Lokesh Shede
Pune
Summary
With over 13 years of experience in the investment banking domain, I have developed strong expertise in various areas. Focus lies in regulatory reporting, specifically SFTR/MiFID II regulations, ensuring compliance and accuracy. Possess deep understanding of the trade life cycle, enabling effective navigation of complex processes. Reconciliations and collateral management are also within my skill set, successfully optimizing operational efficiency. Familiarity with DTCC further enhances ability to contribute to any organization in the investment banking sector.
Overview
14
14
years of professional experience
Work History
Assistant Vice President
Barclays Global Service Centre
06.2018 - Current
- Company Overview: Barclays Global service Centre, India is global capability centre, supporting Barclays businesses worldwide, delivering innovative end to end business solutions in Technology, Operations and Functions
- To ensure the timely and accurate regulatory reporting under MiFID II & SFTR guidelines
- Timely investigation & remediation of trade rejections & internal exceptions
- Root cause analysis of rejections & exceptions and advising on remedial solutions
- Consistent interactions with Business Analysts to facilitate partnering across markets to remediate regulatory issues identified
- Interacting and understanding various SFTR remediation issues with BA's & communicating same to Dev team
- Testing /Walkthrough of JIRA's going in technology release
- To bridge gap between BA's & technology to understand and implement regulatory requirements/changes
- Look at & work on Barclays submissions & accuracy as part of 3rd party vendor findings (E&Y / Pwc)
- To look into queries& escalations from regulators, compliance, business and making sure of quick and prompt response
- Liaise with APA/ARM -TRAX & TradeWeb/TradeEcho in order to manage daily reporting and queries and escalation from regulators/Business
- Perform daily queue monitoring and investigate exceptions arising due to system limitation/incorrect statics/incorrect logics built in internal reporting systems
- Monitor trade submission error logs, performing root cause analysis to ensure trades are reported within specified timeframe
- Liaise with relevant departments to assist with fixing regulatory reporting errors
- Navigate through multiple internal systems to identify and understand transaction discrepancies
- Ensure all regulatory operational processes are sufficiently documented
- Liaise with front office business stakeholders, compliance, legal & IT as required
- Co-ordinate and respond to various testing requirements as per MiFID II guidelines/changes
- Ensure correct & accurate reporting on behalf of clients for SFTR & EMIR CDR
- Resolve client queries on completeness, accuracy & timeliness
- Liaise with BA's & priority JIRA list for technology to remediate client facing reporting issues
- Dissemination of weekly / Monthly MI to all stakeholders
- Co-ordinate with different internal team to ensure smooth and accurate reporting is done for clients for SFTR & EMIR
- Barclays Global service Centre, India is global capability centre, supporting Barclays businesses worldwide, delivering innovative end to end business solutions in Technology, Operations and Functions
Team Manager
Deutsche Bank
11.2014 - 06.2018
- Company Overview: Deutsche Bank AG is a German global banking and financial services company with its headquarters in the Deutsche Bank Twin Towers in Frankfurt
- It has more than 100,000 employees in over 70 countries, and has a large presence in Europe, the Americas, Asia-Pacific and the emerging markets
- DB services include investment banking, institutional equities broking, asset and private wealth management, retail banking and business processes outsourcing
- In Stock Loan Collateral Management (Exposure) team, managing Daily stock borrow lending for DB by reviewing their accounts (Collateral balance) post mark-to-market daily pricing with different counterparties investment banks
- Managing Credit Risk with counterparties on daily basis
- Maintaining them to lowest agreed levels
- Resolving Contract Compare breaks with counterparties
- Ensuring the Nostro reconciliation, FOBO breaks is duly performed on a timely basis
- Liaising with Desk on continuous basis for timely settlement of Non Cash collateral cover
- Handling of Cash, Cash pool & Non cash accounts and managing daily account coverage
- Monitoring daily settlements of trades relating to stock borrow & lending which are agreed between our desk and counterparty desk
- Responding to and issuance of daily margin calls (exposure) with different counterparties
