Pallavi Dhere
Banking Operations
Bangalore
Summary
I have an experience of 20+ years in Operations in 4 different organizations. During this time have participated in various projects such as new system implementations, set up of new product processes, process transitions, system migrations. Have coordinated with various Regulators of Indian Markets such as Reserve Bank Of India, Clearing Corporation of India, FIMMDA. Have participated in various Audits being conducted by Internal and External Auditors. With the above varied experience am looking for an opportunity to work in Departments such as Risk and Control Management, Operations- Processing, Confirmations, Settlements, Reconciliations.
Experienced leader with strong background in guiding teams, managing complex projects, and achieving strategic objectives. Excels in developing efficient processes, ensuring high standards, and aligning efforts with organizational goals. Known for collaborative approach and commitment to excellence.
Overview
24
24
years of professional experience
3999
3999
years of post-secondary education
Work History
Vice President
DIPL (Deutsche India Pvt Ltd)
02.2023 - Current
- Managing the Collateral team for EMEA clients for FX, and OTC Margining
- Responsibilities include: Ensure day to day margin calls ensuring all calls are answered by counterparties
- Ensure prudent Client Service provided to Priority Clients
- Ensuring all Reconciliation breaks cleared and do not age
- Participate in Change and Strategic planning for India Team
- Managed projects such as system upgrade, reconciliation process clean up, low code solutions via Alteryx
- Streamlined Month end Balance sheet substantiation for 3 regions reducing breaks amount to within thresholds
- Ensure all Audits and Regulatory reviews are responded and clean
- Managing a Team of 19 FTEs
Vice President
DIPL (Deutsche India Pvt Ltd)
04.2020 - 01.2023
- In Mar 2020 got promoted to VP in margin and lead the APAC Team for all process of Margining such as Valuations, New Business, margining and Reconciliations
- In Oct 2020 moved to Treasury Operations to lead Money Market Operations
- Responsibilities included Ensure all money market trades are settled accurately on a timely basis
- All risk and controls reporting to be reviewed and completed on monthly, quarterly basis
- Transitioned 8 FTE Middle Office and Back-office Issuance process from Frankfurt to India
- Transitioned 2 FTE Settlements process for Money Market Back office from Portugal, Vienna, Czech Republic to India
- Set up of split operations model for Money Market reconciliation team between Jaipur and Bangalore to ensure resiliency
- Managing a Team of 32 FTEs across Jaipur and Bangalore supporting APAC, EMEA and AMER processes
Asst. V.P.
DIPL (Deutsche India Pvt Ltd)
07.2017 - 03.2020
- Joined in the Collateral Margin Team managing Margin for EMEA clients for FX, LD and OTC Margining
- Responsibilities included: Managing day to day margin calls ensuring all calls are answered by counterparties and escalating any unresponsive clients to Senior Management
- Ensuring all Reconciliation breaks cleared and do not age
- Participated in various process Transitions such as FX Margin to US, additional clients for Margining from Birmingham to India, reconciliation process from US to India
- Participated in data gathering, testing and migration for new systems for FX and OTC margining
- Stakeholder management in terms of call and updates to Finance, Credit, Risk Teams managing the annual audits
- Transitioned the APAC Margin process from Manila to India for 27 FTEs and set up a team in Jaipur to ensure resiliency in India
- Managed a Team of 10+ FTEs
Asst. Vice President
Barclays Bank PLC
03.2008 - 06.2017
- Currently in charge of the Derivative desk along with Money market and Liquidity management for Investment and retail banking
- For derivatives am handling the back office processing such as Trade validation, settlements processing, underlying monitoring, confirmations dispatch and tracking, various Internal and External Reportings, Trade and Nostro reconciliations for the said products
- For money market the back office processing of Overnight Call/Borrowing and Corporate Deposits, such as Trade Validation, Receipts Generation and tracking, Settlement processing and various Internal and External Reportings and Reconciliation
- Liquidity Management is the cashflow/funds management of the Bank for all the FCY and INR currencies
- In case of INR the CRR monitoring also forms part of the daily activities
