AKSHAY KOTIAN
Financial Operations Manager
Mumbai,Maharashtra
Summary
- 9+ years of experience in Financial Markets, Trade Support(Securities Lending), CCP, Middle Office Operations, ProductSupport, Contract compare, Billing, Process Management and MIS Reporting & Maintenance in Banking and Finance sectors
- Base level management to Middle level management assignments in financial services and Investment Banking with an organisation of repute preferably in Finance industry
- Analytical professional with strong background in financial modeling and risk management. Skilled in providing financial consultations and solutions for businesses of all sizes. Astute candidate develops new strategies and processes to optimize financial operations.
Overview
10
10
years of professional experience
Work History
Process Manager
eClerx Services Private Limited
04.2022 - Current
- Managing and handling whole EMEA (A/c opening, Middle office, Product support, Contract Compare, Billing and CCP) and APAC (Middle office) functions for Securities Lending business for one of the fortune 500 investment bank to ensure smooth flow of BAU and meet SLA’s across the sub-processes
- In addition to this the below activities also fall under my purview:
- Managing and handling 5 different team in Sec-lending EMEA and have 37 FTE’s Reporting to me including 3 APM
- Prepare MBRs / QBRs and present the same on the respective calls to the higher management at eClerx and SOW owners at CP’s end
- Performed new process transition for daily FID exclusive Fund and calculating the NAV for same
- Working on New Transition for FID compare and Middle office
- Providing efforts benefits with connecting the process knowledge and system
- Working of RPA project to streamline CCP function
- Daily connect with Client and Associate managers to understand and direct process requirement and objective’s
- Make sure cross training across the function is done by team
- Provide clear object and goal to Analyst/ Sr
- Analyst and Associate managers
- To Provide feedback on basis of performance made by team and individual (Quarterly / Semi-annually /Yearly)
- Step in any risk area wherein team need to more support and guidance
- Creating the credit and debit tracker for productivity of work
- Performing IC role too for complex and risk related task or activities
- Achievements:
- Given multiple Idea which provide saving for around 2 FTE across EMEA region
Associate Process Manager
eClerx Services Private Limited
04.2019 - 03.2022
- Managed Middle office, Contract Compare and CCP functions for Securities Lending
- SFTR Go Live readiness discussions and plan of action to reduce / resolve breaks
- Preparation of KRI and KPI packs for all the Sec Lending sub-processes
- Prepare MBRs and present the same on the respective calls to the higher management at eClerx and SOW owners at CP’s end
- Prepare KPI’s and KRI’s pack for the month and upload the same to meet the governance requirements
- Handle complete transition of new process / activities and adhere to all the requirements before the process goes live
- On-boarding new joiners, designing training plan and have the new joiners trained at the earliest
- Take up client calls to address any escalations / issues and provide an RCA of the event
- To make sure all respective activities are completed on or before deadline
- To Provide feedback on basis of performance made by team and individual (Quarterly / Semi-annually /Yearly)
- Achievements:
- Awarded Manager of the quarter 2019 (Oct – Dec) on the back managing multiple functions efficiently and streamlining a couple of activities on the Compare and CCP functions
- Awarded Best Manager of the year for 2020-21 for Managing EMEA and other region with minimum Escalation in any of process and making sure each team have clear goal and object
Senior Financial Analyst
eClerx Services Private Limited
03.2017 - 03.2019
- Posts rejoining in Sept’15, I was promoted to Senior Analyst role on a fast-track promotion model, below are the roles and responsibilities that were added to my scope:
- Assigning and resolving PnB Cash, Cash Wash and Cash IM breaks
- Investigation and manual reconciliation of various break types (Positions, Collateral, Tri-Party, Cash breaks, etc.)
- Reconciling the trades
- Bills to bring billing accruals in-line to allow settlement of bills,
- RCAs of recurring breaks and provide one time solution to fix such breaks
- Handled middle Office operation functions, (Trade Bookings, Trade Cancellations, Security Markings, Trade Amendments, etc)
- Analysing the trades and their settlements for the equity markets for EU region
- Setup of the account on which the trades are booked,
- Train the new on boarders on different activities and delegate work to them post training
- Support NA recon team in resolving aged and high values breaks
- Additional activities performed includes:
- Preparation Risk Pack
- Leading the weekly Controls call
- Setting up and leading all calls to discuss any issues / specific agenda with the client
- Periodic review & audit of the SOPs, making sure all exceptions are updated and signed off
- Handling and managing internal / external escalations
- Achievements:
- Introduced multiple macros to automate a couple of activities or monotonous processes
- Delivered a saving of approximately 5 FTEs across 3 years by process improvements and development of macros
- Awarded Analyst of the year in 2016 based on out of the box thinking and best performance throughout the year
- Awarded multiple spot awards during the tenure as an acknowledgment of my performance and the efforts put in for resolving complex issues
Financial Analyst
Services Private Limited
09.2015
- Highlights
- Live process work where I coordinated with different teams located in London, Glasgow & New York and resolve all the errors caused in between the trading and other trade settlements, which has enhanced my analytical skills
- Part of Middle Office operation function, (Trade Bookings, Trade Cancellations, Security Markings, Trade Amendments, etc)
- Investigate the cause of intra-day & future stock imbalances (position reconciliation) and resolving them by requesting the trading desk to allocate long positions and cover short positions
- Analyzing the trades and their settlements for the equity markets for EU region
- Setup of the account on which the trades are booked,
- Train the new on boarders on different activities and delegate work to them post training.
Financial Analyst
Eclerx
Mumbai
10.2013 - 12.2014
- Conducted detailed financial analysis to identify and evaluate changes in operations, trends and potential areas of improvement.
- Evaluated financial performance of investments, acquisitions and other business opportunities to provide strategic recommendations.
- Used relevant financial technology to generate reports and recommended courses of action to upper management.
Education
TYBFM - undefined
V.E.S College, Mumbai University
Skills
Conducted Business Process Re-engineering and Transition Managementundefined
Accomplishments
- NCFM Derivative Markets Dealers Module
- 2nd prize in white and black India debate
- 3rd prize in Bizz Quiz completion
- Represented the college profile to NAAC
- Co-ordinated work on liberalisation of economy with B.com (economic dept) to prepare new norms
- EXTRA CURRICULAR and PROJECTS
- Projects on:
- Foreign Direct Investment
- Foreign Direct Investment in Retail Sector
- Reading Books
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Quote
If the doors of perception were cleaned, everything would appear to man as it is: infinite.
William Blake
Timeline
Process Manager
eClerx Services Private Limited
04.2022 - Current
Associate Process Manager
eClerx Services Private Limited
04.2019 - 03.2022
Senior Financial Analyst
eClerx Services Private Limited
03.2017 - 03.2019
Financial Analyst
Services Private Limited
09.2015
Financial Analyst
Eclerx
10.2013 - 12.2014
TYBFM - undefined
V.E.S College, Mumbai University
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