Renuka Devi M

Settlement and Confirmation function

- In Financial marketing operation – we handle Foreign exchange (FX) and Money market (MM) settlements process for Inter banks and Corporate Clients.

· Good working knowledge in OPICS / MUREX 3.1/FMSRE/AMH and CDUPS applications.where we closely monitor for the trade flow and Confirmation dispatch

· Check for incoming SWIFT confirmations to settle the deals. Any mismatches in trades booked are highlighted to traders for necessary amendments.

· Cancellation messages (MT 192 & MT 292) are advised for payment release cases post investigation.

· Prepare manual payment messages like MT 202, MT202cov, MT 103, MT 299, MT 999 & MT 199 as per the requirement

· Raise request for SSI setup in our TP system for all clients.

· Advice the match-off entries to GRU. Necessary rectification is posted in case of any breaks.

· Sending currency reports to respective teams on daily basis.

· Verifying the Suppress, Hold and Cancel reports.

· Verifying the general ledger entries posted in system.

Corporate utilization trades (Branch FX suspense RECON)

· Investigating the outstanding breaks in branch FX suspense.

· Reaching out to the client/respective department to enquire further and requesting the status.

· Preparing manual vouchers for net difference postings.

· Monitoring advised, unadvised and net adjustment entries and resolved the breaks.

· Co-ordinate with the sales and other department in case of discrepancies.

· The entries that are ageing V+3 and above are reported to sales and CCR. Past due trade details are updated in the share point on daily basis.

· Capturing appropriate comments in TLM and update in the share point on monthly basis.

Oversaw daily reconciliations, ensuring accurate financial reporting and minimizing discrepancies.

CLS Operations and Singapore External Validation function

• Electronic matching of the confirmations of FX & MM product.
• Assisting clients regarding the trade settlement queries on a timely manner.
• Acting as intermediate between Front Office & Client.
• Dealing with the CLS (Continuous Linked system) deals.
• Providing samples for monthly KCSA checks, Fort update.
• Identifying the risks, finding the preventive causes for the same.
• Knowledge in FX/ MM & CLS function.
• Interact with senior management and operate within the agreed customer and company’s Standard.
• Constant interaction with both Middle Office and Front Office to deliver proper service to Client on time.
• Maintaining the end to end static by creating the Standard Settlement Instructions which helps the client to trade.
• It involves updating of the Client’s all sort of static changes based on both the internal request and External request such as Alert, Swift message and Broadcast.
• Sending authenticated Swift messages to various bank requesting clarification on their Settlement and other details.
• Carry out Dodd Frank & EMIR reports with strict adherence to regulatory and policy guidelines.
• Performing Disaster recovery test and Business Continuity Plan test on regular intervals.
• Maintaining and updating Tracker, Client static tracker, Time sheet, Call back details and error report on daily basis.
• Experienced hand on in Murex3.1, CLS MI, SC STAR, FEDS and OPICS.
• Analysing current processes and recommending solutions to improve processes.
• Timely review of procedures & DOI (Department Operating Instruction) & ensuring no deviation in the process.