PwC
Excellence in Engagement
For PwC's Manan Shah, the goal of making the financial services markets safe, secure, resilient, and efficient motivates him to excel. "After having experienced the worst at Lehman Brothers during the 2007 to 2008 financial crisis, I was determined to build a career in counterparty risk management field and work towards ensuring a safe financial industry," he says. "Now that I am a subject matter expert in the field, it is incumbent upon me to give my very best and excel."
Shah is a Director at PwC and a global leader with over 12 years of experience of transforming the largest financial organizations from strategy through execution. In his role, he has cultivated client relationships, identified client relationships, identified opportunities, and managed delivery teams. Manan has expertise delivering solutions across all functions trade capture, middle office processing, settlement, clearing, collateral and counterparty risk management, liquidity, risk management, and compliance.
"My work is very rewarding as I have the privilege to work directly with the financial services regulators and some of the largest financial institutions in the world," he says. "Given the area I work in, it is very gratifying to know that I am working towards making the financial services a safer and a resilient industry. Helping clients develop processes and systems that help them comply, become efficient, and reduce cost makes my work extremely enjoyable and rewarding."
Shah has expertise in digital transformation, business and technical architecture development, business process redesign, vendor selection and implementation, and program management. Manan is recognized as a market leader in collateral and counterparty risk management field and has been invited to participate in ISDA WGMR working groups.
One of his proudest accomplishments, he says, would be leading the setup and development of a financial markets utilities in AcadiaSoft. "It was one of the most challenging projects I have ever executed, working with leaders and subject matter experts from the world's 16 largest sell-side banks," Shah says. "Today, AcadiaSoft serves over 700 firms automating the margin process of over 200,000 agreements and moving of $400 billion collateral daily. Using this solution, participating firms observed savings in initial margin estimated to be around $480 million over a five-year period."
Q&A: What does being recognized as a Global Leader in Consulting mean to you? Your firm? Your clients?
Shah: I am aware that Global Leaders in Consulting is a prestigious, international award that is reserved for executives and leaders in the field that are making a significant impact in the profession that can be felt far and wide. Recipients of this international award are extraordinary individuals who display outstanding leadership qualities and capabilities as well as exert influence in their firms, for their clients and the overall consulting profession. To be recognized as an international leader fills me with a very humbling and gratifying feeling.
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