Ajit Ranade

Ajit Ranade Email and Phone Number

Experienced Banker | Retail & Corporate Banking, Treasury Ops, Risk & Compliance Management | Multi-Country Regulatory Compliance, Process Automation, Problem Solver & Strong Communicator. @ translab.io
bangalore, karnataka, india
Ajit Ranade's Location
Mumbai, Maharashtra, India, India
About Ajit Ranade

• Vast experience spanning Retail Banking, Corporate Banking, Treasury Operations, Risk Management, and Compliance in the banking sector.• Over 40 years of industry expertise encompassing Credit, Operations, Treasury, Trade Finance, and IT.• Specialized in delivering Multi-Country Regulatory Compliance solutions, including Central Banks regulations, Process Automation, and Account Management.• Deep collaboration with Regulators, Boards, and Management on intricate issues.• Extensive involvement across all sectors of the Indian banking landscape, from regulatory bodies to cooperative banking.• Strong problem-solving abilities coupled with a knack for devising efficient technological solutions.• Highly analytical with a continuous learning mindset and adeptness in adapting to evolving environments. Skilled in providing comprehensive training tailored to various levels of understanding, from interns to seasoned professionals.• Proficient communication skills, adept at drafting clear and professional correspondence, policies, procedures, and legal documentation.• Demonstrated capability to comprehend complex situations and navigate within the confines of established rules and constraints to find optimal solutions.

