Summary
Overview
Work History
Education
Skills
Websites
Accomplishments
Timeline
Generic
Srinivas Bommaraju

Srinivas Bommaraju

Summary

Vice President with extensive experience in Collateral Management at Societe Generale, specializing in optimizing operational processes and enhancing client satisfaction. Demonstrated expertise in Agile methodologies and strategic planning, achieving significant cost savings through innovative technology solutions. Skilled in fostering collaboration and delivering exceptional results in high-pressure environments.

Overview

25
25
years of professional experience

Work History

Vice President - Regional Head - Tech & Ops

Societe Generale Global Service Centre
Bangalore
07.2020 - Current
  • Company Overview: Cross Asset Collateral, Clearing & Cash Management
  • Leading a team of 220+ FTEs consisting of Ops & Technology across Bangalore and Chennai facing Clients and Clearing Houses to provide Comprehensive Collateral Management and Client Valuations Services.
  • Responsibility spans from Administration to Value-Added services like Optimization, Mitigate Credit Risk & Managing Operational Processes in case of Defaulting Counterparties.
  • Client Onboarding for ISDA CSA, GMRA, GMSLA, CDA etc.
  • Working with FO and RISK teams in onboarding new clients/contracts.
  • Actively contribute to the objective of RWA Sustenance and optimal utilization of Collateral - Cash/Securities.
  • Issuing/Receiving IM&VM Margin Calls, performing Portfolio Reconciliation and Dispute Resolution in line with CFTC/EMIR Directive for Bilateral OTC, Repo & Sec Lending.
  • Principal & Agency Clearing - Monitoring the IM/VM Calls Issued by CCP, Working with Clients for Delivery/Recall of Collateral pledged with CCPs, Default Management Process and Explore opportunities for Optimal Utilization of Collateral received.
  • Responsible for Production Support, Development and prioritizing the development requests for all the LoBs following Agile@Scale Methodology & DevOps Models.
  • Optimal utilization of resources in order to manage the existing volumes and also absorb incremental volumes if any.
  • Monitoring the risk in the IT Processes through ITRM, TSA, TCO, Vulnerability etc.
  • Delivering top NPS scores, CSAT Scores from the internal and external stakeholders and clients and analyze feedback where needed to make necessary improvements.
  • Continuously look for opportunities and avenues to Strengthen Controls, Increase Efficiency with final focus on Improved Customer Satisfaction.
  • Cross Asset Collateral, Clearing & Cash Management

Vice President

JP Morgan Chase Asset Management
06.2017 - 06.2020
  • Collateral Management
  • Cash & Stock Reconciliations

Vice President

JPMorgan Chase & Company
Manila
08.2014 - 07.2017
  • Company Overview: Manila, Philippines
  • Led a team of 76 people across Nostro, Custody and Market teams for the Data Admin & Validations.
  • Worked with Technology in building iRecs an alternate to TLM which resulted in saving 2.6 million USD for the group.
  • Manila, Philippines

Vice President

JPMorgan Chase Services India Pvt Ltd
Bengaluru
05.2011 - 07.2014
  • Company Overview: Bengaluru, KARNATAKA
  • India Head - Nostro Reconciliations for Markets, Security Services and Treasury Operations.
  • Bengaluru, KARNATAKA

Associate Vice President

Wipro Credit Suisse
08.2010 - 04.2011
  • Reconciliations, Interest Management and Broker Billing.

Assistant Vice President

Deutsche Bank Operations International
06.2006 - 07.2010
  • Collateral Management
  • Trust & Agency Services.

Sr. Fund Accountant

Spectrum Global Fund Administration
01.2006 - 05.2006
  • End-End Fund Accounting - Client Onboarding till cutting NAV.

Team Leader

Global Finance Services India
11.2003 - 05.2004
  • Company Overview: Oracle
  • Order Administration & Contract Renewal.
  • Oracle

Process Associate

GE Capital International Services
07.2000 - 11.2003
  • Handled financial tracking for both payables and receivables.
  • Handled reconciliation of custodial accounts at GE Financial Assurance.

Education

Bachelor of Commerce - Accounting & Taxation

Osmania University
Hyderabad
01.1997

Skills

  • Collateral Management - Sell/Buy Side
  • Custody & Fund Administration
  • Cash & Stock Reconciliations
  • Agile@Scale
  • Large Language Modelling (LLM)
  • Robotics Process Automation (RPA)
  • Machine Learning/Tableau/Xceptor
  • Strategic Planning

Accomplishments

  • Cost Optimization, Delivered $4.6 million in savings by decommissioning legacy systems and implementing efficient tech platforms for Automated Onboarding of Legal Documents like ISDA/CSA/GMRA/GMSLA, Consuming data from Central Clearing Parties and Reconciliations Tools.
  • Process Efficiency, Achieved a 41% productivity gain by leveraging Robotics, Machine Learning and LLM across operations.
  • Client Satisfaction, Introduced frameworks that significantly improved Net Promoter Scores (NPS) and strengthened payment processes to prevent duplicate transactions worth billions of euros.
  • Digitization, Built system to provide a 360 and Realtime Counterparty Credit Risk of Clients/Counterparties across the asset classes across group.

Timeline

Vice President - Regional Head - Tech & Ops

Societe Generale Global Service Centre
07.2020 - Current

Vice President

JP Morgan Chase Asset Management
06.2017 - 06.2020

Vice President

JPMorgan Chase & Company
08.2014 - 07.2017

Vice President

JPMorgan Chase Services India Pvt Ltd
05.2011 - 07.2014

Associate Vice President

Wipro Credit Suisse
08.2010 - 04.2011

Assistant Vice President

Deutsche Bank Operations International
06.2006 - 07.2010

Sr. Fund Accountant

Spectrum Global Fund Administration
01.2006 - 05.2006

Team Leader

Global Finance Services India
11.2003 - 05.2004

Process Associate

GE Capital International Services
07.2000 - 11.2003

Bachelor of Commerce - Accounting & Taxation

Osmania University

Similar Profiles

CREATE PROFILE
Srinivas Bommaraju