Rajesh Nalloorkalam

Rajesh Nalloorkalam
Flat # SA-202, Sriram Surabhi, Mallasandra,
Uttarahalli Hobli, Off Kanakapura Road, Bangalore-109
Mobile # : 09930767977
Mail Id: mail2rajeshmenon@yahoo.com

Over 16 years of experience in Finance operations and Project management, catering to Investment Banking and Retail banking. Possess expertise in pnl production, risk analysis & attribution, balance sheet reviews, transition & project management, operational risk management, cost accounting, managing reconciliations for general ledger & sub-ledger accounts, people management along with project planning & execution.

Experience in finance related process mapping and transition of pnl process. Have handled hundred plus on-site transitions, thirty plus offshore migrations and reviews till date.

Key strengths are people & project management, product control, risk management with strong analytical and planning skills. A self-starter, fast learner, process focused and a result oriented person with proven track record.

Professional Experience: -

Credit Suisse Business Analytics India Pvt Ltd, Mumbai from Jun-2015 till Mar-2016:- Worked as Vice President, Operational Risk Management & Reporting. Managing a team of 32 Operational Risk Professionals and was responsible for:-
 Operational Risk Management and Reporting: - Measuring, monitoring and reporting the firm’s operational risk position across IB & PB world, spanning across various businesses and trading strategies. Recommending the firm’s operational risk tolerances to senior management, determining the size and composition of department/division’s operational risk according to BASEL category. Managing and deploying operational risk policies and practices.
 Regulatory Management: - Engaging with various regulators (PRA/JFSA/FINMA, SEC, FRB etc). Basel III/CRD IV etc for operational risk report submission and to meet regulatory requirements.
 Project Management: - Application & data testing to roll out risk systems enhancement, data migration, processes and data feeds cleansing. Contributing to various tactical/strategic and initiatives to meet regulatory requirements.

Barclays Shared Services Pvt Ltd, Chennai from Feb-2014 till Nov-2014: - Worked in the capacity of Vice President and Head of Prime Services – Cash product control domain [APAC & EMEA].
 Responsibilities spanning across process transition and operational management of pnl process.
 Review & trending analysis of prime cash pnl’s along with risk assessment & reporting.
 Financial controlling mainly implies with verification of business balance sheet and month end reporting.
 Review and reconciliations of trading activities for cash & positions details.
 Monthly review of the P&L/ balance sheet and substantiation of balances on a monthly basis.
 Management reporting on key performance Indicators (including month end reporting ) and preparation /distribution of board packs.
 Finalization of Treasury pnl and forex sell –off process during month-end.
 Liaison with trading desk, valuations control, front-office support, operations and global Reporting, to discuss and resolve adhoc issues concerning trade bookings, valuations, new trades, buy&hold trades and trading strategies.


Deutsche Bank Group, Bangalore from October 2012 till Feb 2014: –Worked as Assistant Vice President for Bangalore Debt Product Control. Responsibilities spanning across migration and operational management of 3 business streams and 17 member team. [European Credit Trading, Structured Credit Trading and GRS]. My assignments were:-


 Calculation of daily pnl, reconciliation of trader estimate with pnl generated, conducting sensitivity analysis, analysis of Risk for FI desk, Modification/New business analysis and trader reporting.
 Commentary evaluations on PnL swing and evaluate the sensitivity of credit, interest rate movements and default exposure.
 Strategized the creation of core excellence in product control domain expertise.
 Worked on a transformation & consolidation projects, identification of NVA’s.
 Supported DB Bangalore in formation/evolution of product control domain with apt operating /control framework design.
 Led and took the end to end responsibility for process due diligence, process documentations, transition governance, risk assessment & mitigation plan with solutioning methodology of pnl transition process.
 Devised internal controls and risk bucketing measures from risk management perspective.


Cognizant Technology Solutions (I) Pvt Ltd from August 2010 till Oct 2012: - Worked as Deputy General Manager and head of APAC product control team for UBS Treasury Division through Cognizant technologies solution Hyderabad. Role Exposure: Lead a team of 50 FTE’s, which includes Service Delivery Manager, Team Manager, Team Leaders, SME’s, SPE ‘s, and Process executives and was responsible for :

 Reviewing daily adjustments of MTM pnl and providing commentaries on the fixed income exposures owing to expected & unexpected yield change.
 Reviewing daily mark to market trade position across Fixed Income Products viz: Bonds, Futures, Swaps, CDS and Commodities.
 Financial control implies mainly on verification of business balance sheet and month end reporting
 Product control includes testing and determination of reserve requirements, Adhoc modeling investigation and analysis of specific trends and pnl issues.
 Conducting Delta and Vega analysis and identifying unexplained change in price of fixed income products.
 Validation of month-end charges, the corresponding P&L adjustments and reporting of month-end/ YTD P&L’s, with supporting commentary
 Preparation and review of monthly balance sheet, with substantiation and reserve analysis.
 Review and closure of all balance sheet accounts as per the GBSOV policy – all RED balances are reviewed with action plan.
 Additional finance responsibilities which includes :-
• Monitoring and review of actual v/s budgeted on all financial & non-financial parameters of various finance transitioning projects.
• Conducting variance analysis, ongoing process constraint analyses and recommending counteractive pricing reports to senior management.


