Raunak Motiwale

• Responsible for coordinating the settlement process of fees and expenses with Global Capital Markets clients and other syndicate banks.
• Worked on the Regulatory Reporting for Bank of Italy and Canada. Reporting deals for Fixed Income and Equity from various regions to the authorities ensuring they are done within deadlines and as per compliance guidelines.
• Responsible for coordinating the initiation and approval process of Call Back Verification for GCM clients and Syndicate Banks.
• Managing initiation of fee payments to Syndicate banks which requires strong attention to details.
• Coordination of account openings for GCM issuers and clients.
• Maintaining a strong control framework through daily reconciliations of cash and stock breaks.
• Monitoring of aged bonds and stock fails and making sure they are cleared in a timely manner.
• Managing sales credits and Muni Desi attribution process for all GCM activity.

Projects Undertaken

In the past 2 years, I have worked upon 3 major automation projects which provided major help in making the processes faster and more efficient. I got trained and made use of tools called Alteryx, Power BI and prepared a bulk upload template using excel sheet along with the IT. These efforts contributed as per the below.

• Alteryx is used in the Muni Desi process which is considered highly manual and time consuming. It took on average around 2-3 hours for a single deal to be finished from start to end. By understanding the complete process and then creating the workflow for it in the Alteryx tool, now we get the process done within a few clicks and it is done within a time span of 30-40 minutes. Also, the results that we get are very reliable and we are looking for more avenues to use this tool within our other processes.
• Power BI tool is used for making the daily reconciliation on the settlement function. We got onboarded to Power BI reconciliation from the excel sheet. It has benefited the team by saving time for manual reconciliation done on daily basis and also by making the data presentable which helps in easy and clear understanding to us and the management.
• The bulk upload template which is used for processing multiple payments and receipts to the syndicate banks was a personal idea which I suggested to the management. Here, we put all the payment and receipt data in a single excel sheet rather than manually updating each checklist in the system and at one go can process upto 40 payments saving good amount of time. The template proved to be very reliable and is now also being used in the other regions for making payments and booking receipts.

Vendor and Employee Payments

• Processing Invoices
• Coordinating with Business for Approvals
• Finding discrepancies and resolving the same at the earliest
• Auditing vendor and employee payments
• Invoice accruals
• Working on aged items and pushing for its approvals
• Process day to day activities with set bench marks and minimal errors
• Ensured strict adherence to all internal and external process guidelines including compliance and legal to build robust control environment
• Ensuring there are no KPI misses, breaches and violations.

Trade Finance and Reconciliation

• Reconciliation and payment of broker invoices on monthly basis
• Resolving incoming breaks
• Liaising with sales, trader and front office to resolve trader related queries
• Posting journals and allocating trader charges accurately
• Updating daily MIS, Dashboard and weekly ,monthly KPI
• Execute daily and monthly tasks related to the process with minimal errors.