Summary
Overview
Work History
Education
Skills
Certification
Languages
Personal Information
Selected Achievements
Accomplishments
Timeline
Generic
BADRINATH K VERMA

BADRINATH K VERMA

PUNE

Summary

Dynamic finance professional excelling in cash management, payment processing, and settlements. Demonstrates expertise in regulatory compliance and transaction reconciliation, utilizing SWIFT, Bloomberg, cash, securities settlements, and reconciliation skills. Resolves operational challenges, ensures accuracy, and optimizes liquidity for superior financial performance.

Overview

16
16
years of professional experience
1
1
Certification

Work History

Deputy Manager

Bajaj Allianz Life Insurance Ltd.
07.2024 - Current
  • Processed payments for Value date and Value date -1, ensuring all transactions cleared efficiently.
  • Collaborated with fund houses to facilitate NCD/Equity transactions.
  • Monitored cash flow and unit movements to sustain liquidity levels.
  • Calculated NAV and disseminated figures with accuracy.
  • Managed cash resources related to funding trades for optimal utilization.
  • Executed end-of-day reconciliations to confirm transactional accuracy.
  • Identified operational challenges and enacted effective resolutions.
  • Ensured adherence to regulatory standards and internal protocols.

Officer (Band 8A)

Standard Chartered Bank
10.2021 - 06.2024
  • Managed equity and debt settlements for PMS, AIF, and FPI clients with high efficiency.
  • Coordinated mutual fund transactions processing, including liquid, debt, ETF, and FPI.
  • Collaborated with fund houses on ETF processing for EPFO, SBI, UTI, ICICI, and FPI.
  • Automated mutual fund operations to improve overall process efficiency.
  • Executed cash management strategies to ensure funds availability for risk mitigation.
  • Facilitated cash settlement with onshore and offshore clients.
  • Oversaw cash management related to funding trades to optimize liquidity.
  • Performed end-of-day reconciliations to maintain accurate financial records.

Manager

Kotak Mahindra Bank Ltd.
04.2018 - 10.2021
  • Managed day-to-day operations of FXMM Accounting business, ensuring efficiency and regulatory compliance.
  • Executed manual payments via SWIFT Alliance, demonstrating proficiency in MT103, MT202, MT210, and MT950.
  • Processed payments for value date and value date -1, achieving timely transaction clearing.
  • Conducted cash settlements with onshore and offshore clients to maintain liquidity.
  • Oversaw cash management related to funding trades to optimize financial flow.
  • Ensured timely processing and approval of all Corporate and Inter-bank trades.
  • Resolved asset-level discrepancies from trade breaks to uphold accurate accounting records.

Senior Financial Analyst

Wipro Ltd.
05.2017 - 01.2018
  • Migrated payment receipt process from US, establishing comprehensive SOP documentation.
  • Sent SPO charges to DTC for outstanding mortgage-backed securities.
  • Tracked and updated factor/coupon with product master team according to Bloomberg data.
  • Monitored MT202, MT103, MT541, and MT543 messages on SWIFT for compliance and accuracy.

Assistant Manager

Yes Bank Ltd.
03.2015 - 12.2016
  • Managed money market operations for institutional and foreign institutional investor clients.
  • Oversaw handling of commercial papers, certificates of deposit, and bonds.
  • Coordinated branch funding efforts, ensuring timely follow-ups for additional funding.
  • Conducted day-end reconciliation to maintain accurate financial records.

Associate

SBI-SOCIETE GENERALE.
07.2013 - 02.2015
  • Managed wholesale debt market transactions for SBI, SBI Associate Bank, and Societe Generale.
  • Executed cash and securities settlements for equity, debt, and FX trades.
  • Generated manual payments through SWIFT Alliance, utilizing MT103 and MT202 formats.
  • Coordinated cash settlements with onshore and offshore clients.

Assistant Manager

HDFC Bank Ltd.
04.2011 - 07.2013
  • Served as first point of escalation for debt/equity settlements, overseeing a dedicated team.
  • Managed securities settlements for Indian Debt Market across exchanges and OTC transactions.
  • Processed and approved all corporate and inter-bank trades in a timely manner.
  • Executed cash settlements with onshore and offshore clients to ensure accuracy.
  • Oversaw cash management activities related to funding trades.
  • Conducted end-of-day reconciliations to maintain financial integrity.
  • Resolved operational issues promptly through effective troubleshooting and analysis.
  • Ensured compliance with regulatory standards and adherence to internal policies.

Team Member

JP Morgan Chase Services India.
07.2009 - 04.2011
  • Executed client trades and ensured timely settlements for OTC and DTCC transactions.
  • Focused on domestic settlements, investigating trade entry discrepancies and failed trades.
  • Collaborated within settlements team to enhance operational efficiency in private banking wealth management.

Education

MBA -

ASM's IIBR
Pune
01.2009

B.M.S -

University of Mumbai (Patkar College)
Mumbai
01.2006

H.S.C -

University of Mumbai (Dalmia College)
Mumbai
01.2003

Skills

  • SWIFT and Bloomberg Terminal
  • Finacle and I-Custody
  • SSRS and INTELLIMATCH
  • SAP
  • Cash management
  • Payment processing
  • Transaction reconciliation
  • Regulatory compliance
  • Equity settlements
  • Trade execution

Certification

Basics of PowerBI

Investment Banking Job Simulation from JP Morgan Chase & Co

Languages

  • English
  • Marathi
  • Hindi

Personal Information

  • Date of Birth: 07/15/83
  • Nationality: Indian

Selected Achievements

  • IPR Process migrated entirely on Skype for Mexico settlement savings huge amount for the company: Wipro Credit Suisse (07/01/17 - 01/17/18)
  • Peak Margin (Kotak Bank): Process enhanced and deployed as a part of Regulatory change required by SEBI.
  • Reduction in Settlement Cycle (Standard Chartered Bank): Equity market went T+1 from T+2 for NSE/BSE (01/01/23) (carried out various testing, process enhancement).
  • Mutual Fund: Process enhancement for new fund houses.

Accomplishments

  • Extramiler award for zero trade error during high volume at JP Morgan Chase & Co
  • CFO appreciation for client services and managing huge cash within cutoff time
  • Cash reward for managing a client located in Luxembourg very well within cutoff, and also saved company funds.

Timeline

Deputy Manager

Bajaj Allianz Life Insurance Ltd.
07.2024 - Current

Officer (Band 8A)

Standard Chartered Bank
10.2021 - 06.2024

Manager

Kotak Mahindra Bank Ltd.
04.2018 - 10.2021

Senior Financial Analyst

Wipro Ltd.
05.2017 - 01.2018

Assistant Manager

Yes Bank Ltd.
03.2015 - 12.2016

Associate

SBI-SOCIETE GENERALE.
07.2013 - 02.2015

Assistant Manager

HDFC Bank Ltd.
04.2011 - 07.2013

Team Member

JP Morgan Chase Services India.
07.2009 - 04.2011

MBA -

ASM's IIBR

B.M.S -

University of Mumbai (Patkar College)

H.S.C -

University of Mumbai (Dalmia College)

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BADRINATH K VERMA