Aditya Machamwar
Mumbai
Summary
Overall, 8.8 years of experience in Data Management, DQ issue & Data Gap remediation, Regulatory Reporting, MIS slides, Stakeholder Reporting Risk Reporting & Reconciliation, , VAR exposure, Basel 3, Settlement, NAV calculation, Transfer Agency, Internal & External position and cash recon. Currently working in Bank of America as Assistant Manager for Data Management CFO (Mumbai). Prior to that Chief Risk Officer for Market Risk/Credit Risk domain in Credit Suisse (Pune).
Overview
9
9
years of professional experience
Work History
Assistant Manager
Bank of America
Mumbai
08.2024 - Current
- Company Overview: Project – CFO Data Management (EMEA Regulatory Reporting)
- Managing the EMEA regulatory data team to mitigate gaps in the data flow and facilitate accurate regulatory reporting.
- CFO DM activities include such as Data Governance, Metadata management, Data Quality management, Production Data Validation, Reconciliation of Trade and GL Data, Reference data validations etc.
- Perform Monthly and Quarterly Reconciliation of Trade and Ledger data to identify and rectify discrepancies, ensuring seamless operations.
- Perform various Trade related adjustment to fix data gaps for regulatory reporting.
- Perform various Counterparty and Trade checks on daily and weekly basis to be in compliant reporting.
- Identify issues, its root cause, work with stakeholders in Global markets on issues resolution and post adjustments as needed.
- Extract data from various upstream providers and ADS’s along with checking data quality and timeliness.
- Worked with various IT teams to fix data quality issue, data completeness or timeliness to meet SLAs.
- Preparation and presentation of operational metrics/ MIS slides to the regulators every month to communicate the status, overall health, progress and ongoing developments.
- Worked on products such as Derivatives, Equity, Securities Financing, Cash, Collateral, Inventory and cash.
- Liaising with the process improvement teams to oversee the progress of process improvement ideas from ideation to implementation.
- Working Closely with Change Team or Transformation Team for implementing new entity, new process or process enhancement.
- Do testing in UAT platform and provide sign off.
- Ensure stakeholder engagement and understand their needs and modify and process accordingly.
- Managing data enrichment processes to plug data gaps in upstream data as per regulatory mandates.
- Leading the development and implementation of processes and policies regarding process improvement projects; ensuring the adaptation of accepted processes.
- Seasoned manager in the data operations team, overseeing critical functions.
- Conducting and presenting essential data control sanity checks to wider management and internal stakeholders to aid in ensuring correct data flow and resolving underlying issues.
- Enhancing data quality by reviewing and addressing gaps in accounting data for internal stakeholders.
- Manage relationship with Business/Onshore partners.
- Identify process improvement and automation opportunities using Emerging technologies such as Alteryx and SQL.
- Understanding on US/EMEA Regulatory reporting specifically regulations such as Basel 2.5, FRTB.
- Managing stakeholders and respective responsibilities of each participant in projects; facilitating comprehensive project planning and organizing regular status meetings to track stakeholder activities and project timelines.
- Communicating with and gathering requirements from stakeholders to identify and shape projects.
- Project – CFO Data Management (EMEA Regulatory Reporting)
Exempt Non Officer (ENO)
Credit Suisse India Pvt. Ltd
07.2022 - 08.2024
- Company Overview: Project – Risk Reporting & Reconciliation CRO
- As a chief risk officer (CRO), My role is to identify and mitigate risks that could negatively impact an organization’s capital (CAR).
- Performing trade and book level and trade level reconciliation between risk and finance system on monthly and quarterly basis for Europe APAC America Region complying with BCBS 239 regulation.
- Capturing the risk exposures and sending them to stakeholders as per BD activities (SLA).
- Extracting data from various finance and risk source systems enabling and updating macros.
- Investigating breaks thorough various control functions and activities and providing break details to stakeholders.
- Performing Adjustment for Matching PV and Notional Value.
- Daily Monitoring of DQ issues (using various tools, sanity checks & process control) checking accuracy, uniqueness and completeness of data.
- Aligning data and sending out to stakeholders as per regulatory requirement.
- Review remediate DQ issues and escalate to stakeholder whenever required.
- Investigate break on risk or finance side and resolve them by coordinating closely with FO, Ops PC, IT & Middle Office teams.
- Providing MIS slides to stakeholders on monthly and quarterly basis.
- Performing RWA calculations for securitized trades checking VAR exposures and highlighting them to stakeholders.
- Performing MARS vs GBM Reconciliation to monitor & highlight the alignment issue to Risk Finance book population, hierarchy, attributes, pos and sensitivity within Market Risk System.
- Performing Daily, Weekly & Monthly basis Reconciliation as a part of BAU and highlighting breaks to stakeholders.
- Hierarchy level creation and deletion of books in Market Risk System.
- Performing Monthly Re-Org to aligned Risk & PnL Report, as a part of reconciliation team overseeing the maintenance and coordination of BO hierarchy tree within Market Risk System.
- Working on SQL queries to extract risk data and modifying query if required.
- Understanding of data analysis and investment banking products like Loans, SFT, OTC & Trading Inventory.
- As a SME Handling various KPI and stakeholder calls.
- Provide Quality Check for team members highlight issues and update SOP on quarterly basis.
- Project – Risk Reporting & Reconciliation CRO
Senior Analyst
Bank of New York Mellon
10.2019 - 07.2022
- Company Overview: Project – USTA (United States Transfer Agency)
- Worked on critical clients such as Blackrock, Bond Allocation Target, Christian Brothers & Employee Pooled funds.
