Summary
Overview
Work History
Education
Skills
Reporting Activities
Additional Responsibilities
Personal Information
Timeline
Generic
ANKIT KARN

ANKIT KARN

Senior Analyst
Dombivli

Summary

  • 9+ years of niche experience investment banking/ custodian banking.
  • Across functions like end to end Trade settlements - equities, Data management, Reconciliation, UAT testing.
  • Gathering and understanding requirements of multiple stakeholders (strategic & tactical), followed by translation into functional specifications.
  • Excellent abilities in completion of process transition, knowledge transfer, strong client connect and good relationship management.
  • Proficient in managing & leading teams for running successful process operations.

Overview

9
9
years of professional experience
6
6
years of post-secondary education

Work History

Senior Analyst (UK Client)

Accenture India Pvt. Ltd
02.2022 - Current
  • Ensuring trades settlements on time per classification based on priority clients, products, etc.
  • Ensuring flawless integration of applications used in post trade settlements like FISS, GOS, GLOSS & Market Application like Easyway and XACT.
  • Managing Fails of Cash Equity & Prime Brokerage trades also closely working with our SBL team.
  • Managing daily work allocation per resources available to ensure BAU performed without any issues & all activities assigned adhere to benchmarks and market cut-offs.
  • Actively involved in governance calls, handling escalations, trade discrepancies, market issues & technical issues which may impact wide business areas pertaining to settlements.
  • Handling CCP Trades on VD+2, VD+3, updating logs, ensuring all stake holders (Middle office, Client, Front Office (Traders) have up to date information related to progress on buy-in until it is resolved or executed, also make sure to get position sold out in case of execution.
  • Handling daily stock & cash reconciliation breaks, ensuring we hold sufficient evidence to validate that we have taken all necessary steps to resolve cash break that will be presented in CASS reporting, CSDR Reporting.
  • Monitoring Aged Fails, High Value Trades, Priority Client Trades & ETF Trades i.e., allocated to other colleagues also to pitch in case we are expecting high volumes during the day.
  • Updating dashboards which gives detailed insight of fail trade reason, reconciliation breaks, any issue & outage faced during business hours
  • Assisting AVP & VP on daily oversight calls, CASS calls, preparing deck reports, suggesting ideas to minimize manual works
  • Associated with Testing Team who is responsible to minimize manual efforts, migration from legacy system to new web-based application
  • Connecting with colleagues on monthly basis to give feedback and take any suggestion they have and same I updated on people connect tool which later used for evaluation.

Business Process Lead (European Client)

Tata Consultancy Services Ltd.
01.2015 - 02.2022
  • Pre-Matching, Trade Affirmation, Settlements, Payments, Reconciliation & Integration Testing of web-based application i.e., TCS BaNCS
  • Actively participated in Euroclear Bank (Custodian) migration Team i.e., group of people from Market Operations & Settlements - responsible to help Market operations & client servicing team which includes advising approaches to solve trade related issues with custodian and counterparties, etc
  • Communicating with custodians & counterparties regarding queries related to trades and providing client the resolution for their queries on pending OTC trades finding possible discrepancies
  • Initiating manual trades and swift payments including usage of various applications like TCS BaNCS, GUI’s (i.e., Euroclear Easyway, Clearstream XACT, Creation Online, Clearstream Cascade, etc.) Monitoring non STP trades finding solution for STP settlements (ensuring connectivity between applications communicating through ISO 15022 and ISO 20022)
  • Risk control and assessment of trades MT540 – MT547 (STP compliance), resolving Buy in risk, resolving buy-in issue on trades in advance via trade classification according to the markets involved, Value date and other various parameters
  • Active in two different internal teams due to the nature of BAU & responsible for Process migration and preparing SOP’s (if required) further assisting management to achieve settlement targets and client service level agreement (SLA) Responsible for Custodian application change (i.e., Euroclear Easyway, Clearstream XACT & Creation online) and its testing & training to onshore and offshore team members.

Education

Bachelor of Commerce (Financial Accounting & Auditing Special) -

Model College (University of Mumbai), India.
03.2011 - 05.2014

MBA (Finance) - undefined

ITM University, India.
01.2017 - 04.2019

Skills

Transformation

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Reporting Activities

  • Fails Analysis Report
  • EOD Metrics Report
  • Weekly Escalation Report

Additional Responsibilities

  • Providing trainings new associates (Process & Business Overview)
  • Preparing Monthly Business Report
  • Preparing Process Manuals for Process activities

Personal Information

  • Passport: Yes
  • Date of Birth: 11/30/1993
  • Nationality: Indian
  • Marital Status: Single

Timeline

Senior Analyst (UK Client)

Accenture India Pvt. Ltd
02.2022 - Current

MBA (Finance) - undefined

ITM University, India.
01.2017 - 04.2019

Business Process Lead (European Client)

Tata Consultancy Services Ltd.
01.2015 - 02.2022

Bachelor of Commerce (Financial Accounting & Auditing Special) -

Model College (University of Mumbai), India.
03.2011 - 05.2014

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ANKIT KARNSenior Analyst