Candidates About

Ajay K. Verma

PROFILE summary

·           Project management professional with diverse experience in the Business Analysis, Data Analysis, Technology Delivery within the banking and financial domain with more than 13 years of international experience.

·           End to End project Management expertise using SDLC Methodology (Agile and Waterfall), PED Documents/ Charter, Business Case writing, Project Plans/Schedule in MS Project/JIRA, Financial Management in CLARITY, Status tracking and Milestones Communications, Work with other technology teams such as development, testing, Infrastructure, DBAs, Production Support, IT Security & Audit.

·           Business Analysis experience covering GAP analysis, Process mapping (AS-IS vs Future) diagrams, Requirements gathering, Writing Business Requirement Documents (BRDs) & Functional Specification Documents (FSDs), Data Analysis using SQL/Excel, Business Data Analytics using Qlikview, functional testing, Train/Support users during UAT phase, Issue management bridging the gap between IT and Business and post production support.

·           Profound Front, Middle and back office experience and understanding of banking business functions within Financial/Capital Markets & Securities Services technology and Operations,  which includes but not limited to end to end trade flow and trade processing (Order booking/amendments, confirmations (SWIFT & paper), Settlements, Market Risk (VaR & Stress testing), Payment Netting, Cash management, clearing, reconciliation, and corporate actions) covering asset classes FX/MM, Fixed Income Derivatives (Options, Futures, Forwards, Swaps), Fixed Income Securities (Government and Corporate bonds, Notes and Treasuries) Equities (Cash and CFDs), Commodities, Derivatives (OTC & ETD), Indices,  Prime Services, Securities Lending and Wealth Management.  

·           Deep knowledge and experience on Electronic Trading Platforms, High Frequency Trading Brokerage, News feed, FIX Connectivity and Market data platforms.

WORK EXPERIENCE

Project Manager/Sr. BA, Standard Chartered Bank, Singapore (Contract: Ikas International)                                  Oct-15 to Feb-17

Worked as Project manager and Business Analyst within the Financial/Capital Markets ITO department and managed regulatory and front to back office application related projects.

Key Deliveries

·       Institutional Securities Setup:  Worked as a part of the securities services group and supported the Front/Middle office users for providing the analysis of Pricing, Market Risk & Liquidity and product parameters for onboarding new Corporate/Institutional bonds.

·       CDU: Continuous business analysis and project management of the migration project from Scrittura to Xceptor for the Trade Confirmation (Murex trades processing using MXML messaging) workflow.

·       Client Utility Document (CDU- XCeptor): Implemented communication workflow for Legal, Structuring and sales business for the Term sheets (pre-trade legal document) business flow.

·       Performed the functional testing by booking the trades in MUREX and performing various logical scenarios for the trade confirmations. Analyzed the MXML messages and verify the client and reference data flow. Products covered, NDFs, SWAPs & Commodities in first phase.

·       MIFID: Extensive analysis with a BIG-4 vendor of current and future changes in order to implement MIFID II which included but not limited to analyzing the impact on client reference data, broker/dealers booking models, product management and its setup, reporting requirements, monitoring and advanced trade workflows with maker/checker functionality. Laid out the phase -1 project plan focusing on analyzing the client reference and reporting requirements.

·       Managed and prioritized the deliveries of legal entity structure changes while implementing the business and technical changes for FATCA, DODD-FRANK and MIFID frameworks.

·       Holistic categorization of US and European Entity clients and managed end to end delivery of MIFID and DODD-Frank Changes as per the operational efficiency and new regulatory requirements.

·       MT306 (SWIFT Confirmation – Murex 2.11: July-16) -Managed End to end delivery and business change for NDFs (derivatives). This covered the complete trade flow cycle on MUREX trading platform.

·       Complaints Handling Policy Framework – Worked with Compliance team and implemented the framework on PEGA (a vendor product) for financial markets users.

·       Successful deliveries of GEMS (Global Enquiry Management System - End to end communication workflow tool) to Client Coverage and engagement teams within Financial Markets and Securities Services Operations teams. This covered client facing teams, Middle Office users, Back Office users and Reference Data teams.

·       Data reconciliation: Established processes to reconcile the client data and master agreements between Client Utility document (application) and Bank’s golden source.

·       Worked with client experience senior management and provided the overview of existing communication channels and provided recommendations to input to the Target Operating Model (TOM).

Responsibilities

·       Work as a change agent with business stakeholders and help prioritize their book of work by providing the preliminary analysis and the cost estimates according the problem statement and the scope statement.

·       Work with technology teams/partners and perform the task level analysis and lay down the project estimates.

·       End to End Project/Program Management managing including cost, governance, schedule, scope, resource and quality.

·       Hands-on involvement in business analysis process, gathering the requirements appropriately and review before confirming into BRD/FSD documents with group of business analysts. Follow up with business teams/heads for BRD approval.

·       Review and maintain the business requirements in the book of work manual and manage them in the project deliveries according to the priority/urgency.

·       Work with business teams and ensure the changes are implemented successfully by reviewing the “Current vs Future” process document and “Detailed Operating Instruction” (DOIs), review and its approval by the senior management.

·       Work with Compliance teams to seek approval for the process change in the countries and hubs.

·       Create problem statements, business cases, project plan, PED documents, working group and setup a steering committee (PSC) and working committee.

