Prashanth Seshadri
Overview
17
17
years of professional experience
Work History
Development Manager
NatWest Bank
01.2024 - Current
- Design and deliver solutions for regulatory requirements coming from PRA - dealer authority and trader mandate rules, development of XVA measures, regulatory stress test optimizations, market data calibration and risk scenario setup
- Starting Jan 2025 will take on the role of the development manager for the risk team. Team is composed of 8 members covering market risk, credit risk and QA
- Managing 2 mio GBP per year risk book of work covering treasury risk optimizations, new product rollout and regulatory compliance projects.
Associate Manager
Accenture
11.2021 - Current
- Proficient in RFI/RFP preparation for global Murex projects. Won 2 European banking projects for Murex upgrade to be delivered from Accenture's India ODC bringing in close to 5+ mio USD in revenue
- Murex certified 3T trainer on market risk and risk limits; Delivered market risk training for Accenture’s delivery center in Kuala Lumpur, Malaysia covering functional and configurator profiles on Murex
- Active in recruiting for Accenture’s global delivery center in KL, Malaysia covering various roles across Murex, from front office, market risk, credit risk and Datamart development. Conducted over 50+ interviews till date
- Building accelerator tools for clients embarking on technology transformation projects onto Murex
- Delivered global market risk classroom trainings as part of Murex academy in January 2024 for 16 consultants across India, Poland, Denmark, and Singapore and in April 2024 for 14 consultants across US, India, and Poland respectively
Business Analyst
OCBC BANK
06.2023 - 11.2023
- Business Analyst for the market risk team identifying and delivering high priority changes regarding stress testing and risk reporting from the backlog in preparation for technology transformation of front office and market risk platform
- Delivered enhancement to the credit risk exposure stress testing framework
- Refactored the system to expand the coverage scope and revise the aggregation and netting logic to provide greater accuracy and compliance to regulatory audit observations
- Collaborating with business development head/client account manager to identify work streams that can be moved to Accenture’s offshore delivery center in India
Strategy Consultant
Shanghai Pudong Development Bank
01.2023 - 05.2023
- In collaboration with the China team, building strategy and design as part of the discovery phase of their multi-year decommission of Finastra and migration to an in-house treasury management platform
- The strategy envisioned savings of 1.2mio USD in platform and license costs
Business Analyst
ANZ BANK
11.2021 - 08.2022
- As a business analyst for the credit risk team, handled impact analysis of the PFE model for exotic credit options on Markit and Razor platforms as part of the technology transformation of the front office and deal booking platform
- Planned, managed, and delivered the testing phases from UAT till go live for the NZ entity rollout
PRINCIPAL CONSULTANT
LUXOFT FINANCIAL SERVICES
07.2018 - 11.2021
- Lead for a team of 7 consultants across front office, market & credit risk teams at the client site
- Active in hiring Murex consultants for front office, product control, credit, and market risk teams
- Prepared and delivered training material on market risk and Murex MRE module used globally by the Learning and Development team
Business Analyst
UNITED OVERSEAS BANK
07.2018 - 11.2021
- Business Analyst within the risk team covering market risk for trading and banking books, risk limits and product control functions; Products covered included FX, Fixed Income, Equities, Credit and Commodities
- Migrated market risk, banking book risk and P&L reporting solutions from Wallstreet to Murex for 8 overseas entities as part of the Global Markets Platform program
- Design, build and deploy limits solution for risk sensitivities across market risk, balance sheet risk and product control teams for an overseas entity
- Setup market risk model for equity exotic options such as KIKO, accumulators/deccumulators, autocallables and other barrier options and migrated from a theoretical mode to marked to market mode for valuation of futures products
- Part of a team of 2 senior consultants that designed and delivered the revamp of the market risk model to avoid VaR dilution
- Implemented IRRBB, PL Grid and Scenario Approach models for market as part of the capital adequacy requirements from MAS notice 637
- As part of the Murex version upgrade project, refactored all market risk executions and reports to achieve time savings of ~35%
- Part of the team designing and implementing the regulatory solution for FRTB IMA covering RFET, IMCC, SES, PLA test and DRC
FINANCIAL CONSULTANT
MUREX SOUTHEAST ASIA PTE. LTD.
