Ismail Mohammed

Process: Entity Management

• Worked in Integration team for smooth migration of new vendor data.
• Collecting ownership details from vendors like Morning Star, FactSet and SPGI, adding them to database and analyzing it.
• Reviewing the data at product level to provide accurate results to clients.
• Identifying launch dates, managers, name histories of funds from legit sources and updating the database accordingly.
• Validating firms from respective state/country registries and updating the same in the database.
• Identifying data anomalies manual or vendor errors and resolve them to improve product accuracy.
• Checking and updating firm’s data from respective company filings.

Process: Asset services-Corporate actions Middle office

• Responsible to scrub all the mandatory and voluntary corporate action events along with blocking of funds if required..
• Main system we use is Aladdin which is developed by Blackrock solutions; it’s a very advance system and has visibility to Front office to see how a corporate action is performed.
• Every day they will be flow of feeds into the Aladdin system for 3 times in a day. We need to see them and scrub the events and place the blocks where ever necessary.
• We also need to align the deadlines which we got from different custodians. On ex-1 we need to do a preprocessing check to check whether the event is good to process overnight.
• Upon checking we also do a preview processing so that to investigate and resolve the issues found. We take care of elections which are due today and which are pending and send emails to relevant front offices.
• We also take care of cash. Stock reconciliations where we reconcile and resolve the breaks with all the investigations.

Corporate Action North America

• Booking of mandatory and voluntary events on funds based, which are holding as of ex-date and Expiration date.
• Validating the corporate action events with the help of BLOOMBERG, IDC, and DTCC. Working on Pending corporate action events if there are discrepancy in the notification.
• Posting the corporate actions for the funds based on Custody entitlements, with the help of Custodians notification and validating the positions of mutual funds with the custody positions before and after processed.
• Reporting CART, NAV impacts and Market Value Changes to the respective clients on time.

Dividends and Fixed Income

• Validating the Dividend and Income with the help of BLOOMBERG, MDS, and MCH.
• Creating the Dividend lines for the funds based on accounting entitlements, which are holding as of ex-date.
• Validating and adjusting the Tax and Div Rate as per the announcement and posting the sec lending accruals as per clients on daily bases.
• Adjusting the accruals manually in the internal application like MCH.
• Calculating and adjusting the “WHT” With Holding Tax as per the announcement.
• Daily activities include preparing cash activity and projections for the portfolio managers, researching and verifying daily interest, dividend and expense accruals.
• Work with custodian to ensure that funds are receiving all entitled income & principal payments.
• Audit, resolve, and approve the daily net asset value/unit value calculations of funds on a daily basis to ensure no discrepancies that would result in reporting an incorrect net asset value.
• Validating and updating the Income dates, Coupon Rates and Maturity dates with the help of Bloomberg.

Process: Asset services-Corporate actions

• Handling Asset Services with in corporate actions that include Announcement Capture, Funding, TMPG (Treasury Market Practices Group) and Corporate Action.
• Send claim letters to counterparties where we are due to receive compensation as per market entitlement rules.
• Reconciling agent depot breaks caused due to incorrect elections and posting manual payment through our internal systems for agreed claims with counterparties.
• Creating corporate action announcements mirroring the related details available on vendor source like DTCC and SWIFT.
• Calculating principal and interest for mortgage backed securities and asset backed securities with in collateral management with partial help from Bloomberg.
• Investigating the trade breaks in internal reconciliation systems, passing journal entries to match the breaks if applicable.
• Managing client queries and resolving them and escalating issues to onshore, ensuring claims management.
• Review of day-to-day processing activities in the process to avoid any delay or incompletion of activities.
• Working with different internal teams like corporate actions, Reconciliations, Controls, Risk and Settlements in resolving issues and breaks.