Alok Kumar
Jamshedpur
Summary
Technical Coordinator with extensive experience at Northern Trust, specializing in operations management and client engagement. Demonstrated success in optimizing cash processing and reducing risks, while improving reporting systems. Expertise in market analysis and building strong client relationships, resulting in enhanced efficiency and effective financial solutions.
Overview
13
13
years of professional experience
1
1
Certification
Work History
Technical Coordinator
Northern Trust
01.2016 - 03.2023
- Handling various global currencies, processing Forex Deals for funding various trades.
- Responsible for Reviewing and processing the high value FX & cash Instructions to dealing room & Sub-Custodians
- Responsible for processing the Global Clean Cash Payments and Cash instruction in SWIFT different message types (MT202, MT103, MT292, and MT599) to fund corporate action event and trades.
- Identifying and researching on FX blotter avoid any kind of duplication and notify Investment manager on timely basis to avoid any kind of potential loss.
- Calculating the Intrinsic value of the investment held by the Client.
- Researching & liaising with the Dealers directly to know the Trend of the FX market for various currencies.
- Daily reviews of reports of client to advise any kind of Overdraft or any discrepancy
- Investigation and resolution of discrepancies in TLM GXM for old aged Cash & Stock exceptions
- Reconciling and identifying discrepancies affecting accounts, analyzing and mitigating risk.
- Raising ERM for Overdrafts in the Account and liaising with the Client Service Representative for the resolution of the same.
Technical Coordinator /Individual Contributor
Northern Trust
08.2011 - 03.2023
- Company Overview: American international financial services company headquartered in Chicago, Illinois. Northern Trust is a leading provider of asset management, fiduciary, banking, asset servicing and fund administration solutions for individuals, families, corporations and institutions worldwide.
- Serving in the capacity of Technical Coordinator /Individual Contributor within Cash Operation Team
- Trained to work as an integral part of the Cash Team with primarily involvement in processing cash and raising forex transactions that Client executed
- Maintain books of accounts and ensure that reports are published on time and in accordance with SLA
- Gather and analyze Business information; analyze and evaluate financial situation; identify business and commercial objectives, and make investment recommendations through a customized Business planning process
- Ensure the development of, and lead on, innovative and effective systems and procedures to ensure that the Service Centre is entirely client-orientated and provides a centre of excellence for customers
- American international financial services company headquartered in Chicago, Illinois. Northern Trust is a leading provider of asset management, fiduciary, banking, asset servicing and fund administration solutions for individuals, families, corporations and institutions worldwide.
Senior Analyst
Northern Trust
08.2011 - 01.2016
- Dealt with Receipt and Payment of Wealth and C&IS client in multiple forms such as transfers, cheque issues, wires, cables and SWIFT using various application
- Hold the overall responsibility of processing the Global Clean Cash Payments and Cash Instruction in SWIFT’s different message types such as MT202, MT103.
- Identify risk associate with operations and put controls to mitigate risk; work towards process improvements of various work flows
- Collaborate effectively with Account Representatives and work through issue and suggest resolution
- Establish a strong monitoring and reporting system on key performance indicators. Skilled in developing dashboards and presentation for senior management accentuating process efficiency, issues relating to business and suggesting improvements within the value chain. Analyze and forecast volumes per month
- Gained an ability to analyze and solve problems within the integrated technology system software; determine and communicate need for technical analysis
- Demonstrated experience in understanding requirements specifications for various systems within the payments environment
Research Analyst cum Trader
Dynamic Commodity Pvt Ltd
01.2011 - 07.2011
- Company Overview: Trading member of The National Commodities and Derivatives Exchange (NCDEX) and also the Institutional Trading-cum-Clearing member of the Multi Commodity Exchange of India (MCX).
- Prepared intraday, daily levels of all international and domestic commodities based on historical data and by using specialist software packages
- Carried out the technical analysis of commodities by tracking international and economic data, open interest and volume analysis by using software
- Assisted in research and preparation for new business pitches
- Administered and evaluated existing clients’ investments holding
- Conducted analytical research on Financial Markets and interpret investment analysis reports
- Handled Bloomberg, Able Trend, Telequote
- Dealt in COMEX, NYMEX, MCXSX, MCX, LME and DGCX
- Analyzed financial reports and provided investment advice to clients
- Ensured that partners were apprised and regularly informed about their portfolio performance
- Trading member of The National Commodities and Derivatives Exchange (NCDEX) and also the Institutional Trading-cum-Clearing member of the Multi Commodity Exchange of India (MCX).
Internship
Religare Securities
02.2010 - 07.2010
- Evaluated the innovative, risk taking and proactive capability of Religare and placed it on a spectrum of corporate entrepreneurship
Education
Masters of Business Administration - Finance and Marketing
IBS Dehradun
Dehradun01.2010
Skills
- Operations management
- Banking and financial transactions
- Portfolio and investment management
- Client interaction and management
- Payment services and cash processing
- Documentation and reporting
- Market analysis
- Transition management
Certification
- NSE Certifications - Commodity Market module, 80%, 2011
- Investment Analysis and Portfolio Management, 92.5%, 2011
Accomplishments
- Handle lateral position job as individual contributors along with assigned job responsibilities.
- Generating Reports and maintain records on shared points for Cash Teams for higher Management.
- Served in the capacity of ‘Fund Manager - Mutual Fund Club’ during PGDM.
- Appreciated from the local management and client for efficiently handling escalation effectively and proactively avoiding losses.
- Demonstrated the ability to work for three different sub processes under Cash Department.
- Awarded for ‘Absolute Quality’ and ‘Client Focus’ in Northern trust.
- Awarded in the Management Fests and also in inter-school quiz competitions.
Personal Information
Date of Birth: 03/01/86
Languages
Hindi
First Language
English
Upper Intermediate (B2)
B2
Affiliations
- I spend my time working on SketchUp design, Photoshop, photography, learning networking, and electrical and electronic ideas
Timeline
Technical Coordinator
Northern Trust
01.2016 - 03.2023
Technical Coordinator /Individual Contributor
Northern Trust
08.2011 - 03.2023
Senior Analyst
Northern Trust
08.2011 - 01.2016
Research Analyst cum Trader
Dynamic Commodity Pvt Ltd
01.2011 - 07.2011
Internship
Religare Securities
02.2010 - 07.2010
Masters of Business Administration - Finance and Marketing
IBS Dehradun
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