Hariharan Eswaran
Bengaluru
Summary
Accomplished and motivated executive with 17+ years of experience in Regulatory Reporting Operations, ISDA OTC Confirmation, and Securities Settlement/clearance. Successfully migrated multiple processes from on-shore to off-shore and effectively managed teams ranging from 9 to 32 fte. Demonstrated excellence in ensuring high productivity and quality standards.
Overview
17
17
years of professional experience
1
1
Certification
Work History
Assistant Vice President
BNP Paribas India Solutions
Bangalore
08.2021 - Current
- Played an integral role in rewriting JFSA, MAS, ASIC, Korea, and HKMA alongside Reg.IT and the project team.
- Collaborated with IT team to follow up on new releases for upcoming regulatory projects.
- Provided estimations and managed expectations from Business, compliance, and team resources and constraints.
- Established effective measures to minimize operational risk in the process of regulatory onboarding.
- Revamped existing controls for improved process flow, efficiency, and accuracy.
- Facilitated the implementation of target regulatory report controls framework through close collaboration with senior leaders and workforce.
- Collected and organized data for targeted surveys as per central bank and regulatory requirements.
- Engaged in regular reviews of key operational processes together with internal stakeholders to meet the local regulatory demands, such as SEBI and SPR.
- Efficiently arrange and facilitate routine meetings for sharing progress updates with ITO management, Compliance, Business, and IT teams.
- Assisted in managing the reporting teams and provided close interaction and governance to the local operations team for effective regulatory reporting processes and timely issue escalation.
Regulatory Reporting (Sr. Manager)
Standard Chartered GBS
Bangalore
05.2019 - 07.2021
- A strong understanding of the regulatory reporting landscape and centrally managing dual location responsible for regulatory operations/reporting, delivering post-trade regulatory compliance through execution and oversight of key operational processes and controls. Such reporting includes SFTR, MiFID II, EMIR, MAS, HKMA, and DF, and managing risk mitigation and mandatory reporting obligations.
- Understand all the regulatory reporting requirements for SCB and partner in implementing a full front-to-end solution, along with designing a robust Target Operating Model identifying all risks and appropriate mitigation.
- Engage in UAT testing and implementation of all the regulatory reporting solutions that SCB would be subjected to SFTR, MiFID, and EMIR/DF regulations, and managing backlog refinement to increase the completeness of regulatory reporting.
- Align the key operational processes and controls, adhering to SCB's Regulatory Reporting Control Standards.
- Manage day-to-day processes and controls across an array of reporting regulations, such as SFTR, EMIR, DF reporting requirements thereof.
- Ensure that the controls being implemented are effective at mitigating cause of process failure, and any gaps are well articulated through the Operational Risk Framework Ensure that the key risk indicators (KRIs) are appropriately defined, measured and captured within the Operational Risk Framework
OTC Derivative Operations Senior Manager / Manager
Standard Chartered GBS
Chennai,Bangalore
06.2015 - 04.2019
- Managing 32 FTE of BAU operations for ISDA OTC Derivatives across product businesses.
- Delegate workload across the team efficiently to yield maximum capacity and fungible.
- Monitor and update the capability matrix of the team, and plan for training requirements.
- Ensure cross-training is done, and succession planning is in place for all key resources.
- Focus on automating processes like RPA, semi-automation with optimal cost.
- Managing production workflow, ensuring all trades are issued within SLA.
- Develop relationships with stakeholders like Middle Office, Front Office, Client Engagement, Client Managers, etc., and ensure all due diligence is performed effectively.
- Assisting in the production of various reports to be presented to Senior Management for forecasting, budgeting, etc.
- Influence team members to achieve and support management's visions and bank strategies.
- Managing operational risks within the daily processes, like internal/group audit.
- Developing and implementing innovative solutions, providing value-added support to new markets, and onboarding new products.
- Participate in all Recruitment Drives on behalf of the Business and develop people for new projects like Mifid, Brexit, etc.
Process Lead
Tata Consultancy Services
Chennai
07.2014 - 05.2024
- Driving team size of 9 FTE towards achieving the Set Targets, SLAs for OTC Confirmation Drafting.
- Guiding, planning, and driving the team in daily BAU activities.
- Working towards OTC ISDA trade Confirmation prepared within T+1 in line with ISDA Master Agreement, CSA and MCA check, actively escalate trades to various stakeholders like Trading, MO, Legal and arrange lock-in call with the them to get resolve the queries within stipulated period
- Conference calls with global stakeholders to present weekly deck report on the deliverables.
- Participating and providing necessary input about trade, Legal Template details to the Thunderhead team to increase the STP rate.
- Capturing all process changes in DOI and getting approval from Global Stakeholders.
- Responsible for 1st level escalations, maintaining all details related to internal/external audit compliance.
- Preparing Capacity Model for the management to check resource utilization with revenue perspective.
Process Lead
Wipro
Chennai
07.2013 - 07.2014
- Allocating and guiding the team of 3 FTE in daily BAU activities and acting as a checker for their making.
- Ensuring all the trade exceptions are cleared within the set time frame.
- Review and monitor all the trade exceptions on a regular basis to ensure no instances of process breach.
- Provide training to the new joiners and update the team on any process changes.
- Responsible for all the process escalations and their resolutions in a timely manner.
- Liaising with client, brokers, middle office, and traders for unmatched failing trades.
