Dynamic and accomplished Management Consulting professional with 14+ years of proven expertise in strategy, business transformation, and digital innovation within the financial services sector. With a solid background working at PwC India and ICICI Bank Ltd., I possess a track record of redefining business models to thrive in evolving landscapes through the digitization of processes and transaction journeys. My passion lies in delivering innovative strategies for enhanced customer engagement, technology adoption, operational excellence, and sustainable growth.Key Highlights:- Successfully led teams to reshape business models, driving efficiency and agility in response to changing market dynamics.- Adept at stakeholder management, collaborating closely with senior executives and key stakeholders to align technology solutions with business requirements.- Strong advocate of team engagement, I've mentored junior members, fostering a culture of continuous learning and personal growth.- Proficient in developing and implementing comprehensive strategies that deliver tangible results, backed by extensive market research and data analysis.- Accomplished project manager, consistently ensuring projects are delivered on time, within budget, and meeting quality standards.Throughout my career, I have demonstrated an exceptional ability to create solutions that bridge the gap between business needs and cutting-edge technology. My expertise spans a wide spectrum, including business transformation, faster payments, trade finance, cross-border remittances, digital transformation, change management, API banking, and digital banking.I'm proud to have won awards for my contributions, including the "X-Factor Award" for securing new deals, "Top Accounts Manager" for exceptional contributions within the team, and the prestigious "i-Ratna Award" for outstanding performance.As an enthusiastic and visionary professional, I'm dedicated to driving innovation, guiding businesses through transformative journeys, and creating sustainable success. Let's connect to explore how we can collaborate for mutual growth and excellence.
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Associate DirectorSetuDelhi, India -
Associate DirectorPwc India Apr 2024 - PresentGurugram, Haryana, India -
Principal ConsultantPwc India Oct 2022 - May 2024Gurugram, Haryana, IndiaIn my current role as a Manager at PwC India's FS Technology Consulting, I am at the forefront of designing and executing transformative solutions that drive success within the ever-evolving financial services landscape. With an unwavering focus on innovation and strategic execution, I lead end-to-end delivery of consulting projects, ensuring the seamless attainment of client objectives within engagement parameters. My responsibilities encompass executing day-to-day project tasks, steering business development initiatives, nurturing cross-selling avenues, and crafting visionary propositions aligned with emerging industry trends.As an adept management consultant, I drive transformative solutions that strategically position businesses for success within the BFSI landscape. Leveraging cross-functional collaboration and a diverse array of experiences, I architect solutions for sustainable growth, operational excellence, and enduring impact. -
Chief Manager-IiIcici Bank Mar 2022 - Sep 2022New Delhi, Delhi, IndiaAs a driven Chief Manager-II in ICICI Bank's Transaction Banking Group, I expertly managed a dynamic team of Account Managers while overseeing a diverse portfolio comprising Fintech Companies, SME clients, Mid & Large Corporates, and MNC clients within the Transaction Banking Division. My tenure saw me ascend to the esteemed Chief Manager Band 2 (CM-II) designation in April 2022, reflecting my proven ability to orchestrate multifaceted strategies and deliver exceptional outcomes.In my role at ICICI Bank, I honed my skills in strategic planning, cross-functional collaboration, and innovative solution design. My experience spans a comprehensive array of responsibilities, underpinned by a dedication to excellence and an unyielding commitment to achieving impactful results.Key Deliverables and Contributions:- Strategically formulated and executed comprehensive business plans and partnership programs, successfully driving digital adoption and engagement of innovative banking solutions for corporate clients.- Collaborated extensively with cross-functional stakeholders to shape and anchor strategic priorities and work streams, ensuring alignment with organizational goals.- Exhibited adept team management skills, steering the team towards the realization of individual and broader zonal objectives. Assigned work streams, monitored workloads, resolved overloads, and meticulously managed deadlines and daily deliverables.- Engaged with clients hailing from diverse industries, leveraging a customer-centric approach to develop value-added solutions and structures that facilitated seamless entry points into the payments and trade wallet ecosystems.- Orchestrated customer journeys that seamlessly integrated front-end experiences with back-end processes, collaborating closely with tech teams to deliver best-in-class customer experiences.- Assumed the helm of complex cross-functional projects, adeptly leading teams and driving for quantifiable results and tangible outcomes -
