Vijay Gwalani

Experience

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  Citi

  Aug 2009 - Dec 2012

  Assistant Manager (C07-C09) Information Security

  Managed reviews of systems used by the contractors to support Citi businesses & thereby eliminated potential risks with respect to segregation of duties.Liaised with Citi business managers across the globe for validation of functional profiles & access privileges required to support their businesses.Prepared and presented reports, dashboards providing forecasted and daily snapshot of the review volumes to the senior management.AccomplishmentsConceptualized and successfully implemented the entire process of entitlement reviews of contractors supporting Citi businesses.Automated access rights template creation process using VBA macros. Pitched additional business contacts and thereby increased review scope by 22% No discrepancy noticed in 98% of the samples examined during the first Audit. Show less

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  Citibank India

  Dec 2012 - Feb 2016

  OTC, Exchange traded derivatives & Commodity HedgingAssisted front office structuring team, relationship managers with the requirements to onboard clients for hedging using OTC & Exchange traded derivative products.Ensured that the on-boarding was in compliant with RBI , SEBI & KYC guidelines.Interfaced with Clients, RMs, banks to educate and resolve queries with respect to confirmations, underlying exposures & other onboarding requirements.Verification financial parameters of derivative contracts against trades booked by the front office team.Examined underlying FX, interest rate exposures of the client’s business against hedges undertaken.Reconciliation of exposure limits against hedges booked to ensure no over hedging.Liaised with Legal/Compliance to deliberate on products, operational & regulatory changes & modifications in derivative contracts.Managed various internal and external audits successfully.Monitored and reconciled hedging limits of clients. Periodically reviewed processes to incorporate additional controls in order to avoid any potential operational risks.Assisted front office TMOs with the requirements to onboard customer forcommodity hedging.Advised on the regulations, requirements and operating procedures basis client’s business model, commodity and exposures.Acted as a SPOC and liaised with various partner units to facilitate settlement of commodity trades.Scrutinized regulatory submissions of the client. Conducted the required duediligence of the submissions prior to settlement of the trades Show less Settlements and Sanction screeningCoordinated with the settlements team and steered the OSP (TCS) for screening of settlements as per Citi sanction policy.Coordinate with AML compliance team to resolve potential OFAC matches and for any guidance required with respect to sanctions policy.As a governance control, conducted periodic checks to ensure there are noslippages, process lapse, errors during the screening process.Worked with technology team for implementation of various enhancements in the Systems, UAT and the final release.Projects & InitiativesStreamlined process for on-boarding customers for exchange traded derivatives.Implementation of sanction screening process for derivative desk.Enhancement in CMS RPC system for accurate reporting of unconfirmed trades to senior management.Automated contract note generation for currency derivative trades using Macros.Implementation of EFLOW DSS for India Market ops and other APAC countries Show less

  • Senior Assistant Manager (C10) – Treasury Operations

    Dec 2012 - Feb 2016

  • Senior Assistant Manager (C10) – Treasury Operations

    Dec 2012 - Feb 2016
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  Credit Suisse

  Apr 2017 - Apr 2021

  Operational Risk Metrics & Operational Risk Incidents: Responsible for Data sourcing, enrichment &a ggregation of Ops Risk Indicators for Reporting of Operational risk data. Production of monthly OpRisk reports and Dashboards for various Divisions, Business Lines and Legal Entities capturing 300 odd risk Indicators. Coordinating with ORMs, Data Providers, Business COOs and other stakeholders to improve the quality of reports and managing new/change requests. Performing Operational Effectiveness Testing (OET) on a regular interval to test effectiveness of process controls. Support functional development of system and strategic tool for GRC (Governance, Risk & Compliance). Partnered with Risk Managers and conducted discussions with First LoD / Functions for Transitioning of data sourcing activities. Strengthened existing manual processes by incorporating control checks & leveraging on system prepared reports. Supervise & mentor team members with respect to day to day activities and EUC development. Impact analysis of divisional Re-org on incident & metrics reporting. E.g Project Harmonia & Harbour. Ensure Quality responses to stakeholders queries regarding operational risk incidents approval workflow & configuration within Incident Loss data Tool. Developed, Enhanced & Tested below VBA based EUC's/Utilities to create process efficiencies: Trex - VBA tool to produce reports for Comprehensive Capital Analysis and Review (CCAR) •Spot - VBA utility to perform data validations, consume different sources of input and produce various regulatory reports. Translator - Built to transform unstructured data sets with hundreds of attributes to a usable format for Oprisk reporting Show less Key HighlightsOne of the top performers in my team for Year 2018 & 201922 Rave awards from various partner units recognizing my client focusand accountability.Successfully transitioned Metric data sourcing responsibility to 7 functions.Successfully implemented new TOR/Tolerance Statements for 22 Oprisk appetitereports.Eliminated redundant metrics, process steps, resolved inconsistencies and developed VBA utilities to improve productivity.Partnered with IT and ORM framework to successfully implement Global & Divisional dashboards in reporting tool.Successfully Developed VBA utilities for Regulatory reports generating efficiency worth of total 20 man days for Production team. Show less

  • Operational Risk (Team manager)

    Apr 2017 - Apr 2021

  • Operational Risk - ORM

    Apr 2017 - Apr 2021
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  UBS

  Apr 2021 - now

  Associate Director
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  UBS

  -

  Associate Director