Ramkumar Swaminathan
Chennai
Summary
Dynamic Senior Vice President at Standard Chartered GBS, skilled in process migration and stakeholder management. Successfully led the Global Reconciliation Unit, driving automation initiatives that enhanced service quality. Proven track record in project management and team development, consistently achieving operational excellence and fostering high engagement levels within teams.
Overview
28
28
years of professional experience
Work History
Senior Vice President, Global Reconciliation Unit
Standard Chartered GBS Private Ltd
Chennai
05.2022 - Current
- Company Overview: 100% subsidiary of Standard Chartered Bank.
- Defining and driving the reconciliation strategy for the Global Reconciliation function across markets, products, and account types.
- Leading the GRU (Global Reconciliation Unit) teams in GBS, defining, and driving the overall strategy for the global processes, controls, and technology solutions within the function.
- Aligning GRU services with the relevant operational and technology change deliverables, including leveraging innovative solutions to increase the quality of services.
- Identifying opportunities to standardize processes, automate, eliminate non-value-added activities, and implement them for process improvements.
- Liaising extensively with a wide set of senior management and stakeholders (global heads, COOs, GPOs, etc.), I get the required support to resolve long-outstanding reconciliation open items.
- Continuously improving team productivity to the standards prescribed.
- Consistent review of process cycle times and ensuring effective and efficient service delivery.
- Leading inward migration of newer activities and enhancing centralization and standardization indices.
- Managing budgeting for the unit
- Ensuring high engagement levels in the teams with minimal attrition
- Implementing robust training and development plan keeping succession planning for key roles in consideration
- Understanding the end-to-end impact of any new change/enhancement initiative and ensure the change is incorporated in a seamless way with no service impact
- Follow up on risks with both internal teams and external stakeholders for timely closure
- 100% subsidiary of Standard Chartered Bank
Vice President, Financial Market Operations
Standard Chartered GBS Private Ltd
Chennai
04.2003 - 04.2022
- Company Overview: 100% subsidiary of Standard Chartered Bank
- Managed almost all the departments within FMO – Static Data, Ops Risk, FXMM and Fixed Income confirmation and settlements, Market Operations Control, Brokerage, FXMM post trade Investigations, Continuous Linked Settlement (CLS), Proof of Underlying Document (POU) Validation for India, FM POU Sanctions Unit and Business Facilitation and Strategy (BFS)
- Was responsible for setting up the Operations Risk team for FMO that covers KCSA checks, BCP, Audit co-ordination, conducting BORC meetings, RCA discussions, etc
- Management Reporting – As part of managing the BFS team, was responsible for ensuring that the various management reports like MIS, Dashboards, Control Packs, etc are reported to the top management on a timely basis with accurate data
- Supported the migration from legacy systems to newer platforms
- Managed end to end migration of processes from Country to GBS India– Static Data process, FXMM Processing and Reconciliations
- Implementation of Sanctions Queue
- Migration of Manual Reconciliation to TLM
- Implementation of Capacity Model for FMO
- Overseen the implementation of PS Timing tool for to capture and improve employee productivity and capacity utilisation
- Overseen the implementation of Customer Underlying Exposure System – specific to SC India
- Worked closely with the Management to set up the team at Bangalore as part of our resiliency strategy
- Setting up and migration of POU sanctions screening from various countries into the GBS India Hub
- Implementation of Swift India project for SCB India
- Implementation of GST project and CCIL LEI (Legal Entity Identifier) for SC India
- Played an active role in the Recon Studio squads identifying themes for recon breaks and mitigating the same
- As a product owner and country champion for GBS, was responsible for Murex implementation for FXMM Processes for various countries
- Strong working knowledge of FM systems like Opics, Murex and understanding of interfaces and flow to downstream interfaces to recon and Bank’s GL system
- Managing stakeholders at different levels – Dealing rooms / Front office, Senior management stakeholders like COOs, Global Product Heads, etc
