Rahul P S

Middle office/Back office reconciliation

• Managed daily reconciliations of trades, positions, and cash across client portfolios involving multiple Prime Brokers and Works on Middle office and Back-office Reconciliations
• Effectively coordinated with clients and stakeholders to swiftly resolve trade & cash breaks and discrepancies, ensuing minimal impact on operations.
• Reduced resolution time by more than 40% through efficient problem-solving techniques leading to overall client satisfaction.
• Processed various corporate actions such as stock dividends, stock splits, and spin offs for client portfolios. Set up upcoming CA alert reports within the tool to ensure timely notifications of future CA events.
• Conducted weekly/ bi-weekly client calls to review portfolio performance, address concerns and strengthened relationships.
• Proactively involved in client onboarding process and collaborated with cross functional teams, including the account management, data migration & static teams, to coordinate and setup the necessary reconciliation tools and have a smooth integration process.
• Worked on setup of new reconciliation reports tailored to specific client needs, improving accuracy and efficiency in daily operations.
• Conducted daily reviews of portfolio exceptions to promptly identify discrepancies & anomalies. Implemented proactive measures to investigate and resolve issues in a timely manner, ensuring minimal impact on client portfolios.
• Coordinated with internal team in setting up the commission & withholding tax rates within the system across the clients' portfolios. Ensured timely review of these rates with the respective brokers to effectively reduce trade & cash breaks.
• Setting up Brokers Accounts for fund into the system.
• Assist supervisors with responsibilities related to new Fund launches.
• Preparation of SOP’s and updating as and when required.
• Works on End to End Net Asset value calculation for funds.
• Responsible for Pricing Securities to deliver accurate NAV.

Trade affirmation's and settlements

• Trade affirmation- Affirming the trades booked by client with broker's and PB's/ custodian on matching platform.
• Confirming cash, swaps and manually affirming the future trade and sending them to fund admin, PB's and custodian.
• To Ensure the cash and swap trades are settled with good value in the market.

Key Responsibilities :

• Trade Confirmation – Confirming trades booked by client with broker through web-based system or manually, Confirming equities and Bonds over CTM and FX over Misys application.
• Trade settlement – To ensure Equities, Bonds, FX Gross and CLS deals to settle on good value and reviewing fail trades and settling them at earliest to avoid any potential claims.
• FX netting - Calculation of FX, NDF netting, confirming same with broker and sending instruction to custodian.
• Confirmation and settlement of Money Market instruments like REPO, Term Deposit, Certificate of Deposit, Call Deposits.
• Resolving Reconciliation queries.

Key Accountabilities :

• Approx. 30,000 transactions a month are confirmed with brokers globally, exception resolution & other Settlements queries raised by custodians, Interested Third Parties to ensure timely settlement.
• Instructed Swift MT599, MT299, MT292, MT210 and MT202 to Custodians.
• Daily interaction with client, brokers and custodians to meet client defined service level agreement.
• Introduced effective controls by enhancing quality check to ensure 100% accurate cash projection to Client.
• Analysis & reporting of daily / weekly / monthly statistics to senior management.
• Postings of cash and FX into Back-office system for record keeping purpose