Management Engineering

Kris Veeraghanta

Risk Management Executive

EXECUTIVE SUMMARY

INDUSTRY EXPERIENCE

Effective and Innovative Chief Risk Officer, Chief Technology Officer & COO for hedge funds; Chief Architect and Hands-on Management Executive with expertise in Financial Services (Banking, Brokerage, Hedge Funds, Risk Management & Technology, Financial/Quantitative Modeling, Trading/Hedging Strategies, Prime Brokerage), Operations (Front/middle/back offices), Technology (Systems, Integration, Databases, Portals) and Management Consulting. Strengths include ambitious resolve, relentless customer & business focus, disciplined analytical decision analysis and entrepreneurial vision, ownership and responsibility for business imperatives, setting vision, strategy, direction and goals with a global perspective and achieve optimal business delivery. Ability to articulate, collaborate, develop and nurture talent as a senior executive and an assistant professor.

Capital Markets (18 years)

Prime Brokerage (14 years)

Risk Management (18 years)

Financial/Quantitative Modeling (20 years)

Operations (14 years)

Technology (28 years)

Business Analysis (26 years)

Management (28 years)

Hedge Funds & Fund of Funds (12 years)

Hedging/Trading/Arbitrage Strategies (12 years)

Derivatives (Equities, FI, Exotics) (16 years)

Portfolio Management (16 years)

EDUCATION

CONTACT INFORMATION

PhD, Operations Research & Financial Engineering, The Ohio State University, Columbus, OH Aug, 2016

oThesis: Essays in Financial Engineering (using Copulas for pricing derivatives, risk dependencies and risk index)

MS, Engineering/Operations Research, The Ohio State University, Columbus, OH July, 1991

oThesis: Simulation & Modeling of AVI Systems and Economic Feasibility

Kris Veeraghanta

309 E.Morehead Street, Suite 928

Charlotte, NC 28202

614-***-**** (H) 917-***-**** (Cell)

****.***********@*****.***

http://krisveeraghanta.weebly.com

PROFESSIONAL EXPERIENCE HIGHLIGHTS

Financial Information Architect, CITCO, Charlotte, NC 01/16- Present

Design the next generation system for configuring flexible instruments and process them using rules based

and real time based processing for hedge funds and fund of funds (with extensible functionality for mutual

funds, ETF, CRE and investment banking)

Design a system where complex financial instruments can be designed on the fly and be processed in real time

with being able to evaluate any number of what-if scenarios and enable better decision making

Doctoral Student and Teaching Assistant, The Ohio State University, Columbus, OH 08/13-12/15

Doctoral Student working on Operations Research & Financial Engineering on utilizing copulas for pricing of derivatives, inter/intra dependencies of various risk metrics (market, credit, operational, sovereign, liquidity etc) and a risk index that is a comprehensive and enterprise wide measure of risk for the firm. Also includes economic policy measures and contingent actions based on risk exposure.

Graduate Teaching Assistant for non-linear programming for undergraduate students.

Federal Reserve Bank of Cleveland, Cleveland, OH Quantitative Analyst 04/11- 02/13

Conduct quantitative models analysis for large banks within the fourth district including market, credit, operational risk as well as stress testing for Regulatory Capital & Basel III compliance, CCAR, CapR and other federal reserve regulatory capital requirements and compliance. Includes model validation, development, governance, scenarios, challenges, data integrity and analysis. Model validation included models for, Market Risk, Credit Risk, Operational Risk (legal risk, reputation risk, systems risk, vendor risk, process risk, audit risk etc), Liquidity Risk, Counterparty Risk, Currency Risk, Settlement Risk etc.

Analyze models for credit risk (for CRE, C&I, Auto etc.), operational risk and ensure that these meet the standards laid out by regulatory agencies. Modeling & Quantitative Regulator for large banks within the 4th district for DFA, SR 11-7, Volker Rule, Compliance & Regulatory rules and other Fed, OCC and regulatory bodies. Conducted various examinations for Federal Reserve Bank of Chicago, NY, Boston besides Cleveland.

Consultant (Interim Chief Risk Officer, COO & Chief Technology Officer 03/’07- 03/’09

Representative Clients - Alliance Bernstein, Apollo Capital Management, Ardsley Capital Management, Deephaven Capital Management, Eminence Capital, DB Zwirn.

Managed up to 18 different portfolio as interim Chief Risk Officer with strategies with total assets over 30 billion dollars, actively monitoring trading activities; managing and analyzing for market, credit, liquidity, currency, counterparty, sovereign and operational risks. Generated VaR and other risk measures (Greeks, relative VaR, and CVaR etc) reports using RiskMetrics. Assessed and analyzed the consistency of hedging strategy against the portfolio holdings and risk patterns.

