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Naimishkumar Parmar

Forex Professional at Dena Bank (देना बैंक)

Work experience

Nov 2012Present

Trade Forex - Banking Professional

Dena Bank (देना बैंक) - Your trusted family bank !
$ Processing of post shipment Finance includes negotiation/purchase/collection bills and its documentation. $ Preparation and dispatch of Invoices, (or shipping documents) for payment under Documentary Letters of Credit received from our customers. $ Advance against Export Bills sent on collection basis/consignment basis, and issuance of E-BRC for GR Waiver . $ Foreign Currency online trading / booking /Cancellation like cash / spot / forward rates against exports / Importers for USD / INR, EUR / INR, GBP / INR, JPY / INR. $ Processing Inward and Outward remittances/foreign cheque collection/FIRC issue/ Inter branch reconciliation of Forex entries. $ Preparation of Forex compliance of returns timely at Branch Office $ Customer interaction through telephone /email for details regarding documentation/queries on a daily basis.
Jan 2012Nov 2012

Manager - Forex Business Development

Alpari Forex (INDIA) Pvt. Ltd.
 Currency Trading for SME, MSME, Corporate Clients in NSE-CDS & MCX-SX segment.  Trading on International Platform in Currencies, Commodities, Indices & other Future Instruments.  Awareness Spreading through Seminars and tie ups with industrial associations for Hedging & Risk Management of Currency Exposure for Exporters & Importers.  Track currencies and major indexes.  Offer advisory services to the clients.  Provide end to end solutions in Treasury Products. Marketing of Derivatives & Fixed Income products to hedge corporate exposures.  Act as a facilitator for forex and treasury transactions.
Jan 2010Jan 2012

Manager - Forex Business Development

SMC Group
• Commodity/Currency Derivatives & applicability of Derivatives as a hedge/trading tool for the SME Units / physical commodity markets. • Map market and geographies for identifying prospective Franchisee. • Train the Center in terms of local marketing & sales. • Ensure inquiries are being reverted in line with company standards • Organizing activities in the corporate houses premises & giving product presentations, Road Shows, Promotions and Outdoor Activities for the distributors’ leads. • Responsible for Sub-Broker’s On-line Surveillance, Risk Management & Margins, Collateral Management.
Apr 2008Dec 2008

Manager - Mutual Fund Distribution

ING Investment Management
• Business Promotion by Handling Distribution network channel like, National Distributors, National & Private Banks, Independent Financial Advisors. • Organizing activities in the corporate houses premises & giving product presentations, Road Shows, Promotions and Outdoor Activities for the distributors’ leads. • Strategizing, planning & implementing new ideas of business. • Competition MIS, Feedback from channels, clients to HO team, Product team & Fund Management team.

Education

20042006

MBA

Saurashtra University
• MBA’s Summer Project prepared on “Organization Study of Kadvani Forge Ltd” at Kadwani Forge Ltd, GIDC Metoda, Rajkot. • Research Study on “Strategic Management of SMEs in and around Rajkot”, at Rajkot Engineering Association. • Done Presentation on Growth Market Strategies of Organized Retail Sector in India. • Research Study on “Mutual Fund Awareness among the Investors of Rajkot City.” • Attending workshop on “Enthusing Customers at Frontline” by CII, at Rajkot.
20042006

Master; ACADEMIA; B. Com

Saurashtra University

Skills

Commodity
Fixed Income
Foreign Exchange
Trading
Money Market
Branch Banking
Trade Finance
Treasury Management
Mobile Banking
Internet Banking
Core Banking
Retail Banking
NDF
Risk Management
FX Derivatives
FX trading
FX Options
FX Hedging
Currency Futures
Foreign Currency
Treasury Services
Import/Export Operations
Foreign Trade Zone
Technical Analysis
Currency Exchange

Certifications

Prevention of Cyber Crimes & Fraud Management in Banking Industry