Nilesh Prajapati

Business Analyst - RBC

- Email me on Indeed: indeed.com/r/Nilesh-Prajapati/d5db8b67693a0fcd
Over 5 years of IT experience as Business Analyst in Finance, Investment banking, Asset Management
and retail sectors.
Expert in preparing business requirements documents (BRDs), System requirement specifications, design
specification, functional specifications.
Extensively worked with project stakeholders, SMEs, business users to understand the requirements and
specifications for the projects.
Expertise in creating UML based modeling views like activity, use case, data flow business flow using MS
Visio and rational products.
Thoroughly experienced in requirement management, use case development, business modeling using
tools like Rational Rose, Requisite Pro.
In depth knowledge of the all stages of the software development life cycle in various domain.
Performed workshops, interviews, site visits, surveys, requirement analysis to gather, manage and
effectively prioritize the requirements of the project.
Good understanding of various programming concepts as well as working knowledge of multidimensional
and relational databases.
Excellent understanding of real-world financial market and technology system.
Sound knowledge of Capital Markets, financial instrument: Equities, Fixed Income Securities, Derivative
Instruments, Options, Futures, Forwards and Swaps, Alternatives Investments, Hedge Funds, hedge
accounting standards, FAS 133, Real Estate, Commodities and Foreign Exchange, Money Market, Fund
Management.
Highly skillful in using Pivot tables and pivot charts, power point efficiently for meeting requirements of
business users.
In-depth knowledge of Excel financial functions and analyzing the financial data according to user
requirements.
Experienced in calculating consolidated Bond Yield, Bond Duration, Hedge effectiveness, retrospective
and prospective hedge effectiveness compliance, Option Greeks, Sharpe Ratio, Yield Spread using statistical
Model and current market data.
Able to work within an aggressive and demanding project schedule and environment.
Excellent team player with extraordinary analytical, strategic planning, interpersonal and communication
and documentation skills with high attention to details. Highly motivated, enthusiastic and self-starter with
exceptional ability to perform individually.

WORK EXPERIENCE

Business Analyst
RBC - New York, NY - November 2011 to Present
RBC Capital Market is a diversified global financial services holding company whose businesses provide a
range of financial services to consumer and corporate customers. The project was for Capital market unit.
The project objective was to develop proprietary hedge accounting and reporting system to assist treasury
department with the new compliance and FASB standard and simplify the complex hedge reporting compliance
including the hedge effectiveness.
Responsibilities:

 Defined and documented clear and complete business requirements and functional specifications using
SDLC methodologies from the business team.
Organized workshops and discussions with the stakeholders to gather and understand business
requirements.
Produced functional specifications and attended weekly meetings with technology units and business units
to discuss outstanding technical issues and deadlines that need to be met.
Developed use cases, work flow, interface screen mock-ups and conversion requirements.
Coordinated the collection and verification of business needs.
Analyzed structure derivative deals for various types of hedges to match the accounting standards FAS
133, FAS 157 and IAS 39.
Performed stress test to understand and forecast the movement of Hedges.
Mediate between various interested parties to interpret and clarify requirements and help resolve
differences.
Communicated with the SMEs to get detail and in depth understanding of current compliance and accounting
standards for the hedge accounting requirements.
Created templates for the monitoring hedge effectiveness analysis using regression method.
Involved in developing hedge accounting documentations and prepared the reporting standards to meet
the guidelines established by FASB and IAS and provided recommendations to client in compliance of these
standards and best practices.
Dealt with various business groups to gain domain expertise and improve the product and process output.
Developed prototypes for various hedge instruments accounting and reporting solutions keeping hedge
effectiveness and ineffectiveness standard in mind.
Performed regression analysis for various types of hedges, cash flow, fair value and net investment to
thoroughly understand the requirements for documentations.
Involved in the interaction with the end users, business users, stake holders and technical team to
understand the key requirement and helped the team lead in developing effective solution for the client.

