Raj Khot
Process Manager
Pune
Summary
Dynamic Process Manager with over 8 years of experience in Fixed Income, Corporate Actions, and Trade Settlements. Proven ability to manage risk and lead due diligence efforts while efficiently handling time-sensitive transactions. Expertise in identifying operational needs and implementing strategic solutions to drive business success. Committed to leveraging leadership skills to enhance process efficiency and achieve organizational objectives.
Overview
8
8
years of professional experience
Work History
Process Manager
eClerx Services Ltd.
Pune
09.2021 - 10.2024
- Manage day-to-day corporate action events, including principal and interest payments, by effectively leading the EMEA Fixed Income process, consisting of 23 members.
- Reconciliation of coupon claims, such as validation of underlying trades, checking for auto compensation, calculating the coupon amount, and claiming the same from counterparties, processing payments to different counterparties using the internal platform, and internal clean-up, are the majority of the activities processed.
- Emphasizing process improvement ideas, defining task allocation to the team, handling team and client queries, and managing escalations from various counterparties.
- Ensuring timely deliverables around data reporting activities, such as weekly risk metrics, monthly KRI and KPI reports, depth chart, MBR, and QBR reports, etc.
- Efficient in imparting team productivity, with data evidenced in the form of graphs and PPTs to higher management and clients over daily and weekly calls.
- Maintained strong client relationships and managed team during peak periods.
Senior Analyst
Deutsche Bank
Pune
10.2016 - 09.2021
- Expertise in cross-border activities: processing and verification of cross-border trade bookings and fax bookings; preparation and four-eye review of various reports (pending and failed trades report, treasury reporting, coverage reporting, etc.).
- Spain Global Markets - Processing cash reports; booking, amending, and canceling trades (RF, RVP, DF, and DVP), preparation of various reports (Pending trades report, Consolidated reports, Report 60, No Bond movement, etc.).
- Processing and verification of UAE RECON, where manual reconciliation with the investigation of ledgers and statements is done, further reporting the breaks to the UAE team.
- Managing ad-hoc activities between the Spain Global Market and Cross-border, along with other BAU activities.
- Front-to-back processing of the entitlement for CA events (mandatory, voluntary, and mandatory with options), along with the claims and closure of the events for all markets.
- Reconciling the bank position with the agent position to ensure that clients have received appropriate entitlements from the agent.
- Understanding and calculating payables and receivables on the back of open market buy/sell trades, and on stock borrow-loan positions.
- Liaising with counterparties on the open market buy/sell trades, and on stock borrow/loan positions, to agree on CA proceeds.
- Processing and verification of SWIFT messages on the back of agreed Corporate Action claims, i.e. MT 202, 599, 540, 541, 542, 543 etc., with the help of internal applications.
- Liaising with upstream and downstream teams to ensure the correct flow of CA entitlements, and resolving mail queries.
- Expertise in the processing of cash entitlements for mandatory with option events (DRIP/DVOP) via the internal application.
- Processing pre-event checks for every DRIP/DVOP event by ensuring proper details have been fed into our internal system from various sources, SWIFT, CREST, and LSE.
- Verification of the corporate action event set up in the system, validating all client entitlements, and accurate and timely bookings of transactions.
- Performing and verifying elections in the system on the pay date to ensure that cash, as well as stock elections, are correctly booked.
- Resolving mail queries received from external and internal teams.
- End-to-end processing of CA events for high-net-worth individuals (HNWIs) in the Channel Island UK region.
- Processing of income and dividend payments of CA events on shares and bonds to the client via our in-house application.
- Processing various types of proxy meetings (AGM, OGM, and EGM).
- Processing instructions via FMS, Euclid, on behalf of the client for voluntary events.
- For voluntary events, ensure that proper and correct event information is sent to the client so that they can make their elections before the market deadlines, and pass on the CA entitlements to them on the pay date for the elections they have opted.
- Providing confirmation about the business relationship of a customer on a certain date, upon receipt of a request from the client, and performing risk analysis to avoid CCB.
Education
Some College (No Degree) - Commerce
Savitribai Phule Pune University - Ness Wadia College Of Commerce
Pune05-2016
Skills
- Corporate Actions Expert
- Fixed income market claims and reconciliation
- Trade settlements
- Knowledge and hands-on experience of applications like EasyWay, DTCC, LSE, ADX, TLM, IntelliMatch, CREST, TCS BaNCs, etc
- Knowledge about various SWIFT message types
- Team management
- Risk reporting
- Concise communication
- Decision-making
- Attention to detail
- Process automation
- Client relationship management
- Escalation management
Timeline
Process Manager
eClerx Services Ltd.
09.2021 - 10.2024
Senior Analyst
Deutsche Bank
10.2016 - 09.2021
Some College (No Degree) - Commerce
Savitribai Phule Pune University - Ness Wadia College Of Commerce
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