Prabhakar Prasad
Bangalore
Summary
Results-driven professional with extensive experience across top banks, adept in Alteryx and IFRS reporting automation. Proven track record in enhancing operational efficiency, achieving a 70% increase in Subledger systems enhanced feature utilization through effective team engagement. Strong leadership and communication skills foster collaboration and drive project success.
Overview
18
18
years of professional experience
Work History
Assistant Vice President
Barclays Global Service Centre
06.2019 - Current
- Developed Alteryx workflows and analytical apps to optimize some of the monthly and daily P&L processes, FOBO MIS, and SAP vs. Subledger reconciliations, which helped in gaining efficiency by reducing production time by 0.5 hours per day.
- Led critical management mandates and coordinated with IT teams for system fixes.
- Minimized the aged FOBO breaks by identifying systematic issues and engaging relevant tech teams to help remediate them.
- Helped drive the implementation and adoption of a valuable new feature in MOTIF (Central Finance Subledger system across all products) by engaging the wider team of 60+ team members, which led to an increase in feature utilization from 20% to 90%.
- Ensured compliance with IFRS 13, IFRS 9, and IAS 32 legal and operational netting.
Team Manager
Cognizant technology solutions (Client - UBS Bank)
06.2016 - 06.2019
- Presented Fair Value Hierarchy analysis for monthly management calls, obtaining necessary sign-offs.
- Aggregated Prudential valuation adjustments from multiple desks, ensuring compliance with EBA regulations.
- Reviewed and approved Correlation numbers prior to distribution of packs.
- Supervised IFRS13 valuation reporting process, submitting all forms to Group accounting.
- Provided Desk & Pack summaries of Correlation IPV adjustments to onshore teams.
- Updated onshore team regarding monthly meeting issues, challenges, and error logs.
- Ensured adherence to control protocols throughout the valuation process.
- Maintained Governance of Prudential Valuation calculation methodology documents.
Team Leader
Cognizant technology solutions (Client - UBS Bank)
05.2014 - 06.2016
- Executed direct Independent Price Verification (IPV) of stock and index correlations using Bloomberg, Reuters, Totem, and other broker quotes, reporting residual variances to Regulatory Valuations & Governance group.
- Calculated calibrated correlation marks for indirect IPV of stock and index pairs utilizing EWMA methodology.
- Identified optimal proxies for uncovered stocks/indices based on coverage and correlation levels, creating and uploading their volatility surfaces in risk management applications.
- Computed month-over-month global bid-offer reserve movements applying inter-maturity bucket risk netting, ensuring quarterly spread updates, and uploading parameters into the EVITA reporting system.
- Determined prudential values for correlation parameters, reporting findings to Regulatory Valuations & Governance group.
- Conducted IPV on collateral exposures referencing Bloomberg, Reuters, and TOTEM Consensus, relaying residual variances to internal management for review.
- Analyzed IPV results alongside bid-offer/model reserves and fair value holds (FVH) to prepare valuation reporting packs presented to senior management prior to external reporting.
- Generated Valuation Uncertainty (Form 202), Inputs Disclosure (Form 201), and Form 76 in compliance with UBS Group's IFRS13 external disclosure requirements.
Analyst
JP Morgan Chase
04.2012 - 04.2014
- Executed investigations and resolutions of P&L and MTM breaks across risk management, back office, and general ledger systems.
- Conducted P&L and balance sheet reconciliations to verify integrity of daily P&L movements.
- Designed and maintained accounting schemas for various product types, ensuring updates in Oracle ledger systems.
- Supported Product Controller by delivering ad-hoc requests, which fortified the rapport.
- Extracted ledger data using SAP and Oracle tools, conducted break investigations, and executed ME journal postings.
- Performed monthly General Ledger reconciliation and substantiation checks per the bank's GLRS policy.
- Implemented controls on trade feeds from risk management systems to general ledger.
- Assisted regulatory reporting teams by confirming discrepancies.
Process Executive
Deutsche Bank Operations International
03.2008 - 07.2010
- Matched trades with updated middle office information against broker confirmations on strike price and trade type.
- Calculated accrued interest by referencing bond prices from Bloomberg.
- Executed reconciliations on record date between internal books and depository systems to identify the Coupon beneficiaries.
- Compensated outstanding coupon payments to counterparties via SWIFT and pursued outstanding receivables.
- Managed debt asset services and reconciliation of bond coupon payments.
Education
Executive Program in Product Management & Digital Transformation -
Indian Institute of Technology- Guwahati
IndiaData Analytics Bootcamp - Data Analysis
Code Basics
IndiaCFA Level 1 Completed -
CFA Institute
06-2018
CERT-IFRS Accreditation -
ACCA
01.2015
Postgraduate Diploma in Management - Finance
MET Institute of Computer Sciences
Bandra, Mumbai01.2012
Bachelor of Management Studies - Finance
University of Mumbai
Kalina, Mumbai10-2007
Skills
- Alteryx and SQL
- SAP BI and Business Objects
- Python and VBA
- Excel and MS Access
- Team leadership
- Verbal communication
- SAP analysis for office
- Web intelligence
Awards
- Barclays Recognition Program, Recognized by Managing Directors for Drive, Excellence & Stewardship in subledger migrations project, 2023
- UNICORN Award, Cognizant Technology Solutions, 2015
- Star Award, JPMorgan Chase & Co., 2013
- Star Award, Deutsche Bank Operations International, 2009
Timeline
Assistant Vice President
Barclays Global Service Centre
06.2019 - Current
Team Manager
Cognizant technology solutions (Client - UBS Bank)
06.2016 - 06.2019
Team Leader
Cognizant technology solutions (Client - UBS Bank)
05.2014 - 06.2016
Analyst
JP Morgan Chase
04.2012 - 04.2014
Process Executive
Deutsche Bank Operations International
03.2008 - 07.2010
Executive Program in Product Management & Digital Transformation -
Indian Institute of Technology- Guwahati
Data Analytics Bootcamp - Data Analysis
Code Basics
CFA Level 1 Completed -
CFA Institute
CERT-IFRS Accreditation -
ACCA
Postgraduate Diploma in Management - Finance
MET Institute of Computer Sciences
Bachelor of Management Studies - Finance
University of Mumbai