ANAS QAZI
Product Controller / Fund Accountant
Mumbai
Summary
Results-driven finance professional with 10 years of experience in financial services, specializing in trade support, accounting operations, and product control. Extensive expertise in daily P&L reporting and analysis, sub-ledger P&L validation and approval, and preparation of clear, value-added commentary for senior stakeholders. Strong product knowledge across cash equities, fixed income, listed derivatives, and OTC derivatives spanning multiple asset classes.
Proven experience in user acceptance testing (UAT) within Murex, supporting the full trade lifecycle of interest rate derivatives. Solid understanding of fixed income instruments, reconciliations, settlements, and fund reporting processes, including fund controllership, IBOR (Investment Book of Record), and financial reporting frameworks. Recognized for delivering high-quality, accurate work within strict timelines and service-level agreements while driving operational efficiency and control excellence.
Overview
11
11
years of professional experience
1
1
Certification
Work History
Director
Morgan Stanley
04.2025 - Current
- Daily P&L Reporting: Prepare and analyze daily profit and loss reports for various trading desks; ensure P&L is accurate and reconciled with front office expectations.
- P&L Attribution and Analysis: Attribute P&L to underlying risk factors (e.g., delta, gamma, vega, etc.). And explain daily and monthly P&L variances to stakeholders.
- Balance Sheet Substantiation: Reconcile general ledger accounts related to trading activities, ensuring correct valuations, and balance sheet representation.
- Valuation Oversight: Work with valuation teams to ensure fair value pricing of trading books, and compliance with valuation adjustment policies (e.g., reserves, IPV).
- Trade Validation and Controls: Monitor trade bookings for completeness and accuracy, and resolve discrepancies between risk and finance systems.
- Month-End Closing: Perform month-end processes, including reconciliation, adjustments, and preparation of financial statements or regulatory reports.
- Control Environment: Ensure strong internal controls exist to mitigate operational and financial reporting risk, and contribute to SOX or audit requirements.
Manager
Arcesium
08.2022 - 03.2025
- Accountability for the work product of the team: daily trade, position, swap MTMs, and cash reconciliations to the prime broker, custodians, administrators, as well as all income, and expense accruals. In addition, overseeing timely reconciliations and settlements of OTC products. Playing an active oversight role in day-to-day operations, escalation of aged breaks, business-as-usual troubleshooting, and setting direction and goals for individuals.
- Coordinating with investment managers, prime brokers, and administrators to resolve day-to-day exceptions, as well as to develop more strategic initiatives.
- Liaising with other internal functions, like pricing, middle office, and collateral management, to resolve discrepancies and/or respond to internal queries.
- Assisting the team and playing a review role for the accounting close (monthly/bi-weekly); providing adequate support for outstanding breaks, and preparation of the month-end binder.
- Working with the team in NY and locally to define strategy and new projects, including prioritizations.
- Providing assistance to auditors and fund administrators during the audit and NAV finalization process.
- Working with technology teams as needed, by assisting in special projects, developing bespoke reports, developing specifications, product implementation, and UAT.
- Communicate with many entities: clients, counterparties, markets, sub-custodians, regulators, companies, brokers, paying agents, and issuers covering local, regional, and global markets related to the settlement process, supporting due diligence visits linked to the settlement process.
- Handle the cash management for the client to facilitate the smooth settlements across all markets.
- Active participation in the implementation of settlement processing related to new clients' SLA and SLD, sub-custodian SLA, new functions, products, market rules, regulations, and procedures, with relevant controls to provide the highest level of client delivery.
- Lead the end-to-end closing and reporting cycle, partnering with Portfolio Management, Treasury, Operations, and Fund Administrators to ensure timely, accurate NAV, and financial reporting.
- Manage the external audit process, driving timely issue resolution and audit sign-off.
- Enhance the control environment through process standardization, automation initiatives, and workflow optimization to reduce reporting risk and improve close efficiency.
- Resolved 50+ client queries monthly related to trade breaks, cash discrepancies, and corporate actions, achieving a 100% satisfaction rate.
- Optimized P&L management processes, reducing reconciliation delays by 30% through automation and collaboration with fund administrators.
Senior Analyst
Arcesium
01.2021 - 07.2022
- Overseeing daily trade, position, swap MTMs, and cash reconciliations against the prime broker, custodians, and administrators.
- Conducting timely reconciliations and settlements of OTC products, swap resets.
- Investigating and explaining P&L movements to investment managers, or other internal teams, and coordinating with relevant stakeholders to resolve identified P&L outages.
