Mustafa Shikari
Mumbai
Summary
Dynamic Risk Management Specialist with extensive experience at RKSV Securities, excelling in trade surveillance and compliance. Proven track record in software testing and quality assurance, enhancing operational efficiency. Adept at margin reporting and client fund management, consistently achieving high accuracy in trade execution while fostering strong relationships with stakeholders.
Overview
16
16
years of professional experience
1
1
Certification
Work History
Specialist – RMS Operations
RKSV SECURITIES PVT LTD (UPSTOX)
05.2021 - Current
- Extensive experience in Risk Management, surveillance & operations.
- In-depth awareness about different issues pertaining to Financial Markets and Commodities.
- Hands-on experience in using and managing different market related software like Busywin for Back-office, Omnesys / NEAT for Mid-office and and Risk Management.
- Successfully handled migration of MCX software from 63 Moons to new TCS Ebancs software.
- Responsible for Day to day RMS activities such as Monitoring of clients margins & positions on Omnesys.
- Responsible for Allocation / Deallocation of client funds for MCX exchange.
- Upload / Modify / Delete clients details on Omnesys.
- Responsible for EOD & BOD processes such as uploading Position / Ledger / Holding of clients.
- Meeting the Compliance requirements specified by the Exchanges and the circulars issued by the regulators.
- Testing and implementation of new software’s and Co-ordinate with Software Vendors and make the necessary changes in Online Risk Software and Back-Office as and when required.
- Carrying out Surveillance activities like discovery of exceptional trades or unusual price fluctuation in case of illiquid commodity, blocking such commodities from being traded.
- Reviewing the Business Requirement Specification for the Trading/ Risk Management for Commodities, Equity and Currency trading.
- To coordinate with Exchange for any issues or any updation in the software.
- Margin Reporting to All Exchanges.
- Increase/Withdraw Collaterals with exchanges as per instructions
Associate – RMS, Compliance & Operations
ABANS COMMODITIES (I) PVT LTD
04.2018 - 04.2021
- Extensive experience in Risk Management, surveillance & operations.
- In-depth awareness about different issues pertaining to Financial Markets and Commodities.
- Hands-on experience in using and managing different market related software like Busywin for Back-office, ODIN / Omnesys / Now / Greek / NEAT for Front-office and and Risk Management.
- Meeting the Compliance requirements specified by the Exchanges and the circulars issued by the regulators.
- Testing and implementation of new software’s and Co-ordinate with Software Vendors and make the necessary changes in Online Risk Software and Back-Office as and when required.
- Carrying out Surveillance activities like discovery of exceptional trades or unusual price fluctuation in case of illiquid commodity, blocking such commodities from being traded.
- Reviewing the Business Requirement Specification for the Trading/ Risk Management for Commodities, Equity and Currency trading.
- To handle Corporate Managers of CASH, FUTURES, CURRENCY, NCDEX and MCX and set the limits of all the terminals and allocate proper limits.
- To coordinate with Exchange for any issues or any updation in the software.
- Margin Reporting to All Exchanges.
- Setting/Updation of RMS limits for HO & Branches as per RMS policy.
- Increase/Withdraw Collaterals with exchanges as per instructions.
- Publishing Prop & Client Margin Utilization reports for NSECD/FO & MCX Segments to Banking & Trading Teams.
- Publishing Client Balances reports for NSECD/FO & MCX Segments to Banking & Trading Teams.
- Preparing Enhanced Supervision reports for Daily, Weekly & monthly Reporting to exchanges.
- Daily calculation & monitoring of client funds and Exchange collaterals to avoid violations.
- Prompt updation and of billing of all entities /segments on a daily basis.
- Provide Backoffice reports to concerned teams when they request.
- Testing of Inhouse Softwares (Back office/Mid office/Front office) Checking Margin utilization & other risk parameters.
Forex/Currency Consultant
RELIANCE COMMODITIES LTD
09.2016 - 04.2018
- Interact with Importers & Exporters and advice them to hedge their payables and receivables in currency futures and forwards.
- Develop Currency Options Strategies.
- Negotiate with Banks on behalf of client for OTC Currency Forwards.
- Calculate Mark to Market of OTC Trades for Clients using Reuters and Bloomberg Terminals.
Commodity Dealer
RELIANCE COMMODITIES LTD
09.2011 - 09.2016
- Placement of accurate orders on MCX and NCDEX exchanges on behalf of the clients.
