RUSHABH KHEDKAR
Derivatives Client Onboarding Consultant
Summary
Experienced professional with a proven track record in the financial services industry. Proficient in client services, investment banking operations, and trade life cycle. Seeking a job opportunity to contribute expertise and further develop skills in a collaborative environment.
Overview
9
9
years of professional experience
Work History
Officer | Consultant- Team Lead
Northern Trust
07.2023 - Current
- Lead a team of 4-6 analysts and senior analysts in managing derivatives client onboarding for institutional clients, utilizing Northern Trust's custody services.
- Successfully onboarded 90+ clients from the North American region in the past two years, ensuring seamless integration, adherence to onboarding timelines, and compliance standards.
- Act as a key liaison between investment managers, brokers, and internal teams (fund accounting, middle office, operations, and settlements) to drive end-to-end onboarding delivery.
- Ensure internal operational readiness by coordinating accurate setup and validation across platforms like Fundmaster, GMI, and Omnium.
- Played a pivotal role in the firm-wide migration from MT to MX (ISO 20022) messaging standards, contributing to testing, implementation, and issue resolutions.
- Mentor and coach team members, provide performance feedback, and foster a culture of ownership, collaboration, and continuous learning.
- Recognized for strong people management, stakeholder engagement, and a proactive approach to resolving client and internal issues with minimal escalations.
Exempt Non-Officer (ENO)
Credit Suisse
09.2022 - 06.2023
- End-to-end ownership of structured note process migration and SOPs streamlining.
- Handling the settlement of coupons, FLP (Fund Linked Product), VFN, and SPV trades. Taking care of custody payments, also by manual payments via AMH.
- Taking ownership of high-value payments, failures, and breaks, resolving them on a priority basis to mitigate risk.
- Having a good knowledge of SWIFT's MT202, MT103, MT900, and MT910.
- Cooperating with other teams (Control Hub, Cash Management, MO/FO) to resolve breaks, making sure all outstanding issues are resolved in a proper manner and within SLA.
- Well-versed in major vendor applications like Intellimatch by SunGard, DTCC, Swift, and NTPA.
- Manage the reconciliation of accounts – controlling tasks to assure that the trades, bookings, and cash flows have been processed as per the request and in accordance with applied policies.
Middle Office Analyst
Citco Group Services (India) LLP
04.2021 - 09.2022
- Monitor collateral positions and issue collateral margin calls on a daily basis.
- Instruct collateral transfer payments via SWIFT.
- Coordinate and process month-end collateral interest between counterparties.
- Preparing daily summaries and dashboards for multiple clients to provide a detailed collateral position on a daily basis.
- Confirmation of OTC trades on vendor platforms, such as Omgeo CTM and Markit Trade Manager.
- Responsible for listed securities settlements, and ensuring trades are pre-matched and subsequently settle on the market between the counterparty and the prime broker.
- Responsible for the review, break escalation/resolution, and subsequent affirmation and confirmation of trades between the client and counterparties.
- Instruct the treasury to transfer payments via SWIFT.
- Prepare expense payments in the Aexeo Treasury platform.
- Work with clients in a professional manner to resolve any open issues.
Senior financial Analyst
Eclerx Services Ltd
11.2017 - 04.2021
- Confirmation of all OTC trades on an electronic platform or on paper for products like vanilla and exotic options, swaps, accumulators, de-accumulators, and other trades.
- Ensure the timely receipt of OTC affirmation and confirmations from trading counterparties via calls and emails.
- Great understanding of the trade life cycle, starting from trade execution to the settlement of a trade, which provides a helping hand to the front office and middle office in the reconciliation of trade economics and provides trade support.
- Liaison between the trading desk, counterparties, and the legal department to resolve any legal language or economic disputes on OTC trade confirmations.
- Ensuring the accurate confirmations by utilizing the ISDA definitions, supplements, and Master Confirmation Agreements.
- Execution of trades under various events, like novation, partial termination, increase, and full termination.
- Maintaining accuracy and consistency around term sheets, risk bookings, and confirmations.
- Investigation of queries, ensuring that all issues are resolved in a timely manner.
- Responsible for preparing various reports and dashboards to assist client requirements.
Analyst- Client Servicing
KPMG India
07.2016 - 08.2017
- Responsible for providing the best advisory services to the client.
- Involved in maintaining a cordial relationship with clients and developing strategies for them for a long-term, mutually beneficial association.
- Managing the allocation of various checks to respective teams in order to complete the verifications within the company's TAT.
- Monitoring service delivery and account maintenance.
- Acting as an interface between KPMG and clients.
- Responsible for handling monthly invoices, daily billing, and validations.
Education
Post Graduate Diploma - Finance
Symbiosis Institute of Business Management
Pune 04.2001 -
BBA - International Business
MIT School of Management
Pune 04.2001 -
Skills
Team collaboration
Experience with trade life cycle processes
Derivatives operations
Problem-solving
Analytical thinking
Accomplishments
- Was rewarded with Analyst of the Year 2019
- Was rewarded with 'Spot Award' for consecutive three quarters in a year for performing well in the dedicated role.
- Collaborated with team of 20 in the migration of MT to MX messaging standards.
Timeline
Officer | Consultant- Team Lead
Northern Trust
07.2023 - Current
Exempt Non-Officer (ENO)
Credit Suisse
09.2022 - 06.2023
Middle Office Analyst
Citco Group Services (India) LLP
04.2021 - 09.2022
Senior financial Analyst
Eclerx Services Ltd
11.2017 - 04.2021
Analyst- Client Servicing
KPMG India
07.2016 - 08.2017
Post Graduate Diploma - Finance
Symbiosis Institute of Business Management
04.2001 -
BBA - International Business
MIT School of Management
04.2001 -
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