Joe Navin Prashanth
Investment Banking Professional
Chennai
Summary
CAREER SUMMARY Resourceful Financial Officer with over 15 years of Investment Banking experience. Recognized for strong client orientation, adaptability, proactive with the ability to develop & implement highly successful long term solutions. Proven track record of strategic and analytical thinking, working in team-based environment and developing high performing teams.
Overview
16
16
years of professional experience
5
5
years of post-secondary education
3
3
Languages
Work History
Treasury Operations – Financial Officer
The World Bank Group
Chennai
09.2013 - Current
- Managing a diverse team of 14 staff who are divided into 3 operational divisions and are responsible for performing back-office functions (such as cash management, investment management and capital markets operations) managing approximately $195 billion in assets for the World Bank and other official sector investors, leading IBRD’s and IDA’s triple-A rated financing programs in international and domestic bond & derivative markets, overseeing the development and outreach related to the financing hedging products the Bank provides for its developing-country clients, and collaborating with the World Bank member countries to help build their capacity
- Specific managerial responsibilities include:
- Providing oversight and guidance to team members supporting multiple business lines to ensure team’s daily, monthly, quarterly and year-end deliverables and reporting requirements
- Leading, mentoring and coaching Chennai team members for high performance and professional growth
- Facilitating and organizing sessions within the team and across teams to encourage continuous learning and knowledge sharing among staff members
- Building effective working relations with colleagues in Treasury and in other VPUs in HQ and Chennai to achieve desired results
- Actively leading the hiring process to ensure most suitable appointment for each open position
- Continually looking for ways to improve and expedite the recruitment process
- Representing Treasury in Center-wide initiatives and meetings
- Specific operational responsibilities include:
- Support the issuance of approx
- 60 billion USD equivalent in World Bank bonds and manage $195 billion in assets for the World Bank and other official sector investors
- Take care of the operational maintenance of a portfolio of over 6,000 bond & swap transactions
- Supporting the life cycle events ranging from trade booking, reviews, documentation, settlements, monitoring of embedded optionality and collateral management
- Exposure to handling different types of Bond issuances like Green bond, CAT bond, Survivor Option bond, Discount notes, etc
- Trade capture & Verification of new trades post booking by Front Office in Summit application and preparing paper confirmation for Swap & Swaption trades
- Handle Pre & Post settlement activities for Swap, Swaption & Bond trades
- Work with Front office & Legal team to draft paper confirmation for highly exotic structure trades
- Prepare and distribute daily & monthly collateral reports for IBRD, IDA & TRUST entities within World Bank for derivatives portfolio
- Work closely with Bond & Collateral Custodians Citibank & BNY Mellon to resolve any pending issues
- Review & help to onboard new Counterparts to ensure that Collateral reporting captures the daily MTM information
- Monitor trade queue, settlements, collateral mailbox queries and assign the same to subordinates
- To make sure timely response & resolution is provided for all new trades, settlements & collateral related queries and issues
- Work closely with other teams outside Treasury on a day to day basis to answer their queries & resolve any recurring issues
- In coordination with HQ & ITS teams, led the Murex implementation, Summit upgrade, IBOR transition, PEGA workflow system providing end-to-end support from scoping document review, BRD review, attending show sessions with the vendor prior to delivery of each module, pre-UAT testing & UAT testing
- Successfully completed a LEAN project & did end-to-end automation through Robotics Process Automation
- Worked on RFI & RFP for Custodian replacement for Investment team and currently working on Collateral Agent replacement for Collateral
Lead Analyst
WIPRO Ltd, CITIGROUP
Chennai
12.2010 - 09.2013
- Internal transfer from Wipro Hyderabad location to Wipro Chennai location
- Worked for Citibank IB Operations from Chennai part of the Structured Equity Confirmations
