Mohammed Abid
Trade support expert
Ajmer
Summary
Executive Profile:
- An experienced and well maintained professional having 9 years of experience having strong understanding of Trade life cycle ,Pre-trade/Post-trade processing and reconciliation.
- Exceeded the financial objectives of represented clients; assessed risk tolerance and investment/risk-management goals to recommend solutions optimally suited to client needs.
- Excellent communication skills and ability to interact with stakeholders across different teams.
- Detail-oriented team player with strong organizational skills. Ability to handle multiple projects simultaneously with a high degree of accuracy.
Overview
11
11
years of professional experience
5
5
years of post-secondary education
2
2
Languages
Work History
Team Leader
Bank of Amarica
12.2021 - Current
- Team leader and SME in Confirmation/Allocation (Middle-office) process , Making sure trades are allocated timely on correct fund with correct static and confirmations are sent to client as soon as trade is booked.
- Setting up new funds based on request received from client on-boarder team/trades and also setup Security lending XTAS/account for smooth workflow of shares moving in and out.
- Supporting daily trading activities on the desk,working directly with Traders and Trading Managers.
- Involved in reconciliation of Bank SL and nostro accounts, journal ledger adjustment, posting and clearing, month-end closing and signing off the accounts as well as cross currency (Foreign Exchange) reconciliations of accounts.
- Pre matching & matching trades on VD-1 & VD with counterparties. Trades which are unmatched are to be identified, researched an actioned for resolution.
- Inform trading desk about any discrepancy/issue on trades prior to settlement date to avoid any CSDR penalty.
- Settle failing trades by liaising with various external clients, brokers, local agents & custodians.
- Researching on trades which are not recognized by CP and checking is it a valid and following the escalation procedure to make sure that trade settled on the same day or cancelled.
- Interact daily with the back office, counterparties, traders, corresponding banks, immediate supervisors, and the finance desk.
- Pre-matched and tracked trade and settlement of fixed income products prior to settlement date by determining the appropriate collateral.
- Ensure that there are no segregation violations as per SEC regulations and fines imposed by regulators are well prescribed standards
- Making sure trade feeds with correct details to internal systems to ensure settlement and P&l aren't impacted .
- Supervising Buy-In’s & interest claims; executed daily/weekly/monthly risk review with senior management
- Monitoring settlement fails, position (trading account) reconciliation, tri party broker matching and reconciliation; conducting P&L break research, position break flagging and categorization.
- Perform telephone confirmations on transactions due for settlement/matching.
- MIS, reporting of operational and trading exposures to management.
- Covering the Higher Volumes at the time of New IPO, Exchange trading volatility and corporate actions.
- Involved in setting up F2B reconciliation between front office systems and subledger (books and records )
- Having knowledge of swift messages, validating incoming/outgoing payments. Working with custodians to ensure correct and timely settlement of cash.
- Supporting trading desk in counterparty relationships and ensuring that quality information flows across business.
- Flexible in attitude and approach and be willing to work extra hours during the week with overflow of volume and to provide cover for holidays planned and unplanned.
Process Supervisor
Deutsche Bank
12.2017 - 12.2021
- Ensuring and Facilitating trade management for timely settlement of client’s and Broker trades.
- Responsible for prioritizing high value trades (HVS), Record date trades and Buy-in issues.
- Investigating all Agent unmatched trades and requesting for any amendments to Front Office, prior to booking into the risk systems covering PAN European Markets (including UK Crest) unmatched and alleged.
- Noting of all trades / Task in the system within time as per noting conventions.
- Interacting (Calls & Mails) with Clients / Brokers to clear any Discrepancy on the trades.
- Working in a team ensuring timely settlement of traded products and investigation/escalation of issue identified ; supporting trading desk in counterparty relationships and ensuring that quality information flows across business.
- Contacting Mo for any issues while matching the trades like cash difference, shape difference etc.
- Resolving daily task based errors which can range from trade vesting issues, economic trade differences to duplicated settlements; liaising with Front Office and Back office as well as other TMG Groups, Regional Offices and external clients to ensure that all breaks are resolved in a timely and conscientious manner.
- Contacting Corp Action team to take care of the settlement of the trades which fall under the CA event like EX-date, record date.
- Depot Realignments, Inventory Management and Pre-matching for all VD-1 Trades.
- Team representative in UAT testing.
- Pre-Settlements of trade breaks and balancing of funds on T+1'2'3 & Aged breaks.
- Booking of Trades positions / Trades cancelation & amendments in books.
- Investigate & identify the legal entity break trades and work with trade support and or counterparty to amend trade & resolve the issue.
- Reporting and escalation root cause analysis of outstanding items by age category.
Process Analyst
Genpact India
05.2015 - 10.2016
- Maintain accounts receivables and accounts payables for all Business areas,update insurance records management systems and submit a quarterly aging report for receivables/payables to management for evaluation of reinsurance
business. - Ensure the timely and accurate booking, control, and collection of ceded balances, and inform management of progress and/or problems on a regular basis.
- Advise branches on booking the premiums and accounts for fronting fees and premium taxes recovered, follow-up with underwriters and reinsures to resolve booking differences, and act as a resource for external reinsures.
Assistant Manager
Axis Bank
05.2014 - 05.2015
Education
MBA - Finance
THE IIS UNIVERSITY
Jaipur 04.2012 - 04.2014
Bachelor of Commerce -
MDSU University Ajmer
Ajmer 06.2009 - 04.2012
Skills
Settlement Expert of All UK Markets including Euroclear and Crest
Swift Accord & Excel
Bloomberg Terminal
Alert OMGEO & CTM
Easyway, Crest GUI , TRACQS, TLM Expert
Accomplishments
- Spearheaded a team of 5-10 including 3 Sr. Analysts for executing various operations.
- Successfully completed Six Sigma Green Belt Training in Nov’18 conducted by DB.
- Completed Lean Foundation Course in May’18 conducted by DB
- Got 3 time SPOT award and Appreciation from Onshore.
- Got excellence award for streamlining Allocation process.
Timeline
Team Leader
Bank of Amarica
12.2021 - Current
Process Supervisor
Deutsche Bank
12.2017 - 12.2021
Process Analyst
Genpact India
05.2015 - 10.2016
Assistant Manager
Axis Bank
05.2014 - 05.2015
MBA - Finance
THE IIS UNIVERSITY
04.2012 - 04.2014
Bachelor of Commerce -
MDSU University Ajmer
06.2009 - 04.2012
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