Abhinit Kumar
Bangalore,KA
Summary
Performance-driven Vice President with 19+ years of experience aligning systems with business requirements, policies, and regulatory requirements. Passionate about applying excellent organization and communication skills to manage and lead teams. Results-oriented individual well-versed in interfacing and consulting on business processes to drive results based on sound overall business judgment.
Overview
19
19
years of professional experience
Work History
VICE PRESIDENT – Business Execution Manager
Wells Fargo International Limited
02.2023 - Current
- Leading team of underwriters within Securities Based Lending group involving daily monitoring of portfolio and collaterals
- Oversee execution of QA controls, ensuring timely completion and accurate submission of pass/fail results as per defined frequency.
- Drove the transition of fragmented workflows to a Target Operating Model (TOM) by standardizing procedures, improving interdepartmental coordination, and reducing operational risks
- Identifying and recommending opportunities for process improvement and risk control development
- Effectively monitored and led program implementation to address challenges with talent hiring working closely with the talent acquisition team bringing down business complaint by 70%
- Delivered process documentation uplift under the FRASA regulatory initiative to enhance audit readiness and improve internal control effectiveness
- Sponsored and led manager excellence program to get frontline managers trained on attrition management resulting in 10% reduction in voluntary exits
- Completed multiple data management cadence across Headcount, attrition, return to office resulting in better clarity to leadership group on overall talent management
- Led mandatory absence regulatory program management for India which included creating process document, report management and exception management
- Strategically lead various LOB wide initiatives like look back exercise of transition documents of all processes in production
- Conducting in detail gap analysis of depth chart scores for across operations area
- Mentoring and focus on talent development of direct reports
- Full service, primarily responsible for implementation of business execution initiatives
- Full service, primarily responsible for implementation of business execution initiatives
VICE PRESIDENT – Program and Transformation Change Lead
J P Morgan Services Pvt Ltd
03.2020 - 02.2023
- Directed the end-to-end migration of cash and collateral operations from legacy platforms to a unified strategic platform, improving settlement efficiency and reducing breaks.
- Effectively collaborated with multiple Tech, product development and product management teams
- Led UAT planning, execution, and stakeholder coordination to ensure timely business sign-off and seamless post-implementation cutover
- Managed design and business analysis of a highly complex cash account restructuring program
- Managing migration of collateral cash management triparty positions from legacy to a strategic platform including UAT initiation, planning and completion
- Spearheaded reference data remediation (instrument, client, agent) in alignment with TOM objectives, reducing onboarding cycle time and improving data accuracy
- JIRA and sprint management and prioritization done on weekly basis
- Managing daily Scrum call
- Work management through Agile methodology
- Resource planning for project and budgeting
- Full service, Primary responsible for design, analysis & IT planning, project management, change management and execution
- Full service, Primary responsible for design, analysis & IT planning, project management, change management and execution
VICE PRESIDENT, BUSINESS HEAD
Imarticus Learning Pvt Ltd
05.2014 - 03.2020
- Focused sales head with over achievement of target by 120%
- Effectively maintained working capital cost with reduction of 10% cost and cash management
- Effectively transitioned into centre management role with contribution 7.5 crore revenue
- Brought cost efficiency by working with digital marketing team and limiting the total marketing spend to less than 10%
- Worked with clients to get the program industry endorsed and was successful in getting 4 major clients onboarded
- Revamped and created the training content for IB operational processes like Trade Life Cycle, Settlements, AML/KYC Reference Data Management and Risk Management
- Created content for Online training program across products and process revolving around IB.
- Created internal R&R program for training team and linked it to placement.
- Have been able to achieve 750+ placements for all retail program graduating professionals in the year 2015-16
- Saved the company additional cost of Rs 200,000 by sourcing additional trainers using an internal resource.
- Reduced client complaints for all S2P batches by regularizing client reporting and escalation management with simplified batch management techniques.
- Increased efficiency and improved training quality of trainers by revamping the course map and linking it to placement focus directly.
- Full service, Primary responsible for business management.
- Full service, Primary responsible for business management.
TEAM MANAGER
BARCLAYS PLC
06.2012 - 04.2014
- Placed on new process migration of Fixed Income(Capital market) Confirmation and Settlement. from Singapore.
- Laid the process migration document in by developing a strategic roadmap for the successful transition.
- Improved efficiency, accuracy, of the team size of 20+ by coaching and mentoring the team to understand the process and managing daily risk items.
- Ensure all failed trades are prioritized and managed.
- Reporting all high value fails and escalating for quicker resolution.
- Pairing of any potential Capital market trades (equities and fixed Income)appearing in potential netting screen.
