Business Analyst
Barclays
Total years of experience :2 years, 4 Months
Analyst, Dec 2013 to March 2016 Barclays PLC, Chennai, TN, India- Investment Banking Division
Role Played: Business Analyst
Product : Equities & bonds
Responsibilities
Wealth Securities Settlements-
Dealt with Equities, Fixed Income and Bonds.
Pre-matching of settlements with financial institutions
Experience in markets such as CREST, Euro clear and DTC.
Extensive hands-on experience from Front, Middle to Back office in interacting with sales, trading, banking, operational and credit & compliance as well as external parties such as Agent Banks, Transfers agents, Exchanges and regulatory bodies.
Handled the settling of trades with high values, over 50 Million GBP.
Accustomed to high volume, volatile markets.
Experience with international and cross-border settlements.
Trade Support:-
Ensure timely pre-matching of trades on T+1 and also by ensuring the priority is set high of trades settling over 500K
Developed excellent rapport with Front Office and counterparties which ensured timely matching and amendment of the trades during discrepancies.
Settlement
Monitored the trades for T+3 and T+2 settlements
Continuous interaction with counterparties to ensure smooth settlements
Initiated the Buy-in procedure in Wealth settlements for all the purchase trades failing to settle which ensured clearance of legacy fails and breaks
Timely notification of all the failing sales which ensured no buy in threat received since migration further ensuring that the dealers bought back the stock to settle the failing sales
Handled counterparties efficiently where ensured the purchases /sales transactions are pre-matched and settlement on settlement date thereby eradicating any failing trades which resulted in no buy-ins received
Reconciliation:-
Ensured to create and verify a daily breaks reconciliations report to management
Ensured the first escalation procedure is followed on all the 5+ days breaks which are still not cleared due to the dependence of other teams.
Complied and processed monthly breaks reports.
I am a fairly quick learner and I have also continued my learning through daily interaction and training Pro grammes. I am not really looking for titles, but overall growth in tandem with my learning and Using my skills for the development of the organization. Therefore I could say that years after I will have learned more and assumed a role of huge responsibility Where I can take decisions of my own and make more significant contribution to the organization.