Deepak Kadam

• 1. FX/MM/OPTION/Derivative trade validation against trade recaps received from sales teams against booking in BO systems for APAC locations and sending out confirmations.
  2. Review and authorize payments from SWIFT alliance including RTGS for APAC locations.
  3. Investigation of NOSTRO/ledger/suspense accounting breaks. Posting and authorizing necessary entries in accounting application ATLAS2. Investigation and postings of commitment and contra entries in case of linkage issue or pending BO setups.
  4. Handling of Various system enhancement projects. Coordinating with BAs for BRD creation, functional specification finalization, timely follow up with project teams and providing updates to stakeholders, UAT testing and go live performance assessment.
  5. Prepared new joiners onboarding kit and trained new joiners on business process.
  6. Identifying pain points in daily BAU and working on change management projects for process enhancement to streamline end to end processing.
  7. Supervising team BAU and handling queries and escalations. EOD supervisory checks on internal controls performed and management reporting.
  8. Attending queries from risk and control and audit teams. Maintaining the processed data and supporting documents as per audit requirements.
  9. Working with Operations control team on error analysis and making sure effective controls are in place and SOPs are aligned to ensure error free Processing.
  10. Supporting manager in team handling, maintaining leave tracker, skill matrix, resource planning, participating in BCP drills and any other ADHOC responsibility.
  
  
  Projects Details – Successfully implemented automatic transfer of CLS payments for all APAC entities which eliminated manual payments for CLS funding on VD-1 as a SPOC from Operations for providing business requirements to IT and performing UAT and laising providing sign-off from operations

1. OMR is ALMT IT back-office global application which includes trade processing, generation of

counterparty confirmations & advices, payment processing & accounting & cash position monitoring & reconciliations & regulatory reporting. Act as the 1st level escalation point for business issues end user calls and serve as a main integration point for business needs to technical and business specifications.

2. Currently performing BAU activities providing level 1/2 analysis This includes use of OMR as the Fixed Income application, Microsoft SQL Server as the database on Unix operating system. We use JIRA and other in-house tools for incident and problem management.

3. Resolving incidents raised by the business and directing them to the development team for design and UAT tests if required.

4. Liaising with the business for understanding complex requests and fulfilling them in a timely manner.

5. Organizing the weekly business calls to discuss on outstanding or critical incidents and requests.

6. Attending the calls for weekly/Monthly releases of change requests and hot fixes and discussing more robust ways to enhance the release thereby minimizing future incidents.

7. Liaising with the vendor for any application bugs and making sure they are deployed in the upcoming patch release..

Project Management

Successfully implemented the auto-release of payments from OMR to Swift Alliance, which are matched on MT300 and MT320 trades for interbank clients, as a SPOC between the IT and Operations teams, which was previously done manually.

Successfully implemented auto-reports highlighting trades booked nearing cut-off to managers to ensure no settlements are failed and acted as a SPOC between the IT and Operations teams.

Successfully implemented Cross Branch Netting tool for corporate client which enable to perform FX,NDFX and DEP product class to meet client and onboard new client requirement acted as a SPOC between IT and Operations

1. Played a key role in the migration of the FXMM business from Hong Kong to Mumbai hub for the Asia Pacific markets.

2. Validated and settled FX/MM/OPTION/Derivative trades.

3. Reviewed and authorized payments from SWIFT alliance including RTGS for APAC locations. Engaged with business stakeholders to agree on potential issues and identify control gaps. Ensured CLS accounts fundings are done on VD-1

4. Kept a track on the CLS position of the bank for all CLS eligible currencies and accordingly advised the traders on the long and the short positions in particular currency.

5. Informed unmatched trades to treasury for daily adjustment of funding figures as well as daily interaction with Global Treasury Operations teams of different regions.

6. Liaised with clients/counterparts to validate and investigate the financial/hypothetical loss incurred on late settlements of trade or cash transactions.

1. Processed transactions as per the defined internal guidelines/documented process. Ensured timely settlement of FX, MM and transactions.

2. Generated all process related MIS and daily cash position as per agreed timelines.

3. Followed risk policy and processes to mitigate the operational, regulatory, financial, informational, reputational and audit risks as instructed by the departmental manager.

4. Drove key projects for continuous process improvement. Monitored settlement activity intraday and reconciled against projected cash positions.

1. FX confirmation via swift platforms (TRAM) and non-swift (Email, FAX & Phone).

2. Settlement and matching of FX trades before the respective currency cut-off time on value date. Inform unmatched trades to treasury to adjust the funding figures and constantly liaise with counterparty to match the same before the cut-off time on value date.

3. Converse to agent banks for good value settlement of safe settle trades, priority payments, and payment instructions released late

4. Keeping a track on the CLS position of the bank for all CLS eligible currencies and accordingly advising the traders on the long and the short positions in particular currency.

5. Adding Controls, preparation of Standard Procedures and continuous Cash flow monitoring

6. Provide details of hedged and unhedged exposure and reporting Mark to market (MTM) of FX

7. Development and implementation of monitoring process monitoring process related to cash flows

8. Inform unmatched trades to treasury for daily adjustment of funding figures as well as daily interaction with global Treasury Operations teams of different regions

9. Liaise with clients/counterparts to validate and investigate the financial/hypothetical loss incurred on late settlements of trade or cash transactions

10. Responsible for designing and operating solution for giving advice to the management through recommendation to ensure compliance with industry standards and audit discussions for improving efficiency and control in existing process.1. FX confirmation via swift platforms (TRAM) and non-swift (Email, FAX & Phone).

2. Settlement and matching of FX trades before the respective currency cut-off time on value date. Inform unmatched trades to treasury to adjust the funding figures and constantly liaise with counterparty to match the same before the cut-off time on value date.

3. Converse to agent banks for good value settlement of safe settle trades, priority payments, and payment instructions released late

4. Keeping a track on the CLS position of the bank for all CLS eligible currencies and accordingly advising the traders on the long and the short positions in particular currency.

5. Adding Controls, preparation of Standard Procedures and continuous Cash flow monitoring

6. Provide details of hedged and unhedged exposure and reporting Mark to market (MTM) of FX

7. Development and implementation of monitoring process monitoring process related to cash flows

8. Inform unmatched trades to treasury for daily adjustment of funding figures as well as daily interaction with global Treasury Operations teams of different regions

9. Liaise with clients/counterparts to validate and investigate the financial/hypothetical loss incurred on late settlements of trade or cash transactions

10. Responsible for designing and operating solution for giving advice to the management through recommendation to ensure compliance with industry standards and audit discussions for improving efficiency and control in existing process.

1. Worked as an operation executive with the trades processing of Euro clear bank and Clear stream bank under system called GSP (Global Securities Processing) and CMS (Custody Management System)

2. Processing, Cancelling and Releasing trades into the market through by the way of faxes, swift messages of clients

3. Releasing cross borders trades of Euro clear and Clear stream with specific procedures required for different market.

1. Worked in a FX confirmation/Affirmation process for non-swift client on Trade date basis and making sure all
deals on Trade date and matched and if there is any discrepancy same has to be raised to Middle
office/Front office for the same.