Summary
Overview
Work History
Education
Skills
Accomplishments
Certification
Languages
References
Timeline
Generic

Akbar Ali Shaikh

Navi Mumbai

Summary

I am a results-driven professional with 12+ years of experience in managing operational activities, reconciliations, and regulatory compliance within the financial sector. I excel in overseeing complex financial transactions, ensuring that processes are efficient and compliant with legal guidelines. With expertise across equities, mutual funds, and fixed-income products, I ensure settlements, fund transfers, and reconciliations are accurate and timely, contributing to operational excellence and smooth financial operations.

Overview

14
14
years of professional experience
1
1
Certification

Work History

Manager

Sicomoro Advisors Pvt Ltd
Mumbai
02.2023 - Current
  • Managed daily transactional activities, including trade settlements for Mutual Funds, Equities, and other assets, ensuring efficient and timely processing.
  • Handled the accounting of corporate actions and payouts for equities and mutual funds.
  • Created and maintained new securities in the system, collaborating with the Product Team and referencing exchange data for accurate pricing.
  • Calculated and processed Management and Performance Fees.
  • Actively participated in system enhancement projects and provided key feedback to system vendors.
  • Established and maintained strong relationships with service providers, including banks, brokers, BSE Star, and PMS houses.
  • Led the reconciliation process for Bank, Mutual Funds, and Equities, ensuring seamless coordination with Front Office and service providers.
  • Independently verified reconciliation breaks and resolved them with revised transaction instructions.
  • Prepared and circulated dashboards and MIS reports to senior management for tracking purposes.
  • Handled month-end balance reconciliations and ensured timely sign-offs.
  • Addressed cross-team queries promptly, maintaining a quick turnaround time for solutions.
  • Maintained confidentiality while managing critical information across teams.
  • Led audit preparations and ensured a clean audit report.
  • Provided regulatory oversight, managed risks, and implemented policies to ensure full legal compliance.
  • Regularly monitored and improved control systems, and updated policies to reflect regulatory changes.
  • Responded to regulatory inquiries and managed interactions with third-party examiners.

Operational Analyst

Wahed Technologies Pvt Ltd
Mumbai
09.2018 - 02.2023
  • Prepared daily and monthly NAVs for hedge fund clients, ensuring accuracy through reconciliation with brokers and counterparties.
  • Liaised with external clients and counterparties to resolve breaks, attended client calls to address issues, and discuss resolution status.
  • Conducted month-end accounting and reconciliation, calculated fees such as performance and management fees, and recorded all securities transactions and income accruals.
  • Maintained regular communication with clients to discuss outstanding items and provided daily reporting of estimates, NAVs, and query resolutions.
  • Monitored and resolved breaks, failing trades, and trade-related processes while coordinating with internal and external stakeholders, including pricing teams, auditors, and client service managers.

Senior Financial Analyst

BancTec Pvt Ltd
Navi Mumbai
05.2017 - 02.2018
  • Supported day-to-day trade operations and settlements, ensuring accuracy and timely resolution of trade discrepancies.
  • Performed trade capture and validation, and ran daily trader P&L reports for internal analysis.
  • Conducted analysis and resolved trade discrepancies across internal systems and external counterparties.
  • Monitored daily excess and deficit activities to ensure proper trade execution.
  • Provided trade confirmation and settlements support to the Equity Front Office desks.
  • Reviewed and resolved failing trade activities, addressing settlement and position discrepancies with appropriate teams.
  • Investigated and resolved cash and stock reconciliation issues promptly.
  • Delivered superior client service to both internal and external clients, addressing settlement-related inquiries.
  • Adhered to all regulatory and procedural rules governing trade operations and settlements.

Treasury Analyst

TATA Business Support Services Ltd
Mumbai
08.2015 - 09.2016
  • Managed daily and monthly cash flow processes, preparing detailed inflow and outflow reports.
  • Updated periodic cash forecasts by analyzing actual cash spend vs. Forecast, incorporating new information to refine projections.
  • Forecasted cash flow to estimate and communicate revolver draw requirements, or identify surplus cash available for debt repayment and investment options.
  • Monitored cash balances and cash flow needs across multiple bank accounts, ensuring efficient fund allocation.
  • Initiated bank transfer requests to ensure timely funding for various business operations.
  • Prepared monthly analysis of management fees and other financial reports for senior management review.
  • Managed fund drawdown processes through loans (WCDL, short and long term), cash credit, and prepared corresponding documentation, including drawdown letters and RTGS coordination.
  • Arranged funds for business operations via RTGS, NEFT, and fund transfers in line with business requirements.
  • Drafted ICD acceptance request letters and coordinated fund transfers for raising capital through the ICD route.
  • Invested surplus funds in mutual funds, including the preparation of investment, redemption, and fund transfer letters, while liaising with mutual fund companies.
  • Managed investments in government securities (G-Secs), including the preparation of investment letters and coordinating with banks and arrangers.
  • Provided strategic advice on cash flow management, identifying variances, and aligning with cash-flow goals.

