Gaurav S. Karanjkar
Investment Banking
Mumbai
Summary
Service-oriented Associate Manager with commitment to excellence and more than 10 years of experience. Effective collaborator promoting great skills and personal growth. Proven history of efficiency and reliability.
Overview
12
12
years of professional experience
1
1
Certification
Work History
Associate Manager
SS&C GlobeOp Financial Services India Pvt. Ltd.
Mumbai
03.2021 - 07.2024
- Responsible to Settle cash flow on VD and post VD with Counterparties
- Responsible to create & process wires
- Responsible to reach out Counterparties, Client, Custodian & Internal teams to get cash settlements Agreed before cutoff
- Investigating breaks and resolving them on basis of Trade Economics and Supporting Docs
- Responsible to get resolve Post Settlement breaks before given deadline of Aged break by Client
- Coordinating with Confirmation, Trade Capture and Valuation teams to ensure cash flows are prioritized and settled on timely manner
- Responsible for setup Standard Settlement Instruction of Prime Broker and Counterparties
- Responsible for Allocation of BAU
- Responsible for Approval of Standard Settlement Instructions, Wires and Daily Activities created by team members
- Understanding of SWIFT message
- Based on priorities, categorizes inbox and daily cash flows
- Handling issues received from client and resolving them by coordinating with Middle Office and Back Office
- Callback procedure are follow for safe and smooth settlement
- Daily call with senior management And Client regarding aged breaks
- Responsible for monthly Reconciliation of Reset cash flows with Counterparties
- Worked with internal split side team to get the issue resolved
- Performing daily check to ensure zero error
- Contributed new ideas to save time by process
- Training Session for new joinee's
- Worked on Standard platforms: - DTCC, Swapswire and Alert
- Product knowledge of Equity, Rates, Bonds, Futures, Forward, Options and OTC Swap products
Consultant
Deloitte Touche Tohmatsu India LLP.
Mumbai
06.2020 - 01.2021
- Working On JP Morgan Project as Back Office on Reconciliation of Post settlement trades on basis of T+1
- Preparing the Nostro MIS for across internal departments
- As per requirement and priorities, Sorting and working on Nostro Breaks and Inbox query
- As per the request, Sweep the funds from one account to another
- Performing daily reports and sending to internal department
- Have experience on application as Arena, Irecs, DCPP and PRPC
- Contributed new ideas to save time in Reconciliation process
- Prepared the SOP's And shared across team
Senior Associate
Eclerx Services Ltd
Mumbai
07.2016 - 09.2019
- Pre & Post settlements – Fixed income derivatives
- Pre matching & Matching trades on VD-1, VD-2 & VD with counterparties
- Based on priorities, categorizes inbox and daily queues in PWMS
- Handling issues received from client and resolving them by coordinating with Middle Office and Back Office
- Four way callback procedure will be follow for safe and smooth settlement
- Weekly call with senior management regarding aged breaks
- Worked with internal split side team to get the issue resolved
- Responsible for performing trade reconciliation between Middle Office and Back Office in CBM tool
- Performing daily reports and sending to internal department and clients
- Contributed new ideas to save time by creating templates for reconciliation process
- Worked on Standard platforms: - DTCC and Swapswire
- Understanding of SWIFT messages
- Trained and supported new team members, maintaining culture of collaboration.
Associate
STATE STREET SYNTEL PVT. LTD.
Mumbai
09.2012 - 05.2016
- Responsible for end to end swap trade processing on OTC hub
- We do trade capture, send out trade instructions & cash instructions to banks, sending transaction blotter to banks to help them reconcile their position with client's position
- Handling Settlements part by coordinating with client, broker, custodians & ensuring smooth settlements of the trades on daily basis
- Communicating with client for queries related to Position and trade confirmations with brokers
- Mailbox management which includes handling of Broker's and Custodian's inquiries and resolving the same in timely manner
- Responsible for performing various reconciliations such as Position Reconciliation,Trade processing reconciliation, Trade instructions reconciliations
- Performed Daily Reports
- Swaps derivative services designed to provide clients with detailed information regarding Trade capture, Counterparty payment, Confirmation payment, Settlement (Fails), Trade/Instruction reconciliation report.
- Established strong relationships with key stakeholders, facilitating effective communication across departments and teams.
Education
Bachelor of Commerce -
University of Mumbai
MumbaiHigher Secondary Certificate -
University of Mumbai
Mumbai 04.2001 - 2009.03
Secondary School Certificate -
University of Mumbai
Mumbai 04.2001 - 2006.03
Skills
Process Optimization
Customer service
Time management
Problem-solving
Team building
Effective Client Communication
Process Optimization
Certification
NSE's Certification in Financial Market, Capital Market Dealer Module, Derivative Market Dealer Module
Accomplishments
- Brain behind Process (SOP's) for training of fresher's.
- Top performer in team for the Year of 2014 & 2015 in Syntel.
- Rewarded 'TITAN OF THE MONTH AWARD' in Year of 2014 in Syntel.
- At STM level managed Swaps process successfully for 2 years, with no supervision.
Areas Of Interest
- Dancing
- Cycling
- Exercising
- Listening Music
- Travelling
Timeline
Associate Manager
SS&C GlobeOp Financial Services India Pvt. Ltd.
03.2021 - 07.2024
Consultant
Deloitte Touche Tohmatsu India LLP.
06.2020 - 01.2021
Senior Associate
Eclerx Services Ltd
07.2016 - 09.2019
Associate
STATE STREET SYNTEL PVT. LTD.
09.2012 - 05.2016
Higher Secondary Certificate -
University of Mumbai
04.2001 - 2009.03
Secondary School Certificate -
University of Mumbai
04.2001 - 2006.03
Bachelor of Commerce -
University of Mumbai
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