Summary
Overview
Work History
Education
Skills
Personal Information
Timeline
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Jaivrat Dugar

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

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Personal 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
Jaivrat DugarSenior AVP