Kartik Chettiyar
Mumbai mulund west
Summary
Dynamic finance professional with extensive experience at JP Morgan Chase, excelling in trade operations and client support. Proven ability to enhance team performance and resolve discrepancies efficiently. Strong communicator and quick learner, adept at implementing solutions that prevent penalties and ensure smooth settlements in high-value trades.
Overview
11
11
years of professional experience
Work History
Team Leader
JP Morgan Chase
03.2022 - Current
- Client support (middle office operation).
- Trade booking occurs when the client sends the trade file, and it also monitors the trade until it gets pre-matched and settled (equity and fixed income; also check repo trades for netting and pair-offs).
- Monitored team performance, identifying areas for improvement, and implementing corrective actions.
- Working as a bridge between FO and BO to identify issues related to unmatched or unconfirmed trades, and how to fix them.
- Checking the booking trades, and ensuring the trades are booked correctly, or flow down to the system, matched, and reconciled properly.
- Performing a preliminary investigation of trades on the basis of ISIN, TD, SD, Price, and Quantity, etc.
- Finding discrepancies in trades done with counterparties and reaching out to the concerned trading desk to get these discrepancies resolved.
- Handling client calls, addressing their queries effectively, and leading calls with various middle offices and counterparties to resolve issues on priority while obtaining their perspective on the matter.
- To prevent CSDR penalties, I started implementing work on matching trade VD-1.
- Buying knowledge on buy-in trade with priority and settling the trade before buy-in executions to avoid any financial penalties.
Business process analyst
Accenture
chennai
06.2020 - 02.2022
- Pre-trade confirmation, affirmation, and trade settlement (fixed income)
- Pre-matching trades, which are of high-profile clients, also ensure smooth settlement of high-value trades with constant discussion with clients and various counterparties.
- Identify potential breaks in a trade, and provide a complete root cause analysis for the same to prevent any future occurrences, also re-booking trades post-cancellations due to any modifications.
- FOP/DVP asset transfer support, assisting the client in the transfer process of assets, handling REPO trades settlement via netting and pair-offs.
- Worked on net off, pair off, reversal, and making cash payments to counterparties.
- Buy in: Worked on Buy-in Avoiding failing cost and penalty. Which fails because of discrepancy or short of position.
- Learned about CSDR penalty
Senior Specialist
State Street HCL Services
chennai
11.2019 - 05.2020
- Confirmation and affirmation of SSI from various brokers for fixed income and equities products.
- Making corrections in SSI follow-up and getting confirmation with CP.
- Reverse the old trade with the same details so that the cash entry reconciles.
- Fixing the root cause, i.e., updating the proper SSI and email ID of the CP for future STP flow.
- Set up the Standard Settlement Instruction in the system, performing a callback for SSI verification. Monitoring settlement transactions and coordinating with the back office to ensure timely settlement.
- Prepared dashboards on a daily basis.
- Prepared pivot on a daily basis.
- Prepared KRI and KPI reports.
- Responsible for sending the SOD and EOD reports to the client every day, which SSI we have updated as per broker requirements.
- Provide training to new joiners and train a number of people in the process.
Senior Finance Analyst
Wipro
Mumbai
12.2018 - 11.2019
- Executed pre-trade confirmation, affirmation, and settlement for equity and fixed income trades.
- Facilitated broker affirmation and confirmed preferred depositories for trade settlements: Euroclear and DTCC.
- Ensured smooth settlement of high-value trades exceeding 1 million EUR through consistent client engagement.
- Identify potential breaks in a trade, and provide a complete root cause analysis for the same to prevent any future occurrences.
- Ensure that there are no income losses due to operational inefficiencies, and address client escalations in a timely manner.
- Product (securities) types in which trades are booked: equity and bond
Finance Analyst
Eclerx services LTD
Mumbai
05.2017 - 11.2018
- Learn about how an investment bank is a financial services company that acts as an intermediary in large and complex financial transactions.
- Financial market, capital market, money market.
- The trade life cycle is the series of steps and processes used to execute and manage a financial trade.
- To review and confirm which shareholders are eligible to receive the declared dividend
- Dividend payout through the DTC market after confirmation from the client via email.
- Use of record date, pay date, value date, ex-date, and trade date to understand which shareholders are eligible to receive the declared dividend.
Associate Trainee
Indusind bank
Mumbai
10.2014 - 06.2015
- To confirm the customer or client on their savings, or current account opening, or onboarding.
- Check customer/client KYC.
- Assist clients with account inquiries and service requests, ensuring prompt resolution.
- Processed banking transactions using secure systems to maintain data integrity.
- Cross-selling banking products, credit cards, insurance, and Mediclaim.
Education
MBA - Finance
D Y Patil University School of Management
Mumbai04-2017
BAF - Accounting&Finance
Mumbai University, Bunts Sangha's SM Shetty College of Science And Management
Mumbai04-2014
Skills
- Good communication
- Team working
- Quick-learning
- Responsible nature
- Multitasking
- Discipline
Accomplishments
- Received appreciation from the client and from senior managers for performing all the activities
- Developed abridged standard operating procedures for easy reference for new joiners
- Received spot awards in team.
- Received monthly and quarterly awards
Personal Information
Activities
- Active Fun and sports Committee Member
- Participated in Various events like R & R, Annual Function etc.
Hobbies and interests
- Football
- Watching Movies
- Travelling
Timeline
Team Leader
JP Morgan Chase
03.2022 - Current
Business process analyst
Accenture
06.2020 - 02.2022
Senior Specialist
State Street HCL Services
11.2019 - 05.2020
Senior Finance Analyst
Wipro
12.2018 - 11.2019
Finance Analyst
Eclerx services LTD
05.2017 - 11.2018
Associate Trainee
Indusind bank
10.2014 - 06.2015
MBA - Finance
D Y Patil University School of Management
BAF - Accounting&Finance
Mumbai University, Bunts Sangha's SM Shetty College of Science And Management
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