Deutsche Bank Group, Mumbai from November 2006 till August 2010: – Worked as Manager for MICS [Market and Information Control System], responsibilities spanning migration and operational management of Structured and Integrated Credit Trading business, Emerging Market P/L, Commodities Market P/L and Flow syndicate PnL

Role Exposure: Lead a team of 24 FTE’s, which includes Analyst, Senior Analyst and was responsible for

 Performance reporting which includes preparation and reporting of PnL along with commentary analysis and PnL attribution
 Risk reporting, which includes analysis, and reporting of risk sensitiveness of financial products.
 Daily PnL production and analysis of Risk for the Structured Credit Trading Desk.
 Calculation of the various Greeks (Delta & Gamma) on sensitive trades and trades with high CR.
 Conducting sensitivity analysis, this involves calculations of IR Delta/CSO1 Delta based on the movements in Interest Rate/Yield Curves and the Credit Spreads.
 New deal analysis, which involves trade specific valuation/attribution analysis.
 To ensure all Bonds, Swaps and CDS are properly priced. Proper check if all the trades are in line with the Banks risk policies and whether the trades are adequately hedged, before finalizing the PnL and Risk for the sector.


American Express (I) Pvt Ltd: F.C-East New Delhi May 2003 till October 2006: -
Worked in a fully owned Subsidiary of American Express as a Team Member in Global Accounts Reconciliation Team supporting Europe, Middle East and African regions. This center acts as a financial center for Europe, Middle East, and African Regions and for Latin American regions. Company being the pioneers in banking/travel related services and key players in credit card business, internationally offers highest standards of quality to its customers by adopting and implementing six sigma methodologies. They are also into financial advisory services and real estate business. The assignments were:

 Reconciliation, research and clearance of bank accounts, travel accounts, implement accounting, foreign card member remittances of representative regions.
 Handling reconciliation’s for bank accounts, GL accounts, sub-ledger accounts, Inter-company accounts, and TBV accounts for the entire Europe, Middle East and African region. Generating monthly reports on the basis of open items and CDF analysis on the status of bank accounts for EMEA region.
 Responsible for maintaining rating of accounts in accordance with bank reconciliation policy and monitoring periodical status of rated accounts.
 Preparing MIS reports for the purpose of generating performance review status of various accounts.
 Root cause analysis for slippage of accounting items, outstanding adjustment items, and suspected banking transactions. Reviewing client deliverable’s for quality and technical accuracy.
 Successfully completed Six Sigma Green Belt Training. Led a team with four team members (from an SME perspective), which automated TBV Accounts to TBV-M accounts thereby gaining efficiency save of 4.5 FTE’s.


EXL Service (I) Pvt Ltd (August 26th 2002 to March 28th 2003):
Worked as Financial Analyst, managing finance and operations of a 100% US holding Company M/s EXL Inc fully owned by FT VENTURES AND OAKHILL PARTNERS Inc, one of the America’s largest sources for insurance, investments and lending products through its subsidiaries and a nation wide network of distributions. The assignments were:

 Part of a project team for reducing errors to achieve six sigma level, doing various query reviews, root cause analysis and feasibility analysis.
 Being part of various audit discussions and prepared executive summary reports. Dealing with lapsed/surrendered policies and analyzing the financial impacts.


Sundarlam Industries, Bangalore (May 25th 1999 to July 15th 2002):
Worked as Accounts Assistant in Sundarlam Industries Bangalore and the assignments were:

 Assisting statutory and internal auditors in smooth completion of auditing process. Ascertainment of operational cost at various levels of production and checking purchase requisition at regular intervals.
 Analyzing actual manufacturing cost, preparing periodic reports and comparing standard to actual production cost.
 Planning, analyzing and reviewing data, to determine cost of business activities such as raw material purchases, Inventory and labour.
 Reporting of breakeven sales on product wise, budgeting on marketing expenditures and rate recommendations.
 Preparing monthly MIS reports for the inflow (collection) of funds and outflow of funds (redemption), to tap markets potential.
 Liaising with brokers/custodians for the sales/purchase of raw material/finished goods and coordinating with banks for movements of funds across various branches.
 Verification of invoices and management of quotations, fixing the monitory limits in consultation with various HODS’.


Educational Qualification: -

 Bachelor’s Degree in commerce from University of Calicut.
 PGDBA (Financial Management) from ICFAI University.


Professional Qualification:-

 Diploma in Management from “The Institute of Chartered Financial Analysts of India University, Sikkim”, India.
 Diploma in Software Technology from CMC Ltd.
 Advance Diploma in Software Technology from CMC Ltd.
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Date : 03-Aug-2016
Place: Bangalore Rajesh Nalloorkalam