Jaikumar Parmar
Equity & Fixed Income Settlements
Pune
Summary
Capital Markets Operations professional with 10+ years of experience in equity & fixed income settlements, trade lifecycle management, and fails reduction across US and European markets. Proven track record of reducing trade fails, managing high-value transactions, and leading teams to improve operational efficiency. Strong expertise in trade booking & settlements, process improvement, and risk mitigation.
Overview
17
17
years of professional experience
Work History
Process Supervisor
Accenture
09.2023 - 05.2025
- Managed end-to-end settlement of US market trades (DTC & Fed) across equity & fixed income instruments.
- Oversaw high-value fixed income trades, reducing financial exposure through proactive issue resolution.
- Led client escalation management, improving turnaround time and client satisfaction.
- Conducted weekly client calls, ensuring alignment on KPIs and operational updates.
- Supervised team operations including task allocation, performance reviews, and training, improving team productivity.
- Developed and maintained trackers (volume, errors, attendance, training) to drive data-based decisions.
- Improved team efficiency through daily huddles and continuous process enhancements.
Consultant
Mphasis
04.2022 - 01.2023
- Managed settlement of European equity & fixed income fail trades, ensuring regulatory compliance.
- Collaborated with brokers and internal teams to resolve trade discrepancies and incorrect bookings.
- Reduced 30+ fail trades to zero, significantly minimizing operational risk.
- Partnered with Claims and Settlements teams to resolve CSDR penalties and settlement issues.
- Ensured accurate setup of Standard Settlement Instructions (SSIs), improving STP rates.
Associate / H Grade
Bank of New York Mellon
06.2021 - 04.2022
- Supported custody operations for global clients across equity & fixed income products.
- Investigated and resolved overdraft charges, ensuring accurate client billing.
- Extracted and analysed trade data from RAD systems to improve settlement.
- Investigated failures and ensured timely settlement through amendments or cancellations.
- Handled client queries and trade discrepancies, strengthening client relationships.
SME – OTC Derivatives
HCL State Street Pvt. Ltd.
06.2019 - 06.2021
- Played a key role in OTC derivatives trade lifecycle management, including CDS, IRS, and cross-currency products.
- Successfully completed process migration and onsite training in Dublin, ensuring seamless transition.
- Managed trade booking, enrichment, and cash flow instructions, ensuring accuracy and timeliness.
- Performed cash/position reconciliation, reducing breaks and operational risks.
- Designed and improved SOPs and checklists, enhancing process standardization and efficiency.
- Handled confirmations, and asset servicing activities across multiple funds.
Senior Financial Analyst
Wipro Pvt Ltd.
12.2014 - 05.2019
- Managed cash equity, fixed income, and collateral trade settlements across European markets under strict deadlines.
- Executed settlements on T+2 cycles, ensuring compliance with efficiency market standards.
- Oversaw end-to-end settlement processes including pre-matching, buy-ins, fails management, cancel & correct via agent bank platforms.
- Handled diverse settlement types: intercompany, domestic, exchange, and cross-border trades, coordinating with middle office to ensure timely booking and custodian release.
- Collaborated with Middle Office and Front Office to resolve discrepancies and cover short positions through internal transfers or external borrowings.
- Managed settlement adjustments including full/partial pair-offs, post-value date fails, and client payments for POs and FOP trades.
- Prioritized sensitive trades for London desk platinum clients, mitigating reputational and financial risks.
- Escalated critical issues on failing trades to leads and supervisors, ensuring proactive resolution.
- Validated claims for trades settled beyond contractual dates, maintaining compliance and accuracy.
- Conducted training sessions for new joiners, prepared SOPs, and enhanced team knowledge for operational consistency.
Senior Associate
eClerx Services Pvt Ltd.
05.2014 - 12.2014
- Drafted trade confirmations as per ISDA documentation standards.
- Processed complex derivatives trades including IRS, novations, and cross-currency swaps.
- Managed data extraction and validation from multiple client systems.
Senior Associate / Quality Analyst / Processor
State Street Syntel Services Pvt Ltd.
01.2008 - 04.2014
- Executed trade booking and pre-matching for global equity & fixed income markets.
- Led process migration from Munich (Germany), ensuring smooth knowledge transfer.
- Reviewed trade accuracy as a Quality Analyst, improving compliance with DTC & Fed guidelines.
- Generated daily/weekly MIS reports for senior management decision-making.
- Acted as liaison between brokers, custodians, and middle office teams.
Education
M.Com -
Pune University
01.2009
B.Com - undefined
Pune University
01.2006
HSC - undefined
Maharashtra Board
01.2003
SSC - undefined
Maharashtra Board
01.2000
Skills
Settlements Equity & FI Settling trades before deadline & updating daily comments on each trade until it gets fully settled
Fails Management Aggressively chasing internal teams & external counterparts to ensure fails trades are not kept open for a long time
Buy-ins Keeping an eye on exchange trades & actively chasing trades pertaining to settle exchange trades
PreMatching To avoid heat of same day trades ensured pre-matching is done with proper comments on each trade
Trade booking Guiding agents to book the trades correctly with reference to the European & US Markets
People Management Taking huddles & 1-0-1 meeting to understand challenges & gave solutions likewise Documenting all meetings to keep transparency among agents
Accomplishments
- Reduced 30+ fail trades to zero.
- Successfully led international process migrations (Ireland & Germany).
- Managed high-value trades and escalations with zero critical breaches.
- Improved team efficiency and reporting accuracy through structured tracking systems.
Additional Information
- Languages: English, Hindi, Marathi, Gujarati
- Certificates: NCC ‘B’ & ‘C’
- Passport: Available
Timeline
Process Supervisor
Accenture
09.2023 - 05.2025
Consultant
Mphasis
04.2022 - 01.2023
Associate / H Grade
Bank of New York Mellon
06.2021 - 04.2022
SME – OTC Derivatives
HCL State Street Pvt. Ltd.
06.2019 - 06.2021
Senior Financial Analyst
Wipro Pvt Ltd.
12.2014 - 05.2019
Senior Associate
eClerx Services Pvt Ltd.
05.2014 - 12.2014
Senior Associate / Quality Analyst / Processor
State Street Syntel Services Pvt Ltd.
01.2008 - 04.2014
SSC - undefined
Maharashtra Board
HSC - undefined
Maharashtra Board
B.Com - undefined
Pune University
M.Com -
Pune University