- Moving Bonds from one market/depot to another to settle the failing trades.
- Liaising with Treasury for funding on additional collateral requirements to cover the high nominal trades.
- Handling post-settlement investigation queries and assisting in clearing the break of reconciliation tea.
Senior Analyst
Wipro
Chennai
08.2010 - 07.2013
- Managing Affirmation, Drafting, Reviewing, Matching, and Chasing the OTC ISDA Derivative confirmations Trades in line with ISDA Master agreement, CSA, and MCA checks, query resolution, negotiating any disputes on the incoming confirmations which have economic mismatches while ensuring that the confirmation process follows the firm's procedural, legal, regulatory, and audit compliance framework.
- Liaise with internal and external partners, such as traders, sales desk, middle office, front office, and counterparty/clients, to accurately draft and execute the confirmations.
- Independently resolve outstanding issues and communicate/escalate problems to senior management.
- Checking incoming confirmation and email queries and chaser requests from counterparties, and confirmation matching and handling phone queries.
- Monitoring and ensuring closure of daily, weekly, and monthly deliverables in various aspects of aged outstanding confirmations. Managing KPIs and SLAs on an ongoing basis.
- Leading internal projects and contributing to client-driven projects like STP analysis, UAT Testing, and Template automation in Wipro.
Process Executive
Deutsche Bank
Bangalore
05.2008 - 07.2010
- Conducted reviews of OTC Derivatives trade tickets and legal ISDA, CSA, and MCA documentation to identify discrepancies related to trade levels.
- Effectively negotiating with external counterparties to resolve documentation disputes and chase unsigned trades with clients.
- Getting the confirmations signed and recognized, which are of high risk to the bank.
- Identify the Economic or Non-Economic Discrepancies in the Derivative Documents, as per ISDA Guideline.
- Conference calls with the client to resolve the issues on a weekly basis.
- Contributing internal project, like standardization of process and scrap analysis, in Deutsche Bank.
Process Associates
HCL
03.2007 - 05.2008
- Clean-up of settled trades in DB System based on various reports generated throughout the day Clean-up for Cash, Repo, Par-off & Realignment trades Clean-up of settled trades based on Swift instruction queue
- Removal of clean up for Reversals based on Euro clear report & BONY report
- Clean-up & removal of clean up breaks based on mails received from Reconciliation team
- Escalations to Reconciliation team & middle office for discrepancies and preparing daily checklist and MIS.
Education
MBA - Finance and System
Business School of Management (SRM University)
Chennai05-2007
B. Com - Commerce and Computer Application
AVS College of Arts & Science (PERIYAR University)
Salem05-2005
DCM - Diploma in Co-operative Bank Management
Institute of Co-operative Management
Salem03-2002
Skills
- Regulatory Reporting Operations
- Regulatory Re-writes (JFSA, MAS, ASIC, Korea & HKMA)
- Project Management/Agile
- ISDA OTC Derivatives Confirmation Operations
- Process Migration / Transition /New Setup
- Risk Management
Project Skills
Functional Domains : Investment Banking / Financial Market Operations
Project Methodologies: Waterfall, Agile
Project Modeling Tools: Clarity, Confluence
Defect Tracking Tools: Jira
Project Requirement Analysis Techniques: Brainstorming, Focus Groups, Requirement Workshops, Observation, Data Dictionary, Use Cases, User Stories, Document Analysis, Business Rules Analysis, Process Modeling, Functional Decomposition, Problem Tracking, Risk Analysis, Estimation.
System handled:Murex, Summit, Oasis, Oppic, Poseidon, Pharos, Scrittura, Docs Driver, Docs Gold, WSI Xceptor, Inside Track, IHSM, TRAX and Thunderhead etc.
Certification
Ø Certification on Financial Markets I & II from Intuition.
Ø Certified Product Owner in Standard Chartered GBS.
Ø Certified in Operation Excellence in Standard Chartered GBS.
Ø Certification on TQM (Total Quality Management) from SRM University in association with IP Rings ltd (Chennai).
Ø Certified Green Belt (Six Sigma) in Wipro BPO.
Accomplishments
Ø Certificate of Appreciation Spot award (Oct & Dec 2010) in Capital Market Division in Wipro BPO.
Ø Certificate of Appreciation Star & Spot award (Sep 2009 & Feb 2010) in Capital Market Division in Deutsche Bank.
Ø Certificate of Appreciation Spot award (Dec 2007) in Capital Market Division in HCL BPO.
Personal Information
Date of Birth: 06/27/83
Marital status: married
Passport: Available
Timeline
Assistant Vice President
BNP Paribas India Solutions
08.2021 - Current
Regulatory Reporting (Sr. Manager)
Standard Chartered GBS
05.2019 - 07.2021
OTC Derivative Operations Senior Manager / Manager
Standard Chartered GBS
06.2015 - 04.2019
Process Lead
Tata Consultancy Services
07.2014 - 05.2024
Process Lead
Wipro
07.2013 - 07.2014
Senior Analyst
Wipro
08.2010 - 07.2013
Process Executive
Deutsche Bank
05.2008 - 07.2010
Process Associates
HCL
03.2007 - 05.2008
MBA - Finance and System
Business School of Management (SRM University)
B. Com - Commerce and Computer Application
AVS College of Arts & Science (PERIYAR University)
DCM - Diploma in Co-operative Bank Management
Institute of Co-operative Management