Ajit Ranade's Current Company Details
translab.io

Translab.Io

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Experienced Banker | Retail & Corporate Banking, Treasury Ops, Risk & Compliance Management | Multi-Country Regulatory Compliance, Process Automation, Problem Solver & Strong Communicator.
bangalore, karnataka, india
Employees:
26
Ajit Ranade Work Experience Details
  • Translab.Io
    Senior Bfsi Domain Advisor
    Translab.Io Oct 2023 - Present
    Mumbai Metropolitan Region
    Offering comprehensive guidance on all functional and domain-related aspects within the BFSI sector. Responsibilities encompass owning the product's functional capabilities and ensuring alignment with client and regulatory requirements. This involves the development and customization of regulatory reporting solutions. And providing Impact analysis due to frequent changes in Regulations by RBI and other Regulatory authorities.
  • Profinch
    Senior Consultant
    Profinch Nov 2021 - Sep 2023
    Mumbai Metropolitan Region
    Led team of onsite consultants and product consultants for building and customizing Reg Reporting solution to address central bank regulatory compliance requirements of UAE, Uzbekistan, Philippines, and India (RBI, NABARD, NHB and Govt of India).
  • Fintellix
    Domain Specialist
    Fintellix Apr 2015 - Oct 2021
    Mumbai Metropolitan Region
    Fintellix provides sophisticated financial solutions including Risk-Based Supervision modules, Business Intelligence (BI) software, DW Consulting, FATCA and Regulatory Reporting solutions tailored for banks. The role primarily involved contributing to product management and implementation from a functional standpoint. Played a pivotal role in designing prepackaged Regulatory Reporting and Data Repository (EDW) solutions tailored specifically for Indian bank customers as well as those regulated by APRA (Australia)
  • Wallstreet Exchange Company (Pvt.) Ltd.
    Deputy Vice President Treasury&Operations
    Wallstreet Exchange Company (Pvt.) Ltd. Jan 2015 - Mar 2015
    Mumbai Metropolitan Region
    WSFL is a prominent financial institution specializing in offering comprehensive forex inward and outward remittance services to its clientele across India. Additionally, it serves as a principal agent for the renowned Remittance Company, Western Union. In my capacity as DVP Treasury &Operations, I assumed responsibility for overseeing the operations of WSFL's extensive network of branches spanning across the nation.
  • Wolters Kluwer
    Senior Domain Expert
    Wolters Kluwer Apr 2011 - Sep 2014
    Mumbai Metropolitan Region
    Provided guidance to clients on seamless implementation of Risk and Regulatory Reporting products. Spearheaded a pivotal project focused on automating Regulator Returns across esteemed financial institutions such as Barclays Bank, CTCB Bank, Westpac Banking Corporation India, and JP Morgan.
  • Cosmos Co-Operative Bank Ltd.
    General Manager (Forex &Treasury)
    Cosmos Co-Operative Bank Ltd. Jul 2008 - Dec 2010
    Mumbai Metropolitan Region
    • Supervised Forex and Treasury department with a treasury size of INR 6000/- Cr.• Successfully established Integrated Treasury operations single-handedly, streamlining banking processes.•Was ALCO committee member, contributing to strategic decision-making.•Instrumental in setting up the Risk Management Cell and formulating the bank's Risk Management policy.• Introduced innovative Cash Credit account products to incentivize underutilized customer limits.• Ensured compliance with regulatory guidelines in all Treasury activities, enhancing trust and credibility.• Implemented comprehensive strategies to position the bank as a key player in the Money Market, Forex, G Sec, and Non-SLR securities segments.• Demonstrated leadership and strategic vision in optimizing banking operations and maximizing profitability.• Led initiatives to enhance customer satisfaction and strengthen market presence.
  • Idbi Bank
    Assistant General Manager
    Idbi Bank Jun 1984 - Jul 2008
    Mumbai, Maharashtra, India
    • Served as Corporate Dealer and as FX Spot Dealer at IDBI Treasury.• Managed Cat B Forex Centers at 2 large branches, actively contributing to marketing and product development.•Played an active role in policy formulation and defining functions of the mid-office, issuing guidelines on AS11 and reporting of forex transactions.• Participated in drafting the Manual of Instructions and conducted inspections of Cat B Forex branches.• Liaised with Statutory auditors and RBI inspectors, ensuring compliance with regulatory requirements.• Provided support in compiling the ICCAP document, facilitating measurement of risks such as liquidity risk and concentration risk.• Was designated Manager for Regulatory Compliance for Trade Finance and Treasury operations.• Offered guidance and support to business units on policy and regulation queries.• Tracked regulatory changes, reviewed new product/process papers, and aligned local policies with Group policies.• Developed regulatory checklists and ensured incorporation of regulatory changes into appropriate policies and procedures.
  • United Western Bank
    Chief Manager
    United Western Bank Mar 1984 - Jun 1994
    Mumbai Metropolitan Region
    • Enforced transfer pricing policies according to internal banking guidelines.• Conducted credit appraisal across various industry sectors.• Managed branches with turnovers ranging from INR 100 to INR 500 Crores.• Implemented Core Banking software, to enhance operational efficiency.• Established a "Centralized Loan Processing Cell" and integrated treasury operations for an overseas branch.• Conducted thorough pre- and post-disbursement evaluations to assess project viability.• Liaised with legal departments to obtain property title clearances for secured loans.• Executed loan documentation and mortgage deeds while ensuring compliance with formalities.• Conducted regular follow-ups for overdue recoveries, ensuring adherence to regulations.• Analyzed borrower projections, presented proposals for approvals, and managed post-sanction formalities

Ajit Ranade Education Details

Frequently Asked Questions about Ajit Ranade

What company does Ajit Ranade work for?

Ajit Ranade works for Translab.io

What is Ajit Ranade's role at the current company?

Ajit Ranade's current role is Experienced Banker | Retail & Corporate Banking, Treasury Ops, Risk & Compliance Management | Multi-Country Regulatory Compliance, Process Automation, Problem Solver & Strong Communicator..

What schools did Ajit Ranade attend?

Ajit Ranade attended University Of Mumbai, Ssvp College, University Of Pune.

Who are Ajit Ranade's colleagues?

Ajit Ranade's colleagues are Tushar Bhabad, Md Sajid, Naveen G, Vikas Kumar, Inderpal Singh, Sainaya Brid, Novhi Joth Singh.

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