Gururaj Bidarkar

CEO

Hyderabad, Telangana, India20 yrs 5 mos experience
Most Likely To SwitchHighly Stable

Key Highlights

  • 17 years of finance experience in Middle and Back office operations.
  • Expertise in Business Analytics and Change Management.
  • Proven track record in client onboarding and project management.
Stackforce AI infers this person is a Fintech professional with extensive experience in Middle Office operations and Business Analytics.

Contact

Skills

Core Skills

Middle OfficeBusiness AnalyticsEquity TradingReconciliationClient OnboardingProject ManagementCorporate ActionsWorkflow AutomationExternal AuditChange ManagementReporting

Other Skills

Trade CaptureProcess ImprovementData ManagementSWIFT MessagingDisaster RecoveryInternal ControlsData AnalysisTransaction & Reference Data (TRD)Trading SystemIT AuditBusiness Process ImprovementBusiness Process AutomationEquityManagementProgram Management

About

Finance professional with overall experience of over 17 years with expertise in Middle and Back office operations, Business Analytics, Reconciliations, Audit, Change Management and Client On-boarding.

Experience

Arcesium

3 roles

Vice President

Promoted

Jan 2022Present · 4 yrs 2 mos

Senior Manager

Promoted

Jan 2018Dec 2021 · 3 yrs 11 mos

  • Manage the daily Middle Office Operations across various clients and mentor the team of 10 on best practices for handling the ever-changing client requirements and being the escalation contact for all client issues.
  • Coordinate with the senior management of different teams within the firm to emphasize the client needs and facilitate business analytics required to prioritize and implement appropriate firm-wide solutions.
  • Member of Services Working Group to discuss and implement firmwide efficiencies across platform and processes.
  • Provide inputs for firmwide strategic projects and chair meetings across senior management on the discussing the industry best practises and carving the next steps for ensuring a happy client.
  • Maintain and track all project management functions for overall Services group on existing and upcoming projects and being the single point of contact for all Middle Office functions and needs.
  • Coach and mentor a team of professionals, conduct performance reviews and help them hone their skills even in the most challenging conditions.
Middle OfficeBusiness AnalyticsClient On-boardingChange ManagementProject Management

Manager

Jul 2015Dec 2017 · 2 yrs 5 mos

  • Seamless processing of daily trade capture activity across asset classes (Equity, FI and Derivatives) for all clients and ensure timely generation of Flash P&L reports at the end of day’s trading session.
  • Provide the first level of trade and position sign off to clients based on day’s trading activity by same day EOD. Manage any manual bookings for OTC products such as CDS, IRS etc. to ensure correct SOD reporting.
  • Frequent coordination with the technology team to implement STP systems associated with Middle Office operations such as upstream data feed sources and downstream reporting needs.
  • Independently established the end-to-end life cycle support for Bank Debts(Loans) in the platform using Geneva’s modelling capabilities and trained the team to deliver daily servicing of Loans.
  • Identified areas of efficiencies in daily processes and successfully generated & implemented ~3 FTE worth savings.
  • Foremost member of the pilot group focussed on understanding the client requirement and aspects required to onboard the client’s business onto the firm’s infrastructure. Successfully onboarded ~50 PMs for the client in 3 yrs.
  • Worked extensively on Citco Generic Trade Loader(CGTL) and assisted in developing the proprietary trade capture file format addressing the limitations of CGTL and addressing the specific platform needs especially for OTC trades.
  • Chair periodic meetings with the client (services and technology teams) to identify, improve, facilitate new processes discussions and to eliminate any issues reported in the platform by spec’ing out the requirements.
  • Work closely with the Services team to ensure all data inconsistencies in the reporting platform are addressed to match the month end reports of the client.
  • Managed team size of more than 6 Analysts and Senior Analysts in generating reconciliation statements (Cash, Trade and Position), first level of firm wide P&L statements including troubleshooting all issues.
Equity TradingTrade CaptureReconciliationProcess ImprovementClient Onboarding

D. e. shaw india software private limited

3 roles

Manager

Jan 2012Jun 2015 · 3 yrs 5 mos · Hyderabad Area, India

  • Successfully integrated Corporate Action tool with Middle Office, identified gaps and created detailed specs to capture notification data (MT564/8) over SWIFT platform. The entire effort saved ~6hrs per day of manual effort.
  • Established automated reconciliation of Corporate Action event information between counter-parties along with the associated workflow to manage the same
  • Established workflow on firm wide corporate action bookings for various Equity related corporate actions and ensuring these are booked at the start of each trading session
  • Centralized the Corporate Action workflow (event notification to trade capture) by building the automated booking infrastructure and integrating it with the CAT tool in order to establish a seamless process.
  • Streamlined the process of security creation/maintenance of instrument data for all kinds of instruments by ideating the concept of "Asset Template" to define the critical attributes and implement database level validations.
  • Maintain sanctity of global security identifiers by coordinating with the data vendors such as Bloomberg, Reuters and IDC for data inconsistencies reported between vendors as part of the automated feeds received.
  • Identified the various sources of position limit data relevant to various asset classes that are traded in the firm and coordinated with various exchanges to get the data in desired format for STP within the firm.
  • Initiated and built a robust alerting mechanism to inform the trading desk at the time of booking a trade rather than performing a post trade analysis of the positions which delivered a saving of ~10 hrs of manual effort per week.
  • Managed a team of 10 members that support the firm’s trading activity by booking trades into the system for Equity and ABS related products such as corporate actions, Repo, CDS held by the firm.
Corporate ActionsReconciliationWorkflow AutomationData Management

Project Leader

Promoted

Jul 2009Dec 2011 · 2 yrs 5 mos · Hyderabad Area, India

  • ● Manage the firm wide external audit process by coordinating with external auditors (E&Y) each year on the scope of testing.
  • ● Identify the critical areas of the firm’s operations present the findings to the management for their approval and set up internal controls based on the auditor findings on the potential risks that the firm is exposed to.
  • ● Identified the need for a centralized process to manage the IT change management within the firm and worked closely with the management to establish a Change management policy. The Change Management portal today is serving as a firm’s central repository to review the changes across the firm.
  • ● Effectively managed the firm's BCP implementation and worked on designing, collecting and collating infrastructure information, resource allocation, application ownership, delegation, collaboration with development teams and enforcing them to create accurate and unambiguous Disaster Recovery procedures
External AuditChange ManagementDisaster RecoveryInternal Controls

Analyst/Senior Analyst

Jun 2005Jun 2009 · 4 yrs · Hyderabad Area, India

  • ● Responsible for generating various reports such as the EOD trade blotter to various counterparties, cash/position/trade/dividend reconciliations, EOD Profit and Loss statement for FinOp & management
  • ● Coordinated with FinOp, development team and the counterparties on the format of the files in order to streamline the process and define a standard.
  • ● Worked closely with FinOp and development team to define reconciliation logic to effectively map all data from broker statements with the firm’s positions.
  • ● Identified, analyzed and proposed changes in the process of generating PnL statements such that the respective stakeholders have access to generate reports on demand rather than depending on scheduled run on the firm’s scheduling software
  • ● Coordinate with the internal stakeholders and define stringent approval process for granting access to any firm wide application. Ensure that permission levels and the approvals are called out explicitly on the tickets in order to comply with the external auditor requirements
ReportingReconciliationData Analysis

Education

ICFAI

PGDBA

Jan 2002Jan 2004

Osmania University

PGD-MISCA — Mgmt Info Systems

Jan 2001Jan 2002

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