PRAKASH PATRA
Bangalore
Summary
Results-driven Lending Operations Leader with over 12 years of experience in both the US and UK markets. Proven track record at Silicon Valley Bank in enhancing operational efficiency and team productivity through strategic project planning and effective cross-functional management. Expertise in collaborating with clients and stakeholders to understand business requirements, coupled with strong skills in marketing and expectation setting to achieve innovative solutions that consistently meet objectives.
Overview
14
14
years of professional experience
Work History
Manager
Silicon Valley Bank (First Citizen India)
Bangalore
07.2020 - Current
- Accomplish strategic plan through overseeing operations, developing functional roles and assigning responsibilities to employees (Team Size - 11)
- Managing Syndicated Loans Portfolio for US Based Bank
- Managing the Business deliverables & ensuring adherence to defined SLA
- Responsible for Loan Life Cycle Management
- Managing Stake-holders through Weekly Calls
- Monthly Dashboard and Process review with Senior Management and Stake Holders
- Manage allocation of people and resources for Lending Operations team
- Ensuring all transaction processing for all notices which received from agent banks are processed, approved & released on same day with set quality levels
- To investigate & reconcile the past dues & WIP's (work in process) items
- Liaise with RM's, FO and Credit Team on any New deal closings and documents/approvals
- Periodic review and re-base line the Productivity, Quality target and scorecard
- Ensuring process maps are reviewed & signed-off twice a year as per defined business goals
- Performance management of Team members through Monthly 1-1
- Fortnightly connect with the Quality Team for the Business Review & Control adherence.
Assistant Manager
Viteos Capital Market Services
Bangalore
07.2018 - 07.2020
- Responsible for daily activities like Borrowings, Rollovers, Paydowns, Interest payments on the loans as requested by clients
- Working with different portfolio managers to settle par primary and secondary trades, affirmation, and confirmation of Syndicate lending trades
- Solving queries daily with onshore and reaching out to agent banks regarding missing notices, payment dues, wires for aged past dues, interest mismatch etc
- Monitoring mailbox incoming work and assigned to the team accordingly throughout the day
- Monitoring of Cash payments/receipts in case of borrowing and Paydowns, coding the notices/renaming conventions of notices on LSfax mails/notices
- Ensuring all transaction processing in system for all notices which received from agent banks are processed, approved & released on same day with set quality levels
- Extract of reports and reconciliation in Clear par on daily basis by EOD with set quality levels
- Handling escalation, coordinating with global partners on a weekly basis through VC, calls and sharing the minutes of meeting across the team
- Monitoring day-to-day activities of team and ensuring smooth functioning of the process without any breach in policy
Assistant Manager
HSBC Bank
Kolkata
12.2016 - 06.2018
- Played a key role in the Migration Project for Deal Setup and Funding process from Kuala Lumpur, Malaysia.
- Handled a team working on Syndicated and bilateral deals for UK region (Team Size - 6)
- Responsible to make any Deal & Facility level amendments in Loan IQ application
- Receive instructions regarding loan activity regarding Drawdown, Rollovers, Repayments, Manual Transactions, Interest payment and fees transactions and Build information in Loan IQ
- Prepare Deal, Facility, Note Book in Loan IQ, and Update SSI details in Deal in Loan IQ Application
- Reviewing on Bi-Lateral, participation and agency deal for UK region
- Responsible for servicing and closing the deal (new & existing) from Loan borrowing to Loan pay down
- Reviewing entire credit agreement and analyzing data including margin, fee rate (utilized/un-utilized), interest, etc
- Handling escalation, coordinating with global partners on a weekly basis through VC, calls and sharing the minutes of the meeting across team
- Providing approvals for funding, roll over, pay down, payment instructions and fees for loans processed
- Monitoring day to day activities of team and ensuring smooth functioning of the process without any breach in policy
Operation Analyst
Deutsche Bank Group (DBOI)
Bangalore
03.2013 - 11.2016
- Performed the role as Deal Administrator Global Loan Operations (US & UK)
- Responsible for servicing deals (both Agented & Non-Agented) & processing of Loan Repricing's (Renewal), New Drawdown, Interest payments, principal payment, fee payment for the same
- Ensuring all transaction processing for all notices which received from agent banks are processed, approved & released on same day with set quality levels
- Scheduled Activity Generation and Work-in-progress Review and to see to it that it is completed by EOD
- To investigate & reconcile the past dues & WIP's (work in process) items
- To follow-up with agent banks for any discrepancies on lender shares, missing trades, missing notices/funds
- Responsible for sending out Intent & rate set notices to lenders, risk participants & borrower
- Responsible for processing fund movements to inter branches & sending out funds for agent banks
- Responsible for monitoring Manual NL AG Loan admin mail inbox, Renaming & Movement of notices to respective lender folders
- Analyzing credit agreement to ensure all records in system are as per the agreement and making necessary changes wherever required
- To investigate on negative accruals in the system (causes for it) and doing the online accrual for correct interest payments
- To update new spread rates (margin) in the system for a particular customer per the pricing matrix
- Query handling: Agent, Participants, Lenders, and Front Offices.
