UNICEF Responds to South Sudan Refugee Crisis

UNICEF pic
UNICEF
Image: UNICEF.org

A resident of New Jersey, Rao Chalasani has specialized in trading technology at various New York, NY-based financial institutions, such as Deutsche Bank and Bank of America. Apart from his work, Rao Chalasani supports numerous charitable organizations, including UNICEF.

According to the most recent data from UNICEF and UNHCR, the UN Refugee Agency, the growing civil war in South Sudan has resulted in over 1 million children attempting to escape the violence as refugees, making them the majority of refugees to come from the country. Most of these children end up in surrounding countries such as Kenya, Ethiopia, and Uganda.

The problem only looks to get worse, as the children coming into these countries lack adequate lodging to protect them from the rainy period that occurs annually. UNICEF has called for more than $180 million to help build shelter facilities and provide other basic care needs to these children for the remainder of 2017, but the organization has only managed to raise a little over half of that goal, and the UNHCR’s request for $781.8 million is only 11 percent funded. As such, the organizations are urging other nations to continue providing relief funds to ensure that lifesaving services for South Sudanese refugees continue.

The Benefits of Effective Enterprise Risk Management Systems

 

Enterprise Risk Management System pic
Enterprise Risk Management System
Image: insightrisktech.com

A graduate of New York University with a bachelor of science in engineering, Rao Chalasani of New Jersey most recently served as the director of trading risk management and business chief technology officer at Bank of America – Merrill Lynch in New York, NY. In this role, Rao Chalasani created a US patent-pending enterprise risk management system.

Enterprise risk management systems go beyond traditional risk assessment approaches by taking a comprehensive look at all risk areas, from finance and operations to compliance and governance. With a systems approach to risk management, an organization takes into account that risks in one area can spread to other areas.

By understanding the interrelation of risks across departments, an organization can mitigate the damage that otherwise could ripple through the company. In addition to hedging against potential damage, effective risk management systems allow organizations to take calculated risks and capitalize on growth opportunities through smarter utilization of both human and capital resources.

Effective Project Planning for Better Project Management

Project Management pic
Project Management
Image: execprojectmanager.com

An engineering graduate of Polytechnic Institute of New York University, Rao Chalasani most recently served as the director of trading risk management and the business CTO at Bank of America-Merrill Lynch. Currently based in Livingston, New Jersey, Rao Chalasani also has held the role of project manager of global derivatives technology at JP Morgan Chase, where he led the design and implementation of new vendor systems.

Effective project management starts with effective project planning. Many information technology project managers do not allocate enough time in project planning, opting to jump straight into the execution phase. This approach is partly responsible for high project-failure numbers. Time spent on planning the project leads to reduced implementation time and cost.

Project planning begins with defining the project. Start with an overview of the project, detailing what the project aims to achieve, why it is being implemented, and how it will benefit the organization. Clarify the scope of the project, such as the departments involved and how phase-to-phase transitions will be affected. Assign clearly defined roles to the implementing team, making sure there is a clear line of command and a response framework for complications that may arise. Estimate a timeframe and cost for the project implementation.

After defining the project, create a planning horizon. This is the work plan for the project. Estimate the work as far as possible, outlining the assumptions made and uncertainties prevalent. Once the project implementation starts, the planning horizon will be a reference point. Activities that were vaguely outlined can be reassessed and better defined when they come up.

Finally, outline the project management procedures, including best communication practices, risks involved, quality required, and management of obstacles. Only after such planning should implementation begin.

BofA Merrill Lynch’s Syndicated Loan Trading Platform

BofA Merrill Lynch pic
BofA Merrill Lynch
Image: newsroom.bankofamerica.com

New Jersey-based Rao Chalasani is the sole inventor of the US patent-pending Enterprise Risk Management System. Rao Chalasani has served in senior technology executive roles in some of the world’s largest financial institutions, including Bank of America – Merrill Lynch, in New York, NY.