- Resolution of ad-hoc queries such as cash pool difference, price break, settlement break received from the external counterparties
- Use of Bloomberg to identify price breaks in contract compares
- Non cash collateral involves pledging and taking back of capital market securities (government bond, equities, corporate bonds etc) as collateral on the basis of their asset class (Ratings), adjusting their concentration limits as to minimize the collateral portfolio default risk
- Advising trading desk and Settlement team on Stock Inventory positions (shorts/fails)
- Monitoring the complete cycle of trades related to SBL agreed by our trading desk with different counterparties
- Managing other transactions like Repos, Money Borrow or Loan & their daily exposure management as well
- Building strong relationships with counterparties & internal stakeholders ensuring two-way communication and feedback
- Deutsche Bank AG is a German global banking and financial services company with its headquarters in the Deutsche Bank Twin Towers in Frankfurt
- It has more than 100,000 employees in over 70 countries, and has a large presence in Europe, the Americas, Asia-Pacific and the emerging markets
- DB services include investment banking, institutional equities broking, asset and private wealth management, retail banking and business processes outsourcing
Sr. Analyst
Credit Suisse-Wipro
01.2011 - 11.2014
- Company Overview: Credit Suisse Group is a world-leading financial services company, advising clients in all aspects of finance, around the world, around the clock
- Credit Suisse mainly operates in three global divisions - Private Banking, Investment Banking and Asset Management
- The three divisions are supported by Shared Services
- In Stock Loan Collateral Management team, managing Daily stock borrow lending for Credit Suisse by reviewing their accounts (Collateral balance) post mark-to-market daily pricing against different counterparties like, Goldman Sachs, State Street, BNY
- Monitoring daily settlements of trades relating to stock borrow & lending which are agreed between our desk and counterparty desk
- Responding to and issuance of daily margin calls (exposure) with different counterparties
- Resolution of ad-hoc queries such as cash pool difference, price break, settlement break received from the external counterparties
- Use of Intellimatch application to perform Nostro and Global One vs
- PeopleSoft Reconciliation
- Cash collateral involves pledging and recalling funds held as collateral for stocks borrowed or loaned, maintaining credit risk management through applying daily mark-to-market on all outstanding positions
- Non cash collateral involves pledging and taking back of capital market securities (government bond, equities, corporate bonds etc) as collateral on the basis of their asset class (Ratings), adjusting their concentration limits as to minimize the collateral portfolio default risk
- Ensuring the Nostro reconciliation is duly performed on a timely basis
- Advising trading desk and Settlement team on Stock Inventory positions (shorts/fails)
- Credit Suisse Group is a world-leading financial services company, advising clients in all aspects of finance, around the world, around the clock
- Credit Suisse mainly operates in three global divisions - Private Banking, Investment Banking and Asset Management
- The three divisions are supported by Shared Services
Education
MBA - Finance
The IBMR College
01.2010
B.Com -
University of Pune
01.2005
HSC - undefined
Maharashtra Board
01.2002
SSC - undefined
Maharashtra Board
01.2000
Skills
- Regulatory Reporting
- Collateral Management
- Reconciliation (FOBO/ Nostro)
- User Acceptance Testing Coordination
- Understanding of SQL Queries
Accomplishments
- Driven project to setup 'SFTR Client Queries' team in Pune/London post SFTR Go-Live. Worked on various internal checks/Controls in place.
- Implemented control in place to identify and rectify stale positions from DTCC Trade State Report.
- Developed a tool to 'EXIT' positions which were not reported successfully to DTCC.
- Driven a project with Front Office support on missing Corporate Sector Code as part of EMIR REFIT. Rejections faced on back of it.
- Worked with team to successfully setup Pairing & Matching process.
- Automated various internal weekly MI's published to stakeholders.
Personal Information
Date of Birth: 10/09/84
Timeline
Assistant Vice President
Barclays Global Service Centre
06.2018 - Current
Team Manager
Deutsche Bank
11.2014 - 06.2018
Sr. Analyst
Credit Suisse-Wipro
01.2011 - 11.2014
HSC - undefined
Maharashtra Board
SSC - undefined
Maharashtra Board
MBA - Finance
The IBMR College
B.Com -
University of Pune
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