Amruta Deshpande
Charlotte,United States
Summary
Financial professional with 9+years of experience within the investment banking industry in areas of risk and control, collateral management and trade life cycle events. Areas of strength include providing comprehensive analysis for a range of business needs and building solid relationships throughout all levels of an organization. Client engagement and coordination with various senior stakeholders to understand project requirements and implement solutions.
Overview
12
12
years of professional experience
Work History
Senior Business Execution Consultant
Wells Fargo (Aston Carter)
05.2023 - Current
- Project: Risk and Control Self Assessment
- Control Review and Assessment. -Understanding of Risk and control framework. - RSCA - Facilitations, project coordination, etc - Working in RCSA Workshops from readiness to affirmation.
- Thorough understanding of banking laws, regulation, and policies.
- Sound knowledge of Banking Operations and related operational risk areas & control mechanism.
- Ability to communicate effectively, in both written and verbal formats, with senior executive-level leaders.
- Knowledge and understanding of Shared Risk Platform (SHRP) such as reporting and issue management.
- Experience in processing Business Environment Change Triggers.
- Proven experience with control evaluation, design, and performance.
Senior Analyst
Barclays Global Service Center
05.2021 - 08.2022
- Project- Portfolio Reconciliation
- Portfolio Reconciliation team is responsible for ensuring the reconciliation of positions is accurate and any discrepancy is resolved in a timely manner
- In addition, the team provides critical valuation reporting to select clients for the positions they hold with Barclays across multiple products.
- Liaising with counter parties, custody and middle office to resolve economic breaks and include the missing positions.
- Responsible for monthly reporting to regulators in line with EMIR requirements.
- To review CSA level / trade level disputes and providing a clear status to allow next steps for resolution to be determined.
Compliance and Operational Risk Specialist
UBS Business Solutions
07.2016 - 05.2018
- Project - Compliance and Operational Risk Control Monitoring and Oversight
- Planned and framed controls concerning risk concerning to risk related to regulated activities carried out by the bank's staff.
- Ensured that the staff understands the policies and regulatory requirements by answering firm wide enquiries related to compliance, legal and risk via a designed ticketing tool
- For e.g
- Advising them about the rules and regulations applicable to them based on their role for investing in funds, stock etc
- Or if they needed a license to advise a client in a particular region.
- Tested the updates made to the ticketing system and reported defects to the development team.
- Maintained the team's knowledge base in the system by adding or updating the FAQs.
- Approved or rejected investment or external positions applications in accordance with the relevant policy in place by evaluating the risk and identifying any conflict of interest with regards to the disclosure
- Helped in recruiting and training new staff on the team process and procedures.
Financial Analyst
DBOI Global Services Private Ltd
06.2015 - 07.2016
- Project - Collateral Management
- Managing collateral for the US markets.
- Determine collateral to be pledged based on trade value and CSA clauses with a counterparty.
- Liaise with the Client, Desk, Sales team, Legal, Portfolio Reconciliation teams and other departments to resolve Tri party cash and position outstanding breaks.
- Settlement of daily payments instructed to custody.
- Trade support and Asset servicing, Trade support and Trade entry, Interfaced trade entry & Manual trade entry
- Cash transfers, Asset transfers, Initial posting of trade.
- Contributed to the specification and testing of improvements for all systems and processes including UAT testing for a newly launched platform Aladdin.
Senior Analyst
EClerx India Pvt.
03.2012 - 05.2015
- Project: Confirmation Drafting and Trade review
- Reconciliation of paper confirmations and resolving discrepancies in trade parameters via query with the middle office and sales teams.
- Successfully handled and streamlined a critical, time-bound process of reconciliation and matching deposit and FX options- Swift confirmations on Intellimatch.
- Drafting of ISDA confirmations for product type- Non Deliverable Forward and Foreign Exchange
- And liaising with credit risk team to update credit risk parameters in confirmation.
- Performing checks on economic details in booking and confirmation with the trade booking system to avoid future discrepancies Timely affirmation and confirmations of the deals to meet the requirements of Basel 3 regulatory requirements.
- Liaising with affirmation team members for amendments in confirmation and timely settlement of deals.
- Subject Matter Expert for a process of drafting ISDA confirmation for Non Deliverable Forward product type.
- Generating weekly, monthly and quarterly business review matrices with and presenting the same to the stakeholders.
Education
Deep Dive into Equity Swaps -
Udemy
04.2023
Interest Rate Swap: Structure, Pricing and Risk Management -
Udemy
04.2023
Operational Risks Management ORM -
Udemy
03.2023
MBA -
University of Pune
01.2011
Bachelor of Science -
Nowrosjee Wadia College
06.2008
Skills
- Financial Reporting
- Microsoft Excel
- OTC Derivatives
- Collateral Management
- Employee Conduct Risk
- ISDA
- CSA
- Capital Markets
- Fixed Income Investing
- Mailbox Management
- Risk management
- Control Management
- Effective Communication
Accomplishments
- Planned and framed controls concerning to risk and regulated activities carried out by the (UBS) bank's staff.
- A key member of the team who successfully transitioned OTC drafting process from Singapore location of the client Barclays Bank to Pune location of Eclerx.
- Received quarterly best idea reward for the idea to match Swift confirmations through Imatch which reduced 80% of execution time for a time-bound critical process.
- Worked upon a quality improvement project for which I received the best business process improvement award.
- Proposed and worked on a lean project on the drafting process which led to savings of ~ 1 FTE
Personal Information
- Title: Financial Analyst
- Marital Status: Married
- Work Permit: H4 EAD
Timeline
Senior Business Execution Consultant
Wells Fargo (Aston Carter)
05.2023 - Current
Senior Analyst
Barclays Global Service Center
05.2021 - 08.2022
Compliance and Operational Risk Specialist
UBS Business Solutions
07.2016 - 05.2018
Financial Analyst
DBOI Global Services Private Ltd
06.2015 - 07.2016
Senior Analyst
EClerx India Pvt.
03.2012 - 05.2015
Deep Dive into Equity Swaps -
Udemy
Interest Rate Swap: Structure, Pricing and Risk Management -
Udemy
Operational Risks Management ORM -
Udemy
MBA -
University of Pune
Bachelor of Science -
Nowrosjee Wadia College
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