PRASHANT NEGANDHI

Client:- MUFG

• Produce daily early-morning flash Market Risk reports for management review.
• Generate daily, weekly, and monthly Market Risk reports for MUFG Bank and Securities entities.
• Execute Market Risk data adjustments for stress scenarios, sensitivities, and Value at Risk (VaR) at multiple aggregation levels (trade, book, currency, strategy, and department).
• Run stress testing, VaR, and international reports, ensuring accurate submission to Market Risk Management (MRM) for review.
• Liaise with MRM, Front Office, and Technology teams for issue resolution and reporting enhancements.
• Provide timely responses to ad-hoc risk reporting requests

Client :- HSBC

• Responsible to establish a very strong partnership with stakeholders, front office and IT teams. Coordinate with different FO teams, IT, MRM, MRA to provide end to end resolutions.
• Engaged with stakeholders to produce requirements along with functional specification documents and to create & maintain the requirements in JIRA and Confluence page.
• As BA of IRM project, responsible for coordinating the on-boarding of new trading desks & risk measures into IRM frameworks, which involves giving requirements to IT, solutions design, performing UAT testing and getting business sign-off from stakeholders.
• Worked on different upstream systems (i.e. - Murex, Thor, River) and downstream systems (i.e. -Mars, Sage) as a part of data quality checks. To ensure that completeness of in scope books, products and trades on IRM for various desks: Flow Rates, FX Cash, Credit, Treasury, GDM.
• Established data governance through the Intraday control process by comparing intraday snap at EOD vs latest snap of different desk and analyse any differences between the EOD vs Intraday reports numbers. Build IRM data control process, in terms of feeds monitoring, stale data, limit monitoring.
• Accountable, IRM related requirements to be market risk reporting platform (MR++), Owned IRM requirements and providing solution design, testing and deploying any requirements in terms of building new functionality, new view, API, stress testing, establish new logic for calculation exposures in MR++.

• Worked as end-to-end change Business Analyst for delivering projects related to regulatory change, capital saving or Model improvement in Market Risk. And have experience in deriving VAR methods for multiple Regulators (FINAM, PRA,etc).
• Prepared detailed Business and Functional requirements in line with general specifications or list of requirements provided by Business/Stakeholders.

• Reviewed and validate daily/weekly/monthly exposure and collateral changes, in relation to current market events & provided commentary on business lines e.g. Prime Brokerage (PB), OTC Derivatives, FX, Repo and Security Lending and Borrowing (SLB).
• Prepared periodical counterparty portfolio reviews for specific products and participate in review discussion with business units and senior management withing counterparty credit risk.
• Analyzed & explained P-O-P exposure changes due to market movements. Validate data flow & functional logic in Credit Risk Management (CRM) and worked closely with reporting teams to prepare analysis and interact with various stakeholders.
• Monitoring/Analyzing of credit exposure metrics such as Potential future exposure (PFE), Effective Exposure) EE, Current Exposure (CE), stress test results (e.g. single- and multi-factor scenarios), Hedge Benefits and Collateral posted/ Collateral held.

• Independently pricing (IPV) and analyzing derivative position's Price and Valuation numbers on timely and accurate basis. Identify derivative products (OTC) pricing exceptions and variances.
• Valuing products on Bloomberg such as Credit Default Swaps (CDS), Interest Rate Swaps (IRS), FX Forwards, Options, Swaptions etc. when performing reconciliation to resolve pricing exceptions.
• Involvement in testing new internally developed pricing models & system enhancements & another ad-hoc task e.g.; vendor billing.
• Worked with clients on resolving price/valuation challenges and delating with exceptions.
• Review of client's level 3 assets valuations and methodologies. Reconciling the CITCO valuations with other reference sources on daily and month end basis to produce NAV to clients.

• Performed market data updating process, clearing exceptions, altering rules and source mappings as necessary in RDS and MYRIAD.
• Identified areas of weakness in processes/systems and ensure that are captured in the management system.
• Liaise with data providers (e.g. Internal / external sources, front office) as necessary to ensure continued provision of quality data.
• Daily signoff of risk, stress, and RegVaR/SVaR/RmVar figures, to ensure timely and accurate market risk captures.
• Reconciliation of trades breaks such as FAAR breaks, MARS - GBM breaks and creating and reviewing Auto Adjustments.
• Management and monitoring of stress testing scenarios for Market risk

• Independently handle routine issue related to valuation (IPV) and profit and loss queries for various products.
• Daily and month end task for OTC as well non-OTC product for valuation process and client queries related to NAV valuation. Identify and escalated valuation related issues to client.
• Handle reconciliation of Equities, Fixed income, other products like CDS, Forwards, IRS, Equity Swaps, TRS, FX OTC options etc...
• Reconciled the Globeop valuations with various other reference source on daily and month end basis to produce NAV to clients, working in tandem with fund accounting and operation team.
• Valued product on Bloomberg like CDS, IRS, Options, FX trades etc. when performing reconciliation task to resolve exceptions.
• Analyzing illiquid, fair value of securities, securities with stale price and no-movement exceptions from various vendors and challenge these securities price against manager and brokers.
• Performed an ad-hoc task such as Preparing Vendor Billing, CVA Report, Yield Curve checks, process documents and training subordinates.