Vinit Rasiwasia
Head Of Operations at Silwana Brokerage- Claim this Profile
Click to upgrade to our gold package
for the full feature experience.
-
hindi -
-
Gujarati -
-
Marathi -
-
Assamese -
-
Bengali -
Topline Score
Bio
Credentials
-
Certificate in Securities (United Arab Emirates)
Chartered Institute for Securities & InvestmentOct, 2019- Nov, 2024 -
Operational Risk
Chartered Institute for Securities & InvestmentSep, 2019- Nov, 2024 -
Introduction to Securities & Investment (International) English
Chartered Institute for Securities & InvestmentAug, 2019- Nov, 2024 -
UAE Financial Rules and Regulations
Chartered Institute for Securities & InvestmentAug, 2019- Nov, 2024
Experience
-
Silwana Brokerage
-
United Arab Emirates
-
Financial Services
-
1 - 100 Employee
-
Head Of Operations
-
Oct 2021 - Present
Working as Head of Operations and taking care of regulated trading business on DGCX. Also working on getting regulated CFD license for the company. getting opportunity to learn CRYPTO exchange business and utility tokens issuance. • Observing each employee's individual strengths and initiating, mentoring program to improve areas of weakness. • Devising processes to boost long-term business success and increase profit levels • Handling supervisory SCA compliance function and overall DGCX operations • Training and guiding team members to maintain high productivity and performance metrics. • Involved in feasibility study/business plan for SCA regulated FX and Fund management license • Looking at different avenues to do arbitrage trading in cryptos through direct access to different crypto exchanges • Acquiring knowledge of crypto account set up and all trading and wallet related operations • Gaining good experience of all compliance related reporting in regulated environment Show less
-
-
-
-
Head Of Operations
-
Jan 2018 - Present
Worked as Head of Operations for setting up desk for Shariaa Compliant Gold Contract, which is traded on DGCX. Gulf Liquids and DGCX were partners for launching the product. o Took care of overall operations and compliance o Set up the business in Dubai and KSA, o Arranged FATWA from competent scholars o Managed sales and marketing to drive the broking business on DGCX. o Done industry visits and DGCX coordination o Worked on feasibility related to Bullion import and mine/refinery financing o Working on business idea for delivery of physical bullion on real time/trade day basis o handled all process related to obtaining SCA regulatory license o Formulated process and compliance Manuals for a new broking business set up Show less
-
-
-
-
COO
-
Apr 2014 - Sep 2015
Headed Operations, compliance and accounts. Successfully managed to get the operations streamlined as per the promoters requirements. • Refined organizational structure to consolidate, streamline and delineate necessary functions. • Successfully investigated of previous anomalies • Supported in finalizing yearly financials • Implemented compliance procedure and reporting system • Liaised with regulators Headed Operations, compliance and accounts. Successfully managed to get the operations streamlined as per the promoters requirements. • Refined organizational structure to consolidate, streamline and delineate necessary functions. • Successfully investigated of previous anomalies • Supported in finalizing yearly financials • Implemented compliance procedure and reporting system • Liaised with regulators
-
-
-
-
Manager
-
Feb 2006 - Apr 2014
Started the company from scratch from a 1 man company to taking the company in the top 5 broker company by volume of DGCX in a span of 3.5 years. • Setup the company from start and grew along with the company • Acquired new clients, onboarded and maintained client relationship • Worked as a trader for the clients • Discussed trading strategies with clients to highlight current market sentiment, price points of resistance and support and liquidity characteristics of positions. • Technically analysed different markets to advised clients accordingly • Arbitrage spread trading for self and clients • Discretionary Trading for clients • Liaised with DGCX and SCA compliance • Implemented new SCA regulations in 2014 • Written technical report on Gold and Silver for SHARPS PIXLEY Show less
-
-
-
Indusind Bank - Treasury
-
Mumbai, Maharashtra, India
-
Bullion desk ( Front and Back Office)
-
2002 - 2005
Started to work at Indusind Bank as a management trainee and moved to a position of Asst. manager and Deputy Manager before exiting the Bank working in Treasury front office. It was quite an achievement to move from a management trainee to treasury front office. • Traded in Precious Metals and currencies • Built and maintained customer relationship and counter party Banks/ Suppliers • Relationship manager for bullion products • Actively involved in Nationwide launch of gold coins for retail customers • Handled product development and marketing for gold coins and implemented business plan • Involved in Corporate Sales (Direct) Treasury, Operations and system implementation (September '02- March ‘04) • Settled/ Contracts of Inter-bank deals • Swift Operations • Inter Bank Claims, Brokerage • Bullion Back Office Operations • Valuation of Merchant forward contracts • Active team member for implementation of OPICS - A State of the Art Integrated Treasury Software Solution by MISYS, which supports Forex, Money, Equity, Commodity and Derivative products • Settled/ Contracts of Inter-bank deals • Swift Operations Show less
-
-
-
IndusInd Bank
-
Ahmedabad, Gujarat, India
-
Asst. and Deputy Manager
-
2000 - 2002
Started working as management trainee and gained experience in banking operations and corporate banking. Corporate Banking (September '01 to August '02) • Assessed fresh loan disbursements or enhancement/renewal. • Monitored drawing power • Reported various Returns to Corporate office Branch and Retail Operations (September, 2000 to Aug 2001) • Front office and retail operations • Prepared Branch performance report. • worked as Relationship Manager for HNI's and corporate clients • Carried out promotional activities at Branch level • Given online information on products and schemes • Online solution to investor requirements about his investments and queries • Organized and coordinated exhibitions • Handled walking customers. Show less
-
-
Education
-
1998 - 2000
University of Mumbai
MMS, Finance -
1994 - 1997
University of Mumbai
Bachelor's degree, Accounts and Economics
Community
