Summary
Overview
Work History
Education
Skills
Certification
National stock exchange certifications
Tamil, Hindi and English
Interests
Hobbies
Accomplishments
Timeline
Manager
Akbar Ali Shaikh

Akbar Ali Shaikh

Manager
Navi Mumbai

Summary

A seasoned professional with 11+ years of expertise in capital market operations encompassing trade execution, cash processing, trade settlements, and reconciliation. Possess a track record of effectively managing client relationships and operations to drive exceptional outcomes. Thrive in dynamic environments, consistently adapting to evolving circumstances. Passionate about my work and dedicated to continuous learning, ensuring optimal support to my organizations.

Overview

13
13
years of professional experience
4
4
years of post-secondary education
8
8
Certificates
3
3
Languages

Work History

Manager - Operations

Sicomoro
Mumbai, Maharashtra
02.2023 - Current
  • Efficiently and timely handled daily transactional activities for Mutual Funds, Equities, and other assets in the system.
  • Accounted for corporate actions and payouts (equities and mutual
    funds) in the system.
  • BOD - Uploaded mutual fund RTA feeds to the wealth spectrum system obtained from transfer agents or AMCs.
  • Calculated Management and Performance Fees in the system.
    Actively involved in on-going projects for system enhancements and provided feedback to the system vendor.
  • Built relationships with service providers such as banks, brokers, BSE Star,system providers, PMS house, etc.
  • Managed reconciliations of Bank, Mutual Funds, and Direct equity with DP efficiently, including coordination with Front Office and Service Providers and follow-ups.
  • Executed EOD PMS procedures such as corporate actions, uploading of Bhav copy, etc.
  • Managed Dashboard and prepared MIS activities, circulating the same to Senior Management.
  • Handled month-end balance reconciliations and signed them off.
    Efficiently handled queries by various teams, ensuring quicker
    turnaround time in delivering solutions.
  • Independently managed audit activities and ensured a clean audit
    report.

Operational Analyst

Wahed Technologies Pvt Ltd
Mumbai, Maharashtra
09.2018 - 02.2023
  • Prepared daily and monthly NAVs for hedge fund clients.
  • Conducted reconciliation between brokers, counterparties, and clients to ensure accuracy of client books.
  • Collaborated with external clients and counterparties to resolve
    discrepancies.
  • Facilitated client calls with onshore team to address break resolutions and handle client requests or issues.
  • Assisted in month-end accounting and reconciliation for hedge fund clients.
  • Calculated various fees including performance fees and management fees.
  • Recorded all securities transactions, including buys and sells of
    investment portfolios.
  • Accrued and recorded income such as dividends and interest
    payments.
  • Engaged with clients on a regular basis to discuss outstanding items.
  • Collaborated with internal team to resolve breaks and discrepancies.
  • Communicated with clients regarding daily reporting of estimates, NAVs, and query resolutions.
  • Monitored and resolved breaks, failing trades, and other trading-related processes.
  • Collaborated with internal and external stakeholders including
    Securities/Trades and Pricing Team, Report Team, Investor Services Team, auditors, client service managers, and clients.

Treasury Analyst

TATA Business Support Services Ltd
Mumbai, Maharashtra
08.2015 - 09.2016
  • Managed daily and monthly cash flow operations, ensuring accurate and timely preparation of daily inflow and outflow reports.
  • Updated cash forecasts on a regular basis, analyzing actual cash spend compared to projections and incorporating new information.
  • Utilized forecasting to estimate and communicate revolver draw
    requirements and surplus cash available for debt repayment and
    investment options.
  • Monitored and projected cash balances and cash flow needs across multiple banks.
  • Initiated bank transfer requests to ensure prompt funding.
  • Prepared monthly fee analysis and management reports.
  • Handled preparation and drawdown of funds through loans (WCDL, short and long term) and cash credit from banks, including the preparation of drawdown letters and RTGS coordination.
  • Arranged funds for business operations through RTGS, fund transfer, and NEFT as needed.
  • Prepared letters for ICD acceptance requests and coordinated fund transfers for fundraising through the ICD route.
  • Managed surplus funds by investing in mutual funds, including
    preparation of investment, redemption, and fund transfer letters, and coordination with respective mutual fund providers.
  • Invested surplus funds in G-Sec, preparing investment and fund transfer letters, and coordinating with banks and arrangers.
  • Provided advice on variances in cash flow management and strategic cash flow goals.