Business Analyst
Morgan Stanley - New York, NY - August 2010 to November 2011
Reporting
Morgan Stanley is a leading financial corporation providing services in the investment advisory, asset
management, capital market to institution as well as individuals. The project was on the integration of the Smith
Barney group. The project was to develop analytical reporting system which includes data of the integration
status which is used to present UAT-BMO office. And help in defining the productivity as well as quality of
the integration tasks.
Responsibilities:
Analyzed different aspects of the status of UAT, and created functional documentation to make them
dynamic once they discuss the ideas to point all the pivot table caches to the single table which reduced the
size of the spreadsheet dramatically to increase the accuracy speed of the reporting to UAT-BMO office.
Analyzed data and defined the criteria for the testing results
Created reporting system requirement including the analysis of the priority as well as severity.
Defined criteria for quality center APIs to load data from HPQC to excel.
Created embedded formulas using excel's inbuilt functions for analysis of the application integration
requirements and prepared documentation using the output for key requirement for the reporting to the senior
management.
Developed 2d and 3d charts for each Line of business and made them interactive.

 Organized discussion session with the technical team after studying the environment thoroughly to Automate
whole process of the reporting, and built user-friendly controls to create weekly report accurate and instant
which used to take several days to accomplish the task.
Created documentation based on business requirements to Connect excel's objects to Power point for
presentation in the meetings for senior management.

Business Analyst-Capital Market

Standard & Poor's - New York, NY - July 2009 to August 2010
Standard & Poor's operates as a financial services company. Its products and services include credit ratings,
equity research, S&P indices, funds ratings, risk solutions, governance services, evaluations, and data
services. The aim of the project is to develop application to update information for their Capital IQ and design
and maintain analytical database of Capital IQ which include information about 42,000 public companies,
685,000 private companies, 10,600 private capital firms, 230,000 transactions, and 985,000 professionals
worldwide
Responsibilities:
Gathered requirements from SMEs, end users, business users, stake holders and senior business analysts
with data validations for risk solutions.
Coordinated with the traders, sales, legal and internal clients to monitor any trade related queries or problems
arising in the existing systems.
Thoroughly analyzed current competitors systems used in the market data management environment to
create ideas to overcome the limitation for end users.
Monitored the workflows of the requirements to ensure the confirmations are prioritized based on the risk
factors.
Extensively used Excel and Macros and VBA in creating models to get the latest data with analytics for
particular security.
Developed program to load analytical data to the Capital IQ which provides technical and fundamental
analysis about the Public company and design the automation of setting up the statistics for new clients which
significantly improved the accuracy and saved hours of report production time per day.
Documented requirements for models using advance function to provide current and accurate information
to the rating department for rating analytics.
Involved in developing formula builder product specifications which can quickly populate spreadsheets with
financials, market data, and quantitative company information to the client's system.
Set the criteria based on the business standards for daily reports such as risk and control report, design
effectiveness and operating effectiveness reports.
Involved in development of Black-Scholes option pricing model to determine fair value of put and call options.
Followed SDLC procedure throughout the financial model, modules and reports development.
Evaluated database performance and monitored maintenance duties such as tuning, backup, restoration
and disaster recovery.
Involved in system testing and monitored performance during Beta - Testing phase of the application.
Followed RAD and JAD in planning and creating prototypes for inbuilt application to be used in the dynamic
system environment.
Heavily used the financial and statistical functions of excel.

MS Excel/ VBA Developer

AXA Private Equity - New York, NY - July 2008 to June 2009
AXA private equity is a subsidiary of AXA- an international financial services corporation. The project was
to develop new applications and enhance existing applications to support its new portfolio management

system used by the bank for portfolio management, fund accounting, securities pricing and other investment
management functions.
Responsibilities:
Assisted in creating project plans, designing requirement planning and management documents to senior
business analyst.
Conducted GAP analysis, documented current state and future state of the project after understanding the
vision from the business group and technology groups.
Analyzed existing business documents to identify enhancements request for report development.
Monitored current and changing business requirements to meet the needs of the growing Treasury &
Securities Services market.
Conducted analysis of raw data to identify any data discrepancy between data generated by legacy Portfolio
system and Views Portfolio Reporting System.
Created business template to calculate YTM, cash flow, discount and principal outstanding for strategic
planning and simplify the explanation with the technical team.
Created Excel and VBA tools to track income activity, trade activity, outstanding income, outstanding trades
and transactions, settled trades and pending trades.
Involved in creating functional requirements to track intraday and closing Greeks and P&L of the portfolio
trading books to analyze quantitative effects of derivatives shifts and volatility of the instruments of the portfolio.
Analyzed several existing Excel macros and written proposals to enhance them to customize as per the
requirement.
Involved in developing application using ActiveX Control and OLEDB to enhance the functionality of the
application as well as to update the intraday information into the view portfolio reporting system.
Involved in creating portfolio optimization model performing monte-carlo simulation to get optimized result
on the value inserted by the users.
Created screen prototypes with added functionalities for report customization of the Views Portfolio
Reporting System.
Developed module to retrieve option chain using the Refresh (CBOE) method of the query table class of
the Excel library to get the latest Call and Put Option data for requested company.