- Liaising with internal groups like Pricing, Middle Office, and Collateral Management to resolve discrepancies and/or respond to internal queries.
- Providing adequate support for outstanding breaks for finalization of month-end reconciliations.
- Ensuring all accounting activities are captured correctly, and book appropriate adjustments toward trial balance preparation for trading entities.
- Working on reconciliations of GAV/NAV with fund administrators; collaborating with technology teams on special projects, bespoke reporting requirements, and UAT.
- Resolved 50+ client queries monthly related to trade breaks, cash discrepancies, and corporate actions, achieving a 100% satisfaction rate.
- Partnered with middle office, connectivity, and tech teams to troubleshoot real-time issues, slashing resolution time by 35%.
Team Leader
Bank of America
05.2019 - 01.2021
- Handled primary products, including Exotic Options; produced and reported daily P&L to Front Office and Senior Management.
- Reconciled actual P&L with trader estimates and provide flash/actual variance analysis; worked closely with the trading desks on position, P&L, or other issues on an ad-hoc basis.
- Performed Front-to-Back analysis and reconciliations of front office PnL and balance sheet to firm sub-ledgers.
- Assisted with execution of month-end controls ensuring management vs financial P&L variances are within thresholds.
- Analysed traders’ risk positions and understand and apply the Greeks (Delta, Vega Gamma) vs daily market moves.
- Liaised with various business partners such as Technology, Market Risk, Credit Risk, Operations, and Finance to resolve issues/queries.
- Performed Testing/UAT for systems work ranging from minor system releases to major system implementations.
- Remediated issues in an autonomous yet timely manner considering the principles of control and need to mitigate operational risk.
Team Leader
Cognizant (UBS)
04.2016 - 04.2019
- Worked as part of IB Finance Product Control - Fixed Income, Emerging Markets Rates, and STIR (Short Term Interest Rates), Interest Rate Swaps, Basis XCCY Swaps, and FX products.
- Ensured daily P&L is accurately reported to FO, and reconciled between P&L tools and management reporting tools.
- Ensured that relevant P&L and balance sheet positions are correctly reported at month ends, and that applicable reconciliations have been completed, and all the issues identified and resolved.
- Provided daily commentary on P&L swings and variance investigation to front-office traders and senior finance managers.
- Coordinated completion and delivery of the tasks allocated to the team; provided advice to the business on the P&L impact of the trades, and the interaction of the front and back office systems, especially regarding trades and proposed new workflows.
- Ensured that applicable accounting standards are adhered to regarding P&L and balance sheet reporting.
- Involved in MUREX Migration (New RMS) for IRS, XCCY Swaps, and FX products desks, and identified issues related to daily P&Ls with limited support from onshore on Murex.
- Created a center of excellence on issues within CTS, prepared documentation, and participated in the training sessions for the newcomers in MUREX.
- Reviewed risk sensitivity-based PnL’s and provided commentaries for discrepancies.
- Provided commentaries on Daily, Weekly, and Monthly PnL’s; signed monthly Balance Sheet balances with the supporting documentation on all accounts and centers.
- Signed off on the balance sheet at month-end and ensured the integrity of financial reporting.
- Analyzed, explained, and validated P&L according to market moves, new trades, and other influences.
- Managed all marketing and risk provisions on the books to ensure accurate P&L reporting, involving understanding how these provision values are derived, and how they impact overall P&L.
Intern
IDBI Federal Life Insurance
02.2015 - 05.2015
Education
MBA - Finance
ICFAI Business School (IBS)
Hyderabad, India 04.2001 -
Bachelor of Commerce - Accounting and Finance
Mumbai University
Mumbai, India01-2013
Skills
Fund accounting
Daily PNL Reporting
Operational Risk Mitigation
Fixed Income Products
Equities & Derivatives
Team Management
Trade life cycle
Corporate Actions
Daily Accounting
NAV & GAV
Option Greeks
Certification
CFA CLARITAS (Investment Foundation Program)
Timeline
Director
Morgan Stanley
04.2025 - Current
Manager
Arcesium
08.2022 - 03.2025
Senior Analyst
Arcesium
01.2021 - 07.2022
Team Leader
Bank of America
05.2019 - 01.2021
Team Leader
Cognizant (UBS)
04.2016 - 04.2019
Intern
IDBI Federal Life Insurance
02.2015 - 05.2015
MBA - Finance
ICFAI Business School (IBS)
04.2001 -
Bachelor of Commerce - Accounting and Finance
Mumbai University