Hi, I’m
Davender Babbar
Robbinsville,NJ
Summary
Results oriented multi-faceted financial services leader with transferable experience in Product Management, Solution Architecture, and Program execution, leading strategic initiatives to drive competitive advantage & differentiated solutions. Recognized for problem solving skills and has a proven track record of delivering pragmatic solutions for achieving digital transformation across the organization in alignment with strict timelines to maximize business value via technology integration best practices. Broad range of experience in different business domains including custody, fund services, payment processing, client onboarding, KYC, data analytics, data quality, reference data, equity prime brokerage, risk management, client onboarding, and entitlements management.
Overview
21
years of professional experience
6
Certifications
Work History
JPMorgan Chase
Vice President, Solutions Architect, Consumer Internet Retail Banking Group
Scient Corp.
Managing Director, Solutions Architect and Application Development Mgr
Morgan Stanley & Co.
Technology Lead, Derivative Products Group
Cambridge Technology Partners
Senior Technical Manager
Network Programs, Inc.
Application Developer
JPMorgan Chase
Product Development Manager for Liquidity Solutions & Data Strategy
9 2022 - Current
Job overview
- Global Product Development lead for Off-Balance sheet liquidity solutions for clients across several LoBs including Custody, Agency Lending, Agency Collateral, Equity Prime Brokerage, and Global Clearing
- Leading multi-year transformation program for global off-balance sheet liquidity solutions including Money Market Fund trading via automated sweep as well as client directed trades
- Data strategy and execution lead for data related to Cash, Liquidity, and FX products delivering against a coherent multi-channel strategy.
JPMorgan Chase
Global Product Development Lead for Client On-boarding, Reference Data & Entitlements Securities Services
07.2017 - 08.2022
Job overview
- Managed strategic investment budget of $15 MM per year and influenced additional investment of $15 MM per year, leading transformation programs for client onboarding, streamlining KYC controls, party & account reference data, and entitlements management
- Enhancing accuracy, and efficiency of onboarding via automation to shorten client onboarding cycle time
- Successfully transformed entitlements management for 20+ client facing applications from disparate legacy systems to a common strategic platform
- Integrated with Industry platform 'Saphyre' for digital intake of onboarding instructions from clients
- Developed road map for reference data transformation and made significant progress in the journey.
JPMorgan Chase
Global Product Development Manager for Margin Financing & Risk, Equity Prime Brokerage
02.2011 - 06.2017
Job overview
- As global lead for Margin Financing & Risk product development team developed solutions for hedge fund clients while managing an annual budget of approx
- 10 MM
- Key responsibilities and contributions included: Led development of a cross-product & cross-entity margining solution for portfolios consisting of cash securities, synthetics (swap), Futures & Options, and FX positions
- Managed product enhancements for margin rule changes for non-cleared OTC derivatives
- Liaised with clients, sales, service, legal, risk, operations & technology for requirements and feedback.
JPMorgan Chase
Chief Business Technologist, Firm wide Operational Risk
05.2012 - 06.2013
Job overview
- Led Operational Risk technology group (40-person team across multiple locations) that managed the firm-wide operational risk management platform
- Key accomplishments included: Led an initiative in collaboration with operational risk managers for functional enhancements to the operational risk framework and the technology platform
- Completed fit-for-purpose analysis of the legacy platform and made recommendation for building a new system for Operational Risk management in whole sale bank
- Made urgent changes to the aging platform to extend its life while strategic solution was built.
JPMorgan Chase
Architect & Development Manager, Global Risk Technology
01.2004 - 01.2011
Job overview
- Collateral Management and Legal Documentation group: Responsible for the end-to-end delivery of several credit and market risk applications supporting margining, collateral management, client valuations, capturing legal contract terms, and performing trade netting based on the legal contract terms
- The margin and collateral management applications were used for credit risk mitigation of transactions in non-cleared OTC Derivatives and Traditional Credit Products
- Led Market Data program managing $15MM budget across a suite of applications with a team of 120+ members
- The program provided market data to Market Risk and Credit Risk applications
- It supported a tool set for acquiring daily market data from large number of internal and external sources, maintain history, create indexes, generate curves, generate diagnostic reports, and provide UI based tools for validation and maintenance of the market data
- Architecture and Shared Services group: Responsible for delivery of several shared services including - Business Operations Monitoring and Control (BOMAC), Business Process Management (BPM), Data Access Layer (DAL), Entitlements Service, and Operate Console / Dashboard
- Key contributions in this role included: Development of component-based architecture and overall vision for the shared services
- Established a shared service program and developed a suite of eight service offerings used in Global Risk Technology
- Implemented a Business Process Management (BPM) solution to orchestrate a set of business services to calculate counter party exposure on a daily basis under tight SLA.
Education
The Ohio State UniversityOhio, OH
Ph.D. Computer and Information Science
The Ohio State UniversityOhio, OH
M.S. Computer and Information Science
Indian Institute of Technology, IIT-BHUUP, India
B.Tech. Electrical Engineering
Skills
Product Management
Certification
AWS Solutions Architect_Associate
Timeline
Global Product Development Lead for Client On-boarding, Reference Data & Entitlements Securities Services
JPMorgan Chase
07.2017 - 08.2022
Chief Business Technologist, Firm wide Operational Risk
JPMorgan Chase
05.2012 - 06.2013
Global Product Development Manager for Margin Financing & Risk, Equity Prime Brokerage
JPMorgan Chase
02.2011 - 06.2017
Architect & Development Manager, Global Risk Technology
JPMorgan Chase
01.2004 - 01.2011
Vice President, Solutions Architect, Consumer Internet Retail Banking Group
JPMorgan Chase
Managing Director, Solutions Architect and Application Development Mgr
Scient Corp.
Technology Lead, Derivative Products Group
Morgan Stanley & Co.
Senior Technical Manager
Cambridge Technology Partners
Application Developer
Network Programs, Inc.
Product Development Manager for Liquidity Solutions & Data Strategy
JPMorgan Chase
9 2022 - Current
The Ohio State University
Ph.D. Computer and Information Science
The Ohio State University
M.S. Computer and Information Science
Indian Institute of Technology, IIT-BHU
B.Tech. Electrical Engineering
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