- 100% subsidiary of Standard Chartered Bank
- Have resolved many long outstanding reconciliation breaks by closely liaising with Finance, GRU, Operations and technology teams
- Co-ordination with various teams to close out the recon gaps pointed out as part of internal portfolio review
- Was nominated for Best Manager across Global Operations
- Have received FMO star award from Group Head, HR
- Very actively involved and supported the Management in Budgets, Cost saves and BCP
- During the covid scenario, coordinated end to end BCP requirements for the function and have been the representative in the Crisis Management calls
- Coordinated for various audits – Concurrent audit for India, RBI audit, Internal Audit and other regulatory visits (PRA, Reserve Bank of Zimbabwe, Reserve Bank of SA)
- Managed various projects and migrations successfully
- Developed and issued Service Standards for FX Ops that contains acceptable service standards for various processes within FMO
Business Analyst
Ramco Systems Limited
Chennai
12.2000 - 03.2003
- Responsible for implementing the Ramco ERP for Financial and Treasury Modules
- Training the users in Financials by demonstrating the Product and using PowerPoint presentation
- Studying Customers’ AS-IS processes and mapping the same with the new system
- Defining and translating Customer requirements into functional and / or technical solutions through ERP delivered application
- Developing Visual Test Scripts for uploading data from the legacy system to ERP
- Responsible for Project Management – Adhering to Delivery Timelines, Escalations, Resource planning, UAT, Sign off, Go live support, etc
Deputy Manager (Finance)
South India Corporation (Agencies) Limited
Chennai
09.1999 - 12.2000
- Monitoring daily funds position and arranging for funds to meet the Division’s daily requirements
- Preparation of daily and monthly Cash Flow statements
- Preparation of MIS reports to be submitted to the Corporate Office of the Company, by consolidating the data received from various branches of the division
- Preparation of yearly Revenue and Capital Budgets for the Division
- Participating in the Periodical Review Meeting with the Company’s Finance Director
- Supervising the accounts at the Division’s Head Office and Branches
- Finalization and consolidation of Accounts of Branches and Head Office
- Monitoring the Debtors and Inventories levels of the Branches
- Overseeing the Current account reconciliation of branches with HO
Manager – Accounts
PL Agro Technologies Limited
Chennai
06.1997 - 08.1999
- Internal Audit, Assessment of Internal Control, Systems Study, Design and Development
- Preparation of monthly Balance Sheet and Funds Flow statement to be forwarded to the holding company
- Preparation of the Quarterly Information Statements to be submitted to the Company’s Bankers
- Preparation of Project reports and negotiating with Financial Institutions for Term Loan
- Coordinating with the Company Secretary to ensure compliance with Companies Act in respect of Secretarial matters
- Special assignment - Prepared and issued an 'Accounting Manual' for the Company which contained extensive guidelines for accounting transactions relevant to the Company
Articleship
M/s. Jagannathan & Sarabeswaran, Chartered Accountants
Chennai
- Statutory audits including independent finalisation of accounts of Consumer Product manufacturers, Software concern, Handicrafts, Financial and Educational Institutions
- Independently performed internal audits of various companies including devising of internal control system in selected area of operation
- Tax audits
- Statutory audits
Education
PG Diploma in Business Administration - Finance
Symbiosis Centre for Distance Learning
Pune01.2009
Office Computing in Finance and Accounts -
First Computers
Chennai01.1997
Associate Member of The Institute of Chartered Accountants of India -
01.1996
Graduate of The Institute of Cost and Works Accountants of India -
01.1995
Bachelor of Commerce -
D.B. Jain College
Chennai01.1992
Diploma in Business Management -
DB Jain Institute of Management
Chennai01.1990
Skills
- Migration of processes
- Implementation of new systems
- Setting up new teams
- Process automation and simplification
- Controls and governance
- People management
- Project management
- ERP implementation
- Systems study and development
- Internal audit
- Statutory and secretarial formalities
- Data analytics
- Operational risk management
