Amit R Kolwankar
- 1. Profile Summary Offering over 14 years of multi-cultural experience in managing operations, resource and project management functions like US & UK mortgage, big data analysis, mortgage underwriting, project transition & migration, user acceptance testing, due diligence. Excellence in statistical data analysis and reporting using technical skills like VB Programming, SQL, MS Office & PDFS while generating risk reports, spearheading the continuous improvement projects by applying standard project management methodologies. Hands-on expertise in formulating & implementing strategies in setting-up new projects, developing operational procedures & systems, establishing MIS & dashboards to aid management reporting. Proficient in directing business in new & growth areas and motivating people to perform beyond their normal past skills & levels using skills in enhancing overall administration, employee performance, recruiting & training new hires. Skilled in strengthening relationships with business partners & risk control functions, working collaboratively with the Operational Risk Management (ORM) team functions as well as business line management. Team-based management style coupled with the zeal to drive visions into reality. Core Competencies Academic Details Executive MBA (Finance) from Institute of Technology and Management in 2009 BE (Mechanical Engineering) from Konkan Gyanpeeth college of Engineering, Karjat in 2001 Diploma in Mechanical Engineering from Vidyavardhini Vartak College of Engineering, Vasai in 1998 Certifications Pursuing Six Sigma Lean Management in 2016 Trainings Attended Citigroup training programs like Fraud Awareness Program, Information Security Program, Anti-Money Laundering Program and Citigroup Quality Overview Morgan Stanley Training Programs like Make More Time, Communication & Presentation Skills Notable Accomplishments Across the Career Played a key role in initiating and directing process improvement projects to achieve BU’s resource and profitability targets Drove excellence in extensively working on primary and secondary data and generating risk reports through licensed models such as Standard & Poor's, Moody's & Fitch Certified as Loan Validation Officer & Doc-Reviewer by Citibank Home Equity (Member of Citigroup, US) & e-Serve International (Member of Citigroup, India) for approving home mortgages Certified for all the processes of Co-Ops. & Trusts across the spectrum in the Underwriting Department at e-Serve International Recognized as: o ‘Champion of The Month’ in Oct’04 & Oct’05 o ‘Champion of The Quarter’ during 4th Quarter 2004 Awarded 3rd Place for Morgan Stanley World Wise Photo Contest Received several appreciations from Business Head for prospecting excellence Skill Set AMIT R. KOLWANKAR Senior Professional, Collateral Analyst – Strategy & Modeling Expertise in Operations Management with hands-on expertise in migration & transition, mortgage underwriting, data analysis & credit risk analysis, process enhancement and project management Location Preference: Mumbai ~ Industry Preference: KPO, BPO & BFSI kolwankaramit@gmail.com +91 9820490637 Mortgage Underwriting Operations / Project Management Process Optimization / Enhancement Credit Risk Analysis User Acceptance Testing Risk Control & Management Loan Sales & Origination Risk Mitigation & Automation Team Building & Leadership Coordinator Collaborator Leader Motivator
- 2. Career Timeline Organizational Experience Jan’06 – Feb’16: Morgan Stanley Advantage Services, Mumbai as Strats & Modeling (Fixed Income Division) Jun’03 – Jan’06: TCS – Eserve (Citigroup Global Services), Mumbai; Joined as Loan Validation & Document Reviewer Promoted to Senior Officer Dec’01 - Mar’03: Hydro Pneumatic Control, Mumbai Sales Executive Highlights: At Morgan Stanley Advantage Services Managed the entire functions of operations management, resource allocation, project, process enhancement, pre-sales solutions & credit risk analysis including the across mortgage, big data analysis and reporting Spearheaded various projects like data management system - development and user acceptance testing, data mining and reporting, legal and compliance, technical projects & warehouse project, distressed mortgage portfolio analysis & best data project Interacted with internal teams, stakeholders & senior management Conducted process-based trainings, primary and secondary data and generated risk reports & directed process improvement projects Acted as project lead for transition, migration & user acceptance testing At TCS – Eserve (Citigroup Global Services) Managed the entire functions of approving, suspending & declining loan applications w.r.t. credit, collateral, income, and debt to income ratio Ensured all the documents required as per guidelines for loan application were in place Interacted with customer for any additional information, confirmation and documents needed Tracked the changes in loan programs, checked daily production reports created, adhered to SLAs and conducted a comparative analysis for decision making purpose so as to measure current performance Scheduled regular tests for business requirements set by client Collaborated with management team to know the weekly status of the team and planned an improvement flow At Hydro Pneumatic Control Played a key role in planning strategies to improve sales figures and driving sales of company products like hydraulic and pneumatic cylinders Pls. refer annexure for project details Personal Details Languages Known: English, Marathi & Hindi Address : A/34, Goldstar, Dattamandir Road, Dahanukar Wadi, Kandivli (West), Mumbai- 4000067, Maharashtra Jan’06 – Feb’16 Morgan Stanley Advantage Services as Strats & Modeling (Fixed Income Division) Jun’03 – Jan’06 TCS – Eserve (Citigroup Global Services), as Senior Officer & Loan Validation & Document Reviewer Dec’01 - Mar’03 Hydro Pneumatic Control Sales Executive
