Senior Manager
Development Bank of Singapore Limited
Total years of experience :29 years, 4 Months
A commercially astute Senior Banking & Finance operations management professional with over 23 years of robust and progressive experience in driving control and supervision of Derivatives desk, Interbank Forex desk, Money Market desk, Funds Position desk, Reconciliations as well as spearheading the processing, confirmations, regulatory reporting’s and settlements of all the above products.
Possess excellent experience predominantly in the areas of treasury & investment operations, operations management and control, project management including straight through processing, payments system, business process, reduction in processing errors and turnaround time.
Instrumental in reviewing existing systems & procedures and design internal controls/quality audit checks for various operational areas for achieving higher operational efficiency, resource rationalization and cost reduction, supporting the compliance program for the FX while providing a real-time advisory services on Forex Compliance.
Extensive exposure in processing, reporting, settlement and confirmation preparation of various types of derivative products such as Interest Rate Swaps both FCY and INR, Options both FCY and INR, Currency Swaps, Interest Rate Futures and Currency Futures as well as product balancing of all the above products.
Monitoring and ensuring that established procedures and system Controls are followed with overall accountability of managing overall functions of Treasury Operations.
Authorizing SWIFT payments for settlement of all derivatives, Forex and Money Market products as well as RTGS rupee payments for settlement of all derivatives, Forex and Money Market products.
In-charge of Inter-Bank confirmations, maintaining Nostro and Vostro FUNDS position for the bank, RTGS payments system for INR settlements, CCIL settlements for USD/INR Forex deals and Money Market desk.
Instrumental in managing the entire FOREX operations of the bank, both Inter-bank (through CCIL) and Merchant, for Cash, Tom, Spot & Forwards, Crosses, Rollovers and Cancellations of merchant contracts.
Domain Skills
•Improving treasury operations by implementing the processing strategies, real time core banking solutions and risk management to reach real time information management;
•Working in the DERIVATIVES section, overseeing CCIL Novation for INR IRS trades done and its daily reconciliation and authorizing brokerage payments for the month;
•Monitoring and ensuring that established procedures and system Controls are followed with overall accountability of managing overall functions of Treasury Operations;
•Driving several automation projects as and when required to increase productivity, reduce time efforts and achieve cost saving and accountable for authorizing fixing of MIFOR, LIBOR and MIBOR trades;
•Assisting with analytical and implementation support to manage quality of data and core internal process, including Position capture, life cycle updates, data reconciliation Report generation etc.
•Stellar in accomplishing UAT for treasury operations for Murex-MX3 system implementation; developing quality standards and procedures, risk management plans, security risk assessments and implementing technical solutions;
•Authorizing SWIFT payments for settlement of all derivatives, Forex and Money Market products as well as RTGS rupee payments for settlement of all derivatives, Forex and Money Market products;
•Driving system improvements in Murex allowing the end user to be more efficient and accurate; organizing many internal trainings for the staff for better understanding and efficiency thus reducing the risks arising due to lack of knowledge;
•In-charge of Inter-Bank confirmations, maintaining Nostro and Vostro FUNDS position for the bank, RTGS payments system for INR settlements, CCIL settlements for USD/INR Forex deals and Money Market desk;
•Instrumental in managing the entire FOREX operations of the bank, both Inter-bank (through CCIL) and Merchant, for Cash, Tom, Spot & Forwards, Crosses, Rollovers and Cancellations of merchant contracts;
•Handling various R.B.I reporting for the above-related jobs like RBI call statistics, RBI forex statistics through FEMIS which includes F.T.D, Nostro, N.O.P., AGL, and maturity profile data for USD;
•Preparing the FXT report (Forex Turnover Data) every fortnight and updating various rates like MIBOR, LIBOR, FED RATES, etc.
to 15th April 1999 for treasury and forex operations. •“PAYMENT SYSTEMS IN INDIA” conducted by R.B.I from 18th
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