GIRISH NARKAR
Bachelor of Commerce
Mumbai
Summary
To acquire professional and financial pinnacles, both for the company and me though skill, knowledge and hard work.
Overview
9
9
years of professional experience
3
3
years of post-secondary education
2
2
Certifications
Work History
Business Analyst (Project Manager)
Morgan Stanley
12.2022 - Current
- Extensive experience in derivatives – listed, OTC and asset class, knowledge of Fixed Income products with a specialization in Interest Rate Swaps, Structured trades
- Expertise in Trade bookings, Idea generation, Strategy implementation, and liaising with client and Sales &Trading teams to ensure proper booking and regulatory compliance
- Work in close partnership with various stake holders i.e
- Portfolio Managers (Front Office), Business Management, Reference Data, Back Office, Technology & PMO on BAU/adhoc management requests
- As a business analyst working for regulatory reporting projects team, we are responsible to do an analysis with regards to the requirement that comes from regulators
- Performing business analysis activities in order to define solutions, utilising a mix of product, process knowledge to ensure we meets it Trade and Transaction Reporting obligations
- Analyzing and translating regulatory requirements and propose solutions through presentations and flow diagram
- Converts business requirements into functional specifications that are understandable by technology team members
- In case of any blockers or spill over hampering the delivery of certain item, we need to provide with proper justification to management
- Coordinate with the business, legal, technology and other divisions across the firm on new initiatives
- Checking of trades for APAC regimes (MAS, ASIC, KRX, HKMA, JFSA) which mainly involves OTC trades which are to be reported by Morgan Stanley to regulators
- Ensuring timely and accurate regulatory report filings for APAC regime
- Worked proactively on Jira’s to understand the issues and get it resolved
- Connecting with various stakeholders which includes traders, Business, Developers, RTB, sales team, compliance team and other regimes for product understanding, impact analysis etc
- We do analysis on xml & fpml messages sent out via reporting engines to regulators and make sure there is no under or over reporting to regimes which can have financial & goodwill impact on the firm as penalized by regulators
- Participating in the identification or development of technology to support new business flows
- Generating test cases and execute user acceptance testing to ensure new technology delivers and functions as expected
- Connecting with RTB teams in case of controls issues in the pre-Go Live and post live stage
- Liaise with RTB, Tech and other stakeholders on solution implementation, analyse and exposes complex issues, identify root causes and propose future actions.
Senior Trade support Analyst
Nomura Services India Pvt Ltd.
11.2018 - 11.2022
- Ensuring all functions and procedures are performed in a timely and correct manner, i.e
- Trade booking, confirmation, Settlement, position reconciliation, Sales credit and timely escalation to respective team
- Expertise in generating Trade Confirmations for clients (via Systems Bloomberg, Stix, Tradeweb), managed bookings with Trade Recaps, suggested changes in the process for smooth trade life cycle events
- Spearheading complete process operations for Fixed Income Sales, booking all Fixed Income Derivative Trades in the Risk System and managing discrepancies raised by clients or traders
- Responsible for day-to-day securities settlement operations and Euro clear pre-matching of fixed income trades
- Working with front office to ensure timely booking of trades and manage Pre-matching, TBA Netting, FICC matching and Pair-off activities
- Liaise with the Sales/Trading desk in case of any discrepancies and get the amendment done
- Management of failed items or late transactions
- Liaise with Client and Custodian for fail trades and position management for upcoming trade deliveries in DTC, FEDWIRE and EUROCLEAR market
- Working with Client and FO on BUY IN Trades to avoid BUY INS and following up on same
- Dealing with pending balances and open items and finding their resolution to get those resolve on timely manner
- Using Bloomberg terminal in order to check the discrepancies on settlement and amending the trade accordingly
- Allocation of order to client sub-account upon client instruction, chasing clients for allocations
- Direct external communication with sensitive and premier clients as well as liaising with senior front office staff (Sales ED, VP’s and Directors)
- Risk management and regulatory supervision of FINRA TRACE for unmatched and sensitive trades
- Trade monitoring on CTM, TRACE, FICC /MBSCC for unmatched netting eligible TBA trades
- Liaising with on boarding team and get the new client on boarded
- Maintaining reference database all the clients with the account details in an effective manner
- Preparing daily MIS and reporting the same to management and sales desk
- Worked on various process improvements and system enhancement projects by doing UAT testing, Scenario analysis and Regression testing
- Has good knowledge about fixed income products and trade life cycle
- Also, ability to identify and escalate issues to senior management and to trading desks.
Finance Operational Analyst
eClerx Services Ltd.
09.2015 - 10.2018
- Fixed income products Trade reconciliation for corporate / municipal / agency bonds / Government bonds
- Ensuring all functions and procedures are performed in a timely and correct manner, i.e
- Trade checkout, position reconciliation and timely escalation to desk
- Working as a bridge between FO and BO to find out issues related to unmatched/unsettled trades (bonds products) and how to fix them
- Liaising with competently and professionally with contacts, internally and externally
- Liaising with settlements for unsettled / unmatched trades (Corp / muni / Agency bonds)
- Performing preliminary investigation of trades on the basis of Cusip, SD, Price, and Quantity etc
- Finding out break in trades done with counter parties and reaching out to concerned trading desk to get these discrepancies resolved
- Dealing with broker / dealer / suspense accounts for accurate figures related to breaks and finding their resolution
- Setting up Special payment order and follow up with contra brokers in this regard
- Have knowledge of using the Bloomberg terminal in order to check the discrepancies in the trades
- Daily MIS reporting to the Operations Manager & Client
- Trade amendments and preparing price variance report for trade support group
- Performing daily / weekly assignments as mentioned and agreed with client in SLA including weekly metrics for process
- Assist clients with cross border settlements via Euro clear and Clear stream
- Manage and reduce risk associated with settlement failure
- Chase aged breaks regularly and in accordance with procedure
- Trade confirmation over email/phone with brokers
- Having experience in Metric and Data Analysis
- Contacting CP for Failed trades in order to Settle them Partially/Fully/Pair off
- Has good knowledge about bonds, derivatives and trade life cycle
- Also, ability to identify and escalate issues to senior management and to trading desks.
Education
Bachelor of Commerce -
K.J. Somaiya College of Arts & Commerce
06.2012 - 03.2015
Skills
Sound Knowledge of Capital Markets, Derivatives Markets & Fixed Income Securities
Ability to work independently and contribute ideas toward improving current processes
Confident user of Microsoft Office, including Excel, Word and PowerPoint
Analyzing and translating business needs to create and propose solutions through presentations and flow diagram
Excellent communication skills, both written and oral
Ability to manage own time and priorities workload
Project Management
Business process improvement & optimization
Stakeholder Management
Multitasking Abilities
Strong presentation skills
Certification
MS-CIT Course (Word, Advance Excel, PowerPoint)
Personal Information
Date of Birth: 01/06/95
Disclaimer
I hereby declare that the above particulars are true and correct to the best of my knowledge.
Timeline
Business Analyst (Project Manager)
Morgan Stanley
12.2022 - Current
Senior Trade support Analyst
Nomura Services India Pvt Ltd.
11.2018 - 11.2022
Finance Operational Analyst
eClerx Services Ltd.
09.2015 - 10.2018
Bachelor of Commerce -
K.J. Somaiya College of Arts & Commerce
06.2012 - 03.2015