Avanthika M
Team Lead
Bengaluru
Summary
Goal-driven professional with 10 years of experience in OTC Trade Operations. Skilled in managing complex trade processes, ensuring compliance, and driving efficiency. Adaptable team player with strong problem-solving abilities, committed to achieving organizational and personal goals. Open to exploring opportunities across departments to leverage transferable skills.
Overview
11
11
years of professional experience
4
4
Languages
Work History
OTC Settlements, Team Lead
Wells Fargo India Solutions Pvt LTD
08.2023 - Current
- Efficiently managed the Pre-Settlement process consisting of 8 team members for Interest Rate Derivatives, Equities, and Credit Asset classes.
- Managed a diverse team of professionals, fostering an inclusive work environment that encouraged collaboration and innovation.
- Enhanced overall team performance by providing regular coaching, feedback, and skill development opportunities.
- Managed risks and mitigated potential issues through proactive planning, monitoring, and timely decisionmaking.
- Managed schedules, time-off requests, and found coverage for short shifts.
- Implemented process improvements that led to significant time savings and increased accuracy in deliverables.
- Collaborated with other department leads to streamline workflows, improve interdepartmental coordination, and achieve business goals collectively.
OTC Confirmations, Senior Associate
Wells Fargo India Solutions Pvt LTD
08.2022 - 08.2023
- Established as the Interest Rates Derivatives Asset Class Leader, I monitored the allocation of the team, supported and guided when required, and recognized the team’s hard work and progress.
- Prepared and presented MIS reports and analyses to senior management on OTC confirmation activities, volumes, and high-aged disputes, to efficiently comply with regulatory requirements.
- Mentored junior team members, guided them on trade support procedures, risk management practices, and regulatory requirements, to foster professional growth and development within the team.
- Established strong relationships with key stakeholders, facilitating effective communication across departments and teams.
- Implemented process improvements that led to significant time savings, and increased process time by 20%.
IRD Middle Office, Senior Analyst
Barclays Global Service Centre Pvt LTD
04.2021 - 02.2022
- Provided holistic trade support to front-office traders, including trade capture, validation, and enrichment, to ensure accurate and timely trade processing.
- Conducted daily reconciliations of trades, positions, and P&L between front-office systems, clearinghouses, and external counterparties, to identify and resolve discrepancies in a timely manner.
- Skilled in monitoring and analyzing market risk associated with swaptions positions, and providing insights to traders and risk managers to support decision-making.
OTC Settlements, Senior Analyst
Barclays Global Service Centre Pvt LTD
06.2018 - 04.2021
- Proficient in Pre and Post Settlement activities of Interest rate derivatives, Equities, and Credit Default Swaps asset classes.
- Skilled in matching trade details between internal systems and external counterparties to ensure accurate settlement instructions, and timely resolution of discrepancies.
- Experienced in generating and processing SWIFT messages such as MT199, MT299, MT192, MT292, MT202, and MT103 for payment instructions, confirmations, and other settlement-related messages.
- Experienced in managing settlement fails by investigating root causes, communicating with counterparties to resolve issues, and implementing corrective actions to minimize future fails, and associated risks.
- Demonstrated proficiency in processing exceptionally large volumes of settlements during IMM, IOS, and CDS rolls, maintaining a high level of accuracy and timeliness, even under high-pressure environments.
- Actively participate in process improvement initiatives to enhance settlement efficiency, streamline workflows, and reduce operational risks through automation, standardization, and optimization of settlement processes.
OTC Confirmation, Analyst
Barclays Global Service Centre Pvt LTD
09.2015 - 06.2018
- Proficient in affirming and verifying OTC trade details, including counterparties, notional amounts, trade dates, interest calculations, and settlement terms, to ensure accuracy and compliance with regulations.
- Drafting paper confirmations for OTC interest rate derivatives trades, according to the product and ISDA standards decided with the counterparty.
- Skilled in reviewing legal documents, such as ISDA agreements, master confirmations, and trade contracts, to confirm trade terms and conditions.
- Collaborated with various internal teams, such as trading desks, legal, compliance, and risk management, to facilitate smooth processes and resolve any issues efficiently.
- Improved team collaboration with implementation of new communication tools.
- Consistently maintained strong relationships with clients, ensuring clear communication, and timely updates on the confirmation execution.
Education
Bachelor of Computer Application - Computer Science
Shri Shankarlal Sundarbhai Shasun Jain College For Women
Chennai, India2015
Skills
Investment Banking
Trade Life Cycle
Team management
Interest Rate Derivatives
Trade Confirmation
Trade Settlements
Reconciliation
Risk management
Diversity and inclusion
Project management
Process improvement
Teamwork and collaboration
Accomplishments
- Received Barclays Value Award - Service.
- Received WellsFargo Spotlight award twice.
- Played a critical role in seamless migration of confirmation process from a third-party vendor to an in-house captive system.
- Initiated and managed multiple projects aimed at reducing manual work. The successful execution of these projects resulted in significant reductions in processing time.
- Contributed in rigorous UAT testing and quality assurance measures, ensuring the successful deployment of STP solutions, reducing manual intervention, minimizing errors, and optimizing operational efficiency.
Interests
Music, Animal lover, Travel enthusiast, Volunteering
Timeline
OTC Settlements, Team Lead
Wells Fargo India Solutions Pvt LTD
08.2023 - Current
OTC Confirmations, Senior Associate
Wells Fargo India Solutions Pvt LTD
08.2022 - 08.2023
IRD Middle Office, Senior Analyst
Barclays Global Service Centre Pvt LTD
04.2021 - 02.2022
OTC Settlements, Senior Analyst
Barclays Global Service Centre Pvt LTD
06.2018 - 04.2021
OTC Confirmation, Analyst
Barclays Global Service Centre Pvt LTD
09.2015 - 06.2018
Bachelor of Computer Application - Computer Science
Shri Shankarlal Sundarbhai Shasun Jain College For Women
APPLICATIONS EXPERIENCE
- Summit
- Calypso
- Intellimatch
- Trident
- SWIFT
- PEGA