Akshatha A S

Middle Office: Prime Brokerage Custody.:

• Monitored T+1 trades and resolved stock and cash breaks through investigation.
• Coordinated with clients, brokers, and middle office team to resolve breaks promptly.
• Evaluated corporate actions and escalated findings to the asset management department.
• Overseeing daily payment directives and managing margin calls throughout the day.
• Handled manual inward and outward payments efficiently.
• Managed resolution of client queries involving payment recalls, transaction failures, and refund processing.
• Authenticated and approved manual instructions.
• Acquired expertise in SWIFT transaction protocols like MT 103 and MT 202.
• Coordinated funding needs to satisfy client margin calls.
• Authorized adjustments for cash and stock positions.
• Configured client accounts on Web Payment Entry platform.
• Investigated and processed Client Money lock-up adjustments daily to comply with FCA regulation.
• Managed client interactions and fostered engagement.
• Extensive knowledge in breaks analysis and dispute resolution.
• Reported KRI and control metrics to Management frequently.
• Conducted quarterly reviews for RCSA and Audit requests.
• Identified root causes and implemented control measures.
• Conducted supervisory checks, including training, escalation management, approvals, SOP review, and checklist monitoring.
• Engaged in system integration UAT testing, delivering findings and feedback.
• Supervising the consultant workforce, work distribution, task delegation, and coordinated efforts of the team.
• Coached team members, fostering motivation and goal achievement.
• Project: Collaborated with BI team to redesign Alteryx canvas for Reconciliation process.
• Project: Worked with BI team to develop automated EOD position validation system.

Client Onboarding:

• Oversaw client onboarding process for prime brokerage and ETD clearing business for institutional clients.
• Collaborated with Business, Sales, and Legal to draft necessary client onboarding documentation.
• Configured accounts and ensured their activation by conducting due diligence checks with Legal, Compliance, KYC, and regulatory teams.
• Processed various legal documents, including IMA, LOI, Trading Authorization, AOA, and prospectors; scanned and maintained records within the centralized storage system.
• Handled name change, account reactivation, termination, and relinkage processes.
• Processed trades awaiting compliance authorization after securing QIB and Reg S from clients.
• Addressed client inquiries regarding compliance trades promptly.
• Supported Sales and business unit heads to meet all established audit controls.
• Supervising consultant workforce and work distribution.
• Oversaw global initiatives and projects.
• Trained global and regional teams to adopt the follow-the-sun model.
• Project: Effectively managed the transition for around 200 clients and about 1,500 accounts due to Brexit.
• Project: Designed a comprehensive framework for global account relinkage through detailed analysis of headcount, volume, timeline, and system integration.

Client Commission Management:

• Effectively managed the onboarding process for both clients and aggregators using eboard.
• Configured market-specific commission rates through utilization of rate cards.
• Facilitated the reconciliation of research and execution commission breaks between the client and counterparties.
• Resolved commission discrepancies by liaising with multiple departments including trading desk and middle office.
• Ensured efficient processing of vendor payment invoices.
• Managed research payment and ROF, utilizing GPS and treasury systems.
• Authenticated invoices and payments through callbacks.
• Performed monthly general ledger reconciliations between client and firm accounts.
• Executed offboarding processes smoothly.
• Project: Collaborated with the offshore team in migrating reconciliation processes for ~200 U.S. clients.
• Project: Streamlined external client outreach emails, reconciliation process, and metrics report through automation.

Back Office Operation: Prematching and Settlement

• Demonstrates comprehensive knowledge of equity trade life cycles, pre-matching, settlement, and post-trade reconciliation.
• Skilled in handling swift instructions, including MT 202, MT 299, MT 540, MT 541, MT 542, MT 543, and MT 599.
• Facilitated pre-matching and settlement processes for trades in Scandinavian and European markets.
• Collaborated with the broker, client, and exchange to ensure prompt pre-matching and settlement through phone calls and emails.
• Ensured timely resolution of client and broker questions.
• Managed trade failures both before and after transactions.
• Executed trade amendments for counterpart alignment.
• Ensured timely amendments of SSI by working closely with Front Office and Static team.
• Managed trade fails through barrow requests, depot realignment, partial settlements, and pair-off offerings to counterparties.
• Managed buy-in risk requests. Preparation and issuance of buy-in notifications to the defaulting counterparties.
• Performed cost evaluation and handled penalty resolutions in disputes with defaulting entities.
• Conducted routine checks of STP queue to verify trade and payment instructions promptly.
• Conducted Depot and Nastro trade reconciliations across various trading systems.