Sujal Popat
Summary
Senior technology leader with extensive experience in developing strategic direction, transformation and service delivery of complex information technologies including mission critical data and business applications. Unique blend of business understanding, technology knowledge and managerial maturity in a highly focused Financial Services sector. Successful at managing complex changes affecting multiple systems and environments. Strong history in the financial services industry with over thirty years experience in all aspects of financial product development in all financial products including front office trading systems, middle & back office processing and client management information services. Actively involved in recruiting, training, mentoring and diversity programs. A loyal and thorough individual with strong communication, interpersonal skills and very customer focused.
Overview
30
30
years of professional experience
1
1
Certification
Work History
Senior Director IT Application Development
Bank Of New York Mellon, Pershing
01.2016 - Current
- Spearheaded management of diverse middle and back-office application development teams, overseeing critical areas including Client Onboarding, Clearance & Settlement, Custody, and Corporate Actions.
- Implemented cutting-edge re-engineering initiatives utilizing state-of-the-art techniques such as multi-threading and real-time calculation of Cost Basis processing.
- Led successful elimination of legacy applications on Mainframe infrastructure, resulting in annual savings exceeding $2M.
- Undertook comprehensive re-engineering efforts for multiple legacy applications within managed areas, enhancing competitiveness in the market and significantly reducing maintenance costs while eliminating Mainframe footprint.
- Revamped operational plans to refocus staff and align processes with business objectives.
- Championed continuous improvement initiatives to drive operational excellence within the organization.
VP, IB Technology
JP Morgan Chase
08.2007 - 01.2016
- Pioneered the establishment of technology teams across multiple regions, assembling them from inception to develop a strategic Client Onboarding tool for a Global Investment Bank.
- Orchestrated global delivery of Strategic Global Investment Banking (IB) Client Onboarding application, overseeing retirement of regional tactical solutions.
- Directed and project-managed diverse global teams, including external offshore vendor delivery team.
- Established partnerships and governance structures with senior business sponsors across key regions.
- Spearheaded collaboration with Account Reference technology team to streamline Investment Banking databases.
- Managed budgets, forecasts, and cross-business dependencies, ensuring SDLC adherence.
Principal, Global Markets Technology
Banc of America Securities (Nations Banc Montgomery Securities (NBMS))
10.2003 - 07.2008
- Established and led Supervision Technology team to ensure regulatory compliance and internal control standards for Global Markets and Global Investment Banking.
- Developed pioneering technology solution for managing designated and delegated supervisory tasks across multiple business lines.
- Managed Client Information Services for Global Markets Division, overseeing Client Onboarding Management Reporting and CRM application.
- Spearheaded the development of in-house flagship Client Onboarding application system, MCD (Master Client Database), resolving inefficiencies and enabling centralized client data storage and hierarchy across Global Markets.
Vice President, Global Equities Technology
Banc of America Securities (Nations Banc Montgomery Securities (NBMS))
01.1998 - 07.2007
- Formed a middle office IT group for Global Equities for trade processing and booking of trades to Broadridge (for settlement and clearing)
- Worked extensively on rearchitecting the legacy position management for Equity trading
- Analyzed the discrepancies between Sales & Trading revenue reporting against the General Ledger
- Saved over $10 million a year on fees by introducing a summarization process prior to sending trades to Broadridge for clearing and settlement
- Automated the trade allocation system by matching the orders to the allocations received from Thompson Financial Oasys system
- Managed and implemented a rules based engine to automate the trade processing, syndicate processing and NASDAQ trade reporting.
Manager, Backoffice Technology
Banc of America Securities (Nations Banc Montgomery Securities (NBMS))
07.1998 - 02.2001
- Oversaw teams handling Trade Processing, Equity Trade Support, Dividend & Reorg, MIS, Cross-border Trading, and Mutual Fund / Money Market Operations.
- Led offshore team of eight to implement changes for U.S. industry-wide decimal pricing, ensuring timely and cost-effective delivery.
- Supported Equity Middle Office, including Institutional Sales Support and Options Processing.
- Implemented major revision of Options Processing System, reducing errors and maintenance overhead to 20% of previous levels, and successfully executing Y2K conversion for Equities Middle and Back office applications.
Contractor
Midas-Kapiti Ltd
03.1997 - 08.1997
- Created detailed design of enhancements to the banking software package EQUATION/3
- Developing and implementing software patched to the package using RPG on the AS/400
- Directed development and produced test plans for the enhancement.
Contractor
Sumitomo Financial International
09.1996 - 02.1997
- Enhancing and maintaining the existing financial system
- Providing ongoing support of the Money Market & Foreign Exchange systems on the AS/400.
Analyst/Programmer
Chemical Bank (JP Morgan Chase)
08.1994 - 08.1996
Education
BSc(Hons) Computer Studies -
BRIGHTON UNIVERSITY
06.1990
Skills
- Strong Leadership
- Strategic Planning
- Transformation Expertise
- Technical Expertise
- Project Management
- Team Management
- Excellent Communication
- Meticulous attention to Detail and Problem-Solving
- Customer Focus
Key Attributes And Achievements
- Seasoned expertise in securities processing across Front, Middle, and Backoffice realms for Equities and Fixed Income products.
- Proven leadership prowess in strategic planning, technical assessment, and process reengineering.
- Innate ability to foster team building and drive business transformation and staff development, with comprehensive budgeting and P&L oversight.
- Demonstrated success in leading offshore resource teams across diverse geographical locations.
- Exceptional organizational, communication, interpersonal, and leadership skills instrumental in aligning company goals with achievable system deliverables, delivered on time and within budget.
- Extensive background in full life-cycle software development and delivery management, specializing in all distributed and cloud computing technologies.
Certification
Financial Industry Regulatory Authority (FINRA) Series 7
Timeline
Senior Director IT Application Development
Bank Of New York Mellon, Pershing
01.2016 - Current
VP, IB Technology
JP Morgan Chase
08.2007 - 01.2016
Principal, Global Markets Technology
Banc of America Securities (Nations Banc Montgomery Securities (NBMS))
10.2003 - 07.2008
Manager, Backoffice Technology
Banc of America Securities (Nations Banc Montgomery Securities (NBMS))
07.1998 - 02.2001
Vice President, Global Equities Technology
Banc of America Securities (Nations Banc Montgomery Securities (NBMS))
01.1998 - 07.2007
Contractor
Midas-Kapiti Ltd
03.1997 - 08.1997
Contractor
Sumitomo Financial International
09.1996 - 02.1997
Analyst/Programmer
Chemical Bank (JP Morgan Chase)
08.1994 - 08.1996
BSc(Hons) Computer Studies -
BRIGHTON UNIVERSITY
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