Business Analyst

Shobhit Jain

Email: ************@*****.**.**

Address: **** ** **** *******, **** 7320, West Des Moines –IA 50266.

Mobile: +1-515-***-****

SUMMARY

Work experience of about 8 years in Capital Market, Banking and IT industry.

Working as a Lead Business Analyst on Calypso implementation, migration and maintenance projects.

Worked as a Pricing Analyst in Fund Management and Accounting with Hedge Funds for portfolio valuation.

In depth knowhow of Capital market products, product structure, cash flows, trade life cycle for Fixed-Income, FX, Equities, Swaps, Derivatives and structured products.

Experience on Risk and Valuation models.

Hands on experience with Pre-sales, Hiring and Training activities.

EXPERIENCE

Worked as Business Analyst in Capital Markets and Banking domain. In depth experience for project implementation and maintenance around Front, Middle, and Back Office operations, for Fixed Income, FX and Derivative asset classes.

Possess good knowhow on trade life cycle, cash flow and risk for products such as FX, FX options, NDF, FX Swaps, IRS, Bonds, ABS, MBS, Repo, Equity and derivatives

Worked as business consultant in different financial setups of Wealth management, Fund accounting, Banking and Investment banking.

Implementation and maintenance experience on Calypso trading platform.

Worked as a liaison between IT team and business users for understanding business process, gathering requirements and documentation.

Facilitating business solutions as per the requirements by creating and documenting system design for the developer.

Devising test plan and strategy to perform, unit, performance and stress test on the developed system.

Optimizing business efficiency by understanding current business processes and implementing solutions to resolve reflected issues and minimize involved costs.

Implemented automation in various processes to minimize human error and increase efficiency.

Performing workshops and demo for business users on new processes, and training team members.

Actively involved in integration and maintenance of Static Data and Market data. Hands on experience of working with market data providers like Bloomberg, Reuters, Markit.

Directly interacting and working with the traders in setting up system for limits and risk.

Worked on setting Limits exposure and checks for trading, for traders, based on counterparty and trading desk.

Experience on creating various Valuations models and calculators in the system, for pricing checks and portfolio valuations.

Implemented Cash management to maintain and forecast cash balances in different currencies and desk, also created solution for auto balance transfer to maintain position between agent accounts and publish report at each currency cutoffs.

Worked on managing Collaterals in the system, performing MTM for them and raising margin call with the counterparty in case of limit breech.

Experience around various Messaging frameworks. Implemented swift for various asset classes for confirmation and payments.

Accounting setups along with GL integration and implemented FAS91 for constant yield amortization.

Worked on reporting frameworks, creating, and customizing reports for different business heads.

Hands on experience with various Federal and European Regulatory reporting like DRF, CCP for Euro zone.

Project: Calypso CBS Phase 2- Implementation

Client: Federal Home Loan Bank of Des Moines

Designation: Lead Business Analyst

Assignment Date: April, 2015 to till date

Environment: Calypso 13.0

Products: Fixed Income, Exotic Structures, Money Market Products & Swaps.

Location: Des Moines IA

Description: This is a calypso implementation project where front office and bank office activity will migrate from the legacy system to Calypso. My active involvement is in the overall calypso solution and design. Also laying down requirements, implementing and configuring the system for Front office and Accounting activities.

Implementation and Enhancements Task:

Front Office validation and Trade Capture from Calypso GUI with custom workflow rules to derive attribute values based on pre-defined business logic.

Creating Trading Books, Accounting Books, Book Hierarchy, Task Station, Access Permissions, and Trade Workflow based on business requirements.

Implementing valuation checks and audit controls via rules in the trade workflow. Maker and checker functionality was added to have 4 eye check and remove scope of manual errors.

Bloomberg Connect was configured to extract Bond Product definition and get updates.

ERS Limits module was configured to have hard/soft limits, counterparty/trader limits based on pricer measure and pre deal/post deal status for limit check.

Tenor checks functionality was created for Counterparties which were approved for Repo and Money Market based on approval codes to have a cap on the maximum days to maturity.

Various Cash flow related issues were solved as a part of enhancement task. Calypso helpdesk was raised for Fixes on bugs.

Non MBS securities were setup with principal schedules for amortization and sinking fund.

Call schedules were setup on the product definition with multiple embedded options.

Projected prepayment factor schedule was created for Bond Asset Backed Securities.

Security and event specific setup was done for Corporate Action with manual liquidation for Hedged items.

New pricing environment was created with instrument specific interpolation/zero curves and pricer. Custom pricer measures were created and added to products for valuations.

Engines were setup and subscribed to events. Customized Event filters were configured at engines to meet business requirements.

Setup was done for linking Accounting Events with trade, transfer and valuation events for each product. Account definition was created for existing GL account. Keeping in sync to the external GL system.

Accounting Rules were created for posting Debit and Credit in respecting GL account based on filters, product and accounting event. Book link was established for all accounting rules based on the accounting books.

Level Yield amortization under FAS91 was done using a custom pricer to match the banks existing model.

Schedule task were configured and customized to have valuations and posting.