Business Analyst/Billing Administration

Net-A - Porter, NY - October 2007 to June 2008
Net-A-Porter is Global branded apparel retailer of cutting edge luxury fashion labels. Dominating with
exceptional service in the latest and greatest style of the European and American Fashion. Claiming to attract
over two million viewers per month and stocks over top 300 international brands. The project was with ImportExport unit to assist with providing cost and variation analysis of the global merchandise supply and report
to the manager.
Responsibilities:
Gathered weekly data from the database in to the spreadsheet format.
Format the spreadsheets as per the requirements for the reporting purpose.
Analyzed data to find-out discrepancies in the rates charged by the shippers with the contracted rates.
Developed Advanced formulas and User defined functions for analyzing large dataset with speed and
accuracy.
Created reporting spreadsheets with referential integrity and formatted for weekly reporting to the project
manager.
Assisted with ad-hoc duties to accomplish necessary tasks.
Created macros to enhance accuracy of analysis and reduce the time to accomplish the weekly tasks.

 Developed report for finance on Cost and variation for company's import-export transaction and helped to
define strategy to reduce the cost.
Design decision support systems, spreadsheets, databases, and prepare reports and dashboards on the
basis of information using MS Access and Excel and Visio.

Market Research Intern

Alankar Incorporation - May 2007 to September 2007
Alankar Inc. is a subsidiary of the Suratna Inc. one of the multimillion companies who is engaged in the trading
of precious metals and produces and market latest precious metals jewelry and articles through its several
branches in America as well as internationally. The position was to gain rigorous training and experience in
the field of commodities research and valuation and design the strategy to enhance and develop business
using various market research skills.
Responsibilities:
Perform statistical analysis to evaluate market trends to help recommend market decisions.
Analyzed market research data, perform sales analysis, evaluate projects and monitor advertising and
marketing budget, assist in developing pricing strategies, and direct activity bases costing system.
Implement business models so as to create new ventures.
Prepare forecast for long term and short term range market potential for buying strategies.
Identifying the factors that largely affect business profitability and measuring them quantitatively.
Sorting market data as per the various study parameters.
Finding parameterized trends out of the data and maintaining records of the prospective interpretations.
ADDITIONAL INFORMATION
Skill set:
Requisite Pro, Rational Rose, UML, MS Visio, MS Project, SDLC, SWOT, MS Excel [] VBA, Excel Macros,
Power point, Visual Basic, SQL Server, Oracle10g/9i, SQL Server Reporting Service, Bloomberg, Windows
OS, UNIX.
Projects Summary:
RBC, New York 11/2011 - Present
Business Analyst
RBC Capital Market is a diversified global financial services holding company whose businesses provide a
range of financial services to consumer and corporate customers. The project was for Capital market unit.
The project objective was to develop proprietary hedge accounting and reporting system to assist treasury
department with the new compliance and FASB standard and simplify the complex hedge reporting compliance
including the hedge effectiveness.
Responsibilities:
Defined and documented clear and complete business requirements and functional specifications using
SDLC methodologies from the business team.
Organized workshops and discussions with the stakeholders to gather and understand business
requirements.
Produced functional specifications and attended weekly meetings with technology units and business units
to discuss outstanding technical issues and deadlines that need to be met.
Developed use cases, work flow, interface screen mock-ups and conversion requirements.
Coordinated the collection and verification of business needs.

