Jessica Crasto
Mumbai
Summary
Experienced reconciliation specialist with a keen eye for detail, boasting a decade of hands-on experience and a strong work ethic. Driven by self motivation,consistently delivering high-quality outcome aligned with demanding objectives and timelines. Proficient in decision-making, deadline management and team assessment and committed to enhancing company growth and performance.
Overview
11
11
years of professional experience
Work History
Director
Morgan Stanley Advantage services
Mumbai
08.2013 - Current
- Day to day management of the T+1 listed derivatives reconciliation (Trade Control) team
- Team is primarily responsible for identification and resolution of any trade, cash or position breaks between Morgan Stanley and Exchange/Broker books and records
- Team acts as first line of defense for firm against risk (Financial, Reputational and Regulatory)
- Reconciliation preparation using firm (TREC) and Sherlock (reconciliation tools)
- Provide coverage to European markets such as ICE (Inter Continental Exchange) ,EUREX, EURONEXT, OMX NASDAQ, London Metal Exchange, IDEM ( Italian Derivatives Market), Turquoise (London Stock exchange), North American markets such as CME Group markets and many others
- Investigation and resolution of identified breaks
- Responsible to share breaks notification to various stakeholders & TSG teams
- Also, liaison with teams in various locations for resolution of breaks
- Additionally, provide the stake holders an update on the volumes of the discrepancies on MS vs
- Exchange statements on daily basis
- Products Handled – All Exchange traded Derivatives (Futures & Options on Equity, Bonds, Commodities, Power and Gas, Index etc) Critically analyse and improve on control/risk environment
- Preparing and maintaining Risk metrics and highlighting the risks for all ageing Issues
- Owning risk packs and participating in Global Risk calls
- Deep dive on breaks-reason codes & root cause analysis
- Critically analyze & improve on control/risk environment
- Preparation of Weekly / Monthly break analysis to discuss with the stakeholders to identify trends and ways to reduce volume of discrepancies
- Conducted team2team training session across DC ops globally highlighting the current process performed by the team and efficiencies achieved throughout the year
- Project Management: Heavily involved in various RTB (Run The Bank) and CTB (Change The Bank) projects aiming at major goals for the firm (a) Risk Control, (b) Cost Reduction and (c) better work-life balance for the team
- People Management that includes Hiring, On boarding new Staff, Creating Training Plans, Depth chart maintenance, Career Management, Leave Management, capacity utilization and performance Reviews.Coordinated resources across departments to maximize productivity levels.
Education
MBA - Accounting And Finance
Welingkar Institute of Managment
Mumbai05-2016
T.Y.B.COM.(A&F) -
St. Andrew’s College, Bandra (W), Mumbai, Mumbai
01.2013
H.S.C -
St. John the Evangelist High School, Andheri (E), Mumbai
01.2010
S.S.C -
St. John the Evangelist High School, Andheri (E), Mumbai
01.2008
Skills
- Reporting oversight
- Operations Planning
- Innovation management
- Data Analytics
- Partnership Development
- Operations Management
- Strategic Planning
- Talent Development
Additional Qualifications
- NCFM Certification – Financial Markets: A Beginner’s Module
- NCFM Certification – Capital Markets: Dealers Module
- NCFM Certification- Derivatives market: A Beginner’s Module
- Nominated by Morgan Stanley for the following courses: CISI Certification –Derivatives academy, Associate Lead Program, Asia Regulatory Risk Academy (ARRA) Program
Personal Information
- Date of Birth: 01/26/93
- Gender: Female
- Nationality: Indian
Languages
- English
- Hindi
- Marathi
Accomplishments
Ø Helped firm to achieved 450k yearly cost saving by migrating all LD cleared reconciliation to an in-house developed tool and decommissioning legacy reconciliation tools.
Ø Have been a part of several working groups relating to migrations for Mifid 2,Brexit & other regulatory changes
Ø Played a key role in developing a new reconciliation tool (Sherlock) which has helped reduce the workaround time in the day to day process by 50%.
Ø Have played an effective role in migrating a USLO process from Singapore to Mumbai and also training a team in Bangalore on the current process.
Ø Have been nominated for the Asia Star Rewards & Recognition program for the pivotal contribution made to clear the elevated break volumes experienced in Mar 2020.
Timeline
Director
Morgan Stanley Advantage services
08.2013 - Current
MBA - Accounting And Finance
Welingkar Institute of Managment
T.Y.B.COM.(A&F) -
St. Andrew’s College, Bandra (W), Mumbai, Mumbai
H.S.C -
St. John the Evangelist High School, Andheri (E), Mumbai
S.S.C -
St. John the Evangelist High School, Andheri (E), Mumbai
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