Nitesh Chitrekar
Asset Management
Dahisar East
Summary
Driven and determined professional with a relentless pursuit of success in all endeavors. Committed to reaching the pinnacle of the career through unwavering dedication and a strong work ethic. Seeking opportunities to leverage hardworking nature and determination to make a significant impact in the professional landscape.
Overview
18
18
years of professional experience
2
2
Languages
Work History
Assistant Vice President
State Street Corporate Services Mumbai PVT. LTD
07.2015 - Current
- First Line of Defence (FLOD) & escalation contact for business unit (Global Cash Operation - Investigations)
- Closely work with all managers across shift to Identify, report and resolve all risk and compliance issues, breaches and suspicious activities
- Managing escalations, external audit request and to ensure being compliant with financial standards and regulations to avoid any potential impact to the process or SLA breaches
- Prepare monthly KPI and KRI report for all activities performed whether it is Nostro Reconciliation, 210/202 Cancellations, Inbound Swift monitoring or Inquiry Management which enables us to discuss for strategic decision making
- Escalating high value exceptions to relevant teams in order to avoid potential impact on liquidity, Claim or Credit risk to the bank
- Good knowledge of MT swift messages and its usage of transfer of messages between financial institutions for swift movement of funds (MT199, MT299, MT192, MT292, MT103, MT202, MT210, MT940, MT950)
- Drive & lead process improvement and efficiency projects in adherence to implementation roadmap to future state of strategic projects within the process
- Actively work with all managers in order to manage transactions and always comply with evidencing of key controls & Standard Operating Procedures
- Encourage team for their participation on a weekend for Quarterly Credit Default Swap (CDS roll) reconciliation for all clients who participate
- Also, make necessary plans that includes Collation, Segregation of duties and Execution for successful completion of the same
- Allocation of task and responsibilities to my management team to not only ensure timely deliverables but also create synergy plans within the team
- Drive and lead quarterly Standard Operating Procedures (SOP) review, internal Audit, and Business Continuity Plan (BCP) testing to prepare the teams for any given situation to avoid impact to our clients deliverables
- Actively participate on calls with Senior Management team to identify, discuss, brainstorm, recommend and implement improvement in controls or completeness check in order to have robust process
- Support staff development through training, coaching and encourage experiential and other learning opportunities without impacting our deliverables
- Evaluating performance of the team and ensuring constructive feedback is provided frequently to enhance their skills and professional growth
- Arrange and host monthly Business review calls with required stakeholders for resolution of queries of high profile clients & recommend process changes requests as applicable to meet client's expectation within stipulated time frame
- Identifying and recommending tangible operational improvements, working with internal & external stakeholders to improve quality of reconciliation
- As part of transition management team, I actively work with my manager for migration of process to strategic location as per the requirement
Team Leader
J P Morgan Services India Pvt Ltd
08.2007 - 07.2015
- Reconciliation of daily Cash & Securities transactions of our clients
- Reconciling the funds i.e
- Domestic, International Funds & Third party funds
- Maintaining and validating clients day to day transaction records with the companies records
- Timely escalation of Nav Impacting issues to avoid potential financial impact
- Perform research using Bloomberg, Depository Trust Company (DTC), Euroclear & Interactive Data Management which provides details of respective securities
- Completing the reconciliations on a given time frame to maintain good relationship with the client
- Validation and processing of income payments i.e
- Dividend, Interest, Pay downs of the clients according to their entitlements on paydate
- Acting as Subject Matter Expert for training and mentoring of new recruits
- Performing review of all the Asset level processing, Income processing & Money Market processing done by the preparer/team members
- Reconciliation of reports, preparation of reports, Auditing
- Actively participate on Control meeting calls with the senior management on a weekly basis for process improvement
- Actively take part in Migrating new clients, testing of new application, User Defined tool (UDT) development for increasing efficiency and productivity
- Preparing/Checking end of the day packs daily
- To drive several Root cause analysis (RCA) and efficiency projects to help reduce number of exception and manual intervention
- Publishing several Management Information System (MIS) to the senior management and partner location to show the process status and improvements
- Received Above & Beyond certificate for completing a project successfully
- Received Certificate as recognition and appreciation of my performance
- Successfully onboarded new client within 2 months of joining the company
- Generated several projects/initiatives within process to increase productivity and reduce manual intervention
- Awarded with Lean Facilitator title/certificate
Education
SSC - undefined
Maharashtra board
HSC - undefined
Maharashtra board
T.Y.B.Com - undefined
Mumbai University
Skills
Consulting
Accomplishments
- Received Above & Beyond certificate for completing a project successfully.
- Received Certificate as recognition and appreciation of my performance.
- Successfully onboarded new client within 2 months of joining the company.
- Generated several projects/initiatives within process to increase productivity and reduce manual intervention.
- Awarded with Lean Facilitator title/certificate.
Objectives
To achieve success in all my endeavors and reaching the crest of my career through hardwork and determination., To work in a globally competitive environment on challenging assignments that shall yield the twin benefits of the job satisfaction and a steady-paced professional growth.
Computer Literacy
Lotus notes 6.5, Outlook, Microsoft Word, Powerpoint, Excel
Disclaimer
I hereby affirm that the information in this document is accurate and true to the best of my knowledge., Mumbai, Nitesh Chitrekar
Personal Information
- Passport Number: J1661347
- Date of Birth: 02/21/87
- Gender: Male
- Nationality: Indian
- Marital Status: Single
Timeline
Assistant Vice President
State Street Corporate Services Mumbai PVT. LTD
07.2015 - Current
Team Leader
J P Morgan Services India Pvt Ltd
08.2007 - 07.2015
SSC - undefined
Maharashtra board
HSC - undefined
Maharashtra board
T.Y.B.Com - undefined
Mumbai University
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