PRASAD PATIL

Collateral and Cash Reconciliation (12 months)
Chase counterparty for daily collateral reports for margin call calculation purposes.
Prepare the Daily Margin Report (DMR) for client SEG.
Create daily collateral margin call wires as per DMR and send them for client approval.
Perform the daily collateral balance and transfer cash flow booking activity.
Perform collateral cash reconciliation on a daily basis.
Perform Collateral monthend activity and provide sign-off to the valuation and FA teams within the deadline timeframe.

OTC Position Reconciliation (3.5 Years)
Perform daily OTC position reconciliation for EQS, CDS, IRS, EQO, and FXO products for more than 10 clients.
Downloading counterparty statements from their portal for reconciliation purposes.
Proactively meeting all deadlines (Daily, Month-end, and Ad hoc) with a high level of accuracy.
Prepare the Daily OTC Position Reconciliation Report (MIS).
Coordinating with the client and US counterparts to resolve the breaks after break investigation.
Ensure timely sign-off of reports to clients and internal teams.
Responsible for coordinating with the team for daily work allocation and solving team doubts and queries.
Provide training to the new employees in terms of product understanding, daily process undertaking, and month-end reconciliation.

OTC Documentation Process (2 Years)

Review/reconcile the OTC trades like EQS, EQO, FXO, CDS, IRS, etc. as per the counterparty paper confirmation document. Anyalys trades discrepancies and chases clients or counterparties via email or phone to resolve breaks.

Trade confirmation on electronic platforms such as DTCC, Markitwire on behalf of clients.

Perform confirmation recon to review DTCC and Markit wire trades. To monitor the non-receipt of outstanding confirmations and chase counterparties in a timely manner.

Liaising with internal teams like valuation, position recon, settlements, and collateral to resolve their booking-related doubts.

Settlement and Cash Reconciliation (12 months)
Reconciling daily settlement for OTC products like FXO, EQO, EQS, CDS premium, fess, and coupons.
Get confirmation from the respective client and counterparty for the settlement amount as per the settlement date in a timely manner.
Make daily payment wires for the agreed settlement amount.
Raise the CDS coupon amount and make wires as per settlement date.
Perform cash reconciliation for all settled amounts.
Raise respective breaks with the client and counterparty after the investigation to resolve the same.

Trade Capture (3 Years)
Trade booking and amendments for OTC products like EQS, FXO, IRS, and CDS on behalf of the client.
Tracking daily failed trade checks for OTC products, analyzing the reasons for failed trades, and reaching out to the client for more details if required.
Analyzing the recurring failed trade issues and fixing them.

Testing - UAT/Production (3 Years)
Automation: Counterparty/SSNC data load, Email rules for auto-loading, Template updatation.
Projects: Onboarding client on Go rec OTC, client additional requirement projects.
Perform Positive/Negative testing after system upgrades (Geneva/Go applications).