Prashant Kolhatkar

Matawan, New Jersey ***** 732-***-**** ad4b6g@r.postjobfree.com https://www.linkedin.com/in/prashantkolhatkar/

Objective

Searching for a position as Regulatory Reporting Program Manager /Credit Risk Analytics to utilize my risk analytics abilities and provide strategic solutions and be flexible and adaptable to a changing business environment.

Personal Statement

Focused Senior Regulatory Reporting Manager combining cross-functional competencies in risk analytics, regulatory reporting, managing project delivery, timeline, resource planning and budget planning. As an experienced and goal-oriented professional, I bring to the table a hands-on, collaborative leadership style combined with a deep balance of creative problem-solving & disciplined general management skills focused on continuous process improvement and empowering team to excel in performance through training and mentoring.

Professional Summary

An established leader with 22+ years of experience in delivering robust architectural solutions, strategic implementation, reporting, and data transformation driving greater business value in financial and banking sector.

Experience with project management lifecycle, including defining workflows, defining business, functional, and technical requirements documents, detailed project planning, process, and data mapping, defining key risks, testing, status monitoring, problem tracking and resolution

Experience with various framework in such as SCRUM, KANBAN, etc. under Agile principle and Iterative Project Management Methodology to ensure timely delivery and successful completion of projects.

Demonstrate understanding of business processes, regulatory requirements landscape, internal control risk management, process, data and technology controls and related standards and frameworks as related to financial institutions risk framework for Credit Risk, Market Risk. Liquidity Risk and Operational Risk.

Proven track record with 10+ years of experience in Risk Management, data modelling, data analysis with US Regulatory functions and reporting with respect to FFIEC US Regulatory Reporting related to Advance and Standardized Reporting with FFIEC 101, FFIEC 102, HC-R Schedule for FRY9C and FFIEC 031, FRY-15, FRY-14Q, FRY-14A.

Experience with Liquidity Risk Management in Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR).

Comprehensive understanding of US banking regulations, including Basel III/IV, Dodd-Frank Act, and Sarbanes-Oxley (SOX)

Experience with Basel III and Basel IV accords regarding F-IRB, A-IRB, Standardized Approach, SA-CCR, FRTB, Supplementary Leverage Ratio (SLR) implementation, CCAR/DFAST Stress Testing Framework

Experience implementing guidelines for BCBS 239 - Principles for effective risk data aggregation and risk reporting and BCBS 368 Interest Rate Risk in the Banking Book

Proficient in AXIOM Controller View, a comprehensive financial regulatory reporting platform used for US regulatory compliance.

Oversee and coordinate the timeliness and accuracy of responses to regulators, including data requests, map data from source to target and responses to exam findings (such as MRAs)

Understanding of modelling complex credit products for forecasting and actuals RWA Calculation

Experience in financial industry for support with control function in regulatory reporting with various stakeholder’s such as Legal, Compliance, Audit and Risk team with Test of Design (TOD)/Test of Operating Effectiveness (TOE).

Experience with working in Core Java, Web based applications and Java EE platform with Spring MVC Framework, Spring Batch, Core Java, Spring Web UI, JDBC, Multithreading, Collection API, Hibernate Python and JIRA Tracking.

Skills

Project Management, Process Improvements, Strategic Planning and Business Process Transformation

Risk Management and Data Analysis for US Regulatory Reporting for Basel III and Basel IV Accords

Leadership - Experience managing, leading and mentoring team and building Global teams with Budgeting/Financial planning and forecasting

Experience with analysis using AXIOM, SQL Queries, Python, Reporting Tools and MS Excel for Data Lineage and Data Tracing

Reporting Tools: AXIOM, JIRA, Confluence, Cognos Reporting Tool, MicroStrategy Dashboard Tool, Tableau.

Education

Master in Business and Administration (MBA): Finance & Systems

Institute of Technology and Management – Mumbai, India

Bachelor in Engineering (BE): Computer Science & Engineering

University of Pune – Pune, India

Work History

PNC Bank – Pittsburgh PA 05/2023 - Current

RRX Regulatory Reporting Program Manager - Remote

Regulatory Reporting on AXIOM is strategic platform to automated report generation and submission for regulatory reports like FRY9C/FFIEC031, FRY-15, FRY-14M/Q/A, FR 2052a, FRY 2900, SCCL among other regulatory submissions.

Responsibilities

Liaise with LOB, Business Technology teams during the entire development/implementation of Regulatory changes related to FRY9-C, FFIEC031, FRY-14M/Q/A, FR 2052a, FRY 2900, SCCL by clearly understanding the requirements and tracking the changes through change control process

Analyzing and Interpreting changes in Regulation with LOB to adapt to the Basel III "Endgame Notice for Proposed Rulemaking (the NPR or the proposal) ensuring timely compliance for July 2025 deadline.

Demonstrated proficiency in interpreting and applying Basel III regulations, ensuring compliance with the latest requirements and driving strategic initiatives to meet the Endgame objectives.

Analyzing 6G, latest revision to 2052a reporting requirements for new data sets, timeliness of reporting, and congruence with LCR, NSFR & FR Y-9C.

Participate in clarifications and consistency for reporting instruction and document formal interpretations of the regulatory reporting instructions as per BCBS guideline

Streamlined reporting workflows and thorough data analysis to identify discrepancies and ensure data accuracy, resulting in increased efficiency and reduced turnaround time for regulatory report preparation and submission for FRY 9C, FFIEC031, FRY 15, FRY 2900 and ensuring compliance with regulatory requirements.

