Mukund Kumar

• 10+ years of team handling experience- Fund accounting, Reconciliation and Custody operations
• Manage day-to-day operation of the Unit and responsible for delivery of service standards custody processing per instruction, Cash balances, Accounting settlement, Funds sweeping and OD control
• Reporting available cash balance to the client for the day for making investment decisions and investing Client’s ideal money into (Sweep and FICC repo) Money market
• Assigning the inquiries and fails of trade
• Cash availability Management of Hedge funds, Private equity funds, fixed income, Mutual fund, insurance funds
• Reporting available cash balances to Investment managers
• Position Reconciliation, perform the Custody vs accounting position reconciliation and clear the break if any
• Cash forecasting: - Along with same day cash availability reporting also perform Cash forecasting, up to 90 days
• Performing intraday reconciliation, compare the custody and accounting records and if the balances are not tied, investigate further to resolve the discrepancy
• Trade settlement and booking: - Contractual and actual trade settlement, Basket trade settlement, Sweep trade booking and settlement, FICC repo booking and settlement, FOF trade booking and settlement
• Corporate actions settlement
• Actual money movement: - OMP (Online memo posting) and wire processing to other banks
• Caps tock, Expenses and Income processing
• Overdraft research
• Line of credit (LOC) processing
• Fund/ Client Onboarding and Offboarding
• Investing clients’ ideal money into Money market, FICC Repo and sweep for long term or short term as per client directive
• Responsible to respond queries raised by IM (Investment manager), Client Ops and reverting on the escalations if any

Key Achievements

• An integral part of a migration team for the project for cash availability
• Coordinating activities for Cash migration of projects from onshore to offshore worth 11 FTEs
• Documenting minutes for the daily transition call, maintaining- SOPs, Enquiry tracker, checklist, and embedding CTQs for processing and review
• Conducting assessments to identify pain areas and schedule training to bridge knowledge gaps
• Reviewing the progress of migration with the head of the department, keeping track of all constraints, risks, dependencies, and flagging issues, and providing an action plan to mitigate the same.
• Provide timely, high quality response to all client queries
• An integral part of Robotics project, wherein migrated the legacy work to Robotics
• Lead the RPA project from business team and successfully automated the Sweep (Investment into State street product), FICC Repo, Trade settlement and booking and Cash availability reporting on to RPA robotics platform
• KPI Management (Key Performance Index)
• Business Transition Activities (Reporting, daily tollgate Calls, documentation, SOP Management)
• Volume Calculation/ Utilization reporting (Activity cycle time management)
• Time & Motion Study (Database management)
• Error Log and review call (Business excellence team)
• Training Tracker review
• Fund addition deletion tracking
• Annual/monthly Appraisal
• Making sure that, all SOP’s, and checklist ‘s are updated
• Also playing role of Audit spoc for my process, wherein coordinate with all internal teams and with External as well as internal auditor
• Responsibilities include managing client relationships at offshore to onshore level regarding process queries, reports and understanding their requirements, streamlining workflow & suggesting the most viable solutions
• Provided support during times of transition by developing effective change management strategies.
• Analyzed key performance indicators to identify effective strategies.