Summary
Overview
Work History
Education
Skills
Accomplishments
Languages
Hobbies and Interests
Personal Information
Key Highlights
Timeline
Generic
Nashwin Sanctis

Nashwin Sanctis

Pune

Summary

A progressive experience of more than 18 years in Back office processing SSBO and Treasury. Working as a Vice president and handling teams across operations. Proficiency in Financial & Banking Operations; recognized as a hands-on, proactive individual who can rapidly identify business problems, formulate tactical plans, initiate change and implement effective business strategies in challenging environments. Specialties: Payment process, Suspense matching, Monitoring ledgers, Interest Claims, TMPG, P & L accounts. Payment authorization, cash payments and receipts, SWIFT, fund transfer, Nostro reconciliation, clearing, and cheque collections.

Overview

19
19
years of professional experience

Work History

Vice President

BNY India Pvt LTD
05.2021 - Current
  • Handling 15-member team and executing MT103 and MT202 Payments
  • Managing Inbound and Outbound payment processing in Pune/Chennai
  • Managing TPFX and GTP team at Pune location.
  • Executing settlements of incoming and outgoing wires for FX transactions.
  • Addressing escalation in a timely manner and provide solutions at the earliest.
  • Actively working with the RPA team to have MPI reduced in TPFX project.
  • Leading ORE team in GPTSO under risk and control pillar in 2022.
  • Leading Beeline hiring for payments team in Pune.
  • Taking ownership of bespoke process for payments function.
  • Active collaboration with stakeholders in Oriskany/Taipei and Manchester.
  • Handled fax payments and worked with internal teams for automation.
  • Ensured BCP testing is performed in a timely manner.
  • Worked with different teams and POMs on various Operational readiness activity.
  • Worked with POM groups and created training materials and delivered sessions.
  • Engaged with the stakeholders and the risk team to create a RISK scorecard.
  • Worked with Ops lead and obtain attestations that relevant training have taken place.
  • Created training material and Playbook for the FED ISO release.

Director /Manager

Morgan Stanley Advantage Service
04.2015 - Current
  • Company Overview: The Global Payment supports Firm-wide payment initiation, authorization and exception management. The Utility is committed to offering service excellence and best-in-class payment solutions to our Clients.
  • Supporting the initiation and authorization of non STP (straight through processing) payments for multiple clients across various products line;
  • Working with IT team for automation of daily metrics and non STP payments.
  • Submitting KRI details to the higher management on a monthly basis.
  • Authorizing MT103 and MT202 Payments.
  • Authorizing cross border payments across different entities.
  • Exercising due diligence checks on payment requests;
  • Timely and diligent review and processing of payment exceptions;
  • Providing a critical escalation point for payment processing issues for internal clients and external counterparties;
  • Ensuring time sensitive cash payments are processed in a timely manner;
  • At all times acting as a process owner, accountable for the delivery of work to the highest of standards;
  • Identifying opportunities for process improvement and enhanced risk control.
  • The Global Payment supports Firm-wide payment initiation, authorization and exception management. The Utility is committed to offering service excellence and best-in-class payment solutions to our Clients.

Director /Manager

Morgan Stanley Advantage Service
06.2017 - 04.2019
  • Managing 11 members vendor team located in Exclerx (Pune).
  • Working directly with the vendor team, managing day to day queries, metrix and escalation.
  • Act as an escalation contact for any issues or discrepancies with internal or external counterparties.
  • Performing same day suspense matching and investigation of cash received within Morgan Stanley across various business units.
  • Daily monitoring and oversight of team function.
  • Performing investigation and resolution of unapplied funds.
  • Providing idea and improving the efficiency of the process.
  • Reviewing KRI and KPI for the team.
  • Proposing and validating Client money and ensuring obligations are met in a timely manner.
  • Manual settlement of payment in SAFE system.
  • Providing BCS and 3Rs signoff on all the responsible accounts.
  • Reviewing PARI commentary updated by the vendor team.

