Abhishek Kulkarni

• Ensure all Derivative transactions executed by the Global Markets trading team are validated within the agreed turnaround time within Murex.
• Ensure all trade confirmations are sent to the Counterparties within the agreed turnaround time.
• Follow up with any Counterparties who we have not received a confirmation from.
• Track all confirmations that have not been signed and returned and escalate.
• Report any booking discrepancies found between the trade recap or affirmation system and Murex to Global Markets in a timely fashion The Settlements of the Global Market trades: Ensure all settlements booked in Murex are agreed with the counterparty via the pre-settlement procedure before the agreed value date.
• Ensure all settlements are processed on or before value date & to the correct SSIs.Follow up with the Counterparties for any non-receipts.
• Provided timely, accurate and thorough support to internal clients’ complex and routine derivative Settlement related inquiries.

• Control Risk Management, REG T , 15C3 extension Key Job Responsibilities Covering Debits of Private wealth management Clients, across internal custody and external custody, making sure debit is getting covered.
• Making sure Reg T extensions filling on time making sure liaising with sales to get the reason for extension and why the short positions are not getting covered.
• Getting Approvals from compliance, Asset servicing Team, making sure collateral is covered ensuring no restrictions on account before wiring out funds.
• Putting Instructions/Remits on the Accounts as Adhoc request raised by internal stake holders Managing Team of four FT’s Assigning Projects, Training taking care of their Leaves, escalation.

• Collateral Securities Lending Team Pilot batch part of Migration from Boston.
• Key Job Responsibilities Evaluate all collateral information and perform verification on same and analyze qualities for all loan collateral accounts and ensure eligibility for same.
• Actively participates in firm-wide strategic initiatives identify process improvements and efficiency opportunities in the daily workflow verbally confirming details of Derivative Trade products.
• Release the Loans as per requirement of Brokers making sure sufficient collateral is Covered.
• Ensure compliance to all Credit policy of organization and maintain accuracy in operational procedures and assist loan officers and customer in resolution of all issues.
• OTC TRADE capture team worked on IRS, CDS, TRS products part of Migration Investigation of any subsequent trade queries; involving liaison with documentation, Trade Processing to achieve a trade for trade portfolio match with the counterpart.
• Lead/mentor junior resource in the team and also involve ino technical design of proposed solution and responsible to introduce latest technology stack.
• Knowledge of the technical infrastructure that supports the business & effectively utilizes infrastructure for daily tasks.
• Cultivated and strengthened relationships with new clients and educated clients on account services and capabilities.

• Worked in OTC Collateral Management.
• As a Part of EMEA & NA region - Successful Migration (Custody, Settlements and Reconciliation), Handle the operational process of determining and confirming derivative trade terms and regulations with another professional clientele.
• Performed day to day tasks in Compliance with the Policies & Procedures & meeting the SLA; Performed activities related to Collateral Management such as issuing and monitoring margin calls in an accurate and timely manner.
• Reviewed the documentation process related to derivatives contract and confirm accuracy and legality in mentioned terms and conditions.
• Provided reports to senior management on valuation discrepancies and initial margin analysis in an effort to minimize market and collateral risk which assist in determining future trade strategy.
• Communicated and coordinated via verbal and written modes, across various partners and external parties to research and resolve exceptions.
• Provided timely, accurate and thorough support to internal clients’ complex and routine derivative valuation related inquiries.
• Participated to identify derivative opportunities; conducted research and test new hedging strategies.

Understanding the cycle from Collateral Manager to Custodian (Margining to Settlement)
• MTM, Threshold, MTA Knowledge (Call, Recall, Return, Delivery)
• Worked on Global Applications like Colline, Acadia Soft.
• Issuing Initial margin calls to all the brokers and processing
• Booking of Interest generated out of cash
• Understanding and working on different types of SWIFTS.(MT202, MT210, MT540, MT542
Etc.)And also settle the cash and Securities (DTC, cusips)
• Coordinating with legal, credit and other supporting teams to resolve client queries.
• TLM Reconciliation (Matching the Funds)
• Real-time Instructing trades to different depository like Crest, Euro clear, Cedel, FED well before cut off
• Have the good knowledge of Tri-Part Agreements and ACA-Account Control Agreement

• Bangalore - Karnataka ETD Trade processing, Position reconciliation.
• Actively participates in firm-wide strategic initiatives identify process improvements and efficiency opportunities in the daily workflow verbally confirming details of ETD Trade products.
• Trade processing for the error out trade or missed by internal stake holders to Nullify the breaks.
• Reconciling with broker and client’s books of accounts making sure we are on same page.