Hemant Kumar
Pune
Summary
Proven track record with total experience of 10 Years in enhancing trade and transaction reporting, showcasing leadership in APAC regulation and pioneering automation initiatives. Excelled in data quality improvement and strategic problem-solving, achieving significant time savings and cost reductions. Demonstrated expertise in Excel and effective team training, embodying resilience and innovation.
Overview
9
9
years of professional experience
Work History
Associate - Trade & Transaction Reporting Process
BNY Mellon
05.2022 - Current
- Joined the team in very initial and crucial phase
- Collaborated with functional heads to identify opportunities for operational improvement and strategic decisions in respective functions based on data.
- Excels in Client Handling, Stakeholder Management, Transition Management, Business communication and Leadership skills.
- After utilizing my previous experience, along with simultaneous cross-training, I took ownership and accountability for all daily BAU in a very short span and received SPOT award recognition for the same.
- While on boarding DROIT vender platform, have worked from the scratch to prepare regulatory overview presentations, reviewing tech BRD to understand workflow, performed UAT testing for each and every recon, identifying & resolving queries and make sure smooth on boarding on time for below regulations & recons
- I got the opportunity to lead APAC Regulation, along with three new team members, giving them the training, an overview, and auditing their work on a daily basis.
- Created SOPs, maintained work allocation, and cross-training plan so that the team will not face any dependency or failure to perform any BAU within SLA.
- I have followed the strict deadline of seven working days to identify the genuine or non-genuine issues after performing a detailed analysis, and I will raise a JIRA/TTR, and notify the repository by sending the DMO template for genuine issues.
- Closely worked with Reg Ops SMEs, internal teams, E2E analysts/dev teams, BAs, and tech folks to streamline all reconciliations by maintaining good rapport, professional relationships, and trust.
- Performed UAT, QA, and post-production checks for JIRA's and TTR's in all sprint releases.
- Being a senior member of the team, I have taken care of new joiners' onboarding, cross-training, and smooth work allocation, and I did this for almost nine team members.
- Automation – leading this project with the Alteryx team by providing them with logic for different reconciliations.
- Migration - We have migrated our old recon tool, EZOps, to GRX by self-learning the tool, GRX, and created all the configurations and logics, along with matching fields. This migration saved BNY one million dollars in yearly fees for EZOps.
FOBO market reconciliation
Barclays Shared services
Pune
03.2021 - 09.2021
- Manage FOBO reconciliation , control risk process for the process
- Reconcile the Positions breaks and Cash breaks and deliver the output before the assigned deadline
- Identify gaps if any, and work towards strategic fix for the issues with new logics or enhancements
- Build strong relationships with various Ops teams, so the ability to communicate issues/breaks with reasoned and detailed argument
- Be able to make timely decisions relating to risk mitigation vs
- Client service when dealing with escalations
- Proactively identify ways to improve the control environment while ensuring compliance with various regulations around securities custody and reporting
Hedge Fund Accounting
Statestreet HCL Pvt ltd
Pune
03.2020 - 02.2021
- Identify and save all the relative broker statements
- Reconcile the Positions breaks and Cash breaks as per the recon and deliver the output before the assigned deadline
- Identify Commission, dividend and the fractional difference and reach out the respective team to get it resolved
- Check and post wires, transfers within the fixed deadline to get it resolved in next run
- Update and maintain Query file on daily basis with updated comments and breaks for both Cash and Positions breaks
- Check and resolve Corporate actions breaks on weekly basis
Derivative Confirmation Process (Dodd Frank Regulatory Reporting)
EClerx Services Ltd.
Pune
09.2015 - 10.2019
- Worked on automation project and implemented it to reduce the manual efforts and errors (Macro)
- Creating COM and TOM documents for RPA designing and implementation
- Providing Enhancement logics/designing logic on reconciliation tools to exclude false breaks and increase efficiency to provide savings in FTE
- Conveying technical requirements to engineers, conducting pre-release testing, and carrying out regression testing scenarios
- Coordinated with various groups (i.e
- Technology, Front Office, Middle Office and Compliance) to perform root cause analysis of issues pertaining to reporting
- Prepare and handles monthly metrics( KPI, SLA, RU and MBR) calls, worked on various automation projects, macros for controls and validation
- Identifying the Reporting party for each trade in OTC Derivative market, which are reportable to DTCC (Depository Trust & Clearing Corporation) under CFTC, CAD and ESMA regulation
- Reconcile the data between DTCC position report and System extract to find out Position and MET breaks
- Ensure if the trade has been reported Real Time (RT), Primary Economic Terms (PET) and Confirmation to DTCC within stipulated time bracket
- If not, then reach out to internal tech team to re-send those messages
- Also reach out to the FO/BO/ & MO for the data verification
- For MET (Material Economic Terms) breaks: Reconcile the MET breaks on TriResolve (TriOptima platform) and reach out to respective counterparty to resolve the discrepancy
- Sending Daily Recon Reports to the clients for across all asset class
- Providing process training for new joiners to get process knowledge and conduct the assessment for the same to ensure that they are all at the pact to initiate process
- Preparing weekly and monthly deck by providing the volume, breaks and in-depth comments
Home Loan
Indusind Bank Pvt Ltd.
Pune
- Making cold calling and visit to DSA and agents for business
- Visiting allotted branch every day for walking customer
- Making the calculation and all documentation of the customer
- Selling of all add on products such as insurance, saving account
- Assisting manager on weekly and monthly targets by providing the volume branch wise
General Insurance
ICICI Lombard General Insurance
Pune
- Making cold calling and visit to new society for general insurance
- Making the calculation and all documentation
- Selling of all add on products such as insurance on home loan
- Maintaining records of renewals and old customers
Education
MBA - Finance
AIMS Pune
Pune06-2013
Skills
- Data Quality
- MS Word
- Excel
- SQL
- Quality Assurance
- People management
Languages
- English
- Hindi
Awards
- Star Performer and spot reward in current organization.
- Won various prizes at Management Fests & College activities.
Attributes
- Ready to learn new things and quick learner.
- Self-analysing, leadership and organizing capabilities.
- Positive attitude towards work and good team player.
Personal Information
- Date of Birth: 19 December
- Marital Status: Married
- Address: Flat 408, Tower 32, Amanora Park Town, Hadapsar, Pune - 411028
Timeline
Associate - Trade & Transaction Reporting Process
BNY Mellon
05.2022 - Current
FOBO market reconciliation
Barclays Shared services
03.2021 - 09.2021
Hedge Fund Accounting
Statestreet HCL Pvt ltd
03.2020 - 02.2021
Derivative Confirmation Process (Dodd Frank Regulatory Reporting)
EClerx Services Ltd.
09.2015 - 10.2019
Home Loan
Indusind Bank Pvt Ltd.
General Insurance
ICICI Lombard General Insurance
MBA - Finance
AIMS Pune
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