Lakshmi R
Bengaluru
Summary
Detail-oriented and risk-focused professional with over 12 years of experience in FCM brokerage operations, specializing in risk control design, RCSA governance, and audit readiness. Proven track record in strengthening control environments through EBCE participation, broker fee reconciliations, settlement oversight, and exception management. Adept at cross-functional collaboration, issue remediation, and enhancing operational resilience.
Overview
10
10
years of professional experience
Work History
Senior Institutional Investment Ops Specialist
Wells Fargo International Solutions Pvt Ltd
Bengaluru
09.2023 - Current
- Led end-to-end RCSA lifecycle for FCM brokerage processes, updating control documentation and risk assessments.
- Served as audit point of contact for EBCE testing, managing walkthroughs and tracking remediation efforts.
- Conducted control design and performance testing for critical FCM billing processes including broker fee reconciliation.
- Collaborated with Internal Audit and BCM teams to address gaps identified during EBCE testing cycles.
- Automated reconciliation exception handling to reduce manual interventions and improve audit traceability.
- Presented control gaps and mitigation strategies to senior stakeholders and risk governance forums.
Investment Operations Specialist
Wells Fargo International Solutions Pvt Ltd
Bengaluru
10.2017 - 08.2023
- Tracked and processed brokerage invoices for listed derivatives, ensuring accuracy and compliance.
- Conducted reconciliations for electronic and manual transactions within settlement platforms, including Atlantis and GPS.
- Managed broker inquiries, collaborating with internal stakeholders to resolve issues efficiently.
- Performed GMI versus sub-ledger reconciliations to identify discrepancies in client accounts.
- Maintained strong relationships with brokers and clients to facilitate seamless operations.
- Participated in training and upskilling activities, enhancing team performance and resource planning.
Senior Analyst
State Street HCL Services
Coimbatore
04.2015 - 06.2017
- Processed all electronic and manual trade directives within the Derivatives Workstation (DWS) system accurately and on time.
- Reviewed work for accuracy, resolving data quality issues with Derivatives COE in North America.
- Reconciled daily futures margin calculations to total position by contract type and unrealized gain/loss.
- Prepared cash and collateral movements for approval by North America Derivatives COE or Quincy collateral team.
- Collaborated with IRCOE and fund groups to address derivative-related accounting inquiries.
- Completed month-end reconciliations to ensure financial accuracy.
- Responded to standard client requests from both internal and external stakeholders.
Education
MBA - Accounting And Finance
Jyoti Nivas College
Bengaluru, India05-2013
Bachelor of Commerce - Accounting And Finance
Baldwins Women's Methodist College
Bengaluru, India05-2011
Commerce - Accounting And Finance
Sacred Hearts Girls College
Bengaluru, India03-2008
Skills
- RCSA governance expertise
- EBCE audit experience
- Broker fee reconciliation
- FCM operations knowledge
- Regulatory compliance management
- Risk reporting and issue management
- Process automation design
- Cross-functional stakeholder engagement
Accomplishments
- Contributed to the successful transition and migration of the brokerage process from Charlotte as part of the Wells Fargo transition team
- Contributed to the successful transition and migration of the Derivatives Reconciliation Process from North America to State Street HCL Services
- Successfully cleared RCSA and EBCE cycles with minimal observations for two consecutive years
- Streamlined broker billing reconciliation process, reducing aging exceptions by 90%
- Led the control enhancement initiative post-EBCE, resulting in the uplift of 12 controls to an 'Effective' rating
- Played a key role in the development of the DOCS API, an in-house system designed to manage end-to-end commission discrepancy resolutions
- Brokerage expense automation for manual invoice reconciliation across various asset classes, like FX, listed options, OTC IR, and equity products
- Received the Manager Spotlight Award for outstanding leadership and contribution
- Earned the Spotlight Award in December 2022 at the Technology Run Fair for an impactful automation initiative
Languages
Telugu
First Language
Hindi
Intermediate (B1)
B1
English
Proficient (C2)
C2
Kannada
Proficient (C2)
C2
References
References available upon request.
Timeline
Senior Institutional Investment Ops Specialist
Wells Fargo International Solutions Pvt Ltd
09.2023 - Current
Investment Operations Specialist
Wells Fargo International Solutions Pvt Ltd
10.2017 - 08.2023
Senior Analyst
State Street HCL Services
04.2015 - 06.2017
MBA - Accounting And Finance
Jyoti Nivas College
Bachelor of Commerce - Accounting And Finance
Baldwins Women's Methodist College
Commerce - Accounting And Finance
Sacred Hearts Girls College
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