- Daily stock and cash recon with updated comments to meet the SLA’s
- Action on fails report and provide any settlement support to trading desk
- Created a process to identify the trade allegement to ensure all trades are matched before settlement date to reduce any risk and error free transaction management.
- Implemented Green, Yellow and White belt projects resulting in save of 2 FTEs in a year
- Managed cash payment team for collateral processing over 1000 payments on daily basis
- Implemented call back procedure to confirm the Standard Settlement Instructions before any cash payment.
- Reduced Trade escalations by putting effective escalation management in place and improved team response time.
- Implemented high risk reporting by creating $100mn fails report and circulating it to all major stake holders including business leaders and trading heads of Barclays.
- Created a happy work environment by building a inclusive and diversified workplace.
- Built improved work relations with internal and external clients by networking and providing on time assistance.
- Implemented archiving of all important emails and files for improved and efficient auditing experience.
- Full service, Primary responsible for fails management and confirmation of financial trades.
- Full service, Primary responsible for fails management and confirmation of financial trades.
ASSOCIATE LEAD SPECIALIST
BARCLAYS PLC
12.2007 - 06.2012
- Recruited to work and develop the already migrated process in the trade management division as an analyst and then got promoted to work as Lead Specialist.
- Reduced outstanding fails by focusing on adding additional clients to match and settle the FX and FX CLS ,Equity, Fixed Income and Derivatives trades
- In depth understanding of Stock Borrow Lending(SBL) to utilise the stocks as collateral for further borrowings by institutional clients
- Initiated and managed the execution global fails management tool FALCON as project manager, which helped in better fails management, client and management reporting and improved risk management.
- Implemented Standard Settlement Instructions call back process across regions (London, US and India)
- Onsite experience ,was instrumental in setting up the Salt Lake city, US business for Banking and Capital markets division
- Better client service through pro-active consultation with business partners and also built relations with custodian banks
- Managing cash and payment operations with the cash management team to fulfil any pending trade requirements
- Confirming and reconciling all necessary information on ISDA and CSA agreements to ensure accuracy of daily processing data for correct margin calls for collateral purposes
- Contributed to time savings on break allocation report by working with IT and automating the report
- Primary responsible for the trade management process.
- Primary responsible for the trade management process.
Birla Sunlife Insurance
06.2006 - 11.2007
- Financial planning by selling products like Life Insurance, MF to HNI clients.
- Worked closely with insurance underwriters to provide risk assessment of clients for issuance of policies
- Managing portfolio by providing regular updates on investments.
- IRDA certified
- Bancassurance Channel-Deutsche Bank
Education
Mechanical Engineering
M S Ramaiah Institute of Technology
Skills
Execution of strategic objectives
Policy implementation
Managing strategic initiatives
Effective team leadership
Strategic planning
Strategic decision-making
Workflow optimization
Risk management
Operations management
Notable Career Highlights
- Led end-to-end delivery of a strategic cash and lending onboarding transformation program for the European market, reviving a 2-year stalled initiative by overseeing full project execution, stakeholder alignment, and user acceptance testing (UAT) across front, middle, and back-office functions
- Scaled business support operations in global banking environment, leading India expansion from early stage
- Drove and Implemented regional standardization of QA controls by defining uniform frequencies, streamlining pass/fail reporting, and enhancing overall process governance
- Designed and Implemented mainly focused on process & efficiency improvements and attrition management for front line managers
- Initiated and developed a failed trade management tool at Goldman Sachs which resulted in strong fails and risk management process bringing down the overall failed trade numbers.
- Innovated a Standard Settlement Instructions maintaining system, at Barclays for fast and accurate processing of collateral payments.
- Established Goldman Sachs first overseas office in Salt Lake City(Utah) and achieved record risk management numbers by bringing it down by 25%
- In depth understanding of Stock Borrow lending for collateralisation of further borrowings by institutional clients
Timeline
VICE PRESIDENT – Business Execution Manager
Wells Fargo International Limited
02.2023 - Current
VICE PRESIDENT – Program and Transformation Change Lead
J P Morgan Services Pvt Ltd
03.2020 - 02.2023
VICE PRESIDENT, BUSINESS HEAD
Imarticus Learning Pvt Ltd
05.2014 - 03.2020
TEAM MANAGER
BARCLAYS PLC
06.2012 - 04.2014
ASSOCIATE LEAD SPECIALIST
BARCLAYS PLC
12.2007 - 06.2012
Birla Sunlife Insurance
06.2006 - 11.2007
Mechanical Engineering
M S Ramaiah Institute of Technology