Credit Risk Analyst
Qatar National Bank
مجموع سنوات الخبرة :16 years, 7 أشهر
• Measuring, monitoring and reporting credit risk with a focus on counterparties that are active in the Equities, Derivatives, FX, Interest rate markets.
• Providing analytical and modeling support to traders and management, daily credit, credit VAR and DCA positions.
• Working with counterparty static data, including counterparty static data clean-ups, reconciliation, dealing with intersystem reconciliation, e.g. between Credit Approval systems and Limit Monitoring systems, and between Primary Trading Systems and Limit Monitoring systems
• Identifying major components of daily credit risk and proposes alternative action to reduce the amount of risk when limits are breached.
• Ensure adequate and timely collateral and margin calls are made to keep counterparties within approved credit limits
• Analyzed financial and credit data to assess counterparty creditworthiness with Knowledge of Credit Risk Measures / Methodology (PD, LGD, VaR, CVA).
Qatar National Bank -Qatar Jan 2012- Till date
Business Analyst, Global custody Securities services, Corporate Actions, Securities lending and Borrowing & Mobile Banking.
• Orchestrated and defined the $ 3.2 million USD Core banking data product migration in Global Custody, Corporate Actions from Flexcube to TCS BaNCS, Securities lending & Borrowing system within APAC and MEA region
• Identify the project requirements and plan the budget, resources on long term basis.
• Time to time report the project status to higher management level on daily basis
• Gained Experience in handling vendor evaluation process, GAP analysis, review RFP on Securities Processing, Corporate Action along with regulatory and custody report development review and sign off through solution analysis with stake holders and vendors.
• Reviewed and sign off gap analysis, functional specification, Solution analysis, interface between core banking as per business requirement.
• Supported in data requirements, overseeing testing and implementation of new reports under QCB regulations.
• Functioned as a primary bridge between the business, operations, technical and vendor for all throughout the Software Development Life Cycle.
• Scope includes: STP settlement services, Corporate actions services, Fund Administration, Core banking interface, Comprehensive reporting - SWIFT and non-SWIFT (Clearstream, DTCC, HSBC, BBH, and ITAU), Clearing and settlement services, services for third-party (issuing, paying agency, and custody)
• Current responsibilities include: ➢ Process & verify client's trade instructions, amendments and cancellations for MENA & APAC markets.
➢ Ensure that trades are released per market standards and requirements and within the various market deadlines.
➢ Follow up with sub custodians and settlement agents on the timely settlement of trades released.
➢ Escalation and monitoring of fails, claims and overdrafts. Additional emphasis includes knowledge of FX settlements, fixed income settlements, and/or collateral management.
➢ Working closely with the middle office operations, trading, and reconciliation teams to perform timely investigations and resolutions of failing settlements.
Completed the Global Custody securities services, Corporate Actions, Security Lending and Borrowing Project, Mobile Banking.
Standard Chartered Bank-Singapore Nov 2010 to Dec 2011
Business Analyst, Channels Product Development Global Custody Securities Services, Corporate Actions.
• Retooled in the STORM project to define the operating model for providing an effective Global Custody Securities Services, Corporate Actions processing platform.
• Ensure all client change requests are logged and assessed in a timely and satisfactory manner.
• Gathering information/requirements regarding the implementation of projects from stakeholders, along with Analyzing information to determine business risks and recommend solutions.
• Establish strong working relationships, with various teams, including the Relationship Management, Client Services, Operations, IT, Risk management.
• Ensure all change management services are delivered in accordance with the Change Management Framework and Standard Operating Procedures.
• Take accountability for ensuring business and process impact of IT programs is understood, clearly communicated and linked to change management activity.
• Provide regular updates and feedback as regards the progression of the various activities to stakeholders and the APAC Change Management Manager.
• Acted as expert resource with respect to the Product globally and remain close to the key customers to assure satisfaction and relevance of the product to customers evolving needs.
• Scope - Securities processing, SWIFT MT 5XX generation, securities lending and borrowing, corporate action processing.
• Projects: Global Custody Securities Services - BaNCS, Corporate actions, NAV Reporting, Trade Settlements, Position and Movements, Mobile Banking.
Deutsche Bank - Bangalore Nov 2009 to Aug 2010
Team Manager, DBOI Global Asset Management, Pricing and Corporate Action.
• Processed capital markets equities and derivatives for US, EMEA, APAC markets-75000 Securities universe events which include pricing, reconciliation and clean-up of the corporate action events.
• Efficiently controlled high attrition in the team (production of 10 FTEs), took various training initiative of project ALLEGRO during the migration of the process to State Street Bank.
• Handled mandatory and voluntary corporate action-related custody and accounting processing requirements globally for DBOI clients.
• Verification of Corporate Action announcements before approving instructions sent to internal/external clients depositories/custodians/sub custodians/agents/broker and reviewing accuracy of postings to client accounts.
• Reconciled and verified the event post-pay date and ensuring that all client, institutional and depot positions are in correct books and records with inclusion in the calculation of the daily Net Asset Value.
• Responsible for reviewing and approving the operational output of specialists to ensure accuracy on corporate actions activity for Global markets, including approving Corporate Action announcements sent to internal/external clients; approving corporate action instructions sent to depositories, custodians, agents, brokers.
• Responsible for creating, updating, and tracking outgoing SWIFT messages for Corporate Action announcements and confirmations.
Cognizant Technology Solutions- New York/ Hyderabad Mar 2008 - Apr 2009
Team Leader, Channels Group Development, Cash Management.
• Delivering BAU and application enhancement project for the Trade Finance domain. Ensuring accurate and timely processing of wire transfers through multiple banking platforms (outgoing and incoming)
• Processing check disbursements, tracking cash balances, wire account reconciliation, bank adjustments,
wire transfer research, special projects, support Treasury Department Sarbanes Oxley review and compliance, document control, review broker confirmations, bank statement control.
• Responsible for Analyzing business and functional requirement to design and execute exposure identification, trade capture, confirmation, settlement tracking and accounting & reporting of treasury transactions strictly following process management guidelines and achieved on schedule to develop business rules for validation.
• Coordinated global requirement management of key strategic initiatives to implement risk solutions for Derivative and Fixed Income financial products to support global financial management.
• Description - Support Treasury Management system implementation for back office work stream, Perform daily deal updates and deal validation, Investigation deal discrepancies and correct as necessary.
• Initiate deal accounting to general ledger system, Produce operation reporting and schedules, Assist with sub-ledger to GL reconciliation. Initiate all back office investigations and review with manager on periodic basis
Goldman Sachs Services Private Ltd- Bangalore Jul 2006 to Jul 2007
Technical Analyst - Goldman Sachs Asset Management, Fixed Income & Debit Interest team.
• Developed and sustain relationships on a global basis and supporting their ongoing reconciliation and trade settlement.
• Provided day-to-day support for all reconciliation accounts and data related aspects of the portfolio management Monitoring and validation of the prices received by providers for all instruments ( Fixed income, Interest Rate Swaps)
• Investigated and analyzed strange value .i.e. high/no fluctuation, inconsistency of the figures. Follow-up of daily activity via accurate Reporting and Dashboards (Key Performance Indicator)
• Reconciled, researched and analyzed portfolio data, positions, cash and accruals to various custodians on daily and monthly basis for fixed income securities and derivatives.
• Researched and resolve all trade and cash discrepancies by liaising with internal and external parties
• Responded to all inquiries from internal and external parties including Client Service and Clients.
• Bachelor of Commerce (Osmania University) - 55% 2003