SUMAN VASISHTA
Old Goa
Summary
I am a reliable, responsible, and results-driven professional with 13 years of experience in investment banking operations, specializing in fund accounting and corporate actions for equity funds. Having worked at Bank of America and Northern Trust, I have built a strong foundation in financial operations, risk management, and process optimization.
Known for my attention to detail and accuracy, I ensure seamless daily operations and deliver top-notch client service. A proactive leader, I foster team growth, maintain compliance, and drive process improvements to enhance efficiency.
Overview
13
13
years of professional experience
Work History
Manager
Bank of America
Gurugram
02.2021 - 07.2024
- Ensured smooth execution of dividend payments, including monitoring pre-release checks and final reconciliation.
- Monitored Open Depots ensuring timely receipt of dividend payments.
- Review and approval of client money to segregate bank assets from clients' funds
- Preparation and reconciliation of stock record to calculate client's entitled dividend position
- Directed execution of large-scale initiatives, including Astrid deployment and routine team activities.
- Generated reports to present financial information to stakeholders
- Prepared presentations for senior executives on various topics related to finance and accounting
- Identified discrepancies between reported values and actual values and provided evidence during audits conducted by external auditors
- Created and enforced policies and procedures to support compliance
- Assisted in the recruitment and onboarding of new team members
- Monitored customer feedback and implemented changes as needed to enhance service quality
- Established operational policies, procedures, standards, and objectives in alignment with organizational goals
- Created reports to track performance metrics against established targets
- Maintained professional working relationships and promoted open lines of communication with staff
- Implemented process improvement strategies to reduce costs and improve efficiency
- Ensured effective communication among staff members by providing training when necessary
Assistant Manager
Bank of America
Gurugram
02.2019 - 02.2021
- Coached and mentored new employees on company policies and procedures
- Maintained hands-on knowledge of job roles and regularly stepped in to perform business duties
- Liaised between managers and employees, communicating concerns and expectations to appropriate parties
- Managed daily operations, including assigning tasks, and overseeing the processes
- Organized weekly team meetings to discuss progress on projects, review new policies, and motivate employees to reach their goals
- Trained new employees in product knowledge, customer service protocols, procedures, and regulations
- Also conducted performance reviews to track overall progress
- Provided guidance and support to junior staff members during challenging situations
- Resolved customer complaints quickly and effectively while maintaining a high level of professionalism
- Preparation of weekly and monthly reports
Team Leader
Bank of America
Gurugram
06.2016 - 02.2021
- Delegated tasks to team members according to process requirements and employee strengths
- Communicated work goals and deadlines to employees to increase productivity and meet process standards
- Mentored and coached team members to ensure successful performance
- Notified supervisors of overarching customer and team member concerns
- Resolved problems and escalated high-level issues to supervisor within established timeframes
Senior Analyst
Northern Trust
Bengaluru
03.2011 - 09.2013
- Produced NAVs and other tasks surrounding the valuation process on a wide range of offshore funds which included open and closed ended companies investing in global markets covering a wide range of product styles for clients spanning from UK & Guernsey
- Performed End-to-end NAV calculation, which included trade processing, multi-currency/multi-base processing, fee/ expense accrual calculations, accrual analysis, daily/ monthly NAV/ GAV generations
- Managed Reconciliations between different parties which included trade reconciliations between broker and fund accounting, cash, FX and stock reconciliation between custodian and fund accounting records
- Supervised Final verification of stock pricing before final NAV sign-off where the prices of top movers and stocks with potential of impacting the NAV in basis points with sources such as Bloomberg
- Created SOPs for the fund's valuation, aimed at helping new joiners to understand and grasp the process flow in a quicker and easier way
- Acted as a buddy for new joiners in the team to make them easy on the floor and help them with their orientation into the company
- Assisted with audit requirements by supplying the audit related documents for the same on a timely basis
- Pricing for securities based on third parties pricing sources including Bloomberg, prime broker, and custodian
- Accounting for Fund's portfolio, including reviewing fees and monitoring performance
- Accounting for Investor Subscription and Redemption
Education
PGDM - FINANCE
New Horizon College
Bangalore05.2011
B.COM (HONS) - FINANCE
Sri Sathya Sai University
Anantapur03.2009
Skills
- Prime Brokerage
- Investment Banking Operations
- Fund Accounting
- NAV Calculation
- Journal Entries & Trade Capture
- Report Preparation and Presentation
- Team Leadership
- Coaching and Mentoring
- Risk Management Expertise
- Equity Dividends Processing
Languages
Hindi
First Language
English
Proficient (C2)
C2
Timeline
Manager
Bank of America
02.2021 - 07.2024
Assistant Manager
Bank of America
02.2019 - 02.2021
Team Leader
Bank of America
06.2016 - 02.2021
Senior Analyst
Northern Trust
03.2011 - 09.2013
PGDM - FINANCE
New Horizon College
B.COM (HONS) - FINANCE
Sri Sathya Sai University
Similar Profiles
Daniel NavaDaniel Nava
Lead Operations Representative at Bank of AmericaLead Operations Representative at Bank of America
Devi MaksutiDevi Maksuti
Personal Banker at Bank of AmericaPersonal Banker at Bank of America
Angelo VillarrealAngelo Villarreal
Relationship Banker at Bank of AmericaRelationship Banker at Bank of America