Deepak Suvarna
Summary
Operations Manager with over 18 years’ experience in financial industry. Professional leader with executive experience ready to drive impactful change. Proven ability to implement strategic initiatives and enhance operational performance. Valued for collaborative team leadership and adaptability to evolving business needs.
Overview
20
20
years of professional experience
Work History
Vice president-Team Manager
Goldman Sachs- GBM
01.2024 - Current
- Managing the Voluntary and Mandatory corporate action processing team for Asia markets.
- Managed the Asia risk hygiene exceptionally well to achieve the quarterly/ yearly target for the global Asset Servicing team.
- Driving key operational initiatives, Impact assessment and engaging multiple operations team/ controllers and desk to get sign off.
- Oversaw risk management strategies, ensuring compliance with regulatory requirements and industry standards.
- Established a culture of continuous improvement, fostering innovation and driving sustainable growth across the organization.
- Demonstrated proficient leadership skills to motivate employees and build competent teams.
Senior Associate-Team Manager
Goldman Sachs- GBM
09.2018 - 12.2023
- Supervising 8 member team of Mandatory corporate action events processors for Asia markets.
- Planned the functional migration from Bengaluru to Singapore.
- Responsible for training the new team in Singapore and setting up the team.
- Defining the workflow and implement changes to operate in efficient workflow model.
- Planning and Managing the quarterly BCP requirements for entire asset servicing team in Singapore.
- Planning and managing the quarterly seasonal volume and exceptions management.
Senior Associate-Team Manager
GS Asset Management
03.2014 - 08.2018
- Managing a team of Analysts and Associates responsible for identifying and resolving the cash and stock settlement exception, unknown cash processing into the client accounts on Settlement+1 day basis against custodian on daily basis.
- Responsible for escalating any custody related exceptions in the account of Asia Clients, to the respective stakeholders.
- Identifying measures to reduce manual intervention in day to day activity, coordinating with the wider Ops team on the automation ideas and executing with IT.
- Head count analysis, hiring, onboarding of new hires, preparation of training plan and implementing on the job training requirements.
- Location strategy review and planning of functional migration to different locations.
- Conducting quarterly, half-yearly and annual discussion with each individual team member, guiding them to enhance their performances.
- Monthly Management Report preparation and presentation.
- Corporate Action event coordination for Australia market- Accelerated Entitlement Offer.
- Net Asset Value report preparation and review of client delivery.
Associate-Advanced Specialist
GS Hedge Fund Administration
01.2011 - 02.2014
- On-boarding new Hedge Fund clients to the Exception Management platform.
- Reviewing clients trade, cash and position with the hedge fund’s custodians and counterparties.
- Communicating with the Trade Management and Fund Admin Teams on a daily basis for reporting breaks and thus ensuring its timely resolution.
- Booking of any missed/ failed trades (Equity /Futures) in GENEVA application as part of exception resolution.
- Processing various corporate actions, fees, interests and other entries in accounting system after confirming with the Prime Broker and verifying Bloomberg.
- Identifying and resolving pain points that inhibit productivity, delivery and efficiency of client deliverable.
- Preparing MIS /Monthly Status on the errors and SLAs on a timely basis.
- Onboarding new hires, which includes assigning buddies, work allocation, creating and implementing training plan.
- Business Continuity Planning/ Cross Regional Handoff coordination for the team with Dublin and Bengaluru colleagues.
- Internal and External Audit coordination.
Analyst – Lead specialist
GS Asset Management
10.2007 - 12.2010
- Post trade settlement exception resolution of GSAM the swaps and forward positions against Fund Admin & Broker.
- On boarded FX and OTC Options on to the exception management tool.
- Managed 6 members OTC Exception management team and responsible for daily exceptions resolutions.
- Continuous engagement with IT team to define the ops system enhancement requests and execution.
- Interns oversight on training and project delivery aimed at efficiency on the monthly NAV process.
- Represented GSAM for system overview across division.
- Assisted GSAM PWM team to on board to the automated exception management tool.
- Defining product specific requirement for each exception management module.
Analyst
HCL Technologies Ltd
08.2005 - 09.2007
- Responsible for reconciling the option and money market trade settlement against the nostro account.
- Managing the exception on daily basis.
- Interaction with traders, middle office team to resolve the exception.
- Risk MGMT and weekly MIS reporting to the senior mgmt.
Education
MBA - Finance
Justice KS Hegde Institute of Management NITTE
Skills
- Direction setting
- Team leadership
- Relationship building
- Highly organized
- Technical Aptitude
- Critical thinking
- Project Management
- Coaching and mentoring
- Asia Custody Relationship Management
- Decision-making
Accomplishments
- Planned and managed the quarterly volume for Asia mandatory event processing across different markets.
- Collaborated with custodian to ensure the timely payment of corporate action proceeds.
- Onboarding of new hedge fund clients to the exception management system, demonstrate the operations’ systems and functionality to Fund Admin and Middle Office teams.
- Coordinated with International Fund Services in creating systematic flight plans to ensure smooth transition of Hedge fund accounts to the IFS platform.
- Hedge Fund Price Request: Successfully Challenged and eliminated the process of Trust banks requesting GS to provide Monthly price for the hedge fund holdings, helping to reduce 16hrs per month.
- Planned and executed the Singapore GSAM functional migration to Bengaluru & Tokyo.
- Lead the GSAM Australia Exception management support function migration to external vendor for the flawless transition.
- Represented as GSAM SME to prepare and present the F2B training to GS Singapore Operations.
- Rotation Program: Engaged with GSAM management and Analyst group to gather feedback and revised the plan to meet the program objective.
- Managed the Custodian Relationship for GSAM Asia business. Engaged with multiple custodians on escalation of issues and influencing some of the changes to improve the service level.
- Influenced the Transition Trading desk to streamline the exception and trade booking process to create efficiency- reduced considerable amount of operation effort in supporting this business.
- Streamlining the data load process for exception management tool and helping global team to gain efficiency on every Japan Holiday.
- Revisited the client requirement on Cost rec and engaged the CRM to influence change in client requirement to be in line with global standard. This helped the team to achieve saving of 12hrs per quarter.
- Detailed feasibility study on the External vendor system (Tri Optima) in order to onboard/outsource the exception resolution process.
- Identified & Challenged the Prime Broker on the fee discrepancy for the Stock lending program and successfully managed to get the fees revised.
Personal Information
- Date of Birth: 07/02/82
- Nationality: Indian
- Marital Status: Married
Timeline
Vice president-Team Manager
Goldman Sachs- GBM
01.2024 - Current
Senior Associate-Team Manager
Goldman Sachs- GBM
09.2018 - 12.2023
Senior Associate-Team Manager
GS Asset Management
03.2014 - 08.2018
Associate-Advanced Specialist
GS Hedge Fund Administration
01.2011 - 02.2014
Analyst – Lead specialist
GS Asset Management
10.2007 - 12.2010
Analyst
HCL Technologies Ltd
08.2005 - 09.2007
MBA - Finance
Justice KS Hegde Institute of Management NITTE