Risk Management Project

Ram Kolluri

* ****** *****, ********, ** *****; 609-***-**** (H) 609-***-**** (C); Email: ad5m49@r.postjobfree.com

SUMMARY:

Global Investment Operations and Administration professional with over 18 years of diversified experience in Middle and Back Office Operations, Investment Accounting, Global Custody and Operational Risk Management including Cash Management, Collateral Management across Global Equity and Fixed Income products, which include Structured Securities(MBS, ABS, CMBS) and Derivatives, and Foreign Exchange operations; proven record of working proactively with clients and business partners; strong people, process and project management skills.

AREAS OF EXPERTISE:

Global Trading Operations: Trade processing and confirmation from front to back-end with daily trading volume of over $1 Billion, P&L reporting, cash and fail trade management for institutional accounts (mutual funds, hedge funds and separately managed accounts). Strong knowledge of Charles River Trading System, Bloomberg, ALERT, FXALL, SEI Trust System,

GWP (SEI), Global Plus (SunGard) and Aladdin (Black Rock).

Corporate Actions: Voluntary (Tender & Exchange Offers, DRIPS, Rights, Subscriptions), Mandatory (ROC, Splits, Conversion, Bonus Issues, Mergers, Spin-offs, Warrants &Rights).

Collateral Management: Movement of collateral for long and short funds including derivatives.

Global Settlements: Fed/DTC, Euroclear, Clearstream, Crest and local markets. Risk associated with claims including TMPG.

Network Management: Inform investment teams of changes, ensure proper documentation and SSI are in place for FX executions and withholding tax processing in over 50 countries, management of risk at the time of conversion. Maintain relationships with various sub custodians /global custodians. Knowledge of 17f5 and 17f7.

Cash &Foreign Exchange Management Operations: Settlement and Clearance of Spot and Forward contracts, confirmation, netting and cash movements via SWIFT, Fed wire, CLS, DTCC, CHIPS and ACH; process control enhancements.

Operational Risk Management: Cash and position reconciliation, Management of TBA Pools, netting, notional values, 48 hour notification, assignments, trade compliance, coordination of functions with internal and external auditors, interaction with IT group to improve STP efficiency through automation to manage risk.

Derivatives Operations: Swaps, futures, options.

Securities Borrowing and Lending: Coordination with internal trading desk, Prime Brokers and external finders to locate securities and avoid buy-ins, negotiation of rebates and fees.

Investment Accounting: Currency exposure, income and expense accruals, pricing and performance measurement.

Vendor (TPA) Management: Fund administrators, custodians, fee schedule negotiation and vendor search and selection.

Metrics Management: Point person for all operational issues pertaining to the firm’s investment activities, implementation of cost control measures to achieve budgetary goals, provision of monthly metrics to senior management.

Management: Oversight of all departmental processes and procedures to ensure functions are performed in a timely and accurate manner; coordination of coverage and cross-training within team members, and development of future talent in securities operations.

PROFESSIONAL EXPERIENCE:

Track record includes the following accomplishments:

Redefined processes and internal controls which markedly reduced failed trades from over 7% to < 0.5%.

Streamlined foreign exchange process to reduce overdrafts and counterparty claims.

Reduced write-offs by over 99%.

Reduced bank and other 3rd party charges dramatically from 25% to < 0.25% by consistent volume increases.

Increased revenues by over 25% annually in co-ordination with sales and product groups.

Lowered vendor fees by over 30% through re-negotiations.

Directed a high profile project group to map specifications and implement appropriate systems and solutions including STP and Automated Reconciliation of cash and security holdings. This resulted in efficient trade processing with minimum manual intervention which significantly reduced costs and minimized risk.

AFLAC Global Investments, New York, NY Feb 2013 – Feb 2024

Asst. Vice-President- Middle Office Operations

Responsible for global fixed income, Bank Loans and derivatives trade processing, settlements and corporate actions.

Provide daily investable cash to Traders.

Perform daily position, cash and static data reconciliation.

Manage daily collateral movements and valuations.

Interact and co-ordinate with Investment Accounting, Audit, Risk, Compliance and legal departments.

Involved in vendor selection and UAT of trading systems.

Oakbrook Solutions, Philadelphia, PA Jun 2010 to Apr 2012

Consultant- SEI Investments

Identified issues and recommended solutions to reduce risk for middle office and custody services for Wealth Management Services.

Developed risk control matrix for corporate actions (mandatory & voluntary) and income groups.

Consultant – BNY Mellon, Global Custody Operations

Identify issues, formulate and implement recommendations / solutions to reduce operational risk in all functional areas, specifically counter party and settlement risk, foreign currency exposure, position reconciliation, corporate actions, account documentation, order management and trade delivery processes.

Developed risk controls matrix for efficient processing

Interact with clients, sub-custodians and technology as needed.

Aberdeen Asset Management, Philadelphia, PA Apr 2007 to May 2010

Manager - Middle Office Operations

Oversaw daily trading operations with turnover of $1 Billion (Fixed Income, Equities & Derivatives).

Managed daily cash management and foreign currency exposure.

Oversaw automated cash and position reconciliation for over 100 accounts.

Managed corporate actions (mandatory & voluntary), income and withholding tax processing groups.

Oversaw all pre and post - trade compliance, order management and trade delivery process.

Managed counter party and settlement risk process for both domestic and international trading in over 50 countries.

Collaborated with IT to improve the quality of service and Straight Through Processing (STP) goals.

Participated in various vendor selection committees.

Managed static data team and update Security Master File.

Reviewed departmental processes and procedures and developed ways to improve efficiency while reducing risk.

Managed different global custodial relationships.

Managed department’s budgetary goals.

Point person for all operational issues pertaining to the firm’s global investment activities.

Provided leadership and management to the team and developed future talent for securities operations.

Alliance Bernstein, White Plains / New York, NY Feb 2007 to Apr 2007

Asst. Vice-President-Internal Audit

Responsible for evaluating audit & risk assessment issues for investment funds.

Wachovia Bank, Philadelphia, PA 2002 to 2006

Vice-President - Global Custody Operations

Managed day-to-day activities of several major securities functions (Equities, Fixed Income, and Derivatives).

Oversaw daily cash management and foreign currency exposure; ensured all cash and trade exceptions were cleared within three business days.

Managed corporate actions (mandatory & voluntary) groups.

Liaised with investment managers, traders and sub-custodians.

Oversaw trade processing and settlement activities in global markets for over 5000 transactions monthly valued at over $3 billion.

Coordinated with fund accounting for proper and timely valuation of portfolios.

Worked aggressively with sales and the portfolio transition team to increase revenue in line with departmental goals.

Continuously interacted and strategized with the IT department to improve work flows.

Recommended risk management strategies and provided updates on the status of ongoing projects to senior management.

Provided leadership and management to the team and developed future talent for securities operations.

Federated Global Investment Management, New York, NY 2000 to 2002

Assistant Vice-President - Global Investment Operations

First Union National Bank, Philadelphia, PA 1996 to 2000

Assistant Vice-President - Global Custody Operations

Highbridge Capital Management Company, New York, NY 1994 to 1996

Manager - Global Investment Operations

Sheffield Management ( Blanchard Group of Funds), New York, NY 1987 to 1994

Assistant Manager - Investment Operations

Panache Management Consulting, New York, NY 1987

Consultant- Citibank Global Custody Operations

EDUCATION:

M.B.A. - Hampton University, Hampton, VA

Bachelor of Science - Accounting, Osmania University, India

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