Managed & assisted the installation and implementation of RiskMetrics for a major asset management firm to efficiently manage their hedge portfolios. Managed analysis and data mapping for development of complex interfaces from client infrastructure to RiskMetrics. Analyzed various systems (over 15) for handling various financial instruments and analytics.

Managed an emerging markets loan portfolio for risk, modeling the loans utilizing RiskMetrics bond modeling and assessing thr risks. Further analyzed up to 19 different emerging market currencies for currency and liquidity risks. Worked on due diligence efforts for fund of funds portfolios by creating various stress scenarios for assessing risks and rebalancing portfolios.

Managed the Operations Risk components, which included data segregation and security based on the functionality of groups and individuals, disaster recovery, systems redundancy, vendor management, portal security using a confederated approach (siteminder), risk and access controls, high speed transaction processing, reconciliation, managing settlement and clearances and managing counter party risk. Also, as part of Operations Risk, I managed the external data vendors for ORX data, loss data and apportioned risks and costs for each of the various groups (front office, risk, trading, back office etc).

Managed system upgrade to Geneva Advent 6.0.3 version for a hedge fund; performed the parallel and reconciliation work for the hedge fund. Analyzed the business continuity planning requirements and operational risk assessments for three hedge funds. Taught courses in Risk Management, Derivatives and Business Rules based data modeling.

Merrill Lynch, Hopewell, NJ Vice President, Wealth Management (Private Client) 08/’05-03/’06

Managed re-engineering of the Managed Products billing system, which generates over $1.3 Billion dollars in annual revenue. The re-engineering included application of business-rules based processing and rationalization of the data model to support rules-based processing.

Analyzed the business requirements for the merger of acquired asset management firms and managed the design of multi-tiered systems in a matrix environment. Managed the support with various off-shore teams in three different countries.

Veeraghanta & Co. Associates Ltd, India – President & CEO, Financial Services Consulting 07/’01-07/’05

Founded an entrepreneurial venture for outsourcing technology, operations, accounting and development work in India. Partnered with a systems integration firm, for integration assistance. The successor company currently operates as an Accounting firm. (Visakhapatnam, AP, India, 530023)

JP Morgan, 60 Wall St., NY Vice President, Investment Bank 05/’00-05/’01

Served as investment advisor to LabMorgan, a technology venture capital fund. Managed and re-engineered research and employee information distribution for JP Morgan’s institutional clients and employees using web portals. Managed over 60 people and a budget in excess of $60MM in a direct and matrix environment.

Manager and Chief Architect for Employee Portal. Designed the portal modules and search functionality using the existing taxonomy and content aggregation, and managed vendor selection process.

Managed complete portal infrastructure project life cycle from design and development through integration and production support. Project was a J2EE/WebSphere implementation using Sybase with outside vendors. Applications were built using ASP, EJBs and Java

Architect for Single Sign-On for Post-Trade Client Service Portal and JPM Client Portals; sign-on application communicated between two security products. (Netegrity and Siteminder). Project also involved design of information and systems security architecture for Global Institutional Clients and portal infrastructure. Managed consulting firms implementing the design and installation work at a remote site.

New Era of Networks Inc., New York, NY Chief Architect 07/’99-04/’00

Representative Clients include - IBM, IBM-Retail, MetLife, Siemens, ARG, Fidelity, and Time Warner

Responsible for solving business problems by providing technology and integration architecture solutions for re-engineering existing systems. Scope of work included business analysis; addressing systems integration issues; web-enabling legacy systems; and providing strategic solutions for future web capabilities. Managed over 40 people and a budget in excess of $25MM.

Architected global e-commerce and enterprise systems integration. Managed the life cycle of design, implementation and production support for each of the client implementations. Included design of various Data Warehouses and Data Marts for various business units.

KPMG LLP, 345 Park Ave., New York, NY Senior Consultant, Capital Markets 11/’96-07/’99

Representative Clients - Deutsche Bank, CS First Boston, Morgan Stanley, JP Morgan, Refco Group, Bank of Montreal, Merrill Lynch and Citicorp.

Primary job roles included life cycle project management, management consulting, business analysis and business re-engineering using advanced technology concepts, cost benefit analysis and ROI analysis.

Assessed the entire market risk models for all trading desks for four legal entities for a major European bank and wrote a book on market risk and operational risk models, data processes and VaR calculations and reporting systems. Wrote a book for Market Risk for the four legal entities of the bank, including proprietary trading models and valuation of books(680pages)

Managed an engagement for a major commodity trading group and assessed their operational risk and cost analysis for trading all commodities on various exchanges. Analyzed and minimized their transaction costs for trading derivatives.

