This document provides a summary of Deepakraj Devaraj's work experience and achievements. Some of his key responsibilities and achievements include successfully migrating securities finance processes from London to Chennai, being a single point of contact for process queries, creating documentation and training new employees, and ensuring payments and charges are processed efficiently. He has extensive experience gathering requirements, communicating with management, and ensuring compliance. Deepakraj has expertise in process migration and is proficient in various applications related to securities finance, cash operations, and trade support.

1. DEEPAKRAJ DEVARAJ
Mobile no: +919841166020 E-mail:deepakraj86@gmail.com
Work Experience
Achievements:
• Successfully migrated Securities Finance (Lending operations) process from London to
Chennai after testing all the applications and repeated parallel runs
• Single Point of contact for all process related queries and escalation across locations.
• Created Procedure documents and trained the new joiners on the new process post migration
• Strong background in quality initiatives and resolving performance bottlenecks
• Ensuring payments and charges are processed efficiently within the market deadlines
• Extensive experience in gathering, documenting business and functional requirements and
communicating effectively to the top management.
• Ensure acquiescence with compliance standards and regulatory requirements.
• Identified compliance risks from internal business lines and provided training, advice, testing
and monitoring.
• Instrumental creating backups post migrations, each in Chennai and Coimbatore for a proper
BCP split
• Proven abilities to manage multiple assignments efficiently under strict delivery deadlines,
streamlining existing operations along with process improvements
March 2015 – Till Date Team Leader/ Assistant Manager Pershing, BNY Mellon
Company
Handling a Team size of 15, Instrumental in creating the procedures with illustrations and
getting it signed off from the business, process systems and structure for improved
performance.
Ensured to reconcile the report for Interest rate Options in Summit and releasing wires,
Surveillance reports haircuts in Derivates, Security Pricing between broker dealer and Bank, to
ensure maintenance margin (house Call) is maintained with Credit Risk and FINRA.
Dec 2012 – March 2015 State Street HCL Services, Chennai’s London-Chennai
Strong organizational and communication skills with the ability to concurrently direct multiple
business activities are my key strengths. My profile includes 3 process migrations from UK to
India under challenging environment and meeting the management expectations in setting up
the offshore operation site, right from acting a key Team Player to a Process Lead.
Currently working as a Specialist and playing the role of Subject matter expertise. Expertise in
process transition and migration.
Applications and Tools: SLE1: Trade release instruction for Loan, SLE2 : Trade release
instruction for third parties DML: Trade booking System, Equilend: Information source for
reconciliation both lender and borrower, DTC, CREST applications, Bloomberg.
Security Lending/ Securities Finance: Responsible for timely and accurate processing of US 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 Confirmation
Further liaison with agents & borrowers to resolve unmatched failing LRS. Notifying & monitoring
the Corporate Actions
Securities Lending loans and returns, Daily checks on Mark to market amounts to ensure
adequate cash or stock is collateralized (collateral Management) Maintaining Collateral Balance
sheets.. Booking & Settling Third-Party Custody Services. Serve as a point of contact for all
agent inquiries and escalations.
• Trade support covering Equities, Bonds, Fixed Income, Confirmation, Matching,
Settlements, Fails Trade Management ( post settlements )
• Amending, Capturing trades for request received from Brokers, Dealers, Clients, Internal
Departments

2. • Securities finance, US – NON US Equities & Canadian fixed income, loans & returns
bookings, fix errors which leads to reduction in volumes & securities OTC settlements, margin
calls, pricing securities.
• Cash operations, allocation of funds, free of payment trades and there reconciliation.
• Manually settling the trades, Inventory Management, Splitting the trades,
• Carrying out various activities related to trade investigations, settlement, booking,
matching
Payment process on swift transfer, working on trade/task exceptions and failing trades
• Involved in the inventory Management functions including stock allocations & stock splits
• Ensuring manual timely instructions and cancelling them as per the requirements,
Interacting with agents and internal departments to confirm market settlements and
Identifying trade discrepancies/issue escalations to appropriate risk management team.
Global Markets Reconciliation: Cash Reconciliation of all internal Breaks & Stock Allocations,
Derivatives.
• Identified the payment amount which received from the Billing broker (Lead Manager)
should be match with the State Street Syndicate desk. If not contact the counterparty to
explain the pricing sheet agreement and to receive the exact payment.
• Overseeing Breaks such dividend , Rate mismatch are sort out at time manner , due Hair
cut values in Margin calls , to maintain the maintainece margin
• Overseeing all complex Nostro breaks arising out of swap trades are settled without
discrepancies and to sort trade discrepancies.
• Interaction with Front & Middle office teams, Settlements, Confirmations and Trade
Support teams to resolve complex discrepancies in transactions.
Sep 2008- Nov 2012 Royal Bank of Scotland (RBS BUSINESS SERVICES Pvt Ltd)
Reference Data Management - CDM- - Project Implementation Team Nucleus Technical
Centralization – Golden source Application
GBM Client Data Management - Treasury SSI Team
I work in a team of 10 colleagues supporting various types of client in the Treasury world. This is
a team deals with the setup of Standard Settlement Instructions (SSI) for various clients and
thereby facilitating in the automation of payment process.
 Responsible for the execution of correct and on time processing of all, standard and
complex requests sent by Middle Office.
 Allocation of requests and Projects to the team members; checking and review the work
at second tier level ensuring quality and supervise all cut-off time is met.
 Provide daily MIS to management and other interested parties when they require.
 Periodic reviewing of work procedures & discuss the amendments with the departments
and my manager.
Applications and Tools:
• Bloomberg : System used for booking trades for fixed income
• Wall Street : Settlement systems for FX/MM,
• Stream : Settlement systems for equities but used for Asia market.
• AIDA : Generating codes for counterparty and sub account creation
Project: Reference Data Integration (ABN – RBS)
Client: RBS, NatWest, Ulster Amsterdam (UK)
Project overview: The project involved migrating ABN counterparties from ABN source systems
to RBS target systems and managing around 4 product streams. It involves liaising with the
Business for product information, ABN IT, ABN/RBS SMEs and RBS BAU teams.
Applications Involved : Wall Street, System X, GFX, Nucleus
FX, MM, FXO Business integration project: Project overview: Migrating business from ABN
AMRO to RBS

