc
Manager, Marketing & PR
Bank of India
Kolhapur
06.2011 - 07.2013
- Assisting The Chief Manager In Managing The Marketing Team Of Kolhapur Zone
- Formulating Various Campaigns For Achieving The Zonal Targets For Low Cost Deposits, Retail Advances, Vehicle Loans, Life Insurance, General Insurance, Mutual Funds, Demat Account And Gold Coins
- Coordinating With The Branch Heads For Achievement Of Individual Branch Targets
- Managing The Publicity Budget And Allocation Of Budgets To Various Publicity Avenues Like News Paper Advertising, Local TV Advertising, Hoardings, Signage, Promotional Events Etc
- Establish And Maintain Effective Working Relationships With Government Officials, And Media Representatives And Use These Relationships To Develop New Business Opportunities And Effective Publicity Of The Bank
Chief Manager
Solutions ( Sub Broker of Reliance Securities Ltd)
Sawantwadi
06.2007 - 06.2011
- Overall Incharge Of Marketing And Operations Of 7 Branches Of The Master Franchise
- Achieving Targets Of Demat Account Opening, Mutual Funds, Life Insurance And General Insurance
- Achieving Target Related To Trading Volume And Monthly Brokerage Amount.
- Coordinating Marketing And Sales Activities Of 7 Branches For Achieving The Targets
- Analyze Target Companies Or Investment Opportunities To Advise The Clients
- Inform Customers Of Market Conditions, Including Volume, Price, Competition And Dynamics.
Education
Certified Financial Risk Manager (FRM) -
GARP
04.2001 -
Certified Anti Money Laundering Specialist (CAMS) -
ACAMS
04.2001 -
Certified Associate of Indian Institute of Bankers -
Indian Institute of Banking & Finance
Mumbai 04.2001 -
Certified Treasury Professional (CTP) -
Indian Institute of Banking & Finance
Mumbai 04.2001 -
Post Grad Diploma in Investments & Tax Planning -
ICFAI
Hyderabad 04.2001 -
Bachelor of Laws (General) -
Shivaji University
Kolhapur 04.2001 -
Bachelor of Commerce -
Shivaji University
Kolhapur 04.2001 -
Diploma in International Banking & Finance -
Indian Institute of Banking & Finance
Mumbai 04.2001 -
Diploma in Tax Management -
Welingkars Institute of Management
Mumbai 04.2001 -
Certificate in Foreign Exchange -
Indian Institute of Banking & Finance
Mumbai 04.2001 -
Certificate in SME Finance For Bankers -
Indian Institute of Banking & Finance
Mumbai 04.2001 -
Cert in Quantitative Methods- Banking & Finance -
Indian Institute of Banking & Finance
Mumbai 04.2001 -
Skills
Financial records review
Decision Making
Auditing experience
Report preparation
Problem-Solving
Timeline
Sr.Manager & Concurrent Auditor
Bank of India
03.2019 - Current
Inter Bank Forex Dealer
Bank of India
07.2017 - 02.2019
Forex Back Office Manager
Bank of India
08.2016 - 06.2017
Sr Manager, Credit Department ( Officiating)
Bank of India
11.2015 - 08.2016
Branch Head
Bank of India
07.2013 - 11.2015
Manager, Marketing & PR
Bank of India
06.2011 - 07.2013
Chief Manager
Solutions ( Sub Broker of Reliance Securities Ltd)
06.2007 - 06.2011
Certified Financial Risk Manager (FRM) -
GARP
04.2001 -
Certified Anti Money Laundering Specialist (CAMS) -
ACAMS
04.2001 -
Certified Associate of Indian Institute of Bankers -
Indian Institute of Banking & Finance
04.2001 -
Certified Treasury Professional (CTP) -
Indian Institute of Banking & Finance
04.2001 -
Post Grad Diploma in Investments & Tax Planning -
ICFAI
04.2001 -
Bachelor of Laws (General) -
Shivaji University
04.2001 -
Bachelor of Commerce -
Shivaji University
04.2001 -
Diploma in International Banking & Finance -
Indian Institute of Banking & Finance
04.2001 -
Diploma in Tax Management -
Welingkars Institute of Management
04.2001 -
Certificate in Foreign Exchange -
Indian Institute of Banking & Finance
04.2001 -
Certificate in SME Finance For Bankers -
Indian Institute of Banking & Finance
04.2001 -
Cert in Quantitative Methods- Banking & Finance -
Indian Institute of Banking & Finance
04.2001 -