Suman Sourav Rout
Bengaluru
Summary
A qualified professional in Market Operations with experience in various exchange-traded derivatives agreements such as ISDA, CSA, GMRA, GMSLA and other traded agreements. Currently, working with Standard Chartered Bank as a Manager leading team members from India and Malaysia. I strive for the big picture, focusing on excellence in communicating goals with a vision to succeed. I am skilled at developing strategies, providing training, setting goals and obtaining team feedback.
Overview
11
11
years of professional experience
1
1
Certification
Work History
Manager
Standard Chartered Global Business Services
Bengaluru
05.2020 - Current
- Lead BAU teams across India and Malaysia, driving operational excellence, process optimization and adherence to the highest quality and compliance standards. Spearhead strategic initiatives to enhance efficiency, streamline workflows and ensure seamless execution of critical business activities
- Perform the role of Quality Checker for record keeping of all OTC trading agreements and accurately capturing legal documentation clauses & information in global system tools feeding major trading teams such as Margin Operations & Collateral teams
- Monitor team mailbox, allocation of BAU requests and queries to the team and handling complex queries from various stakeholders
- Liaise with Margin Operations & Collateral Teams for updating trading thresholds as per their latest financial NAV values and also assist them in remediating the reasons for breaks in Margin Calls
- Closely work with Legal Teams from different regions on the execution of different Derivatives traded agreements
- Provide daily MI reports to stakeholders of the team
- Allocation and participation in various remediation activities within team
- Actively participate in UAT(User acceptance testing), propose enhancements, perform acceptance testing and identify defects before deployment in production environment
- Provide and assist with all audit requirements internally as well as externally
- Actively manage IBOR remediation project as well as track BAAs for providing necessary information to downstream teams
- Conduct training session for new members of team and bi-weekly knowledge sessions within team
- Handle regulatory projects such as Stay Protocol to ensure regulatory data in iCDMS has adhered to regulatory requirements
- As a part of fungibility program, explored business function of Margin Operations, acquired knowledge of on-boarding process in MARS system which generates Margin calls and assess Collateral balances for ongoing trades
Senior Associate
HSBC
Bengaluru
09.2014 - 04.2020
- Initiated requests in CLMT (Client Lifecycle Management Tool) by validating agreements negotiated and executed by legal negotiator and counterparties and accurately capture crucial attributes from the agreements into the systems
- Enhanced knowledge in ISDA and other major agreements (CSA, GMRA, GMSLA,MCA) clauses as negotiated in legally executed agreements
- Closely worked with Legal Negotiation team and gathered knowledge on the process of negotiation of Derivatives Traded Agreements
- Worked on Regulatory driven projects with stringent deadlines
- Actively participated in UAT (User acceptance Testing), building test cases, provided assistance during the buildup of FRDs and BRDs, identified defects and supported till application went live
- Led team during transformational change within the process for automation- enhancement pertaining to auto-capture of legal attributes from legal agreement using Business Rules
- Attended to e-mail queries from downstream teams, negotiators and stakeholders and provided weekly collateral reports to Collateral Team for their reconciliation
- Analyzed emerging markets to help negotiators with untapped areas
- Reconciliation of strategic clients to ensure accuracy of data between bank and counterparties
- Streamlined trades for counterparties as per SFTR compliance (Securities Financing Transactions Regulation) and assisted the team in migrating counterparty agreements for Brexit
Education
MBA - Finance
Christ University
Bengaluru05.2014
BBM - Finance
Dayananda Sagar Institutions
Bengaluru03.2012
Skills
- Analytical Skills
- Team Leading & Management
- OTC Traded agreements
- Quality Assurance
- Collateral Management
- Reporting Skills
- Training & coaching
- Business Development
- Client Life Cycle Management
- Time management & flexibility
- Attention to detail
- Operations management
Accomplishments
- Awarded as 'Best Presenter' for FM Data OE Hackathon 2024 by showcasing the idea of OCR capabilities using AI to reduce manual effort and increase accuracy for agreements data capture
- Awarded 'Team of the Quarter' for Q2 (2015), Q3 (2016), Q3 (2017), Q2 (2018) & Q1 (2019) for outstanding performance during completion of UAT Project, reconciliation of Umbrella Agreements and successful implementation of different phases of Hexagon Project
- Received spot awards & proactively participated in many CSR activities initiated by the company
- Awarded as 'Risk Champion' for reconciliation of high net-worth clients in 2017
Certification
- NCFM in capital markets.
- Business Simulation on cross-functional decision making at Christ University
- Agile Methodology Training & Overview of Scrum Framework HSBC
Hobbies and Interests
- Mock stock trading
- Cricket
- Music
- Photography
Timeline
Manager
Standard Chartered Global Business Services
05.2020 - Current
Senior Associate
HSBC
09.2014 - 04.2020
MBA - Finance
Christ University
BBM - Finance
Dayananda Sagar Institutions
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