Chandan A
Bangalore
Summary
Dynamic leader and adept problem-solver committed to optimizing operations for cost reduction and enhanced organizational efficiency. Proven ability to leverage independent decision-making skills and sound judgment, driving significant improvements in company performance. Results-oriented approach ensures the identification of innovative solutions that align with strategic goals. Passionate about fostering a culture of continuous improvement and collaboration within teams.
Overview
10
10
years of professional experience
3
3
Languages
Work History
Assistant Manager for Asset Servicing
HSBC
05.2021 - Current
- Professional summary: Asset servicing and tax operations.
- SWIFT payments processing.
- Processing various payment types: SWIFT MT103, MT202, MT566, MT199, and MT292.
- SMEs in payment applications, MERIT, SUMMIT, and GPS.
- Roles and Responsibilities:
- Nostros Reconciliation.
- Corporate action products, such as fixed income and equities reconciliation and validations.
- Claims reconciliation followed by payments across the EMEA, APAC, and France regions.
- Proficient in handling back office operations and client servicing.
- Managing, chasing, and working with agents (Euroclear) for the smooth application of funds and also auto-compensations.
- Chasing the clients for aged and high-value breaks for both payables and receivables, which have a significant PnL impact, and raising this to the risk management team.
- Managing risk proactively by responding in a timely manner to sensitive and priority clients, and raising alarms or escalating critical issues in a timely manner.
- Training new buddies on the process flow.
- Responsible for processing global clean cash payments and cash instructions via SWIFT message types (MT103, MT202, MT566, MT199, and MT292).
- Consistently put efforts into streamlining the process and proactively taken steps in case of huge volumes and resiliency times, so that BAU doesn’t get affected.
- Supervised day-to-day operations to meet performance, quality and service expectations.
- Improved customer satisfaction by addressing and resolving complaints promptly.
- Mentored junior staff members in their professional development by offering guidance/support in their assigned roles.
Senior Bank Officer
IDFC FIRST BANK
03.2020 - 05.2021
- Roles and Responsibilities:
- Help customers open and manage their bank accounts and finances.
- Advise clients on financial services, and resolve issues.
- Reach out to prospective customers to sell our services.
- Advise customers on bank services for their needs.
- Manage customer bank accounts; open, close, and oversee transactions.
- Resolve issues with banking services and accounts.
- Refer clients to in-house financial experts, as needed.
- Reach out to potential customers to generate new business.
- Present financial products and services to exciting, prospective customers.
Senior Analyst
State street HCL services
Bengaluru
11.2018 - 07.2019
- Professional summary:
- 8 months' experience in hedge fund reconciliation, corporate action calculation.
- Demonstrated ability to effectively plan, coordinate, and meet deadlines for multiple responsibilities.
- Highly capable of successfully contributing to the organization.
- Work well independently and as a team member.
- Able to build and maintain sound business relationships with people at all levels.
- Proficient in handling back office operations and client servicing.
- Working on cash and position reconciliation of hedge funds.
- Provide daily deliverables on a daily basis.
- Obtaining the statements from various prime brokers and non-prime brokers on a daily basis.
- Performing the transfers and postings between PB and CFDs.
- Posting of non-trading activities, like debit interest, credit interest, stock loan fees, etc.
- Knowledge in trade processing, settlements, and clearing the trades.
- Identify breaks between IFS and Broker, and understand the nature of breaks.
- The processing of corporate actions is facilitated by Bloomberg.
- Provide break resolution for process-related issues.
- Communicating the breaks with IFS Ops dep, Client, and Broker.
- Monitor the aging of breaks, and follow up with the respective teams to resolve the breaks.
- Dealing and booking corporate actions, like dividends.
- Have experience in handling Bloomberg.
- Worked on monthly activities, like accrual reconciliation and non-trading backups.
- Interaction with clients and various brokers for any queries relating to the process, and resolve any breaks and issues of deliverables.
- Coordinate with the Onshore NAV team in order to ensure the timely delivery of the NAV Pack to the clients.
- Experience in end-to-end reconciliation process in cash and position in hedge funds.
- Process excellence:
- Automated reconciliation in the reconciliation platform, without bugs, coordinating with IT.
- New rec setup in the reconciliation platform.
- Training new buddies on process flow and recs.
- Processing monthly CFD resets as per client requirements.
- Enhanced team productivity by streamlining workflow processes and implementing time-saving strategies.
- Mentored junior analysts, fostering professional development while enhancing overall team performance.
Analyst
Deutsche Bank Group – DBOI Global Services
04.2016 - 06.2018
- Analyst - Fixed Income - Global Asset Services - Corporate Actions.
- End-to-end processing of the entire corporate action cycle, from its (coupon/dividend) announcement in the market, calculation of entitlement considering the ex-date, reconciliation of entitled positions as of the record date, liaising with counterparties/clients for agreement, and receiving/paying the entitled coupon, as well as handling Nostro management.
- Managing, chasing, and working with agents (Euroclear) for the smooth application of funds and also auto-compensations.
- Aggressively chasing the clients for aged and high-value breaks, which have a significant PnL impact, and raising this to the risk management team and book runners.
- Managing risk proactively by responding timely to sensitive and priority clients, raising alarms and escalating critical issues in a timely manner, while ensuring the confidentiality of clients' information.
- Reporting weekly and monthly MIS reports highlighting the 30+ days aged, high-value, sensitive clients’ breaks and issues, which pose a risk to the bank, to senior management for immediate action so that the risk can be hedged.
- Consistently put efforts into streamlining the process and proactively taken steps in case of huge volumes and resiliency times, so that BAU doesn’t get affected.
- Improved internal knowledge sharing by developing comprehensive documentation outlining standard operating procedures for various tasks.
Education
Bachelor of Commerce - Finance
National Degree College (Autonomous)
Bengaluru, India01-2015
CEBA - CEBA
Vision PU College
Bengaluru, India01-2012
SSLC -
Maruthi Vidyalaya
Bengaluru, India01-2010
Skills
Bloomberg proficiency
IDC
Experience with Moskii
Mercer
iGLS
ERP systems
TLM
CATS
Summit
Interests
Investment banking, Derivatives, equities and fixed income
Declaration
I hereby declare that all the above information is true to the best of my knowledge and belief. Place: Bangalore Thanks and Regards, Date: 2023-09-02
Personal Details
- Date of Birth : 16 NOV 1994
- Marital Status : Married
- Address : 149/10, Kammanahalli, Oil Mill Road Bengaluru, Karnataka.
Timeline
Assistant Manager for Asset Servicing
HSBC
05.2021 - Current
Senior Bank Officer
IDFC FIRST BANK
03.2020 - 05.2021
Senior Analyst
State street HCL services
11.2018 - 07.2019
Analyst
Deutsche Bank Group – DBOI Global Services
04.2016 - 06.2018
Bachelor of Commerce - Finance
National Degree College (Autonomous)
CEBA - CEBA
Vision PU College
SSLC -
Maruthi Vidyalaya