Summary
Overview
Work History
Education
Skills
Accomplishments
Timeline
Generic
Virendra Kumar  Kourav

Virendra Kumar Kourav

Senior Management Professional-Operational Risk Management, Change Management, Financial Services
Gurugram

Summary

Strategic and results-driven, Investment banking/Asset management Operation risk - Senior Management professional, with an extensive background in the financial services sector. Offering over 15 years of proven leadership in overseeing middle office functions, risk management, and process optimization. Adept at developing and implementing robust operational strategies to enhance efficiency, reduce risks, and ensure compliance. Proven ability to lead high-performing teams, collaborate with cross-functional stakeholders, and drive initiatives that contribute to overall business success. Seeking a challenging leadership role to leverage expertise in managing, optimizing middle office operations and navigating dynamic financial landscapes.

Overview

14
14
years of professional experience
5
5
years of post-secondary education

Work History

Director- Head of APAC Transaction Management

Blackrock India Pvt Ltd
10.2012 - Current

Strategic and results-driven Middle Office Senior Management professional with an extensive background in the financial services sector. Offering over 15 years of proven track record in overseeing middle office functions, risk management, and process optimization. Adept at developing and implementing robust operational strategies to enhance efficiency, reduce risks, and ensure compliance. Proven ability to lead high-performing teams, collaborate with cross-functional stakeholders, and drive initiatives that contribute to overall business success. Seeking a challenging leadership role to leverage expertise in optimizing middle office operations and navigating dynamic financial landscapes.

  • Oversaw operations and provided corrective feedback to achieve daily and long-term goals.
  • Managed daily operations while overseeing multiple locations to foster increased productivity.
  • Effective planning for managing increased volume during index rebalances
  • Worked closely with organizational leadership to guide operational strategy.
  • Leveraged professional networks and industry knowledge to strengthen client relationships.
  • Assisted in recruiting, hiring and training of team members.
  • Implemented innovative programs to increase employee loyalty and reduce turnover.
  • Observed each employee's individual strengths and initiated mentoring program to improve areas of weakness.
  • Worked closely with organizational leadership to guide operational strategy.
  • Established functional performance goals and provided feedback for underperforming areas.
  • Optimized operational processes using analytics tools to address client-specific metrics.
  • Spearheaded innovative approaches to resource allocation and strategic planning.
  • Trained and guided team members to maintain high productivity and performance metrics.
  • Fostered relationships with vendors and external partners, enabling seamless integration of resources into ongoing projects
  • Assessed team performance regularly, offering constructive feedback and recognizing achievements as appropriate
  • Optimized resource allocation across multiple projects, ensuring timely completion of tasks without compromising quality
  • Initiated process improvements that led to reduced costs while maintaining high-quality deliverables
  • Championed change management initiatives within organization to promote adoption of new processes or technologies

Team Manager- Global Market Operations

Bank Of America
04.2011 - 10.2012
  • Managed team of 10 members covering EMEA settlement as part of Global market operations & Middle Office
  • BAU risk management , timely escalation , coordination for effective risk management
  • Transitioned work from Dublin team to India
  • Optimized core processes to improve business performance and operational agility.
  • Recommended process improvements to continually identify, analyze and fix constraints and challenges.
  • Set clear and measurable goals, action plans, and follow-up procedures.
  • Evaluated employee performance on periodic basis and coached and trained team members, increasing quality of work and employee motivation.
  • Recruited and trained high-performing team members, maintaining high performance culture
  • Conducted performance appraisals , yearly review
  • Evaluated employee performance on yearly basis and coached and trained 10 team members, increasing quality of work and employee motivation
  • Championed process improvements within department by identifying inefficiencies, proposing solutions, and leading change initiatives

Analyst- Operations Risk Management

Wipro
09.2009 - 04.2011
  • Managed ASIA and EMEA securities settlements for Credit-Suisse, covering all risk market transactions
  • Managing high volumes during index rebalances effectively
  • Assisted in, documentation, testing, implementation, and user support for platform transitions.
  • Recommended process improvements to continually identify, analyze and fix constraints and challenges. Helped reduce client enquiries by 30% with idea and implementation of client enquiry monitor.
  • Identified and resolved problems through root cause analysis and research.
  • Training and development of new team members
  • Improved overall risk awareness among employees through training sessions and informative presentations
  • Streamlined internal communication processes to facilitate timely identification and reporting of emerging risks
  • Maintained accurate records of all identified risks, corresponding mitigation plans, and monitoring activities for easy reference during decision-making processes

Education

MBA - Finance, IT

ITM Business School
Mumbai
06.2007 - 04.2009

Bachelor of Science - Mathematics

BU Bhopal
MP
04.2003 - 03.2006

Skills

Operations Management-Extensive experience leading and managing middle office functions, ensuring seamless operations and compliance with industry regulations

undefined

Accomplishments

● Regulatory /market driven -

CSDR - Drove CSDR implementation Coordinated effort in preparation for CSDR -worked with custodians to increase MT54Y efficiency and timeliness. With APG to build penalty workflow, enable auto partial functionality to reduce risk for client accounts, testing & deployment of fail reason/ responsible party.

FIX Implementation: lead and successfully completed counterparties set up for FIX confirmation, allocation which included, test and implement FIX confirmation across Equity and Fixed Income. Worked on the enhancement of SSI Hard Matching over FIX.

● Settlement cycle contraction - Lead settlement cycle contraction across multiple markets including India T+1 move in the firm. Part of industry network such as ASIFMA working group. Leading US T+1 transition

CIM – Client Inquire Monitor: Successful testing & implementation of CIM - global mailbox query management project to enhance client service & improvised email management across settlement functions. Also, prepare MIS on query management.

RPA(Robotics Process Automation) -> Got certified with Blue Prism -> Foundation Training and working towards identifying the opportunities wherein RPA can be implemented to make process more efficient and risk averse.

Scale and efficiency: Completed Time and motion study across functional locations to reduce the redundancy in processes and better capacity utilization.

Transition: Movement of asset between two major custodian service providers. Managing all assets transfers, monitoring inflight risks across trade life cycle.

AUDIT: Lead and coordinated across global trade ops for TOPS internal Audit, revisited SOPs, controls, achieved adequate rating from the Audit team. Involved in other projects creation of CEM and AEM monitors, Project, Aladdin provider.

Timeline

Director- Head of APAC Transaction Management

Blackrock India Pvt Ltd
10.2012 - Current

Team Manager- Global Market Operations

Bank Of America
04.2011 - 10.2012

Analyst- Operations Risk Management

Wipro
09.2009 - 04.2011

MBA - Finance, IT

ITM Business School
06.2007 - 04.2009

Bachelor of Science - Mathematics

BU Bhopal
04.2003 - 03.2006
Virendra Kumar KouravSenior Management Professional-Operational Risk Management, Change Management, Financial Services