 Analyzed structure derivative deals for various types of hedges to match the accounting standards FAS
133, FAS 157 and IAS 39.
Performed stress test to understand and forecast the movement of Hedges.
Mediate between various interested parties to interpret and clarify requirements and help resolve
differences.
Communicated with the SMEs to get detail and in depth understanding of current compliance and accounting
standards for the hedge accounting requirements.
Created templates for the monitoring hedge effectiveness analysis using regression method.
Involved in developing hedge accounting documentations and prepared the reporting standards to meet
the guidelines established by FASB and IAS and provided recommendations to client in compliance of these
standards and best practices.
Dealt with various business groups to gain domain expertise and improve the product and process output.
Developed prototypes for various hedge instruments accounting and reporting solutions keeping hedge
effectiveness and ineffectiveness standard in mind.
Performed regression analysis for various types of hedges, cash flow, fair value and net investment to
thoroughly understand the requirements for documentations.
Involved in the interaction with the end users, business users, stake holders and technical team to
understand the key requirement and helped the team lead in developing effective solution for the client.
Morgan Stanley, NYC, NY 8/2010 - 11/2011
Business Analyst-Reporting
Morgan Stanley is a leading financial corporation providing services in the investment advisory, asset
management, capital market to institution as well as individuals. The project was on the integration of the Smith
Barney group. The project was to develop analytical reporting system which includes data of the integration
status which is used to present UAT-BMO office. And help in defining the productivity as well as quality of
the integration tasks.
Responsibilities:
Analyzed different aspects of the status of UAT, and created functional documentation to make them
dynamic once they discuss the ideas to point all the pivot table caches to the single table which reduced the
size of the spreadsheet dramatically to increase the accuracy speed of the reporting to UAT-BMO office.
Analyzed data and defined the criteria for the testing results
Created reporting system requirement including the analysis of the priority as well as severity.
Defined criteria for quality center APIs to load data from HPQC to excel.
Created embedded formulas using excel's inbuilt functions for analysis of the application integration
requirements and prepared documentation using the output for key requirement for the reporting to the senior
management.
Developed 2d and 3d charts for each Line of business and made them interactive.
Organized discussion session with the technical team after studying the environment thoroughly to Automate
whole process of the reporting, and built user-friendly controls to create weekly report accurate and instant
which used to take several days to accomplish the task.
Created documentation based on business requirements to Connect excel's objects to Power point for
presentation in the meetings for senior management.
Standard & Poor's, NYC, NY 7/2009 - 8/2010
Business Analyst-Capital Market
Standard & Poor's operates as a financial services company. Its products and services include credit ratings,
equity research, S&P indices, funds ratings, risk solutions, governance services, evaluations, and data
services. The aim of the project is to develop application to update information for their Capital IQ and design

and maintain analytical database of Capital IQ which include information about 42,000 public companies,
685,000 private companies, 10,600 private capital firms, 230,000 transactions, and 985,000 professionals
worldwide
Responsibilities:
Gathered requirements from SMEs, end users, business users, stake holders and senior business analysts
with data validations for risk solutions.
Coordinated with the traders, sales, legal and internal clients to monitor any trade related queries or problems
arising in the existing systems.
Thoroughly analyzed current competitors systems used in the market data management environment to
create ideas to overcome the limitation for end users.
Monitored the workflows of the requirements to ensure the confirmations are prioritized based on the risk
factors.
Extensively used Excel and Macros and VBA in creating models to get the latest data with analytics for
particular security.
Developed program to load analytical data to the Capital IQ which provides technical and fundamental
analysis about the Public company and design the automation of setting up the statistics for new clients which
significantly improved the accuracy and saved hours of report production time per day.
Documented requirements for models using advance function to provide current and accurate information
to the rating department for rating analytics.
Involved in developing formula builder product specifications which can quickly populate spreadsheets with
financials, market data, and quantitative company information to the client's system.
Set the criteria based on the business standards for daily reports such as risk and control report, design
effectiveness and operating effectiveness reports.
Involved in development of Black-Scholes option pricing model to determine fair value of put and call options.
Followed SDLC procedure throughout the financial model, modules and reports development.
Evaluated database performance and monitored maintenance duties such as tuning, backup, restoration
and disaster recovery.
Involved in system testing and monitored performance during Beta - Testing phase of the application.
Followed RAD and JAD in planning and creating prototypes for inbuilt application to be used in the dynamic
system environment.
Heavily used the financial and statistical functions of excel.
AXA Private Equity, New York []
MS Excel/ VBA Developer
AXA private equity is a subsidiary of AXA- an international financial services corporation. The project was
to develop new applications and enhance existing applications to support its new portfolio management
system used by the bank for portfolio management, fund accounting, securities pricing and other investment
management functions.
Responsibilities:
Assisted in creating project plans, designing requirement planning and management documents to senior
business analyst.
Conducted GAP analysis, documented current state and future state of the project after understanding the
vision from the business group and technology groups.
Analyzed existing business documents to identify enhancements request for report development.
Monitored current and changing business requirements to meet the needs of the growing Treasury &
Securities Services market.

