Aneesh Koonan
Assistant Vice President
Mumbai,MH
Summary
Investment Banking professional offering more than 20 years of experience in achieving business objectives within rapid-change environments in the Financial Services industry
Overview
20
20
years of professional experience
1
1
Language
Work History
Assistant Vice President
State Street Global Markets Ltd.
09.2022 - Current
- Currently managing the FX Settlements & Confirmations process for about 107 FTEs (68 billed & 39 bench) head counts for NAM region that is split across Mumbai, Bangalore and Hyderabad.
- Monitoring of trades workflow before the respective currency cut-off time on value date.
- Handling Internal and External escalations from External counterparties, Brokers and the Stakeholders.
- Monitoring FTRs and ensure all trades are worked upon and released before cut-off on value date.
- Converse with Agent banks & Treasury team for good value settlement of safe settle trades, priority payments, and payment instructions released late.
- Liaising with Clients, MOs and FOs on financial & non-financial discrepancies, miss-bookings & duplicate bookings, to amend and match the trades before settlement / value date.
- Notifying Treasury team about long & short position in account on the settlement date; also simultaneously liaise with clients on non-receipts to cover the account.
- Reviewing the Settlement MIS report sent to Senior Management, MOs and FOs on value date highlighting the trend of the failed trades.
- Responsible to represent the team on various meetings held by stakeholders and counterparts.
- Accountable for: Inform unmatched trades to treasury to adjust the funding figures and constantly liaise with counterparty to match the same before the cut-off time on value date.
- Having the Teams’ outstanding post settlement breaks liaised, investigated and escalated through various channels and having it resolved. Act as the 3rd level escalation contact for inward and outward escalations.
- Provide analysis on fails to stakeholders.
- Setting of Goals and Objectives of the team members, quarterly reviews and ratings, yearly appraisals of directly reporting members.
- Hiring of the new team members.
- Ensuring all the Monthly, Quarterly and Yearly Audit requirements are met and work along with Auditors to fix on the findings.
Process Manager
EClerx Services Ltd.
10.2017 - 08.2022
- Managed the Equity OTC Settlement process for about 44 head counts for NAM region split across Pune and Mumbai.
- Settling of respective Equity trades before the respective currency cut-off time on value date.
- Having payment approval authorized upto 200 Million equivalent.
- Handling Internal and External escalation from External counterparties and from the region.
- Action all manual activities through client’s system. Thus, monitoring client’s system and ensure all trades are released before cut-off on value date.
- Converse to agent banks for good value settlement of safe settle trades, priority payments, and payment instructions released late.
- Liaising with Clients, MOs and FOs on financial & non-financial discrepancies, miss-bookings & duplicate bookings, to amend and match the trades before settlement / value date.
- Craft manual payments for trades missing settlement instruction in static system that are missing on value date, also for third party payments, after receiving the authorization from Compliance, Trader and authorize it before the cut off.
- Notify treasury about long & short position in account on the settlement date; also simultaneously liaise with clients on non-receipts to cover the account.
- Accountable for: Inform unmatched trades to treasury to adjust the funding figures and constantly liaise with counterparty to match the same before the cut-off time on value date.
- Having the Teams’ outstanding post settlement breaks liaised, investigated and escalated through various channels and having it resolved.
- Send Settlement MIS report to Senior Management, MOs and FOs on value date highlighting the trend.
Senior Analyst
Nomura Services India Pvt. Ltd.
04.2012 - 09.2017
- Co-handling a team comprising of 8 Team Members for looking after Middle Office activities for the Bank specifically for 3 regions viz. Singapore, Australia and Tokyo.
- Part of the Treasury cash management team looking after cash management functions for the Front office and Settlements.
- Responsible for: Validating the Trade bookings in relevant systems that are entered / created by the Trader or Desk Assistant done Bilaterally / Single-Sided.
- Under Treasury Cash Management, checking the PV and forecasted PV of any and every portfolio or security in Trader’s books and determining whether the risk associated are in acceptable levels and accordingly intimating the Trader.
- Maintaining the Capital Adequacy Ratio for Nomura by acting as a liaison with agent banks.
- Involved in Funding / Adjusting of the Traders’ Books on a daily basis in order to balance the Books involved by taking into consideration the Capital introduced for that Book initially, trading activity done for every day and the previous days’ balances. If there are any unknown balances in any of the previous days, then the same are investigated.
