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Rajat Nathan, MBA, FRM®

PRODUCT MANAGER - Financial Technology

Rajat is a capital markets professional with over 15 years of experience in the financial services industry and a strong track record of performance in the technology domain.

Key areas of focus have been business transformation via technology solutions, product development and management, application design and build, data analysis, business process engineering and operations automation.

Rajat has successfully implemented key technology initiatives across Capital Markets OTC derivatives - Trading Risk and Valuation areas, delivering cost efficiencies and revenue enhancement opportunities while minimizing operational and regulatory risk.  

CORE SKILLS: Python, SQL, Agile methodologies, Software Development Lifecycle (SDLC), Scrum, Requirements Gathering & Analysis, Solution Architecture

BUSINESS KNOWLEDGE: Interest rates, foreign exchange (FX), credit, equity, fixed income and derivative products

Experience HIGHLIGHTS

  • Advised clients on a variety of capital markets technology projects within Derivatives and Risk Technology areas

  • Driven product delivery of strategic trading/risk platforms and successfully managed a breadth of projects including application builds, system integration and platform enhancements

  • Certified Financial Risk Manager (FRM) who understands risk and valuation in the global context and brings added value to his engagements through this perspective

KEY COMPETENCIES

STAKEHOLDER MANAGEMENT and PRODUCT ROADMAP

Managing internal and external stakeholder expectations against product priorities and strategic vision. Building out business cases, pros/cons and SWAT analysis to facilitate and guide stakeholder decision process towards the product roadmap

Business & Technology Solutioning

Assessing cross organizational operational requirements and translating them into technology specifications using logical and visual frameworks such as story maps, technology architecture diagrams, decision trees, business process flows and stakeholder presentations

Design and Implementation

Working closely with application product owner and development leads to guide application UX design and enabling implementation of target technology architecture and interface design 

Agile DELIVERY MANAGEMENT

Proactively interfacing with the agile scrum team of analysts, developers and testers to ensure iterative delivery of product features and capabilities against product roadmap

RELEVANT EXPERIENCE

June 2019present

Director Project Management, Global Derivatives Trading and Risk Technology

CANADIAN IMPERIAL BANK OF COMMERCE (CIBC) | Toronto,ON

Leading cross line of business delivery of key trading and risk management technology initiatives supporting the global derivatives business ($3.4 Bn annual revenue - 2020), working closely with internal and external stakeholders to drive application product vision and strategy against business initiatives such as new product rollout, trading/market data platform integration, risk and regulatory initiatives

Oct 2018May 2019

Manager, Canadian Capital Markets Risk Advisory

ERNST AND YOUNG (EY) | Toronto,ON

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

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

Additionally, Rajat had also managed capital markets risk technology implementation of Machine Learning solutions for anomaly detection and imputation of market data. 

Jun 2014Sept 2018

Manager -Business Analysis, Capital Markets Practice

FIRST DERIVATIVES PLC. (FD) | Toronto,ON

Led the analysis on a variety of capital markets technology projects across Tier 1 Canadian banks' Global Derivatives and Strategic Risk Technology team. Worked closely with sales and trading business and derivative technology teams on implementing a breadth of initiatives that included - new business rollout, platform integration & enhancements, legacy system migration and regulatory initiatives.

Key Highlights

  • Delivered 871(m) regulatory project (US-IRS) for Equity derivatives business
  • Supported clients’ legacy system migration of structured products business 
  • Delivered T+2  settlements solution for the OTC swaps and options business
  • Delivered IFRS 9 implementation of Hedge Effectiveness reporting system 
  • Advised on Variation Margin netting optimization; saving significant margin 
  • Created strategic technology roadmap for structured notes business which involved alignment of future state technology architecture, channel integration and workflow optimization
Jan 2012May 2014

Management & Technology Consultant

CAPITAL MARKETS COMPANY (CAPCO) | Toronto, ON

Delivered various business and technology projects at large Canadian and U.S financial institutions.  During this time; Rajat had progressive roles in business analysis, management strategy, business process optimization and technology delivery in Capital Markets, Wealth Management and Retail Banking areas.

Portfolio Highlights

  • 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 cross organizational business processes to guide transformation
  • Creating financial models to substantiate business cases for strategic proposals.
  • Managing work-stream and project activities through effective communication with internal and external stakeholders
  • Presenting project artifacts such as system and data architecture diagrams, process flows and strategic proposals for executive decision making
  • Supporting 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

Analyst – Closed End Funds Arbitrage Trading

ROYAL CAPITAL MANAGEMENT INC. | Toronto, ON

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 he 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

Education

NOTABLE COURSES/CerTIFICATES

CERTIFIED FINANCIAL RISK MANAGER (FRM®)                                                                    
GARP FRM Program

June 2019

Massachusetts Institute of Technology

MIT Fintech: Future Commerce Course 
Field Of StudyEntrepreneurship/Entrepreneurial Studies
2016 – 2017

UNIVERSITY OF MICHIGAN

Programming in Python 
2015 -2016