HARRY VIMAL RAJ
Hyderabad
Summary
Senior Analyst with 3.5 years experience in Derivatives Settlement and Reconciliation is tasked with overseeing the post-trade activities related to derivative instruments, guaranteeing precise and prompt settlements, and upholding the accuracy of financial records through careful reconciliation. This position is essential for reducing financial risks and ensuring adherence to regulatory requirements.
Overview
4
4
years of professional experience
Work History
Senior Analyst- Investment & Trade Client Services
Franklin Templeton
04.2023 - Current
- Derivatives Trade settlement Tracking (OTC & ETD)
- Managing the end-to-end settlement process for derivatives transactions, ensuring timely and accurate trade affirmation, reconciliation, and payment processing
- Preforming daily trade monitoring activity that involved Futures and Options trade confirmation with brokers and transmission to custodian
- Liaising with brokers, counterparties, and clearing houses to resolve trade discrepancies and settlement issues
- Monitoring trade breaks and performing root cause analysis to improve operational efficiency
- Supporting audits, reporting, and escalation of unresolved settlement risks
- Preparing Indian AMC position Reconciliation and validation for futures, initial & variation margins
- Preparing non-base currency report on daily basis - Converting the Non-Base Currency to Base Currency
- Working closely with Middle office & OTC Collateral team on funding the insufficient accounts
- Clearing Trade breaks and Interest breaks by reconciling the Custody statements and our Records
- Approving internal transfers to move the funds from incorrect account to correct account within the same custody and across various custodians as well
- Checking and preparing Cash Adjustments within the cut off timings to mitigate the risk of OD charges
- Improved client relations by working on requests, prioritizing based on urgency and client sensitivity
- Preparing Fails and Collateral Dashboard EOD Reports
Analyst
Franklin Templeton
05.2022 - 04.2023
- Settlements - Fails Management of trades related to Derivatives
- Tracking of failing trades of various custodians to settle them by T+1 days
- Mailbox Management on trade breaks - resolving the queries raised by Middle Office Client Services Teams
- Preparing and initiating Internal transfer between Accounts and sending them for Approvals
Graduate Trainee
Franklin Templeton
08.2021 - 05.2022
Education
MBA - Finance & HR - Hyderabad
St. Joseph PG College
12.2021
Skills
- Tally 90 ERP Software
- MS-Office
- MS-word
- MS-excel
- MS-PowerPoint
Accomplishments
- Reduced settlement breaks by 30% by implementing robust exception management techniques and closely monitoring trade life cycles for both OTC and ETD derivatives.
- Achieved a 96% T+0 Settlement rate for OTC derivative trades through proactive follow-ups and improved counterparty communication workflows.
- Resolved high-value trade discrepancies worth over $50 million within tight deadlines, maintaining zero financial loss and improving client satisfaction.
- Created comprehensive SOPs for ETD and OTC settlements, facilitating smoother handovers and training of new team members.
- Acted as key point of contact for investment bank clients, resolving settlement queries and improving SLA adherence by 20%.
Streamlined Trade Settlement Process:
T+0 Trade Confirmation and Settlement Rate Improvement:
Resolution of Trade Breaks:
Process Documentation & Training:
Client Relationship & Issue Resolution:
Projects
Acadia Settlement Manager (ASM) 2023-2024
- Settlement Manager can improve settlement efficiency and reduce settlement fails by reducing operational complexity and increasing automation.
- ·Onboarded accounts of JPM, BNY, State Street & NTRS on ASM by working closely with custodians and brokers. Which resulted real-time settlement of trades.
- Worked on BIC Set ups with all custodians to accept the swift instructions from Acadia,
- ·ACA – Side Letter Authorization with Franklin, Brokers & Custodians.
- ·SSI’s Standard Security instructions set-ups on Acadia settlement manager.
Custody Transition-2024- 2025
Successful End-to-End Custodian Transition:
- Led the smooth transition of $5B+ in assets from legacy custodian to new custodian bank with zero asset loss and minimal disruption to day-to-day operations.
Data Mapping & Account Set-Up:
Successfully mapped 300+ securities and account structures between old and new custodians, ensuring accurate recordkeeping and continuity in settlement processes.
Impact of cyclones on coastal area: (A study) 2019
- My project the impact of cyclones on coastal areas shows the financial and social problems faced by people in Tamil Nadu and Andhra Pradesh during TITLI and HUD-HUD cyclones.
Internship
Customer relation management, Brand Factory, 2020
Websites, Portfolios and Profiles
https://www.linkedin.com/in/harry-vimal-raj-00476514
Timeline
Senior Analyst- Investment & Trade Client Services
Franklin Templeton
04.2023 - Current
Analyst
Franklin Templeton
05.2022 - 04.2023
Graduate Trainee
Franklin Templeton
08.2021 - 05.2022
MBA - Finance & HR - Hyderabad
St. Joseph PG College
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