Pragnesh Patel
Summary
Highly analytical and results-driven Assistant Vice President – Treasury with more than ten years of experience in liquidity management, risk mitigation, and treasury operations. Expertise in managing corporate cash flow, optimizing funding strategies, and ensuring compliance with global regulatory frameworks such as Basel III, LCR, and NSFR.
Overview
14
14
years of professional experience
1
1
Certification
Work History
Senior Treasury Analyst
National Bank of Kuwait
New York, NY
07.2023 - Current
- Managed an $8 billion Yankee Certificate of Deposit (YCD) program, overseeing an outstanding balance of $4.5 billion.
- Oversaw $1 billion in time deposits and $3 billion in overnight deposits, ensuring optimal liquidity management and risk mitigation.
- Prepared and published the daily market run, ensuring accurate and timely execution of liquidity strategies.
- Engaged with brokers to negotiate competitive rates and successfully rollover maturing liabilities, optimizing funding costs.
- Monitored market conditions and firm liquidity, making strategic adjustments to daily market operations to enhance efficiency.
- Accepted CCY deposits and executed FX arbitrage, capitalizing on market opportunities to generate additional revenue.
- Analyzed interest rate risk exposure and implemented hedging strategies to mitigate financial risks and protect firm profitability.
- Assisted in developing liquidity risk frameworks and short-term funding strategies.
- Conducted financial modeling and forecasting for liquidity planning and capital management.
- Oversaw daily cash flow operations, reconciliations, and investment positioning.
Treasury Analyst
National Bank of Kuwait
New York, USA
08.2021 - 07.2023
- Maintain the operation flow of the Money Market and Fixed Income activities, including ticket processing, position checks, and reconciliation with Treasury Operations
- Maintain the operation flow of Foreign Exchange activities, including ticket processing, position checks, P & L reporting and reconciliation with Treasury Operation
- Work with other Treasury staff to ensure completion of internal and external reports
- Work with Treasury Back Office to ensure all tickets and other work flow is complete and accurate
- Maintain counterparty files to ensure all documents are current and periodic reviews are submitted in timely manner
- Managed daily liquidity and funding operations, ensuring optimal cash positioning and risk mitigation.
- Developed and executed liquidity management strategies to maximize cash flow efficiency
- Collaborated with treasury, finance, and investment teams to align cash management strategies with corporate objectives.
- Adhere to all pertinent laws and regulations in regard to Anti-Money Laundering (AML), Office of Foreign Assets Control (OFAC), Bank Secrecy Act (BSA) and USA Patriot Act (USAPA) as well as all bank policy and procedures governing same
Treasury Analyst
Banco Estado De Chile
New York, USA
11.2016 - 03.2021
- Undertake daily review of trades executed by Front office, which includes a variety of products, including fixed income, derivatives, forex trades and trades on behalf of client portfolio
- Monitor entire trade lifecycle from Front office to back office
- Provide support regarding trade instructions, corporate actions & coordinate with Front office and Back office to address trade related inquiries and issues
- Monitor regulatory & internal limits throughout the business day to maintain compliance (International Banking Facility Limit, YCD Program Limit, commercial paper Legal Lending Limit)
- Swap Portfolio Valuation
- Update rate resets in systems
- Month End Reconciliation of Custodial Account, Asset Pledge Account, DDA Accounts
- Provides necessary documents/ information for FDIC, NYFDS Audit
- Confirm all trades via Bloomberg/telephone
- Prepare Asset & Liability (ALCO), Directive Committee Power Point Presentation for Management
Treasury Analyst
Bank of Baroda
New York, USA
11.2010 - 11.2016
- Execute Forex Trades on behalf of Clients
- Record Journal entries and maintained the general ledger
- Process swift Messages Payments (MT 200/MT 202/MT 103)
- Manage all swift messages (Incoming & Outgoing)
- Provide Technical Support for all Fund transfer related applications
- Maintain daily debt report showing outstanding loans/ borrowings, and future swap hedge payments
- Prepare KYC report of High/Medium/ Low risk DDA accounts as per compliance policy
- Prepared entries for monthly cash transactions and banking fees, Checking & payment of Brokerage Invoice
- Assist with reviewing OFAC alerts and all hits on screening systems (PRIME compliance suites)
- Record retention in digital as well as in physical form
- Analyzed applicants' financial status, credit and property evaluation to determine feasibility of granting loan
Education
MBA - Finance
St. John's University
Jamaica, NY12-2015
Skills
- Budgeting and planning
- Cash management
- Forecasting accuracy
- Bank relationship management
- Cash flow forecasting
- Investment strategies
- Interest rate risk management
- Liquidity management
- Capital markets
- Liability management
- Financial and operational reporting
- Data interpretation
Certification
- BMC Issued By Bloomberg LP
- Passed CFA LEVEL 1.
Timeline
Senior Treasury Analyst
National Bank of Kuwait
07.2023 - Current
Treasury Analyst
National Bank of Kuwait
08.2021 - 07.2023
Treasury Analyst
Banco Estado De Chile
11.2016 - 03.2021
Treasury Analyst
Bank of Baroda
11.2010 - 11.2016
MBA - Finance
St. John's University
Similar Profiles
Mohammad AlshattiMohammad Alshatti
Communication Manager - Marketing at Weyay Bank - By National Bank Of KuwaitCommunication Manager - Marketing at Weyay Bank - By National Bank Of Kuwait
Jubin Madappattu JacobJubin Madappattu Jacob
Manager, Management Accounting, Group Finance at National Bank of KuwaitManager, Management Accounting, Group Finance at National Bank of Kuwait
Jeelan KhajahJeelan Khajah
Process and Capacity Senior Analyst at National Bank Of KuwaitProcess and Capacity Senior Analyst at National Bank Of Kuwait