- Servicing HNI and retail clients.
- Requesting Pay-In and Pay-Out of clients.
- Acquiring credit limit for the clients.
- Solving customer queries regarding Brokerage, service tax, stamp duty, CTT charged.
- Assisting and guiding new customers about our trading platform and website.
- Documentation and processing of applications and KYC proofs of customers in case of new account opening or change of details.
- Co-ordinate with MCX,NCDEX and NSE regarding new technologies and improvements of the trading platform.
- Assist Business partners and encourage them to increase business.
- Advice clients and assist them in trading by providing them research based trading calls in all commodities.
- Acquire Client’s data from other verticals like Equity, Currency and convince them to trade in Commodities.
- Arranging seminars and Promotional activities to create brand awareness.
- Cold calling Jewellers, Exporters and explaining them the benefits of Hedging in Currency and Precious metal futures and giving them a competitive brokerage rate to increase revenue.
- Cold calling Whole sellers of food grains and spices, making them aware of our delivery services (i.e. assisting in give and take of delivery of food grains and spices through NCDEX exchange) and give them a competitive delivery brokerage rate.
- Achieved Quarterly new customer acquisition and Brokerage Revenue targets.
- Achieved Quarterly targets of selling Prepaid Brokerage plans.
- Maintained 99 % trade execution accuracy in all quarters.
- Maintained 100 % compliance of Exchange rules.
Equity and Commodity Dealer – Under Sub Broker (Vardhaman Investments)
KANTILAL CHAGGANLAL SECURITIES PVT LTD
11.2010 - 03.2011
- Dealing in MCX also in NSE and BSE cash and F&O segments.
- Requesting Pay-In and Pay-Out of clients.
- Acquiring credit limit for clients.
- Achieved monthly Sales and Brokerage Revenue targets.
- Maintained 99 % trade execution accuracy in all months.
- Maintained 100 % compliance of Exchange rules.
Equity Dealer
HDFC SECURITIES
06.2010 - 08.2010
- Placement of accurate orders in equity and derivative markets on behalf of clients.
- Selling of company's financial products like Equity Recommendations SMS packages and Equity Trading Softwares.
- Achieved monthly Sales and Brokerage Revenue targets.
- Consistently maintained 99 % trade execution accuracy in all months.
- Maintained 100 % compliance of Exchange rules.
HR Executive (Recruitment)
HEAD HUNTERS
10.2009 - 02.2010
- My primary responsibilities were to co-ordinate with clients to understand their manpower requirement and acting on it by sourcing candidates from job portals and through established network.
- Handled important clients like Vodafone, Sharekhan and ICICI Securities.
- Achieved Quarterly targets for Vodafone Recruitment.
Education
Bachelor of Science - Computer Science
Mumbai University
01.2009
HSC - Science
Byramjee Jijibhoy Parsee Charitable Institution
01.2006
SSC -
Holy Name High School
01.2004
Skills
- Risk management and compliance
- Market software oversight
- Trade surveillance and margin reporting
- Software testing and quality assurance
Certification
- NSE Certified Market Professional (NCMP) - LEVEL 1 Certification
- NISM-Series-XIII: Common Derivatives Certification Examination
- NISM-Series-VII: Securities Operations & Risk Management Certification Examination
- NISM-Series-XVI: Commodity Derivatives Certification Examination
- Very proficient with Financial Technologies ODIN software / Omnesys.
Timeline
Specialist – RMS Operations
RKSV SECURITIES PVT LTD (UPSTOX)
05.2021 - Current
Associate – RMS, Compliance & Operations
ABANS COMMODITIES (I) PVT LTD
04.2018 - 04.2021
Forex/Currency Consultant
RELIANCE COMMODITIES LTD
09.2016 - 04.2018
Commodity Dealer
RELIANCE COMMODITIES LTD
09.2011 - 09.2016
Equity and Commodity Dealer – Under Sub Broker (Vardhaman Investments)
KANTILAL CHAGGANLAL SECURITIES PVT LTD
11.2010 - 03.2011
Equity Dealer
HDFC SECURITIES
06.2010 - 08.2010
HR Executive (Recruitment)
HEAD HUNTERS
10.2009 - 02.2010
Bachelor of Science - Computer Science
Mumbai University
HSC - Science
Byramjee Jijibhoy Parsee Charitable Institution
SSC -
Holy Name High School