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Parween Naidu Doraisingam

Associate Director, Target Operating Model

Profile

Highly decorated and results-driven banking operations executive with more than 7 years of progressive and combined experience in banking operations management (Cash, Equities, Fixed Income Securities, Settlements, Securities Lending, Clearing, Foreign Exchange, Liquidity Management, and Operational Risks). Demonstrated ability to direct operations in support of business objectives and streamline operations to drive growth, increase efficiency and profitability. Strong performance in designing and implementing robust processes and controls in addition to efficiency gains through change management. Possesses excellent leadership, communication and interpersonal skills.

Core Competencies

  • Global Leadership
  • Strategic Planning
  • Crisis Management
  • Operational Efficiencies    
  • Performance Management 
  • Resource Management      
  • Process Improvement
  • Financial Management
  • Business Transformation

Career Highlights

Analysed, prepared and initiated the migration of China business from GSSC China to GSSC Malaysia which will result in a recurring saves of USD 2.7 MM annually and 30 FTE efficiencies.

Developed and implemented the Virtual Hub model across 3 GSSCs (China, India and Malaysia) to drive service excellence, created leaner structure and reduced inefficiencies which resulted in a gain of 30 FTE saves equivalent to a recurring saves of USD 750,000.

Catalyst for the Straight through Processing (STP) project implementation in 3 phases for Trade Capture businesses resulting in operational efficiencies translating to 15 FTEs.

Won global awards throughout my career including the very first GSSCs Global Collaboration Award, SCB Malaysia Chairman's Here for Good Award, 2 Individual RBC Performance Award and 2 Team RBC Performance Award.

Professional Experience

March 2016Present

Associate Director, Target Operating Model

RBC Investor & Treasury Services

Manage all aspects of project management which includes migration plan, detailed planning, recruitment, training plan, logistics, compliance review, operational risks' review, project funding and liaison with key stakeholders for projects initiated as part of the group's Target Operating Model.

Dec 2014March 2016

Head of Cash Management Operations

Scope International (M) Sdn Bhd

Lead and direct all aspects of Cash Management Operations which includes Telegraphic Transfers, Book Transfers, Foreign  Exchange, Liquidity Management, Global Pricing and Billing System, Cheque Clearing and Custody Payments for Standard Chartered Bank customers across 43 countries while providing leadership and direction for the 230 employees who are the workforce driving the above functions.

Key Achievements:

  • Led and implemented the Virtual Hub Project for GSSC India/GSSC Malaysia/GSSC China resulting in a total efficiency gain of 30 FTEs / USD 750,000.
  • Prepared and submitted the TOM paper to migrate new businesses from 15 countries which will equate to an increase in revenue of USD 3.7 MM within GSSC Malaysia.
  • Plugged revenue leakages of USD 5.22 MM as of December 2015 through conversion of clients into the standard pricing and billing platform across 43 countries.  
  • Developed high performing operations' team to drive growth, scalability, disciplined processes and strengthened controls which focuses on service excellence.
  • Revamped the Cash Operations structure into 2 pillars namely, core operations and support functions resulting in a leaner and efficient structure where 4 redundant senior management roles were identified and removed allowing a cost save of USD 150,000 per annum.
  • Responsible for function's operational risks matters including identification, formulation of action plans, traction on implementation, reviewing the outcome and providing regular updates to the Business and Country Leadership teams.
May 2014Dec 2014

Associate Director, Transaction Management Client Operations

RBC Investor & Treasury Services

Lead and provide direction for 50 employees covering the areas of Market Settlements, Securities Lending, Cash Processing, Foreign Exchange teams for UK, Ireland and Luxembourg. 

Key Achievements:

  • Led the system, process and liquidity changes in relation to the T+2 settlement cycle for European markets. Reviewed the risks and impact associated to the major change.
  • Played an integral role in the implementation of the French Financial Transaction Tax (FTT). Designed the tracking and reporting mechanism for the Luxembourg clients before the process was automated.
  • Worked with the oversight team in the implementation of ESMA regulation for the Luxembourg based clients. 
  • Implemented new tactical plan to mitigate issues arising from an under-performing team which impacted global services and stakeholders in the area of liquidity management and capital markets business. Within 3 months of heightened scrutiny and engagement, the performance was elevated and as a result, the turnaround was acknowledged by  clients and stakeholders.
Feb 2012Apr 2014

Manager, Transaction Management Client Operations

RBC Investor & Treasury Services

Lead the teams consisting of 40 employees servicing Luxembourg in the aspect of Transaction Management, Trade Capture Luxembourg activities which performs Trade Capture, Payments, Foreign Exchange, Settlements, Claims Management, Reconciliation, Derivatives and Fixed Income processing.

Key Achievements:

  • Catalyst for the STP Project within Trade Capture Luxembourg which was implemented in 3 phases. The project yielded a total of 15 FTE efficiencies and an increase in STP rate from 6% to 50%.
  • Restructured the function to optimize the teams and built a well balanced teams resulting in an efficiency gain of two managerial positions.
  • Implemented new deadlines and process methodology for trade operations which was adopted for clients across Luxembourg, Ireland, Singapore and Hong Kong.
  • Individual winner of the RBC Performance Award, global recognition program for 3rd Term 2014.
Aug 2010Feb 2012

Supervisor, Transaction Management Client Operations

RBC Investor & Treasury Services

Lead a team of 11 employees supporting Trade Capture activities for Luxembourg which includes Payments, Foreign Exchange, Settlements, Claims Management, Reconciliation, Derivatives and Fixed Income processing.

Key Achievements:

  • Led and implemented the MT940 automation project resulting in an efficiency gain of 1.5 FTEs and a recurring saves of USD 18,000.
  • Winner of the RBC Performance Award, global recognition program for 2nd Term 2010.
Jul 2009Jul 2010

Administrator, Transaction Management Client Operations

RBC Investor & Treasury Services

Responsible for processing and validation of equity, fixed income, foreign exchange and derivatives transactions in accordance to the deadlines to ensure the NAV computation for the respective funds is accurately executed. 

Education

Reference

References will be made available upon request.