- Responsible for managing and completing client specific settlement deadlines.
- Calculating net change in funds dollar and share balance on daily basis.
- Providing trade information to fund accounting for calculation of funds NAV on daily basis.
- Ensured timely validation & settlement of trades as per deadline.
- Quality checking the work of subordinates to meet SLA and deadlines.
- Keeping track of all internal and client custody movement for the day.
- Updating and completion of all rejected trades processed through check and ACH.
- Responsible for monitoring all incoming and outgoing wire for our DDA’s (Demand Deposit Account).
- Doing Daily reporting for custody wires due money status and reporting to manager.
- Matching TLM breaks and researched on pending items through various tools.
- Updating comment and giving entity to pending breaks.
- Doing various activities such as ACH Return, Check Return, Write-off Adjustment, Money Move adjustment.
- Doing weekly activities such as item count weekly variance 11+ item count update.
- Monthly activities such as Escheatment, Reg D, SOP procedure update and various client specific activities.
- Quality checking critical breaks and resolving within 3 days.
- Training of new recruited employees.
- Project – USTA (United States Transfer Agency)
Process Associate
Tata Consultancy Services
Nagpur
05.2017 - 10.2019
- Company Overview: Project – Internal & External Reconciliation for “Morgan Stanley”
- Process: Equity FX, ZBA Cash and Position Reconciliation TAX LOT ( Corporate Action ) & PBOI.
- As part of Reconciliation to perform Cash and Position Reconciliation by using Intellimatch tool.
- Responsible to perform T+1 reconciliation for the client.
- Responsible to perform all manual matching of outstanding breaks in cash recs.
- Identifying the correct breaks and assigning it to relevant Business Unit by seeing a trade in SAFE Application.
- Responsible to resolve IT related and feeds related issue which causes invalid breaks in the tool.
- Commenting all outstanding breaks and sending all the recon reports before deadline every day.
- Weekly follow up on ageing breaks more than 7 days and critical and high and low value breaks to ensure it get resolved on time.
- Taking EOD and SOD call and preparing Pack for calls.
- Weekly KRI Calls and Weekly RAG report.
- Account Addition Both Daily and Weekly.
- Processing corporate action event in Stock (Position Side) for both Mandatory and Voluntary Event.
- Using QWEST Tool to see EAID which is unique identification id and see what event for underlying or new cusip.
- Downloading the Data from Intellimatch for both cash and stock.
- Matching Statement with Ledger.
- Identifying the non-matching breaks and putting mail to relevant business unit and escalate it to VP level for clearance.
- Project – Internal & External Reconciliation for “Morgan Stanley”
Admin Assistant
United Parcel Service
Magarpatta
10.2016 - 05.2017
- Company Overview: Process – Account payable and Receivable (AP & AR)
- Invoice and Payment processing from PPS system.
- Performing ACH payment through mainframe system.
- Process – Account payable and Receivable (AP & AR)
Education
MBA - Finance
Nagpur University
01.2016
BBA - Finance
Nagpur University
01.2014
10th and 12th -
Maharashtra State Board
Skills
- Griffin (EMEA Regulatory Reporting)
- Alteryx
- Toad SQL (Basic)
- RDS
- Market Risk System
- Nexen
- Intellimatch
- TLM
- Advanced Excel/Powerpoint
- Tally 90
- Data governance
- Data quality management
- Regulatory reporting
- Trade reconciliation
- SQL queries
- Change management
- Financial reporting
- Risk assessment
- Presentation skills
- Data quality
Accomplishments
- Successfully cleared Mutual Fund NISM Exam, 2022
- Basic SQL Certification, 2025
- Certificate of Completion 36 hours course on Complete Investment Banking from Udemy, 2022
- Certification in Advanced Excel and PowerPoint from Udemy, 2022
- Awarded performer of the month for successfully migrating process in Credit Suisse
- Awarded BNY Mellon USTA performer of the year 2 times
- Awarded for active participation in CSR activity and Fun Friday programs
- Awarded 'Associate’ of the Year, 2017 for invaluable service and commitment to the organization, 2017
- Awarded 'Star Performer' for maintaining 100% accuracy level with zero errors for 2 consecutive months, 2017
- Awarded 'Star Performer' for managing process smoothly in BCP situation and extended for 8 hours to complete all the SLA’s, 2019
- Got client appreciation for actively solving Business Unit Queries
Personal Information
- Date of Birth: 09/24/93
- Marital Status: Single
Mobile Numbers
- 8237181874
- 8329442865
It Ib Application Skills
- Griffin (EMEA Regulatory Reporting)
- ADS
- Alteryx
- Toad SQL (Basic)
- RDS
- Market Risk System
- RFI
- GBM
- Nexen
- Intellimatch
- TLM
- Mainframe
- Advanced Excel/Powerpoint
- Tally 9.0
Timeline
Assistant Manager
Bank of America
08.2024 - Current
Exempt Non Officer (ENO)
Credit Suisse India Pvt. Ltd
07.2022 - 08.2024
Senior Analyst
Bank of New York Mellon
10.2019 - 07.2022
Process Associate
Tata Consultancy Services
05.2017 - 10.2019
Admin Assistant
United Parcel Service
10.2016 - 05.2017
MBA - Finance
Nagpur University
BBA - Finance
Nagpur University
10th and 12th -
Maharashtra State Board
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