Akshatha A S

Prime Brokerage Custody team:Reconciliation and Payments Management

• Monitoring T+1 trade flow and reconciliation of stock and cash breaks occurred due to incorrect trade order marking by client and broker
• Liaising with clients, broker and Middle office team to resolve the breaks on timely manner
• Investigating corporate action events and raising request to Asset Serving team
• Managing daily payment instructions and intra day margin calls
• Processing manual and wire payments requested by client
• Resolving client payment queries regards to recall, failed payments, return of funds
• Knowledge about payments swifts
• Managing funding requirements to meet the Margin calls issued to client
• Approval of cash/stock position adjustments
• Enabling clients on Web Payment Entry system
• Ensuring cash/Stock records of clients are in line with custodian by performing daily reconciliation against swift received(MT 535 and 940)
• Investigation and processing Client Money lock up adjustments on daily basis to adhere to FCA regulation
• Breaks analysis and dispute resolution
• Providing KRI and control metrics to Management on a regular basis
• Participating in quarterly RCSA and Audit requests review
• Contributing ideas to streamline the process by identifying root causes and control measures
• Performing supervisory checks - Trainings, Escalation management, approvals, SOP review, EOD control checks and monitoring checklists
• Participating in system integration UAT testing and Providing findings and feedback
• Coaching, Mentoring and providing regular feedbacks to juniors and consultant workers and motivating to achieve the goals and objectives
• Project: Partnered with BI team to restructure Alteryx canvas for Reconciliation process
• Project: Partnered with BI team to Automate EOD position validation process by defining the logics and requirements

Client Onboarding team:

• New client Onboarding for Prime brokerage and ETD clearing business
• Setting up new accounts and conducting activation process
• Preparation of legal documentation required for onboarding a client by working with Business, Sales and Legal
• Performing Legal documentation review
• Conducting Due diligence checks by coordinating with Legal, Compliance, Risk, KYC and Regulatory teams
• Processing name change, account reactivation, termination and relinkage of accounts
• Reviewing and releasing trades held for compliance approvals
• Coordinating with settlement team and client to obtain the compliance documentation (QIB and RegS)
• Resolving client queries related to compliance trades on timely manner
• Providing support to Sales and other business unit heads to meet all audit established controls
• Managing Global initiatives, projects and regular updates and reports to top management
• Training Global and regional team to follow the sun model to ensure to provide full time coverage for clients
• Project: Brexit Migration project management- Migrated ~200 clients across ~1500 accounts impacted
• Project: Established a project framework for global Relinkage of accounts project through analyses of headcount requirement, volume, timeline and system integration

Client Commission Management team:

• Reconciliation of Research commission breaks between client and counterparties
• Liaison effectively with trading desk, middle office, Technology, executing broker, aggregator to resolve the commission discrepancies to meet the MIFID II regulatory deadline
• Processing Fees and invoices for vendor payments
• Processing Research Payments and Return of funds
• Performing call backs
• Performing General ledger Reconciliation
• Onboarding clients and aggregator via eboard requests
• Setting up commission rates using rate cards across markets
• Processing Off Boarding requests
• Project: Partnered with offshore team to migrate 220 US clients reconciliation process and single handedly managed reconciliation and root cause analysis and fixed the workflow
• Project: Partnered with BI team to automate metrics reports and External client reach out emails, General ledger Reconciliation process.

Back office Equities pre matching and settlement team:

• Substantial knowledge of trade life cycle, pre matching and trade settlement procedure for multiple European markets
• Pre Matching of trades with broker, client and exchange
• Pre and post fails trade management
• Fails management through barrow request, depo realignment with internal teams
• Partial settlements, pair off offering to counterparts
• Handling Buy in risks, preparing buy in notification
• Analyzing the cost & penalty and working on counterclaim with defaulting party
• Intersystem reconciliation of trades and resolution of Depot and Nastro reconciliation front office/Middle office and Back office systems