Ashishkumar Mody
Associate Director at UBS
Pune
Summary
Results-driven professional with over 11 years of experience in Middle and Back Office Operations, Business Management, Process Transition, and Business Improvement within the Financial Services sector. Proficient in interpreting SWIFT messages related to incoming and outgoing payments, with a strong command of various MT messages, including MT103, MT202, MT699, MT199, and ISO 20022. Expertise in managing vendor teams and coordinating fund transfers to ensure seamless assignment to settlement teams, while collaborating effectively with counterparties for timely settlements. Solid foundation in trade amendments, reconciliation across diverse products, and preparation and management of process documentation, demonstrating a commitment to operational excellence in settlement operations.
Overview
12
12
years of professional experience
Work History
Associate Director
UBS
03.2024 - Current
- Lead Fees and Payments team in resolving escalations and achieving seamless issue resolution.
- Verify accurate calculation of fees based on product type, client agreements, and transaction volumes.
- Evaluate fee structures aligned with system configurations and contract stipulations.
- Collaborated with cross-functional teams to streamline processes, integrate systems, and ensure a seamless transition for clients and employees.
- Resolved conflicts and mediated disputes among team members to maintain a positive work environment.
- Prepared analytical reports to support informed decision-making by management.
- Report or escalate irregularities or issues that may cause a potential breach in controls or deviations from standard processes promptly to the local manager and/or Singapore Hub team leader and line manager.
- Ensure all client instructions comply with control prerequisites—including signature verification, internal approvals, and regulatory checks—while maintaining timely and accurate execution.
Lead ENO
Credit Suisse
11.2017 - 02.2024
- Review performance metrics through weekly & monthly business reviews
- Experience working on payments that are inclusive of all outgoing and incoming payments in terms of SWIFT messages.
- Experience in cash and assets servicing within the private banking environment and the risks and controls surrounding this function.
- Migrated the Fees process covering 3 FTE efforts from SG to India.
- Experience in approaching deadlines based on currency cut-offs.
- Authorize and approve day-to-day transactions primarily payments transactions- Final gateway.
- Responsible for interacting with the Vendor Management Team of the client for a smooth transition of process
- Liaise with internal stakeholders (Front Office, operations, etc.), counterparties, custodians, and brokers whenever necessary to resolve any discrepancies or issues.
Senior Analyst
eClerx Services LTD
03.2014 - 11.2017
- Performed pre-settlement and post-settlement operation activities for Equity Derivatives.
- Resolved the breaks using MO applications and calculations or if required working with Sales and Traders.
- Settling trades before or on the value date before the currency cut-off.
- Applied the cash/funds to the respective client's accounts. Manage Suspense account of products including FID, Commodities, and FX. I also worked on clients overseeing OTC Settlements.
- Worked closely with the BU (i.e. Traders/Controllers) to process settlements
- Performed monthly settlements to target deadlines, which involve preparing, agreeing, and settlement of invoices.
- Investigated funds through SWIFT and contacted the settlement team or prime broker.
Education
Post Graduate Diploma - Management: Finance
MIT School Of Business
02.2014
Bachelor of Engineering - Computer Engineering
C. U. Shah College of Engineering & Technology
05.2011
Skills
- Banking operations management
- Accurate fee management
- Efficient payment processing
- Data analysis for MIS reporting
- Process transition management
- Knowledge of trade life cycle processes
- Facilitation of learning transfer
- Project oversight
Accomplishments
- 2019 Credit Suisse- Application improvement and Testing - Serving to create the tool that reduced errors and helped to process efficiency. Moreover, I helped to test that tool for a smooth transition.
- 2018 Credit Suisse- Transition of Fees Process - Successfully transitioned the Fee processing and trained the vendor team in 7 months instead of a year.
- 2017 eClerx- HALL OF FAME - Rewarded twice as an outstanding performer for the quarter.
- 2015 eClerx- SPOT AWARD – On-the-spot award for demonstrating excellence in the work with stakeholders.
Timeline
Associate Director
UBS
03.2024 - Current
Lead ENO
Credit Suisse
11.2017 - 02.2024
Senior Analyst
eClerx Services LTD
03.2014 - 11.2017
Bachelor of Engineering - Computer Engineering
C. U. Shah College of Engineering & Technology
Post Graduate Diploma - Management: Finance
MIT School Of Business
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