SUYOG BORSE
Pune
Summary
Seeking Assignments in Risk, Controls, Compliance, Regulatory Reporting, Auditing, and Surveillance within the Investment Banking / Financial Services Industry
A performance driven astute professional with experience of 10 years in: Risk & Controls - Regulatory Compliance - Business & Employee Surveillance Investigation & Audit - Data Loss Prevention - Application Automation - Process Migration - New process setups - Control Room function Privacy Incidents - Business Excellence - Operational Research Issue Management - Team Management - Business Continuity Planning Currently employed at BNY Pershing India Pvt. Ltd. as Sr Associate – Pershing First Line of Controls, with experience in regulatory compliance and reporting, supervisory inspections, identifying control gaps, policy development and surveillance activities. Possesses extensive experience in both first and second line of defense within the organizations and demonstrates a comprehensive understanding of the operations associated with all three lines of defense.
Overview
11
11
years of professional experience
Work History
Senior Associate
BNY Pershing
06.2024 - Current
- Analytical and detail-oriented Compliance & Controls Analyst with proven experience supporting FINRA’s Remote Inspection Program to ensure strict compliance with regulatory and supervisory standards.
- Responsible for conducting meetings with FINRA-registered supervisors, licensed individuals, people managers, Directors, Managing Directors, and Executive Committee members across all four Broker Dealers (Pershing LLC, Pershing Advisory Solutions LLC, BNY Mellon Securities Corporation, and BNY Mellon Capital Markets LLC) to identify process operations, risk controls, and supervisory structures.
- Expert in reviewing branch activities, assessing registered representative practices, and evaluating firm procedures to pinpoint potential compliance deficiencies.
- Highly skilled in interpreting FINRA and SEC regulations, thoroughly documenting findings, conducting risk assessment and collaborating with compliance officers to strengthen internal control frameworks.
- Demonstrates exceptional organizational and communication abilities, maintaining transparency, operational integrity, and effective risk mitigation across remote working environments.
- Exhibits professionalism in establishing policies and procedures, developing day-to-day operational modules, managing escalation metrics, and preparing FINRA reporting metrics for the pilot inspection program.
- Reviews escalated matters and works closely with business compliance officers to address risks and monitor resolution of identified issues and control gaps.
- Drafting and revising RCSAs pertaining to Privacy and Remote Inspections, incorporating comprehensive risk assessments and clearly articulated control statements to address inherent risks associated with hybrid work environments.
- Representing BNY at FINRA and SIFMA enterprise meetings and participating in benchmarking discussions.
- Perform Control Room duties by overseeing personal trading classifications and managing information barrier designations and wall crossing activities, ensuring effective prevention of conflicts of interest throughout Pershing.
- Serves as a Privacy Champion cross-functionally, supporting the implementation of privacy policies and procedures, assisting with privacy assessments and red flag evaluations, and collaborating on the resolution of privacy incidents and data handling practices.
Associate II
BNY
06.2022 - 06.2024
- Served as an Associate in 2nd Line of Defense Compliance Surveillance, implementing multifaceted and structured procedures to provide independent review and challenge of 1st LoD activities, including trade, e-communication, and voice surveillance, as well as information and data protection, organizational policy maintenance, and assurance programs to support regulatory compliance.
- Responsibilities include investigating e-communication alerts to identify suspicious or abnormal activities related to market abuse, conflicts of interest, data loss prevention, employee conduct, operational or system issues, external business affiliations, corruption and bribery, gifts and entertainment, and other concerns that may result in fraud, financial loss, regulatory penalties, data breaches, or reputational risk.
- Conducted independent quality assurance reviews of 1st LoD e-communications surveillance supervisory assessments and identify potential instances of market manipulation or abuse.
- Regulatory reporting of identified misconduct is performed as required.
- Reviewing e-communication alerts governed by relevant policies and regulatory guidance within the scope of surveillance, escalating issues to the appropriate stakeholders or business compliance officers, and tracking these matters through resolution, including challenging decisions when necessary from a compliance and regulatory perspective.
- Documenting reviews and outcomes to ensure complete and accurate audit trail.
- Co-ordination of Compliance and policy maintenance across multiple Lines of Business.
Analyst/Team Lead Client Processing
BNY Mellon Corporate Trust
06.2021 - 06.2022
- Assessing team members' expertise and delegating tasks to foster collaboration, ensuring quality standards, SLAs, and TAT are met.
- Training staff and providing on-the-floor support to boost process efficiency.
- Developing strategies to enhance team effectiveness and streamline operations.
- Creating action plans by analyzing gaps in current processes, technologies, and structures to achieve ambitious targets and objectives.
- Using crisis management tools and conducting business continuity tests such as cross-regional recovery and recovery site training.
- Organizing operational training across regions for site recoveries and performing corresponding cross-regional recovery tests.
- Identifying gaps and implementing mitigation measures.
- Sourcing alternative procedures and operations for disaster recovery.
- Preparing risk and control documents including RCSA, SOP, SOW, training manuals, training plans, dashboards, quality logs, RCA, organizational charts, update logs, EOD reports, and SOD reports.
Intermediate Rep. Client Processing
BNY Mellon Corporate Trust
03.2018 - 06.2021
- Experienced professional in Corporate Trust responsible for verifying Bond Transfer and Redemptions via wire or checks.
- Maintaining Bond vault transaction and checklist for processors.
- Dedicated to ensuring accuracy in operations, responsible for research functions and handling client escalation or error corrections.
- Performed Corporate Trust middle office function including dealing with external client, handling client queries, call center functions via Aviva and coordinating with stakeholders and other supportive functions within Corporate Trust.
- Benchmarking best practices & reviewing matrices to ensure consistency in quality of interaction with clients and continuous improvement in service levels.
- Building and maintaining healthy business relations with corporate clients and ensuring customer satisfaction by achieving delivery & service quality norms.
Operations Executive
BNY Mellon Corporate Trust
08.2015 - 03.2018
- An experienced professional specializing in Corporate Trust Bond Redemption and Transfer processing, with expertise in transaction management, reconciliations, client service, and client payment setup.
- Establishes service standards and guidelines that set benchmarks for exceptional service delivery, ensuring deadlines and turnaround times are met without errors and in compliance with quality norms, standard procedures, and SLAs.
- Performs document review of client submissions to accurately determine payees and facilitate payments or transfers to appropriate parties and accounts.
- Accountable for updating process MIS, attendance records, EOD/SOD reports, query logs, quality logs, as well as preparing weekly and monthly dashboards.
Education
B.com -
Pune University
12th -
10th -
CS Inter App. - Intermediate
Certified Fraud Examiner - Pursuing
Personal Information
- Date of Birth: 09/01/92
- Gender: Male
- Nationality: Indian
- Marital Status: Single
Languages
- Hindi
- Marathi
- English
- Hindi
- Marathi
Timeline
Senior Associate
BNY Pershing
06.2024 - Current
Associate II
BNY
06.2022 - 06.2024
Analyst/Team Lead Client Processing
BNY Mellon Corporate Trust
06.2021 - 06.2022
Intermediate Rep. Client Processing
BNY Mellon Corporate Trust
03.2018 - 06.2021
Operations Executive
BNY Mellon Corporate Trust
08.2015 - 03.2018
B.com -
Pune University