·       Clarity reporting: Track and manage reports of projects costs, resource management, capacity planning, RIDA logs and approval processes and provide the up-to-date status in steering committee/Project Board.

·       Act as a single point and work with business units during the Business requirement (BRD), Functional specification (FSD), UAT, Users setup, Change management, Go-live preparation and post production support.

·       Managing Country level heads and business heads for the solution and delivery across Front, Middle and back office operations across all the asset classes within Financial markets division in SCB.

·       Raise and review RAID matrix for risks, issues, dependencies and assumptions and discuss in the program meeting.

·       Worked with Business Analytics team for MIS reporting capability in Qlikview dashboards for all the departments within Financial Markets & Securities Services operations.

Technology Lead (BA/PM/PS), CMC Markets (e-trading brokerage), Singapore                                                        May-12 to Mar-15

JOB SUMMARY: worked as a regional technology manager overseeing APAC locations covering Singapore, Hong Kong, Japan, Australia and New Zealand offices. My primary role was to work with business heads to work on the change and the business requirements and translate into the project plans and perform the delivery, solution and transformations for the trading (Web & Mobile trading in-house platforms and third party platforms) and non-trading applications. Secondary role was to oversee production support team for the trading applications.

Asset Classes: FX (Spots & Forwards), Indices, Commodities, Global Stocks, and Fixed income (Bond, Notes & Treasuries).

Key Achievements

·       Setup the trading floor and established the regional IT and business support teams in Singapore covering APAC locations.

·       Successful end to end delivery of the projects included but not limited to implementing new market risk platform, enhancements on 3^rd Party platforms such as IRESS, TRADEWEB, internal pricing logic enhancement for FX pairs,  VaR & Stress testing environment, margin and liquidation system enhancements, Tiered Margin, implementing Thomson Reuters news feed, Pricing live streaming, launching new products (currency pair, new stock on the platform), Order Netting, Module Linking, Guaranteed Stop loss Order (GSLO), Client communication framework, client classification program, Market Data and Payments Projects on Mobile (Apples and Android Devices) and Web trading platforms and on internal applications.

·       Successful deliveries of the key regulatory projects such as FATCA (End to End implementation on the client onboarding platform with automated reporting), 2 Factor Authentication, Customer Knowledge assessment (CKA), Customer Due Diligence (CDD), AML System (NICE ACTIMIZE) and Personal Data Protection Act (PDPA) as a part of MAS regulatory requirements.

·       Transitioned the support function of the Stock broking platform from Sydney development team and aligned with the existing support processed. This brought down 30 % reduction in cost. This was delivered well ahead of time.

·       Improved support function response turnaround time by 200%, by Process Automation, Centralized and indexed documents on Wiki & the Intranet (Runbooks), enhanced logging in the application services for easy spot fixing and Matrix Organizational structure with responsive shifts. High availability configuration for critical applications.

Applications Manager (Projects), Commerzbank, Singapore, Frankfurt                                                                           Aug-11 to Apr-12

·       Worked on a project to migrate the back office modules (confirmations and settlements) to a UNIX based system from a legacy system Open VMS for FX/MM and Fixed Income Derivatives products.

·       Worked on-site with the development team and key stakeholders in the Frankfurt office during the planning phase of the project and completed the planning phase ahead of time.

·       Managing the BAU support for NICE Actimize system for transaction screening.

·       Managing SDLC execution, change requests and project re-planning and structuring; while ensuring milestone entry/exit criteria is satisfied and documented.

Team Leader/BA, Credit Suisse (Contract through ZENSAR Tech) - Singapore                                                          Nov -09 to Aug-11

Worked for Prime Services department and led a team of 4 analysts that was responsible of daily production support for front office trading, Securities lending (stock loan) and Prime Swap (Equity based underlying & IR Swaps )applications and acted as BA to implement various BAU enhancements.

Technical Support Analyst, PRS for Music, London                                                                                                                Sep 09 – Nov 09

Provided application support of diverse applications at Open VMS operating system. Working on Distribution system for various music clients and supplying ad-hoc support as per the user’s requirements.

Sr. Business Analyst, Tech Mahindra (Client: Merrill Lynch), Pune, London                                                                       Dec 07- Dec 08  

Project was to enhance the TRM systems to provide the tools to continually perform risk analysis and reporting on mark-to-market, by trader, trade book, product, profit and loss, profit and loss attribution and Value at Risk (VaR).

Business Analyst, UBS AG - Hyderabad, India & London, UK                                                                                           May 06 – Dec 07

Wealth Management IT Operations:  Business Analysis to automate trades feed into settlement systems from Front-End Order input system and automated reversal entries if trades were returned to FO/MO for various scenarios.

Project Engineer, ISPAT Industries Ltd - Mumbai, India                                                                                                      Jul 03 - May 06

Worked on Quality projects using Six Sigma (DMAIC) methodology and Level 2 automation.

Techincal Skills

                        Educational and Professional Background

B.Tech (Electronics Engg) from   Indian Institute of Technology- Banaras Hindu University (IIT-BHU), Varanasi, INDIA, 2003 – Very reputed and one of the top 10 engineering colleges in India.

Industrial Training

• Open VMS Administrator, Six Sigma Green Belt Certification

• PMP Training, ITIL 3.0 Certification and Various management trainings.