Jaivrat Dugar
Senior AVP
Bengaluru,Karnataka
Summary
An incisive professional with over 10 Years of total experience, I embarked on my professional journey at Deutsche Bank. During my tenure there, I honed my skills in FX, MM Settlements & Confirmations, and Treasury Operations. Additionally, I actively contributed to automation and change initiatives within the Money Market domain. Transitioning to Barclays, I furthered my expertise by joining the FX Middle Office team. Later a few years, I moved to Wells Fargo where my role allowed me to delve deeper into FX Operations, including Investigations and driving FX projects. Currently, I am leading Prime Margin Services under FCM business, leveraging my diverse skill set and experience in the field.
Overview
11
11
years of professional experience
15
15
years of post-secondary education
2
2
Languages
Work History
Senior AVP
Wells Fargo International Solutions Pvt. Ltd.
Bengaluru
10.2023 - Current
- Managing Prime Margin Operations of 11 team members, ensuring compliance with FINRA and regulatory requirements regarding client funds.
- Provide support to onshore partners to ensure timely processing of client Margin Calls.
- Conduct daily reviews of client equity changes and investigate any anomalies found.
- Reviewing of SOPs at regular intervals to ensure adherence to established processes and identify areas for improvement.
- Identified risks associated with manual 4-eye checks, which has lead to system enhancements for systemic 4-eye checks implementation.
- Conduct root cause analysis of manual journal entries and reduce errors by modifying client behaviour in trade booking processes.
Senior Operation Specialist
Wells Fargo International Solutions Pvt. Ltd.
Bengaluru
06.2022 - 09.2023
- Automated numerous daily and weekly reports, resulting in time savings of upwards of 2 hours per day for team.
- Successfully led delivery of cost avoidance project within FX Investigations and Settlement space, saving equivalent of 9 FTE's.
- Collaborated with CIB Transformation team to compile a comprehensive list of pain points in Investigations and Settlements areas, leading to implementation of tactical or strategic fixes.
- Provided continuous support in FX Investigation daily BAU activities while also contributing to various change projects.
Assistant Manager
Barclays Global Service Centre Pvt Ltd.
Pune
12.2020 - 06.2022
- Played key role in resolving thousands of breaks in Wash Account (for products like FX, MM, NDF, and options) resulting from migration of middle office application.
- Stabilized day 1 reconciliation process of Wash account and conducted root cause analysis of exceptions post-migration.
- Held control over other reconciliations such as FOBO, Nostro, and Inter-system, as Wash Account reconciliation served as the final control for internal trades.
- Demonstrated proficiency in understanding product-level accounting flows and performed Preparation/Approvals of accounting journals.
- Established strong relationships with key stakeholders from departments including product/financial controllers & Technology teams to ensure understanding of business needs and enhance service offerings.
- Acted as the day-to-day escalation point for key stakeholders and successfully resolved complex issues.
Associate
Deutsche Bank Group
Jaipur
07.2019 - 11.2020
- Engaged in Change role (CTB), participating in global projects such as IBOR, system enhancements, building system-generated reports with IT assistance, performing UAT and arranging sign-off.
- Managed appropriate backup and cross-training to fill knowledge gaps within team and reviewed the Capacity Model at regular intervals to ensure optimal resource allocation.
- Reviewed Standard Operating Procedures (SOPs) at regular intervals to ensure adherence to established processes and identify areas for improvement.
Senior Analyst
Deutsche Bank Group
Jaipur
07.2017 - 06.2019
- Provided training to new employees on transitioned tasks and documented end-to-end procedures, obtaining business sign-off.
- Demonstrated adaptability and strong teamwork skills by supporting colleagues during peak periods.
- Identified loopholes within the new process and implemented robust controls & automation measures.
- Successfully resolved Finance, Nostro, and FOBO breaks within specified timeframes to prevent aging of new breaks.
Analyst
Deutsche Bank Group
Jaipur
09.2014 - 06.2017
- Worked on processing of FX Settlements and Money Market trade Capture.
- Facilitated transition of process involving 5 full-time employees from Frankfurt in 2017. This migration focused on taking over the exception queues for FX and Money Market.
Internship
Deutsche Bank Group
Jaipur
09.2013 - 02.2014
- Under support function, was processing SWIFT and Paper confirmations, as well as NDF Trade capture.
- Provided regular reporting to Sales desk regarding outstanding confirmations from corporate clients.
Education
M.Com (ABST) -
Private, Rajasthan University
Jaipur 04.2001 - 04.2016
B. Com - undefined
Poddar International College, Jaipur, Rajasthan University
CIMA- Certification -
Chartered Institute of Management Accounting, CIMA, London
10+2 - undefined
K.V.No. 5, Mansarovar, Jaipur, C.B.S.E
10th - undefined
Alok Sr. Sec. School, Udaipur, C.B.S.E
Skills
Change Management
undefinedPersonal Information
- Date of Birth: 08/29/93
- Nationality: Indian
- Marital Status: Married
Timeline
Senior AVP
Wells Fargo International Solutions Pvt. Ltd.
10.2023 - Current
Senior Operation Specialist
Wells Fargo International Solutions Pvt. Ltd.
06.2022 - 09.2023
Assistant Manager
Barclays Global Service Centre Pvt Ltd.
12.2020 - 06.2022
Associate
Deutsche Bank Group
07.2019 - 11.2020
Senior Analyst
Deutsche Bank Group
07.2017 - 06.2019
Analyst
Deutsche Bank Group
09.2014 - 06.2017
Internship
Deutsche Bank Group
09.2013 - 02.2014
M.Com (ABST) -
Private, Rajasthan University
04.2001 - 04.2016
B. Com - undefined
Poddar International College, Jaipur, Rajasthan University
CIMA- Certification -
Chartered Institute of Management Accounting, CIMA, London
10+2 - undefined
K.V.No. 5, Mansarovar, Jaipur, C.B.S.E
10th - undefined
Alok Sr. Sec. School, Udaipur, C.B.S.E
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