- Handled trade affirmation, drafting, chasing & matching activities
- Worked as a Lead Analyst handling a team of 5 analyst subordinates
- Drafting of highly structured Equity Derivatives product deals for various Interbank & Corporate clients
- Chasing & Matching of legal documents from various Interbank & Corporate clients
- Preparation of KPI reports and other MIS reports which are shared with Internal & External clients on a regular basis
- Worked in adherence to the Dodd-Frank regulations where trades will have to be executed T+3 days
- Familiar with various aspects and parameters involved around Dodd-Frank Regulations
Senior Analyst
WIPRO Ltd, UBS IB
Hyderabad
05.2008 - 12.2010
- Worked for UBS IB Operations from Hyderabad part of Credit Default Swap Settlements team
- Trained on Non-quarterly settlement of cash flows with Inter banks and resolving settlement related issues
- Proposed IT enhancements for few banking related applications used part of operations
- Worked on a project to reduce the manual intervention on the matching of cash flows on reconciliation perspective and automation of the same
- The project was completed successfully providing savings in terms of FTE to 1.5 from the CDS Settlements team
- Trained on Equity settlements for Equity Swap, Equity Option & Total Return Swap products and worked on various cash flow settlements across all markets
- Exposure to settlements of corporate actions for Total Return Swap product
DEUTSCHE BANK OPERATIONS INDIA LTD, DBOI
12.2006 - 05.2008
- Derivative Process was moved to DBOI and we were absorbed in the same profile
- In March 2007 was moved to Workflow Control Team and was part of process migration to Sydney, Australia for which was a great success
- Investigating trades that are stuck in FO queue and not entering the BO workflow of the documentation system
- Investigating & changing the trades to their correct age in the workflow
- Investigate & Dispatch the documents to the clients using their Fax No and action on trades part of the Workflow Control Inbox
- In Feb2008 was trained in Drafting Documentation for Derivative Trades
- Trained on drafting Vanilla Swap, Novation of Vanilla Swap, Forward Rate Agreement and Basis Swap
- Had successfully drafting trades on a regular basis with zero error rate which is highly acclaimed within the team
Education
MBA - Finance
Symbiosis Centre For Distance Learning
07.2009 - 06.2011
Bachelor of Commerce - Finance
Loyola College
Chennai 06.2002 - 06.2005
Skills
Financial operations management
Accomplishments
- HCL CAPITAL MARKETS SERVICES (June 2005 – December 2006)
- Deutsche Bank - Chasing Team – Analyst
- HCL out sourced Deutsche Bank operations from Bangalore in Derivatives
- Handled Derivatives and it consists of products like Swaps, Options, Cap, Floor and various other OTC products
- The key activities in this team were Client Interaction to resolve queries & discrepancies on trade and meeting the daily Service Level Agreements
- Handled Goldman Sachs as counterpart and worked on trades that were done between Deutsche Bank & Goldman Sachs with high volumes
- Joined as Process Executive and was promoted as Senior Process Executive within a year
- KEY SKILL AREAS:
- Wide spread knowledge in Investment Banking products
- Worked in both OTC Derivatives operations & Fixed Income operations
- Good product knowledge and understanding of both funding & investment business
- Successfully completed Six Sigma project in CDS Settlements
- Exposure to requirements gathering and business analysis from an operations perspective to help successful completion of IT enhancements & UAT Testing for various Investment Banking applications
- Working experience on various banking systems like Summit, Murex, TLM, Pega, Markitwire, Quantum, Bloomberg, Reuters and DTCC
- Team handling experience & good people management skills
- LEAN – Successful completion & recognition of a LEAN project
- Robotics Process Automation (RPA) – Successfully completed an RPA project as a BOT creator in TRO Chennai
- Educational Qualification:
- MBA Finance – 2011
- B.COM – 2005
Timeline
Treasury Operations – Financial Officer
The World Bank Group
09.2013 - Current
Lead Analyst
WIPRO Ltd, CITIGROUP
12.2010 - 09.2013
MBA - Finance
Symbiosis Centre For Distance Learning
07.2009 - 06.2011
Senior Analyst
WIPRO Ltd, UBS IB
05.2008 - 12.2010
DEUTSCHE BANK OPERATIONS INDIA LTD, DBOI
12.2006 - 05.2008
Bachelor of Commerce - Finance
Loyola College
06.2002 - 06.2005
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