Analyze and implement regulatory reports within AXIOM Controller View, including FFIEC 031/041-Call Reports, FR Y-9C, FRY-15, FRY14Q/M, FR 2052a, FRY2900 and other critical reports required for US regulatory compliance.

Conducted thorough validation and reconciliation processes to ensure the integrity of data submitted through AXIOM for regulatory reporting, ensuring timely and accurate submissions to regulatory authorities.

Citibank, NA – New Jersey 01/2014 – 05/2023

Regulatory Reporting Manager / Risk Analyst/ Mentor

Project: RWA AGGR Actuals Regulatory Reporting, CCAR, Resolution Planning and SLE Reporting, SACCR

Regulatory Reporting is a centralized platform currently caters to generation of regulatory reports for US regulatory reporting (FFIEC 101, FRY9-C HCR Schedule, FFIEC 102, FFIEC 031, FR Y-14Q, and FR 2052a etc.). following the Basel accords & the regulatory requirements.

Supplementary Leverage Ratio (SLR) Reporting solution implementation for Basel III and current for Basel IV for Reporting in Dashboard and Tableau

Responsibilities

Document and execute processes and controls and identify related process or control gaps for calculation aggregation and reporting for OTC Derivatives, SFT, Equity, Securitization and Retail exposure using Standardized and Advanced Approaches, to demonstrate compliance with US Basel III regulation and related supervisory guidance.

Investigating and assessing issues raised by regulators on items reported in FFIEC 101, FFIEC 102, HC-R Schedule for FRY9C and FFIEC 031, FRY 14Q, FRY 14A and FR 2052a schedules related to regulatory submission and work with business.

Leads data profiling and data preparation and perform gap assessment, remediation with EAD, RWA, PFE and qualifying data and validating credit risk methodologies for including obligor and facility risk rating (e.g., PD, LGD, EAD) models.

SLE-SA-CCR Implementation for counterparty credit risk measurement with OTC Derivatives exposure for Potential Future Exposure (PFE), Replacement Cost (RC) for Schedules in FFIEC 101 and Call Report.

Implemented business logic, data lineage mapping and traceability for regulatory reports for monthly, quarterly and annual FED submissions.

Coordination within Risk, Finance, Technology, Operational Risk Management, Compliance and other key partners and provides a unique perspective on data management, process controls and regulatory reporting issues.

Establish the regulatory governance framework by collaborating across including heads of US Compliance Functions, Internal Audit to enhance risk-based metrics’ reporting, through key performance indicators (KPIs) and key risk indicators (KRIs), to help inform and report on both Compliance Risk and Compliance Performance to management

Work with business team and other partners to understand elimination of EUCs (End User Computing) cross report impact, assessment of applicable compensating controls and assessment of issues for potential restatement as required.

Gathering and updating project materials, completing budgeting, forecasting, project documentation, business flows, and lessons learned documents.

New York Life Insurances Co – New York, NY 02/2005 - 01/2014

Architect / Tech Lead / Mentor

Project: Virtual Service Center (VSC) / NYL Framework

Virtual Service Center provides policy owner one stop access to view all policies, make Payments, change address, change beneficiary and provide transaction such as transfer of funds, AAR rebalancing.

VSC is MVC Web based Customer Service application interacting with Mainframe, Oracle, JMS and other legacy applications.

Responsibilities

Responsible for defining project milestones, structure activities, monitor deliverables & promote best practices.

Responsible for designing and developing highly available, scalable common components and business services used by various high-profile applications such as Workflow, Agency Portal, and Virtual Center application.

Requirement analysis, impact analysis and mentoring team in proper usage of Policies and procedure while designing or migrating to new system

This involves reviewing use-cases, documentation, and code / design reviews.

Architected TXFM Application using Spring Java Configuration and Java Persistence Framework myBatis.

Lead the efforts to convert VSC to make use of Java 6 features such as generic, enhanced for loop, annotations & Enums.

Led the effort in integrating Spring Framework and IBatis framework to existing NYL Framework components thereby allowing applications to leverage the functionality provided by both the framework.

Engineered Site Catalyst & Hitbox (an analytical tool) integration to UI framework that allows application to track user's usage.

Verizon Wireless – New Jersey 11/2003 - 02/2005

Sr. Tech Lead

Project: Enhance Data Rater (EDR) Customer Care (ECC) is a system that provides a UI access to authorized personnel in the VZW Customer Care to view usage information, generate adjustments, inquire about in transit records, & terminate subscriptions

Freddie Mac - Virginia 02/2003 - 11/2003

Sr. Security Developer

Project: LPDSS (Loan purchasing & decision support system used to process loans)

BMW of North America – New Jersey 06/2001 - 01/2003

Sr. Developer

Project: Field Management System

New York Mercantile Exchange – New York 09/2000 - 05/2001

Developer

Project: ENYMEX

GE Power Systems – Massachusetts 11/1999 - 08/2000

Developer

Project: Turbine Optimizer

Tata Consultancy Services – Chicago, IL/Mumbai India 05/1997 - 11/1999

Developer

Sarla Technologies – Mumbai, India 06/1994 - 05/1995 Developer

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