Senior Financial Analyst

BancTec Pvt. Ltd
Navi Mumbai, Maharashtra
05.2017 - 02.2018
  • Conducted cash and position reconciliations for internal and external systems, promptly resolving discrepancies and exceptions for multiple hedge fund clients within established deadlines.
  • Ensured compliance with client-specific reconciliation guidelines and reporting standards.
  • Executed fund portfolio pricing and calculation of fund NAVs.
  • Analyzed fund performance on a daily and monthly basis.
  • Oversaw trade matching between traders and brokers, effectively
    resolving any exceptions and inputting trades into portfolio systems.
  • Established securities in trading and portfolio systems.
  • Ensured accurate and timely recording of dividends, income, and other expense transactions for clients.
  • Administered various corporate actions, including stock splits, reverse splits, spin-offs, bonuses, etc., in a timely and precise manner.
  • Calculated various fees, such as performance fees, management fees,etc.

Operational Analyst

JP Morgan Chase
Mumbai, Maharashtra
03.2011 - 08.2015
  • Oversaw daily trade confirmation and settlement monitoring to ensure timely and accurate settlement of all trades.
  • Managed the entire life-cycle of trades, from initiation to final
    settlement.
  • Acted as the main point of contact for clients regarding trade
    settlement issues, including confirmation of settlement amounts, value date, and settlement instructions.
  • Successfully resolved global trade disputes with clients, sales teams, and front office staff.
  • Served as the clients' primary resource for inquiries about payments and breaks.
  • Controlled, monitored, reported, and resolved settlements and system breaks.
  • Matched client instructions with broker confirmations, collaborating with client support teams and brokers to ensure prompt execution within designated deadlines.
  • Provided training to team members as necessary to ensure seamless backup coverage.
  • Investigated and resolved pre and post-settlement issues, coordinating with brokers and prime brokers/custodians as needed.
  • Resolved booking issues and addressed cash breaks.
  • Diligently monitored and adhered to daily work flow queues, ensuring timely completion of tasks and handling all queries within required service level agreements (SLAs). Reported any issues to relevant vendors.

Education

Bachelor of Accounting And Finance - Accounting And Finance

Mumbai University
Mumbai
08.2007 - 06.2010

PGDM - Operations

Mangalore University
Mumbai
06.2014 - 08.2015

Skills

Expert attention to details

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Certification

NSE Certified Market Professional (NCMP) – Level 1’Certification

National stock exchange certifications

To improve my understanding of capital markets, I completed the NSE's crash courses in financial markets.

Tamil, Hindi and English

I was born and raised in Mumbai, therefore I exclusively speak, write, and read Hindi. My parents are from Chennai, so I also speak Tamil.

Interests

Cooking

Travelling

Interacting with people

Learning new domain related to my career

Hobbies

I like to read books, cook, travel, get to know people from other cultures, and explore new locations.

Accomplishments

  • Worked on FIBRE TESTING (FIXED INCOME BUSSINESS RESEARCH ENGINE) project.
  • Won the ACE award inQ4 2012 for meeting the parameters of Productivity & Controls.
  • Worked on Impact Upgrade Testing consists of remedy, script and enhancement testing.

Timeline

ChatGPT -AI -Certification

09-2023

Manager - Operations

Sicomoro
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

PGDM - Operations

Mangalore University
06.2014 - 08.2015

Operational Analyst

JP Morgan Chase
03.2011 - 08.2015

Project Finance Module (63.25%)

11-2009

Capital market module (75%)

07-2009

Mutual fund (Advisor) module (67.5%)

05-2009

Mutual fund (Basic) module (60%)

05-2009

Commodity market module (75%)

03-2009

Derivative market module (78.75%)

02-2009

NSE Certified Market Professional (NCMP) – Level 1’Certification

01-2009

Bachelor of Accounting And Finance - Accounting And Finance

Mumbai University
08.2007 - 06.2010

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