Shamal Firake
Vice President @Bank of America
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WORK HISTORY
Vice President @Bank of America
IN
Overview:Senior technology leader managing global cross-functional DEV/QA/BA teams delivering mission-critical platforms across Repo, Collateral, Fixed Income, and Derivatives businesses. Responsible for strategy, execution, engineering excellence, and stakeholder alignment with trading, risk, operations, and product teams.Key Achievements & Impact:Led large engineering teams (40+ associates) to deliver scalable, high-availability trading and funding applications used across global markets.Drove modernization of repo trading tech stack, reducing system latency and improving trading desk productivity and straight-through-processing.Spearheaded automation initiatives that eliminated manual processes, improved accuracy, and reduced operational risk across collateral & funding workflows.Partnered with Trading, Treasury, and Risk to design regulatory-aligned collateral and liquidity workflows, supporting UMR, Basel, SFTR, and capital optimization requirements.Implemented engineering best practices (CI/CD, automated testing, cloud-first design), resulting in faster release cycles and more resilient platforms.Managed multi-region delivery models and improved collaboration between business and technology stakeholders through structured governance and communication.Championed a culture of mentorship, accountability, and continuous learning, resulting in higher team engagement and lower attrition.
EDUCATION
Shri Guru Gobind Singhji Institute of Engineering and Technology, Vishnupuri, Nanded
Bachelor's of Enggineering, Computer Science
University of Mumbai
Master of Technology, Computational Science
ITM
Master of Business Administration, Finance, General
SKILLS
ABOUT SHAMAL FIRAKE
I am a senior technology leader with 15+ years of proven success building and scaling enterprise-grade platforms across Repo, Collateral, Fixed Income, Derivatives, and broader Capital Markets. As a Vice President – Technology, I oversee global DEV/QA/BA teams delivering high-availability trading, funding, liquidity, and risk systems that power front-to-back market operations.With a strong dual foundation in Computer Science (BE & MTech) and Finance (MBA + ICMA Fixed Income Certification), I bridge the gap between markets and technology — translating complex trading, regulatory, and treasury workflows into reliable, automated solutions.I specialize in:Modernizing repo trading & collateral systems for lower latency and higher throughput; Designing regulatory-ready workflows for UMR, Basel, SFTR, capital & liquidity frameworks; Automating funding, margin, and collateral processes to reduce operational risk; Leading and mentoring large global engineering teams toward high-quality, predictable delivery; Partnering with Trading, Treasury, Risk, and Compliance to align business strategy with technical execution; Driving efficiency, stability, and transformation across mission-critical platforms. I’m passionate about simplifying complex systems, fostering talent, and building resilient technology that scales with business needs.
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