Rushad Khosravi
Mumbai
Summary
Strategic Business Operations Manager with 16+ years of experience in Investment and Regulatory Compliance. Led teams of over 20 in optimizing processes and driving organizational growth. Skilled in project management, strategic planning, and team leadership, fostering effective collaboration and enhancing operational efficiency.
Overview
16
16
years of professional experience
Work History
Vice President - Operations
J.P Morgan Services India Ltd
01.2021 - Current
- Leading the Investment/Regulatory Compliance Depository Business for 14 Depository Regions across Europe
- Led a team of 19 employees across Mumbai and Hyderabad to manage daily operations for 60+ clients, ensuring seamless service delivery.
- Managed investment compliance process for EMEA and WHEM regions, overseeing rule coding and extended service model for breach reporting.
- SME in coding/reviewing complex investment compliance rules which include global exposure, commitment, netting/hedging
- Partnering with Depository Stakeholders in maintaining the compliance regulatory framework - UCITS/AIF/NURS
- Worked with Product leads on maintenance of regulations e.g. UCITS/AIF's, Money Market regulations.
- Implemented an efficient Benchmark solution for the process which saved the bank $900K.
- Automated Multiple manual processes to using automation tools like Alteryx which led to $ & time efficiencies
- Migrated and established middle office function from Edinburgh to Mumbai, enhancing operational capabilities.
- Setup an E2E Depository Business Model for the process from Interpretation of Prospectus -> Setup of ETL process-> Coding of Rules-> Monitor exceptions
- Leading the UAT/PVT testing initiatives within the department for all the technology enhancements deployed
- SPOC for managing all the technology enhancements, both Strategic & Tactical required for supporting the day-to-day operations for the business
- Presenting MIS and Scorecards to Senior Management on Governance Forums on the health of the business and process improvement opportunities.
- Trained, coached & mentored team members towards their development and long term career aspirations.
- Appreciation received from Senior Depository leaders for ensuring green ratings received for consecutive 12 months
Assistant Vice President
J.P Morgan Services India Ltd
01.2017 - 01.2020
- Migrated compliance rule building process from Bournemouth (UK) to Mumbai over two months in 2013 and 2015, enhancing operational efficiency.
- Investigating all investment guideline/regulatory breaches to assist the client in the breach resolution process.
- Recommending a course of action based on the investigation to assist the fund manager to take corrective actions.
- Enhanced quality of client work through improved recommendations and adherence to industry best standards for breach analysis.
- Building new rules as per the prospectus of the clients/funds and amending existing ones on the system (TRAC/ JP Morgan Access).
- Resolved complex technical requests for client during implementation of new business, ensuring seamless integration and client satisfaction.
- Review the investments made by various mutual funds on a daily basis to ensure conformity with the regulatory requirements.
Associate
J.P Morgan Services India Ltd
01.2011 - 01.2017
- Escalated high subscriptions and redemptions impacting net asset value of the fund for timely resolution.
- Executed Capital Stock and Expense Fee Rebates process to ensure accurate financial reporting.
- Posting of the subscriptions/redemptions/fee rebates/expenses on internal accounting system (WINS).
- Conducted reviews and validations of the work performed by others.
Team Lead
J.P Morgan Services India Ltd
01.2010 - 01.2011
- Reviewed and validated subscriptions and redemptions, enhancing accuracy and reliability of financial data.
- Posted subscriptions, redemptions, fee rebates, and expenses on internal accounting system (WINS) to maintain up-to-date financial records.
- Executed Capital Stock and Expense Fee Rebates process, ensuring timely and accurate financial reporting.
Education
Post Graduate - Finance
Chetana's Institute of Mgmt & Research
01-2010
Skills
- Operations Management
- Financial Analysis
- Investment /Regulatory Compliance
- Process Improvement
- Process automation
- Reconciliations
- SQL
- Tableau/Alteryx
- PowerPoint/Excel
- Stakeholder management
- Team leadership
- Client onboarding
- Sustainability Strategy (ESG)
- Strong Presentation Skills
- Communication
Accomplishments
- Multiple Successful Process Migrations
- J.P Morgan Impact awards 2023
- $900K Saves for the Bank
- Automation of Manual Processes
- Elimination of manual interventions/errors
- Successful multiple client onboardings
Languages
- Marathi
- Gujarati
- Hindi
- English
Timeline
Vice President - Operations
J.P Morgan Services India Ltd
01.2021 - Current
Assistant Vice President
J.P Morgan Services India Ltd
01.2017 - 01.2020
Associate
J.P Morgan Services India Ltd
01.2011 - 01.2017
Team Lead
J.P Morgan Services India Ltd
01.2010 - 01.2011
Post Graduate - Finance
Chetana's Institute of Mgmt & Research