NAGRAJ VERNEKAR

Currently working in Change team for Finance - Regulatory Reporting.

• Managed the transition of regulatory reporting systems from K-helix to Axiom, enhancing reporting efficiency.
• Identified and resolved production issues in regulatory reporting systems, maintaining data integrity and compliance.
• Oversaw regulatory updates and system enhancements, maintaining operational efficiency.
• Completed PILLAR 3 Reporting for EBA regulations and validated report mapping in Axiom.
• Performed detailed analysis and remediation of regulatory reporting SIAIs, enhancing compliance protocols.

Systems: Griffin inhouse database and Axiom (Regulatory Reporting systems)

Team CRO (credit risk organization) handling methodology changes. worked on the below projects:-

• Implementations of SACCR Calculator for Regulator - Prudential regulation authority
• Implementation of EBA reporting framework - Taxonomy 3.0
• Implementation of Valuation in resolution reporting infrastructure
• Internal Model Method (IMM) for Credit-Suisse for cleared and non cleared derivatives
• Regulatory - BCBS IOSCO Margin requirements for non-centrally cleared derivatives
• Regulatory - Inter affiliate analysis and remediation program

Daily Activities: -

• Business analyst working on end-to-end delivery on Credit Risk Regulatory changes
• Requirement gathering, elicitation, brain storming, solution finding, Interraction with various teams Risk Engine, tecnology, Analytics, Reporting, quality testing
• Assessing Current Data Structure & logics and working on solutions to implement the Change
• Writing User stories, BRD’s & FRD’s and other relevant documentation
• Supporting tecnology and Quality teams on Development, test case preparations and validations of the change

Other activities performed while working in the same company in my previous role.

• Basel 2 Finance and Risk Reconciliations for Agency Lending Business
• Functional Documentation - summarization of Trade & Position feeds for ETL tool Informatica Feed filter Review team
• Market Risk Standard Rules project performing analysis and Extracting, analysing and Providing Trade level data from Credit Risk System for MRSR calculations

• Conducted manual reconciliation of intraday Nostro transactions with Intellimatch.
• Oversaw and documented the status of Nostro/Vostro accounts, ensuring accurate ledger and statement reporting.
• Collaborated with Liquidity & Risk management teams to mitigate risks associated with outstanding and high-value transactions.
• Reviewed and flagged cases for outstanding entries, ensuring daily investigation and correction of discrepancies.
• Directed a team of 8 associates, organizing work plans and task assignments in alignment with volumes and currency holidays.
• Handled escalations, issues, and queries from various users and management, maintaining operational efficiency.
• Facilitated regular communication with onshore teams in Sydney, Edinburgh, and Toronto through daily and weekly calls.

Worked in 3 teams below are the key result areas: -

Process: Interest claims – Cross Product

• Assessed interest claims for fixed income, Equity and submission of receivable claims to relevant settlement team’s 2nd level validation
• Ensured Post settlement validation categorization of all invalid claims and notification to the concerned team Line Managers
• Delivery of the Risk reports on a daily & monthly basis to product controllers and perfor basic and final checks on a daily basis like O/D rates, fail cost and the counterparty contacts to avoid reputational losses and to ensure timely recovery
• Analysis of Payables Data for possible Nett-offs with the counterparty to cover our risk
• Collaborated with sensitive client relationship managers to resolve longstanding receivable claims.
• Executed comprehensive UAT testing and system implementation for INSPIRE, optimizing claims management processes for global regions.
• Process: Reconciliation team – Cross Product
• Accountable for Reconciliation of Cash Breaks for all business units within Investment Banking Operations across all products on the basis of Swift Messages Established static data for new Nostro Accounts and Ledger feeds as per requests received from the users
• Daily proof balance and completeness checks to the PeopleSoft General Ledger for Nostro Accounts, Daily Nostro breaks MI, Weekly Nostro Reconciliation matching rate performance
• Reconciliation of Ledgers and Statements Investigation and coordination with agent based on Swift Messages like MT 299 & MT 199 on banks rejected & missing statements
• Review of fixing Auto-Tagging and Auto-Matching rules between Statements and Ledgers, significantly minimizing the need for manual interventio
• Issuance of debit authority for unidentified funds as per FSA guidelines via swift messages to avoid P & L Risks
• Maintainence and updation of KPI's with the onshore teams
• Use of Business Objects tool to extraction of various reports.

Process: Bank Charges – Cross Products

• Accountable for Monthly sign off verification of all the entries, parking and posting into general ledger
• Conducted variance analysis of fees for validation of invoices and accruals before making the payment to the agent banks and clients

• Company Overview: A TATA Enterprise
• A TATA Enterprise

• Company Overview: Mumbai
• Mumbai