TEAM LEADER
NORTHERN TRUST
Total years of experience :8 years, 10 Months
Diligent and result-oriented professional with 9 years of experience in the spectrum of Banking and Financial Services with primary focus on, Risk Management, Relationship Management, Internal Audit, Management Reporting, Interbank transfers, Risk and Compliance Reporting, and Portfolio Management of Collateralized Securities. Having worked with one of the largest Custodian Bank in the world, major skills include proficiency in streamlining processes at par with global industry standards, managing teams to work in sync with the corporate/client set parameters & ensuring high standards of accuracy demanded by Regulators and other stakeholders.
Areas of Expertise:
• Operations Risk Management
• Trade Settlements
• Project Management
• Due Diligence
• Compliance Audit
• AML, OFAC and other regulations
• Management Reporting- Risk
• Capital Markets
• Performance & People Management
• Business Continuity Management
• Repurchase market settlements
Risk & Quality Management:
• Support, educate and advise employees by checking - in on a regular basis to ensure policies are being followed.
• Ensuring compliance with Anti Money Laundering Policy and in line with US OFAC sanctions list. Reporting all the suspicious Activities (SAR).
• Research, Analyse and resolve any discrepancy in the wire payments to the third parties.
• Worked with Internal & External Auditors to ensure the process & procedures are in compliance with Operations Risk Management policies and guidelines.
• Monitor and see the business is operating according to applicable regulatory requirement, Operating processes and policies thus avoiding security breaches.
• Identify gaps in the existing operations practice and participate in developing, maintaining, and implementing changes to the policies and procedures.
• Responsible for reviewing and making changes to Fund Transfer Policy, Service Level Agreement, Detailed Procedure Analysis Document and signing off the same.
• Replicate any changes in the policies & procedures to the Team.
• Completing & reporting of Early warning system (EWS) to foresee any Key Risk Indicator (KRI). Reporting of any near miss cases, potential loss situation etc.
• Ensuring all activities and transaction in clients’ accounts are in accordance with the CASS rules.
• Improve client asset risk identification, assessment and mitigation.
• Responsible for conducting the periodical BCP tests and prepare employees for real BCP environment.
Process Operations Management:
• Overall Responsibility of Fixed Income, MMI, Derivatives processes.
• Responsible for timely settlement of Trades via STP & also in Trade passport for the manual ones. Ensure the error free processing in Custody Systems.
• Responsible for timely confirmation of Derivatives settlements in Custody systems after verifying with third party brokers. Verifying trade tickets for any variances.
• Processing various corporate action events like Cash Dividends, Coupon payments, Bonds Interest in clients’ accounts without errors.
• Provided transactional support for the Fail Trades in Mortgage Backed Securities.
• Accurate processing of transactions after getting the Trade instructions via SWIFT.
• Handled the critical Treasury Repo functions. Responsible for the wire transfer for Repo accounts to other Brokers and Investment Managers.
• Responsible for Performance Management process of the employees.
• Supports operations by supervising staff; planning, organizing, and implementing administrative systems.
• Accomplishes staff results by communicating job expectations; planning, monitoring, and appraising job results; coaching, counselling, and disciplining employees; initiating, coordinating, and enforcing systems, policies, and procedures.
• Assist management on the Budget planning on Increment, Bonus for the employees.
• Responsible for a fair distribution of Funds after the final discussions with the managers.
• Responsible for the process development in the Team.
• Requirement gathering for the process re-engineering and finding a solution for the same.
• Liable to figure out the bottlenecks of the process and fix those in order to streamline the process.
• Responsible for carrying out root cause analysis of operational problems and through dialogue with business owners and technology recommend solutions.
• Monitored all exceptions on DTC and FED.
• Provided the Manager with weekly analysis and trends of the control accounts.
• Closely worked with Business Analysts to resolve the exceptions and escalating of any potential issues.
• Replicated any changes in the procedures to the team periodically.
• Responsible for the system enhancements, testing of new reports etc.
• Accountable for raising & creating dockets for the system issues after discussion with the senior members of the Company.
• Responsible for escalation of any potential issues.
• Managed point of contact for all the projects undertaken in the team.
• Performing User Acceptance Testing for implementation of new system in Custody.
Ensure all the work is completed by eod and without any manual error.
Responsible for processing, recording, monitoring, collecting and distributing bond interest & dividend income relating to U.S domestic securities due to the Bank’s Clients.
Responsible for processing, recording, monitoring, collecting and distributing bond interest & dividend income relating to U.S domestic securities due to the Bank’s Clients.
Operate with counter parties for discrepancies and be part of problem solving in daily processing.
Resolve all the enquiries from Clients; Reporting to the Team Leader of any issues.
Monitor of Corporate Action News through various sources.
Follow up of Cash Dividends with brokers and sub custodians.
Processed the Wire Outs that owes to the Broker for the payments of Repo Collateral in Treasury.
Position Management, Security/Cash Settlement, Corporate Actions, Reporting, Invoicing, Reconciliation, Swift, Market Security Movement, Cash Management, Income Management and specialized reporting.
Performing User Acceptance Testing for implementation of new system in Custody.
Overall responsibility of the Fixed Income Operations, Fail Trade settlements adjustments.
Done planning and execution of the training for the partners.
Ensured daily volumes are completed as per the specified SLA.
Prepared training schedules for new recruits and conducting assessments for various applications used in the process.