Summary
Overview
Work History
Education
Skills
Accomplishments
Timeline
AssistantManager

Abhay Agarwal

Associate Manager
Bengaluru

Summary

Associate Manager with extensive background in Pre-Post Settlement and Nostro investigation in FX, MM, Equity, Bond, Derivative and market operations who possess excellent negotiation, organizational, relationship management, problem solving and inter personal communication skills with cross-cultural adaptation & creative abilities

Overview

11
11
years of professional experience
5
5
years of post-secondary education
1
1
Language

Work History

Associate Manager

ANZ Banking Group
Bengaluru
07.2018 - Current
  • Operations Manager in Corporate FX function with an expertise in FX, MM Settlements for AU Funds with Products Skills Functional experience in Foreign Exchange, Money Markets, NDF, Auxiliaries Events
  • Executing FX/MM transactions via Swift messages based on the trade requirements and also performing Nostro reconciliation for FX/MM entries.
  • Process & people alignment based on Assets class achieving maximum coverage with robust Training and cross skilling framework.
  • Business & Ops point of contact working with Project /Technology /Front office team in outlining the requirements for change in process
  • Managing of controls for the respective workflows and ensuring periodic review of the effectiveness testing, as well representing and managing Group Audit for the Operations
  • Implying the strategic solution with a control mind-set for reduction in operational risk & errors.
  • Trained professional in MPE and MUREX applications for market operation monitoring.
  • Possess People leadership qualities, conducting 1:1's with the team, incident reporting, and performance analysis with feedbacks.
  • Developed organizational policies for administrative oversight and internal controls

Assistant Manager

HSBC
Bengaluru
04.2017 - 06.2018
  • Leading Prime Finance and Equity Derivatives Team (Swaps/Option affirmation. Settlement and Nostro Reconciliation/Investigation)
  • Monitor daily workflow and controls to ensure all currency settlement deadlines are met
  • Executing affirmation/settlement of TRS with the Prime Customers and performs pre settlement checks 2 days prior to settlement date
  • Managing escalation of issues received from clients/onshore members
  • Continuously analyzing the process and system knowledge of each team members to prevent knowledge gap within the team
  • Driving process improvement harmonization and effectively managing changes
  • Work with the quality control team to ensure overall high-quality profiles emanating from the team and address quality issues to meet the established performance standards
  • Client issues are proactively identified, resolved, escalated and appropriate measures are taken to improve quality and prevent recurrence
  • Supervisory and monitoring of tasks and team member performance and Extending support to team members
  • Conduct annual/quarterly performance appraisal of team members and proper feedback passed on to them

Acting Team Lead

Wipro Ltd
Mumbai
08.2013 - 03.2017
  • Responsible for Pre-Post Settlement (Equity, Bond and Treasury) and Nostro Reconciliations/Investigation, Trade Amendments with Private Banking Customers
  • Handling issues and making sure they are solved to the satisfaction of client meeting deadlines and service level standards
  • Update procedures and SOP timely with all process improvements/system enhancements
  • Taking part in recruitment process with Senior Manager
  • Provide training to new joiners following best practices in process and prepare cross training plan for team members
  • Monitoring the productivity / errors of the related process and report to the managers
  • Ensuring that the daily/weekly/Monthly targets are being met by the team
  • Prepare daily end of day breaks reports and send to Management
  • Performed key role in assessing team performance, Prepare KPI & KRI to identify the risk areas.
  • Having knowledge of trade settlement in Swiss, Germany, CEDEL, EGSP (NL, BE, FR), Sweden, Austria, CREST, Finland, Denmark, Norway, Euro clear, US (Fed & DTC), Canada, Mexico, France, Italy, Greece, Russia, Poland, Portugal, Israel and various other mid-east markets
  • Validation of the instructions to the market and to settle the same day value trades without any discrepancy with the CP before the cut off time.
  • Allocation of units to client for hedge funds and mutual funds during events like equalization, management fee redemption, performance fee adjustment, Limited partnership adjustment, Dividend reinvestment etc
  • Movement the stock across depository to make the depositary account sufficient
  • Executing transactions via SWIFT messages as per trade requirements and Instruct SPO (MT 599) to settle the cash difference or pair off the trades
  • Monitoring the trade fails, treasury positions, Buy-In monitoring and incidents.

Financial Analyst

eClerx Services Ltd
Pune
07.2011 - 08.2013


  • Responsible for Pre-Confirmation & Settlement of options (Plain Vanilla & exotic), swaps (VAR Swap & Div Swap) with the external counterparty and Inter entities
  • Liaising with internal counterparts (i.e Desk, Sales team, Trade Support, Confirmations, Legal, Finance) to work through issues and identify the correct remediation required Mitigating the Non-Conformity of Trades with counterparties
  • Ensure that all provisions/cash flows are booked correctly in risk system and middle office
  • Ensure to Achieved 100% on-The Value Date External/Internal Trade Settlements as per the SLAs
  • Kick Back of funds and recall funds to clear cash breaks
  • Matching of ledgers & statements (MT950)
  • Preparing month-end report and KRI reporting with commentary to internal control teams and senior management
  • Escalation of high risk items to manager and onshore team

Education

MBA - Finance

University of Pune
Pune
07.2009 - 06.2011

Bachelor of Science - Mathematics

Vardhman College
Bijnor
07.2004 - 06.2007

Skills

  • FX, Equity, Bond, MM Settlement Operations
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Accomplishments

  • Appreciation Certificate for 90-95 % confirmation rate in Jan 2012 and July 2012 during Option Expiration event
  • Hall of Fame Award received from Global Head of Eclerx Services in October 2012
  • Award for implementing maximum process improvement ideas in Dec 2012
  • Best Team Award for June 2016 in Wipro Ltd.
  • Star performer of Oct 2014 and June 2016 in Wipro Ltd.
  • Employee of the year 2014 in Wipro Ltd.
  • Star Manager of Dec 2017 in HSBC
  • Star Manager of May 2019 in ANZ


Timeline

Associate Manager

ANZ Banking Group
07.2018 - Current

Assistant Manager

HSBC
04.2017 - 06.2018

Acting Team Lead

Wipro Ltd
08.2013 - 03.2017

Financial Analyst

eClerx Services Ltd
07.2011 - 08.2013

MBA - Finance

University of Pune
07.2009 - 06.2011

Bachelor of Science - Mathematics

Vardhman College
07.2004 - 06.2007

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Abhay AgarwalAssociate Manager