Prasad Kocheri
Investment banking operations
Pune
Summary
To pursue a career in a good professional environment where my knowledge will be put to best use thus helping me to improve and achieve the best & to contribute positively to the growth of the organization by ensuring efficient and effective support.
Overview
6
6
years of professional experience
3
3
Languages
Work History
Senior Analyst (US Global Reconciliation)
Norther Trust
- The team reconciles the instructions from Investment Managers, Client via work-flow application and SWIFT to review the cash movement activities, foreign exchange deals, trades, internal stock movement and other ledger and book/journal entries
- Responsible for daily reconciliation and investigations of for-ex deals, Income, Derivatives, Trades & Corporate action deals with clients, investment managers, and corporate institutions
- Liaising with Sub-Custodian, Intermediaries/Counter-parties for the timely application of money into the client's account
- Developing & maintaining procedural documents (SOP) and managing change control of documents
- Complying with FCA regulations concerning CASS rules which govern and protect the client’s assets and money
- Identified and shared ideas on auto matching of transactions and auto assignment rule where it helped team intervening manually and worked closely with SWAT, GRITS, Robotic teams to implement new automation /process enhancements in place
- Mentoring new operations executive and provide them cross training for all process for smooth functioning of process
- Proficient to work on applications such as TLM, Fund Master, IMS, GCM, WCM
- Identifies and manages resolution of service delivery root causes and setting up controls
- Have full ownership for one or more processes, reports and or procedures
- Performed for all external KPMG audit for Cash and Security reconciliations
- Continuously work on things like process improvements, cost reduction, optimum utilization of resources, best practice sharing and so on.
Operational Executive
BNY Mellon International Pvt Ltd
09.2016 - 08.2017
- End to end reconciliation of Security Position and transaction reconciliation by using TLM Application and Investigate breaks and assigned to correct department for further investigation as per agreed SLA’s and procedure
- Working closely with sub custodian for any missing statement to get details on time to achieve our deadline and effectively with stakeholders to resolve discrepancies in timely and efficient manner
- Worked under tight deadlines associated with reconciliation & reporting’s.
Inter representative
BNY Mellon International Pvt Ltd
09.2017 - 10.2022
- Performing CIBC Position & Transaction Reconciliation worked on cash, wire payments, cheque, EFT and stock reconciliation
- Daily/weekly/monthly financial reporting, Accountable for operational risks, their control, and best possible solutions proposed to the management
- Escalations handling related to process / people management issues
- Prepared on SOP of EFT account where there was application and process changes and shared with manger
- Worked on Audit related query and provide data to auditor as per their requirement within deadlines
- Worked proactively on emails and timely escalated issue management.
Education
MBA - Finance, India
VTU University
Belgaum, India 04.2001 -
Skills
Problem solving approach
Excellent verbal and communication skills
Ability to perform both as an individual and work as good team player
Positive Attitude, Hard Working,Sincere, Willingness to learn
Current Organization
Norther Trust, 10/17/22, present
Current Designation
Senior Analyst (US Global Reconciliation)
Process Summary
The team reconciles the instructions from Investment Managers, Client via work-flow application and SWIFT to review the cash movement activities, foreign exchange deals, trades, internal stock movement and other ledger and book/journal entries. Responsible for daily reconciliation and investigations of for-ex deals, Income, Derivatives, Trades & Corporate action deals with clients, investment managers, and corporate institutions. Liaising with Sub-Custodian, Intermediaries/Counter-parties for the timely application of money into the client's account. Developing & maintaining procedural documents (SOP) and managing change control of documents. Complying with FCA regulations concerning CASS rules which govern and protect the client’s assets and money. Identified and shared ideas on auto matching of transactions and auto assignment rule where it helped team intervening manually and worked closely with SWAT, GRITS, Robotic teams to implement new automation /process enhancements in place. Mentoring new operations executive and provide them cross training for all process for smooth functioning of process. proficient to work on applications such as TLM, Fund Master, IMS, GCM, WCM. Identifies and manages resolution of service delivery root causes and setting up controls. Have full ownership for one or more processes, reports and or procedures. Performed for all external KPMG audit for Cash and Security reconciliations. Continuously work on things like process improvements, cost reduction, optimum utilization of resources, best practice sharing and so on.
Professional Overview
A result-driven professional with 7 plus years of experience in End to end Global Custody Reconciliation, CIBC Reconciliation, SAP Business Object reporting, Internal and external Audits. Having deep knowledge of Custody Operations and Reconciliation along with well-versed with Reconciliation term. Expertise in identifying troublesome areas and implementing corrective measures. Experience in working with the various team into reconciliation.
Timeline
Inter representative
BNY Mellon International Pvt Ltd
09.2017 - 10.2022
Operational Executive
BNY Mellon International Pvt Ltd
09.2016 - 08.2017
MBA - Finance, India
VTU University
04.2001 -
Senior Analyst (US Global Reconciliation)
Norther Trust