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CAREEr Summary

Rajat is a capital markets and risk professional with over 12 years of experience in the financial services industry. His key areas of focus have been trading systems, derivatives valuation & risk, business & solution architecture and regulatory compliance.

He has led and executed large scale delivery portfolios for business and technology transformations across the financial services sector, with expertise in wholesale banking, trading & risk functions, asset managers and hedge funds.

Rajat has extensive experience in managing project delivery lifecycle, from the point of understanding business requirements to designing an integrated solution (system and processes)  that fits the needs of the business, all the while putting unrelenting focus on quality.

Experience HIGHLIGHTS

  • Rajat has advised clients on a variety of capital markets technology projects within Derivatives and Risk Technology teams.
  • He has served on core trading/risk platforms for derivative products and assisted on a breadth of projects including application builds, system integration and front end platform enhancements.
  • Rajat is currently pursuing the Financial Risk Manager (FRM) designation.

Professional Accomplishments

October 2018May 2019
Ernst and Young (EY)

Manager - Canadian Capital Markets Risk Advisory

As a manager within the Capital Markets Advisory practice, Rajat has advised clients on regulatory initiatives such as IBOR transition and ISDA's Standardized Initial Margin Model for non cleared derivatives.

More recently, he had assisted a Canadian bank meet the US regulatory mandate (Federal Reserve Board/BCBS) for the implementation and use of Internal Model Based risk measurement approach.

Rajat has also advised capital markets risk technology clients on implementation of Machine Learning solutions for anomaly detection and imputation of market data. 

Jun 2014September 2018
FIRST DERIVATIVES PLC. (FD) Toronto,ON

Manager - Capital Markets practice

Delivered a variety of capital markets technology projects within the CIBC Global Derivatives and Strategic Risk Technology team. Worked on core trading/risk platforms for derivative products and implementing a breadth of projects including application builds, system integration, front end platform enhancements, business migration projects, client notifications & settlements initiatives, downstream data provisioning, regulatory initiatives and operational automation.

Highlights

  • Delivered 871(m) regulatory project (US-IRS) for the clients’ Equity derivatives business
  • Assisted clients’ legacy system migration of structured products business and integration with downstream groups such as market risk, credit risk, client notifications, settlements and regulatory.
  • Delivered T+2 notifications & settlements solution for clients’ swaps and options business
  • Delivered IFRS 9 implementation of Hedge Effectiveness reporting system for the clients capital markets finance group.
  • Advised client on Variation Margin trade netting rules engine implementation. The rules engine helped the client realize cost benefits related to clearing of exchange traded products.
  • Advised client in the identification of technology strategy for their structured notes business which involved alignment of future state technology architecture, channel integration and workflow optimization.
Jan 2012May 2014
CAPITAL MARKETS COMPANY (CAPCO) Toronto, ON

Consultant

Over two and a half years at Capco, Rajat delivered various business and technology projects at large Canadian and U.S financial institutions.  During this time; Rajat had progressive roles in business analysis, strategy, process optimization and technology delivery in Capital Markets,Wealth Management and Retail banking areas.

Project Portfolio:

  • Major credit card conversion program for 750,000 acquired customers with loyalty points at TD bank.
  • Strategic project to identify cost reduction opportunities through process automation at a large U.S insurance company (Fidelity National Financing).
  • Strategic project at BMO Capital Markets  to analyze capital markets middle office reconciliation processes across systems/product groups and developing a comprehensive view of the current state to address process gaps using a phased implementation plan.
  • Business Strategy project at TD Wealth to develop a comprehensive strategic plan that outlined a series of well-defined technology change initiatives across business units that had top line impact to the LOB.

Key Responsibilities

  • Analyzing business requirements using analysis of cross organizational business data. 
  • Creating financial models to substantiate business cases for strategic proposals.
  • Managing work-stream and project activities through effective communications with various stakeholders.
  • Presenting project artifacts such as system and data architecture diagrams, process flows and strategic proposals for executive decision making.
  • Managing development activities by translating business requirements into solution specifications.
  • Applying strategic thinking and thought leadership to develop key recommendations for businesses based on business analysis, current state assessment and industry best practices. 
Sep 2010May 2011
ROYAL CAPITAL MANAGEMENT INC. Toronto, ON

Analyst – Closed End Funds Arbitrage Trading

As analyst for a closed end fund arbitrage portfolio valued at 25 million dollars, Rajat was responsible for researching new opportunities for investment, modelling of current and target investments, technical analysis and creation of proxy portfolios to ensure minimization of error in Net Asset Value estimates.

Achievements:

  • Generated a ROI of 6.5% over a reporting cycle during which I independently managed the portfolio.
  • Produced automation of internal data reports to generate information for P&L risk management.
  • Increased portfolio size by 7% by realizing new trading opportunities within the investment mandate.
Sep 2007Sep 2010
RBC GLOBAL ASSET MANAGEMENT Toronto,ON

Institutional Funds Analyst

This role presented a great opportunity to learn about the operations side of the Asset Management business through interactions with risk management & compliance, trading and portfolio management areas and it is where he developed his passion for financial markets.

Education