Ashish Kumar
Bengaluru
Summary
Results-driven Operational Risk and Business Analysis Professional with extensive experience in investment banking operations, risk management, and regulatory compliance. Adept at analyzing General Ledger transactions, assessing Operational Risk Events (OREs), and implementing process automation to enhance efficiency. Proven expertise in data analysis, collateral management, and financial risk control. Skilled in leveraging technology to develop dashboards, monitor key risk indicators, and streamline reporting frameworks. Strong collaborator with cross-functional teams, ensuring compliance with organizational and regulatory requirements.
Overview
13
13
years of professional experience
1
1
Certification
Work History
Business Execution Consultant
Wells Fargo
Bengaluru
09.2023 - Current
- To assess, capture, monitor, update, and report Operational Risk Events (OREs) for Wealth and Investment Management.
- Partnered with the Control organization and lines of business within WIM to reinforce the objectives of Operational Risk in strengthening the control environment and avoiding Operational Risk Events for the company.
- Accountable for the execution of Operational Risk programs, appropriately fulfilling risk and compliance obligations, timely and effective escalation, remediation of issues, and making sound risk decisions.
- Broadened the scope of monitoring and reporting key metrics on the Operational Risk framework across the WIM Line of Business.
- Designed a new process and improved existing ones to resolve two years of backlogs, and sped up the current process to frame effective controls for operational risk events.
Team Lead - IB Operations
JPMorgan Services India Pvt Ltd
Bengaluru
01.2021 - 09.2023
- Conducted business analysis and identified critical issues and gaps in the current process affecting daily trades to enhance the process by 30% through the introduction of modern technologies and automation.
- Evaluated the likelihood and impact of risks, and designed and implemented risk mitigation strategies and control measures to minimize potential losses.
- Performed a business analysis of department-wide business processes, including KYC, regulatory reporting, client reference data, payments, and compliance, to simplify end-to-end bank processes.
- Managed collateral portfolios for diverse clients, ensuring efficient utilization and allocation of collateral assets in compliance with internal policies and regulatory guidelines.
- Conducted thorough collateral analysis, including valuation, eligibility, and margin requirements, to identify potential risks and opportunities.
- Collaborated with traders, risk managers, and legal teams to negotiate and execute collateral agreements, including ISDA, CSA, and GMRA.
- Monitored and reconciled collateral positions, ensuring accurate and timely margin calls, and collateral transfers.
- Conducted comprehensive risk assessments to identify potential in-scope clients for various regulatory projects, to reduce vulnerabilities and impact on the organization.
- Directed and supervised a team of eighteen engaged in the definition and development of various processes of posted collateral.
- Collaborated with the front office and tech team to automate processes, improving efficiency by 70% through various in-house and external services.
- Helped IBM develop logic and enhance the NLP workflow to automate most documentation received by the bank, thus reducing the time by 150%.
- Lead the team in the transition from EONIA to ESTR interest rates for Euro trading clients.
- Developed and maintained risk dashboards and reports to track key risk indicators, trends, and metrics.
- These helped manage priorities and monitor internal processes to meet objectives, thereby increasing efficiency and quality by 42%.
- Streamlined the commodity trading process and implemented enhanced governance for credit and collateral controls, migrating approximately $45 million in client collateral to strategic infrastructure. Thus, reducing manual operations and improving credit/collateral controls.
Operations Analyst
JPMorgan Services India Pvt Ltd
Bengaluru
12.2017 - 12.2021
- Reviewing and drafting of derivatives documents (ISDA, CSA, F&O Agreement, Prime brokerage, Sec Lending)
- Delivered one of the most strategically important and long-standing projects of the company thereby increasing productivity by 35%
- Was awarded various individual recognition awards for resolving stakeholders' requests with high efficiency and on time resolution
- Successfully transitioned company's business (more than $500 million) for Brexit
- Designed and automated reports to identify errors across various agreement titles to help rectify the manual errors on time
- This in turn reduced the various regulatory and daily trade impacts
- Automated 90% of reporting requirement of team which reduced reporting time by 75%
- Successfully transitioned various in-house technologies to increase efficiency of process flow thereby making the company proficient in meeting regulatory requirements
- Resolved trade related issues daily in collaboration with the middle office
System Engineer (Analyst)
Tata Consultancy Services
Bengaluru
10.2011 - 02.2015
- Spearheaded and delivered critical database project for American Express valued at US$10 million
- Managed accounting activities related to revenue recognition and revenue assurance process
- Productively resolved customer record issues by tracking missed, incomplete and duplicate files, resulting in a significant reduction of 25% in loss of files during transmission
- Monitor, approve and provide reporting on financial transactions
- I analyzed legislation and conducted impact analysis
- Strategic development of business solutions through website development for Commonwealth Bank of Australia
- Held responsibility of overall quality control and increased efficiency of website by 75%
- Developed and executed new functionalities of open-source platform, Open stack
- Initiated research of next-generation technologies, including cloud virtualization and containerization
Education
Master of Business Administration -
University of Exeter
Exeter, United Kingdom10.2016
Bachelors in engineering -
Siddaganga Institute of Technology
Tumkur, India06.2011
Skills
- Data Analysis and Reporting
- Investment Banking Operations
- Derivatives
- Asset Management
- Fund Accounting
- AML/KYC
- Collateral Management
- Business Analysis
- Repo
- Trade Life Cycle
- Regulatory Reporting and Compliance Knowledge
- OTC
- Equities
- Financial Markets
- Capital Markets
- Fixed Income
- SQL
- Microsoft Excel
- Risk and Control Management
- Problem-Solving
- Operational Risk Management
Websites
Certification
- Financial Analytics, XLRI, 2020
- Advanced Certification in Financial Markets, ICICIDirect, 2019
- Certified Investment Banking Operations Professional, Imarticus Learning, 2017
Timeline
Business Execution Consultant
Wells Fargo
09.2023 - Current
Team Lead - IB Operations
JPMorgan Services India Pvt Ltd
01.2021 - 09.2023
Operations Analyst
JPMorgan Services India Pvt Ltd
12.2017 - 12.2021
System Engineer (Analyst)
Tata Consultancy Services
10.2011 - 02.2015
Master of Business Administration -
University of Exeter
Bachelors in engineering -
Siddaganga Institute of Technology
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