Various trade and accounting reports were configured to meet business requirement.

Project: Calypso Service Centre- Enhancement & Maintenance

Client: Credit Agricole Corporate Investment Bank

Designation: Lead Business Analyst

Assignment Date: Sept, 2010 to March 2015

Environment: Calypso 13.0, 11.0, 9.0

Products: FX Family, Derivatives (Future, Options, NDF & Swap), Fixed Income (Bonds, ABS, Repo, BSB, Exotics),

Location: Paris (France), London (UK), Noida (India)

Description: This was an Enhancement and Maintenance project with the client to manage four instances of calypso at various locations. There were various migrations, version upgrade, enhancement, merger task been executed. I was the delivery lead on this engagement responsible for enhancement and maintenance task.

Calypso as International Back Office System (CIBOS)

Description: CIBOS is an international back office system for the bank. This Calypso instance is used as back office for multiple PO covering branches globally. Trades are captured via MQ series from front office systems like K+, Summit, Sigma & Murex. Confirmations, transfers and payment messages are generated against the trades in calypso and accounting entries CRE to external accounting system.

Enhancements, Maintenance and Migration Task:

Centralization Project which involves migrating various smaller business sites to one site under a global workflow. This was done as a part of integrating the work to main business hub from smaller branches.

Dodd Frank Act project was implemented where in as per the US guidelines all stock for Fx, FxNDF, Fx Swap is reported to DTCC when deals booked with US counterpart.

Precious Metals was a project where commodity trading in Futures FX and FX options on metals was migrated to calypso from the existing system.

Settlement Reporting was a project where in reports were published before the payments cutoff for the senior management to track missing and duplicate payments.

Site migration was a project where a new PO was setup and trades were migrated with a new workflow as the bank acquired a new entity.

Version upgrade from Calypso V9 to Calypso V13.

Market Data & Reference Date maintenance and integration.

Trade, Transfer and Message workflow setup and enhancement with custom rules and filters to meet new requirements.

Task Station: Global, local and user task station were setup based on business group using sequencing in the task internal reference.

Setup ability to split transfer automatically based on SDI or manually by workflow action. Automatic Netting and settlements were setup using Kickoff/Cuttoff. Settlement Delivery Instructions for cross border and cross currency settlements.

Message Setup for establishing a mapping between a trade/transfer events to generate a message based on filters and defined templates to specific gateway.

Configuring Schedule Task window for various reporting, valuation, corporate action, Rate Reset, mature trade jobs. Setting batched execution using external scheduler control-m.

Setup of accounting events with accounting rules and book link for posting accounting entries via CRE to external accounting system. Posting manual CRE in case of any discrepancy.

Calypso Bonds Back Office System (Bonds)

Description: Bonds is an application used to handle Fixed Income Business for Paris Site. The system has interaction with settlements in European Markets like Creation Online, ERGV, Omgeo Alert, Phase 3 (US). This system is used to make payments via the agents, settle positions via the clearing agency.

Enhancements and Improvement Projects:

Automation of Triparty Reporting, for triparty basket trades. HRF reporting for treasury was automated. This is a part of the regulatory reporting done in European zone for each treasury.

GCM Mocha screen was created for traders to see live positions of a security in the system based on trade capture.

Setting a new PO Rebecca in calypso. Migration of Trades and creating new workflows. Generate new reporting for this entity.

A task was created for Sweeping of balance position from secondary agent account to primary agent account in case of positive balance and from primary agent account to secondary agent account in terms of negative balance.

Collateral management where margin calls are made on a daily basis to counterparty based on limits, and integrating balance with other systems.

Project: JP Morgan Hedge Fund Services-Central Price Capture

Client: CQS Hedge Fund

Designation: Operations-Team Leader

Assignment Date: Feb 2010 to Aug 2010

Environment: Geneva, MCP (Pricing), Bloomberg, Reuters, Super Derivative.

Products: FX Family, Derivatives (Future, NDF, Options, Options Strategies, Swap, CDS), Fixed Income (Bonds, ABS, Repo, BSB),

Description: Pricing of securities in the Hedge Fund Portfolio for the purpose of NAV computation. Working as a Team Leader- Pricing Analyst in Hedge Funds Team of Central Price Capture Department my responsibilities are as follows:

Pricing the Listed securities using exchange and Bloomberg feeds.

Valuation of the portfolio using models and performing a variance analysis.

Validating the Price Breaks, checking for stale, unchanged and threshold prices for securities.

Calculating OTC prices using broker statements, validating the price for breaks using Bloomberg and super derivate calculators.

Fetching CDS Spread feed form MarkIT and manually pricing the trades.

Publishing the prices to client and then working on the breaks.

Giving the final signoff to the accounting team.

EDUCATION

CFA (Pursuing Charted Financial Analyst Level II).

Master’s in Business Administration from I.C.F.A.I. Business School Hyderabad, specialization in Finance and Investment Banking.

PERSONAL DETAILS

Nationality : Indian

Visa Status : H1B

Date of Birth : 22-OCT-1985

Gender : Male

Languages Known : English, Hindi.

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