SWARUP KUMAR Y
Regulatory Reporting Associate
Chennai
Summary
Dynamic, results-driven professional committed to fostering collaboration and driving team success. Demonstrated expertise in managing diverse teams, overseeing project execution, and thriving in fast-paced environments. Recognized for reliability, adaptability, and exceptional organizational skills, ensuring seamless operations and consistent achievement of objectives. Prepared to embrace leadership responsibilities while focusing on team empowerment and strategic growth.
Overview
9
9
years of professional experience
Work History
Team Lead
Bank of America
06.2025 - Current
- Developed and implemented training programs for new team members to improve onboarding experience.
- Analyzed performance metrics to identify areas for process improvement and drive team success.
- Fostered a collaborative work environment by mentoring team members and promoting knowledge sharing.
- Understanding the HKMA, ASIC, and MAS guidelines and regulations related to OTC derivative transaction reporting and resolving exception/NACK messages from DTCC.
- Responsible for monitoring trade reporting, implementing controls to monitor risk, and escalating errors in line with the Global Regulatory Control Framework.
- Implementing the business requirements in Power BI dashboards. Involved in creating calculated fields, mapping, hierarchies, and action filters in worksheets and dashboards.
- Performing and managing data submission requests on a timely basis and adhering to the successful submission SLA of T+2.
- Publish clear MI to provide transparency and oversight of reporting.
- Handling the QA (misreporting) for HKMA, ASIC, and MAS.
- Identified reporting and operational inefficiencies in the OTC Derivative Products and OTCD Market, and provided remedies.
- Provide support for the daily reconciliations between the trading systems and the Trade Repository.
- Monitoring daily regulatory controls, booking reports, taking remedial action where appropriate, and recording metrics.
- Raising strategic JIRAs for genuine or non-genuine breaks in a timely manner.
- Working with technology teams to help determine the root cause of issues.
- Handle complex regulatory inquiries from clients and the regulator.
- Interacting with offshore and onshore colleagues as part of daily controls.
- Liaise with the technology team to discuss issues, address concerns, and facilitate projects.
- Periodically review the procedure documents, checklists, and make changes if required.
Analyst
HSBC
06.2022 - 06.2025
- Knowledge of regulatory reporting frameworks, like HKMA, ASIC, MAS, and EMIR trade reporting.
- Understanding the EMIR, HKMA, ASIC, and MAS guidelines and regulations related to OTC derivative transaction reporting, and resolving exception/NACK messages from DTCC.
- Performing and managing data submission requests on a timely basis and adhering to the successful submission SLA of T+2.
- Handling the QA (misreporting) for HKMA, ASIC, and MAS.
- Identified reporting and operational inefficiencies in the OTC Derivative Products and OTCD Market, and provided remedies.
- Provide support for the daily reconciliations between the trading systems and the Trade Repository.
- Monitoring daily regulatory controls, booking reports, taking remedial action where appropriate, and recording metrics.
- Raising strategic JIRAs for genuine or non-genuine breaks in a timely manner.
- Handle complex, regular inquiries from clients and regulators.
- Periodically review the procedure documents, checklists, and make changes if required.
- Collaborated with cross-functional teams to enhance process efficiency and data accuracy.
Senior Analyst
Northern Trust
05.2019 - 06.2022
- Analyzing and investigating the valuations breaching the tolerance levels by reconciling the market values between Northern Trust and a secondary source (IMCP valuations) through Bloomberg, performing root cause analysis of new exceptions, implementing enhancements, and providing reports.
- Templating various derivative products that are not under coverage with the vendor to receive valuations and provide them to fund accountants.
- Actively working on identifying and implementing process improvements in consultation with the team leader.
- Handling queries from different teams, as well as from the clients.
- Interacting with the client in the case of a trade booking issue, as well as in terms of price difference.
- Coordinating with various teams within the Operations Department, vendors, and investment managers to resolve client queries and work towards providing accurate data.
- As a senior partner in the team, I ensure that day-to-day SLA and quality parameters are checked and met at the end of the day by all the team members.
- Providing valuations to various fund accounting teams across derivatives via the vendor, and ensuring accuracy and timeliness of client deliverables.
- Actively working on self-initiated process improvement ideas, streamlining, and aligning the controls, which have a positive impact on time, risk, and efforts.
- Facilitating various service review meetings with counterparts to evidence internal or external clients' satisfaction, and to enhance productivity. Timely addressing of the challenges raised by the client relating to market movement.
Associate Financial Analyst
Wells Fargo
10.2016 - 03.2018
- Work on IRIS (Image Retrieval Information System) and SunGard asset management systems to assist clients in their requests for stock transfer, subscription, and redemptions, or deposit shares from their accounts with the SEC standards.
- Reviewing the processed volumes of new team members to validate their performance. Generating an internal audit report to bring the new team members on as BAU operators in ownership change and voluntary cash.
- Worked on Excel-based MIS reports related to processes like BOD, EOD, and Daily Production Report.
- One of the major tasks is transferring ownership of stock from one shareholder to another shareholder by analyzing various documents, like Medallion guarantee, corporate resolution, certificate of fiduciary, letter of administrator, tax waiver, letter of testamentary, power of attorney, and request for taxpayer identification certification (W9).
Education
MBA - Finance
GCC, Bangalore University
Bangalore06.2016
BBA - Finance
CIITM, Berhampur University
Berhampur 04.2001 -
Skills
- MS Office
- Bloomberg
- Power BI
- Performance monitoring
- Regulatory compliance
- Process improvement
- Training and mentoring
- Summit
Accomplishments
- Achieved Wells Fargo Champion award for the first quarter of 2018.
- Received a spot award from the management for quick response and complete the query within the time line and efficient handling of queries in spite of a shortage of partners.
- Received Spot awards from the FA’s for actively communicating and handling the issue without delaying the NAV for the funds.
- Leading the team during transfer of work session wherein it involves a day’s work to be transferred to other global counterpart team to sustain during business resilience.
- Managing the team in absence of Senior members, ensuring that the SLAs are met, supervise and coordinate the operations and ensure that the team members respond quickly to requests from the clients and stakeholders.
Timeline
Team Lead
Bank of America
06.2025 - Current
Analyst
HSBC
06.2022 - 06.2025
Senior Analyst
Northern Trust
05.2019 - 06.2022
Associate Financial Analyst
Wells Fargo
10.2016 - 03.2018
BBA - Finance
CIITM, Berhampur University
04.2001 -
MBA - Finance
GCC, Bangalore University