- Stakeholder management
- Budget management
- Reconciliation strategy
Contact Address
18/13, Third Street, Chennai, Tamil Nadu, 600086, India
Email Addresses
- Ramkumar.Swaminathan@sc.com
- Ramkswami71@gmail.com
Key Attributes
- Result Oriented
- Trouble Shooter
- Analytical
- Consummate Team Builder
- Proactive
- Passionate about improving process and People
- Eye for Detail
- Strong Systems knowledge
Top Strengths
- Achiever
- Harmony
- Arranger
- Responsibility
- Developer
Personal Information
- Date of Birth: 12/30/71
- Marital Status: Married
Languages
- Tamil
- English
- Hindi
Skills Acquired
- Senior Vice President, Global Reconciliation Unit, Migration of processes from Country to GBS, Implementation / change over to new systems (Opics plus/TLM/ Murex), Setting up new teams, processes and systems, Streamlining the existing processes focussing on controls and governance, People and Project management
- Business Analyst, ERP implementation for different projects belonging to varied Industries, Implementation of Financial module comprising of Accounts Payable, Accounts Receivable, General Ledger, Fixed Assets, Management Accounting, Project Management, Working Knowledge in SQL
- Deputy Manager Finance, Managed Finance for the division, Submission of MIS reports to Management, Managing Accounts and liaising with the Auditors for finalisation of accounts
- Manager (Accounts), Systems Study and Development, Internal Audit, Statutory and Secretarial formalities
Career Details
27 years of Post qualification experience of which last 22 years in the Back office in Standard Chartered GBS Private Ltd (100% subsidiary of Standard Chartered Bank). 4 years of Audit experience (including articleship) in different type of industries. Independently handled Funds Management for division with an annual turnover of more than Rs.300 Crores. Extensively involved in Project planning, AS-IS/TO-BE analysis and delivered Projects on schedule without compromising on quality. Have managed multiple teams in various units. Currently managing a team size of 200+ across locations., To work in a strong forward thinking, progressive, equal opportunity organisation where I can apply the knowledge I have obtained, involving maximum utilization of my skills and experience. To deliver beyond expectations and meeting the challenges.
Accomplishments
- Have resolved many long outstanding reconciliation breaks by closely liaising with Finance, GRU, Operations and technology teams.
- Co-ordination with various teams to close out the recon gaps pointed out as part of the internal portfolio review
- Was nominated for Best Manager across Global Operations
- Have received FMO star award from Group Head, HR.
- Very actively involved and supported the Management in Budgets, Cost saves and BCP
- During the covid pandemic, coordinated end to end BCP requirements for the function and have been the representative in the Crisis Management calls.
- Coordinated for various audits – Concurrent audit for India, RBI audit, Internal Audit and other regulatory visits (PRA, Reserve Bank of Zimbabwe, Reserve Bank of SA)
- Managed various projects and migrations successfully
- Developed and issued Service Standards for FX Ops that contains acceptable service standards for various processes within FMO. This serves as guideline for various stakeholders as to what are the acceptable standards and processes that can be supported.
- As part of the platform change from legacy to Murex 3.1, I was involved in the end-to-end project from the requirement gathering stage to implementation for SC India, and post-go-live support
Timeline
Senior Vice President, Global Reconciliation Unit
Standard Chartered GBS Private Ltd
05.2022 - Current
Vice President, Financial Market Operations
Standard Chartered GBS Private Ltd
04.2003 - 04.2022
Business Analyst
Ramco Systems Limited
12.2000 - 03.2003
Deputy Manager (Finance)
South India Corporation (Agencies) Limited
09.1999 - 12.2000
Manager – Accounts
PL Agro Technologies Limited
06.1997 - 08.1999
Articleship
M/s. Jagannathan & Sarabeswaran, Chartered Accountants
PG Diploma in Business Administration - Finance
Symbiosis Centre for Distance Learning
Office Computing in Finance and Accounts -
First Computers
Associate Member of The Institute of Chartered Accountants of India -
Graduate of The Institute of Cost and Works Accountants of India -
Bachelor of Commerce -
D.B. Jain College
Diploma in Business Management -
DB Jain Institute of Management
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