Deepak Vishwakarma

Department: Custody Operations Trade Support.

• Pre-matching & Trade Management function for APAC, EMEA and North America.
• Review existing procedures and document new procedures in the sections.
• Conduct manual booking and amendment for Equity, Fixed Income and Repo transactions.
• Ensure all the rejected trades in a queue are being cleared or escalated to client on a timely basis.
• Ensure timely setup of broker SSI, client account and security mapping to avoid delay in trade processing.
• Pre-matching and Settlement for Euro clear, ESES & T2S, Canada, Mexico, DTC, FED etc. market.
• Communicate and agree upon Repo pair-offs with Brokers.
• Escalate mismatch in trade parameter and DK from broker on priority to get faster resolution from client.
• Dealing with Claims submitted by counterparty.
• Mitigation of manual effort though fixing and analyzing root cause to enhance STP.
• Analyzing high value trades to accomplish sufficient position to avoid settlement risk.
• Handle queries from operations and stake holders.
• Liaise closely with other departments and external institutions/custodians to ensure smooth operations of the sections.
• Analyzing Risk and STP Trade Fails to upgrade Client instruction.
• Working on CSDR and Process Improvement UAT's

Department: DFX Settlement & Investigation

• Handling Client & Bank query on non-receipt of funds.
• Managing Fails report for EOD & SOD.
• Swift formatting and SSI updating for managing Settlement.
• Liaising with Agent for claims and funding queries.
• Analyzing fails to enhance STP settlement.
• Executing payment under swift formatting for MT103 + MT202 and MT199 & MT599 Free format.
• Monthly Review & Submission of report for FX queries to upper management.
• Handling & Reporting Issues with Client and management.
• Managing settlement for Middle East & South African CCY.
• Follow up static team for missing set up of standard settlement instructions in our system. Proactively working on client requests for any changes in instructions as per OMGEO ALERT or otherwise
• Investigating and managing Nostro Breaks

Department: Prime brokerage middle office / Custody Middle office

Designation: Team Leader

Trade Management & Prematching: (EMEA / ASIA/ LATAM/DTC)

· Supporting Trade management function for APAC, EMEA and North America.

· Monitor and upload trade files from clients.

· Conduct manual booking and amendment for Equity, Fixed Income and Repo transactions.

· Ensure smooth settlement to avoid penalty due to delay.

· Ensure sure all the rejected trades in a queue are being cleared or escalated to client on a daily basis.

· Ensure timely setup of broker codes, client account and security mapping to avoid delay in trade processing.

· Pre-matching and Settlement of Euroclear, Crest, Germany, Swiss, Canada, Mexico, DTC, FED and Asian markets.

· Escalate mismatch in trade parameter and DK from broker on priority to get faster resolution from client.

· Dealing with Claims submitted by counterparty due to delay in settlement.

· Train and transfer of knowledge within team along with handling daily issues.

· Offshore Communication with Clients and Conference call with Client and Euro Clear Department for Smooth Issue resolution

· Perform Cash and Asset reconciliation between various applications.

· Ensure all Incoming and Outgoing wires are captured and processed on timely mode.

· Identify and resolve Cash and Asset breaks by doing amendments, booking or by liaising with other teams to fix the breaks.

· Resolve with client queries received from Account Managers on trade and breaks.

Stock borrow lending

· Process includes agreeing new borrows and return with various lenders on street.

· Pre-matching the trade on time to avoid any shorts, penalties or fails.

· Following with agent’s settlement team and trading desk.

· Escalate trade mismatch and DK from broker on priority to get faster resolution from the trader and TA’S

Prime Custody Reconciliation and Resolution:

• Unique product offered by J.P. Morgan to its PB client successfully migrated in Mumbai.
• Perform Cash and Asset reconciliation between various applications.
• Ensure all Incoming and Outgoing wires are captured and processed on timely mode.
• Identify and resolve Cash and Asset breaks by doing amendments, booking or by liaising with other teams to fix the breaks.
• Resolve with client queries received from Account Managers on trade and breaks.

• Equity & FI Trade Confirmation on T+1 for DTC Market Settlement.
• FX (SPOT, Forward & NDF) Trade Confirmation and exchanging NDF Confirmation document with broker.
• Updating SSI's on Alert for DTC and Other Markets.
• Trade Allocation and Trade Affirmation over Omgeo Oyasis.
• Reconciling Client acc over Short & Long Positions.
• Handling Exception (Accounting) Queues for client.
• Covering Sell Trade prior VD or allocating Parting to minimize risk or Claim.
• Fails Report EOD to Client and other Stake holders.