Manish Joshi
Mumbai
Summary
To Pursue Career in Capital Market with specialization in Listed Derivatives/Custody, Clearing & Settlement., Currency and Cash Equities Segment.
Managing Trading as well as Clearing Risk of Institutional Clients through vendor based applications like Omnesys, GreekSoft etc. and various in-house applications.
Single Point of contact for handling clients queries relating to positions, margins or any other related to trading/clearing functions.
Overview
17
17
years of professional experience
1
1
Certification
Work History
Clearing & Settlement/Risk & Regulatory Management
Kotak Securities Ltd.
09.2015 - Current
- Managing Risk of all Institutional Clients that includes Trading as well as Clearing/Settlement Risk
- For Trading Risk, managing terminals like Omnesys, Greeksoft etc
- And for clearing risk got developed in-house RMS application
- Handling all latest regulatory developments prescribed by SEBI/Exchanges for all products Cash Equities/Derivatives/Currency
- Regularly interacts with regulators and peers to understand the impact of regulatory changes in day-to-day activities
- Keep Business and Clients apprised of all new updates and developments in India Market
- Interacts with internal technology team, as well as vendors, for system developments as required by business, clients, regulators, etc
- Conduct frequent training sessions for cross-functional teams to provide them insights on risk management as well as clearing and settlement functions across all products
- Handles audits and inspections by Internal Auditors as well as by regulators
- Keep recommending SEBI, Exchanges and CC's on any upcoming regulatory changes floated via consultation papers
- Coordinates with client's custodian in case of escalations like high-value trades getting converted to DVP, Auction/Closeout of trades, if any, etc
- Coordinates with PCM's/Clearing members in case of any breach observed, such as peak margins, BAN violation, Position Limit Breach, etc
- Handled all clearing, settlement and risk related functions
Risk Management (Derivative/Currency Segment) and Cash Equities
Nomura Financial Advisory and Secs. (India) Pvt. Ltd.
12.2012 - 09.2015
- Key Responsibilities: Derivatives, Currency Segment, Cash Equities
- Front Office:
- Position Limit Monitoring of Institutional Clients (like FPI's/MF's) as per guidelines stipulated by the regulatory authorities
- Monitoring of requisite margins of clients as required by exchanges
- Continuous interaction with clients for fund transfers and other related queries
- Handling front office and regional queries, and updating them about position limits
- Liaising with regulatory bodies - NSCCL, NSE, MCX-SX, MCX-SX CCL
- Reconciliation and confirmation of trades with the exchange pertaining to our clients as per stipulated timeliness
- Risk management of clients was done through RMS software called Precision, which is designed and developed by TCS
- Back Office:
- Preparation of daily End of Day Reports containing clients' trades, position details, and available funds
- Settlements of trades on T+1 basis which includes pay-in and pay-out of funds to NSCCL
- Maintenance of accounts (ledgers, account reconciliation) for all clients
- Regulatory Reporting to Exchange on a daily basis
Risk Management (Derivative/Currency Segment)
Nuvama Wealth Mgmt. (Former Edelweiss Securities Ltd.)
04.2010 - 11.2012
- Company Overview: Nuvama Wealth Management (Former Edelweiss Securities Ltd.) is registered as a trading cum clearing member in the FNO Derivatives/Currency segment in NSE, MCX-SX, and BSE
- It acts as a trading member in the Equity segment of NSE, MCX-SX, and BSE
- Key Responsibilities: Derivatives/Currency Segment
- Position Limits Monitoring/Margin Monitoring:- Handled complete Risk Management of Institutional clients (like FPI's/ MF's etc.) and non-Institutional clients like Domestic body corporate
- Interacting with them to understand requirements and get it developed in the system
- Systems used were for RMS it was “Protector” designed and developed by Financial Technologies (India) Ltd
- And Back-office activities were done through applications called “CLASS” and LD (Lidha-Didha)
- Back Office:
- Preparation of daily End of Day Reports containing Clients trades, Position Details and available funds
- Settlements of trades on T+1 basis which includes pay-in and pay-out of funds to NSCCL
- Maintenance of accounts (ledgers, account reconciliation) for all clients
- Nuvama Wealth Management (Former Edelweiss Securities Ltd.) is registered as a trading cum clearing member in the FNO Derivatives/Currency segment in NSE, MCX-SX, and BSE
- It acts as a trading member in the Equity segment of NSE, MCX-SX, and BSE
Risk Management (F&O/Derivative Segment)
ICICI Bank Ltd
11.2007 - 03.2010
- Company Overview: ICICI Bank is a Professional Clearing Bank (PCM) for derivatives trades in National Stock Exchange (NSE) and Bombay Stock Exchange (BSE)
- ICICI Bank mainly caters to FIIs, Mutual Funds and Trading Members clearing through them
- For RMS, systems used were Protector and Back Office processing was done through software called ‘MATCH' which is developed by Financial Technologies (India) Ltd
- ICICI Bank is a Professional Clearing Bank (PCM) for derivatives trades in National Stock Exchange (NSE) and Bombay Stock Exchange (BSE)
- ICICI Bank mainly caters to FIIs, Mutual Funds and Trading Members clearing through them
- Awarded for setting up currency segment in ICICI Bank PCM when it was launched in 2008
Education
Chartered Accountant - Accounting and Finance
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
11.2006
Chinai College of Commerce & Economics
Mumbai, Maharashtra03.2001
Secondary School Certification -
O.L.N High School
Mumbai, Maharashtra03.1996
Skills
- SQL Server 2005
- Oracle Backend-SQL
- Word
- Excel
- PPT
Certification
NISM Module, 81.00%
Languages
English
Advanced (C1)
Hindi
Advanced (C1)
Gujarati
Advanced (C1)
Timeline
Clearing & Settlement/Risk & Regulatory Management
Kotak Securities Ltd.
09.2015 - Current
Risk Management (Derivative/Currency Segment) and Cash Equities
Nomura Financial Advisory and Secs. (India) Pvt. Ltd.
12.2012 - 09.2015
Risk Management (Derivative/Currency Segment)
Nuvama Wealth Mgmt. (Former Edelweiss Securities Ltd.)
04.2010 - 11.2012
Risk Management (F&O/Derivative Segment)
ICICI Bank Ltd
11.2007 - 03.2010
Chinai College of Commerce & Economics
Secondary School Certification -
O.L.N High School
NISM Module, 81.00%
Chartered Accountant - Accounting and Finance
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
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