SAGAR MORE
Kuala Lumpur
Summary
Take charge leader with tremendous success in setting-up, leading & directing large-scale operations, catering to clients across USA, UK, ASIA, Europe and North America, contributing to TOM, business continuity, process migration & excellence, and projects delivery. Tested expertise in identifying, analyzing, organizing, and leading scalable operational development opportunities and developing long lasting pragmatic strategic partnerships to flawlessly execute business vision, and influence & drive change to instill a powerful collaborative culture. Catalyst for Change Management, with impeccable record of directing Business/Process Transformation initiatives across various global sites, ensuring operational excellence’ and 'resource optimization'; delivered tangible capacity generation / cost savings to the business. Strategically build/led large teams from scratch to deliver business excellence and executed the strategic vision that not only connected client programs, products and services to operations but also ensured superior client experience and delivered on business goals.
Overview
17
17
years of professional experience
7
7
years of post-secondary education
8
8
Certifications
Work History
VP, New Product Trading Operations
Bursa Malaysia Stock Exchange
9 2022 - Current
- Overseeing and tactically contributing in orderly, efficient and smooth operations of Bursa Malaysia’s Voluntary Carbon Market (VCM) encircling developing and maintaining internal operations processes & rules (both exchange and DBT1)
- Engaging in shortlisting vendors for project and partnering with the appointed tech vendor to design, roll-out and test end-to-end Trading Platform
- Designing operation workflows for the VCM and directing Carbon Market Operations team to ensure the smooth day-to-day operations of the VCM.
- Designing operation workflows for all the 3 businesses and directing the Operations team to ensure the smooth day-to-day operations of the VCM, covering:
- Conducting KYC/AML to onboard new market participants and opening relevant registry and exchange accounts for approved market participants.
- Updating Operations to adhere to the latest regulatory guidelines, with inputs from Head of the Division.
- Developing and maintaining price discovery and order filling process in addition to post-trade processes, e.g. clearing and settlement, management of exchange holdings.
- Managing transactions involving carbon registries, e.g. depositing carbon credits into custody accounts, transferring carbon credits from the custody account to the buyer post- trade.
- Processing daily trades, reconciling transactions, and maintaining consolidated records of all trades.
- Working collaboratively with Malaysian Regulators Securities Commission (SC) & Bank Negara Malaysia including responding to their queries with respect to the carbon market control and governance.
- Partnering with Inland Revenue Board (Central Tax Authority of Malaysia) for taxation treatment and FATCA CRS assessment / implication for Carbon Market business.
- Creating the VCM rulebook for all transaction types (exchange, DBT, and auction) with inputs from other VCM team members and Bursa’s Risk Management Team
- Guiding Operations Executives in conducting market surveillance analyses, identifying any potential market misconduct or anomalies, and escalate important/potential breaches to the Head of the Division, Legal and Risk & Compliance team.
- Oversee the day-to-day operations of the gold marketplace platform.
- Ensure the platform's functionality, security, and usability meet the needs of users.
- Coordinate with technical teams to implement platform upgrades and enhancements.
- Ensure compliance with regulatory requirements and industry standards governing gold trading.
- Stay abreast of regulatory developments and update policies and procedures accordingly.
- · Conduct regular audits and assessments to ensure compliance with relevant regulations.
- Continuously assess and improve the gold marketplace platform and services.
- Solicit feedback from users and stakeholders to identify areas for enhancement.
- · Implement process improvements and product innovations to drive growth and differentiation.
Asst. Vice President – Futures Clearing
HSBC Global Banking Markets
07.2019 - 09.2022
- Provided complete business oversight (i.e Direction, strategy, and advocacy) to Futures Clearing (CME, CBOT, NYMEX, Comex ICE Exchanges) business, while driving process and services delivery regionally and leading/guiding Futures Clearing Operations Teams across Americas, KL and Manila
- Spearheaded multiple large and complex engagements in highly competitive and rapidly changing environments
- Other deliverables entailed Trade Capture & Regulatory Reporting; ensuring accurate trade capture of DMA, Voice executed futures trades; and supporting static to aid the STP of trade capture process.
- Successfully migrated futures trade capture business from USA and Manila to KL covering US and London markets.
- Monitored Electronic Trade Flows - Execution and Clearing Business and achieved clearing via. third party brokers.
- Worked towards enhancing processes and eliminating need for human intervention in many processes by creating “human to virtual “journey through building self-care capabilities, and standardization, optimization, and automation of processes.
- Instrumental in maintaining and developing the risk & control framework in conjunction with both business needs and internal procedure and policies.
