Magesh Kumar S

• Handled 2 teams - LEI ( Legal Entity Identifier ) and Fixed Income (New issues) with overall of 52 FTE's.
• Generated unique 20-character alphanumeric code legal entities that are involved in financial markets including transactions, reporting, and even supply chain based on verifying the entity registrations and legal documents.
• Worked with the Bloomberg platform to set up bonds and corporate actions as per client requirements in Fixed Income - New issues in all three regions ( EMEA, APAC and NAMER ).
• Set performance expectations and monitored progress toward goals.
• Provided constructive feedback to enhance team effectiveness.
• Developed team members’ skills through targeted coaching sessions.
• Conducted regular performance reviews to evaluate progress and achievements.
• Implemented streamlined workflows, reducing turnaround times.
• Enhanced team productivity by reviewing performance metrics.
• Collaborated with department leaders to align goals and improve operations.
• Mentored junior staff to develop leadership potential.
• Managed conflict resolution, fostering a positive work environment.
• Assisted in recruitment to build a team of high performers.
• Motivated team members to exceed targets through rewards and recognition.
• Encouraged professional growth and leadership development.
• Negotiated with suppliers to secure cost-effective resources.
• Generated detailed reports with findings and recommendations for improvement.

• Trade Review and Validation:

• Reviewed and validated various trades, including equities and FX trades.
• Gave priority to trades with high BPS impacts, high NAV impacts, or significant price variances compared to market prices.
• Reduced trade booking errors by 30% through proactive validation and corrective actions.
• Successfully minimized NAV errors by implementing a robust error tracking and resolution framework.

• Derivatives and Bonds Validation:

• Validated derivatives, swaps, F&O, FX, government bonds, and other bonds.
• Initiated corrective actions for wrongly booked trades, coordinating with the booking team for cancellation and rebooking at instructed prices.

• Daily Booking Responsibilities:

• Conducted daily INFL booking for government bonds with non-BGOV CUSIPs and ISIN.
• Executed daily Spot FX booking for a key client.
• Optimized the daily INFL booking process, reducing processing time by 25%.
• Streamlined Spot FX booking workflows, improving execution speed and accuracy.

• Verification and Error Resolution:

• Verified SWIFT and Fax instructions, promptly raising incorrect instructions with relevant teams.
• Ensured compliance with Luxembourg and Swiss regulations in trade processing.
• Ensured 100% compliance with Luxembourg and Swiss regulations in trade processing.
• Strengthened trade price validation processes, preventing discrepancies and financial losses.

• Technical Expertise:

• Utilized Bloomberg Essentials and macros for accurate trade processing.
• Verified exchange rates for FX trades, checked spot days for spot trades, and performed trade price checks with market sources.
• Developed macros and automated tools for faster trade validation using Bloomberg Essentials, improving processing efficiency by 40%.
• Enhanced exchange rate verification mechanisms, ensuring near-zero FX trade discrepancies.

• Error Management and Responsiveness:

• Proactively captured and corrected incorrect trades before deadlines.
• Took responsibility for NAV errors, preparing error memos and remedial actions to prevent future occurrences.
• Responded to incoming queries from processing teams, Fund accounting, and CDM teams, ensuring clear and timely responses.
• Successfully resolved 95% of trade discrepancies before deadlines, reducing financial risks.
• Provided real-time support to processing teams, Fund Accounting, and CDM teams, improving response times and issue resolution.

• Market Data Validation:

• Validated new issue trade prices using the BBG terminal and other market sources (DES, QR, QRM, HP, HCPI, CN, IDS, IDC, cross-vendor sources like Financial Times, Yahoo Finance).
• Monitored trades impacting or breaching agreed-upon tolerance levels.
• Implemented a robust trade monitoring system, ensuring timely detection of trades breaching tolerance levels.
• Improved new issue trade price validation accuracy, minimizing pricing errors by 20%.

• Order Placement:

• Efficiently placed orders on behalf of clients in both cash market and derivative segments.
• Achieved 99% order execution accuracy with minimal slippage in both cash and derivative markets.
• Reduced order processing time by 30%, enhancing trading efficiency and client satisfaction.

• Portfolio Management:

• Successfully managed portfolios for High Net Worth Individual Clients.

• Client Advisory:

• Provided valuable advice to clients, encompassing both cash market and derivative segment strategies.

• Database Management:

• Oversaw database management tasks for accurate and organized information.
• Streamlined database management, ensuring 100% data accuracy and compliance.
• Strengthened risk management frameworks, reducing trading losses by 18% through proactive surveillance.

• Performance Targets:

• Achieved budgeted targets in terms of customer acquisition, revenue generation, and asset management.

• Client Relationship Management:

• Extended client relationships beyond order placements, ensuring a holistic approach to client satisfaction.

• Surveillance and Risk Management:

• Coordinated with Surveillance and Research teams to decrease risks and enhance profitability for both clients and the company.

• Market Awareness:

• Stayed updated with national and international market news to make informed decisions.

• Settlement Operations:

• Successfully managed pay-in and pay-out of shares, ensuring smooth settlement operations.

• Amazon Chat Process:

• Managed customer issues related to products and services within the Amazon chat process.

• Efficiency and Timeliness:

• Successfully completed queries within the Average Handling Time (ATH), showcasing efficiency.

• Fraud Detection:

• Identified and addressed fraudulent queries promptly, particularly in the context of receiving refunds.

• Issue Resolution and Escalation Prevention:

• Effectively resolved issues, preventing manager-level escalations and ensuring satisfactory resolution.

• Collaborative Team Player:

• Actively contributed as a team player, enhancing communication skills and fostering a collaborative work environment.