Summary
Overview
Work History
Education
Skills
Timeline
AdministrativeAssistant

MAHESH KUMAR. T. D

Executive Director
Hyderabad

Summary

Highly accomplished and decisive Senior Executive with 20+ years of progressive financial and operational experience in Investments/Retail banking. Demonstrated success streamlining business operations including, trade settlements, Accounting, Reconciliation, Risk & Integrity, Payments processing, Trade enrichment, Middle office operations, Risk governance and Automations. Results driven resourceful problem solver with proven track record.

Overview

20
20
years of professional experience

Work History

Executive Director

Wells Fargo
05.2022 - Current
  • Head of ARCOE (Account Reconciliation center of excellence) for India location. Managing a staff of 100+ employees including VP’s, AVP’s and Managers.
  • Managing Cash management services, Cash optimization services and Unclaimed property of customers.
  • Established a collaborative partnership with onshore teams driving strategic decision making and ensuring smooth execution of high impact initiatives.
  • Traveled to US to analyze business operations and collaborate with partners. Then successfully transitioned the process to India achieving 100% accuracy.
  • Successfully transitioned and stabilized four complex processes from stateside.
  • Managing a 1 billion reconciliation process, ensuring compliance and mitigating financial risk
  • Built a high trust engagement model, creating transparency and proactive issue resolution between offshore and onshore teams.
  • Collaborating with Senior leadership and automation teams to implement solutions for transaction processing.
  • Strong negotiator with onshore partners, driving initiatives. implementing new strategies and ensuring seamless execution for business success.
  • Established a monthly business framework, fostering strong alignment between operations and strategic goals.
  • Drove 99.58% accuracy in reconciliation & cash management processes, exceeding the target and ensuring sustainability.
  • Implement and enhance the operating model to optimize efficiency, risk mitigation, and process accountability.
  • Developed and led a high performing team, mentoring rising leaders and enhancing overall execution.
  • Key Accomplishments:
  • Successfully transitioned six processes from the U.S, seamlessly and without any issues.
  • Identified and implemented RPA ideas that resulted in a savings of 5 FTEs.
  • Led the banking operations team as the site leader for six months.

Ops Manager

Bank Of America
10.2016 - 04.2022
  • Managing a staff of 50 analysts, providing guidance on accounting, reconciliation, technical and managerial issues.
  • Handling huge data and well versed with Tableau software
  • Maintaining updates and daily transaction reconciliation of cash and position in fund accounts. Ensuring accurate reporting to client on daily basis.
  • Resolving cash and position related breaks to matchup with custodian/Broker data
  • Conducting weekly and biweekly client and NAV calls to discuss issues on escalated items and other recon related issues.
  • Produced financial statements, reviewed the accuracy of its calculations and other external returns.
  • Keeping track of all corporate action activities like Dividends, Bonus issue in funds to process the necessary JE postings in books.
  • Monitoring onboarding new clients and setting up fund information into investor dashboard and setup the new investor in insight.
  • Ensure compliance with current regulatory requirements.
  • Monitoring Regulatory reporting of recons are processed accurate and within TAT.
  • Organization risk and Controls (ORNC) reporting of data on weekly basis to assist the risk within the process.
  • Ensuring end of month balance sheet substantiations is performed and reported accurately for regulatory reporting.
  • Monitoring Audit requests (External /internal) providing required evidences to ensure process is compliant. Raising AIAI if required and establish controls in process to overcome the observations. Detailed report submissions to senior stake holders.
  • Liaising with payments team for processing of Cash as per currency cutoffs.
  • Building relationships and collaborating with key stakeholders to drive process governance related to risk and integrity.
  • Vigilance/Identify SIAI (Self-Identified audit issue) and place controls to mitigate the risk in advance.
  • GRG (Global recon governance) requests are taken care and required documentation is provide to oblige with global requirements which in turn is reported to regulators.
  • Managing work allocation among the team and ensure back up and BCP plans are in place.
  • Analysis of OD errors and placing enough control & monitoring mechanism to over those errors. Identifying and providing required trainings if any gap has been detected.
  • Expert in project initiation, implementation and go live phase, played various roles like Business analyst, Delivery manager, Management projects SPOC, analysis design and UAT/OAT testing of Reconciliations and technology changes
  • Good knowledge on Agile methodology and function.
  • Key Accomplishments:
  • Designed risk frame work for couple of manual reconciliations
  • Automation of manual recon to full integrity recons and moving to fully automated platform.
  • Reduction of feed issues from upstream systems\flows.

