Nilesh Dhage
Financial Market - Broking Operations Expert
Thane, Mumbai
Summary
A professional with more than 25 years of experience in Financial Market - Institutional Broking Operations, Capital Markets, Compliance and KYC, Team Management
Hardworking Associate Director knowledgeable about business practices in the Institutional broking industry. Adept at supporting and enhancing operations with a decisive leadership style and strategic approach to decision making. Encouraging manager and analytical problem-solver with talents for team building, leading and motivating, as well as excellent customer relations aptitude and relationship-building skills. Proficient in using independent decision-making skills and sound judgment to positively impact company success. Dedicated to applying training, monitoring and morale-building abilities to enhance employee engagement and boost performance.
Overview
29
29
years of professional experience
25
25
Financial Market experience
3
3
Languages
Work History
Associate Director
BNP Paribas Securities India
Mumbai
12.2010 - Current
- Risk monitoring and management with respect to the Exchange exposure and margin requirement as well as adhering to all the regulations of the Regulators
- Responsible for ensuring that the Broking Operations are carried out in accordance with local and global regulations
- Maintain excellent rapport with Front Office and provide them operational confidence/ comfort also coordinate with all the teams involved (including Hong Kong Office, Compliance and Finance)
- Responsible for quality and control of all the processes with the relevant Reconciliations
- Responsible for Institutional KYC, Client Empanelment, Client Static
- Data management as per Global and local guidelines
- Analyzing inter-dependencies of various System interfaces across
- Asia and India
- Control on possible revenue leakages by checking the brokerage receivables
- Ensure that all exceptions are duly reported, approved and proper evidence maintained for such cases
- Maintain proper records and Audit trail for easy retrieval during various Inspections and Audits
Senior Manager
Centrum Broking Pvt. Ltd
Mumbai
12.2007 - 11.2010
- Effectively prepared a detailed documentation of Broking Back-office processes including Institutional, Proprietory, Retail, PMS,
- Depository Participant and Risk Management processes
- Established the DMA (Direct Market Access) platform and enabling the foreign clients to trade through FIX protocol via service providers like Marcopolo and Bloomberg
- Successfully set up the proprietary trading back-office and online monitoring (Risk management)
Assistant Manager
National Stock Exchange of India Ltd
Mumbai
02.2001 - 11.2007
- Involved in understanding, analyzing and monitoring complex inter- dependencies of various interfaces like Trading, Risk Management,
- Clearing, Index and Surveillance system of the Exchange
- Identified the best systems, practices, procedures to be implemented and ensured process optimization with zero error processing, through continuous improvements and proactive measures by identifying the Risk areas
- Responsible for exception handling like heavy drop/ rise in the Index, connectivity issues, live trading from Back-up site at Chennai, India
- While in Membership Compliance department, brought online all the processing of trading members’ applications to ensure optimum compliance from trading members and swift processing
- Successfully developed a software system to provide quicker and automated and risk free services to the trading members in terms minimum documentation and speedy processing
- Explained NSE’s trading system and resolved the relevant queries raised by Price Water Houser Coopers, Independent System Auditors appointed by SEBI to perform System’s Audit of the Exchange.
Accounts Executive
Inarco Limited
Mumbai
09.1998 - 01.2001
- Prepared Cost Accounting manual for annual closing stock valuation of raw material, WIP and finished goods
- Supervised plant accounts and involved in the reconciliation and finalization of plant accounts,
- Played pivotal role in the successful implementation of ERP - BaaN
- Effectively involved in the De-merger of the Flooring Division as a separate company.
Clerk-cum-Cashier
Allahabad Bank
Parel, Mumbai
08.1993 - 08.1998
- Handled the entire retail banking operations right from savings bank to the loans appraisals including Risk Assessment and involved in bill purchasing and discounting
- Involved in preparing appraisal of Loans-advances and opening
- Letter of Credit against the stipulated documents of the customers.
Education
ACMA - Financial Management
Institute of Cost & Management Accountant of India
09.1994 - 03.1997
B.Com - Advance Financial Accounting
University of Mumbai
06.1986 - 07.1991
Skills
Excellent Analytical Skills
System Knowledge, Analysis & development
Process Improvement
Employee scheduling, Recruitment, Performance Analysis
Strategic planning and execution
Broking Operations & Risk Management
Presentations to Management
Clean Audits through Effective Controls
Date of Birth
26th April 1971
Timeline
Associate Director
BNP Paribas Securities India
12.2010 - Current
Senior Manager
Centrum Broking Pvt. Ltd
12.2007 - 11.2010
Assistant Manager
National Stock Exchange of India Ltd
02.2001 - 11.2007
Accounts Executive
Inarco Limited
09.1998 - 01.2001
ACMA - Financial Management
Institute of Cost & Management Accountant of India
09.1994 - 03.1997
Clerk-cum-Cashier
Allahabad Bank
08.1993 - 08.1998
B.Com - Advance Financial Accounting
University of Mumbai
06.1986 - 07.1991