Prashant Patil

Work profile: Mapped under Reconciliation & Performance support process.

• Job Profile & Key responsibilities:
• Managing the reconciliation-based process for 1000+ accounts
• Identified trends and issues by monitoring process performance and metrics
• Providing recommendations for continuous improvement and consistency to senior stakeholders.
• Implemented effective process documentation strategies to ensure compliance with excellence standards
• Implemented robust risk mitigation controls
• Enhanced collaboration with Technology and Business partners on an ongoing basis
• Achieved efficient incident management and accelerated level 2 escalations
• Developed and owned action item plans to address operational processing gaps.
• Preparing KRI deck and conducting bi-weekly and monthly governance call, error review, and catch-up call with clients. Reviewing depth charts and resource utilization for the team.
• Managed team's objectives and successfully conducted performance appraisals

Work Profile: Mapped under reference data management system (RDMS) – Part of the Instrument Data Management team (Equity & Fixed income operations)

Job Profile & Key Responsibilities:
• Active member for smooth transition of the process from Wipro, Bangalore.

Active Equity & Fixed Income SME with ownership of the delivery for the activities performed for APAC/EMEA region and client face-off.
• Got an onshore Client base (London) opportunity to work with clients to gather their requirement, interacting with downstream consumers / end user and provide the information to development / IT team for concrete solution on client's requirements/issues. Active engagement in transformation, automation, and DQ initiatives. Lead the Corporate action automation project successfully, working as an expert from the operations side.
• Standard Operating Procedure (SOP) Review and Control Governance. Managed a team of 4-5 members. Team activities like daily/weekly team hurdles, 1-to-1 discussion with team members, and checking performance gap issues within team members.
• Special projects, Weekend Testing, Additional Efforts – Preparation of complete and accurate test cases covering various positive, negative scenarios for new system changes, sign-off the changes (SDDs) to the system, assessing close impact to the deliverables. Ensured understanding of project scope, deliverables, and outcomes. Collaborated with projects team to optimize daily operations. Act as SMEs and lend support to the BAU team as required. Preparing KPIs and presenting to UBS on a weekly basis, providing RCAs, handling MIS files, and presenting to management. Client engagement, negotiation, and communication alignment with clients' priorities and solving clients' top pain areas. Managed client escalations and effectively handled incidents as the Single Point of Contact (SPOC) for the UBS regional head in my region. SME for setup/amendment of the instruments in the Master system, products such as fixed income products: U.S. Treasury, Corporate, Government, Convertible, Mortgage bonds, Money market CP/CD's, Preferred stock, and Floating rate notes, etc. Equity Products: hybrid structure products/funds, Warrants, Common stocks, Depository Receipts, Exchange traded products, etc. Reconciled instrument data across Master system, Exchange data and Vendors data. Acquainted with the data vendor's sites/systems, e.g. Bloomberg, Thomson Reuters, Six Financial Information, Exshare, CUSIPWEB, London Stock Exchange, and stock exchanges.
Projects Undertaken:
• Newly introduced US Treasury Floating Rate Note automation (Announcement, Auction & Settlement). Automation of TRACE-eligible instrument setup. Automation of Corporate Action events like Name Change, ID Change, Listing, and Delisting, etc. Deployment of newly introduced regulatory attribute by regulatory bodies. Automated Legal entity mastering for Municipal instruments

Work Profile: Mapped in Fixed Income Operations (MBSCC Trade Support)
Job Profile & Key Responsibilities:
Active member for smooth transition of the MBSCC process.

• Monitoring FICC (fixed income clearing corporation), validating & processing CPR claims & trade fails, handling settlement process i.e. NOS (Notification of settlement) & trade entry, processing Trade Assignment as per broker/dealer with ensuring correct price, coupon and quantity with correct trade date & settlement date
• Ensuring that the trades booked in the MCDDI & SMARTALLOC System are flown down, matched, and reconciled properly, and breaks, if any, are reported in a timely manner to the Trading Assistants.
• Reconciled trade data between Risk Systems and Mainframe Applications to prevent errors or incomplete status. For example. Corporate action, CUSIP setup, etc.
• Collaborated with front office and counter-parties to optimize settlements function efficiency.
• Prepared and delivered reports to top management and clients, showcasing critical information and insights.
• Achieved consistent improvement in MBSCC weekly metrics, trade assignment metrics, and CPR claims metrics.
• Investigated and reported trade discrepancies to meet SIFMA compliance.
• Acquainted with the systems, e.g. Bloomberg, Smartalloc, Embs, Ondemand, CDWS, MAC DDI, DTCC, Mainframe, and FID-CRE, etc.

Work Profile: Equity advisor cum Dealer (cash market +derivative + currency market)
Job Profile & Key Responsibilities:
• Handling HNI clients & trading on behalf of them in capital market & currency market
• Handling day to day activity like providing market information, expert's recommendation, Account summery etc. Ensured compliance with internal and external guidelines, resulting in minimal comments during audits and inspections

• Ensured high level of customer service in branch and effectively managed difficult customer situations, resulting in increased client satisfaction.