Prabhakar updated Profile
- 1. Name Contact Details Prabhakar. K + 91-9962424539 – Prabhakar.karani@gmail.com Designation Deputy Manager Qualification Master of Financial Management ( MFM) Over 10 years of experience in Investment Banking Operations with HCL as an organization wherein have worked in multiple product lines including but not limited to Foreign Exchange, Money Markets, and Equity settlements and reconciliation operations. Practical experience on handling Transition Management projects with excellent Client relationship and Team management skills. Adept on BPM tool IBM Telelogic, Epiplex500 and Microsoft Visio for Process mapping, business requirement gathering, preparing DBOP’s (Detailed Business Operating Procedures), DTP’s (Desktop Procedures) creating and testing the Benchmarks for the processes. Skill Set: Identified to manage a Center Of Excellence role within the Joint Venture set-up established as State Street HCL Services effective from Feb 2013(State Street Corporation being one of the largest Global Custodian Bank in the world). Responsible for stakeholder management requiring effective coordination with onshore and offshore teams on daily/weekly/monthly deliverables ensuring smooth transition of new and incremental business. Travelled onsite to United Kingdom on project initiation and client relationship management. Currently heading Coimbatore operations, a team of 70+ resources Managed a team of 20 plus resources and responsible for handling clients i.e. AIG, DB, CITI, COBA in terms of deliverables, resources and billing. Worked at client location - Frankfurt (Germany) -as a Business Analyst - responsible for transition of the business from Frankfurt to Bangalore which involved different activities like preparing the workflows in MS Visio for different domains, DBOP’s and Benchmarks for the Frankfurt settlements, Frankfurt interface rejects and Frankfurt stock loan settlement profiles. Hands on experience in requirement gathering. Worked on BPM tool IBM Telelogic (System Architect- involves process mapping, requirement gathering) as a Business Analyst & worked along with CTB team. Experience in Foreign Exchange Pre-Settlements, Settlements, Swaps, Discrepancy handling and Market Risk Management along with Reuters checking for confirmations. Have worked on various Deutsche Bank applications for different product areas like Foreign Exchange and Money Market Wall Street System Certification in “Basics of Banking Domain” exam conducted by IIBF (Indian Institute of Banking and Finance) and NSE’s Certification in Financial Markets HCL: Major Projects Undertaken Project – 1: Client : SSHS- JV (State Street HCL services) Location : Coimbatore Duration : Feb 2013 till date. Role : Deputy Manager Page 1 of 5
- 2. Heading the Coimbatore operations for External Reconciliations Center of Excellence project catering to various lines of businesses, viz., Custody Services, Fund Accounting, Regulatory and Non-Regulatory recons, Collateral reconciliations across various investment banking products such as FX Forwards, Cash and Positions, Asset and Transition portfolios, 2 and 3 way recons, IM NAV recons. My roles & responsibilities: • Currently handling a team of 70+ resources with 6 Team Leaders and handling transition business from UK to India and travelled onshore UK to work along with the onshore counterpart to understand the business and plan for future transitions • Responsible for End to End client deliverables with strict SLA adherence. • Defining roles and responsibilities (KRA’s) to the Team Leaders and for the team members and conducting performance reviews twice in a month to see if they are strictly adhering to the defined roles and responsibilities. • Providing continuous constructive feedback to the resources on their performance. • Single point of contact to the onshore counterparts on project related queries and deliverables and conducting weekly calls and regular meetings • Conducting monthly and quarterly internal Audit for better controls in the project and also work along with the Risk and Compliance team. • Identifying critical areas in the process and planning for better controls and checks in place to minimize the risk in such areas. • Working on continuous process improvements which in turn will give value add to the client on cost and FTE’s reduction. • Creating strong backups for all the resources well in advance to meet any unexpected movement and attrition in the team. • Currently handling a transition in addition to my offshore deliverables. • Built strong relationship with the internal/external stakeholders by providing them deliverables of high standards and quality, value add and requesting regular feedback on our performance for improvement areas. . Project – 2: Clients : AIG Investments New York, Deutsche Bank, CITI, COBA Location : Bangalore Duration : Mar 2010 to Feb 2013. Role : Associate Process Manager A 22 Member team is performing Asset and Cash reconciliation for AIG Investments for various groups such as Equities, Fixed Income. For DB, CITI & COBA resources were working at client location in Frankfurt and I was the sole point of contact to the client directly. My roles & responsibilities: • Performing (Emerging Markets, Global Accounts, Pension accounts, Third party accounts, Fixed Income) cash and position reconciliation for AIG Investments • Matching the Internal and external books • Preparing Cash projection reports and sending to Fund managers • Investigating the discrepancies and outstanding breaks • Using Bloomberg to find the reason for the discrepancies in case of Corporate action between the Internal & External books Page 2 of 5
