Niraj Agrawal
Risk Analyst
Yerwada
Summary
Senior Analyst with 8 years of experience shaping financial risk and data assurance across global banking and trading products. I specialize in reconciling risk and finance systems, implementing governance standards, and driving data quality initiatives. Skilled in stakeholder management, root cause analysis, and developing operational metrics. I excel in aligning data for accuracy, investigating data quality issues, and ensuring robust risk and finance metrics. Adept at leading product-specific teams, developing operating procedures, and overseeing daily validations and reconciliations. Certified Scrum Master with expertise in trade management, settlement, and mortgage underwriting. Proficient in SQL databases and transaction processing systems, with a track record of proactive problem-solving and strategic improvements.
Overview
10
10
years of professional experience
7
7
years of post-secondary education
3
3
Certifications
Work History
Senior Analyst (Exempt Non-Officer)
Credit Suisse India Ltd
Pune
4 2022 - Current
- Perform Market Risk and Credit Risk reconciliation between Risk and Finance systems for EMEA, APAC & CUSO regions, guided by BCBS 239 (Basel Committee on Banking Supervision’s Standard number 239) for Equities, Bonds and Derivatives Products
- Perform intercompany reconciliation and resolved breaks in order to bring data inline across different system
- Good understanding in reconciliation design, platforms and normalization technique
- Performed monthly vendor output monitoring report to check break analysis are in line with procedures
- Reconcile Finance and Risk data with authoritative data sources to ensure completeness and accuracy
- Identify data quality issues to be investigated and resolved, and perform root cause analysis
- Monitor data quality and set up effective data quality MI to inform internal and external stakeholders
- Production of operational metrics to enable the successful oversight of the data provided to RFT and the performance of the Data Operations Function by senior management
- Maintain reference data sets for Risk & Finance establishing controls and operational standards, to ensure consistency and robust governance
- Ensure the integrity of the data used for the derivation of Risk & Finance metrics and internal and external reporting
- Review and propose strategic changes and perform testing to provide the correct result to senior management
- Perform key data validation activities required by RFT by engaging with multiple upstream and downstream internal stakeholders
- Develop operating procedures to define and improve the function’s processes
- Review Data Quality exceptions
- Perform and oversee performance of daily validations and reconciliations
- Investigate root causes of data quality issues.
Authorized Officer
UBS India Services Ltd
Pune
02.2024 - Current
- Perform Risk & Finance data alignment for systems for Global banking and trading products, guided by BCBS 239 (Basel Committee on Banking Supervision’s Standard number 239).
- Currently working with development team to build new data sense tool for accurate data output to stakeholders.
- Good understanding in reconciliation design, platforms and normalization technique.
- Identify data quality issues to be investigated and resolved, and perform root cause analysis
- Monitor data quality and set up effective data quality MI to inform internal and external stakeholders.
- Production of operational metrics to enable the successful oversight of the data provided to RFT and the performance of the Data Operations Function by senior management
- Maintain reference data sets for Risk & Finance establishing controls and operational standards, to ensure consistency and robust governance.
- Strong Stakeholder Management Skills required o Ability to thrive in fast-paced environments; flexibility to handle rapidly changing scenarios
- Willingness to dive deep and learn about our technology, system structure, and rules o Strong analytical, data and problem-solving skills o Superior communications, presentation and interpersonal skills
- Strong project management skills – strong organization and task management is expected o Strong collaborator, ability to work cross-functionally
- Engaged management and project stakeholders regarding project statuses, risks and issues.
- Mentored junior staff members, cultivating a supportive learning environment that promoted professional growth and development.
Subject Matter Expert
Hexaware BPS Ltd
Pune
09.2019 - 03.2022
- Responsible for timely and accurate settlement of trades across multiple security types, global markets, brokers, and custodians
- Ensure adequate number of resources are cross-trained across the various streams to ensure seamless process delivery
- Work closely with multiple external and internal parties to resolve trade discrepancies, including unmatched and failed security trades, foreign exchange contracts, overdrafts
- Perform position movement between different markets
- Responsible for timely resolution on derivative trades for timely settlement
- Manage trade validations across Equities (cash and derivatives) products within investment banking business
- Understand process transition requirements and work towards meeting various SLAs defined
- Performing reconciliations, control validation, investigating exception and address the root cause to mitigate risks around Unauthorized Trading, Missing trades, PNL/MTM mismatches, technical issues in flows between FO and BO
- Trade services and trade processing covering trade execution, position management, allocations, confirmations/affirmations, trade reporting, compliance and risk management, understanding swift message
- Researching on trades which are not recognized by counter party and checking whether it is a valid or any discrepancy found then following the escalation procedure to make sure that trade validate on the same day in the market or cancelled
- Ensure depot transfers requests are entered in the system are settled on time by liaising with Custodian, Client services
- Working on different swift message (DVP/DEL/RVP/REC), derivative (options, future, swap), lending and borrowing (stock loan and bulk lending, stock borrow)
- Validate fail trades by liaising with various external and internal teams such as clients, brokers, custodians, CSG group, TM Special Handling, TPNJ Fed desk, Central Pricing team, Security master file team (SMF), Trade settlement team, CSUTP held team, Onshore team etc
- Real Time Monitoring of the Repo Trades and identify and escalate any discrepancies timely to the trading desk
- Perform telephone or email confirmations to validate the transactions due for settlement/matching
- Prepare various reports as per defined SLAs, for management and onshore team such as queue management (Repair escalations, position management, SMF queue, Repos queue, verification queue)
- Ensure end of day reports are provided to relevant oversight teams with accurate trade status and relevant commentary
- Ensure proactive response and ownership to queries received on email from different teams and queries raises by colleagues
- Ongoing review of existing processes to identify potential improvements to create new efficiencies and increase quality and controls
- Ensure timely update of SOP on regular basis
- Responsible for training new members and giving them in-depth knowledge of the process
- Support team mailboxes used for user queries.
