Exempt Non-Officer
Credit Suisse
Total years of experience :9 years, 8 Months
❖ Joined client side, i.e., Credit Suisse post my tenure in Wipro (mentioned below), with added responsibilities and tasks ❖ Be an effective back-up of my supervisor. ❖ Manage complex and highly variable issues associated with pre and post settlement processes and transaction capture activities with significant potential impact across multiple areas. ❖ Provide accurate Root Cause Analysis of issues and recommend solutions by applying in-depth knowledge of processes and subject matter expertise. ❖ Collaborate with teams across the business and determine impact on the overall control environment. ❖ Liaison between counterparty and Front office as well as Senior Management and Operations staff. ❖ Supervise, motivate, and delegate tasks and responsibilities to the team members. ❖ Ensure the quality of deliverables pertaining to Trade Settlement exceeds expectations. ❖ Assist in performance evaluations, hiring, resource planning and budget management of the team. ❖ Process the local currency to USD FX transactions. ❖ Verifying payments related to FX and FOP trade payments to clients - swift messages MT103 and MT202; MT199 and MT299 where necessary. ❖ Managing the Prime Brokerage business wind-off smoothly - PB business shut down. ❖ Maintain a daily trading volume and error log. Run EOD reports to ensure system closes properly. ❖ Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firms reputation and safeguarding its clients interests. ❖ Develop the team to take up complete process ownership and conduct cross-functional trainings. ❖ Presenting KRI reports to the senior management and the on-shore team on a weekly basis.
❖ Operated for the Credit Suisse account. ❖ Part of the APAC settlements team. ❖ Ensuring successful settlement of trades in order to avoid failed trades and penalty or buy-in charges. ❖ Responsible for answering, investigating and resolving all enquiries or complaints received via all channels within agreed service levels and focusing on customer outcomes, address settlement discrepancies and target prompt resolution. ❖ Practicing escalation efficiently. ❖ Awareness of the criticality of CDC breach and the control checks in place to avoid the same. ❖ Adhering to all rules, regulations and procedures that govern this role and organization.
❖ Regular cross-trainings for self and team members. ❖ Hands on expertise of the internal systems. ❖ Self-grooming to take initiatives to streamline the process wherever necessary. ❖ Making MT202/MT103 payments to counterparties. ❖ Preparing outgoing swifts MT540-3 ❖ Pre-matching for efficient settlement of trades on value date. ❖ Coordinating with local broker and local agent to understand and resolve issues on unmatched trades to avoid penalty charges on trades facing the exchange. ❖ Diligently following the SOPs. ❖ Settlement of Stock Borrow Lending (SBL) trades on a T+2 settlement cycle in APAC markets. ❖ Performing Item-level, Position-Level reconciliation of depots and Front Office-Back Office Reconciliation (FOBO). ❖ Overviewing the day-to-day tasks of the SBL settlements and cash settlements team. ❖ Monitoring SWIFT payments pertaining to daily FX deals executed by the clients or agent bank in relation to the DVP/RVP trades, and, ensure timely approval by management and supervisors. ❖ Worked on various SWIFT formats - MT54x series, MT103, MT199, MT202, MT299, MT599, MT900 & MT910
❖ Following supervisory framework designed to minimize risks/losses. ❖ Ensuring transactions are correctly recorded in appropriate systems facilitating successful settlement. ❖ Investigation and resolution of failing transactions. ❖ Investigating & resolving cash and stock reconciliation issues. ❖ Handling query management and break resolution. ❖ Hands on experience in T2S, GSP, CMS, ERGV and Crest platform along with training initiatives for new resources on BAU procedures. ❖ Responsible for using defined procedures in resolving day-to-day issues and provide resolution to the CSRs or Sub-custodians queries. ❖ Proper escalation matrix defined for process in terms of SBS breach. ❖ Thorough knowledge of SLAs and settlement section of the securities market report. ❖ Responsible to support wider TA and CST and have been cross trained to perform additional duties and tasks accordingly. ❖ Adhering to all rules, regulations and procedures that govern this role and organization. ❖ Be aware of Operational Risk and escalate to Manager at all times.
I have worked as a learner trader for intra-day trading on NASDAQ/NSE Exchanges
I have completed my graduation in Bachelor of Commerce (Honours)
I have completed my graduation in Bachelor of Commerce (Honours)