Somaraju Prashanth Kumar
Mumbai
Summary
Seeking a challenging position within IB and Corporate Treasury
Overview
24
24
years of professional experience
1
1
Certification
Work History
Business Consultant: Asset and Wealth Management, Strategic Initiatives
Tata Consultancy Services
04.2021 - Current
- Trafigura: TMS implementation (IT2 – ION Product)
- Modules worked on: Bank Reconciliations reporting and Accounting
- Calypso CoE: was instrumental in setting up the Calypso CoE for TCS. Involved in the solutioning, change management supporting requirements of various accounts with in TCS
- ACI: Bloomberg Cost Reduction project
- Analysing various Bloomberg requests which ACI does on a daily basis and analysing duplicacies / asset classes and getting a right Bloomberg plan for the client.
Retainer: Risk Advisory
DEloitte Touche Tohmatsu india llp
03.2019 - 06.2019
- Creating BRD’s, RFQ’s for the corporate Treasury Clients as per the project’s requirements.
- Creating Roadmaps for the various Treasury projects and their implementations.
- Conducting the GAP analysis for the various corporate Treasury processes and reporting
- Advisory for various corporate Treasury automation and Transformation projects with various clients
Manager: Treasury BackOffice
TESCO Bengaluru
02.2010 - 01.2019
- Managing Treasury Back Office for the TESCO Plc Group.
- My team handles the entire BackOffice functions for the corporate area like Confirmations, Reconciliations, Settlements, Investigations and the Queries
- Transitioned and setup the entire Back office operations from UK.
- Instrumental in infrastructure and manpower setup in TESCO HSC.
- Ensuring in the delivery of High-Quality Standards in Service Level Agreements
- Systems proficiency in Quantum (SunGard) /SteLINK (Bottomline)/ MISYS
- Domain expert for all the BO functions with in Treasury.
- Project Undertaken: Treasury Transformation Project: Presently involved in the design / testing and implementation on the Treasury BO system for TESCO
- Participating in design discussions to arrive at technical solution for the development
- Participate in the scoping exercises, requirements sessions and get the complete grip on the requirements
- Engage teams and guide them in designing their solution, keeping in mind the end to end flows and dependencies
- Key connect with the Consultants and the Vendors for the BO design / testing / signoff.
- Assist end to end testing team in planning, execution and delivering the test results
- Active participation in various stake holders’ calls to address the queries related to functional aspects of the project, deliverables and timelines
- Project to LIVE by April 2018.
Manager: Collateral Management
Deutsche Bank
11.2006 - 01.2010
- Managed the Recs/Controls Team for Singapore and the Collateral Asset Management piece for London/UK locations.
- Handling the Recon of the London / Singapore Asset Management teams. Securities Pricing, Initial Margin Reports for all the Locations and there by being a support function for the Margin Managers (Middle Office).
- Transitioned the US Asset Management functions with in Collateral Management in Oct 2007. These include Security / Cash Reconciliations and P&I functions
- The NY Asset Management team handles Security / Cash Recon , P&I activities , Maturities , REPOs (Opens/Closes/Repricings),CUSIP setups et
- Handled a Team of 10 SPE’s & PE’s
- Systems proficiency SENTRY / KONDOR
Assistant Manager: Foreign Exchange and Money Markets.
AMERICAN EXPRESS BANK
01.2003 - 11.2006
- Employed from January 2003 till November 2006 as Assistant Manager at American Express Bank Ltd. Worked in American Express Bank Poole, United Kingdom in Foreign Exchange and Money Market settlements.
- Settlements of Treasury transactions pertaining to American Express Bank Ltd - United Kingdom Foreign Exchange, Money Market and Call Accounts.
- Verification and authorization of Foreign Exchange and Money market on the basis of Swift Confirmations, Reuters Conversations, fax confirmations and phone swaps.
- Handling the CLS desk for American Express, London which involves liaising with the customers and setting them into CLS counterparts and ensuring the smooth flow and settlements of the deals in the CLS system.
- Liaising with dealers and customers.
- Interface Monitoring for payments/deal flows etc.
- Closely monitoring the currency cut-off for different time zones.
- Handling queries from reconciliation’s and clearing the suspense account entries.
- Also handled the Confirmations desk for UK , US and Singapore sites.
- Achievements: Won Premier Performer Award for 2004.
- Projects Undertaken: User testing for of FMS online system development.
- Actively involved in discussions and development of the IREC module.
- Involved and Tested FXPR (FX Payments Processing up gradation module in OPICS)
Associate: Global Markets Operations and Global Reconciliation.
Standard chartered Bank
08.2001 - 01.2003
- Handling the Confirmations desk for the US Operations in the Treasury Dept.
- Verification, Matching and Querying of Money market and FX trades in Swift formats and resolving the issues concerned to confirmations desk.
- Monitoring the critical deviations for various counterparties that are specifically applicable to US operations, they are vital because of huge financial implications.
- Preparing MIS and KRI Reports.
- Ensure all the payment messages sent by OPICS are duly acknowledged by Swift.
- Nostro Reconciliation’s for India, Indonesia, Philippines, Thailand, Taiwan, UK, US etc.
Education
Bachelor of Sciences -
S.K University
Anantapur, A.P.01.1997
St. Joseph’s English School - CBSE
St. Joseph’s English School
Kurnool, A.P.01.1992
Skills
- Staff mentoring
- Customer service management
- Training and mentoring
- Business intelligence analysis
- Operations management
- Process analysis
Certification
Welch Way – Leadership in Action Program
Timeline
Business Consultant: Asset and Wealth Management, Strategic Initiatives
Tata Consultancy Services
04.2021 - Current
Retainer: Risk Advisory
DEloitte Touche Tohmatsu india llp
03.2019 - 06.2019
Manager: Treasury BackOffice
TESCO Bengaluru
02.2010 - 01.2019
Manager: Collateral Management
Deutsche Bank
11.2006 - 01.2010
Assistant Manager: Foreign Exchange and Money Markets.
AMERICAN EXPRESS BANK
01.2003 - 11.2006
Associate: Global Markets Operations and Global Reconciliation.
Standard chartered Bank
08.2001 - 01.2003
Bachelor of Sciences -
S.K University
St. Joseph’s English School - CBSE
St. Joseph’s English School
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