08.2014 - 07.2018
- Delivered market risk, risk limits and credit risk management solutions on Murex for clients spanning FX, Fixed Income, Equities and Credit products
- Implemented greenfield market risk models and solutions for 5 clients across Asia, a telecom company in India, 2 Singaporean and 2 Malaysian banks. 7+ mio SGD total revenue delivered for risk team
- Led design and implementation of market risk, credit risk and risk limit solutions at a securities firm in Japan and a leading bank in Thailand
- Delivered and validated models for market risk and stress testing as part of ICAAP framework implementation under BNM regulations for Malaysian banks
- Supported queries on QIS and ran implementation of FRTB SA 2016 solution in APAC at a major Singaporean bank. Over 600m SGD of savings in capital charge achieved
- Managed and validated market risk model migration from an EWMA model to an equal weighted one for a major Indian bank
- Furthermore, implemented three back testing measures, actual, hypothetical, and actual with time decay to measure model performance
- Delivered user training and design workshops on market risk, risk control and front office simulation modules for 2 banking clients in India and Thailand
RESEARCH ANALYST, CREDIT RESEARCH INITIATIVE
RISK MANAGEMENT INSTITUTE, NATIONAL UNIVERSITY OF SINGAPORE
06.2013 - 07.2014
- Ran BAU support for the forward-intensity default prediction model housed on the CRI production system; CRI produces probability of default for over 60k+ firms worldwide
- Performed model calibration and improved model effectiveness for credit risk measures such as Distance to Default, Probability of Default and Actuarial Spread
- Developed stress testing credit scenarios built on top of CRI PD for banking clients in Singapore
SENIOR SOFTWARE ENGINEER, TURBO TECHNOLOGIES
HONEYWELL TECHNOLOGY SOLUTIONS LAB
10.2011 - 05.2012
- Build custom applications using C++ APIs on CATIA to reduce build time and increase productivity for the turbocharger design team
SOFTWARE ENGINEER, R&D, CATIA COMPOSITES
DELMIA SOLUTIONS PVT. LTD., DASSAULT SYSTEMES
08.2008 - 10.2011
- Developed and built code using CAA C++ to deliver bug fixes and functionality enhancements for CATIA Composites
- Liaised with the solutions design team on rework of core geometrical and topological algorithms for the V6 version
Education
Master of Science - FINANCIAL ENGINEERING
National University Of Singapore
Singapore05.2014
Bachelor of Technology - MECHANICAL ENGINEERING
National Institute Of Technology
Trichy, Tamil Nadu, India05.2008
Skills
- Market Risk
- Credit Risk
- Basel Regulations
- Valuations
- Derivatives
- FRTB
- XVA
- Murex
- Bloomberg
- VBA
- MATLAB
- R
- Shell Scripting
- SQL
Timeline
Development Manager
NatWest Bank
01.2024 - Current
Business Analyst
OCBC BANK
06.2023 - 11.2023
Strategy Consultant
Shanghai Pudong Development Bank
01.2023 - 05.2023
Associate Manager
Accenture
11.2021 - Current
Business Analyst
ANZ BANK
11.2021 - 08.2022
PRINCIPAL CONSULTANT
LUXOFT FINANCIAL SERVICES
07.2018 - 11.2021
Business Analyst
UNITED OVERSEAS BANK
07.2018 - 11.2021
FINANCIAL CONSULTANT
MUREX SOUTHEAST ASIA PTE. LTD.
08.2014 - 07.2018
RESEARCH ANALYST, CREDIT RESEARCH INITIATIVE
RISK MANAGEMENT INSTITUTE, NATIONAL UNIVERSITY OF SINGAPORE
06.2013 - 07.2014
SENIOR SOFTWARE ENGINEER, TURBO TECHNOLOGIES
HONEYWELL TECHNOLOGY SOLUTIONS LAB
10.2011 - 05.2012
SOFTWARE ENGINEER, R&D, CATIA COMPOSITES
DELMIA SOLUTIONS PVT. LTD., DASSAULT SYSTEMES
08.2008 - 10.2011
Master of Science - FINANCIAL ENGINEERING
National University Of Singapore
Bachelor of Technology - MECHANICAL ENGINEERING
National Institute Of Technology
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