Summary
Overview
Work History
Education
Skills
Career Journey
Timeline
Generic

Vasuki Phani

Bangalore

Summary

Seasoned Vice President with a proven track record at JP Morgan Chase, specializing in risk management and program management. Excelled in enhancing control frameworks and leading global teams, demonstrating exceptional stakeholder engagement and team-building skills. Achieved significant process optimizations and compliance, underscoring a commitment to operational excellence and client satisfaction.

Overview

22
22
years of professional experience

Work History

Vice President - Program Management - APAC Control Lead

JP MORGAN CHASE
04.2015 - Current
  • Legal Entity Risk Assessment (LERA): Conduct periodic risk reviews across businesses in the APAC region, focusing on a legal entity standpoint which involves classifying processes as either performing or impacted based on control manager reviews
  • Evaluation of Legal Entity Processes: Assessment of legal entity's processes, risks, controls, and issues as documented in the control framework aimed to identify top compliance risks through both qualitative and quantitative analysis
  • Risk Analysis: Highlighted key inherent, residual, and emerging compliance risks within the legal entity, providing a comprehensive view of the risk landscape and ensuring that significant risks are identified and managed effectively

Vice President - Process Management - BCM Alternative Investments

JP MORGAN CHASE
04.2015 - Current
  • Control Partner for Operations: Manage day-to-day issue management for Alternative Investment Services, focusing on control analysis, daily health issues, and data breach reviews
  • Promote a collaborative control environment by encouraging self-identification of control concerns and ensuring clear oversight and responsibilities
  • Risk and Controls Self-Assessment (RCSA): Provide comprehensive support for the business's risk and controls self-assessment which involves quality assurance analysis against defined control objectives, substantiation of control testing, and the establishment of a central 'Quality Assurance' team in Bangalore to oversee global testing and effectiveness assessments for Alternative Investments
  • Quality Assurance Analysis: Conducted periodic control evaluations on business functions, ensuring that findings were escalated and remediated in a timely manner, with substantiation as required
  • Audit Support: Led audit engagements from planning to reporting for both internal and external audits
  • Reviewed audit requirements and ensured adherence by Operations, facilitating smooth audit processes

Associate – Reconciliation Manager

JP MORGAN CHASE
12.2013 - 04.2015
  • Custody Reconciliation and Data Management: Led the integration of technology and operations to provide efficient reconciliation services, focusing on custody reconciliation and data administration and validation
  • Process Optimization: Improved reconciliation processes by implementing effective Management Information Systems (MIS), structured break assignments, and an escalation matrix with Transfer Agents to streamline operations
  • Issue Resolution: Identified and addressed significant issues causing approximately 70,000 monthly Unit Trust transactional breaks, effectively minimizing their impact on operations
  • Audit Success: Successfully managed and completed both internal and external audits for Hedge Fund of Funds (HFOF) reconciliation, ensuring compliance and accuracy
  • Global Collaboration: Worked closely with global counterparts to achieve both strategic and tactical goals for the team, fostering a collaborative approach to reconciliation management
  • Team Development: Cultivated a professional environment that enhanced team performance and ensured alignment with the firm's overall goals, promoting a culture of continuous improvement and excellence

Business Manager – Revenue Forecasting

ORACLE FINANCIAL SERVICES
09.2012 - 07.2013
  • Revenue Forecasting: Led efforts in revenue forecasting to ensure that projections were closely aligned with actual results, emphasizing the importance of accuracy and strategic planning in financial management
  • Variance Analysis: Analyzed discrepancies between forecasted and actual revenue at the Line of Business (LOB) level, identifying trends and areas for improvement to enhance financial performance
  • Operational Leadership: Directed operations teams in collaboration with project teams both in India and overseas, with a focus on maximizing revenue, optimizing resource utilization, and managing client relationships effectively
  • Issue Resolution: Proactively identified and resolved potential issues that could impact revenue, achieving positive outcomes for the business and ensuring financial stability

Associate – Private Wealth Management

GOLDMAN SACHS
06.2004 - 08.2012
  • Process Transition: Successfully managed the transition of performance reconciliation processes from Salt Lake City, USA, to Bangalore, India, demonstrating strong project management skills
  • Technology Development: Played a key role in developing and testing technology support systems, ensuring alignment with business needs and enhancing operational capabilities
  • Collaboration and Planning: Worked closely with the Salt Lake City Service team to assess resource requirements and establish project timelines, facilitating smooth transitions and project execution
  • Subject Matter Expertise: Developed deep expertise in client reporting processes, with a strong understanding of operational and compliance procedures, contributing to effective client service
  • Stakeholder Engagement: Facilitated consensus among global stakeholders for SLA-driven client reporting processes, ensuring alignment and meeting client expectations
  • Error Management: Performed root-cause analysis of errors and implemented preventive measures to manage escalations effectively, maintaining high service standards
  • Process Improvement: Contributed to the design and improvement of business processes, systems, and procedures, driving operational excellence
  • Relationship Building: Demonstrated accountability and urgency in addressing issues, building strong relationships across operations for effective networking and collaboration

Account Analyst

SIEMENS SHARED SERVICES
11.2002 - 06.2004
  • Process Mapping: Mapped current ('As-Is') and future ('To-Be') processes for the transition of Purchase Ledger and Reconciliation processes, aiding in process optimization and transition planning
  • Accounts Payable Management: Part of Accounts Payable operations team using SAP for eight different US entities, overseeing the processing of 30,000 documents monthly, totaling USD 400 million, ensuring accuracy and efficiency in transaction processing

Education

Bachelor of Commerce -

Mahaveer Jain College
Bangalore, Karnataka, India
04.2002

Skills

  • Control Management
  • Risk Management and Reporting
  • RCSA
  • Client Engagement
  • Program Management
  • Internal & External Audits
  • Incident Management
  • Team Building
  • Process Transitions

Career Journey

  • JP Morgan Chase - AVP, Vice President - Dec `13, Present
  • Oracle Financial Services - Business Manager - Sept `12, July `13
  • Goldman Sachs - Associate - June `04, Aug `12
  • Siemens Shared Services - Analyst - Nov `02, June `04

Timeline

Vice President - Program Management - APAC Control Lead

JP MORGAN CHASE
04.2015 - Current

Vice President - Process Management - BCM Alternative Investments

JP MORGAN CHASE
04.2015 - Current

Associate – Reconciliation Manager

JP MORGAN CHASE
12.2013 - 04.2015

Business Manager – Revenue Forecasting

ORACLE FINANCIAL SERVICES
09.2012 - 07.2013

Associate – Private Wealth Management

GOLDMAN SACHS
06.2004 - 08.2012

Account Analyst

SIEMENS SHARED SERVICES
11.2002 - 06.2004

Bachelor of Commerce -

Mahaveer Jain College

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