Senior associate
Accenture Solution Pvt.Ltd
Total years of experience :4 years, 4 Months
Contracted through: SBS Global
Senior associate Corporate action (Equities dividend payment):
• Took charge of overseeing Equities Dividend payment management by analyzing various information sources (DTCC, CREST, and Euroclear ), ensuring accuracy, and proactively seeking clarifications when needed.
• Proficiently managed ISO 20022 MT564, MT565 and MT566 SWIFT messages, meticulously overseeing dividend payments to shareholders on a project basis.
• Ensuring the secure and efficient payment of dividends by meticulously verifying SWIFT messages received from authorization sources, aligning them with alerts, and confirming the accuracy of all pertinent information .
• Established effective communication channels with global agents in the US, UK, and EMEA (Europe, Middle East, and Africa) promptly addressing outstanding payments and collaborating to resolve issues.
• Executed thorough reconciliation processes, verifying holdings with agents before pay dates.
• Coordinated daily reconciliation of Nostro breaks, expertly reconciling paid and unpaid dividend reports and providing it to management, and maintaining stringent accuracy standards.
Fund accounting:
• Key in automating report generation forfunds, resulting in a 30% increase in team efficiency and ensuring timely meeting of deadlines.
• Proficient in precise Net Asset Values (NAVs) computation for funds, generating detailed daily reports for clients, and maintaining meticulous records of securities value changes by routinely comparing previous NAVs with current figures.
• Adept in investigating securities exceeding tolerance levels, identifying root causes, and collaborating with relevant teams to rectify discrepancies effectively.
• Skilled in handling fund transactions like subscriptions and redemptions, ensuring smooth portfolio management.
• Experienced in reconciling various corporate actions (merger and acquisition, dividends pay out, Buyback of shares, stock splits etc.) within fund portfolios, ensuring accuracy and compliance.
• Conduct daily research to reconcile cash and asset differences between accounting records and custody data, maintaining precision.
• Effectively managing allocated fund-specific tasks, ensuring timely completion, providing necessary sign-offs, and promptly escalating and resolving any issues or discrepancies that arise.
Custody and settlements (Global Trade settlements)
● Played a pivotal role in helping client in Straight-Through Processing (STP) streamlining operations and improving efficiency.
● Effective in settling trades in global markets, including ANZ, APAC, EMEA, and AMERICAS markets.
● Proficiently manage trade settlements across global markets, utilizing ISO 20022 SWIFT messages, including MT540, MT541, MT542, MT543, MT544, MT545, MT546, MT547, and MT548 for secure and efficient trade execution.
● Proficient in managing Fax instructions and MT599 (free-format messages) for trade creation, cancellation, and modifications, including the thorough verification of their origins from authorized sources.
● Manage trade authorization with accurate SSIs, ensuring secure and efficient settlements aligned with alerts.
● Managed repos, facilitating short-term borrowing and lending of securities to optimize liquidity and ensure regulatory compliance.
● Ensure precise actions and monitor same-day, Forex, and Buy-in trades, promptly resolving unmatched queues for smooth transactions.
● Efficiently collaborate with 84+ country sub-custodians and Centralized depositories to address emergency settlement needs, gather critical market updates, address client queries, and ensure accurate settlement instructions, thereby providing comprehensive market updates to clients.
● Verify client liquidity for securities purchases, collaborating for compliance and risk mitigation.
● Responsible for setup, maintenance, and reporting of security identifiers crucial for trade identification and tracking (ISIN, CUSIP, and SEDOL).
● Preparing failed and settled trade reports on daily basis of different market zones and providing it to Client, management and teams.