- Performed high-risk processes, involving direct access to primary trading systems and strong interaction with the business, clients, large corporates, broker dealers and hedge funds
- Contributed in achieving some of the 2020 STP milestone by remediating trade flows.
- Benefited the business with thought leadership to a team of Asst. AM’s/Managers and ensuring all key tasks assigned to support ETD Trade Capture are well managed and executed.
Asst. Vice President – Derivatives Clearing & Prime Services
Standard Chartered Bank
01.2015 - 07.2019
- Managed collaterals life-cycle including interest/fees accruals and settlement of margin calls relating to client’s OTC portfolios
- Tracked client collaterals (Cash & Securities) followed by advising them about the changes in global derivatives regulation and its impact on cost of OTC derivatives
- Projects: Building New Platform for Collateral Management and Designing Rates/FX Prime Brokerage Reporting and UAT
Process Supervisor, Global Valuation Group – Derivatives
Deutsche Bank Group
09.2012 - 12.2014
- Successfully migrated Emerging Market Daily IPV Process from London to Mumbai
- Managed settlement of vanilla & exotic swaps, CDS in ASIA, Europe and North America region with counterparties such as Deutsche, Societe Generale, Goldman Sachs, and HSBC Barclays, etc.
Analyst - Rates Settlements, Derivatives Ops
J.P. Morgan Chase & Co.
8 2010 - 9 2012
Sr. Associate - Trade & Transaction Processing
State Street Syntel Sourcing Pvt. Ltd.
9 2008 - 8 2010
Equity, Futures and Options Trading
HDFC Securities Pvt. Ltd.
10.2007 - 09.2008
Education
MBA – Finance -
Institute of Technology and Management
Post Graduate Diploma in Financial Management -
L.N. Welingkar Institute of Management, Development & Research
04.2001 - 04.2008
Bachelor of Commerce -
University of Mumbai
Skills
Certification
National Stock Exchange Certification in Financial Markets, 2008
Rewards Recognitions
- HSBC Bank, Malaysia: “Team of the Quarter” Award Oct - Dec 2020
- Standard Chartered Bank, Malaysia: “Team of the Quarter” Award Apr - Jun 2018
- Deutsche Bank Group, India: “Team of the Quarter” Award – 2013
- J.P. Morgan, India: “Extra Miler” Award for the Month – Apr 201
- State Street Syntel, India: ‘Titan of the Month’ Award, 2010
- Managers Award” for maintaining accuracy & overall best performance, 2010
- Certification for outstanding performance in Quarter 3 from Vertical Head
Tangible Value Additions
New age Fintech Professional, committed to take Derivatives Clearing & Collateral process efficiency, effectiveness, and growth to the next level by establishing fool-proof processes from scratch. Expert in managing core trade management functions including trade capture, validation, report monitoring, query resolution, client support, trading risk / profit and loss validation. Achieved smooth migrations from global locations such as processes from UK & Singapore at Standard Chartered Bank and processes from USA and at Europe HSBC Malaysia. Led both firm-wide and industry driven projects and initiatives at global level in a highly regulatory environment in partnership with CCO and technology while improving existing controls and performing process reviews. Structured a high-calibre ‘Prime Services’ Business and Team in Standard Chartered Bank, Malaysia as well as Derivative Clearing Services Team in Markets & Security Services division in HSBC Malaysia. Drove operational efficiencies within the existing processes in partnership with Reconciliation, Brokerage, and Client Service.
Timeline
Asst. Vice President – Futures Clearing
HSBC Global Banking Markets
07.2019 - 09.2022
Asst. Vice President – Derivatives Clearing & Prime Services
Standard Chartered Bank
01.2015 - 07.2019
Process Supervisor, Global Valuation Group – Derivatives
Deutsche Bank Group
09.2012 - 12.2014
Equity, Futures and Options Trading
HDFC Securities Pvt. Ltd.
10.2007 - 09.2008
Post Graduate Diploma in Financial Management -
L.N. Welingkar Institute of Management, Development & Research
04.2001 - 04.2008
VP, New Product Trading Operations
Bursa Malaysia Stock Exchange
9 2022 - Current
Analyst - Rates Settlements, Derivatives Ops
J.P. Morgan Chase & Co.
8 2010 - 9 2012
Sr. Associate - Trade & Transaction Processing
State Street Syntel Sourcing Pvt. Ltd.
9 2008 - 8 2010
MBA – Finance -
Institute of Technology and Management
Bachelor of Commerce -
University of Mumbai
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