Shubhangi Baldawa
Bangalore
Summary
Analytical, Enthusiastic and Innovative Financial Analyst with around 10+ years' experience in Capital Market, presently working in Investment Banking domain. Hands on experience in Derivatives, Rates, Fixed Income, Bonds and Equities. Commands excellent Communication and Presentation skills. Specialized in gathering tactical and strategic functional data requirements, P&L and Risk analytics along with Team Management experience.
Overview
2
2
years of professional experience
Work History
AVP - Product Control -Treasury FX
Barclays Shared Services
06.2022 - Current
- Review daily P&L, including understanding risk positions and market moves for P&L explanation, and review of flash vs formal differences
- Engage day-to-day in detailed discussion with traders and risk managers on risk positions and P&L.
- Attend to ad hoc queries from traders and other infrastructure partners relating to trading revenue and Balance Sheet
- Instrumental in Transformation and change management projects like Automation of P&L workflow, Dormant book closure and simplification of existing reconciliations
- Review key weekly & monthly MIS to senior management
- Gained in-depth understanding of provisioning and price testing controls and processes, and review month end working
- Engage in detailed discussion with traders, risk managers and Independent Valuation Control team on results.
- Liaise with valuation expert on modelling appropriateness and other technical/booking issues
- Perform detailed review of month end adjustments, and Balance Sheet substantiation
- Engaged with Internal and External Auditors on quarterly basis to provide necessary datasets and walk them through changes in process or controls.
- Promoted and led performance enhancement culture by actively coaching and mentoring direct reports.
Lead Analytical Consultant-Market Risk
Wells Fargo
- Instrumental in building BI tools for Market Risk Organization, where I build & apply business expertise to complement technical side in designing analytical tools & procedures
- Managing various projects by understanding user requirement & problem statement in developing improvement plans
- Carve out acceptance criterion for key deliverables for initial engagement covering data analysis, data quality monitoring, and data migration areas
- Worked on various projects viz
- Automation of Independent Price Verification, Built BI solution for Customized Stress Scenarios, Data visualization tool for Aggregate Limits dashboard, Tableau Analytical tool for Risk Factor analysis
- Responsible for daily BAU activities related to Daily VAR failures, Time series Analysis and reporting of any breaches related to it
- Gained training on data visualization tool like Tableau & SQL
- Travelled to the USA to understand business first hand
- Worked on various external platforms like Bloomberg, Reuters, Xenomorph, and Risk engine.
Manager – Product Control – Derivatives
Standard Chartered Bank
- Responsible for managing the typical production of the daily and month-end p/l reporting processes for Derivatives Desk
- Review the daily reports & make sure all the reconciliations are in-line with explained breaks
- Prepare End of the day performance report for Onsite co-coordinators to provide insight around ongoing activities
- Perform reporting metrics to provide visibility into P&L trends and regularly tracking its activity
- Lead calls with FO & Onsite co-coordinators on regular basis
- Active participation in internal & external Audits
- Within span of 6 months implemented & stabilized new FVA-CVA methodology to the process
- Instrumental in Global Actual Vs Flash process for FICC products across all the regions
- Standardized current reporting structure by initiating macros, also suggested various ideas which helped to make the process more robust and less error-prone
- Created, streamlined, and perform daily, weekly and monthly reconciliations to allow greater control and efficiency & strengthen quarterly audit and compliance exercises
- Actively involved in identifying & correcting system shortcomings by providing input to technology team during design, build-out, and testing.
Analyst in Euroclear settlements for Equities & Fixed Income
WIPRO: Credit-Suisse
- Hand on experience in Settlement & Asset Servicing operations across Fixed Income & Equities
- Daily work on Pre-Matching & Confirmations of trades
- Cash Management relating to trade settlement process
- E-payment for new-issues and under-writing
- PairOffs, Payments & Inventory Management
- Monitoring full and partial pair off for netting trades with agreement with Counter-party
- Personal interaction with the clients & associated banks - JP Morgan, Morgan Stanley, GoldmanSachs, UBS, HSBC etc
- Handled adhoc queries from Traders, Front office & Middle office
- Performed Client Reporting & MIS-Holdings, Trends, Volume Analysis
- Preparing Risk Report of settlement process which includes interest claims on failing trades, amended on settled trades and write off
- Reconciliation of Nostros & Depots on I'match
- Post cash entitlements to particular trading account & client accounts
- Work closely with corporate action team for settlement of stock splits, spin off and bonus shares
- Systems Used - Euclid, Mint, Global One, I-Match, Bloomberg, Swift.
