Suryakala Nair

Certified Treasury Professional (CTP) having more than 10 years’ experience in cash management, payments, bank accounts management and reconciliation, operational and credit risk, regulatory and financial reporting in Banking Industry & more recent with corporate project management initiatives.

Scotiabank – Manager, Global Cash Management 2023 - Present

• Oversees the operations of the CAD cash position forecasts, CAD Settlement Balance management, the intraday stress testing, the CAD Cash Gap reports, and Collateral Management
• Maintain collaborative relationship with Accounts managers/Relationship managers to ensure Global Cash Management is included in all advance notifications of large transactions
• Maintain collaborative relationship with CAD short term funding desk to build CAD cash strategy
• Lead projects to enhance existing processes or procedures
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions
• Ensure adequate liquidity for the Bank’s CAD intraday cashflows and time-sensitive payments 
• Book overnight interbank money market loans, deposits and SETS (Settlement Exchange Transactions) with counterparty agreement
• Close final cash position with over-night money market loans and deposits for next business day opening position to balance cash sheet
• Conserve CAD intraday liquidity in Lynx by tracking/reporting and prioritizing time-sensitive payments in order to mitigate day-to-day market change exposure
• Structuring, booking and ensuring settlement of interbank deposits/loans and/or SETS (Settlement Exchange Transactions)
• Reconcile securities available for collateral use to ensure collateral requirements are met
• Ensure reporting and settlement of the Bank’s CDSX position and facilitate cash movements within BNS internal accounts in CDSX 
• Close and settle Bank’s ACSS positions, as well as mitigating intraday ACSS position through SETS (Settlement Exchange Transactions) with external cash managers to minimize Bank’s collateral requirement
• Track, analyze and report Bank’s securities for collateral
• Provide detailed analysis and reports for Bank’s CAD intraday liquidity standing
• Tracking/analyzing and updating the liquidity usage by Bank’s various business lines for appropriate reporting and charging
• Oversees and manages a team of 3 

• Work closely with the AVP Cash Management Operations (NA) to enhance and transform the usage of value-added data elements within Treasury Operations, focusing on understanding data elements, data flow, data quality and promoting the use of data driven decision making within the wider Treasury Operations
• Support the implementation of different projects, represent Treasury Operations team in project meetings, making recommendations on decision points, and ensuring that the impact on day-to-day operational processes is considered
• Assist the AVP, Cash Management Operations (NA) to review Treasury Management System (TMS) code releases and coordinate with the systems administration team (offshore team) for testing of new releases and deployment of new features
• Work closely with the AVP, Cash Management Operations (NA), to onboard new activities or responsibilities to expand the use of TMS for other treasury functions and activities
• Work closely with the Advisory Team, Cash Management Operations, Bank Account Management and Treasury services team leads on optimizing processes and use of resources that support day to day operational activities and initiatives
• Support the Manager, Bank Operations Management to achieve synergies and/or improve current processes for the bank administration management module in TMS (Treasury Management System)
• Work closely with internal technology partners and the Treasury Operations Advisory team on ERP system backlog items to facilitate prioritization of gaps that addresses the business unit and Operations team pain points
• Undertake research and conduct analysis, cost benefit analysis, and prepare business cases
• Support process optimization and change management within the Operations team & prepare Business Requirement Documents. Was involved in implementing KARIBA in Treasury management system for the full life cycle of the project.
• Reported to and Support the AVP, Cash Management Operations (NA) on any other initiatives as they arise

• Managed treasury balance sheet funding strategies by assessing the daily bank balances and determine funding or investment requirements
• Manage daily cash flow position ranging more than 1 billion dollars for CAD/USD & other foreign currencies of different geographies to establish liquidity requirements of bank accounts 
• Was responsible for daily CAD/USD cash projections for end of the day and forecasting nostro balances
• Managed the entire payments system of the Bank through LYNX formerly aka Large Value Transfers System (LVTS)
• Managed intraday limits to settle wire payments and cut off times and ensuring sufficient funds are available to release critical payments in nostro accounts to avoid reputational risks with clients
• Respond to queries related to cash management from stakeholders like Audits, Finance and Compliance
• Adhere to time sensitive payments, strict timelines and escalate issues as required
• Support liquidity management decisions including determination of short-term cash needs or deploy excess funds
• Ensured all payments conform with Bank’s policies and procedures
• Ensured all Canadian dollar payment instructions and wire messages are processed in an efficient and accurate manner and required deadlines are met within the stipulated time frame
• Identify and improve payments quality controls by taking necessary actions to eliminate or reduce errors and through process enhancements
• Oversaw management of daily cash needs and liquidity requirements of nostro/vostro bank accounts
• Analyzed variance analysis reports & prepare Intra-day liquidity monitoring reports for regulatory reporting
• Liaised with custodians regarding FX transactions to ensure that all transactions are settled promptly and prepare Non-deliverable Forward (NDF) contracts for clients
• Reconciled multi-currency nostro accounts and follow up on differences noted in bank reconciliation reports

• Was responsible for Treasury Balance Sheet Management which included but not limited to Liquidity, Cash, Funding, Bank, Collateral & Payments Operations like managed daily corporate liquidity management and reporting, bank balances 
• Spearhead the entire payments system of the Bank through large Value Transfer System (LVTS) for CAD currency, cash forecasting, reconciliation of multi-currency nostro bank accounts, SOX compliance, regulatory reporting (Fintrac, OSFI), wire transfers, verification of accounting entries, negotiate with external banks for better interest rates Fostered strong relationships with external banks for nostro bank accounts management
• Administration of lines of credit, submitting KRI (Key risk indicators) data on monthly basis, submit monthly reports to finance, do research for best practices, process improvements 
• Lead a team of (6) permanent employees. Also had managed a team of 4 employees working on a product newly launched for international students – Student Partner Program (SPP) 

1. Certified Treasury Professional (CTP) from Association for Financial Professionals, USA (Reg # 435041)
2. Bachelor of Science (BSc) degree