VINOD KALAL
Business Analyst
Mumbai,Maharashtra
Summary
Targeting the Financial Services/ Banking/ Financial Analysis/ Brokerage/ Analytical/ Credit Rating sector with a reputed organization - Possessing valuable insights, keen analysis and team approach to implement best practices used in organizing and leading Finance related business. - Cost effective professional, successful in leading corporations through critical phase, turnaround and fast-track growth. - Expertise in Research & Analysis in the Financial Services Sector with excellent knowledge of Capital Markets, systematic analysis of ideas, data management, in-depth analysis of the data and presentation of the conclusions in clear and concise form. - Adept at working in high pressure environments with strict deadlines and multiple deliverables. Skilled at learning new concepts quickly and communicating ideas clearly and effectively.
Overview
14
14
years of professional experience
5
5
years of post-secondary education
4
4
Languages
Work History
Business Analyst
BNY
Pune
12.2024 - Current
- Facilitated communication between business stakeholders and technology teams for BNY Mellon's Real-Time Payments (RTP) platform, driving initiatives for both TCH and FedNow clearing networks based on ISO 20022 messaging standards
- Led Agile ceremonies including daily stand-ups, sprint planning, grooming, and retrospectives to ensure seamless Agile delivery lifecycle
- Developed and refined user stories with detailed acceptance criteria and led backlog grooming and sprint tracking using JIRA and Confluence
- Delivered comprehensive business requirements and functional specs (FSDs) for real-time transaction processing and payment validations using VolPay payment engine
- Achieved E2E tracking of parent-child messages, implemented robust payment validation logic, and managed flow control and exception handling
- Mapped message flows and payment journeys utilizing ISO 20022 message types including PACS.008, PAIN.013/PAIN.014, CAMT.056/CAMT.029, CAMT.026/CAMT.028, REMT.001, and CAMT.035
- Worked on diverse real-time payment flows such as OutCT, InCT, OutROF>InRROF>In Return CT, Remittance Advice, Payment Acknowledge, Return Direct (Auto), and Reject Handling
- Managed routed flows through TCH and FedNow using message-specific rules and collaborated with cross-functional teams across DC and PL clientbases
- Supported integration via Nexen for DC Clients and Access Port
Business Analyst-Product Owner
L&T Infotech (LTI)
Mumbai
07.2022 - 11.2024
- Project Name - Message Transformation Tool
- (July 2022 till Feb - 2023)
- Message Transformation Tool is a timely, innovative and forward-looking solution to help build an intelligent, resilient, secure and transparent financial ecosystem
- Help team-built conversion capabilities for all standard messaging formats
- Configurable capabilities for proprietary message formats
- ISO 20022 enabled for high quality
- Fast adoption with minimum impact
- Train and coaching team members on Swift and ISO message types
- Analysing and evaluating the existing tool and identifying areas of improvement
- Researching and reviewing MT to MX message type as per ISO 20022 format and creating a mapping document for the team
- Helping team to build a tool that has ability to manage and validate single or bulk message files
- Working closely with senior management, partners, client and technicians and update the project progress
- Project Name - Nordea Bank - Product Owner (March 2023 - till Date)
- Nordea is the largest financial services group in the Nordic region and one of the biggest banks in Europe
- Part of payments NDW channel team (FI and SE)
- Implemented Major changes on NDW - Recurring Payments Functionality for Own transfer, Flexi deposit Product on Web for Nordic customers and worked on SEPA, Cross Border related Implementation changes
- Plan and prioritize product development and product feature backlog
- Develop detailed product feature specifications and ensure they are clearly understood by relevant teams
- Assess value, develop cases, and prioritize stories, epics, and themes to ensure work aligns with product strategy
- Mitigate roadblocks to achieving sprint/release goals
- Lead the product-release plans and set expectations for delivery of new functionalities
- Serve as product ambassador internally and externally, sharing knowledge and answering questions
- Lead team scrums to define product vision, roadmap, and growth opportunities, and communicate with stakeholders throughout the project
- Collaborate with internal and external contacts to analyse needs and align product roadmap to strategic goals
- Work closely with product managers and business teams to create and maintain product backlog
Business Analyst
HCL Technologies Limited
Pune
01.2022 - 07.2022
- Evaluating business processes, predicting requirements, identifying opportunities for improvement, and designing and implementing solutions
- Have good knowledge on GPP, SQL Developer Database and OTOMA automation tool for GPP
- Holding meetings and presentations to share ideas and discoveries
- Conducting a requirements analysis
- Keeping track of and conveying the outcomes of your work
- Obtaining crucial information from meetings with many stakeholders and generating meaningful reports
- Coordinating collaboration between clients, technicians, and management
- Carrying out user acceptability testing
- Managing Projects including overseeing projects, formulating project strategies, and reviewing performance
- Updating, implementing, and maintaining procedures
- Analysing BRD/FRD prepared and presenting the same to the operations as well as testing teams
- Conduct daily and weekly analysis of testing conducted by testing teams and provide detailed analysis of the defects raised by UAT
Business Analyst - UAT Specialist
J.P. MORGAN INDIA PRIVATE LIMITED
Mumbai
08.2017 - 12.2021
- Have Knowledge on ISO 20022 XML worked on Pacs.008, Pacs.009, Pacs.009 Cov, Pacs.004 return of fund
- SWIFT Messages MT 103, MT 202, MT 210, MT 304 etc, Cross Border Payments, SEPA and BACS
- Payments, Clearing such as CHAPS, SIC, CHIPS, TG2 and EBA
- Worked on various strategic projects, lead those independently and delivered it successfully E2E
- Well versed in preparing Functional, Regression and Integration Test Strategy, Test Scenarios and Test Cases
- Tracking progress of the Project through ALM Tools and JIRA
- Lead the project throughout the releases by conducting discussions with Stakeholders and Business Product Owners for the successful completion of E2E Product
- Extensive Knowledge on SDLC and Agile Methodology
- Created daily Metrics Reporting on the progress of the Projects
- Trained New Team Members on BAU functionality and Banking (Different SWIFT Message Types, Clearings etc...)