Operational Analyst

JP Morgan Chase
Mumbai
03.2011 - 08.2015
  • Performed middle office functions, including trade capture, validation, and processing of cancels, amendments, and full trade life cycle events.
  • Managed day-to-day operations for trade booking, confirmation, settlement, collateral management, and investor allocation for trades received from both global and domestic clients.
  • Oversaw the pre-matching and settlement of equities and fixed income products, ensuring timely and accurate trade settlements.
  • Monitored trade posting, modification, and deletion for Fixed Income and Equity deals, and coordinated with Front Office for resolution of failed/rejected trades.
  • Regularly followed up on unconfirmed trades with internal counterparties and monitored reject queues, working closely with the Custody team for swift resolution.
  • Acted as a central point of contact for both internal and external trade support queries, addressing operational issues in trade booking, settlement exceptions, and valuations.
  • Resolved booking issues, cash breaks, and internal trade and inter-system reconciliation breaks, ensuring operational consistency and accuracy.
  • Provided full operational support to the Front Office, working closely with settlements, valuations, and collateral management teams to facilitate effective transaction processing.
  • Participated actively in Front Office Supervisory frameworks and worked across departments and regions to coordinate and deliver process and system enhancements.
  • Conducted root cause analysis for clients to increase Straight-Through Processing (STP), reduce client inquiries, and streamline manual processes.
  • Served as the primary point of contact for clients on all operational issues, including trade bookings, settlement, collateral, documentation, audit, and client reporting.

Education

PGDM -

University of Mangalore
08-2015

Bachelor of Accounting And Finance -

University of Mumbai
06-2010

High School Diploma -

Higher Secondary School Maharshtra State Board
Mumbai
07-2007

Skills

  • Cross-Functional Teamwork
  • Team Leadership
  • Time Management
  • Verbal and written communication
  • Complex Problem-Solving

Accomplishments

  • Received Best performer award in the joining year of Tata Capital Limited.
  • Received Magic award for handling of Commercial Paper borrowing at Tata Capital Limited.
  • Worked upon FIBRE TESTING (FIXED INCOME BUSSINESS RESEARCH ENGINE) project which included all kind of Agency & Treasury bonds for which data from Bloomberg directly STP’ (Straight through Processing) to our data maintenance system i.e. Impact which then feeds down to different Trade Booking and Settlement systems. The project required high assistance to the Tech Team’s with regards to UAT testing and providing them the valid test case results along with suggestions from the Ops perspective.
  • Also worked upon Impact Upgrade Testing:

This impact testing was bifurcated in three main parts:

1. Remedy Testing

2. Enhancement Testing

3. Scripts Testing

  • Won the ACE award inQ4 2012 for meeting the parameters of Productivity &

Controls.

Certification

  • Derivative market module - NSE
  • Commodity market module - NSE
  • Capital market module - NSE
  • NSE Certified Market Professional (NCMP) - NSE
  • Mutual fund (Basic & Advisor) module - NSE
  • Artificial Intelligence Fundamentals - IBM SkillsBuild
  • Introduction to Decentralized Finance (DeFi) Certificate - Great Learning Academy
  • Working Capital Management Certificate - Great Learning Academy
  • Demand Forecasting in Supply Chain Certificate - Great Learning Academy
  • Capital Budgeting Techniques Certificate - Great Learning Academy
  • Product Lifecycle Management Certificate - Great Learning Academy
  • Supply Chain Management Certificate - Great Learning Academy
  • Financial Risk Analytics - Great Learning Academy
  • Prompt Engineering for ChatGPT Certificate - Great Learning Academy

Languages

Tamil
First Language
English
Proficient (C2)
C2
Hindi
Advanced (C1)
C1
Marathi
Intermediate (B1)
B1

References

References available upon request.

Timeline

Manager

Sicomoro Advisors Pvt Ltd
02.2023 - Current

Operational Analyst

Wahed Technologies Pvt Ltd
09.2018 - 02.2023

Senior Financial Analyst

BancTec Pvt Ltd
05.2017 - 02.2018

Treasury Analyst

TATA Business Support Services Ltd
08.2015 - 09.2016

Operational Analyst

JP Morgan Chase
03.2011 - 08.2015

PGDM -

University of Mangalore

Bachelor of Accounting And Finance -

University of Mumbai

High School Diploma -

Higher Secondary School Maharshtra State Board

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Akbar Ali Shaikh