1. USHA JAGANNATHAN
Tel: (732) 331-6576 Email: usha.jnathan@gmail.com
SUMMARY
• Bank of America Merrill Lynch
o Market risk Management: 9 years experience in fixed income market risk
o Market risk technology: 6 years in business analysis, database design and database management
• New York University Stern School of Business: MBA in Finance and Computer Science
• Financial Risk Management (FRM) and Professional Risk Managers Industry Associate (PRMIA) certifications
EXPERIENCE
June 2008 to Present: Director: Bank of America Merrill Lynch (New York, NY): Global Markets Risk Management
Risk Oversight
• Designated market risk manager for Global Repo, Structured Financing, Short rates, FX forward and Commercial
paper trading desks. Product focus includes funding structures such as repos & Total Return Swaps, Short end
G10 rates trading (Vanilla, Cross Currency & tenor basis swaps, Sovereign bonds/ bond futures, exchange traded
hedge instruments, FX spot & forwards and USD, EUR and GBP denominated commercial paper)
• Strategic responsibility highlights:
o Control functions: Establish trading limits, ensure adherence to trading mandates & risk appetite.
Coordinate projects with Technology & Quants to implement enhancements where there are gaps in risk
methodology (e.g. more granularity in time series), or to accommodate new products (e.g. Treasury
issuance of new Floating rate notes)
o Advisory functions: Review new trades in the context of regulations that affect Balance sheet (LCR, SLR,
NSFR), recommend trading & hedging strategies that reduce VaR, MOL (maximum observable Loss)
usage
o Simplify & Improve: Presented a process efficiency idea to the regional CRO and her leadership team to
unify capturing and reporting “financing” positions across all of Global Markets and the treasury
function. The idea gained traction and system enhancements are ongoing to create a master warehouse
of financing positions.
• Key Daily / periodic responsibilities: Review & report trading activity/positions in the context of daily market
moves and trends & review VaR back testing results against P&L and explain any overages
Regulatory Responsibilities
• Stress Testing:
o Design CCAR & Quarterly DFAST Point of weakness scenarios
o Explain scenario results for all supervisory and internal scenarios & Participate in regulatory follow ups
• Volcker & RENTD:
o Voting member at monthly Volcker control forum providing attestations on risk & positions
o Periodic Review of Desks Trading and Hedging strategies
o Analysis of “reasonably expected near term demand-RENTD” metrics and RENTD limit setting
• FDSF/PRA reporting for position taking in EMEA entities (MLI & BAMLI)
April 2002 to June 2008 (2 years as consultant, 4 years as employee): Merrill Lynch (New York, NY):
Database Designer and Administrator: Global markets technology
• Designed the “On Demand Risk (ODR)” system for the rates desks. System delivers market risk scenarios for
interest rates products leveraging the “Global debt Analytics (GDA)” quant engine.
• Customized the “Martini” repo trading system which was rolled out as the trading platform for all repo trading
activity in Merrill Lynch
• Designed and developed the “Global Collateral Database (GCDB)” which is a warehouse of all securities that the
firm holds overnight & Term and the location of the securities (trading book, DTC box etc)
Jan 1996 to April 2002: Database Management Consultant with Ana-data consulting
• Specialized in Oracle and SQL server database administration. Held consulting roles with clients such as Jones
Apparel Group (Jones New York) & Elizabeth Arden Cosmetics
OTHER INTERESTS & CERTIFICATIONS
• Long Distance Runner & Tri-athlete: Notable participations include the Marine Corps Marathon, Washington DC
and New York City Triathlon