- Worked on checklist with no Audit Finding
- Managed Knowledge Repository to Expand knowledge on the different Product for the Team
- High Value payment system provides high value transactions processing capability also providing multi-branch, multi-currency processing for EMEA high value payments and receipts
- High Value System helps in managing the worldwide client payments and receipts business within the EMEA region providing the robust one stop solution including FX Processing also acting as a major currency clearing hub
- Understanding Business Requirement Documents(BRD) and formulating high level Test Plans based on requirements
- Studying Functional requirement document
- Discussion with BA and Project manager to finalize the scope of UAT Testing
- Liaising with Operations to understand the current process
- Preparation of the UAT Test plan with all the business stakeholders
- Prepare and review the Test Cases and Test scripts
- Defect Tracking on ALM and timely retesting of Defect once issue is resolved
- Execution of scripts and Validation of Test Results
- Providing sign-off for the project and preparing the Exit report
- Actively involved in analysis of the enhancement releases
- Tracking of multiple projects within same Team
- Perform E2E Testing with Upstream/Downstream application and Currency Clearing System around the world
Operations Analyst
J.P. MORGAN INDIA PRIVATE LIMITED
Mumbai
02.2014 - 07.2017
- End of Day (EOD) sweeps: Setting up the Investment, Loan Sweeps, Zero Balancing sweeps viz
- End of day sweeps on various investment vehicles for US clients (Commercial paper, Repo, Money market mutual Funds, Offshore sweeps, International banking facility)
- Handling queries from Product Mgmt, and Client Services team on physical and Notional sweeps (Tiered structure)
- Maintenance of sweeps like (changing structure, rate plan, target balance, investment cap, etc.)
- Managing the reference date of USD Fed Rates applied on the DDA accounts to avoid client is not underpaid of overpaid for the sweep
- Research on investment reports involving Trade details of clients where monies have been invested on behalf of the client, Client Holdings vs
- Fund House Holdings reconciliation
- Assisting Management on various Projects involving Workflow Implementation of sweep setup & maintenance requests, quality improvement of setup rejection rate by liaising with Product, Implementations & Relationship managers
- Verifying signature and tax forms, when client request for transfer, since the request is sent on hand written form via email and fax
- Have knowledge Validation of Tax forms (W8 & W9)
- Working on Weekly, Monthly MIS, and Risk & Exception management
- Extracting and preparing daily MIS
- Monitoring queue and allocation of jobs within the team and ensuring completion of jobs before system cut offs
- Handling BAU related queries and Stratification of Jobs
- Raising access for new hires in the team
- Placement of TD, CD, UTD & UCD for Asia pacific regions (India, China, Singapore, Thailand, Philippines)
- Process Just in Time funding for PHP & KRW regions as per client requirement
- Extracting and preparing of reports as per client requirement
- Handling BAU related queries verification & stratification of Jobs
- Participating in various projects to reduce the ageing breaks in order to smooth functioning of process
- Working on Weekly, Monthly MIS, and Risk & Exception management
- Coordinating with Product managers from different regions and setting up trainings and meeting during new releases of systems and new products
Equity Advisor
Religare Sec LTD
Mumbai
03.2011 - 01.2014
- Advised HNI & Retail clients about the equity investments & facilitating them to manage their portfolio
- Mapped clients requirements & providing expert advisory services to select the right investment product
- To coordinate Research Analyst for taking investment decision for the clients
- Back-office work of derivatives settlement
- Provided expert advice to the clients on long-term and short-term investments in national markets with portfolio including Mutual Funds, Equity and Debt
- Acquisition of new clients
- Generating reports of companies and forwarding to clients
- Generating Ledgers and Profit and Loss statement
Education
B.Com - Commerce
Mumbai University
Mumbai India 06.2004 - 01.2007
12th - English
Maharashtra
Mumbai India 06.2002 - 01.2004
10th - English
Maharashtra
Mumbai India 06.2001 - 01.2002
Skills
Timeline
Business Analyst
BNY
12.2024 - Current
Business Analyst-Product Owner
L&T Infotech (LTI)
07.2022 - 11.2024
Business Analyst
HCL Technologies Limited
01.2022 - 07.2022
Business Analyst - UAT Specialist
J.P. MORGAN INDIA PRIVATE LIMITED
08.2017 - 12.2021
Operations Analyst
J.P. MORGAN INDIA PRIVATE LIMITED
02.2014 - 07.2017
Equity Advisor
Religare Sec LTD
03.2011 - 01.2014
B.Com - Commerce
Mumbai University
06.2004 - 01.2007
12th - English
Maharashtra
06.2002 - 01.2004
10th - English
Maharashtra
06.2001 - 01.2002
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