Priya Kannan

Project - EMEA Equity Prime Brokerage Settlements

• Work with the Custodian, Clients and brokers to ensure timely settlements for EMEA markets.
• Followed up with counterparty to pre-match the trade/ resolve and identify the major settlement issue (Short Share/SSI setup/Moving shares from Foreign to local line etc.)
• Ensured settlement of trades (equity) on timely basis targeting the settlement date.
• Monitoring trades for any potential partial, Net Off or Pair off with the CP and Making Wire Payments for Pair offs and FOP trades.
• Funds depot to ensure sufficient funds for buy trades and to avoid fails due to insufficient fund.
• Ensure instructions are released correctly and timely. Communicate with external custodian/clients via phone /email throughout the day.
• Prioritize on reducing failing SELL trades to mitigate the risk of buy-in threat to the firm and prioritize on high volume trades to avoid overdraft.
• Take necessary steps to ensure that Buy-in threats are avoided to the firm due to failing trades.
• Ensure that all clients query, requests, escalations are responded and resolved in a timely manner.
• Ensure to pre-match trades on SD-1 with counterparties, amend trades for any discrepancies for unmatched trades to ensure that trades settle on SD to avoid fail fees or possible buy-in.
• Liaising with Front office, Middle office, Traders for any discrepancy in the trade and rectifying the same.
• Liaising with Traders and Stock loan teams to cover the position if Firm is overall short of shares.
• Ensure that there are no dupe trades or dupe instructions in the market.
• Manage the daily incoming /outgoing cash payment process in relation to trade settlement.
• Creation of Swift message MT599 for any Trade amendment (TD, VD, Qty, SSI details, Shape mismatch to match CP) and MT202 for any payments (Borrow Fees, Fail fees to brokers & Monthly expenses& Interest charges to Custodian) MT545 and MT547 settlement confirmation.
• Timely and accurate processing of corporate actions announcements, convey and mange entire event deadlines with customers both internal as well as external.
• Managing PB Equity EMEA Markets settlements and also ensure Inventory is in place to avoid any buy-in or penalties.
• Handling ADR conversions and client migration and ensure that daily funding is in place for settlements.
• Realign the stock from another depo if required and borrow the stock from the stock loan team if required.

Project - Barclays Fixed Income operations and Equities,(Setlements).

• Specialist in handling those trades which are booked in Domestic (European Markets) & euro clear location and also settling the trades via cross border
• Handling Pre settlements and Fails management.
• Day to day working on the fails and pre matching on cash.
• Working on high value trades on daily basis and ensure maximum efforts put on those trades to settle the trades before cut off. Works on about 1 Billion worth of trades daily to ensure fails exposure under control.
• Instructing the trades via Euclid, FISS, Creation online and GLOSS to release the instruct in the market.
• Responsible for the trades which are failing and make sure the unmatched trades are matched and settles.
• Resolution of failing trades with close follow up with Front Office and resolving queries on cancelled trades, handled all customer queries and complaints.
• Use to plan and allocate the work accordingly and monitor the queue.
• Working with clients for full / partial pair off the trade, offering partials or checking with CP for partial on shorts. Checking with desk for cover liaising with DEPO team for bond movement which ensures timely settlement.
• Ensures checklists are closed on time and informing my supervisor if there is any work pending before closing a particular checklist.
• Working on inbound and outbound claims. Checking and validate the reason for the particular claim and ensures we pay only for valid claims.
• Investigating on the post settlement cancel corrected trades. Liaising with client and MO to check for the reason and ensures for valid settlement.
• Working on swift message such as MT103, MT202, MT103&202, Cover payments.
• Settlement of trades on or before Cut-offs without daylight or within daylight cut-off.
• Liaising with clients and counterparties with respect to outstanding confirmations.
• Monitoring Email queries from Clients and other departments ensure emails are responded within the agreed TAT.

Project - State Street Operations in Reconciliation.

• Reconciliation and investigation of Stock Position breaks which include Interest, Dividends, Pay downs, Trades, Corporate Actions and Derivatives for Mutual Funds and Hedge Funds.
• Working for Shares and Cash Reconciliation, providing the reports to the client on a daily, weekly deadline basis.
• Responsible for co-ordinating operational activities between state street bank, Boston and SSPL.
• Managing wide gamut of operations including Corporate Actions, Paydown/Payup Differences, Inflationary Bonds, Collateral etc.
• Hands on experience in using Bloomberg to determine the daily Factors for Paydown/Payup Differences and Inflationary.
• Researching all the Unreconciled exceptions to determine the valid Protocols and providing preferred macro’s as documentation.
• Reconciled almost all the different scenarios of Corporate Action including Merger, Coupon Issues, Stock Split etc.
• Raising IMT’s when there is a discrepancy between Accounting and Custody postings.
• First level Reviewer of all the client deliverables before deadline for all members.
• Dealing with processing of Fractional shares and Settlement of Accounting trades to eliminate the discrepancy between the Accounting and Custody side positions.
• Addition & Deletion of funds as per clients requirement from SMAC and perform reconciliation as per Onshore requirements.

Project - Citi Bank (NA) – Mortgage and Retail Banking

• Auditing foreclosure documents in accordance with applicable requirements using policies and procedures.
• Analyzing Payments Delinquency ensuring that the property is taken to sale within the stipulated timeframe.
• Instructing the loan Resolution consultant to contact the borrower and try to resolve the case through resolution.
• Instructing the attorneys to file Foreclosure case in the court on the basis of payment delinquency and action the property to recover debt.
• Providing requested account balances for social security administrations.