Balwinder Singh Randhawa
Mumbai
Summary
Performance-driven professional with over a decade of experience in Collateral Management, Margin Management, Cash & Securities Settlement, Credit Risk, Mortages and Default Servicing & Project Management. Hands-on experience in Collateral Management, Cash and Securities settlement and Credit Risk. Swiftly completing projects with competent cross-functional skills and ensuring on time deliverables within pre-set parameters. Pivotal in identifying underlying risks, deficiencies, and opportunities that others missed. Resourceful at maintaining relationship with customers & global stakeholders to achieve quality service norms by resolving their service related critical issues. A strong team player and attention to detail witha passion for perfection and accuracy.
Overview
14
14
years of professional experience
Work History
Sr Lead\Manager
FIS Global Solution India Pvt Ltd.
Mumbai
6 2021 - Current
- Deliverables: Collateral\Margin Management Middle Office Role
- Covering of Margin calls and also recalling the excess, Processing FX moves, Cash Adjustment for any error trades, Covering Intrday Margin Calls & Reconcilling book of accounts and resolving any breaks
- Laising with Portfolio manager on any expiring securities and swap if with new secuties
- Supervise teams daily BAU and Esclation point of contact to various stakeholders, clients, portfolio managers and also the IT team
- Collaborating with stakeholders while keeping stakeholders informed of progress and issues in order to manage expectations on all deliverables
- Monitoring any on going projects and provide timely update to management
- Connect and coordinate with IT team on any new releases or application
- Conducting new joinees training and providing a training plan and monitoring the progress
- Setting up call with Transformation team for any process improvement ideas received within the team
- Communicating all the process update and any other update within the team
- Publishing the daily KPI, Checklist and Risk email after all the necessary checks are completed
- Laising with internal compliance and risk team on various audits requirement and provide samples as requested
- Conducting brainstorming session within the team and share various best practises to perform the daily work
- Projects Undertaken: System Migration: Successfully completed the migration of margin system used for daily BAU (GCMM to Apex)
- Process Improvement: Elimanating the manual touch points in preparing the daily funding sheet with the help of transformation team with macro expertise and provide the output automatically and thus resulted in saving of time and also reducing the risk of errors which was costed due to manual updation
- Client Exit Project: As part of firm wide business strategy CS decided to exit few of its external client portfolio which required great amount of coordination between the client and static team to offboard the client from the system and was point of contact for APAC team the project was successfully completed without and issues.
Team Lead
J P Morgan Services India Pvt Ltd
Mumbai
04.2014 - 05.2021
- Deliverables: Collateral\Margin Management (Team Lead) Middle Office Role
- Process involves in covering margin calls and recalling excess from market as per trades performed by designated brokers
- Communicating with Portfolio managers and Cash management team for requiremnt of securities and cash to cover the margin call and also intimate about the excess cash and securities available in account
- Substituting the espired securities pledge and coordinating with portfolio manager and swapping it with new securities
- Reconciliation performed to monitor for any breaks
- Laising with broke and custody for settlement of trades initiated
- Deliverables: Credit Risk Collateral Setup's\Monitoring (Role Operation Analyst)
- Setting up collateral accounts for HNW, UHNW & LATAM clients
- Monitoring the collateral setup and coordinating with Portfolio manager if the bank is at risk for credit line issued
- Mitigating risk by timely monitoring of collateral.
Sr. Associate
TCS Eserve Ltd
Mumbai
03.2010 - 07.2014
- Deliverables: Foreclosures
- Process involved in assisting the Attorney with Bidding instructions to execute the sale of property of defaulting borrowers.
Associate
Global E Services
Mumbai
- 02.2010
- Deliverables: Outbound Calls
- Process involved in making outbound calls and upselling online buiness listing to US customers.
Education
PGDBA in Finance -
N. L. Dalmia Institute of Management Studies and Research
Mumbai-Thane, MumbaiSkills
Team Player
Contactaddress
B/403 Neha CHS, Chincholi Bunder, Malad West, Mumbai 400064
Languages
English
Hindi
Punjabi
Marathi
Timeline
Team Lead
J P Morgan Services India Pvt Ltd
04.2014 - 05.2021
Sr. Associate
TCS Eserve Ltd
03.2010 - 07.2014
Sr Lead\Manager
FIS Global Solution India Pvt Ltd.
6 2021 - Current
Associate
Global E Services
- 02.2010
PGDBA in Finance -
N. L. Dalmia Institute of Management Studies and Research
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