Summary
Overview
Work History
Education
Skills
Accomplishments
REWARDS
Languages
Disclaimer
Timeline
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Rakesh Sharma

Rakesh Sharma

Jaipur

Summary

Dynamic Officer Team Leader at Bank of America with expertise in Equity Derivatives and Fixed Income Reconciliation. Relevant knowledge in monthly balance sheet attestation, JE's for rectification of errors, handling client’s queries, skilled in TLM,GRS. I excel in fostering collaboration and ensuring accurate trade settlements, significantly reducing financial risks.

Overview

15
15
years of professional experience

Work History

Officer Team Leader

Bank of America
01.2017 - Current
  • Reconciliation of General Ledgers, Sub Ledgers and Bank accounts with transaction and Balances.
  • Working as an SME in my domain, trained multiple colleagues, always extended the support to clear the aged open items and issues.
  • Month End adjustment/ maintenance for Balances and Transaction into GL, SL & Bank accounts.
  • Review unmatched and failed trade reports and action accordingly to avoid the risk and financial charges.
  • Liaise with front desk for amendments and concern over the trades.
  • Connect with counterparties and different trading participants to ensure correct settlement of trade.
  • Monthly balance sheet attestation across multiple books of accounts and Sub ledger vs General Ledger balances.
  • Preparing monthly reporting completion and pending status of the entire team to avoid any customer and financial losses.

Analyst

Deutsche Bank
11.2014 - 10.2015
  • FOBO /FOFO Reconciliation, Equity Derivatives Reconciliation, Position and Cash Reconciliation, Stock Reconciliation, Intercompany reconciliation.
  • Reconciling and Investigating breaks pertaining to Equity Swap, Options and Futures Trades for Cash and position of securities.
  • Resolving Trade discrepancies between FOFO / FOBO.
  • Well versed with TLM and performing Img vs ADP — FOBO reconciliation for GED.
  • Proactive participation with Middle Office so as to avoid any ops risk.
  • Taking complete ownership of end to end reconciliations.
  • Prepared EOD MIS reports for senior management on daily basis.

Process Developer

Genpact
10.2010 - 04.2013
  • Stock Reconciliation with standard procedures of reconciliation & stock reconciled between Sub ledger and General ledger with proper description, Open items rectified and approved by the approver before the timeline.
  • Stock reconciliation between General ledger and sub ledger with proper backup and description of items.
  • All listed items should equal to General ledger and if there is any discrepancy then report to the client and got the best solution with proper purpose.
  • Open items resolved and rectified before the standard time.
  • All the items reconciled between General ledger & sub ledger and complete before the benchmark.
  • All the Items with proper backup should get approve by the approver before audit the accounts.

Education

B.Com. -

University of Rajasthan
01.2010

Senior Secondary -

Rajasthan Board
Ajmer
01.2007

Skills

  • Equity Derivatives Reconciliation
  • Fixed Income Reconciliation
  • Cash Reconciliation
  • Stock Reconciliation
  • TLM
  • GRS
  • DART
  • ReconPro
  • GCM
  • Frontier

Accomplishments

  • MLI record date report, Bank of America
  • UAT testing and coordination with internal teams,Bank of America
  • Reduction in manual matches and nettings, Bank of America

REWARDS

• Gold Award - For successful completion of T+1 settlement process

• Silver Award - For outstanding performance and maintained accuracy

Languages

  • English
  • Hindi

Disclaimer

I hereby acknowledge that all the above information given by me is correct.

Timeline

Officer Team Leader

Bank of America
01.2017 - Current

Analyst

Deutsche Bank
11.2014 - 10.2015

Process Developer

Genpact
10.2010 - 04.2013

B.Com. -

University of Rajasthan

Senior Secondary -

Rajasthan Board

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Rakesh Sharma