Bank of America – Merrill Lynch announced in early June 2016, the launch of its new Instinct® Loans electronic platform. The new portal enables electronic secondary trading of syndicated corporate loans. In contrast to the traditional voice-based, over-the-counter market approach, the platform will offer through electronic trading unified transactions, coupled with efficient pricing and transparent liquidity.

Through Instinct® Loans, the trading desk of Bank of America provides direct matching sessions allowing clients to offer or bid for loans against mid-market prices. The system facilitates immediate electronic trading of matching bids and offers under a fixed commission setup in which Bank of America, N.A., acts as principal.

The intent of the technology-based system is to improve Bank of America’s services to clients.

Common Forms of Credit Derivatives

Credit Derivatives pic
Credit Derivatives
Image: investopedia.com

Based in the New York-New Jersey region, Rao Chalasani has held directorships with Merrill Lynch and Bank of America-Merrill Lynch. Before assuming these roles, Rao Chalasani served as vice president of global derivatives technology with Deutsche Bank, where he focused primarily on credit derivatives and IR derivatives.

A financial instrument involving the transfer of credit risk without changing ownership of the underlying entity, credit derivatives come in many different forms. Credit default swaps (CDS), which rank among the most common credit derivatives, allow a buyer to receive compensation from the seller in the event of a default. The value of a CDS depends on a number of factors, including the credit quality of both the writer and the underlying entity.

Total return swaps are similar to credit default swaps, except they also incorporate the economic exposure of the underlying asset. Credit spread options feature variable payoffs that depend on fluctuations in the credit spread, while asset swaps exchange a bond’s coupon for LIBOR cash flows and a spread.

Elements of Successful Corporate Strategy Implementation

Corporate Strategy Implementation pic
Corporate Strategy Implementation
Image: forbes.com

Rao Chalasani, Livingston, New Jersey, resident, has served as the chief technology officer/risk strategist at Merrill Lynch, New York. Borrowing from his diverse background in technology and finance, Rao Chalasani has implemented innovative enterprise risk management strategies to foster company growth.

In the competitive financial services market, developing and implementing unique corporate strategies is essential to remaining relevant. While strategies are effectively developed in boardrooms, they often fail at the implementation stage for various reasons, one being staff reluctance or poor reception. This creates a gap between where the company is and where the company would like to go.

To help close this gap, corporate executives can use three tools at the strategy implementation phase. The first is clarifying strategy. If people don’t understand it, they won’t connect with it. Clarify the strategy so people can rally behind it.

The second is communication. Powerfully communicate strategy to all levels of the organization. Use numerous mediums such as internal blogs, message boards, podcasts, and even luncheons.

Finally, cascade the strategy. This means shifting from ‘what to do’ to ‘how to do it.’ Work the strategy into the practical components of peoples’ jobs. Managers will also help translate elements of strategy into peoples’ daily lives.

Women Gaining Financial Power Worldwide

Women and Finance pic
Women and Finance
Image: ml.com

Rao Chalasani is a New Jersey resident with a range of professional experience in finance. For many years, Rao Chalasani has worked in various capacities for Merrill Lynch, the wealth management division of the Bank of America in New York, NY.

Merrill Lynch recently reported on the rise of women in the global economy. While there is still a wage gap, especially for women of color, the number of US women making six figures is rising more than three times faster than that of men.

In developing nations, women’s income is growing by 8.1 percent while men’s is growing by only 5.8 percent. The proportion of jobs held by women in the US rose from 37 percent in 1970 to 48 percent in 2007.

This could be good news for everyone, since without this growth, the US economy would likely be 25 percent smaller than it is right now. Boosting female employment rates to match that of men could mean a five percent boost to the US gross domestic product.

Nearly a billion women are likely to enter the global economy within the next ten years, and as more women enter the global marketplace, industries may adjust their focus on gender and change the way things are bought and sold. Even the structure of families may continue to change in coming years, for example with more dual income households, more women acting as breadwinners, and a higher percentage of single parents with financial independence.