Ops Manager

Wipro/UBS
05.2008 - 10.2017
  • Managed integral part of trade life cycle, ensuring flow (below) is not broker and STP enhancement.
  • Trade execution -> Trade capture -> Confirmation -> Funding -> Settlements -> Reconciliation
  • Review of market volumes on a daily basis and highlight the potential risks, issues to higher management before the deadlines, criticality and complexity of the assignment.
  • Managing trade flows across markets and ensuring trades are settled within the market cut-off. Also ensure all the short positions are covered to manage the risk across markets, avoid buy-in and fines
  • Ensuring all the risky/management reports are sent on time to respective stake holders to ascertain the risk in the process and work together to mitigate the risk before cut-off.
  • Managing Global reconciliations unit which uses TLM (Transaction Level modelling) to reconcile all stock and cash breaks (Depot/Nostro).
  • Ensure all the high value breaks are escalated and resolved within the agreed timelines
  • Work closely with teams - IT/ Front/Middle/Back office/Custodians to evaluate risks and resolve downstream failure of transactions.
  • Single point of contact for network managers across markets. Ensure all the reports and statements are sent accurately and in timely basis
  • Weekly reporting of aged trades to Onshore Management and ensuring risk is covered on those trades. Analysing the root cause of the failing trades and taking necessary steps to fix the issues from root so that trades will flow STP.
  • Support the Trading Desk with any queries related to market, new client on-boarding, settlement, P&L, and client escalations.
  • Understanding the settlement efficiency in the market with the help of agent and identifying the reason for the fails, fixing issues and thereby increasing efficiency in the market and avoid fines/penalties for the bank.
  • Key Accomplishments:
  • Have initiated and successfully completed lean project in Spain market which lead to increase in STP rate and saved approx. $ 100K PA to bank
  • Successfully integrated processes within settlements which resulted in waste elimination & increase in STP rate. Also resulted in FTE benefit.
  • Have initiated Macro in Broker Matching process which helps to identity discrepancies on T+1.
  • Initiated Macro in Payments process to bulk upload payments with accuracy and avoid risk of manual input.

Process Analyst

ADP/ Broadridge
10.2006 - 05.2008
  • Pricing securities in client database after through researching from various vendor sources like Bloomberg, Telekurs, S&P, IDC, Reuters & EJV.
  • Analysing price variances for securities on a day to day basis and updating the client.
  • Updating client on the corporate action events and reason for the fluctuation in the price of the security.
  • Processing & Maintaining PWM (Private wealth management) Accounts for the securities on the daily basis.
  • Reconciliation of client database with PWM accounts, passing necessary amendments in the PWM accounts and informing onshore.

Process Associate

Genpact
08.2005 - 10.2006
  • Working on JD Edwards (Accounts payable)
  • Vendor Reconciliation & Analysis.
  • Working on all Accounts payable queries (AP remedy)
  • Investigation on the queries raised by clients and resolving the issues before the TAT.
  • Ensuring the payment is processed to client on timely basis after receiving the approvals from respective stake holders.
  • Passing necessary corrections entries for the errors.
  • Escalating Incorrect PO to onshore so that payment is not processed on these.
  • Setting up of static for clients and escalating incorrect PO to onshore and respective stake holders to check and take corrective actions.
  • Maintaining PWM (Private wealth management) accounts and ensuring data is accurately captured in the books.

Education

Master of Business Administration (MBA) -

Osmania University

Bachelor of Commerce (B.Com) - undefined

Osmania University

Intermediate - undefined

IPE Board

X - undefined

CBSE, Atomic Energy Central School

Skills

Reconciliation

Timeline

Executive Director

Wells Fargo
05.2022 - Current

Ops Manager

Bank Of America
10.2016 - 04.2022

Ops Manager

Wipro/UBS
05.2008 - 10.2017

Process Analyst

ADP/ Broadridge
10.2006 - 05.2008

Process Associate

Genpact
08.2005 - 10.2006

Bachelor of Commerce (B.Com) - undefined

Osmania University

Intermediate - undefined

IPE Board

X - undefined

CBSE, Atomic Energy Central School

Master of Business Administration (MBA) -

Osmania University
MAHESH KUMAR. T. DExecutive Director