Deepakraj Devaraj Email & Phone Number

Chennai, Tamil Nadu, India

Business analysis Functional knowledge in Payments and in the product Global Payment Engine , experience in Payments - ISO 20022 , Swift MT and MX messages which includes 2 years of experience in Cards Message Types-MT-(103,202,202 Cov, 900,910,101,MT199)ISO-(Pacs[008,004,002], Camt[30,35,52], Admi[14,16]) and the Payment industry.Handled all aspects of Transition starting from the Due Diligence, Knowledge Transfer (KT) Planning, KT, Reverse KT, Operation Readiness Test, Access Management, Go-Live to Stabilization involving Scope, Cost, Schedule, Quality, Risk and Issues, Procurement, Human Resources, Communication Management Strategy and Stakeholder ManagementResponsible to ensure that the Management and Leadership are updated on all Challenges and Risks and adequate steps are taken to mitigate the same before we Go-LiveResponsible for checking on Business Case justification at each stage for large programs to validate their viability and feasibilityCreating the procedures with illustrations and getting it signed off from the business, process systems and structure for improved performance. Single Point of contact for all process related queries and escalation across locations.Strong background in quality initiatives and resolving performance bottlenecksEnsure acquiescence with compliance standards and regulatory requirements.Security Lending/ Securities Finance: Responsible for timely and accurate processing of US Lending and Non-US Agent Lending activity. Providing support to a cluster of functions that includes; Cash and Non-Cash Activities such as updating MTM (Mark to Market). Pricing of Unpriced Securities. Sending and Agreeing Margin Calls and Exposures with Counterparties. Processing Loan & Collateral Maturities. Pre-Matching and Monitoring of Loans & Returns activities to ensure timely settlements and ConfirmationFurther liaison with agents & borrowers to resolve unmatched failing LRS. Notifying & monitoring the Margin Call.

Chennai Area, India

Handled all aspects of Transition starting from the Due Diligence, Knowledge Transfer (KT) Planning, KT, Reverse KT, Operation Readiness Test, Access Management, Go-Live to Stabilization involving,Managing the project with respect to scope, cost, time, quality, benefit and riskPreparing and maintaining project schedules as per agreed timelinesEnsuring the human resources required for the project are identified and readyDriving the Knowledge Transfer from customer SMEs to transition team and finally to steady state teamEnsuring the knowledge documentation is prepared and maintainedTracking risks, issues and gaps and presenting them to both internal and external stakeholders as per the governance, communication and meeting requirementsDriving the monthly / weekly / daily meetings to update and inform the status of the project to all the stakeholdersCo-ordination with various internal departments; ensuring the project meets set timelines and deliverablesGet the customer sign-off on all the phases of transition and document the lessons learned.Work on the Continuous Improvement Plan after the Go-Live to add value and efficiency to the ProjectEnsuring that the Management and Leadership are updated on all Challenges and Risks and adequate steps are taken to mitigate the same before we Go-Live.

Chennai

Client Service in Treasury and Security ServicesLine of Business: Custody ServicesTeam: Reconciliation & Enquiry Management.Discrepancy or breaks related Asset/ Trades / Cash and Account Maintenance are researched and reconciled.Facilitated communication and liaise with the Static data production and other groups such as Trade & Income processing and Sec lending program etc to ensure timely resolution of issues / queries.Provide custody and fund accounting statements to clients and investment mangers.Analyze reconciliation trends and engages product service groups in grass-roots discussions to mitigate such issues at a basic level. Also drive process improvement initiatives with these groups to ensure flawless delivery to Clients.Types of Brakes/Discrepancy/Reconciliation handled for ClientsA) Trade Inquiries: Buy/sell and Free receipt/delivery settlements issues, Inter account transfers, Registration of shares, Discrepancy in holding set up and Factor adjustments.B) Asset Inquiries: P&I inquiries (Income Rate differences, WHT, Standing Instn & FX’s related issues); Current and Original Face; Coac event related Tax (Tax rates, Tax Reclaims, Tax Profiles, W8 and W9 forms related). Securities Lending (Lending Programs i.e. Lend and Loan positions break up) Private Placements (Income/redemptions and Cash postings)C) Cash Inquiries: Cash Wires; EOD Cash Balances; FX Inquiries; Non Receipt of Funds; Unapplied credit/debit; Overdraft Charges; Overdraft and Interest calculations; Queries arising from Trade Cancellation or Amends; Securities Lending Revenue; Sweep; Fee Billing; STIF Balances; Remedial actions of cash posting/corrections.D) Account Maintenance and Servicing: Closing client accounts in RBS system; Setting up standing instructions for closed accounts; Adding or amending the recipients for report/statements; Setting up RBS access tool access to Internal as well as External clients;

B.Com, Commerce

Bachelor Of Commerce (B.Com.), Business/Commerce, General