Viraj Bhayani
Mira Road
Summary
- Accomplished Process Manager with extensive experience in financial services, specialising in settlement processes, custody operations, and risk assessments.
- Proven track record at BNP India Solutions PVT Ltd and Morgan Stanley Advantage Services Ltd, delivering exceptional customer service and operational efficiency.
- Recognised for leadership skills, innovation management, and quality control procedures. Adept at managing high-pressure situations and implementing process improvements through automation.
- Career goal: to leverage expertise in project management and financial risk analysis to drive strategic initiatives within a dynamic organisation.
Overview
18
18
years of professional experience
Work History
Assistant Vice-President
BNP India Solutions PVT Ltd
04.2020 - Current
- Facilitated settlement processes both interbank and corporate clients for various financial instruments in the APAC region (FX, Derivatives and Money Market).
- Handled custody operations in the Japan region covering various financial instruments such as Listed Derivatives (F&O), Equity and Japanese Government Bonds.
- Oversaw the coordination of Paper confirmation for FX, Money Market, and Derivatives Product.
- Directed routine matching operations for Electronic Swift & Paper confirmations in 12 APAC regions.
- Reported aged outstanding trades during High Risk Committee meetings, escalating as necessary.
- Conducted regular supervisory checks to ensure BAU activities were completed within the designated time frame.
- Conducted regular meetings with IT projects team for prioritizing process improvement tasks through automation generating efficiencies.
- Created monthly scorecards for stakeholder visibility on issues, escalations, and feedback.
- Implement scheduled governance meetings across various timeframes to identify potential issues and develop appropriate resolutions.
- Conducted risk assessments for proposed process changes, minimising disruptions and safeguarding operations.
- Performed granular-level process deep dives that resulted in efficiency improvements for team through automation projects, eradicating BAU inefficiencies and process realignment as per proper segregation of duties highly meeting up yearly business objectives.
Business Director
Morgan Stanley Advantage Services Ltd
01.2017 - 04.2020
- Executed comprehensive handling of CLS transactions for clients across the Asia time zone.
- Overseeing the funding process for Asian currencies, including AUD, NZD, JPY, HKD, SGD, and CNY.
- Managed client funds for MSIP and MSESE Brexit to ensure precise calculations by the client money team.
- Delivered exceptional customer service to OCRM and GCM clients, addressing client-specific needs.
- Conducted comprehensive front-to-end processing for FX products, including NDF, FX Swaps, Spot, and forwards.
- Managed FX cash flow operations for various restricted emerging market currencies such as IDR, MYR, INR, KRW, THB and PHP.
- Managed timely processing and communication of Cash Management modifications.
- Collaborated with teams to generate technical and non-technical lean ideas.
- Provided relevant guidance to meet team expectations.
- Streamlined processes across regions ensuring smooth and error-free operations.
- Conducting daily team huddles to deliver process and project updates within team and even delivering the same over weekly regional catch ups with higher management.
- Managed pressure situations during technical system breakdowns, ensuring BAU is performed diligently.
- Conducted risk assessments and developed contingency plans to mitigate potential impacts on operations.
Business Associate
Morgan Stanley Advantage Services Ltd
05.2015 - 01.2017
- Handled all settlement tasks related to derivatives including RATES and CREDIT products.
- Utilized financial platforms such as DTCC and Markit Wire to resolve client discrepancies.
- Specialized in creating comprehensive SWIFT messages covering types like MT202, MT103, and additional formats.
- Prepared daily, weekly, and monthly settlements reports for Weekly Breaks Management & Risk calls with senior management.
- Participated in reverse migration process from Glasgow to Mumbai, initially undertaking training.
- Recognized by OCRM team for superior client service performance in Quarterly CDS rolls.
- Received SPOT award for effective escalation management and team leadership during supervisor's absence.
Business Analyst
J.P Morgan Chase Pvt Ltd.
03.2008 - 04.2015
- Handled incoming swift confirmations for Interbank & Corporate clients within LDN regions.
- Monitoring various confirmations queues and raising timely queries to MO via OTM platform in case of financial discrepancy
- Managed trade confirmations, ensuring settlements aligned with currency deadlines.
- Partnered with the SSI team to create MT300 guidelines for interbank and corporate clients.
- Spearheaded team efforts during TL and Process Manager's absence.
- Oversaw supervisory checks to guarantee all queues processed within TAT.
- Analyzed workflows to recognize potential risks and established control measures.
- Performing deal v/s source review for trades done through Reuters, Email and Brokers for 12 Asian locations
- Verified netting NDF closeouts with external netting clients.
- Processed outbound SWIFT messages while pre-staging MT103’s in line with currency deadlines.
- Q2 2012 - ACE Award: Handling Asia Data Input Team supervisory with error free processing and a 17% increase in cross training.
- Recognized with Extra Miler Award in Q1 - 2010 for mastering end-to-end evidencing swiftly.
- Q2 - 2008 - Recognized with Spot Award for quickly becoming a subject matter expert.
Education
T.Y.B.A.F - Bachelor in Accounting and Finance
Mumbai University
Mumbai, IN-MHInternational Executive MBA - Finance
U.B.I (United Business Institute)
Skills
Customer focus
Personal Information
- D.O.B : 22nd Jan 1986
- Nationality : Indian
- Languages Known : English, Hindi, Gujarati & Marathi
- Marital Status : Married
Timeline
Assistant Vice-President
BNP India Solutions PVT Ltd
04.2020 - Current
Business Director
Morgan Stanley Advantage Services Ltd
01.2017 - 04.2020
Business Associate
Morgan Stanley Advantage Services Ltd
05.2015 - 01.2017
Business Analyst
J.P Morgan Chase Pvt Ltd.
03.2008 - 04.2015
T.Y.B.A.F - Bachelor in Accounting and Finance
Mumbai University
International Executive MBA - Finance
U.B.I (United Business Institute)