Senior Analyst
Eclerx Services Ltd (Pune)
Pune
08.2017 - 08.2019
- Perform Market Risk and Credit Risk reconciliation between Risk and Finance systems for EMEA and APAC regions, guided by BCBS 239 (Basel Committee on Banking Supervision’s Standard number 239) for Equities, Bonds and Security Financing products
- Perform intercompany reconciliation and resolved breaks in order to bring data inline across different system
- Ensuring the analysis of trades is completed within the agreed timeliness and leading the call with Management and stakeholder for Equities, Bonds and Security Financing products
- Leading product specific teams to have all the recs in place within the set deadlines, thereby ensuring the data quality and accuracy
- Reconcile Finance and Risk data with authoritative data sources to ensure completeness and accuracy
- Identify data quality issues to be investigated and resolved, and perform root cause analysis
- Monitor data quality and set up effective data quality MI to inform internal and external stakeholders
- Production of operational metrics to enable the successful oversight of the data provided to RFT and the performance of the Data Operations Function by senior management
- Maintain reference data sets for Risk, Finance and Treasury, establishing controls and operational standards, to ensure consistency and robust governance
- Ensure the integrity of the data used for the derivation of Risk, Finance and Treasury metrics and internal and external reporting
- Perform key data validation activities required by RFT by engaging with multiple upstream and downstream internal stakeholders
- Develop operating procedures to define and improve the function’s processes
- Review Data Quality exceptions
- Perform and oversee performance of daily validations and reconciliations
- Investigate root causes of data quality issues.
Analyst
XL DYNAMICS INDIA PRIVATE LIMITED (Mumbai)
Pune
02.2015 - 02.2017
- Assess the risk associated with complex financial products being offered to customers by the client by comparing the information in the system with the loan documents submitted by the client
- Handled the tasks of assisting the Analyst team in defining key performance indicators
- Ensures that all policies and procedures are implemented and well documented, performing occasional internal reviews, and identifying compliance problems that calls for formal attention
- Develop risk management strategies to avoid non-compliance and file compliance reports with regulatory bodies.
Education
MBA - Finance
VIT College, Mumbai University
Mumbai 01.2012 - 04.2014
B.E. - Information Technology
P.R.Patil College, Amravati University
Amravati 01.2008 - 04.2012
Skills
Effective communication
Relationship building
Interpersonal skills
SQL queries
MS-Access
Financial Services
Teamwork
Technical understanding
Knowledge of business operations
Data Analysis
Root Cause Analysis
Adaptability
Team Collaboration
Analytical Skills
Problem-Solving
Certification
Certified Scrum Master from Scrum Alliance
Accomplishments
- Successfully transition 3 process
- Won 2 Star performance of the month in Hexaware BPS Ltd
- Won Analyst of the year (2018) in ECLERX for excellent performance in process
- Won 2 SPOT AWARD in ECLERX for excellent performance in process
Other
- Academic project undertaken on Security Analysis with Reference to IT sector
- Conveyor for LAN-Gaming at P.R.Patil College of Engineering and Technology, Amravati
- Paper Presentation on “Data Mining and Data Warehousing” at P.R.Patil College of Engineering and Technology, Amravati
Personal Information
- Date of Birth: 04/13/91
- Gender: Male
- Marital Status: Single
Languages
English
Hindi
Marathi
Disclaimer
I hereby affirm that the information in this document is accurate and true to the best of my knowledge
Timeline
Authorized Officer
UBS India Services Ltd
02.2024 - Current
Subject Matter Expert
Hexaware BPS Ltd
09.2019 - 03.2022
Senior Analyst
Eclerx Services Ltd (Pune)
08.2017 - 08.2019
Analyst
XL DYNAMICS INDIA PRIVATE LIMITED (Mumbai)
02.2015 - 02.2017
MBA - Finance
VIT College, Mumbai University
01.2012 - 04.2014
B.E. - Information Technology
P.R.Patil College, Amravati University
01.2008 - 04.2012
Senior Analyst (Exempt Non-Officer)
Credit Suisse India Ltd
4 2022 - Current
Certified Scrum Master from Scrum Alliance
Experience on Global Transaction Processing System
Certification on ‘Step-up to Professional Excellence’ module conducted by ‘Dale Carnegie Training, USA’ in the year December 2012
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