Managed re-architecture, redesign and development of Loan Analysis Software for commercial loans for banks, including embedded credit derivatives, including; swaps, options, swaptions, caps, floors, collars and other exotics. The application was written in C++ with a user interface written in Java, and incorporates a model that utilizes gradual degradation of ratings and calculates the EPVs and RAROCs for commercial loans. Developed proprietary trading, high frequency, VWAP models.

Merrill Lynch, 101 Hudson Ave., Jersey Ave., NJ Senior Architect 04/’94-11/’96

Books and Records Project & TES (Transaction Entry System); designed integrated object-oriented models for the entire project using three-tier architecture. Key member in the design of Rules, Routing and Formatting engines (now part of MQ Series).Managed team of 60 technical staff and analysts.

Managed design and development of Transaction Entry System for entering complex transactions including interest rate derivatives, swaps, swaptions, equity derivatives, caps, floors and collars for posting in the Books and Records Repository

Co-Managed the design and development of Books & Records system. Supported the daily trading activity of variables interest rate preferred trading desk and the mortgage allocations desk.

Rewrote mortgage optimization algorithm for optimizing high coupon rate mortgage pools Supported the mortgage allocation project on HP (HP-UX) platform. The optimization saved the allocations group an average of 60K a day in interest payments.

CTA Inc., Pleasantville, NJ Senior Engineer 06/’90-04/’94

Project Manager and Lead Designer/Developer of National Airspace Simulation models and B747-400 Flight Management Computers, Data Link in 3-D with Decision Analysis Models.

Manager and Lead Designer/Developer of Reconfigurable Cockpit Simulator (RCS) for modeling Data Link from Ground Control to Pilots. Manager and Lead for building national airspace simulation models for FAA Technical Center and built decision analysis simulation models.

The Ohio State University, Columbus, OH – Teaching & Research Assistant 08/’88-06/’90

Taught undergraduate students Engineering Economics and worked on a NASA/NOAA project on optimal oceanic paths using seasonal ocean currents

Worked as teaching assistant in the main computer lab and electrical engineering lab, supporting various systems and statistical packages.

Gandhi Institute of Technology & Management, Waltair, India – Assistant Professor 06/’86-08/’88

Taught undergraduate engineering students, Numerical Analysis, Engineering mechanics, Fluid Mechanics.

Research in applied computational mathematics for engineering applications

Memberships: Member, Global Association of Risk Professionals

Member, International Association of Financial Engineers

Addendum

Business Areas:

Strong Knowledge / experience in Equity Systems, development, management and integration for over the counter and exchange traded equities and equity derivatives, fee structures, compliance and regulatory issues. Strong knowledge of Credit Derivatives, Interest Rate Derivatives, Equity Derivatives and Trading Systems for these derivatives; Equity Markets (equities (OTC & listed, warrants), options (US, European, Asian), P-Notes, pricing & risk models (Blacks, Black-Scholes, Modified Black-Scholes, Garman-Kolhagen, Cox-Rubenstein, Garch, n-Garch), exotics (Knock-out, Knock-ins, Quanto Basket, Digital, Compound, contingent, Ladder, lookback, swaptions, swaps, caps, collars, captions, floors,), Derivatives (equity derivatives, fixed income, interest rate, interest rate pricing models including Black-Derman-Toy, Vasicek, Hull-White, credit), Fixed Income (bonds, treasuries, corporate bonds, strips, mortgage backed securities, CMOs, structured instruments, bond futures, callable and puttable bond options), Commodities (contracts, futures, exotics),Money Markets, FX (spot, futures, FRAs), Repos, Reverse-Repos, Collateral Assets, Commercial Loans (vanillas, embedded options, embedded credit derivatives, embedded currency options), Risk Management (all instruments, VaR models, Monte Carlo VaR, Stress Testing, variance/correlation matrices, Delta-Gamma VaR, Compliance, Net Capital Requirements, JP Morgan Risk Metrics). Knowledge of Back/Middle Office like Settlements, Settlement Risk, Clearance, Book Keeping and Accounting, Custodial and Sub-Custodial Banking, Cross-border trading, Cash Management, Margin Accounting, Commissions (Trader and Exchange), Reporting (Fed reporting, SEC reporting, Risk Reporting, Fees and Odd lots reporting, Risk and Currency Exposure reporting) Compliance and NASD/NYSE regulations, G/L, P&L, Confirms, & Affirms, Allocations, Corporate Actions. Knowledge of Trading Analytics, Trading & Hedging Strategies, High Frequency Trading Strategies (equities, equity derivatives, fx, commodities and futures) Program Trading (fair value, Basket. Options, commodities), Arbitrage (Fixed Income, index, currency, futures, Equity, Risk, Statistical, ETF, Box), Long/Short, 130/30, Long/Long, Short/Short, High vol/Low Vol, intra/inter day arbitrage, micro/macro model trading, relative value, technical, Modeling and Pricing, Valuation of Books

Software Skills:

