Summary
Overview
Work History
Education
Skills
Accomplishments
Interests
Timeline
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BHARATH KUMAR SALI

BHARATH KUMAR SALI

Collateral Operations

Summary

Dynamic professional with extensive experience in collateral operations, specializing in margin call issuance and conducting thorough checks on new trades alongside the middle office team.

Proven leadership ensures high-quality deliverables across various products while effectively managing client escalations in a timely manner.

Collaborative efforts with automation teams have minimized manual processing, streamlined daily report reconciliation, and enhanced operational efficiency.

Committed to driving excellence in trade-related investigations and reconciliations within OTC margins.

Overview

11
11
years of professional experience

Work History

Team Leader - Collateral Operations

Cognizant Technologies Solutions
12.2014 - Current
  • Company Overview: A multinational technology company offering IT services, including digital, technology, consulting, and operations globally.
  • Managed team of 07 for OTC operations in Asia Pacific region, Assigning tasks and responsibilities to team members based on their skills and workload.
  • Performance monitoring of the team members, providing feedback and conducting performance reviews.
  • Led SOD calls with UBSI & IT, issuing margin calls and statements to counterparties.
  • Posted payments/collects within currency cut-off, escalating high-value movements.
  • Approved payments over $50M-$100M, ensuring timely settlement.
  • Reconciled collateral, addressed discrepancies, and handled escalations.
  • Performed daily cash/security reconciliations, managed interest settlements.
  • Running Risk Call with stakeholders every week to discuss the Nostro and GGL along with the cut standing controls breaks.
  • Taking up the KPI calls every month to discuss the monthly incidents and other process updates with the management.
  • Conducting the knowledge sharing sessions and preparing the documents for the newly joined associates for the training.
  • Updated SOPs up to date, Identifying training needs and organizing development programs to enhance team skills. supported the Quarterly and yearly internal and external audits.

Integration Specialist

Cognizant Technologies Solutions
07.2024 - 12.2024
  • Company Overview: A major global investment bank and financial services company providing various financial products.
  • Post integration involved in meetings/calls with UBSI and trading desk for migrating accounts to UBS systems.
  • Participated in weekly management calls to prepare the book of work for newly onboarded CS accounts.
  • Oversaw margin processes for newly onboarded accounts.
  • Prepared SOPs for migration and trained new associates.

Derivative Ops Admin II (SME)

Invesco India Private Limited (IIPL)
01.2020 - 09.2021
  • Company Overview: A global investment management firm providing financial products and services to a wide array of clients.
  • Extracted Derivative futures trades and allocated to custodians.
  • Matched Derivatives trades and raised discrepancies.
  • Reconciled Variation Margin between INVESCO and Brokers.
  • Matched figures and authorized them in the broker portal daily.
  • Ensured trade reconciliation breaks are cleared within timeframes.
  • Escalated control issues in a timely manner.
  • Sent BVIs from CRD to Counterparties ensuring accuracy.

Education

MBA - Finance And Marketing

Osmania University
Hyderabad, India
04.2001 -

Skills

Derivatives

Quality Assurance

SOPs

STP

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Accomplishments

  • Stakeholder Management Established a strong rapport with external stakeholders; successfully managed escalations related to coupon payments, showcasing exceptional communication and conflict resolution skills.
  • Process Improvement Implemented process improvements that resulted in a 30% increase in efficiency and a 95% reduction in errors, leading to improved overall performance and client satisfaction. successfully migrated the outlook and in the SOD process to 1 place to reduce the manual dependency in the team.
  • Efficiency Boost Increased the STP percentage from 30% to 56% in one year by moving the clients to Acadia for Margining which reduces email trafficking.
  • Accuracy Improvement This led to a 2 FTE benefit and improved accuracy in margining.

Interests

Playing Chess - a great way to unwind, distress, and keep the mind sharp.

Travelling - keeps the mind fresh and reduces stress.

Timeline

Integration Specialist

Cognizant Technologies Solutions
07.2024 - 12.2024

Derivative Ops Admin II (SME)

Invesco India Private Limited (IIPL)
01.2020 - 09.2021

Team Leader - Collateral Operations

Cognizant Technologies Solutions
12.2014 - Current

MBA - Finance And Marketing

Osmania University
04.2001 -
BHARATH KUMAR SALICollateral Operations