Prashanth Kumar BN
Bangalore
Summary
Result-oriented professional with a banking and finance degree from VTU University; coming with 11 years of investment banking experience in a financial institution.
Overview
12
12
years of professional experience
Work History
Team Leader - Fund Accounting & Enlighten Lead
State Street Corporate Services (Mumbai) Pvt. Ltd
Bangalore
02.2021 - 03.2025
- End-to-end servicing of clients.
- Responsible for accurate and timely processing, operations, and controls.
- Oversight of fund service providers, with a focus on operational risk.
- Responsible for all client setup in coordination with the Implementation Team, confirming client requirements, and assisting in the development of those requirements as part of the fund onboarding process.
- Support the Client Relationship team in ensuring streamlined Investor communications.
- Support the review and validation of data as needed, e.g.,
- Fund net asset value, corporate actions, etc.
- Work in close contact with the Fund Service group to ensure that there is consistent, accurate, streamlined processing of the end-to-end operating model for both underlying fund and investor reporting.
- Calculate and validate a daily or weekly NAV of the funds.
- Calculate the performance fee for daily and weekly funds.
- Make sure all the accruals, FX deal trades, CA events, unit deal activity, cash activity, int dividend, and pricing policy are followed correctly while processing NAV.
- Cross-check with the client data and admin data.
- Responsible for on-boarding and setup of new client reporting requests, including report specification and development.
- Arrange periodic client reviews on customer satisfaction, and constant enhancements to the current service delivery.
- Work with the business leads to design and implement the Enlighten technology, concepts, and change management processes across a 24-week implementation.
- Ability to understand finer aspects in operations, and break down functions to identify areas of improvement and productivity gains.
- Partner with the business leads and operational managers to identify redundancies through data transparency.
- Work closely with the business unit and corporate stakeholders to carry out process optimization activities.
Associate to Emerging Leader
State Street Corporate Services (Mumbai) Pvt. Ltd
Bangalore
01.2015 - 01.2021
- Supervised and managed the first line of all Portfolio Administration Associates and team leaders.
- Reconciled and resolved the discrepancies of the client portfolio statements, and ensured that SLAs are met.
- Participated in the development and testing of systems and procedural enhancements, and provided training to the staff on those enhancements.
- Ensured all Operations Service Level Expectations of the team are achieved.
- Prepared reports and reconciled as prescribed by the client, and ensured that quality is given more importance than quantity.
- Monitored all the risk issues on a daily basis and liaised with the functional team and external team to get this resolved.
- Provided an update on all the fund operational risk issues to senior management on weekly calls.
- Acted as a liaison between internal and external clients and stakeholders.
- Had successfully transitioned the position reconciliation and risk control process to JV by leading the project.
Associate
Tata Consultancy Services Ltd
Bangalore
09.2013 - 10.2014
- Reconciled involves manual matching of all items, i.e. Ledgers and statements. The statements are sent from the agent through MT940/MT950, and ledgers are passed internally.
- Applied all unidentified funds to the product lines (internal departments) that are unable to match or do not have corresponding entries.
- Checked all feeds to see if they are flown into the application. Feeds are loans, FX, Summit, interest claims, etc.
- Collected information from the remitter, remitter bank, over the phone, email, and SWIFT.
Education
MBA - Finance
PES Institute of Technology & Management
Shivamogga04-2013
BBM - Finance
KGFG College
Hosanagara04-2011
Skills
- Position, Cash, Nostro, and NAV (Net Asset Value) Reconciliation Asset Management
- Fund accounting
- NAV calculation
- Performance fee calculation
- Client onboarding
- Operational risk management
- Data reconciliation
- Project management
- Team leadership
- Training and development
- Client service
- People management
Affiliations
- Enlighten
- MCH
- TLM
- Bloomberg
- Euro Clear
- MDF
- MCH
- MS Office
- Matrix
PERSONAL DETAILS
Date of Birth: June 20, 1990
Marital Status: Married
Languages known: English, Kannada, and Hindi
DECLARATION
I consider myself competent in management and managerial aspects. I hereby declare that all the information furnished above is true to the best of my knowledge
Prashanth Kumar BN
Timeline
Team Leader - Fund Accounting & Enlighten Lead
State Street Corporate Services (Mumbai) Pvt. Ltd
02.2021 - 03.2025
Associate to Emerging Leader
State Street Corporate Services (Mumbai) Pvt. Ltd
01.2015 - 01.2021
Associate
Tata Consultancy Services Ltd
09.2013 - 10.2014
MBA - Finance
PES Institute of Technology & Management
BBM - Finance
KGFG College
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