Priya Kannan

Project - EMEA Equity Prime Brokerage Settlements.

• Work with the Custodian, Clients, and brokers to ensure timely settlements for EMEA markets.
• Security Settlements Expertise: Extensive experience in EMEA markets Prime Brokage (PB) Equity trade & Balance order (BO) trades settlement.
• Inventory management: Cross border movement from one depo to another depo, short position cover, making movement like segregation, release per client requirement.
• Operational Efficiency: Support to Middle Office (MO) team issue in issue in trade booking & amendments. Worked with IT team for Missing SSI setup and issue in missing trades or any technical issue. Interacted with custodians for trade unmatched issues.
• Risk Management & CA trades: Managed Buy-In Risk, High value Fails & Priorities the settlement of Corporate Action event risk, Record dates fails effectively.
• Client Focus: Handled Focus, Trend, Aged, High Exposure, and sensitive client trades for timely settlement.
• Escalation: Escalated unsettled trades to middle office & management as per escalation matrix and prepared daily reports for outstanding trades/breaks.
• Reconciliation: Position & Cash reconciliation – comparing the internal books with custody/ Nostro against client’s details and Coordinated with the middle office for necessary amendments.
• instructions and amendments: Instructing manual swift messages MT 540, 541, 543,544,599 and MT2O2 to respective agent ensuring timely settlement to avoid the CSDR penalties and amending the swift instructions to match the counterparties to avoid the risks and fails.

Project - Barclays Fixed Income operations and Equities (Settlements).

• Specialist in handling those trades which are booked in Domestic (European Markets) & euro clear location and settling the trades via cross border
• 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.
• Resolution of failing trades with close follow up with Front Office and resolving queries on cancelled trades, handled all customer queries and complaints.
• 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.
• Investigating on the post settlement cancel corrected trades. Liaising with client and MO to check for the reason and ensures for valid settlement.
• • Settlement of trades on or before Cut-offs without daylight or within daylight cut-off.

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 coordinating operational activities between state street bank, Boston and SSPL.
• Managing with operations including Corporate Actions, Paydown/Pay-up Differences, Inflationary Bonds, Collateral etc.
• Hands on experience in using Bloomberg to determine the daily Factors for Paydown/Pay up Differences and Inflationary.
• 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.