Chief Manager ( Cm I )Icici Bank Apr 2018 - Mar 2022Delhi, IndiaAs an Account Manager in ICICI Bank’s Commercial Banking division, I spearheaded initiatives that merged my strategic acumen with banking expertise, propelling the organization forward. Promoted to Chief Manager (CM-I) in April 2018, I consistently championed innovation, digital transformation, and client-centric solutions.Key Contributions:- Digital Transformation Leader: Orchestrated a paradigm shift in product management by conceptualizing, designing, and launching a comprehensive digital solutions roadmap. This initiative seamlessly integrated digital payments into corporate banking, enhancing efficiency and customer engagement.- Innovative Product Development: Drove the definition, testing, and scalability of pioneering product and service offerings, underpinning client engagement strategies. - Trade Finance Expertise: Managed a diverse portfolio encompassing Trade Finance endeavors such as SBLC-backed funding, Export and Inland LC-backed Bank Line Credit, FD-backed limits, and Trade Credit solutions. These initiatives strengthened relationships and fortified the bank’s financial capabilities.- Holistic Client Management: Directed trade finance and Cash Management Services (CMS) operations for diverse clientele, including MNCs, large corporations, and government bodies. My responsibilities spanned across Payments and Collection solutions, E-Tendering Services, Escrow services, Letter of Credit issuance, Buyer’s Credit, Export services, and Bank guarantees.- Technological Integration: Employed platforms such as Trade Online, Trade Connect, and Integrated Payment Solution via H2H and API integration to optimize processes, enhance efficiency, and elevate client experiences.- Supply Chain Financing Innovator: Leveraged ICICI Bank’s Financial Supply Chain Management (FSCM) suite to introduce groundbreaking Supply Chain Financing solutions. This fostered seamless collaboration and financial management within intricate supply chain ecosystems. -
Senior ManagerIcici Bank Apr 2015 - Mar 2018New Delhi, Delhi, India -
ManagerIcici Bank Feb 2010 - Apr 2015Mumbai, Maharashtra, IndiaIn my role within Payments, Account Servicing, and Trade Operations at ICICI Bank's Commercial Banking division, I played a pivotal role in ensuring seamless financial transactions and exceptional client experiences. Spanning from October 2010 to April 2015, my contributions encompassed diverse responsibilities and leadership roles.Key Contributions:- Managed crucial functions including current account servicing, payments processing, and account opening, ensuring accurate and timely financial transactions for a diverse clientele.- Executed General Banking Operations with precision, overseeing a variety of transaction processing activities while maintaining the highest standards of efficiency and customer satisfaction.- In April 2011, I demonstrated my leadership abilities by assuming the role of Team Leader for General Banking Operations. I successfully guided a team of 5 Customer Service Executives (CSEs) towards improved operational excellence and heightened customer interactions.- In April 2012, I transitioned to Trade Finance Operations as the Team Lead. In this capacity, I managed a team of CSEs, driving end-to-end processing and closure of transactions related to Letter of Credit, Bank Guarantees, and Exports.- Orchestrated the meticulous scrutiny of Bank Guarantees and export documents, ensuring the identification and resolution of discrepancies. This dedication contributed to smooth processing and enhanced client satisfaction.- Leveraged a proactive approach to meet Transaction Turnaround Time (TAT) targets, streamlining processes and optimizing efficiency in trade finance operations.- By ensuring meticulous scrutiny and efficient management, I played a crucial role in facilitating smooth trade operations and financial transactions, enhancing the bank's reputation for reliability and accuracy. -
Icici Bank Business Leadership Program (April 2013)Niit University Apr 2013 - Mar 2015 -
Claims Management ExecutiveMdeverywhere India Pvt. Ltd. Jun 2008 - Dec 2008Worked with Denial Handling Team.
Sumit Verma Education Details
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Banking And Finance
Frequently Asked Questions about Sumit Verma
What company does Sumit Verma work for?
Sumit Verma works for Setu
What is Sumit Verma's role at the current company?
Sumit Verma's current role is Associate Director.
What schools did Sumit Verma attend?
Sumit Verma attended Indian Institute Of Management, Calcutta, Niit University.
Who are Sumit Verma's colleagues?
Sumit Verma's colleagues are Monika Singh Chahal, Rahul Khanna, Santosh Salimath, Madhuri Anand, Dhruv Misra, Devarsh Shah, George Thomas Shanti.
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Sumit Verma
Senior Vice President, Regional Placement & Portfolio Solutions Leader At Marsh MclennanDelhi, India -
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