Prakhar Deolia

• Leading as the Product Owner for the India desk for the Federal Deposit Insurance Corporation (FDIC) Rule 370.
• Worked alongside the U.S. Business partners to determine and implement solutions that fulfill FDIC 370 requirements.
• Maintain accurate BRD and Visio diagrams reflecting updated processes.
• Conducted requirement gathering and analysis for multiple applications that provide data to the FDIC Central Engine for insurance calculations.
• Perform root cause analysis, and make recommendations for addressing identified deficiencies or improvements to business compliance.
• Managed and prioritized the product backlog to deliver maximum value while aligning with stakeholder expectations for critical business needs.
• Performed impact analysis on Loan IQ when introducing new functionality or making changes to existing business processes and workflows.

• Participated in forming the roadmap for operations transformation.
• Led cross-functional teams in the implementation of Sales Force across corporate banking.
• Partnered with business stakeholders to ensure the seamless implementation of a new mobile banking application.

• Leading the implementation of a digital lending platform using Perfios for new and existing customers.
• Refined the customer journey using innovative testing methods, personalized solutions, and automation in both digital/traditional channels.
• Ensured product compliance with regulatory standards and industry best practices.
• Developed a control framework and change management process for strategic alliances, incorporating a monthly health rating system for channel partners.

• Lead the implementation of supply chain finance automation tools and platforms to streamline financial operations.
• Partner with technology teams to design and deploy automated workflows, ensuring integration with ERP systems (e.g., SAP HANA).
• Develop real-time dashboards and reports in SAP to track bank guarantees, credit utilization, and billing performance.
• Conducted user workshops on the automated bank guarantee process and associated SAP functionalities.

• Collaborate with technology, design, and operations teams to build and launch new digital banking products like IFMS( Inventory funding management system)
• Develop innovative products and services, such as cash management, trade finance, payments, and lending solutions, tailored to the corporate banking sector and MSME customers.
• Drive the digitization of existing corporate banking products and services to improve efficiency and scalability for corporate customers.

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• Analyze existing commercial banking processes (e.g., loan origination, credit assessment, cash management, and trade finance) to identify inefficiencies and automation opportunities.
• Create detailed documentation, including process maps, functional specifications, and user stories for collections platforms like POS (point of sale terminals).
• Partnered with project managers during the SDLC process, from vendor selection, project execution, artifact review, and deployment.