Overview
Work History
Education
Skills
Timeline
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Akshay Sutar

Operational Analyst
Mumbai,MH

Overview

7
7
years of professional experience
2
2
years of post-secondary education

Work History

Operations Analyst

J.P. Morgan Chase & Co.
Mumbai, Maharashtra
02.2019 - Current
  • Working as a custodian for clients across the globe.
  • Working on applications like Bancs, Cosmic, cside, Alteryx & Share point.
  • Working on cash and dividend distribution of clients after event announcement.
  • Providing Lend loan facilities to clients.
  • Working with a pre-reconciliation team to make sure the client is paid correctly on pay date.
  • To find discrepancies in MT566 before the pay date and to make sure the client is paid well before.
  • To work with the Tax and income team in regards to Tax related queries.
  • To work with the Asset serving group to solve discrepancies in MT566.
  • Working with the tech team to understand technical issues in application and then to provide permanent mitigation for the same.
  • Coordinate with agents to understand and resolve differences in Tax rate charged.
  • Ensure BAU is working smoothly and preparation of advance excels for enhancement of process.

Senior Analyst

eClerx
Mumbai, Maharashta
03.2018 - 02.2019
  • Handling EMEA, Emerging, Asia-specific market settlements.
  • Experience with international, cross-border and domestic settlements.
  • Working in Middle Office Operations, coordinating with various Counterparties, Back Office and Front Office to ensure timely settlements of trades in live markets to ensure that all issues, escalations are resolved.
  • Ensure timely settlements of all trades within the stipulated time for the funds and custody deadlines for various counterparties across the globe.
  • Contacting custodians and agents to know the status and position available.
  • Analyzing the settlement location of the trades to hold the position of bonds and equity for delivery.
  • Liaise with finance desk traders to cover short positions in case of firm short.
  • Preparation of daily volumes/billing and to send them to upper-level management.
  • Preparation of SRS (systematic revenue system plan) report.
  • Performance tracker of team, error tracker and resolution to oversight.

Analyst- Middle Office Corporate Action

State Street Syntel Service Pvt Ltd.
Mumbai, Maharashtra
01.2016 - 03.2018
  • Part of the Middle office corporate actions team in Asset Servicing Group.
  • Entitlement calculation on all the corporate action events on Ex, Effective and/or Expiration date for all mandatory, mandatory with options and voluntary corporate actions.
  • Preparing payment sheets for each corporate action with expected / projected entitlement.
  • Blocking of shares on an accounting platform posted before the payable date by the processing team.
  • Matching the entitlement received via MT566 from different custodians against the expected / projected entitlement and confirming the same to the processing team on pay date.
  • Chasing and following up with different custodians for setting up MT566 swift on our Bic code.
  • Following up with custodians for any mismatch or non-receipt of entitlement via email.
  • Instructing processing teams to post entitlement as per payment sheet and verifying if already posted.
  • Un-blocking the shares as soon as confirmation from custody is received on entitlement.
  • Researching / Resolving all the cash and stock discrepancies between custody and accounting arising due to corporate actions.
  • Preparing blocked position reports with proper comments and sending the same to the Client.
  • Interacting with the onshore team and replying to their emails on a daily basis.
  • Training new joiners.
  • Participating in team/process/vertical level strategic initiatives.
  • Handling team in absence of First Line Manager.

Accountant-

BMW-Infinity Cars Pvt Ltd.
Mumbai, Maharashtra
06.2014 - 12.2015
  • Handling of petty cash
  • Preparation of work shop daily reports
  • Reporting of daily profit and loss, outstanding reports to senior level.
  • Other accounting related files reporting and balance sheet.

Education

B.com -

Modern College
Navi Mumbai
06.2012 - 04.2014

Skills

Trade Settlements

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Timeline

Operations Analyst

J.P. Morgan Chase & Co.
02.2019 - Current

Senior Analyst

eClerx
03.2018 - 02.2019

Analyst- Middle Office Corporate Action

State Street Syntel Service Pvt Ltd.
01.2016 - 03.2018

Accountant-

BMW-Infinity Cars Pvt Ltd.
06.2014 - 12.2015

B.com -

Modern College
06.2012 - 04.2014

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Akshay SutarOperational Analyst