Summary
Overview
Work History
Education
Skills
Certification
Academics
Training
Accomplishments
Timeline
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Rakesh Tomar

Rakesh Tomar

Senior BFS Technology Leader
Navi Mumbai

Summary

Senior Banking and Financial Service leader with 21+ year of IT Strategies and programs experience.

Supporting the management of a very large program for the digital transformation of the bank and ensure successful delivery across the Program lifecycle.

Strategic input provider to management and stakeholders regarding identification of futuristic programs and alignment to on-going programs.

Adept to initiate/manage cross-functional teams and multi-disciplinary projects.

Conscientious go-getter, astute and spearheading professional.

High level of proficiency in managing/delivering technology solutions of key components of International Remittances, Digital Banking, Mobility, Internet Banking, Payment Solutions (Payon, Polipay, SWIFT, ACH, IMPS, NEFT, RTGS, UPI), Finacle, Wallets, e-KYC, SMS Gateway, AML, Bill payment system in Retail Banking space and Trade Finance, Analytic Based Landing, Priority sector Landing in Corporate Banking space.

Expertise in Implementing H2H integrations for major B2B partners including oversees partners.

Strategized and Implemented mobility solutions using both Native (PhoneGap) and Hybrid (IBM Work light) technologies.

Experience across all aspects of the IT development lifecycle from Business requirements to Vendor evaluation, Negotiation, Systems evaluation, Project management and various other aspects of project life cycle.

Performance-driven Vice President with 21 years of experience aligning systems with business requirements, policies and regulatory requirements. Passionate about applying excellent organization and communication skills to manage and lead teams.

Results-oriented individual well-versed in interfacing and consulting on business processes to drive results based on sound overall business judgment.

Overview

21
21
years of professional experience
3
3
years of post-secondary education
3
3
Certifications

Work History

Head - Digital Payments and Remittances

IDFC First Bank
Mumbai
9 2021 - Current
  • Heading Digital Payment systems and Cross Border Payments
  • Supporting management of very large program for digital transformation of bank and ensure successful delivery across Program life-cycle
  • Strategic Planning to achieve company goals
  • Customer centric design and implementations to increase product adaptation
  • Self-motivated, with strong sense of personal responsibility.
  • Excellent communication skills, both verbal and written.
  • Demonstrated respect, friendliness and willingness to help wherever needed.
  • Adaptable and proficient in learning new concepts quickly and efficiently.
  • Resolved problems, improved operations and provided exceptional service.
  • Proved successful working within tight deadlines and fast-paced environment.
  • High performance team building and engage them to retain for long
  • Migration of all the Payments System to micro services & latest technology stacks
  • Accomplishments: Successful Migration of UPI, NEFT, RTGS and NACH & eNACH
  • Post migration TD is below .05%

Vice President

DBS Bank
Mumbai
09.2019 - 09.2021

Heading Mortgage and Payment solutions (NEFT, RTGS & Trade Payment)

  • Drive proactive management of issues and risks – working closely with Product Owners and recognizing overall Program level risks and identifying mitigation action plans
  • Drive and manage resourcing / capacity demand and supply working closely with Technology and Business stakeholders to ensure optimal model and drive productivity metrics
  • Oversee dependency across product execution plans in close collaboration with leads across multi-functional teams
  • Maintain momentum across teams to keep projects on track
  • Proactively engaging with multiple teams, technology partners to ensure accurate and transparent management of financials, escalating to management if needed
  • Quantitative and qualitative analysis of product and process performance for regular and responsive management reporting
  • Drive management reporting to senior level executives, responding to requests in timely and efficient manner
  • Accomplishments: Major Projects: Analytic Based Landing, Priority sector Landing, Non-Secure Landing , NEFT, RTGS, Trade Finance
  • Received RED awards in customer excellence category during critical pandemic situation.
  • Led cross-functional teams for successful completion of major projects, resulting in increased efficiency and client satisfaction
  • Collaborated with senior management to develop strategic initiatives and long term goals
  • Identified opportunities to improve business process flows and productivity
  • Established culture of continuous improvement, fostering innovation and driving sustainable growth across organization
  • Demonstrated proficient leadership skills to motivate employees and build competent teams
  • Cultivated strong relationships with key stakeholders, including customers, vendors, regulators, and community leaders to promote collaboration and long-term success
  • Led cross-functional teams for successful completion of major projects, resulting in increased efficiency and client satisfaction
  • Established culture of continuous improvement, fostering innovation and driving sustainable growth across organization

Deputy Vice President

ICICI Bank
09.2006 - 08.2019
  • Led International Remittances and & Payment solutions, Retail Banking and Digital Banking and Blockchain Remittance
  • Responsible for strategic planning, stakeholder management, financial management and carrying out end to end project management
  • Exercise smart decision-making and effectively collaborate with other leaders and stakeholders to address key issues and roadblocks aggressively and in timely fashion
  • Ensure regular, active communication with adjacent programs and external stakeholders, including international regions
  • Oversee coordination of program/ Project level milestones and adherence to Bank standards and governance mechanisms
  • Ensured technical solutions designed for performance, reliability, scalability, maintainability, support ability, business continuity, and business agility while leveraging industry’s best practices
  • Accomplishments: Major Projects: International Remittances (Money2India, NRI Speed Remittance, Money2Europe, STAR outward remittance), Finacle, SWIFT, Retail Internet Banking, Mobility, Digital Banking & other Payment solutions
  • Remittance Excellence Award in 2018, 2016 & 2015
  • Innovation award for launching Online Outward Remittances - 2016
  • Valuable contribution to Product and Service Innovation Projects award in year 2011.

Senior Developer

Triumphsys India Pvt. Ltd
06.2005 - 09.2006

Developer

Smriti Netcoom
03.2003 - 09.2005

Education

Master of Science - MCA

Indra Gandhi National Open University
Delhi
01.2002 - 12.2004

Skills

Certification

Digital Transformation & Leadership

Academics

Master in Business Administration (MBA-IT), Master in Computer Application (MCA), Bachelor in Computer Application (BCA)

Training

  • Design Thinking: Lead Change in your Organization
  • Transformation from Waterfall to Agile Project Management
  • Agile Requirement Foundations
  • Learning Data Science: Understanding the basic.
  • Machine Learning & Artificial Intelligence

Accomplishments

⦁ Successful Migration of critical and larger payment systems

⦁ Received RED awards in customer excellence category during critical pandemic situation.

⦁ Remittance Excellence Award in 2018, 2016 & 2015.
⦁ Innovation award for launching Online Outward Remittances - 2016.
⦁ Valuable contribution to Product and Service Innovation Projects award in the year 2011.

⦁ First Blockchain based transaction with international partner ENBD.

Timeline

Vice President

DBS Bank
09.2019 - 09.2021

Deputy Vice President

ICICI Bank
09.2006 - 08.2019

Senior Developer

Triumphsys India Pvt. Ltd
06.2005 - 09.2006

Developer

Smriti Netcoom
03.2003 - 09.2005

Master of Science - MCA

Indra Gandhi National Open University
01.2002 - 12.2004

Head - Digital Payments and Remittances

IDFC First Bank
9 2021 - Current
Rakesh TomarSenior BFS Technology Leader