
Romit Ranjan
- Business Analyst
- Boston, MA
- Member Since Jun 09, 2023
Romit Ranjan
Professional Overview
♦ Over 12 years of Information Technology experience in business analysis, developing business processes, deployment and system solutions for OTC Derivatives, Investment Banking Operations and Collateral Management applications.
♦ OTC Derivatives – Derivatives market structure, Products, Trade Life-cycle (Trade execution, Risk Management, Clearing & Settlement, post-trade events processing) and Regulation
♦ Comprehensive system knowledge of ProtoColl, Collateral Management Platform from Omgeo(now DTCC) and Summit, Derivatives Trading and Lifecycle management platform from Misys.
♦ Extensive experience in managing and documenting business and functional requirements, communicating effectively with upper management, developers and QA engineers.
♦ Adept at creating and transforming business requirements into functional requirements and designing business models using UML diagrams - Context, Use Case, Sequence, Activity diagrams in MS Visio.
♦ Comprehensive knowledge of Software Development Life Cycle (SDLC), having thorough understanding of various phases: Requirements, Analysis/Design, Development and Testing. Have strong experience in conducting UAT and documentation of test cases.
♦ Have exposure in educating internal customers on business systems and procedures and working with other analysts and QA team to set priorities and schedules.
Core Knowledge & Skills
Experience
STATE STREET CORPORATION 06/2016 - Current Boston, MA
(Business Analyst, AVP)
WHITRIDE ASSOCIATES, INC. 10/2015 - 06/2015 Boston, MA
WIPRO LIMITED 12/2013 - 10/2015 Boston, MA
(Business Analyst)
Project Title: SUMMIT Analyst
Project Description: Production Support and System analysis on new enhancements or upgrades.
Key Deliverables
♦ Functional analysis of SUMMIT.
♦ Functional QA around upgrade and enhancements.
♦ Prepare Specification Document, Process Flow and QA test plan.
♦ Conduct and participate in status meetings to update and collect data from business users and other stakeholders.
♦ Working on Regulatory requirements: Central Clearing of Swaps, as per Dodd-Frank Act and Volcker Metrics reporting.
♦ Training team members/development team.
♦ Project Management of the Software patches for Summit system.
Key Learnings
♦ Working knowledge of Summit FT platform and its module around Front Office, Middle Office & Back Office functionality.
♦ Quantitative aspect of Swap pricing, Cash flow discounting, NPV calculation, Rate Curves.
♦ Building on and acquiring better understanding of Dodd-Frank Act, Volcker Report, Change in OTC Derivatives market landscape in terms of standardization via SEF trading and other regulatory mandates.
♦ Project Management Skills
WIPRO LIMITED 12/2013 - 10/2015 Bangalore, India
(Business Analyst)
Client: STATE STREET CORPORATION
Project Title: AMS (Application Maintenance & Support) - OTC HUB Application
Project Description: Production Support of OTC Derivatives Servicing Application OTC HUB
Key Deliverables
♦ Documenting Business requirement and transforming to Functional Requirement of the enhancement.
♦ Other Functional activities around application maintenance and support.
♦ Training teams on the business aspect and helping them to understand the application, work flow, business and user level defects along with its proposed resolution.
♦ Coordinating with client team and internal team on defects, business and new changes on application.
Value Add
♦ Improving support team handling of tickets and issues, resulting on bringing down dependency on client team.
♦ Improving productivity of resolving support tickets in terms of quality and quantity.
Key Learnings
♦ Working on this project gave me more insight about OTC Derivative and Client’s system setups.
♦ Improved upon training teams and coordination skills. Building on and acquiring better understanding of Dodd-Frank Act, Volcker Report, Change in OTC Derivatives market landscape in terms of standardization via SEF trading and other regulatory mandates.
WIPRO LIMITED 12/2013 - 10/2015 Bangalore, India
(Business Analyst)
Client: OMGEO LLC
Project Title: OMGEO-ProtoColl Development & Support
Project Description: Feature Enhancement and Production Support of the platform
Key Deliverables
♦ Business Analysis, requirements documenting & supporting issues logged by end application users.
♦ Training teams on the collateral management business and helping them to understand the product and defects along with its proposed solution.
♦ Working with the QA team and making the team understand the application and its working.
♦ Development of Test Plan, Test Scenarios and Test Cases.
Value Add
♦ Able to bring the project team to a level where we were independently handling minor enhancements and production issues, in very short time.
♦ Documenting specifications and other work flows for better capturing of platform working intricacies for both project team and client team.
Key Learnings
♦ Better understanding of Collateral management space along with working knowledge of margin management and calculations around margin call.
♦ Comprehensive working knowledge of the platform along with its implementation and configuration details.
♦ Closely worked on the regulatory changes mandated post financial crisis, in line with central clearing models and changes in collateral requirements, optimizations.
WIPRO LIMITED 03/2007 - 12/2008 London, UK
(Operations Analyst)
Client: UBS AG
Project Title: Fixed Income Credit Confirmations
Project Description: Back Office Operations - Confirmation of Structure Product
Key Deliverables
♦ Daily reporting for the team.
♦ Activities related to confirmation of Structured Product.
♦ Matching and Drafting of trade confirmations.
♦ Escalation and dispute resolution of many legacy trades.
♦ Handling interbank clients such as Lehman Brothers, Barclays Bank, ABN Amro Bank, Deutsche Bank, for post trade affirmation and confirmation.
Value Add
♦ Enhancing productivity by automating standard operations around confirmation.
♦ Involved in the requirement discussion with the UBS BA team in re-designing one of the back office application, Boomerang.
Key Learnings
♦ Post trade operations of fixed income instruments.
♦ Understand OTC Derivatives life-cycle
♦ Interpersonal skills of working with different demographically constituted team.
WIPRO LIMITED 07/2004 - 02/2007 Hyderabad, India
(Project Engineer)
Client: Ericsson Inc.
Project Title: ERIC_DFE, AIMS
Project Description: Aims is an end-to-end test tool for automated execution of conformance and regression tests for telephone systems.
Education
Post-Graduation: (04/2009 – 09/2010)
General Management, Narsee Monjee Institute of Management Studies (NMIMS),
Bangalore, India
Degree:
Executive Post Graduate Diploma in Business Management (Full Time), 2010
Graduation: (08/2000 – 05/2004)
Engineering, Birla Institute of Technology (BIT), Mesra, Ranchi, India
Degree:
B.E. (Bachelor of Engineering), Electronic & Communication Engineering, 2004