3. Systems involved:
• GFX - Front office deal booking system ( FX )
• System X - Front office deal booking system ( FXO)
• Wall street - Settlement system & Trading system
• Nucleus - Golden source
 Migrating Business from ABN AMRO to RBS
 To ensure that the migrated static data feeds into all the downstream systems properly
 Check for live trades and ensure the payment flow is proper
 Dress Rehearsal activities over the weekend in DR Environments of Nucleus, Wall Street
 End user testing ( UAT ) for all the new functionalities added into RBS Trading /
settlement systems
 To check and review that the added new functionalities doesn’t affect the businesses of
Global Banking & Markets
Global Transaction Service : Transaction Filtering (Anti Money Laundering ):Project
Overview : Used related tools to prevent fraud and identity theft losses. Make sure that systems
and Anti Money Laundering (AML) processes meet the requirements of regulatory
Applications Involved : Fricosoft, Reuters, World Check Back Office
 When the payments come and hit the filters, should check if the payment are duly adhere
to the guidance and norms then process the same ( MT 103,202 540,541,542)
 Process payments in accordance with compliance, OFAC, AML and EMBARGO policies.
 Ability to track and analyze OFAC false positives and provide reporting to AML and
Department Manager for improved efficiencies
 Successfully releasing messages from FRICOSOFT application which filters financial
messages against terrorist and fraudulent activities as well as organizations across the
globe listed in Special Risk Client List
 Reviewed Risk Management database reports for compliance and fraud prevention and
reported all suspicious activities.
 Handled and managed a caseload of investigations, performed analysis and follow-up.
Retails and Commercial: Debt Management & Fraud Operations, Payment Protection
Insurance. My responsibilities included working on the selection and return of processes like
Point of Sale, Loans, Fraudulent Check detection, Direct Debit and Standing Orders, Direct
Business Banking and Mortgages.
 I have been worked with different departments in RCO which include Debt Management &
Fraud Operations, Payment Protection Insurance. In Debt Management & Fraud
Operations unit, we dealt with delinquent account, all default customer fall into this wing,
 My responsibilities included working on the selection and return of processes like Point of
Sale, Loans, Fraudulent Check detection, Direct Debit and Standing Orders, Direct
Business Banking and Mortgages.
Client Management:
 Will drive business and interfaces with the clients with respect to reviews, reports and
escalations.
 Build and maintain effective long-term relationships with key members of the client team.
 Identify opportunity for growth of the product/services and participate in transitions.
 Develop & sustain relationships with customers with a view to proactively enhance
customer service levels & resolve service issues.
 Notable Contributions: Recognized for contributing in successful migration of 3 processes
from UK to India.
 Received Best Team Award.
 Recipient of Spot & Gem of the Quarter Awards for excellent performance.
 Deftly handled Settlements Transactions from the booking of the trade till its settlement.
 Competently managed heavy volumes of approximately 400 exceptions daily.
 Identified discrepancies in the workflows & carried out necessary suggestions to amend it.
 Successfully met all the benchmarks and delivered 100% accuracy

4. Project Assignment:
 Overview of European & UK trend analysis and structure of its daily flow of volumes.
 Process management and Building the internal workflows to minimise escalations and
streamline the process.
 Contribution in automating the process flow management
Academic Credentials
• MBA in Finance [2006-2008] from RMD Engineering College, Chennai, India
• Bachelor of Commerce [2003-2006] from DG. Vaishnav College, Chennai, India
• Higher Secondary [2001-03] from St.Marys.A.I.H.Sec.School, Chennai, India
• Senior Secondary [2000-01] from St.Marys.A.I.H.Sec.School, Chennai, India
Extra Curricular Activities
• Participated in the sporting event called “Coliseum” at PG Level
• Instrumental at forming an NGO called “UTSAAH” with college mates at PG Level
• Participated Inter college management fest
• Active member of CSR
OTHER ACCOMPLISHMENTS
• Certified in Transition Management Program awarded to the top 20% performance category
• Adept in building strong counterpart relationship with key stakeholders from the business
group
• Applauded and recognized by the UK business team for successfully migrating 3 complex
processes
INTERESTS
• Photography
• Actively involved in corporate social responsibility activities
• Follow most sports, especially cricket