Prasad Gadwal
Country Editor - Iraq
Name: Prasad Gadwal
Position: Consultant, Trade Finance, Trade Bank of Iraq, Baghdad
Permanent Address: 86A/43, Brindavan Society, City: Thane, India
Phone (Office): 964 1 5433 561 / 2 / 3
Phone(Res): 91 22 25414830
Fax (Office): 964 1 5433 560
Cell: +9647904296107, +9647710308841
E-mail: spgadwal@yahoo.com, prasad_gsn@yahoo.com
EDUCATIONAL QUALIFICATIONS:
M.A. in Political Science from Karnatak University, Dharwar, India in 1978 Percentage: 56%
CAIIB-I from Indian Institute of Bankers, Mumbai in 1986)
WORK EXPERIENCE
CURRENT POSITION (April 2006 – Till Date) - Consultant, Trade Finance, Trade Bank of Iraq, Baghdad
Trade Bank of Iraq, a Govt of Iraq owned Bank established in 2004 has achieved trade finance turnover of over USD42.75 billion up to 31/12/2010. The Bank earned a profit of USD380 million for the year ended December 2010. Reporting directly to the President of the Bank.
Main responsibilities included:
Assist the bank in centralizing their trade finance and correspondent banking activities.
Implement Trade Finance Software integrating it to the Core Banking software and SWIFT terminal.
Interact with Central Bank of Iraq for monitoring the funds of various ministries of Government of Iraq for the purpose of opening Letters of Credit.
Liaise with existing International Banks who have correspondent banking relationship with the bank and set up lines of credit with international banks for trade finance activities.
Streamlining the MIS by customizing the crystal reports according to the requirements of the bank.
Involve in the computerization of trade finance operations in the branches.
Cater to the Trade Finance requirements of private corporate clients in Iraq.
Instrumental in successful implementation of TIPlus and Equation banking solutions on 1/3/2010 in Baghdad after completing the UAT in Beirut. Presently involved in centralization of all Trade Finance operations of the Bank.
Achievements:
Actively involved in migration of existing historical data in TI to TIPLUS by executing the conversion scripts to migrate data from Midas/TI to Equation/TIPLUS.
Installed TIPLUS in 3 different servers (CSCS, WIS and WIC servers) which is done for the first time by Misys.
Successfully implemented the Trade Finance Software (Trade Innovation software developed by Misys) after completing User Acceptance Test of the modules provided to the Bank.
Independently customized, tested and implemented four additional LC product modules into the Trade Innovation software.
Trained team of 30 members in LC / LG Departments in the operations of the implemented Trade Finance Software and procedures relating to accounting of LC transactions and the method of handling an LC transaction in its entire life-cycle.
Prepared the user manuals for each module in the system.
Created an interface to Equation module to generate reports through Crystal Reports as per the requirement of the Bank.
Brought modifications to the internal control of Trade Finance Department by streamlining the accounting procedures of the bank relating to Trade Finance activities.
Introduced procedures for auditing of trade finance transactions of the bank.
Instrumental in reconciliation of all account-heads relating to Trade Finance Department; acted as resource base for Trade Finance Department during audit of the bank for the years 2006 to 2010.
Developed the crystal reports to provide MIS data for the management as per their requirements.
Streamlined the LC opening procedure by modifying the LC application and posting it into the Bank’s internet site.
Introduced Indemnity Form for LC to be obtained from the applicants.
Set up Customer Service Unit to provide support during entire life cycle of a letter of credit.
Prepared Manual of Instruction for all Trade Finance activities of the bank
Set up lines of credit with prime banks in Europe / Middle East at competitive pricing.
Arranged Buyers’ Credit at competitive pricing to Corporate Clients in Iraq
Prepared Chart of Accounts for TI+ software.
Provided functional specifications to convert existing MidasPlus Chart of Account of the Bank into Equation Chart of Account.
PREVIOUS POSITION (1) (November 2005 to March 2006) - Business Analyst and Test Manager with Infrasoft Technologies Ltd
PREVIOUS POSITION (2) (Sept 2004 to October 2005) - Asst Vice President, Product Development, Union Bank of California
PREVIOUS POSITION (3) (Oct 2003 – Sept 2004) - Module Leader – Trade Finance & Foreign Exchange at Infrasoft Technologies, Mumbai.
PREVIOUS POSITION (4) (Oct 1998 – Sept 2003) - Head – Foreign Exchange and Trade Finance at State Bank of Mauritius Ltd, Mumbai.
PREVIOUS POSITION (5) (1979-1998) - Started career as Clerk in Vysya Bank in 1979 in International Division, Bangalore. After promotion as Officer in March 1990, worked in different capacities – as Corporate Dealer, Officer (Trade Finance), Senior Deputy Manager in Scale II.
TRAINING PROGRAMMES ATTENDED
Foreign Exchange Training Programme for Clerks in July 1979.
Foreign Exchange Bourse Programme for Officers conducted by Canara Bank, Bangalore in Feb. 1990.
Foreign Exchange Orientation Programme conducted by Reserve Bank of India, Mumbai in July 1990 for Officers.
Advanced Foreign Exchange Programme for Officers/Managers conducted by Vysya Bank in Sept. 1995
Advanced Foreign Exchange Programme for Managers conducted by Vysya Bank in July 1996
Workshop on NRI products conducted by RBI in Sept 2000.
On-line Training in Trade Finance & Correspondent Banking Products with Union Bank of California, New York in Nov 2004-Jan 2005.
On-line training on Anti Money Laundering measures conducted by Union Bank of California, New York in Feb-April 2005.