Consultancy on Clearing & Treasury Risk Management

FMDQ Clear is the newly formed in-house CCP for FMDQ Group, Reviewing & validating design, development & implementation of Clearing Risk Management and Operation functions for their upcoming derivative product releases etc.

Advisory in Payment System Infrastructure – Qatar, Sr Lanka & Morocco

Guiding implementation of DvP Settlement and Recommending Policy Framework for CCP Clearing for equities market at Colombo Stock Exchange

NCCL is to operate as Central Counterparty for Derivatives Trade concluded on NCDEX Trading Platform.Also Chair of Board Risk Committee & Board Audit Committee

Advising on introduction of Exchange Traded Future

Advising SHCH as Central Counterparty on Risk Management & Product Development

CCIL is a leader in CCP Clearing of OTC trades in Govt. securities (like GSCC of USA), forex and derivatives; also runs Trade Repository and offers portfolio compression of IRS & Forex trades ; adjudged 'Risk 25 Firms of the Future' due to its innovative products and world class risk management.I was a part of the core team involved in designing the processes and implement those with in-house developed softwares. Also set up Risk Management Dept, designed Risk Management processes and got Risk Management Softwares developed internally as per requirements. Risk management systems at CCIL have received wide appreciation from domestic and international stakeholders.Was responsible for development of certain pioneering products including critical aspects of risk managements thereof-(i) CCP Clearing of trades in Govt Securities making anonymous trading with CCP Guarantee feasible - a global first (sort of an exchange in Govt Securities)(ii) CCP Clearing of inter-bank Rupee-USD trades – in operation since Nov ’02 – first in the world and highly successful. Converted in April ’15 into PvP settlement making anonymous trading with CCP guarantee in Forex possible for first time ever.(iii) CCP Clearing for inter-bank USD/Rupee Forward trades – first in the world- great success; operational since Dec ’09. (iv) CCP Clearing of Rupee denominated Interest Rate Swaps with anonymous Rupee IRS Trading System (SEF) operating with CCP Guarantee out of a Central Order Book. (v)Trade Warehouse for Interest Rate Swap trades for Indian market with full range of post trade processing including settlements; operational since August 2007. (vi) Portfolio Compression for Rupee IRS trades & Rupee/US Dollar forward trades; operational for last about 5 yearsGathered significant exposure into aspects related to software development, migration into new softwares and managing problems with software malfunctioning.Was in charge of Business Continuity Planning at CCIL.

In-charge of Asset Liability Management (ALM) for international operations of State Bank of India (about 20 offices in 10 countries) from Sept. 1995 to May 2001. Responsible for - i) drafting first Risk Policy for foreign offices of State Bank of India & its overseas subsidiariesii) designing ALM requirements for SBI’s international operations & its foreign subsidiariesiii) formulating guidelines for Asset Liability Management Committee for foreign offices & subsidiaries of SBI and of overall supervision of this critical activityAlso designed accounting procedures for Swaps & FRAs and took part into certain complicated fact finding studies (e.g hidden currency positions from funding overseas operations)

Main responsibility was to advise the corporate customers on management of Forex & Interest Rate Risks and helping them to access risk management products; also involved with internal skill development

Head of a large branch to manage all aspects from business development to employee relations.

Main responsibility was to computerise database on officers (about 1500) and automating processing of data for career progressions, transfers etc.

Responsible for Commercial Credits at Offshore Banking Unit dealing with international clients. Was also worked as Forex Dealer for a short tenor.

General Banking, Advance etc.