Anand S. Naik
Mumbai
Summary
With over 16 years of expertise in IB Operations Management within BFSI, I bring strategic insights to various business divisions and proficiently manage offshore and onshore operations. My track record has proven me to be a significant asset. Passion for continuous learning and desire to become a part of your team will ensure valuable contributions.
Overview
17
17
years of professional experience
2008
2008
years of post-secondary education
Work History
Director [AVP]
Morgan Stanley
05.2022 - Current
- Part of Global PMO division, leading APAC regimes project management for Trade and Transactions Regulatory reporting
- Leading CTB squad as Product Owner with 8-member team for APAC remediation, aiming to achieve a reduction in regulatory / operational risk
- Facilitated the process migration from legacy system to an enhanced platform for reporting Equity Cash and Listed Derivatives trades order tickets, ensuring minimal disruption to operations
- A pivotal liaison between QA, Tech, Compliance, and Run the Bank [RTB] teams, fostering efficient collaboration by adapting Agile methodology
- Source business requirements, functional specifications, use cases, and user stories using JIRA, streamlining the project planning and execution process
- Analyzed solutions drafted by team for remediating issues raised by the business, ensuring alignment with regulatory standards and compliance requirements
- Monitor the regulatory landscape, staying abreast of new or revised reporting requirements that may impact the bank, by analyzing consultation papers, regulatory text, and re-write papers
- Set a visionary direction, goals, and strategies for the team in alignment with the objectives of the senior leadership group
- Fostered a culture of excellence, innovation, collaboration, and diversity within the company, enhancing team productivity and morale
Associate
JPMorgan Chase & Co.
02.2016 - 04.2022
- Led a 9-member team, performing reconciliations across multiple systems viz; Booking / Risk Management systems, Sub-ledgers, Risk and P&L aggregators; Market & credit risk infrastructure and General ledger, resulting in efficient risk management
- Successfully handled FOBO and VaR reconciliations, integral to Regulatory & Risk reporting
- Collaborated with stakeholders on business-as-usual/adhoc management tasks for continuous operations
- Active contributor and partner with respective senior management for new business initiatives, product integration and process optimization
- Maintained integrity of books & records through monitoring of transactions
- Handled Monthly and Quarterly Balance Sheet certification and audit review process
- Conducted regular ledger monitoring to ensure accuracy between sub ledgers and general ledgers
- Oversaw suspense exceptions and ensured their resolution in collaboration with respective teams
- Responsibly addressed queries from external auditors for year-end SOX audit checks
Team Leader
Cognizant Technologies Solutions
03.2015 - 01.2016
- Led a 9-member team, validating T0 vs
- T1 variance and presenting PnL for sign-off; resolved PnL discrepancies
- Analyzed, validated, and explained PnL fluctuations driven by market movements and new business strategies
- Investigate PnL breaks in ledger vs
- The source feeder, mainly large swings in the positions (daily, weekly, MTD and YTD basis) and action accordingly
- Conducted regular reviews, adjustments in the control account after receiving approvals from the desk and Financial Controllers
- Monthly certification and substantiation of ledger balances for all three regions APAC, EMEA and NA
- Liaised with a range of stakeholders to troubleshoot and resolve ad hoc issues, maintaining monthly balance sheet and weekly updates with strong focus on resolution
- Safeguarded SOX compliance, diligently maintained records for audit and evidencing purposes
Team Leader
Wipro Pvt.Ltd.
11.2009 - 02.2015
- Led a 14-member team, managing interest claims function resulting in annual revenue of USD 20 - 30 million
- Ensured strict adherence to KPI & KRI standards, improved process efficiency through necessary amendments in process manuals
- Effectively communicated monthly and quarterly business reports to senior management and onshore clients
- Enhanced internal controls in process management, reducing aging cycle of outstanding trade fail charges
- Validated invoices from service providers and CSA clients, successfully processing payments and reviewing SWIFT transactions for Soft Dollar process
- Maintained accurate tracking of incoming funds and invoice creation, adhering to accepted service provider agreements
- Managed ledger entries to offset Nostro breaks, ensuring accuracy in accrual books and client & supplier statistics
State Street Syntel Pvt. Ltd.
06.2008 - 10.2009
- Managed reconciliation of cash, assets, price and accruals on a daily, weekly, monthly basis
Education
Bachelors in Commerce - Accountancy & Finance
University of Mumbai
XII - undefined
KES College
X - undefined
Our Lady of Remedy High School
Skills
People Management
Reconciliations
Product & Financial Control
Internal & External Audits
Project management
Operations management
Problem-solving
Business development
Strategic planning
Strategies and goals
Change management
Accomplishments
- Morgan Stanley, Recognized with 'Spot award' for project delivery within agreed timeline with miniscule exceptions, 09/23
- JPMorgan Chase & Co., Bestowed with Best Debutant and Star Performer awards, Introduced and implemented RPA BOT automation, resulted in 20% man-hours savings on non-value tasks, Partnered with tech teams for the introduction of XCEPTOR
- Cognizant Technologies Solution, Earned Best Team Award for ledger substantiation, 11/15
- WIPRO Ltd.
Work Location
Mumbai, Maharashtra
Timeline
Director [AVP]
Morgan Stanley
05.2022 - Current
Associate
JPMorgan Chase & Co.
02.2016 - 04.2022
Team Leader
Cognizant Technologies Solutions
03.2015 - 01.2016
Team Leader
Wipro Pvt.Ltd.
11.2009 - 02.2015
State Street Syntel Pvt. Ltd.
06.2008 - 10.2009
XII - undefined
KES College
X - undefined
Our Lady of Remedy High School
Bachelors in Commerce - Accountancy & Finance
University of Mumbai