Sonali Kaushal
New York,NY
Summary
Focused & detail-oriented business analyst & Project Manager with 10+ years of experience to efficiently deliver solutions to business problems with OTC derivative products trading and valuations for internal as well as external clients. Having worked directly with trading desks, middle office & cross-IT teams has helped polish formulating business improvement strategies, overseeing new technology and system implementation along with prioritizing, completing multiple projects simultaneously to satisfy fast-paced environments with last-minute changes & regulatory projects.
Overview
15
15
years of professional experience
Work History
Business Analyst/ Project Manager - OTC Derivatives & Structured Products
Nomura America Services LLC
12.2020 - Current
- Analyzed daily production issues for OTC derivatives and structured products traded & booked in the system.
- Managed the agile software development for Euclid - Trading/Risk Management application to reduce operational risk for Middle Office & increase revenue for the trading desks
- Evaluated existing business processes to identify areas of improvement and translated user requirements into actionable items in BRD & jira tickets
- Conducted UAT & gathered feedback from end users on new enhancements & fixes
- Managed projects, led meetings and served as primary liaison between developers and multiple internal groups to define requirements and meet deadlines.
- Oversaw product’s trade lifecycle events, corporate actions, cash flows, P&L valuation, FX PnL, and interactions with general ledger & margin systems
- Developed new risk sensitivities, stress scenarios, and FX exposure diagnostics for market risk teams
- Diagnosed valuation/risk discrepancies using database schemas and SQL
- Collaborated with developers on C# and Java for application enhancements
- Managed XML and JSON product feeds for downstream systems
- Developed LIBOR transition to alternate risk-free rates bulk tool for regulatory compliance
- Implemented T+1 settlement cycle changes for swap positions.
Senior Business Analyst – Syndicate Loans
Smart IT Frame (Client: Wells Fargo)
10.2020 - 12.2020
- Provided business support for syndicate loan process enhancements and documented test cases for validating system functionality
- Developed detailed project plans outlining tasks in jira tickets, deadlines and resources needed for successful implementation of projects.
- Analyzed impact of new developments on downstream systems
Lead Product Analyst– Derivatives Instrument Engineering
BNY Mellon
08.2018 - 10.2020
- Acted as technical and functional SME for Eagle accounting software
- Participated in agile product delivery, including requirement gathering, BRD creation, and user stories
- Developed new functionalities and provided support and testing in various environments
- Worked with SQL queries and database tables for data extraction and validation
- Valued and modeled various OTC & listed derivative instruments using Eagle product suite and Bloomberg
- Calculated notional exposure and daily performance measurement for derivative instruments
- Provided global support for Eagle accounting software and trained cross-functional teams
- Managed IFRS/US GAAP/GIPS compliance and treatment of expected credit loss
- Administered bugs in Test-track and Jira and provided client support for trade lifecycle management
- Successfully lead the project on negative price futures & interest rates & LIBOR transition
Business Analyst- Derivatives Trading & Portfolio Management
Karvy Stock Broking Ltd
09.2011 - 07.2013
- Managed wealth portfolios, including construction, stock selection, and trade execution
- Generated trade reconciliation and margin call reports using SQL
- Traded and hedged equity, futures, and options derivatives
- Developed financial models and industry databases
- Incorporated Monte Carlo simulations for portfolio risk evaluation
- Managed risk for margin requirements of open positions and monitored settlement cycles
- Trained interns.
Business Analyst - Derivatives Trading & Portfolio Management
Kotak Securities Ltd
04.2010 - 09.2011
- Conducted equity research and strategic/tactical portfolio rebalancing for wealth management
- Generated client reports and managed risk through derivatives strategies along with sensitivity analysis, probability risk assessment, variance & trend analysis
- Contributed to pitch book presentations, attribution & performance reports for clients
- Analyzed equity charts using technical software like Spider IRIS, Falcon and Bloomberg
Equity & Derivatives Trader
Sharekhan Ltd.
07.2009 - 03.2010
- Constructed and periodically rebalanced investment portfolios
- Analyzed financial data and market trends
- Advised clients on stock picks using technical and fundamental analysis
- Executed trades using NEAT and Trade Tiger trading software.
Education
CFA Level I and II -
CFA Institute
03-2016
MBA - Finance
MIT, University of Pune
06-2009
Bachelor of Commerce - Finance & Business Administration
University of Pune
04-2006
Skills
- Trade Lifecycle & Valuation: OTC Derivatives: Swaps (Equity, Index, Portfolio, Basket, Convertible Bonds, Interest Rate, FX, Currency, Warrants), Structured Products (Knockouts/ins, Accumus/Decums, Barrier Options), Exotic Options, Fixed Income (Bonds, Convertible Bonds)
- Software Development Life Cycle (SDLC): Order/Trade Management Systems, Risk Management, Greeks & stresses, Trade Reconciliation, Performance Measurement, and Trading Order Management Applications (Euclid, Eagle STAR, Eagle Enrichment, TLM, Nuvo Prime)
- Business Analysis/Project Management Tools: Jira, Confluence, Kanban Tool, Scrum Board, Gantt Charts, MS Visio (Modeling, Wireframing, Data Visualization), Bloomberg
- Technical Skills: SQL, Bloomberg Query Language (BQL), Bloomberg APIs, Advanced Excel, Quantitative Valuation Models, VBA, Macros, Quantitative Valuation Models
Timeline
Business Analyst/ Project Manager - OTC Derivatives & Structured Products
Nomura America Services LLC
12.2020 - Current
Senior Business Analyst – Syndicate Loans
Smart IT Frame (Client: Wells Fargo)
10.2020 - 12.2020
Lead Product Analyst– Derivatives Instrument Engineering
BNY Mellon
08.2018 - 10.2020
Business Analyst- Derivatives Trading & Portfolio Management
Karvy Stock Broking Ltd
09.2011 - 07.2013
Business Analyst - Derivatives Trading & Portfolio Management
Kotak Securities Ltd
04.2010 - 09.2011
Equity & Derivatives Trader
Sharekhan Ltd.
07.2009 - 03.2010
CFA Level I and II -
CFA Institute
MBA - Finance
MIT, University of Pune
Bachelor of Commerce - Finance & Business Administration
University of Pune
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