MP Prachodini
Bengaluru,KA
Summary
Overall 10+ years of experience in Security Financing (Equities, Reconciliations, Corporate Actions, Settlements and Derivatives), Reconciling Valuations in Terminals Bloomberg and IDC), supporting Change management team with new Requirements and problem-solving acumen, Executing UAT, and point of contact from Ops team for IT. I believe that offered the opportunity at Organization's of repute, I would be put on the right path to leverage my experience and contribute towards Organizational goals and become an asset by performing at the best of my abilities.
Overview
11
11
years of professional experience
4
4
Certifications
Work History
Assistant Manager
Citicorp Solution Centre
11.2018 - Current
- NAM/APAC
- Management and monitoring the progress of team members
- Static maintenance and data enrichment is done in applications; Asset control data manager, SMC and its downstream systems – while taking consideration of various vendor sources like, Bloomberg, Markit, IDC and to keep data up to date and accurate
- Monitoring of Asset setups for various new product requests like Fixed income, Money market funds, Equities, by taking consideration of various vendor sources
- Sourcing various Asset class pricing data from different sources such as Bloomberg, Reuters, ICE and Perform due diligence for reliability of prices
- Working with Bloomberg & Reuters on any Corporate Action events like stock split/Suspended securities/delisted/Stock Merger and determining the appropriate price after closely working with the Fair Valuation Team
- Static maintenance and data enrichment is done in applications; Asset control data manager, SMC and its downstream systems – while taking consideration of various vendor sources like, Bloomberg, Markit, IDC and to keep data up to date and accurate
- Making sure that the balances we maintain with that of the bullion bank is per our internal records and making payments through SWIFT without any delay
- Providing monthly KPI and cancellation reports to the management
- Coordinating with internal teams (IT, Static, Data management) to facilitate setting up the infrastructure readiness for trade capturing, processing and accounting functions at the backend.
- Performing test in UAT environment and confirm the business team and stakeholders on the outcome, challenges to prioritize and resolve
- Commodity and fx option trades reconciled and monitored by my team booked by Branch situated in Hong Kong & Singapore.
Senior Associate
Tata Consultancy Services, Goldman Sachs/ABN AMRO Bank
03.2015 - 08.2018
- Work on Travel& Entertainment queries and assist the stakeholders with their questions
- Functioning on AMEX in aligned manner and have all the transactions for the employees posted and do monthly reconciliations.
- Performing Reconciliation for all major accounts and portfolios classified basis products used, for
- A, Settlements (External and Internal), Collateral, Fees and Rebates, etc
- Perform fund and Securities Analysis invested in capital market with the use of various researching tools like – Intellimatch, Channels, 4 Sight, Spooler, SAM, FRS application and SWIFT application
- Responsible for the execution of correct and on time processing of all, standard and complex requests sent by all the departments (Foreign Exchange, Money Market and Derivatives)
- Maintenance includes all the information of the customer (Counterparty details and Payment Instruction) processing Corporate action events such as dividend re-investment, Merger, Liquidation, Stock Split, Reverse split, share premium, Redemption events , Coupon payments, physical coupons as per the paying agent or custodian advice received on pay dates
- Types of Securities include ETF, Equity and have handled ALDOP and Cash Pool Recon
- Dealing with Trades on both OTC and Central Counterparty (Exchange Traded)
- Liaising with Custody/Clearing, Collateral Management, Middle Office and Front Office Teams and corresponding banks
- Hands-on with the reconciliation process, which involves matching of the internal ledgers entries with the
- Coordinating with Support team, Custodian and Static data team on cash level discrepancies between Source system and Back Office application
- Also responsible for investigation and resolution of unapplied SWIFT payments, liaising with our Nostro Agents and external remitters where relevant
- Transferring of mis-posted cash items (MT202) in order to negate or reduce losses due to value-date differences.
Senior Associate
Barclays Shared Services
09.2013 - 02.2015
- Handling Overdrafts, Term Loans, Letters of Variation, BGI (Bonds, Guarantees and Indemnities), SFET (Spot Forward Exchange Transactions) and Multi Currency Option facility requests
- Processing Overdraft requests of clients
- Documentation of letters describing account details, currency, amount, rate, securities, fees and terms & conditions of the Bonds, Guarantees and Indemnities facility requested
- Direct Interactions with clients related to any Document discrepancies and assist the clients in terms of any queries
- Possess strong corporate banking domain knowledge, was able to articulate process clearly to the customers.
Analyst
ANZ
06.2011 - 05.2013
- Preprocessing Sanity checks of the mortgage documents received daily
- Highlighting the differences in the documents as in comparison with the benchmark criteria set for auditing them
- Communicating the errors in documentation to the Escalations team
- Communicating the responses from Escalations team to the Client front desk in Australia
- Additional responsibilities apart from the above production work: creating and checking the daily tracker on an hourly basis to facilitate the production breakup calculation at the end of each week.
Payroll Executive
Relyon Softech Limited
06.2010 - 04.2011
- Generating leads and revenue through managing and enhancing the clientele
- Daily and monthly report generation along with preparation of Reconciliation statements
- Supervising and controlling the product teams
- Constant review of the performance of the tele callers and designing of mock sessions for their training and development
- Tracker update for the entire team and presenting the same to the management team
- Handled the welcome desk activities with related to customer queries and other related branch activities like report handling, Managing branch sales etc
- Provided periodic updates to the management team on the sales status.
Education
Master’s inTourism - Administration
Acharya Institute of Management & Sciences
Bachelor’sin - Arts
Gangadhar Meher College
Skills
Training
Collaboration
Interpersonal Skills
Language Skills
Certification
Completed the 6 months certification program conducted by Customer Service Institute of Australia (CSIA).
Gardening
Taking care of plants is a timeless ritual that I enjoy to the most and can never get worked off.
Timeline
Assistant Manager
Citicorp Solution Centre
11.2018 - Current
Senior Associate
Tata Consultancy Services, Goldman Sachs/ABN AMRO Bank
03.2015 - 08.2018
Senior Associate
Barclays Shared Services
09.2013 - 02.2015
Analyst
ANZ
06.2011 - 05.2013
Payroll Executive
Relyon Softech Limited
06.2010 - 04.2011
Master’s inTourism - Administration
Acharya Institute of Management & Sciences
Bachelor’sin - Arts
Gangadhar Meher College