PRAVEEN KUMAR T J
Coimbatore
Summary
Leadership - Organized Deputy General Manager with 19 years of Total Experience in Multi-site operations management. Proactive leadership skills to motivate and mentor employees to achieve business goals. Adept with leading teams of 250+ employees in a fast-paced environment. Motivated with proven history of successfully implementing strategic approaches to drive smooth operations. Strategic with strong business acumen to partner cross-functionally to execute long-term plans.
Domain - Strong experience of Investment Banking in Trade Settlements & Processing, Repo Settlements, Custody Settlements while managing various markets like Euroclear, Cedel, FED, DTC & Crest market and Cash/Stock Reconciliations have helped recognized for performance excellence in Operations and Client Service.
Overview
20
20
years of professional experience
1
1
Certification
Work History
Deputy General Manager
STATESTREET HCL Services
05.2019 - Current
- Responsible for Managing the Transaction Services Middle Office Operations of Trade Processing Groups across all regions APAC/EMEA/US comprising of teams like Electronic Traded Delivery (ETD), Manual processing, Special Services Group (SPG), Client Service Team (CST), Trade Blotters Team using various applications including Global Transaction Manager (GTM), Securities Transfer System, Multi-Currency Horizon (MCH), Variation Margin Wire (VM Wire) and Inquiry Management Tool (IMT)
- Responsible for ensuring all Custody settlement trades and accounting trades are booked timely and thereby ensuring the Client's deliverables are met
- Manage Weekly / Monthly discussions with Client and internal departments on KPI & KRI's of Operations team
- Applied creative reasoning and logic to resolve complex and specialized managerial issues and develop sound solutions
- Reviewed performance results to target and take corrective measures with authorization and escalation
- Employed best practices and management controls to provide superior service to internal and external customers
- Managed budget implementations, employee evaluations, and contract details
- Collaborated with cross-functional teams to develop innovative solutions
- Maximized operational excellence mentoring personnel on management principles, industry practices, and company procedures.
Associate General Manager
STATESTREET HCL Services
- Client Service & Trade Processing, Middle Office: Trade Processing of ETD, Manual, SPG, Trade Blotters: APAC/EMEA/US
- ETD – Electronic Traded Delivery
- Short Term Floating Rates Notes
- Certificate of Deposit
- Euro Certificate of Deposit
- Repos/par paper
- US T-Bills/Notes/Bonds
- Euro Bonds
- Mortgage-Backed Securities
- Corporate Bonds
- Zero Coupon bonds
- Intersystem recon – Blotter recon – discrepancies – ensure all trades processed correctly
- Wire payments, Pair off Payments, FX payments, Collateral payments, Interest Claims
Senior Manager – Service Delivery Lead
WIPRO
07.2016 - 03.2019
- Responsible for Managing Operations of Fixed Income Settlements and Reconciliations Utility by ensuring the teams to adhere to agreed Service Level Agreements
- Job Profile – Fixed Income Settlements
- Clearstream settlements
- Pre-matching, pair offs, fails management
- Prime Brokerage settlements
- Collateral & Pledge management
- MTN & ECP issuances
- Domestic Settlements (Italy & French)
- Crest settlements
- Payments through SWIFTS – MT202/MT102/MT299/MT599
- Securities Depot/Nostro Reconciliations Utility
- Fixed Income, Equities, PB, SBL
- Investigation, Matching, allocation and resolving Cash and Stock breaks
- Client money segregation
- Risk & Governance
- Global Balance sheet substantiation
- Applications access profiles – Maintain entire inventory at process level
- Projects:
- SSI clean ups for settlements to improve Settlement efficiency
- Reconciliation – Through Automation and TLM auto-matching achieved 2.5 FTE save.
Associate Manager – AVP
ACCENTURE INDIA Services
03.2015 - 10.2015
- Responsible for Managing the Operations of US Settlements (Custody Settlements) comprising of FED, DTC, Euroclear, CAD and International Securities Lending Teams along with ETFs & US CP Issuances spread across Bangalore & Mumbai performing Pre-matching, Pair off Settlements, Funding for FED trades, Payments, Position managements/book transfers and ensuring all lending & borrowing trades are flown through correctly to BBH & Cash & Stock Reconciliations Run Weekly / Monthly performance metrics discussions with the Retained Organization and with Senior Management thru Service Delivery Review Calls.