- 3. • Escalating to the respective desks (Settlements, Corporate Action, Trade processing & Income team) to clear the discrepancy and to match the books • Contacting the Custodian Banks in case of discrepancy at their end or any clarification required • End of the day checking all the position reconciliation done by the team members and approving the portfolios • Checking all the cash reconciliation sheets done by the team members and send the final EOD report to the clients • Supervising the team 20+ resources along with two Team leaders. • Conducting performance reviews and appraisals for TL’s and their reportee’s. Project – 3: Client : Deutsche Bank AG Frankfurt – Germany Location : Deutsche Bank AG Frankfurt – Germany Duration : Sep 2009 to Feb 2010 Role : Business Analyst (Team Lead) Frankfurt ( Germany) at client location - role as a Business Analyst - Responsible for preparing the workflows , DBOP’s and Benchmarks for the Frankfurt settlements, Frankfurt Interface rejects and Frankfurt stock loan settlement profiles and responsible for smooth transition of the business from Frankfurt to Bangalore ( DBOI ) My roles & responsibilities: • Played responsible role in doing transition of the business from Frankfurt to Bangalore • Interacting with Managers and SME’s( Subject Matter Experts) to understand the business And preparing the documentation of the different processes • Prepared the workflows in an application called Microsoft Visio and later after getting an approval from the SME than uploading the workflow in WFM ( Workflow Flow Manager ) • Prepared DBOP’s i.e. Detailed Business Operating Procedures and as well as preparing Desktop Procedures (DTP’s) for the day to day business which is carried over in Frankfurt For the particular domain and later uploading them in Work flow manager tool. • Prepared the Benchmarks for the daily activities which is carried over in all the processes and later doing testing on these benchmarks • Maintaining good and continues repo with the clients for smooth transition of the business Project – 4: Client : Deutsche Bank (July 2008 to Sep 2009) Role : Business Analyst (Team Lead) Location : Bangalore Tools : Telelogic System Architect Skill : Process Mapping The scope of work largely involves process Mapping of various Capital market domain based processes to define overall process flows front-to-back to understand the operations landscape. My roles & responsibilities: • Documentation of the process landscape • Use SIPOC Process to gather information Page 3 of 5
- 4. • Interact with the SME’s to understand the business process involved in the areas of Derivatives Documentation and Settlement process in DBOI • Study of respective business process involved according to the nature of the products and the identify the KPA’s • To conduct a study on the resource volume, trade volume and time consumption involved in the Derivatives Documentation and Settlements process • Produce Lvl0, Lvl1, Lvl2 and Lvl3 process maps (final scope and levels to be agreed with generally accepted BPM procedures for each of Deutsche Bank’s three primary business areas: North America, Europe and Asia Pacific • Produce a glossary and define all terms used within process flows • Identify all IT systems in use • Coordinate the production and presentation of a single global document with the three specific underlying regions. • Obtain the Sign Off from SME’s and their superiors • Generate SA reports ( System Architect) Project – 5: Client : Deutsche Bank (June ‘05 – July ‘07 as Process Associate) : Deutsche Bank (August ‘07 – July ‘08 as Senior Process Associate) Role : Process /Senior Process Associate Location : Bangalore My roles & responsibilities: Worked with HCL Capital markets handled OTC Derivatives, Foreign exchange and Money Markets department, across all related processes. Job involved majorly on below mentioned functions Pre-Settlements: Deal Monitoring, Discrepancy handling, Timely escalation to Middle and Front office. Settlements: Investigate and resolve instruction conflicts, discrepancies with the rates, directions, currencies, Forex settlements, Money Market Settlements • To ensure and maintain daily benchmarks without any slippage of Foreign Exchange Settlement and Transaction Services. • To match the deals with settlement instruction based on broker confirmation, Reuters conversation or by contacting counterparty. • Settlement of transaction through Netting/Gross/CLS. • To follow up on all unmatched FX- deal and prepare MIS report for all outstanding deals. • Generate inbound and outbound confirmation via Swift and fax. • To co-ordinate with U.K., Sydney and U.S. teams to resolve issues on unconfirmed deals. Educational Qualification YEAR EDUCATION INSTITUTION 2004 Master of Financial Management ( MFM) Sri Venkateswara University , Tirupati 2000 B.Com Computers Sri Venkateswara University , Tirupati Page 4 of 5
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