Extensive Knowledge and experience of Web/Portal, E-Commerce, B2B, B2C, Architectures, Hardware and Software Design; Web and Application security, IT Audit, Cyber Security & Encryption products, protocols and procedures;

Operating Systems: Unix, BSD, AIX, Ultrix, HP-UX, DG-UX, Solaris, IRIX, SVR4, Windows NT, XP, Macintosh OSX

Scripting: Unix Shell Scripting, Text processing Utilities (awk, sed, Perl, Tck/Tkl, Tex, LaTeX etc) Shell programming in C-Shell, T-Shell, Bourne Shell, Korn Shell, Bash

Networking: Unix Networking (UUCP, TCP/IP, PPP, SLIP, NFS, NIS+), make, rcs, sccs, PVCs; Unix Internals (solaris device drivers and OS internals), IPC facilities and development; Unix (all flavors) Systems Administration, Network Administration, Web and News Administration

Object Oriented

Methodologies & Tools: Agile, Scrum, RUP, UML, OMT, Waterfall, Fusion, Booch, Bertrand Meyer, Ivar Jacobson), S-Designer (PowerDesigner), Erwin, Rational Rose, Paradigm Plus, B2B, B2C, Web based marketing and analytics, Web based data

Mining, Web Services Integration of Social Networks.

Windows Programming: Motif, OpenLook, Xwindows, Xt, XDarwin, Windows, TeleUse, Neuron Data, NextStep, Xfree

Languages: C, C++, C#, Java, J2EE, Java Beans, EJB, Python, Cython, R, CPlex, Gurobi, Django, Ruby on Rails, PHP, Web 2.0, Simscript II.5, Visual C++, Visual Symantec Café, XML, fpML, Visual Basic, Pascal, Fortran, Prolog, Modsim, Simula, Ada, OpenGL, GLX, GLXWidgets, Performer, Objective C. Knowledge of Silverlight, Scala and Clojure.

Programming

Paradigms: Multi processing, Distributed processing, Vector programming, ISIS, Realtime, Super Computing, Knowledge of Artificial Intelligence, Neural Networks (Kohonen and Backpropogation) and Orbs

Databases: Sybase, Oracle, SQLServer, DB2, ndbm, SQL and SQLPlus, Database Administration, Database Performance Tuning and Optimization, Stored Procedures Optimization, Hadoop, Cassandra, MongoDB and design of relational and no-sql databases.

Math & Stat: SAS, SPCSS, MatLab, Mathematica and other Statistical and Optimization Packages; Rogue Wave Libraries (tools.h++, math.h++, dbtools.h++, net.h++)

Messaging

&

Architecture : MQSeries, NEONet, Orbix, and Integration Servers, Vignette, WebSphere, JRun, Vignette, Integration Adapters for Siebel, PeopleSoft, SAP and JDEdwards; WebServers, Apache, IIS and iPlanet, SOA, Hub-n-Spoke, Client-Server, 3-tier, n-Tier, WebServices, Orbix, RPC based, Broadcast based.

Security: Security tools like Netegrity and Siteminder

Knowledge of System and Information Security including PKI, Certificate Servers, Calendar/Mail Servers, LDAP, heterogeneous networking, routers and firewalls configuration

Utility tools: MS Applications, MSProject, MSAcess, Excel, Visio, Web Authoring tools and ASP, JSP, HTML, Knowledge Management and Search Management and Engines.

Risk Systems:

RiskMetrics, Algorithmics, Numerix, Summit, Sungard, Calypso, Murex, Sophis, OpenLink(Endur,Findur), MB Risk Management, Geneva Advent, Streambase and various proprietary trading, VWAP, high frequency and risk systems.

PROFESSIONAL COURSES TAUGHT & PUBLICATIONS:

Professional Courses Taught: (at hedge funds)

Financial Derivatives & Swaps

Risk Management 101

Rules Driven Data Modeling

Papers & Books:

Market Risk & Pricing of books – Proprietary models, data & process flows across all institutional trading desks and legal entities (A European Bank proprietary document)

Fast Algorithm to generate unique identifiers across multiple distributed messaging (New Era of Networks proprietary, for client IBM – Retail)

LGA/TEB air traffic pattern phenomenon using NASPAC modeling (FAA Tech Center)

Research on optimal paths using ocean currents for ship routing (NOAA Research document – The Ohio State University)

Decision Analysis model using simulation for optimal cost structure for FAA Tech Center expenses (FAA Tech Center – RCS Laboratory)

Courses taught (undergraduate at The Ohio State University and Gandhi Institute of Technology & Management):

Decision Analysis

Engineering Economics

Fluid Mechanics

Engineering Mechanics

Numerical Analysis

Engineering management

Simulation & Modeling

Computer Programming

Non-Linear Programming

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