Jaivrat Dugar
Vice President- Prime Services
Bengaluru,KA
Summary
Vice President with 12+ years of progressive experience across global banking institutions including Deutsche Bank, Barclays, and Wells Fargo. Extensive expertise in FX, Money Markets, Treasury Operations, Middle Office, and Prime Services, with a strong track record of driving automation, control enhancements, and transformation initiatives. Currently leading Prime Services with end-to-end accountability for governance, regulatory oversight, audit management, business transitions, and strategic execution, while building high-performing teams and delivering operational excellence aligned with enterprise objectives.
Overview
13
13
years of professional experience
2027
2027
years of post-secondary education
2
2
Languages
1
1
Certificate
Work History
Vice President- Prime Services
Wells Fargo
02.2025 - Current
- Lead and manage a 15-member Prime Services team overseeing Listed Options, Prime Brokerage (PB) Margin, Stock Borrow and Lending, and Prime Client Onboarding functions.
- FINRA Series 99 licensed supervisor, accountable for governance, oversight, and regulatory compliance across operations.
- Own the Controls framework: manage internal and external audits, remediate risk issues, maintain strong control ratings, and partner with ops and tech for sustainable resolution.
- Successfully led multiple business transitions, managing end-to-end execution, including documentation, stakeholder alignment, and hiring to build scalable teams.
- Leading the Learning and Development pillar for the CIB function, driving capability building, structured training programs, and continuous professional development initiatives.
- Actively contribute to enterprise-wide initiatives aligned with global organizational objectives.
- Working with senior leadership to execute strategic and tactical initiatives to support long-term business growth.
- Identify and implement process optimization opportunities to enhance operational efficiency, productivity, and risk mitigation.
Associate Manager – Senior AVP
Wells Fargo International Solutions Pvt. Ltd.
06.2022 - 01.2025
- Managed the Prime Margin Operations team of 11, ensuring compliance with FINRA and regulatory requirements for client funds, and supporting onshore partners with timely margin call processing.
- Regularly reviewed SOPs and identified risks in manual 4-eye checks, enabling system enhancements for automated 4-eye controls.
- In the first 1.5 years, I worked in FX, automating daily and weekly reports (saving over 2 hours per day) and leading cost-avoidance initiatives in FX Investigations and Settlements, delivering savings equivalent to 6 FTEs.
- Partnered with the CIB Transformation team to identify pain points in Investigations and Settlements, implementing tactical and strategic process improvements.
- Provided ongoing support for FX Investigation's daily operations, ensuring accuracy and timely resolution.
Assistant Manager
Barclays Global Service Centre Pvt Ltd.
12.2020 - 06.2022
- Played a pivotal role in resolving high volumes of Wash Account breaks (FX, MM, NDF, Options) arising from middle office system migration, stabilizing Day 1 reconciliations, and conducting root cause analysis of post-migration exceptions.
- Managed end-to-end oversight of FOBO, Nostro, and inter-system reconciliations, with the Wash Account serving as the final control for internal trades, while preparing and approving accounting journals backed by a strong understanding of product-level accounting flows.
- Built strong partnerships with Product Control, Financial Control, and Technology teams, serving as the primary escalation point, and efficiently resolving complex reconciliation and accounting issues.
Associate
Deutsche Bank Group
09.2014 - 11.2020
- Worked extensively on Change-the-Bank (CTB) initiatives, contributing to global projects, including IBOR transition, system enhancements, UAT testing, and obtaining business sign-offs. Partnered closely with IT to develop system-generated reports and improve existing processes.
- Supported capacity planning and ensured appropriate cross-training within the team to address knowledge gaps, and maintain continuity.
- Regularly review SOPs to ensure process adherence, and identify improvement opportunities.
- Played a key role in the 2017 transition of the Money Market process from Frankfurt (5 FTE migration), ensuring a seamless takeover and stabilization.
- Led documentation and training for transitioned processes, ensuring smooth knowledge transfer, and formal business approval.
- Identified control gaps in new processes, and helped implement stronger controls and automation to mitigate operational risk.
- Managed and resolved Finance, Nostro, and FOBO breaks within defined timelines to avoid aging, and financial exposure.
- Handled FX settlements and money market trade capture activities with a strong focus on accuracy and risk control.
- Actively supported colleagues during peak volumes, demonstrating strong teamwork and reliability.
Internship
Deutsche Bank Group
09.2013 - 02.2014
- Processed SWIFT and paper confirmations, including NDF trade capture.
- Provided regular updates to the Sales desk on outstanding corporate confirmations to support timely follow-ups.
Education
M.Com (ABST) -
Rajasthan University
Jaipur 04.2001 - 01.2016
B. Com - undefined
Poddar International College, Jaipur, Rajasthan University
CIMA- Certification -
Chartered Institute of Management Accounting, CIMA
10+2 - undefined
K.V.No. 5, Mansarovar, Jaipur, C.B.S.E
10th - undefined
Alok Sr. Sec. School, Udaipur, C.B.S.E
Timeline
FINRA S99 (Operations Professional)
02-2026
Vice President- Prime Services
Wells Fargo
02.2025 - Current
Associate Manager – Senior AVP
Wells Fargo International Solutions Pvt. Ltd.
06.2022 - 01.2025
Assistant Manager
Barclays Global Service Centre Pvt Ltd.
12.2020 - 06.2022
Associate
Deutsche Bank Group
09.2014 - 11.2020
Internship
Deutsche Bank Group
09.2013 - 02.2014
M.Com (ABST) -
Rajasthan University
04.2001 - 01.2016
B. Com - undefined
Poddar International College, Jaipur, Rajasthan University
10+2 - undefined
K.V.No. 5, Mansarovar, Jaipur, C.B.S.E
10th - undefined
Alok Sr. Sec. School, Udaipur, C.B.S.E
CIMA- Certification -
Chartered Institute of Management Accounting, CIMA
Languages
English
Hindi
Certification
FINRA S99 (Operations Professional)
Skills
People Management
Strategic planning
Process Improvement & Problem Solving
Learning & Development
Personal Information
- Nationality: Indian
- Marital Status: Married