Nitin Shimpi
Summary
A resourceful vice president with 12+ years of results-oriented experience in Investment Banking Operations, People and Client management.
Exposure in different areas of Investment Banking with a sound knowledge of various Financial Assets and their Trade life Cycle, Trade Booking, Clearing & Settlements, Trade Reconciliation, Trade Compliance, Risk Management, Collateral & Margin Call Management, Client on boarding & Process set up.
Possess strong analytical and problem-solving skills, with the ability to make well thought out decisions. A highly motivated and ambitious individual able to give timely and accurate advice, guidance, support and training & mentoring to team members.
I believe in leadership, professional ethics and respecting people.
Overview
13
13
years of professional experience
1
1
Certification
Work History
Vice President
BNY Mellon PVT LTD
Pune
04.2022 - Current
- Managing APAC Fund accounting trade capture-Trade processing for NAV, Client onboarding, Trade Reconciliation, Process STP & Automation, People and Stakeholders management, People Hiring, Training and Development, Dealing with client-Investment Managers & Brokers, Internal NC/NV team Stake holders Management.Managed financial operations, overseeing entire process operation.
- Formulated policies that improved operational efficiency and productivity.
- Ensured compliance with applicable Policy and regulations related to operations activities.
- Maintained relationships with key stakeholders by attending meetings and responding promptly to inquiries or requests for information.
- Implemented process improvement procedures that resulted in cost savings across the board.
Manager
FIS Global Solution PVT LTD
04.2021 - 04.2022
- Future, Option, FX Margin call settlement & management for Client with APAC, US exchanges and clearing house.
- Process Migration, New payment platform transition & Client onboarding.
- Process set up, Operation & project management.
- People hiring, training and mentoring.
Deputy Manager
STATE STREET HCL SERVICE
Coimbatore
02.2018 - 04.2022
- Project: PIMCO Trade Management, Settlement and Bank loan Team size managing (18 FTE'S)
- Management of US/APAC Region for products Equity, Bonds, US Treasury with US, Global & Emerging market, FX Settlement.
- Firsthand experience on Failed Trade Management, Trade Settlement, Affirmation & Confirmation from Brokers, Trade Reconciliation, Trade booking, Trade Allocation, Client Interaction, Broker-Bank calls, Custody Call, Managing Escalations, Over Daft queries, Claims investigation & Discussion, People Management.
- Provide analysis to client on trade fails through various means, including daily interaction with trading desks, sales desks and middle office groups, preparation of trade fails MTM reports, KPI, Reports and Aged fails and Top 70 fail trades discussion
- People management, hiring, training and mentoring,
- Client and stake holder management, direct POC for top management.
Technical Coordinator Finance Operation
Northern Trust
Pune
07.2017 - 01.2018
- Hedge fund services, Trade Recon- equity, fixed income, derivative, future and options, middle office, trade support, breaks annotation, routing, sign off, report publishing.
Team lead
Wipro LTD
Pune
09.2011 - 06.2017
- Purchase and Sales Recon, Portfolio Recon, Access, and Entitlement, Trade Support- Trade reconciliation, Ex-clearing (101) & Clearing of the trades on RTTM, Obligation warehouse, OCC & ACT
- Settlement of trades of products Fixed Income, Equity, Options, OTC, Non-OTC- US market)
- Fixed income, Equity & Option products, domain trainer, NSCC-CNS, Transfer of Acct positions for Options, Corp-Action, and Security Master-Product Set-up.
Education
MBA - Finance & Marketing
KBPIMSR College
01.2011
B.Com - Accounts
North Maharashtra University
01.2008
Skills
- Operation Transition Management
- Trade life cycle
- Trade Booking, Clearing and Settlement
- Financial Assets Type Product knowledge
- Collateral & Margin management
- Fail Trade Management
- Trade Reconciliation
- Fund Accounting NAV Calculation
- Third party vendors skills- Bloomberg, Oasys, CTM & Omgeo Alert
- KRI, KPIs, Compliance management
- People Management- Coaching and Mentoring
- Leadership
- Risk Management
- Operations Management
- Process Improvement
- Client Relationship Building
Accomplishments
- Successfully completed of RRP project (Settlement & trade processing) transition from Philippines (Manila) to India. Complete set up from people hiring, training, mentoring, operation to client deliverables.
- New Margin call settlement platform onboarding from credit suisse to FIS with complete end to end support.
- Highly appreciated by Statestreet directors for my excellent service and ownership.
- # 3 times promoted in my career journey.
- Toper in subject accounting in my college.
Affiliations
- Contribute and participate in natural environment building such as tree plantation and helping hand for special kids.
- Have organized fun events, cultural programs, people engagement activities.
- Won the title of “Mr. Tamil Nadu” in Mr. India Asia International 2020 Fashion Pageant, Delhi
Certification
- Lean Certification: Lean project completion on MIS based on risk & error analysis.
- NSE certifications.
Languages
Marathi
First Language
English
Proficient (C2)
C2
Hindi
Proficient (C2)
C2
References
References available upon request.
Timeline
Vice President
BNY Mellon PVT LTD
04.2022 - Current
Manager
FIS Global Solution PVT LTD
04.2021 - 04.2022
Deputy Manager
STATE STREET HCL SERVICE
02.2018 - 04.2022
Technical Coordinator Finance Operation
Northern Trust
07.2017 - 01.2018
Team lead
Wipro LTD
09.2011 - 06.2017
MBA - Finance & Marketing
KBPIMSR College
B.Com - Accounts
North Maharashtra University
Similar Profiles
SHRUTIKA PASHTESHRUTIKA PASHTE
Sr. Process Associate at BNY MELLON Pvt. Ltd.Sr. Process Associate at BNY MELLON Pvt. Ltd.
SANJEEVANI DIVYAA DHAKALSANJEEVANI DIVYAA DHAKAL
Process Associate/Operations Executive at BNY Mellon Pvt LtdProcess Associate/Operations Executive at BNY Mellon Pvt Ltd
VIGNESH DEVARAJANVIGNESH DEVARAJAN
Lead Representative at Bank of New York (BNY) Mellon Pvt LtdLead Representative at Bank of New York (BNY) Mellon Pvt Ltd
Krystal BartshKrystal Bartsh
Vice President of Corporate Communications, Vice President of Marketing, Vice President of Corporate Communications and Brand, Director of Marketing and Communications, PR & Communications Manager at Compeer FinancialVice President of Corporate Communications, Vice President of Marketing, Vice President of Corporate Communications and Brand, Director of Marketing and Communications, PR & Communications Manager at Compeer Financial
Johnny J. Patterson, IIJohnny J. Patterson, II
Senior Vice President & Vice President, Government Relations at Genesis HealthCareSenior Vice President & Vice President, Government Relations at Genesis HealthCare