 Conducted analysis of raw data to identify any data discrepancy between data generated by legacy Portfolio
system and Views Portfolio Reporting System.
Created business template to calculate YTM, cash flow, discount and principal outstanding for strategic
planning and simplify the explanation with the technical team.
Created Excel and VBA tools to track income activity, trade activity, outstanding income, outstanding trades
and transactions, settled trades and pending trades.
Involved in creating functional requirements to track intraday and closing Greeks and P&L of the portfolio
trading books to analyze quantitative effects of derivatives shifts and volatility of the instruments of the portfolio.
Analyzed several existing Excel macros and written proposals to enhance them to customize as per the
requirement.
Involved in developing application using ActiveX Control and OLEDB to enhance the functionality of the
application as well as to update the intraday information into the view portfolio reporting system.
Involved in creating portfolio optimization model performing monte-carlo simulation to get optimized result
on the value inserted by the users.
Created screen prototypes with added functionalities for report customization of the Views Portfolio
Reporting System.
Developed module to retrieve option chain using the Refresh (CBOE) method of the query table class of
the Excel library to get the latest Call and Put Option data for requested company.
Net-A-Porter, New York 10/2007 to 6/2008
Business Analyst/Billing Administration
Net-A-Porter is Global branded apparel retailer of cutting edge luxury fashion labels. Dominating with
exceptional service in the latest and greatest style of the European and American Fashion. Claiming to attract
over two million viewers per month and stocks over top 300 international brands. The project was with ImportExport unit to assist with providing cost and variation analysis of the global merchandise supply and report
to the manager.
Responsibilities:
Gathered weekly data from the database in to the spreadsheet format.
Format the spreadsheets as per the requirements for the reporting purpose.
Analyzed data to find-out discrepancies in the rates charged by the shippers with the contracted rates.
Developed Advanced formulas and User defined functions for analyzing large dataset with speed and
accuracy.
Created reporting spreadsheets with referential integrity and formatted for weekly reporting to the project
manager.
Assisted with ad-hoc duties to accomplish necessary tasks.
Created macros to enhance accuracy of analysis and reduce the time to accomplish the weekly tasks.
Developed report for finance on Cost and variation for company's import-export transaction and helped to
define strategy to reduce the cost.
Design decision support systems, spreadsheets, databases, and prepare reports and dashboards on the
basis of information using MS Access and Excel and Visio.
Alankar Incorporation 5/2007 to 9/2007
Market Research Intern
Alankar Inc. is a subsidiary of the Suratna Inc. one of the multimillion companies who is engaged in the trading
of precious metals and produces and market latest precious metals jewelry and articles through its several
branches in America as well as internationally. The position was to gain rigorous training and experience in

the field of commodities research and valuation and design the strategy to enhance and develop business
using various market research skills.
Responsibilities:
Perform statistical analysis to evaluate market trends to help recommend market decisions.
Analyzed market research data, perform sales analysis, evaluate projects and monitor advertising and
marketing budget, assist in developing pricing strategies, and direct activity bases costing system.
Implement business models so as to create new ventures.
Prepare forecast for long term and short term range market potential for buying strategies.
Identifying the factors that largely affect business profitability and measuring them quantitatively.
Sorting market data as per the various study parameters.
Finding parameterized trends out of the data and maintaining records of the prospective interpretations.