Director /Manager

Morgan Stanley Advantage Service
04.2016 - 05.2017
  • Process Migration to Baltimore, USA in 2016 on Interest claims and TMPG process.
  • Handling all outstanding Payable and Receivable claims and setting up calls with vendors on a weekly basis to resolve them.
  • Leading an operational team delivering service attributes to Global Payment & Claims Utility clients;
  • Owning all team processes, delivering effective processing and people supervision;
  • Managing team members, their performance and career development;
  • Diligently managing processing risk, ensuring prompt escalation and the collation and presentation of key risk metrics to the senior Global Payment & Claims Utility management team;
  • Preparing Treasury and Agency PNL and sending the reports to the Sales Desk on a daily basis.
  • Updating CLEAR contacts and sending Claim Letters to the CP.
  • Performing CBV and setting up SSI in the system.
  • Focusing on High Dollar claims and also sending chasers to the CP.
  • Preparing IPB and PB reports and providing an update to the BU on a weekly basis.
  • Setting up calls with various CSG (Baltimore, Genops, Glasgow) and getting an update on all outstanding Claims.
  • Updating Fed Fund Rate on a daily basis and Fed Reserve and GSCC on a monthly basis.
  • Setting up calls with Stakeholders (PIMCO) and working on all outstanding claims to resolve it.
  • Managing Interest Claims and TMPG mailbox.
  • Reviewing Claim Letters during the first 10 business days and sending it to the CP.
  • Reviewing Journals and Claims above $5000 and providing an approval for it.

Team Leader

JP Morgan Chase
12.2006 - 04.2015
  • Handling 4 member team and executing MT103 and MT202 Payments.
  • Acting as an escalation point for payment issues with internal/external parties.
  • Ensuring that time sensitive cash wires are released in accordance to global currency cutoff periods.
  • Acting as a process owner and being accountable for all outstanding items.
  • Developing and improving existing processes and reporting.
  • Working as part of the global settlements team to assist with development, testing & implementation of internal system changes.
  • Executing Foreign Exchange deals through Morgan Direct Portal (MDP), wherein buying and selling of currencies take place.
  • Executing Payments wherein Swift Messages are used to process payments.
  • Working on STP (Straight through Processing) projects wherein I am responsible to give inputs which will improve STP rate.
  • Clearing Inward, outward and settlement systems (e.g. RTGS/NEFT, TARGET, CHAPS, SEPA Payments etc.), Payments Reconciliation and Investigations Hands on experience on payment systems.

Education

MBA - Finance

Institute of Technology and Management
11.2011

Bachelor’s Degree - Commerce

Chetana College of Commerce
03.2005

HSC -

Chetana College Of Commerce
03.2002

SSC -

Our Lady of Health High School
03.2000

Skills

  • Financial Operations
  • Banking Operations
  • Payment processing
  • Suspense matching
  • Monitoring ledgers
  • Interest Claims
  • TMPG
  • P & L accounts
  • Payment authorization
  • Cash Payments
  • Cash Receipts
  • SWIFT
  • Fund Transfer
  • Nostro Reconciliation

Accomplishments

  • Improved STP rate from 89% to 92.5%, 2013
  • Awarded as ZING WINNER for the Month of Feb, March & April, 2008
  • Awarded as ZING WINNER for December, 2009
  • Awarded as ZING CHAMP in March, 2008
  • 100% Accuracy, 2008
  • Single error, 2009

Languages

  • English
  • Hindi
  • Marathi
  • Konkani

Hobbies and Interests

  • Cricket
  • Listening to music

Personal Information

  • Date of Birth: 11/09/84
  • Gender: Male
  • Marital Status: Married

Key Highlights

18, Manager, 15, Payment process, Suspense matching, Monitoring ledgers, Interest Claims, TMPG, P & L accounts, Payment authorization, Cash Payments & Receipts, SWIFT, Fund Transfer, Nostro Reconciliation, Clearing & Cheque collections

Timeline

Vice President

BNY India Pvt LTD
05.2021 - Current

Director /Manager

Morgan Stanley Advantage Service
06.2017 - 04.2019

Director /Manager

Morgan Stanley Advantage Service
04.2016 - 05.2017

Director /Manager

Morgan Stanley Advantage Service
04.2015 - Current

Team Leader

JP Morgan Chase
12.2006 - 04.2015

MBA - Finance

Institute of Technology and Management

Bachelor’s Degree - Commerce

Chetana College of Commerce

HSC -

Chetana College Of Commerce

SSC -

Our Lady of Health High School

Similar Profiles

CREATE PROFILE
Nashwin Sanctis