Abir Majumdaarr
Jaipur
Summary
- Offering 11Years’ of experience in Delivery Management, Process Management, Process Migration, Trade Support – Middle Office, Back Office in the Investment Banking Operations .
- Recommended by client J.P Morgan for being Asset to Barclays.
- Introduced macros & also shared process improvement ideas for quick & error free productivity.
- Pro activeness helped me in identifying incorrect invoices sent by counterparties & brought to the notice of higher management and saved around 2,000,000 Euros & 3,000,000$
- Received appreciation from our director & FICC rates team head for making the error free report .
- I recieved full scholarship from The Mountbatten Institute for the certification of International business practices.
- Writing & implementing procedure changes to support process changes and task migration to India.
- Performed GPS with 99% settlement rate & received appreciation from onshore & Current Management.
Overview
13
13
years of professional experience
Work History
Bank Loan Syndication
Fidelity(Barclays)
Pune
12.2021 - 09.2024
- Cataloguing of loan documents.
- Extracting loan details from loan documents and feeding in docintel.
- Processing of loans& documents depending on property files.
- Handling HFI Loans extraction & validating it with client data.
- Investigating & closing loans.
- Transferring cash from loan A/c to fund A/c through OMP.
- Using application Loan servicing Dashboard processing on High value trades of different funds. Ensuring all trades are setteled on contractual date
Fund creation
IHS Markit
Gurgaon
10.2020 - 12.2021
- Creation of beneficiary identification code for different dealers and end users
- Setting up static for Dodd frank & EMIR reporting
- To enable mapping of clearing houses like CME, ICE, LCH between bank and end user so they can trade
- Deactivation and rename of participants and funds is also done
- LEI sent by client as per the bic is also checked and informed in case of any error found.
Brokerage Payable
Bank of America
Gurgaon
05.2017 - 10.2020
- As a part of brokerage team, I took care of clients from GPS, Atlantis & Manual platforms
- Setting up call with the clients to reduce the number of discrepancies and breaks with clients
- Sharing process improvement ideas to improve productivity
- Performed GPS independently and achieved a settlement rate of 99%.
Middle Office Role and Pair Off
Accenture(Barclays)
05.2016 - 10.2016
- Ensuring operational risk is managed effectively and efficiently
- Constantly observing the settlements team to settle trades on time
- In case of any complex issues getting in call with the settlements team & client to bring solution
- Currently helping the Pre-matching team by pairing of the trades to reduce any issue
- A macro for Pair Off will be initiated very shortly which would save time, bring in more accuracy and very less manual intervention will be required
- The idea of Macro in Pair off will also save 0.5FT.
Fixed income (Pre Matching)
Barclays Capital
Chennai
05.2014 - 05.2016
- Communicating effectively with our MO to understand the discrepancies by giving a detailed explanations of incorrect flow of trade in our system and facilitating our I clients to solve the issue on high priority
- Initiated a macro for all the VD-1 counterparty missing inx trades and saving a 1 ft also working with Change management team to create a macro for all the reports that are sent on a daily basis which will save a lot of time of our entire team
- Clearing breaks, investigate and resolve trade inconsistency, highlight incorrect, missing trade and duped trades that are booked
- Training and guiding new team members recruited in our team and giving them a detailed knowledge of our system and process knowledge
- Communicating extensively with clients and our MO to resolve queries within strict deadlines resulting in zero claims
- Recommended by client J.P Morgan for being Asset to Barclays.
FICC
Barclays LONDON
03.2013 - 03.2014
- Prepaid more than two detailed procedure docs for migrating process from London to India.
- FICC Dashboard- The FICC dashboard is made to know the number of breaks in Rates team which is indicated with rag status and indicates the amount of high-risk breaks and once it is done then it is sent to higher management which includes Md and Global heads
- Received appreciation from our director & FICC rates team head for making the error free report
- Markit wire- It is an explanation of the not picked up trades and pending trades
- The trades that are greater than 4 days old are escalated, so that there are no high-risk trade items at EOD which was sent to our traders and Managing directors only.
Brokerage - Fixed Income
Deutsche Bank
05.2011 - 03.2013
- Made external payment to clients and ensuring that the client has received the payments on time. Used MT202 &MT599 very frequently.
- Investigating and implementing permanent fixes by introducing a macro to our team which was a 1 ft save and bringing in more accuracy to the brokerage team, which was appreciated by our cluster head and global head of business engineering team and received a cash award
- Participated in weekly management meetings discussing and agreeing on solutions to various issues, system improvements and potential cost savings through process enhancements
- Proactiveness and accuracy helped me in identification of incorrect invoices sent from counterparties and which I brought to the notice of higher management and saved around 2,000,000 Euros and 3,000,000 $.
Education
International Business Practices -
The Mountbatten Institute
London03-2014
BBA -
University of Rajasthan
Jaipur07-2011
High School Diploma -
Dav Public School
Jaipur05-2008
Skills
- Managing the controls and reporting activities of the process and ensuring the KPI’s are met
- Attending to the weekly/monthly client/management calls and cascading the information to the team
- Forecasting workload and utilizing the available resources for executing tasks
- Handling the Business Continuity Management activities for the process, cross training the staff and other related activities
Education and Training
Jaipur,Jaipur,London
Contact
Jaipur India
Timeline
Bank Loan Syndication
Fidelity(Barclays)
12.2021 - 09.2024
Fund creation
IHS Markit
10.2020 - 12.2021
Brokerage Payable
Bank of America
05.2017 - 10.2020
Middle Office Role and Pair Off
Accenture(Barclays)
05.2016 - 10.2016
Fixed income (Pre Matching)
Barclays Capital
05.2014 - 05.2016
FICC
Barclays LONDON
03.2013 - 03.2014
Brokerage - Fixed Income
Deutsche Bank
05.2011 - 03.2013
International Business Practices -
The Mountbatten Institute
BBA -
University of Rajasthan
High School Diploma -
Dav Public School
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