Shubham Banerjee

Experience

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  EClerx

  May 2010 - Mar 2012

  Financial Analyst - Acting Team Lead

  Analyst – Settlements, Eclerx Services Ltd (Credit Suisse International)May 2010 – March 2012During my tenure at Eclerx Services Ltd, I specialized in Investment Banking Operations, focusing on Credit-Suisse International’s broker-dealer accounts. My role encompassed a range of responsibilities in both the DTCC settlements team and the Fixed-Income Derivatives’ Pre & Post Settlements team.Key Responsibilities:Credit Instruments Settlements: Reconciled client databases with counterparties, coordinated with Middle Office, Treasury Heads, and the DTCC Settlement team. Managed settlements for Credit & Mortgage products, including CDS, CDO, ABS, and CMBS. Ensured timely payments and generated failed cash flow reports.Fixed-Income Derivatives Settlements: Led a team of 7 analysts, handling settlements of CDS & Interest Rate Products such as Cross CCY, MTM, OIS, IRS, NDF CCY, FRA, Swaption, Caps, Floor, Equity Options, Dividend & Variance Swaps. Reduced TAT for resolving discrepancies, managed manual payments through SWIFTs, and produced daily and weekly metrics. Prepared and audited Monthly Business Review reports, conducted training for new joiners, and performed qualitative checks to ensure accuracy. Show less

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  BNY Mellon

  Apr 2012 - Sept 2015

  Team Lead - Operations

  Team Management: Led a team of 10-12 staff for Business-As-Usual (BAU) operations, ensuring smooth workflow and adherence to processes.Client Reporting: Analyzed FAS-157 and SORP reports, audited, and delivered comprehensive monthly reports to clients.Training and Development: Assessed training needs (TNA) for the department and delivered process training as an Embedded Trainer for new hires and existing staff across US, Canada, and EMEA regions.Recruitment: Conducted interviews for Operations roles in collaboration with the HR department.Work Allocation: Managed work distribution for the training team during on-the-job production.Administrative Coordination: Sent administrative data for team staff to relevant departments for execution.Valuation and Trade Support: Worked on Bond and Equity Valuations, as well as Exchange-Traded and OTC Derivative Products. Performed trade postings to support systems to reflect accurate cash and unit positions.Price Testing and Research: Conducted Independent Price Testing (IPT), manual pricing, and researched price exceptions using Bloomberg and FTS for vanilla products, resolving discrepancies in coordination with internal departments and investment managers. Show less

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  Credit Suisse

  Nov 2015 - Jan 2017

  ENO - Senior Controller

  Dept : Equity Product Control. Monitoring any unauthorized trading activities and reporting to higher management through Red flags. Reporting the daily and monthly PnL fir trading desk for Convertible Bonds and structured Finance products.Daily PnL Attribution to correct PnL risk buckets - Delta, Vega, Theta etc.Producing daily significant PnL commentary to higher management and other reporting groups for regulatory purposes.Posting price testing and other related provisions in trading books at month-end through independent price testing.Working on daily new trade Analysis reports to produce validate the PnL generated through new trades by Front office desk.Explaining and resolving trading desk queries on a daily basis regarding flash to actual PnL reported.Validating PnL generated for different products a d markets - Futures, Options, Bonds, Equities and other products.Monitoring and querying on Cancellations and corrections made by trading and Middle-offices as a part of regulatory checks.Signing-off and finalising PnL on a daily and monthly basis.Preparing Account ownership reports for respective markets after month-end PnL reporting.Posting Journals in the books of accounts and reviewing them for month-end to ensure correct accounting treatments. Show less

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  Societe Generale Global Solution Centre

  Jan 2017 - Sept 2019

  Senior Associate

  KRAs: Delivering and reporting Daily PnL & Risk based PnL Analysis.Validating daily trading PnL and liaising with different internal teams and stakeholders to provide accurate picture of firms position. (Did production and analysis on multiple trading desks : Delta One trading, Secured Financing Services, Quantitative market making, Electronic Market making desk, Management desks)Finalising and signing-off PnL and providing Risk based PnL commentary.New deal / trade Analysis and justifying PnL to Front office teams.Working on multiple machine learning projects to transform Income attribution analysis in a valuable and to derive meaningful insights. Show less

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  JPMorgan Chase & Co.

  Sept 2019 - Oct 2022

  Product Control Manager

  Dept. Treasury and Cheif Investment Office-- Fund Transfer Pricing-- Supervising team tasks and providing daily sign-offs and approvals on PnLs reported to all Asian markets for Treasury and CIO desks.-- Ensuring FTP calculations are in line with daily NIIs (Net Interest Income) and OCI (Other Comprehensive Income).-- Performing daily Senior management reporting to report all OCI, NII at cluster level for International Rates, FX hedging, FX Funding, LOB FTP and Other funding activities.-- Calculating Clean PNL (Theo PnL) for each legal entity and reporting to multiple stakeholders for VAR calculations for extractions of VAR exception validations.-- Daily Limit monitoring - Calculating daily limit monitoring for various thresholds (PnL related risk limits) and Level 3 Risk limits (FXNOP risks, Max IRBPV at currency level for each legal entity, Max CSBPV Risk at currency level, One day stop loss MTM Risk etc)-- Non-economic Balance sheet hedge reporting.-- Weekly KPI presentation to Global management for Asia region. (Actual vs Estimates substantiation, Submission time metrics, Recurring and non-recurring adjustment Control substantiation, Front office and MO late submissions with delay reasons etc.)-- Risk based PnL substantiation for AFS securities and FX Funding PnL.-- HKMA Reporting submission to Hong Kong Regulatory body on all FX deals at Treasury at currency levels. -- HKDPS (Hong Kong Deposit protection survey) reporting to Hong Kong Monetary authorities as a Regulatory requirements.-- Providing approvals and sign-offs for Daily, monthly, quarterly and semi-annual reporting.-- Delivering audit presentations to internal and external auditors for overall process controls and Risk monitoring for CIO desks. Show less

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  Societe Generale Global Solution Centre

  Sept 2022 - now

  Currently part of Data Digital office - Monitoring Daily PnL Production for ASIA, EMEA & AMER scope, Managing process transformation projects for Equity, Fixed Income & Agency business PnL scope (Tools being used - Power BI Dashboards, Machine learning tools & Data science ongoing projects), Working on PnL policies and recommendations, closing in-scope audit recommendations with Business Lines, working with higher management to chair Production Committees, producing KPIs, enhancing the process tools and introducing and testing new tools to develop efficiency and quality in PnL processes, flagging anomalies in the process from time to time and coordinating efforts with Tech, Data Quality teams (Jira, Data Quality incidents to track) and digital teams to fix issues to improve the process. Show less

  • Regional Process Owner PnL

    Jul 2024 - now

  • Delivery Manager PnL and Market Risk

    Sept 2022 - Jul 2024