- 3. ANNEXURE Project Details At Morgan Stanley Advantage Services Project Management Highlights: Played a key role in understanding requirement, project planning, specification documents, process, product development and enhancement Scheduling conference calls & video calls, documenting system requirement & licenses including regular meetings, status update, follow-ups, resource allocation and testing environment Spearheaded the quality, training, governance & risk mitigation, automation, IT set-up, performance monitoring, issue escalation, volume ramp up, SLA validation and sign off Created process notes and reference material for training Data Management System - Development & User Acceptance Testing Highlights: Created reports to analyze risk from the system, which used to store daily mortgage loan level data from the servicer Provided data for bankruptcies, foreclosures, reo, loss mitigations, forbearance, loan modifications, valuations and tracked active and liquidated loans Led the project development and user acceptance testing activities Data Mining and Reporting US & UK Mortgage Analysis and Settlement Process Highlights: Analyzed the data received on $100mm+ pools and sent detailed reports including the rating agency results to the trading desk for their perusal Advised the trading desk on potential risks on assets after scrutinizing the reports sent by the servicer, valuation and due diligence depts. Generated the daily, weekly and monthly reporting on the US and UK mortgage portfolio to the traders to mark the position including various ad-hoc MIS reporting as required by the internal clients Highlighted the performance, identify trends and future risk Led the primary and secondary data analysis and reporting Gathering data from various sources, collating, analyzing and creating reports as per the request from internal clients & further resolve queries or doubts about information provided on the reports Ensured the reports created, met the requests and specifications were documented for changes / updating Supported the Distress Asset Trading Desk (Primary Markets) in analyzing data across different asset class including but not limited to residential mortgages, home equity loans and auto loans Managed the commercial debts across US and UK & European markets. Supervised the post purchase settlement of deals and identifying pool cuts for underwriting/ exits and RMBS securitization Worked with due diligence, valuation, asset manager and servicing for pool transfer Run weekly marks (valuation) on warehouse residential Worked on loan portfolio servicing, loan resolution processing and underwriting, loan modification, cash flow, delinquency analysis and reason for default Legal and Compliance Highlights: Worked with the legal and compliance team to analyze the post purchase and securitization documents Collaborated with legal team gets queries from Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC) and the National Credit Union Administration (NCUA) Resolved queries by pulling information from Bloomberg & Edgar Reviewed presale reports produced by Moody and Fitch to provide difference from current position Technical & Warehouse Project Highlights: Automated mail intimation by adding a script to the application which sends mail with just a click, earlier user checked the data and created a mail which was not required now & the script took care of the data required and the sender / recipients Imported additional data by adding a script that reduced almost 7 minutes of work time, earlier the user had to create a new file and update data in the original file and the script helps to import data with a click and a new file was created automatically Adjusted imported data in a way that no preprocessing required to the file
- 4. Distressed Mortgage Portfolio Analysis Created scripts & generated reports with just a double click Best Data Project Acted as part of the important project for the process Played the lead role in successfully completing and implementation of the project & got data from various data source Generated the best data looking at different data values & every field was assigned a logic / algorithm using which the output was generated At TCS Approved, suspended & declined loan applications looking at the credit, collateral, income, and debt to income ratio Documents required as per guidelines for loan application are in place, documents to support income, property valuation, credit, employment, credit history and debts Worked on application for 1003 to the closing documents Approved loans up to $150000 and recommend approval application up to 5 million dollars Generated credit reports, property appraisal, income documents like tax returns (1040s) and salary documents like pay stubs, w2s, 1099s and other income documents Scheduled regular tests for business requirements set by client, for profile enhancements, or production support and document accordingly Scheduled regular tests for business requirements set by client, for profile enhancements, or production support and document accordingly Checked daily production reports created. Keep a check on performance and see to it that the process meets contractual SLA Conducted a comparative analysis for decision making as to current performance Worked with management to know the weekly status of the team and plan an improvement flow