Kiran Kumar Nimala
Singapore
Summary
Investment banking professional with over 14 years of experience managing and optimizing operations for Securities, Fixed Income, Derivatives, and FX products. Expert in Confirmations, Settlements, Claims, and Middle Office functions with a proven track record of enhancing operational efficiency, ensuring compliance, and delivering exceptional service in high-pressure environments.
Overview
15
15
years of professional experience
Work History
Associate Director - Middle Office Specialist
UBS AG
08.2022 - Current
- Managed new business initiatives : Led new business initiatives for Rates Derivatives driving project success from initiation to implementation and ensuring alignment with business objectives and timelines.
- Resolving queries: Efficiently resolved complex queries from Sales, Traders, and Business Managers, enhancing operational support and client satisfaction.
- Stakeholder communication: Facilitated effective communication between stakeholders across various teams and locations, ensuring alignment on priorities and objectives.
- Mentoring offshore teams: Mentored offshore teams, overseeing their performance and development to ensure efficient delivery of BAU processes and fostering a collaborative team environment.
- Root cause analysis: Investigated and resolved process and procedural breakdowns through meticulous root cause analysis and collaboration with cross-functional teams, implementing effective solutions.
- Reporting and Documentation: Reviewed EOD risk and weekly risk reports, prepared comprehensive documentation of KPCI testing results, risk event analysis findings, and remediation efforts, and organized monthly calls with the business to discuss performance and strategic alignment.
Authorized Officer - Trade & Processing Specialist
UBS Business Solutions(India)
01.2018 - 07.2022
- Product Confirmation and Trade Affirmation: Confirmed OTC derivative products such as Vanilla Options, Variance Swaps, Volatility Swaps, TRS, and other structured products, ensuring timely trade affirmation to mitigate market risk.
- Escalations and Regulatory Compliance: Performed escalations for DKs, economic breaks, and unconfirmed trades, ensuring confirmations were dispatched within regulatory timelines and adhered to industry standards.
- Risk Mitigation and Reporting: Reviewed KPCIs annually to implement effective risk mitigation techniques, and reported and maintained process errors, conducting root cause analysis and corrective actions.
- Control Testing and Application Enhancements: Collaborated with Independent Control testing teams to ensure compliance with designed controls, and tested new applications, system enhancements, and process automations, providing risk sign-off from the Operations team.
- Industry Knowledge and Compliance: Maintained a strong understanding of booking models, special handling processes, industry standards, and regulatory requirements, ensuring their impact on trade confirmations was managed effectively.
Team Leader - Domain Training Team
BA Continuum Solutions
01.2017 - 12.2017
- Training Needs Analysis: Identified domain training needs for Global Markets Securities operations and Middle Office functions.
- Customized Training Programs: Collaborated with leaders and managers to conduct training needs analysis, creating and facilitating customized, need-based training programs.
- Induction Program Management: Conducted induction programs for new joiners in the Global Markets Operations teams ensuring smooth onboarding and integration.
- Training Plan Development: Fostered conversations within the training teams to deliver comprehensive training on products, processes, regulations, and their operational impact.
Team Leader - Middle Office Operations
BNP Paribas Securities Services
03.2012 - 01.2017
- Transaction Processing: Processed Global Security and Derivative transactions on global trade processing platforms within deadlines, ensuring accuracy and efficiency.
- Trade Confirmations: Performed manual and electronic trade confirmations for Equity, Bond, and FX products across APAC and EMEA regions, ensuring timely and accurate trade processing.
- Training and Process Updates: Trained new joiners and conducted process reviews and huddles, keeping the team updated with changes in procedures and enhancing operational knowledge.
- Reporting and Audits: Prepared monthly dashboards and KPI reports, and assisted with audits and new projects to support operational transparency and compliance.
- Settlement Resolution: Executed pre-matching with counterparties to resolve settlement mismatches and ensure timely settlement of trades.
- Claims Management: Managed and supervised interest claims arising from late settlements of Equity, Fixed Income, FX, and Derivatives products, ensuring prompt resolution and accurate financial reporting.
Analyst - Trade Settlements
Wipro BPO Limited
12.2009 - 01.2012
- Trade Matching: Ensured trade instructions were accurately matched in the clearing house through rigorous correspondence with front-end Account Managers, counterparties, and agents via emails, telephone, and SWIFT.
- SWIFT Messaging: Prepared and sent various SWIFT messages (MT541, MT543) for manual trade instructions, and amended instructions via MT599, ensuring timely and accurate trade execution.
- Outstanding Trades Follow-up: Followed up on long outstanding trades to expedite settlement, minimizing delays and optimizing trade execution.
- Pre-Settlement Reviews: Conducted final reviews on pre-settlement aspects such as pre-matching and booking issues, and performed checks to verify entries and prevent errors.
Education
MBA - Marketing & HR
ICFAI National College
India04.2008
Bachelor of Science - Electronics, Information Technology
Krishna Chaitanya College
India04.2006
Skills
- Order Processing and Trade Confirmation: Proven experience in managing trade confirmations and processing transactions accurately
- Project Management: Capable of managing projects from initiation to implementation in middle office operations
- Stakeholder Communication: Effective in facilitating communication between stakeholders across teams and locations
- Regulatory Adherence: Strong background in ensuring compliance with regulatory requirements and internal protocols, relevant to following rules and guidelines
- Analytical Skills: Strong in root cause analysis and performance analysis to resolve issues
- Information Handling: Proficient in managing and processing critical information, similar to handling inbound information in central management systems
Accomplishments
- Received several appreciations from COO and Trading desk for maintaining a vigilant focus and effectively managing overall risk, while also being recognized for proactively initiating strategic initiatives that positively impacted business operations.
- Resolved Markitwire ticket flow issues, eliminating manual intervention by fixing static errors and enabling seamless straight-through processing (STP). Received appreciation from the sales team for enhancing efficiency.
- Played a key role in managing the SOR-SORA transition, overseeing the migration of trade bookings from one system to another, and implementing the associated booking changes
Languages
English, Telugu, Hindi and Tamil
Timeline
Associate Director - Middle Office Specialist
UBS AG
08.2022 - Current
Authorized Officer - Trade & Processing Specialist
UBS Business Solutions(India)
01.2018 - 07.2022
Team Leader - Domain Training Team
BA Continuum Solutions
01.2017 - 12.2017
Team Leader - Middle Office Operations
BNP Paribas Securities Services
03.2012 - 01.2017
Analyst - Trade Settlements
Wipro BPO Limited
12.2009 - 01.2012
MBA - Marketing & HR
ICFAI National College
Bachelor of Science - Electronics, Information Technology
Krishna Chaitanya College
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