- Accountable for: Monitoring if there are any surplus funds with the agent banks and accordingly having them churned out for other banks in the form of short term loans. Vice versa, if there is shortage of minimum funds, advising the agent bank to accordingly request for an overdraft.
- Monitoring the Swapswire queues i.e. Not Picked, Pending, Done & Released Queues and accordingly informing the relevant Traders and the Sales Support Team to either pick up / affirm / release the trades.
- Involved in monitoring: Investment Management – entails, regularly liaising with Agent banks of different locations to check if there are surplus funds in the accounts and accordingly with the consent of the Front office having those funds churned out as a short term investment to other banks or by long term investments like investing into US Treasury Bonds.
- Liquidity Management – If there is any deficit of funds from a minimum threshold, having the agent bank to request for an overdraft.
- Asset-Liability Management – Checking the PV and forecasted PV of any and every portfolio or security and accordingly deciding with Front office, if the swap on the security needs to be unwound.
- Monitoring all through the day to understand if any trades are failing in the Flow Process.
- Monitoring of Trades for their PV; basically to monitor if there are any Trades with unusual PV being traded for that day, if yes, checking the same with the Traders as part of the Front Office Supervision.
- Monitoring if any trades are booked to a Dummy account or a Block account for that Trading Day, if yes, getting the Sales Support to have the Trade allocated by EOD.
- Monitoring of Internal Trades booked across Books to check if any fields are not matching with each other, for this, proposed a report to have this automated in the process and since then this report is being tracked on a daily basis.
- Responsible for resolving: Settlement Team’s queries for any Settlement differences AND Rates Chasing Team’s and Affirmation teams’ queries with the Client and then having them resolved.
- Under cash management, queries raised by the Internal Audit team that may be raised to determine adherence on internal and regulatory policies.
Senior Analyst
Nomura Services India Pvt. Ltd.
04.2010 - 08.2012
- Handling a team comprising of 9 members which looks after global activities of EMEA Calculation Agency and also the rate resets for EQ, FX and IR trades.
- On a daily basis, the team derives the rates i.e. for EQ, FX and IR from Bloomberg and Reuters and applies them on the respective trades for a particular reset date.
- The team also looks after the Calc agency process wherein different Calc agency notices are being sent to the Client on the notes that are either issued by Nomura or for trades where Nomura is the Calculation agent.
- Calculate the Floating / Fixed Coupon & Redemption payment amount with the help of the pricing supplement.
- For some of the trades, observing the algorithmic indexes from the Bloomberg to determine the payment observations on the trades that are in line with the pricing supplements agreed at the time of trading.
- Monitoring if a trade may result into an Index Linked redemption or may be Knocked-out based on the terms that are agreed in the pricing supplement.
- Providing FX-Rate to the traders by various Central Banks of countries or Reuters and fixing those in the risk system within agreed timelines etc.
- Calculation of payments present in pricing supplement for Structured & Vanilla swaps, reconciling it with client calculations, investigating the reason for mismatch and rectifying it.
- Investigating the economic parameters of the trade and amend the trades booking, if required.
- Presented an idea to the Senior Management to implement an activity called “Sharpen Your Axe” wherein the existing processes are revisited from a processing perspective. This ‘deep dive’ into the process helps to understand if any of existing procedural can be done in a better way.
- Across Operations team, part of an Internal Risk and Governance team, which on account of any risk incidents occurring in any of the processes on the floor, revisits the process to understand: What, How and Why things went wrong
- I.e. if the process steps were followed or not.
- Risk: Known OR Unknown
- If so, was the risk covered in the Risk Control Self-Assessment document; if not then what precautions are to be introduced in order to avoid such incidents.
Associate Process Manager
EClerx Services Ltd.
11.2005 - 04.2010
- Led and managed Two Teams i.e. Doc Gen Drafting & Manual Drafting comprising of a total of 16 Team Members and worked at the Client Side Back Office - Operations Department.
- Efficiently handled functions related to Doc Gen Drafting with a team of 7 members which entailed: Process where a confirm was 80% automatically generated which consisted of Client contact details & the legal aspects and rest of the confirm values had to be reconciled through MO & FO systems.
