Deputy Manager
Karvy Data Management Services Ltd
Total years of experience :8 years, 11 Months
Deputy Manager for the team of RTA Operations involved in Mandatory & Voluntary Corporate Actions, Reconciliation, Transactions Processing and Electronic Voting (passing of the resolution by postal ballot).
• Single point of contact for depository operations in entire Karvy.
• Actively assisting in OP (operations plan) preparation at business end.
• Preparing financial performance reviews and pitching the same to the leadership.
• Ensure smooth transition of new processes (on site preparedness).
• Maintaining the unclaimed securities accounts and preparing the reconciliations whenever client wants.
Corporate Actions:
• Equity’s: IPO’s, FPO’s, Rights Issues, Bonus, Stock Splits, Scheme of Arrangements/Amalgamations, etc.
• Commodities: Revaluation of commodities, Fresh deposits etc.
• Debts: Issue, Restructuring & Redemptions of Certificate of deposit, Commercial papers, Bonds/Debentures, Warrants, etc.
• Mutual Funds: NFO’S, Purchases, Repurchase, Dividend Reinvestments, Mergers, Pay in for MFSS Platform etc.
• Verification of Data before executing the corporate actions.
• Resolving the issues between Issuer Company and the Depositories for smooth execution of corporate action.
• Maintaining the Corporate Action records physical as well as soft copies for Internal/External Audit.
Transaction Processing:
• Ensuring that interdependent operations on the Depository systems are either all completed successfully or all cancelled successfully, i.e., Dematerialisation, Rematerialisation etc.
• Transaction processing links multiple individual operations in a single, indivisible transaction, and ensures that either all operations in a transaction are completed without error, or none of them are. If some of the operations are completed but errors occur then steps to be taken to rectification or re-execution.
Risk Management:
• Risk management system is integral to an efficient clearing and settlement system.
• Measures to be taken to avoid wrong execution by examine the documents and data properly.
• Before execution it should be verified by internal audit team.
• Proper steps to be taken to avoid hassle on audit from External Auditors/Regulatory Authority.
Reconciliations:
• Preparing the reconciliations for each ISIN (International Securities Identification Number) & ICIN (International Commodities Identification Number).
• Coordinating with the Depositories and reconciling the back office database.
e-Voting:
• e-Voting is voting through an electronic system where shareholders can vote on resolutions of companies requiring voting through Postal Ballot without having the necessity of sending their votes through post. e-Voting platform to facilitate shareholders to cast vote in electronic form through internet. Passing of the resolution by postal ballot
• e-Voting event creation and generating the passwords.
• Passwords will be delivered through email whose ids are registered and password will be send through post for non email cases.
• Passwords will not be generated for existing investors; same login/password can be used for any number of e-Voting events.