Mazhar Hussain Shaikh
Financial Services - Senior Associate
Bengaluru
Summary
8 Years’ experience in Investment Banking Operations with knowledge in Collateral Management, OTC Derivatives Agreement & SSI Configuration. Detail-oriented team player with strong organizational skills. Ability to handle multiple projects simultaneously with a high degree of accuracy.
Overview
10
10
years of professional experience
6
6
years of post-secondary education
Work History
Senior Associate
07.2016 - Current
- Global Markets Operations
- Sub Division, Perform outreach and onboard clients on Collateral Margin & Valuation platform primarily focusing on Clients in- scope for Uncleared Margin Rules Regulation including Variation & Initial Margin
- Liaising with Legal, Client Onboarding, Counterparty Risk management, Treasury Ops, Liquidity Ops, Bank Relations and External Custodians to complete Initial Margin Onboarding for Broker/Dealers & Funds with AANA threshold above 8 Billion USD/EUR
- Configuration of overall Margin terms configuration including Documentation, Settlement Configuration, Margin
- Reporting and Custodian Onboarding for all Regulatory in-scope Clients
- Monitoring & Remediation of Regulatory trade breaches of Margin Rules by liaising with Legal, Compliance, Sales
- Desk & Regulatory Control Management team
- Facilitate Collateral Amendment for clients undergoing Corporate Action including Merger, Fund Restructuring,
- Segmentation Margining & Novation
- Recommend clients on Acadia Onboarding subscription for efficient daily collateral margining & portfolio reconciliation
- Facilitating DTCC ALERT service functionality Demo on behalf of Client Onboarding representative for prospect clients
- Achievements:
- Repapered ~1100 Clients from Goldman Sachs UK Entity to its European affiliate entities as part of Brexit Client
- Migration Strategy involving more than 10K margin Portfolio configuration
- Successfully on boarded 3K+ Broker-Dealer Clients & Funds in-scope for Uncleared Margin Rules Regulation during
- Phase 1- 6 covering 7 years of transition period
- (Started Sept’16 for every year)
- Tested & Integrated unique connectivity mapping for Top Market custodians into internal GS systems allowing automation of collateral SWIFT Delivery and automated EOD collateral holding's reconciliation saving 4 hours of manual effort on each fund onboarding and 30 minutes of time-save on every margin call issuance/collateral reconciliation overall
- Automated Collateral & Custody Reconciliation accounts opening for collateral Margin clients in partnership with
- Reference Data Engineering eliminating manual time spent on account validity which has resulted into 50k+ & going automated client collateral account creation since go-live
- Collaborated with Treasury Engineering, Reference Data Engineering & DTCC Alert to introduce ALERT SSI
- Automation Functionality in GS Payment & SSI Database system for Cash & Security Instruction setup which has automated the setup of SSI in the system including automation of future SSI changes for clients leveraging DTCC
- ALERT portal to store their SSI resulting in no manual intervention and an hour of time-save on each Client SSI setup in the system
- Successfully integrated Settlement Cash Instructions of 2.5K clients for Variation Margin clients by collaborating with
- Treasury Engineering and DTCC ALERT resulting in a save of 140 days of effort of Manual Cash Instruction authentication & setup
- Identified and reduced additional Collateral posting to Euroclear with the setup of Termination currency profile for
- Regulatory Compliant Clients in 2 weeks resulting 520 million USD save in Treasury funding across Goldman Sachs
- Entities
- Sub Division: Income & Expense Management
03.2015 - 06.2016
- Settling vendor invoices and all intercompany transaction settlements across all divisions of the bank and ensuring timely payments with our agent banks
- Ensuring expenses of vendors are allocated to the respective business divisions
- Resolving disputes of vendors in regards to partial payment, remittance confirmation, Form 16A and transaction based reports
- Remitting payments to International vendors in relation to imports of goods and services through A1 and A2
- Certification
- Sending daily payments report to the agent bank for payments to be made and outstanding payments report to the management
- Meetings with internal and external stakeholders for performance discussion and any challenges in regards to payment settlements
- Achievements:
- Obtained Foreign Account Tax and Compliance Act (FATCA) documentation from 40,000 active vendors in the firm in a span of less than 4 months in my first project
- On boarded 70 percent of Technology, Legal, Facilities & HCM Business Divisions of the firm in the automated Invoicing payment tool in 2 months of time which resulted in efficient and effective accountability of books in my second project
- Successful integration of Swachh Bharat Cess in the invoicing payment system and timely implementation in our payments from the effective Cess date in my 3rd
- Project.
Fraud Relations Advisor
Serco Global Service Private Ltd
04.2013 - 03.2015
- Process: Client Audit and Risk
- Responsibilities,
- To pro- actively identify suspicious transactions on client’s account
- Helping the Clients by Blocking their Debit Card if Fraud Confirmed
- Actively Setting up an Investigation Process to trace the core of fraud reasons with due diligence
- Preparing daily, weekly and monthly reports which include the details of various task performed at our end during the period
- Contributing in preparation of Team Performance Reports, presented to Clients by Team Leads
- Actively participating in Team Meet, held either to discuss some critical issues faced by the team or for training on some newly discovered cases.
Education
Graduation - Commerce
Mumbai University
01.2010 - 04.2013
H.S.C - undefined
R.K. College
01.2007 - 04.2009
S.S.C - undefined
Divine Child High School
Skills
Microsoft OfficeAcadia Margin SphereDTCC ALERTJIRAMarkit360Euroclear EasywayClearstream XACT/Creation OnlineBNY Mellon Nexen/Access Edge
Finance
Cash flow management
Accounting proficiency
Cash reconciliation
Process implementation
Timeline
Senior Associate
07.2016 - Current
03.2015 - 06.2016
Fraud Relations Advisor
Serco Global Service Private Ltd
04.2013 - 03.2015
Graduation - Commerce
Mumbai University
01.2010 - 04.2013
H.S.C - undefined
R.K. College
01.2007 - 04.2009
S.S.C - undefined
Divine Child High School