Akshay Modak Email & Phone Number

Pune, Mh, In

Pune, Maharashtra, India

As the Lead Business Analyst, I am spearheading a critical initiative to transition FX trade Cash settlement processing from a monolithic legacy application to a modern microservices-based architecture, aligning with our target state vision. In this pivotal role, I am responsible for orchestrating the entire migration process within in Cash Settlement Process, from initial analysis and requirement gathering to solution design and implementation.By leveraging my expertise in business analysis, project management, and technical acumen, I am driving the successful migration of FX trade Cash settlement processing to a modern microservices architecture, paving the way for enhanced scalability, agility, and efficiency in our operations.

Pune, Maharashtra, India

Promoted to Vice President role as India Delivery Manager for Cash settlement Project, demonstrating leadership and managerial excellence.Leading the payment infrastructure upgrade project as the lead Business Analyst, responsible for transitioning SWIFT MT Payment messages to ISO 20022 MX messages.Proficient in project planning and execution, adept at defining project scope, objectives, timelines, and resource requirements while ensuring adherence to budget and schedule constraints.Skilled in team management, capable of building and leading high-performing project teams, resolving conflicts, and fostering a collaborative work environment to drive project success.Experienced in stakeholder management, serving as the primary point of contact for clients and stakeholders, addressing concerns, providing regular updates, and ensuring client satisfaction.Proficient in risk management, identifying potential risks and issues, and developing mitigation strategies to minimize their impact on project delivery.Effective in resource allocation, managing project resources including personnel, budget, and equipment to optimize efficiency and productivity.Proficient in change management, managing changes to project scope, requirements, and deliverables while minimizing disruption to project timelines and objectives.Committed to continuous improvement, driving initiatives to enhance project delivery processes, methodologies, and tools, and implementing best practices to optimize project outcomes.

Pune Area, India

Engaged in Investment Banking within the Post Trade domain, focusing primarily on Cash Settlement Services encompassing Interest Rate, FX, Credit Derivatives, Equity Derivatives, Collateral, and Loan Deposits.Integral member of the core analysis team dedicated to transitioning Cash settlement infrastructure from Monolithic to Microservice-based architecture.Actively involved as both Project Manager and Business Analyst for regulatory and time-sensitive RBI Data localization projects.Concurrently managing Trade Settlement operations via CLS and overseeing changes related to Central Counterparty (LCH, HKEX) for FX trades.

Pune, Maharashtra, India

Employed in a hybrid capacity encompassing Business Analysis, Project Management, and Test Leadership roles to ensure the flawless delivery of the "Trade Confirmation Matching and Settlement" application within the Market Post Trade department.Tasked with meeting regulatory and industry standards such as SWIFT yearly enhancements, MIFID compliance, and product enhancements aimed at accommodating new business needs for the "PAYplus for CLS" Application, including its integration with CLS Bank.Additionally, spearheading project planning and execution, including the formulation of test strategies for System Integration Testing (SIT), constitutes another area of responsibility that I diligently oversee in projects.

Pune Area, India

Spearheading the Ring-fencing change initiative within the realm of UK high-value payments processing.Overseeing the functional and interface requirement/design aspects of UK High-Value Payment Processing.Ensuring the seamless integration of the new FX model (NetFX) and formulating requirements for novel FX products, including Dealt FX and CCIS integration.Delivering regular updates to the management and leadership team regarding the evolution of UK high-value payments and associated progress.Conducting comprehensive risk assessments to gauge the potential impact of new changes in UK high-value payment processing.Acting as the primary liaison (SPOC) from the UK High-value payment's Requirement and Design team to evaluate the ramifications of any emerging functional production issues.

Pune Area, India

Elevated to Assistant Vice President - Senior Functional Designer role.Oversaw the Europe high-value payments design team and directed UK high-value payment processing requirement/design responsibilities from August 2015 to December 2015.Promoted to EU design lead position for the Europe high-value payments design team from January 2016 to December 2016. Concurrently facilitated UK Ring-fencing design changes for UK high-value payment processing.Tasked with devising and implementing strategies to enhance straight-through processing (STP) FX payment processing for GPP high-value payment processing across integrated channels spanning UK, EU, and US regions.Provided support for UK banks' comprehensive regulatory changes concerning Ring-fencing from UK high-value payments processing spanning from January 2017 to July 2017.

Pune Area, India

Assumed responsibility for interface requirement and design oversight for UK high-value payments processing spanning from July 2013 to October 2013.Guided the interface design initiative for US high-value payment design within the framework of the JPMC EXIT project from October 2013 to November 2014.Formulated the MassPay billing interface design and contributed to the interface design efforts for the US high-value payment design for the JPMC EXIT project in February and March 2014.Supervised the MassPay Inbound SCT Migration functional and interface requirement/design between March 2014 and September 2014.Translated new business requirements for UK high-value payment processing into functional and interface requirements from October 2014 to August 2015. Additionally, spearheaded new channel integration with GPP High Value Payment processing.

Pune Area, India

Accountable to understand new product proposition from the product owner, to convert them in Business and Functional/Interface requirements.SPOC for any new functional change in any interface related to Global Disbursement proposition.Responsible for SIT and UAT support for Global Disbursement requirement and design.Accountable for Global Disbursement proposition LCT from UK High value payment processing perspective.

London, United Kingdom

Promoted as Business Analyst for Global Disbursement proposition for requirement gathering and design.Accountable to understand new product proposition from the product owner, to convert them in Business and Functional/Interface requirements.SPOC for any new functional change in any interface related to Global Disbursement proposition.Responsible for SIT and UAT support for Global Disbursement requirement and design.Accountable for Global Disbursement proposition LCT from UK High value payment processing perspective.

Pune, Maharashtra, India

Responsible for Interface developments for High value payment processing system.Responsible to impalement new accounting changes for High value payments.Accountable for Interface defect triage and fixes in various interfaces.Active participant in defect management and test support from Interface development team.

Mumbai, Maharashtra, India

Developer : GPP (Global PAYplus)• To understand business requirement from developer perspective.• Software development.• Software unit testing.• UAT/SIT/PROD Support work.

Developer :• To understand business requirement from developer perspective.• Software development.• Software unit testing.• UAT/SIT/PROD Support work.

Mca, Computers

B.Sc., Computer Aplication