PARAG ADDULWAR
Pune
Summary
Associate with 5+ years of experience in trade processing and settlement in financial markets, specializing in operational efficiency and compliance. Strong academic background in economics enhances practical skills, enabling effective collaboration in high-pressure environments. Proven ability to drive organizational growth and success in the financial sector.
Overview
7
7
years of professional experience
1
1
Certification
Work History
Associate 2
StateStreet India Pvt ltd
Pune
03.2024 - Current
- Managed end-to-end trade processing and reconciliation: - for OTC and listed derivative instruments, ensuring accurate trade capture, settlement, and position reconciliation.
- Investigated and resolved breaks and discrepancies: - between Investment Manager (IM)/internal records and broker records, reducing operational risk.
- Supporting OTC Middle Office : - with trade confirmation and affirmation for cleared and bilateral s OTC derivatives trades using OSTTRAʼs suite of products (DSMatch, MarkitWire, TradeServ) to enhance trade accuracy and mitigate counterparty risk.
- Working with front-to-back operational processes: - ensuring accurate accounting for OTC/CCP trade activity, settlement of income on CCP swap accruals, and reclassification of broker accounting entries related to coupon accruals (IRS, CDS), FX transactions, and other derivatives accounting offset.
- Conducted daily cash and position reconciliation between Fund/IM and Broker, identifying and resolving CAB and cash breaks by investigating key processing components like PAI, fees, commissions, upfront payments, interest coupons, foreign exchange (FX), clean coupons, dirty coupons, and cross-currency.
- Coordinate internally with the trade processing team:- for missing trade details and coupon details for offset, and work with the broker for missing trade and position details.
- Utilized TLM (Transaction Lifecycle Management):- for reconciliation, enhancing efficiency and control over trade and cash breaks.
- Supporting risk reporting and governance activities : - providing accurate trade data and insights for risk assessments, control testing, and process improvement initiatives.
Arbitrageur
SMC Global Securities Ltd
Mumbai
04.2018 - 05.2020
- Directed trading of derivative products like index options, stock options, and futures, ensuring strategic execution
- Leveraged data analysis to develop and implement strategies, uncovering profitable arbitrage opportunities
- Compiled and analyzed reports, delivering actionable insights to management
- Management to optimize risk and return
Education
MA - ECONOMICS
NIMS
Jaipur08.2022
PGPSM - Capital Market
NISM (SEBI)
Mumbai06.2018
PGDBM - Business management
RTMNU
Nagpur11.2017
B.COM -
RTMNU
Nagpur11.2013
Skills
- Cash reconciliation
- Risk reporting
- Position reconciliation
- Trade processing
- Trade confirmation
- Ability to Multitask
- Communication Skills
- Ability to Work Under Pressure
Certification
- NISM-series-XIII-Equity Derivative, Mumbai, Maharashtra, 09/01/24, 09/30/27
- NISM-CRISIL Certified Credit Underwriter Programme (NCCCU), 09/01/24
Languages
- English
- Hindi
- Marathi
Timeline
Associate 2
StateStreet India Pvt ltd
03.2024 - Current
Arbitrageur
SMC Global Securities Ltd
04.2018 - 05.2020
MA - ECONOMICS
NIMS
PGPSM - Capital Market
NISM (SEBI)
PGDBM - Business management
RTMNU
B.COM -
RTMNU