Senior Analyst/Team-Supervisor- Product-Control
Deutsche Bank (DBOI)
- Responsible for Risk and P&L function for the trading desk with specific accountability to substantiate the numbers and present the analysis to Traders and Onshore Finance Directors
- Managing a team of 2 Analysts & responsible for mentoring, training & escalations management
- Responsible for the accurate and timely production of daily T+1 P&L production, Risk reporting, attribution and analysis
- Review the reports generated by analyst & take signoff from the trader on daily P&L, and report discrepancies and respond to queries for necessary assistance to FO
- Prepare logical commentary at attribution level & Upload the P&L figures in DART (MIS system)
- Represented the team during Global Group Audits & Annual Audits
- Strong understanding of Mark-to-Market valuation of Fixed income products
- Perform month-end tasks to finalize the ME P&L for the desk & take necessary adjustments to resolve B/S vs P&L system breaks
- Ensure book completeness through reconciliation for flow of data from FO to P&L system
- Facilitate Traders to open a new book or to close an existing book in the P&L system
- Assist Analysts in Clearing Market Conformity breaks, in order to make sure the rates used by trader are in sync with external source
- Monitor VAR & provide the relevant commentary in case of the trigger
- Monthly reconciliation of YTD & MTD figures with all systems
- Reconciliation between FO Booking system, Valuation system and P&L Reporting system
- Implement the necessary controls in the process to reduce the operational errors & monitor the trading activities
- Lead Daily calls with Finance Directors & weekly calls with Onshore
- Provide Monthly updates to higher management on the performance of the desk
- Close interactions with Valuations Team & Front Office
- Active participation in cross-resiliency project
- Monthly recertification of the Process SOPs/KOPs.
- Investigated system issues and implemented resolutions to reduce downtime.
Research Analyst for Credit Suisse Bank in Derivatives Risk & P&L Valuation Support
CRISIL Ltd
- Generate market risks in the form of Greeks for derivative products like Vanilla Options, Exotic Options (OTC) by using valuation models
- Additionally responsible to present it to Risk Management Team, Derivatives Trading desk and Senior Management
- Validate valuation, Risk sensitivities & potential credit exposure
- Investigate & resolve risks failure for Exotics Trading desk
- Responsible for accurate & timely preparation of Daily profit and loss and analysis of T+1 P&L
- This includes structured reconciliation, review of the trading risk and market moves in order to provide P&L attribution and commentaries, and a detailed review of new trading activity
- Ensuring all the exotic derivatives trade risks and pricing models are captured accurately in daily risk measure calculations (VAR)
- Respond to the queries raised by Traders, RMM team & Development Team
- As per FSA rule, report current positioning or any major changes in P&L to trading desk on timely basis along with the explanation for the P&L movement due to change spots, vols, rates, new trades, etc & resolve breaks, in any
- Provide End of Day Support in rebuilding the trader's book on Generic Template Server & produce P&L and Risk figures for trading books
- In case of discrepancy, perform in-depth analysis and reconciliation between trader's & server generated book
- Developed tools & templates to reduce the time consumption for delivery of daily reports
- Worked closely with Development Team to modify new templates in trading books as per Trader or RMM requirements and supported in infrastructural development projects
- In addition responsible to support in UAT testing of upcoming tools
- Provide intraday primary IT Support to Exotics Trading Desk for queries related to templates, Excel, Calculation or Valuation of the trades.
Education
MBA (Finance) -
Suryadatta Institute of Management
Bachelor in Business Administration (BBA) - undefined
Shivaji University, CIMDR
6 months course of ‘Financial Modeling & Equity Research' - undefined
Finatics
Qualified in Derivatives Market Module from NCFM - undefined
NSE'CERTIFICATION IN FINANCIAL MARKETS
Skills
Advance Excel
Visa Status
B1 visa valid till 2029.
Personal Information
Date of Birth: 11/06/1985
Timeline
AVP - Product Control -Treasury FX
Barclays Shared Services
06.2022 - Current
Lead Analytical Consultant-Market Risk
Wells Fargo
Manager – Product Control – Derivatives
Standard Chartered Bank
Analyst in Euroclear settlements for Equities & Fixed Income
WIPRO: Credit-Suisse
Senior Analyst/Team-Supervisor- Product-Control
Deutsche Bank (DBOI)
Research Analyst for Credit Suisse Bank in Derivatives Risk & P&L Valuation Support
CRISIL Ltd
MBA (Finance) -
Suryadatta Institute of Management
Bachelor in Business Administration (BBA) - undefined
Shivaji University, CIMDR
6 months course of ‘Financial Modeling & Equity Research' - undefined
Finatics
Qualified in Derivatives Market Module from NCFM - undefined
NSE'CERTIFICATION IN FINANCIAL MARKETS
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