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
Bengaluru, India
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.
Bengaluru, India
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.
Pune, India
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
Jaipur, India
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
Jaipur, India
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