AMIT BHAT
Investment Banking Associate
Bengaluru
Summary
Experienced professional in prime brokerage back-office settlement operations, specializing in trade settlements and reconciliations. Proven track record in accurate financial transaction processing at a leading investment bank. Highly motivated and detail-oriented with a strong passion for financial markets and trade operations. Committed to leveraging expertise for organizational success and adapting to dynamic corporate environments.
Overview
7
7
years of professional experience
1
1
Certification
Work History
Associate 1
BNP PARIBAS INDIA SOLUTIONS
05.2022 - Current
- Settlements and Reconciliation
- Funding: Managed inter-company funding based on the excess cash amount movement and requirement for trade settlement or market needs.
- Wire payments and SPO: Instructing SWIFT payments messages (MT103/MT202) manually for FOP trades, treasury claims or any special payment requests. Using DTCC platform for cash flow matching and to charge or accept the cash for specific balance order trades.
- Manual instructions and amendments: Instructing manual instructions MT540, MT541, MT542, MT543 and MT599 through SWIFT alliance to avoid CSDR penalties and amending the swift instructions to match the counterparty to avoid the fails.
- Reconciliation: Investigation of position and cash breaks. Comparing the internal book with Custody/Nostro updating the daily count of the various breaks, fails, high aged and high volume breaks/fails.
- Managed fixed income transactions involving mortgage-backed securities and depository trust company processes.
- Worked on TBA payments on monthly basis and taken care of the entire payments payable and receivable flow smoothly.
- Worked closely with various clients over MBS and TBA payments and contributed the team for the settlements.
- Investigation on the break part of the MBS side and worked on old claims, communicated closely with client to receive the old claims.
- Worked on SSI part of the accounts with referential team, on new setup and updating existing accounts on timely basis making payments on time and reducing risk of penalties and fees.
- Making manual payments via FED WIRE to the clients on timely basis and also followed up with client on daily basis for the receivables which bank is expecting.
- Worked closely with allocation team for the correct allocation of the respective accounts and netting method of the accounts for the payments.
- Worked on P&I Payments on monthly basis and paid it to respective clients on time and avoided charges of fees and penalties.
- Worked on TBA payment confirmations to respective clients on timely basis for the fast and smooth settlements of the payments.
- Worked on SPO charges of DTC 7382 side, Charging and Accepting of SPO on time to avoid buy-in risk.
- Worked on Manual instructions of the failed payments and also worked closely with team to get that settled to avoid buy-in.
- Monitoring of the RAD queue of the DTC 7382 side throughout the day, Accept/DK of the payments accurately for the settlement process.
- Performing SEG LOCK UP activity on daily basis, Locking up the shares as per the requirements and releasing them when requirements meet also saving evidences on time.
- Sending required EOD reports on daily basis and worked on KPI reports for the process on monthly basis on time.
- Contributed team with helping them in several SOD activities.
Senior analyst operations
FIDELITY NATIONAL FINANCIAL
07.2019 - 05.2022
- Worked for the setup part of the property documentation.
- Handling GI and PI Chains for the document side.
- Worked on Tax documents and Map marking of the documents.
- Worked on training part for the fresher’s.
Education
Master of Business Administration - undefined
Jain University
Bachelor’s of Commerce - undefined
MES College of Commerce
Sirsi, Karnataka01-2019
Pre-University - Commerce
Sirsi, Karnataka01-2016
High School - undefined
Ave Maria High School
Sirsi, Karnataka01-2014
Skills
- Capital markets expertise
- Microsoft Office proficiency
- Investment vehicles knowledge
- Interpersonal and written communication
- Adaptability to change
- Trade lifecycle management
- Self-motivation
- Analytical skills
- Trade operations management
- Critical thinking and problem solving
Certification
An aspiring Investment Banking Professional with a Certificate in IB Operations from Imarticus Learning. Process knowledge related to AML/KYC, Derivatives, Trade Life Cycle and Corporate Actions.
Accomplishments
Awarded twice Best Quality Achiever in the process (Fidelity National Financial)
Applications Used
- Calypso
- Swift Alliance
- DTCC
- BPS- Broadridge Processing System
- PB Portal
- Nexen
- ICI
- COSMO-ALERT
- BDC
Timeline
Associate 1
BNP PARIBAS INDIA SOLUTIONS
05.2022 - Current
Senior analyst operations
FIDELITY NATIONAL FINANCIAL
07.2019 - 05.2022
Master of Business Administration - undefined
Jain University
Bachelor’s of Commerce - undefined
MES College of Commerce
Pre-University - Commerce
High School - undefined
Ave Maria High School