Assistant Vice President
BARCLAYS Shared Services
02.2012 - 02.2015
- Responsible for Managing the Operations of Fixed Income Structured Products Settlements (Primary Issuance Team), Secondary Settlements Team, Pre-matching, Pair off Settlements (Euroclear/Clearstream), Collateral Payments Team & Nostro Reconciliations spread across Chennai & Mumbai by ensuring the teams to adhere to agreed Service Level metrics, meeting and monitoring Key Performance, Risk & Control Indicators thru Restructuring & Re-organizing operations, process efficiencies thru automations & transformation, Weekly / Monthly discussions with the Retained Organization and internal departments namely Operations Risk and Performance Management, Compliance, Audit, Operations & Performance Review Boards with Senior Management thru Service Delivery Review Calls, Operations Delivery & Performance Measurement Calls & discussions
- Products Handled during the Tenure:
- Bonds – Pre-matching, settlements & payments (Premier Clients)
- Syndicate issuances and settlements
- Private Placements
- Medium Term Notes (MTN) & payments to 3rd party issuances once stock received
- Structured Capital Markets Trades (SCM) & payments
- Special Purpose Vehicles (SPV)
- Exchange Traded Funds (ETF) & Settlements (Creator & Client - back-to-back trades)
- Preference Shares
- CD/CPs
- Variable Fund Notes (VFN) & payments
- Physical Settlements – Settlements, Payments & preparing of transfer docs for transfer rights for sale trades
- Collateral Payments – Check and Release payments through SWIFTs – MT202/MT102
- Reconciliation of Cash and Stock breaks for all products
- Transition Experience:
- Successfully migrated Structured Settlements from Glasgow 2012 in Barclays
- Successfully migrated 2 processes to Mumbai 2013 as part of Resiliency in Barclays.
Team Leader
JP MORGAN CHASE
04.2006 - 01.2012
- FI Repo Settlements, Crest Settlements, Reconciliations, ODMU-Overdraft Monitoring Unit
- Transition Experience:
- Successfully migrated 3 processes from Mumbai 2008 to Bangalore
- Successfully migrated the remaining part of Crest Settlements from Bournemouth through Video conferencing and Outlook communicator.
Senior Process Executive
HCL Capital Markets
05.2005 - 04.2006
- Nostro Reconciliations : Managed Cash reconciliations with 2 FTE for Singapore, Hong Kong, Taipei, and Jakarta branches
- Investigation, matching and allocating funds to right department.
Customer Care Officer
CONVERGYS INDIA Services
02.2004 - 04.2005
Education
Bachelor's of Commerce -
St. Joseph's College
BangaloreSkills
- Leadership & Team Building
- Operations Management
- Strategic Planning
- Risk Management
- Client Relations
- Process Automation
- Operational Efficiency
- Project Management
- Problem Resolutions
- Top Talent Recruiting, Hiring, & Retention
- Budgeting and Cost Control
Accomplishments
- As Transformation Lead, achieved 5 FTE save due to automation in SSHS
- Achieved 9 FTE save in Wipro for all lean projects
- Acted as a SPOC for all Lean projects and successfully completed the merger of two settlements teams (FI Dom & ICSD Settlements) resulted in 5 FTE save in Barclays.
Certification
Strategic Management – IIMBx
Lean Six Sigma Green Belt Certified - Six Sigma Academy Amsterdam .
Timeline
Deputy General Manager
STATESTREET HCL Services
05.2019 - Current
Senior Manager – Service Delivery Lead
WIPRO
07.2016 - 03.2019
Associate Manager – AVP
ACCENTURE INDIA Services
03.2015 - 10.2015
Assistant Vice President
BARCLAYS Shared Services
02.2012 - 02.2015
Team Leader
JP MORGAN CHASE
04.2006 - 01.2012
Senior Process Executive
HCL Capital Markets
05.2005 - 04.2006
Customer Care Officer
CONVERGYS INDIA Services
02.2004 - 04.2005
Associate General Manager
STATESTREET HCL Services
Bachelor's of Commerce -
St. Joseph's College
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