Akash Gupta
Pune
Summary
An experienced financial services professional with 7+ years of experience into operational services. A successful career managing risk, performing due diligence, leading projects and handling time-sensitive, complex transactions. Effective leader successful at attaining business goals with ability to identify operational needs and implementing effective solutions. Corporate actions, Client onboarding, Advisory services, Onshore Process Transitions, Reference Data, Settlements (equities and bonds), Reconciliation in APAC, UK and US region (IB Operations) & Quality Control. I have worked on all the mentioned areas in a wide range across major markets (Primarily EMEA and US) and understand the processing methods. As a Team Leader I have maintained high quality standards, striving for self and teams improvement. I have presented and reviewed various MIS reports relating to cash-stock break and data reporting. -People oriented person with Strong communication and Interpersonal skills. -Ability to manage a large and diverse team of Process Analysts working towards pre-defined targets.
Overview
9
9
years of professional experience
Work History
Associate
Nuveen, a TIAA company
06.2023 - Current
- Currently working as Associate Lead in Nuveen Asset Management arm owned by TIAA bank
- Responsible for handling various activities across asset servicing unit ie Mandatory voluntary corporate actions, Pricing, Reconciliation, Settlements, Benchmark
- Working with Portfolio managers to maintain Portfolio valuation and to mitigate various risks
- Creating capacity modules, training plans, knowledge trackers, quarterly assessments, weekly team meetings
- Creating dashboards using confluence, Power Bi, macros using pl/SQL and Visual Basic
- Hands-on experience on software like Eagle, ICE, Bloomberg, LSE, Russel, MSCI, Dow Jones, FTSE, Crest, Euronext, Bancs
Institutional Investment Banking Specialist
Wells Fargo
05.2022 - 06.2023
- Responsible for investigating Cash claims and transaction claims for MBS and Treasury
- Interest Claims team deals with Fails Trades, Use of Funds and Fixed income products with counterparties and Clients on late settlement of trade
- Responsible for investigating Cash claims and transaction claims for Equity and Treasury
- Raising claims against external parties by executing the investigation with internal teams
- In case CP fails to deliver the funds or Securities on the VD to the client then we investigate with various teams to identify the Issue
- (Settlements teams, Traders and sales team) Reconciling the Claims settled and transferring the funds to GL account
- Processing MT202 payments When the Client fails to deliver the funds or securities on the Value date due to various reasons or late receipts
- Cash claims team verify the cases and action accordingly
- Identifying the failed trades, analyzing and validating the cases and calculating the claims cost and issuing the claim letter to the client
- Follow up on the claims frequently until the client pays the claim cost
- Escalating the high aged and disputed cases to management and to the Traders to mend the issue
- If the claim is Valid then we Initiate payments to the client Via: MT202, and MT103 Sending swift Queries (MT299) to agent bank and clients
- Handling Weekly Calls and preparing the Weekly, monthly MIS reports
- Other deliverables: Created Dashboards using data from Various Financial areas using Tableau Created ATC control check by Using Visual Basic Tools (Excel Macro) Created Macro for Payments and P&I Team for their daily BAU which is now saving their 2+ hours of manual effort daily.
Associate 2
Deutsche Bank
02.2017 - 05.2022
- SME: UK Fixed Income, US Dividends, Global Custody (Multi Market, Spain, EuroNext, Italy, Germany) Business Process Management: Proficient in managing End to End Income, Corporate Actions across IB & Custody, Reconciliation, Break Management, Risk Management and Settlements
- Client Management: Ensure top-notch service delivery to top-tier clients by way of enhanced controls/ timely responses
- Risk and Control: Ensured substantial reduction in operational losses/ errors
- Was a SPOC for the monthly internal audit
- Performed verification of the reclaims on to the system across all the markets
- MIS Reporting and KPIs/KRIs: Identified and implemented KPIs/KRIs and proactively supported Capacity Planning and Reporting
- Successfully transitioned and single-handedly handle Global custody business with a record of zero errors (Business transitioned from Amsterdam - EuroNext Custody) and ensured go live without any issues from location Amsterdam, Netherlands to NOC India
- Resolving breaks between custody and accounting to make the clear-cut payment
- Attain risk calls on a daily basis along with Management calls in order to resolve any high priority risk and Event Quirk issues
- Ensure all queries / escalations related to routine activities are responded to within the agreed timelines
- Ensure adherence to all cut off times and quality of processing for all onboarded accounts as maintained in SLA
- Monitor Mailbox and volume inflow and ensure sufficient resource allocation in a timely manner with coordination Senior Managers
- Taking care of Monthly and Quarterly business review with senior leaders and clients
- Always working on ideas towards process improvement in terms of reducing time and quality assurance
- Perform various reports which include Settlement, CA Cash date, Cash recon
- Ensure to perform and review the Cash posting events into the system before the deadlines
- Working on debit notices few CA events which include cost.
Analyst
LifeStrong Corporation
10.2015 - 03.2016
- Handling investment banking operations for client - Citi Group
Education
Master of Business Administration (MBA) - Finance, General
Department of Management Sciences (PUMBA), Savitribai Phule Pune University
01.2016
Bachelor of Technology - BTech - Computer Science
Dr MGR Educational and Research Institute
01.2014
Skills
- Cash Handling
- Management Support
- Preparing reports
- Workplace Safety
- Business process improvement
- Data Mapping
- Operations Analysis
- Data Mining
- Workflow Analysis
- Competitive Analysis
Accomplishments
Automation Projects -
1. Accomplished BOT development for Deutsche Bank Asset Services for Europe Custody / UK MMA custody , which reduced time size of 12 FT's to 2 FTE's , Cost Saving of around 0.3 Million Dollars .
2. Created Macros for Wells Fargo Wealth Management ARM which saved 3 hours of Manual work load
3. Developed Testing Environment for TIAA/ Nuveen Asset MAnagement arm which noe helps in onboarding new Finanance related software's for Daily BAU
Additional Information
Project Management Experience in handling process enhancements and customer relationship covering multiple products across geographies.
Excellent problem solving, analytical and interpersonal skills.
Possess keen business acumen in analysing and understanding business requirements.
Strong belief in work ethics, teamwork, flexible and keen on meetings targets.
Well versed with functional knowledge of products.
Proficient in Excel, Word, PowerPoint, Issue tracking tools.
Languages
English
Upper intermediate (B2)
Hindi
Advanced (C1)
Timeline
Associate
Nuveen, a TIAA company
06.2023 - Current
Institutional Investment Banking Specialist
Wells Fargo
05.2022 - 06.2023
Associate 2
Deutsche Bank
02.2017 - 05.2022
Analyst
LifeStrong Corporation
10.2015 - 03.2016
Master of Business Administration (MBA) - Finance, General
Department of Management Sciences (PUMBA), Savitribai Phule Pune University
Bachelor of Technology - BTech - Computer Science
Dr MGR Educational and Research Institute
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