DILIP PATKAR
Mumbai
Summary
- Proactive Assistant Manager produces high-quality Investment Banking operations tasks by applying determination and attention to detail. Performance-oriented and enterprising leader with organized nature and analytical problem-solving approach.
- Plenty of experience in Investment Banking Exceptions, Trade processing & Settlements, Middle Office, Trade support & Administration for more than 15 + years experience of reputed investment banks operations.
Overview
17
17
years of professional experience
Work History
Assistant Manager
Barclays Global Services Pvt Ltd
Pune
01.2023 - Current
- Middle office Functions. Real time Trade support-Pre settlement trade confirmations.
- Trade allocations, Amendments per Trader confirmations.
- Daily reconciliations. (cash / Fails / positions)
- Wire payments (Manual as well as STP wires) , SSI setup, Cash Reconciliation.
- Post settlement money differences. Real time Exceptions monitoring & error fixing for smooth settlement.
- Well-versed with applications like DTCC Alert / MBS Expert / CPP (cash payment processer) I-match (Intellimatch) B-query / Impact (Broadridge) / Cognos Report / Delphi etc.
- Investigated any discrepancies or irregularities identified during the reconciliation process.
- Reviewed and reconciled daily cash activities to ensure accuracy of financial records.
- Tracked progress of open items and followed up with appropriate parties when necessary.
- Generated ad hoc reports upon request from management or other stakeholders.
- Participated in training sessions on new software applications related to reconciliation tasks.
- Conducted extensive research into customer accounts as needed to resolve outstanding issues.
- Documented processes for reconciliation procedures that were developed or modified.
Assistant Manager
BNP Paribas India solutions Pvt.Ltd. Mumbai
Mumbai
04.2021 - 06.2022
- Part of Global Markets Operations securities settlement dept. covering Prime brokerage. (Providing support for US Region)
- Preparations of Daily Payment Tracker Daily SOD / EOD reconciliations, Fails / Exceptions monitoring & providing real time Trade support via fixing the same into relevant systems & confirming the same with the Clients & processing payment instructions to the Global Clearing Team.
- Coordination between Client / Brokers & Internal counter parts.
- Trade amendments as per client & Desk confirmations.
- Provided guidance and support to junior staff members on daily tasks, projects, and objectives.
- Coordinated with other departments to ensure smooth flow of operations.
- Managed customer service inquiries and complaints in a timely manner.
Assistant Manager
Barclays Global Service Centre Pvt Ltd
Pune
02.2019 - 05.2020
- Part of Global Market Operations, Credit IBMO Trade support Team, Middle office Trade support for UK & US Region. (US Shift).
- Daily FOBO / BOBO reconciliation & breaks resolutions & publication for Senior Management review & pre/ post -settlement assistance to New York sales persons & traders.
- Daily reconciliation of position break reports / money difference break reports & assist sales desk to fix the breaks of real time & future settling Trades.
- Real time Trade Exceptions / queue management & resolutions for errorless settlement.
- Monitoring Error queues & timely fixing of the real time Trades in exceptions queue with the support of NY/UK Sales support Team as well as Traders.
- Email monitoring & answering the pre-post settlement queries from several sales teams across UK & US regions.
- Daily UT reconciliation & follow up with settlement team for open trades.
- Provided daily 15 hrs support during Covid-19 Crises ( working from home )
- Supervised team of 3 employees and provided feedback on performance.
- Assessed job applications and made hiring recommendations to bring in top candidates for key vacancies.
Assistant Manager
Barclays Global Services Pvt Ltd
Mumbai
06.2013 - 07.2017
- Daily review and resolution of BONY Cash and Open Item Reconciliations.
- Client TBA Pair Off confirmations. Post settlement MDF Recon & resolutions.
- Research on Pre & Post settlement wires breaks & correction of SSI into systems as per New ISIN /CUSIP as required by Client with help of static team / Client on boarding Team for errorless sentiments.
- Research on UTA wires from client & updating revised SSI as per Client of OMGEO Alert as per confirmation of client ( wire applications # BONY RDARS & CPP & OMGEA Alert/BDC )
- Wire Payments # well versed with the wire payments, worked closely on wire payments during monthly settlement cycle.( STP & Manual wires.
- Maintaining accuracy during wire payments / instructions to avoid duplication of wires & avoid Nostro / FOBO reconciliation breaks.
Analyst
Deutsche Bank Operations International
Mumbai
02.2007 - 07.2013
- Trade processing exceptions [ ABS/CMBS/MBS ] Middle office support to NY Desk / NY sales team for errorless trade settlement. Working on ICI-IMPACT / Bloomberg/eSper / DTC / STS.
- · Daily co-ordination with NY Trading Desk & Sales persons for several settlement issues.
- · Working on Several Business Reports. E.g. Bloomberg / Position / QIB & Trades Pending.
- Dealing with US/Jaipur / Bangalore counter parts.
- Certain trade booking / amendments. Working on ICI/eSpear /DTC /STS /Bloomberg systems.
- Assisting Legal Risk & Control Team for QIB related Issues. Real time Trade captures.
- Third party broker/money matching and reconciliation for desk & sales persons.
- Position (Trader / Broker account) reconciliation, MDF assistance. Process Improvements.
- Money Difference breaks research between Trader and Bloomberg.
- · Ensure timely, accurate, and complete communications between the Desk / Sales Persons & other operations team situated in various locations for trade support & errorless settlements.
- Ensure timely, accurate, and complete communications between
Education
Batchelor of Commerce - Accounting
University of Mumbai
Mumbai06-1997
Skills
- Task Prioritization
- Team building
- Time Management
- Reconciliation
- Process Management
- Middle Office
- Trade Support
- Nostro
- Trade Processing
Languages
English
First Language
Hindi
Beginner
A1
Marathi
Beginner
A1
Accomplishments
- Star performer
- Gem of Quarter
- Spot Awards
References
References available upon request.
Timeline
Assistant Manager
Barclays Global Services Pvt Ltd
01.2023 - Current
Assistant Manager
BNP Paribas India solutions Pvt.Ltd. Mumbai
04.2021 - 06.2022
Assistant Manager
Barclays Global Service Centre Pvt Ltd
02.2019 - 05.2020
Assistant Manager
Barclays Global Services Pvt Ltd
06.2013 - 07.2017
Analyst
Deutsche Bank Operations International
02.2007 - 07.2013
Batchelor of Commerce - Accounting
University of Mumbai
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