Finance
Unique Planet Solution
Bhubaneswar
03.2011 - 10.2012
- Role involved closely working with bank, student and professional for enhancing the revenue capability for the organization
- Builds market position by locating, developing, defining of Home Loans, Personal Loan and Student Loan
- Prospect for potential new clients and turn this into increased business targets
- Identify potential clients, and the decision makers within the organization
- Submit weekly progress reports and ensure data is accurate
- To work with the internal team, marketing staff, and other managers to increase sales opportunities and thereby maximize revenue for their organization
- Prospect for new clients by networking, cold calling, advertising, or other means of generating interest from potential clients
Education
MBA - Finance
IBCS, SOA University
Bhubaneswar, Odisha06-2010
BBA - Finance
RIMS
Rourkela, Odisha06-2008
Skills
- Transaction Management and Quality Assurance
- Loan Operations Management
- Exceptions Management (TLM)
- Loan IQ, WSO, Ncino, Redux
- Signature, Appian, Turbo car
- Manpower planning and scheduling
- Performance Management
- Mainframe, Browser Main Frame, Clear par
- KRI's and KPI's Management
- Team management
Projects
UK Customer building, 05/01/14 - 07/31/14
Purpose of this project is to feed all information of the customer in Loan IQ includes - Name, Legal and mailing address of the customer in admin details and Loan IQ. Fund manager of the respective customer, KYC check alias as DB client/DBCAT. Contact details of lenders, borrowers, guarantors, and SSI setup. Classification & fund of the customer, location codes as per customer address.
US documentation/Doc Tracking, 02/01/16 - 05/31/16
Purpose of this project is to feed and upload all the relevant documents regarding the deal in Loan IQ. This includes the following information: - Uploading the documents in DB loan docs, Debt domain and Intralinks websites. Proper valuation of the documents which includes signatures from borrower, agent banks, lenders, exhibits and schedule. Feeding the collateral accounts and the collateral value into Loan IQ that is linked to Deal. Restricting and releasing the collateral value in the system as per the loan amount.
Accomplishments
- Involved in business fests & presentations.
- Involved in various sporting and cultural activities.
- Awarded as the Best Manager in GLO Apr'21
- Quarterly award for 3rd Quarter 2022 for my team
- Awarded as Best Performer of the month for July'14 and May'16.
Languages
- English
- Hindi
- Odiya (Mother Tongue)
Personal Information
- Passport Number: L8455812
- Nationality: Indian
- Marital Status: Married
Disclaimer
I hereby declare that all the information furnished above is true to the best of my knowledge and belief.
Timeline
Manager
Silicon Valley Bank (First Citizen India)
07.2020 - Current
Assistant Manager
Viteos Capital Market Services
07.2018 - 07.2020
Assistant Manager
HSBC Bank
12.2016 - 06.2018
Operation Analyst
Deutsche Bank Group (DBOI)
03.2013 - 11.2016
Finance
Unique Planet Solution
03.2011 - 10.2012
MBA - Finance
IBCS, SOA University
BBA - Finance
RIMS
Similar Profiles
MOHANKUMAR NMOHANKUMAR N
IT Service Management at First Citizen IndiaIT Service Management at First Citizen India
Prathap KumarPrathap Kumar
Manager of KYC QA at First Citizen IndiaManager of KYC QA at First Citizen India
Johnny CalderonJohnny Calderon
Manager, Operations at Silicon Valley Bank (now a division of First Citizens Bank)Manager, Operations at Silicon Valley Bank (now a division of First Citizens Bank)