سهيل احمد شیخ Sheikh, Senior Manager - Middle Office, Collateral Management  and Clearing Operations

سهيل احمد شیخ Sheikh

Senior Manager - Middle Office, Collateral Management and Clearing Operations

National Bank of Kuwait

البلد
الكويت - الكويت
التعليم
ماجستير, Professional Finance & Banking
الخبرات
14 years, 1 أشهر

مشاركة سيرتي الذاتية

حظر المستخدم


الخبرة العملية

مجموع سنوات الخبرة :14 years, 1 أشهر

Senior Manager - Middle Office, Collateral Management and Clearing Operations في National Bank of Kuwait
  • الكويت - الكويت
  • أشغل هذه الوظيفة منذ نوفمبر 2020

Responsibilities:
• Accountable for Bilateral Collateral Management, Middle Office and Clearing Operations.
• Provide Middle Office operations and systems knowledge to ensure the successful execution of Middle Office daily workflows.
• Process, reconcile, investigate and monitor margin calls; oversee adequate trade recordings and margin call processing in Murex and Bloomberg system. Reconcile trade confirmations against recordings using Murex reports.
• Utilized Murex Systems for processing of trade transactions, margining transactions, reporting and IRS hedge processing.
• Maintain communication with internal (Front Office, Treasury Operations, Market Risk, Group Financial Control, International Banking Division, NBK Locations) and external (Clearing Agents, Collateral Management Agents, Counterparty Banks) stakeholders.
• Analyze and resolve collateral/ margin disputes with Collateral Agent and Counterparties as well as resolve valuation disputes with Clearing Agent and Counterparties.
• Manage a team of high-performing professionals across Clearing and Collateral functions including performance management, coaching, escalation, capacity management etc
• Provide quality support for respective daily margining processes and controls as well as assist with ongoing and ad-hoc initiatives pertaining to collateral management.
• Ensure Middle Office workflow activities and Collateral operations follow established risk controls and are in compliance with applicable rules, regulations, policies and procedures.

Assistant Manager - MIS & Settlement Operations في Kuwait Financial Centre
  • الكويت
  • مارس 2017 إلى أكتوبر 2020

Responsibilities:
• Maintained detailed records of investments (portfolio management); managed collection, invoicing, incentive feed and reimbursable expenses for portfolios and funds.
• Oversaw transaction processing, internal/ external client support and service of Defined Contribution/ Defined Benefit plans for assigned institutional clients.
• Ensured comprehensive procedures and controls are in place; concluded business with complete capture, recording and settlement of all required trades by end of day daily.
• Monitored the work in progress and daily transaction volume via various daily/ weekly/ monthly management information and control reports.
• Managed market data validation in Bloomberg and Reuters systems.
• Analyzed processes and provided inputs to the IT team for enhancing automation accuracy and system performance.
• Performed reconciliation of assets held as per Markaz systems with external record-keepers (custodian bank, transfer agent etc.) and with other internal records (e.g., vault log), thereby validating custody of assets.
• Provided portfolio and fund information to product manager, clients and 3rd parties, such as CMA, custodians and banks.
• Rectified operating errors and ensured appropriate action to minimize any financial loss and to prevent occurrence.

Team Leader - Settlement & Collateral Operations في Societe Generale
  • الهند - تشيناي
  • مايو 2016 إلى ديسمبر 2016

Responsibilities:
• Supervised a team of 5 members for managing OTC Collateral and Settlement Operations including calculation, issuance, agreement and settlement of margin calls relating to OTC portfolios.
• Provide collateral management/ reconciliation support to internal and external clients, including monitoring collateral inflows from counterparties, facilitating margin dispute resolution between parties and verifying delivery of collateral to clients and brokers.
• Ensured the availability of posted collateral securities in Markets Euro clear and Clear stream systems; investigated eligible collateral disputes referring to ISDA CSA documentation.
• Oversaw margin movements like IM, VM and PAI amounts booked by the associates; validated and ensured all margin calls are issued on a timely basis.
• Developed a Dispute Workflow tool to determine margin requirement, MIS & root cause analysis for dispute events.

Team Leader - Trade Support & Settlement Operations في JP Morgan Chase Services India Pvt Ltd
  • الهند - مومباي
  • يونيو 2014 إلى مايو 2016

Responsibilities:
• Responsible for managing settlements of CCYs for internal trades; coordinated various activities of the team related to trade processing and regulatory reporting, confirmation of trades, settlements and cash processing.
• Managed the nostros settlement process on daily basis (with average volume of 400-600 nostro breaks); concluded all types of Nostro break and post settlement issues as quickly and effectively as possible.

Team Leader - Collateral & Clearing Operations في Barclays Capital India Shared Services Pvt Ltd
  • الهند
  • أكتوبر 2012 إلى نوفمبر 2013
Team Leader - Trade Support & Settlement Operations في JP Morgan Chase Services India Pvt Ltd
  • الهند - مومباي
  • مارس 2009 إلى فبراير 2012

Responsibilities:
• Maintained close interaction with the business (Front Office, Sales and Middle Office) to ensure a seamless and quality service to the client.
• Responsible for real-time trade management, reconciling and resolving stock/cash position breaks on TLM and JPM systems.
• Worked as a SPOC for audit, knowledge transfer, resource allocation & BCP assignment.

الخلفية التعليمية

ماجستير, Professional Finance & Banking
  • في Edith Cowen University
  • يناير 2009
بكالوريوس, Bachelor of Science
  • في University of Kashmir
  • يناير 2008

Specialties & Skills

Credit Derivatives
Interest Rate Derivatives
Banking
Investment Banking
Clearing Operations
LIBOR Transition
Market Data Curves Analysis
Decision Making
FX and IRS Derivative Valuation
End to End Collateral Management
Trade Settlement
SOP Preparation
Applications Used: Murex, Bloomberg, Refinitive/ Reuters, Tri_Optima, Acadia soft, Vestio, MSOffice
IRS Hedging
MTM Reconciliation
Middle Office Operations
End to End Dispute Management
Settlement operations
Trade Support Operations
SOP Handling
Process Reengineering
Support to Internal and External Audit
Nostro Reconciliation
Trioptima reconciliations
Team Building & Leadership
UAT Testing

اللغات

الانجليزية
متمرّس
الأوردو
متمرّس