- Managed the Manual Drafting functions with a team of 9 Members which involved a process where: The whole confirm was prepared manually using templates which consisted of Client contact details, Legal Aspects of the Trade & the Economic Details; reconciliation of these values happened through the various MO & FO Systems and any breaks found between these systems were then escalated to the Stakeholders, MO Contacts and FO Representatives.
- Played a key role in: Monitoring daily workflow of both the teams.
- Auditing & manually approving drafted paper confirmations as well as electronic confirmations for OTC Trades for various Clients from London, NY, Asia Pac regions.
- Auditing and finalizing confirmations drafted by the analysts.
- Keeping follow-ups on trades pending in the query queue.
- Conducting Internal/External reworks and query resolution discussions on a daily basis.
- Managed a gamut of tasks like: Preparing process collaterals (Rule Documents, Questionnaire, Checklists etc.) to improve the quality & reducing error rates.
- Carrying out analysis of trade processing, errors, etc on a monthly basis and reporting it to the Senior Management.
- Conducting Weekly Client calls to obtain Client feedback on process for improvements & appreciations.
- Providing assistance in the preparation of Daily MIS Reports at the end of the day.
- Proactively collated data for preparation of MBR (Monthly Business Review) & QBR (Quarterly Business Review) which was then sent and presented to the Senior Management of the Client.
Education
Bachelors in Commerce - Accounting & Finance
Mumbai University
India03-2005
Skills
FX Settlements & Confirmations
OTC Cash Settlements
Rates Middle Office Operations
Treasury Cash Management
Operations Team Management
Process Transitions / Migration
Risk management
Process Improvement / Cost Savings
PERSONAL DETAILS
Date of Birth: 31st December, 1984 Address: B-301, Royal Residency C.H.S., Opp. Vithalwadi Rly. Stn., Besides S.T. Bus Depot, Katemanivali Road, Vithalwadi East. Date: 15 February 2026
CAREER HIGHLIGHTS
- StateStreet: Eliminated the dependency of the Onshore team and have created expertise in the India Operations team to be one Global team. This was achieved through Trainings and Knowledge transfers.
- Created a Risk Dashboard that highlights the live status of the trades in real time basis. This dashboard highlights trades nearing currency cut offs, trades that are pending for settlement, trades that would settle NET or GROSS etc.
- Eliminated the risk of IDD or emails being deleted or lost by proposing an idea for a system called Inquiry Query Management where not only the emails are tracked in a better way but also their response timings.
- Nomura: In Back office, did successfully set up the Rates Chasing desk. Clients ramped up with a view to own the complete process within the India Team and the process going live in 1½ months time.
- Within Middle office, pivotal in automating the process of Internal Trades booked across Books to check if any fields are not matching with each other.
- Eclerx (latest stint): On the basis of Client’s requirement and from a BCP standpoint, successfully completed the setting up of the Equity Settlements Mumbai desk in a span of 6 months. This includes from recruiting new staff, their onboarding and training and the process going live.
- As part of the process requirement, any and every dispute greater USD 2000 equivalent had to be reported to the regulators. Successful in onboarding the regulators like SEC, EMIR and MAS.
- Previously, Funding team used to approve every cashflow that was settled by the settlements team. For the process of smooth settlement, gave an idea to have funding automated for trades having settlement upto USD 50K value. i.e. trades having settlement of value upto USD 50K, will be automatically funded by the system itself.
- Eclerx (previous stint): Successfully completed the migration of the Interest Rates Drafting process for Lehman Brothers in 5 months when given a target of 6 months for the process to be completely owned by the India Team. The process sign off was received by the end of 5th month.
- Due to the successful migration, was bestowed upon with the responsibility of migration of Interest Rates Drafting process for Merrill Lynch.
Timeline
Assistant Vice President
State Street Global Markets Ltd.
09.2022 - Current
Process Manager
EClerx Services Ltd.
10.2017 - 08.2022
Senior Analyst
Nomura Services India Pvt. Ltd.
04.2012 - 09.2017
Senior Analyst
Nomura Services India Pvt. Ltd.
04.2010 - 08.2012
Associate Process Manager
EClerx Services Ltd.
11.2005 - 04.2010
Bachelors in Commerce - Accounting & Finance
Mumbai University