- Reconciliations of the payments and receipts vis a vis bookings in the systems
- Exception handling of Nostro Reconciliations for all FCY and INR currencies
- Timely escalations of any possible fails to receipts/pay
- All Regulatory and Internal Reportings
- Apart from the above am also responsible for other non BAU activities such as RCA (Risk Control Assessment Document) updation for derivatives, Money Market and Liquidity desk
- Handling of various internal and external Audits such as Internal, Statutory, and Regulatory
- Periodic updation of SOPs and process manuals as per Internal and External Policies
- Back Up for the Forex and Projects Desk
- On the Job Training for new Joinee
- Business Continuity Planning(BCM/DRP) Planning for the Team
- Co coordinating with various Team across Singapore, London Pune and Chennai for any Exceptions, Escalations Handling
- Participated in projects related to the above products such as Decommission of Murex system for Options and on boarding of BARX FX TS Internal system for the same
- Trade reporting’s to CCIL as per RBI guidelines for all derivative products such as IRS, Currency Swaps, and Options for both Corporate and Interbank which ran for a span of 2 years
- Decommissioning of RTGS system and On Boarding of NG-RTGS/SFMS system for INR Payments
- Automation of Regulatory Reports to be submitted to Reserve Bank of India
- Transfer of all the Current and Savings account from IB system (GBS) to Corporate Banking system (Flex)
- Apart from Money market processing as per above have also managed the FX trade processing such as Trade validation, Confirmations, Settlements, Reportings to Regulators for Interbank Counterparties
- Handled Operation projects for a year including migration of Derivative deal booking system from Steed to Barclays internal system called TCW, Core system to RTGS STP for INR payments processing, Reuters Conversation Analyzer(RCA) system implementation for Derivatives deal booking of IRS trades done on Reuters
Analyst
Barclays Bank PLC
10.2005 - 02.2008
- Joined Barclays Bank in Oct 2005 as Analyst on the Derivatives processing desk
- Responsibilities included Trade Validation, settlements and Confirmations processing, Regulatory Reportings, Internal reportings
- Worked as Back up for the Fixed Income desk – responsibilities included report Making, Settlements- INR and Depo Transfers
Executive
Deutsche Bank
10.2004 - 09.2005
- Worked in the Derivative desk Activities include deal processing, settlements, Regulatory reporting, Confirmations and underlying tracking
Asst. Manager
HDFC Bank Ltd
10.2000 - 09.2004
- Started with Corporate FX desk processing which included deal booking, settlements, underlying and confirmation tracking
- Worked in the Derivative desk Activities include deal processing, settlements, Regulatory reporting, Confirmations and underlying tracking
- Other activities included FX system migration and setting up the Fcy/INR Options desk
Education
MBA - Finance
Pune University
Pune, India01-2000
B.Com -
Bhonsala Military College
Nashik, India01-1998
Skills
Team leadership
Strategic planning
Coaching and mentoring
Decision-making
Extra-Curricular Activities
Mental Health First Aider in DB for the last 2 years guiding individuals in times of emotional and mental distress.
Facilitator-have conducted multiple training sessions on soft skills.
Other Details
Notice Period- 3 Months
Personal Information
Date of Birth: 08/18/77
Introduction
I have an experience of 20+ years in Operations in 4 different organizations. During this time have participated in various projects such as new system implementations, set up of new product processes, process transitions, system migrations. Have coordinated with various Regulators of Indian Markets such as Reserve Bank Of India, Clearing Corporation of India, FIMMDA. Have participated in various Audits being conducted by Internal and External Auditors. With the above varied experience am looking for an opportunity to work in Departments such as Risk and Control Management, Operations- Processing, Confirmations, Settlements, Reconciliations.
Timeline
Vice President
DIPL (Deutsche India Pvt Ltd)
02.2023 - Current
Vice President
DIPL (Deutsche India Pvt Ltd)
04.2020 - 01.2023
Asst. V.P.
DIPL (Deutsche India Pvt Ltd)
07.2017 - 03.2020
Asst. Vice President
Barclays Bank PLC
03.2008 - 06.2017
Analyst
Barclays Bank PLC
10.2005 - 02.2008
Executive
Deutsche Bank
10.2004 - 09.2005
Asst. Manager
HDFC Bank Ltd
10.2000 - 09.2004
MBA - Finance
Pune University
B.Com -
Bhonsala Military College
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