Gowtham Thangavel
Summary
Dynamic banking professional with over 11 years of experience in investment, capital markets, and commercial banking. Expertise in cash management, payments, trade settlements, letters of credit, reconciliation, and loan agency, with a strong emphasis on accuracy and risk control. Proven track record of enhancing operational efficiency and driving growth. Aiming to secure a managerial role in middle office operations to further leverage skills and contribute to organizational success.
Overview
12
12
years of professional experience
Work History
Team Leader –LC servicing - Cash Functions
JP Morgan Chase Bank
Bengaluru
12.2021 - Current
- Designated as Team Leader in WLS – CB CIB department serves to the region Houston, Delaware, Chicago and EMEA
- Daily cash functions include matching of the broker fee, assignment fees and clearing the pending dues based on the ageing bucket threshold.
- Key role involves in issuing of New LC’s as an agented bank for the syndicated loans.
- To initiate and approve the ROF as per the counterparty standard instructions.
- Daily operations includes the monitoring and approving of fund movements in LIQ application, ad-hoc amendments as per the client references.
- To monitor the trade closure status in LIQ and initiating the broker charges via concur system.
- To handle the various remitters on LIVE and maintain their total due balance report.
- Support the secondary trading desk with Trade booking and settlements.
- Liaise with other departments within the bank as well as external contacts (Borrowers, other Banks, and Trustees).
- To circulate the business exposure reports includes NA assignment pending due, quarterly wellness, outstanding report and cash functions EOD metrics.
- Application skills: Loan IQ, iRecs, clear par, Concur, Aurora and e-serve.
Senior Process Associate –CFM
BNY Mellon International Operations
Chennai
09.2018 - 11.2021
- Transition– Corporate trust from region SF, Houston, Chicago and Pittsburgh.
- Designated as senior representative client processing in Issuers and Loans- Corporate trust serves to the region Houston, Dallas and Pittsburgh.
- As a Work Flow Lead, duties involved in verifying and approving USD payments for fixed and variable interest bonds for the whole 15 member’s team.
- Daily processing / approval includes validating the invoices and submitting to the client- Volume of 100 plus invoices per month.
- Interest and principal payment to the holders- Volume of 100 plus payments per Month.
- Processing the External accounts and internal accounts cash transfers - Volume of 30 in a day.
- External wire payments, DWAC processing, Check issuance and deposit -Volume includes 40 plus per day.
- Handling monthly GIC – Guarantee Investment Contract’s and monthly amendments for the GIC providers.
- Affirmation of buy trade and sell trade as per the trade tickets assigned for the specific deals.
- Monitoring the money market for the specific high priority loans and utilizing the earnings as per client specifications.
- Representing the yearly payments wire automation project across the business.
- Monitoring and processing reports like un-invested cash items and overdraft tool.
- Application skills: Main frame systems and TLM, Debt service management, Nexen and corporate trust, ACS (Account control system).
Associate, GRU
Citi Corp Services India Pvt Ltd
Chennai
08.2015 - 01.2018
- Transition – TTS NOSTRO cash Management from third party (TCS) and from Dublin.
- Designated as an Associate in GRU-TTS Nostro team serves to the client TTS of duties involved in level II investigations on daily payments.
- Held a vital role in migrating the process from third party (TCS) to captive and stabilized the process in short period of time.
- Daily manual cash reconciliation TLM pertaining to cash management department for 30 Nostro accounts in various currencies.
- Involving into the end to cash management process internally and externally with the bank and ensuring the client accounts are not overdrawn in position as well cash.
- Exposure on payment chain between the financial institutions using the SWIFT network system.
- Hands on experience in NORDICS reconciliation, SEPA and Faster payments.
- Taken various initiatives towards the automation process in-order to reduce the manual intervention that results in production time to the team.
- Preparing and circulating the Wellness reports every day to the management and to the production unit.
- Application skills: Smart stream TLM, Citi FT, SEPA and Faster payments.
Senior Analyst, IRCOE
State Street HCL Services
Coimbatore
07.2013 - 08.2015
- Transition – IMA and FUAD from Syntel services-Pune, GT NACC1 from Boston.
- Designated as a senior analyst in IRCOE team serves to the client custodian State Street Bank.
- Reconciliations of cash and securities between accounting and custody books.
- Clearing the breaks by manual as per the books of matching rules provided by the onshore team.
- Identifying all open discrepancies and its settlement status and informing the business lines with the appropriate reason code causing differences also liaising with middle office and back office to clear all the trades and aged breaks.
- Manual feed uploading process for the NACC1 clients through DRS systems and performs the back office.
- Working in and as a source team, respondent team and research team during the entire reconcile process.
- Submitting the EOD reports includes the number of discrepancies in both cash and position.
- Additional responsibilities includes the new account setup under TLM in support with the deployment team.
- Application skills: Smart stream TLM, PLM, Multi-currency horizon and DRS.
Education
MBA - Operations Management
Sree Saraswathi Thyagaraj College
Coimbatore01.2013
Bachelor of Science - Commerce
N.G.M College
Coimbatore01.2011
Skills
- Cash management
- Payment processing
- Loan administration
- Trade reconciliation
- Loan IQ
- Swift payment processing
- Process automation
- Payment reconciliation
- Smart stream TLM
- Letter of credit
- Trade settlement
- Reporting metrics
- Closing procedures
Awards
- JP Morgan ACE Award – Appreciation and honor for the best performer in the team for Q2, 2022.
- BNY Mellon- Appreciations from multiple CSM on closing the maximum deals in on maturity dates for several clients in a short span of time.
- Citi - Citi Arc award winner – first quarter, 2016 for continuous improvement in the process and backup for the all the process with in the team.
- State Street- Awarded as Best team player award for the quarter AMJ- 2015 on contributing the efforts in handling two processes and maintains nil errors.
Personal Information
- Passport Number: AB592506
- Date of Birth: 12/06/90
Timeline
Team Leader –LC servicing - Cash Functions
JP Morgan Chase Bank
12.2021 - Current
Senior Process Associate –CFM
BNY Mellon International Operations
09.2018 - 11.2021
Associate, GRU
Citi Corp Services India Pvt Ltd
08.2015 - 01.2018
Senior Analyst, IRCOE
State Street HCL Services
07.2013 - 08.2015
MBA - Operations Management
Sree Saraswathi Thyagaraj College
Bachelor of Science - Commerce
N.G.M College
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