Iyer Balaji

Business Manager ICG Markets Citibank Hong Kong

Summary

Masters in Finance graduate from National university of Singapore and Nine years of experience in Citibank Four years of experience in ICG Business Management, and five years of experience in Valuations and PnL reporting for private Banking clients

Work History

Work History
Apr 2015 - Present

Regional Business Manager  ICG Markets

Citibank Hong Kong

Financial Management

  • Financial and business management  budgeting, variance analysis, expense and resource tracking.
  • Perform regional sales and trading revenue report, expense report and prepare presentations to senior management
  • Provide financial and business management support to EMEA and North America as required.

Regulatory,  and Compliance testing

  • Review daily HKMA Spot, Bond fixing and Perform Testing, and variance analysis
  • Monitor daily Rate, Spread Analysis, and Testing
  • Managed HKMA and MAS regulatory projects HKEX and Trade Repository.
  • Assist the Trading desk, Bank Sales, Corp sales, Institutional sales in undertaking, investigating and resolving general compliance and investment surveillance alerts 
  • Review the marketing material, Term sheet and GMR agreements
  • Assist in collecting information for regulatory filings/audits;
  • Assist in developing and reviewing compliance and regulatory policies and procedures, outlining the Firm's policies, regulations and best practices

Project Management

  • HKEX CCP - Single point of contact for between HKEX and internal stake holders like Technology, PCG, Front office, Risk and compliance 
  • Trade Repository - Single point of contact and coordinated in reporting derivative transactions

Management Reporting

  • Produce management dashboard and other metrics to assist regional and country level management in strategic and operational planning.
  • Manage New employee on boarding, summer internships.
Dec 2011 - Mar 2015

FX and Local Markets Trading Desk  Manager  FXLM

Citibank Singapore

PnL Reporting

  • Establish robust PnL procedures for FX and FI Trading desk
  • Review daily PnL reviews for the new deals covered including novations and assignments
  • Review daily live PnL estimation and valuations for Fixed income products, swaps, bonds, FX, NDF, Swaption and other derivatives

Review Cancelled and Amendment reporting

  • Report PnL impact for Cancel/Amends trades, Step in, remaining party novations, and Package Collapse.
  • Verify attribution and RRR Reporting, analyze rate reason ability report for Fixed income and FX products
  • Perform and analyze the price testing results, identifying any potential risk areas in terms of valuation.
  • Working closely with stake holders PCG, Market risk in resolving risk and PnL issues.
  • Key contact for regulatory, internal and external audit

The Volcker, and Dodd Frank Reporting:

  • Preparing and monitoring Volcker Regulatory reporting
  • Sign off maintenance and tracking of Finance reports
  • Leading threshold monitoring and escalations to Senior Management
  • Preparing process documents
  • Updating guidance material for wider Product Control team
  • Ensuring all activities and duties are carried out in full compliance with regulatory requirements
  • Global regulatory initiatives  Dodd-Frank,
Sep 2005 - Nov 2011

Equities Structured Products Operations Manager

Citibank Private Bank
  • Priced, Reviewed, reconciled third party Exotic derivatives party MTM prices for private  Bank clients.
  • Responsible for accuracy of MTM reported in client statement
  • Processing of exotic equity, fixed income, FX derivative transactions and related pre-confirmations.
  • Exotic products include Accumulators, Deccumulator, Daily Range Accruals, Asian options and other derivatives management.
  • Coordinate with various internal/external counterparts to ensure timely trade processing/settlement
  • Managed Internal Projects such as Equity Accumulators, Deccumulators, and Option summary statement
May 2001 - Sep 2005

Business Analyst Polaris Software Lab, India

Polaris Software Lab India Hyderabad & Chennai

Credit Platform for US and LATAM

  • Managed technology project budget of $1 Mio
  • The project titled Credit platform for private banking clients. The project included credit approval process,
  • margin lending and loan against collateral
  • Drafted business requirement and led meetings with Citibank to review project status and proposed changes.
  • Created release and project plans and established stakeholder expectations.
  • Defined project deliverable s and monitored development, User testing.
  • Managed a team of 15 members. Responsible for appraisal process and career development

Business Analyst Registrar and Transfer Agency India

  • Drafted business requirement and led meetings with Citibank to review project status and proposed changes.
  • Created release and project plans and established stakeholder expectations.
  • Defined project deliverables and monitored development, User testing.

Education

Education
2010 - 2012

M.Sc - Part time

National University of Singapore Singapore

Financial Engineering

1999 - 2001

M.B.A

Institute of Management and Research India

Systems Management