Summary
Overview
Work History
Education
Skills
Accomplishments
Timeline
Generic

SAILAKSHMI

Chennai,TN

Summary

Overall 6+ years of experience in Investment Banking with proven experience in leading and optimizing financial operations. Adept at developing and implementing strategic initiatives to enhance payment processing efficiency, mitigate risks, and ensure compliance with regulatory standards. Highly Organized and detail- oriented, with excellent communication and problem- solving skills.

Overview

7
7
years of professional experience

Work History

Payment and Reconciliation Strategy Manager

Goldman Sachs
Bengaluru, KA
09.2023 - Current
  • Worked closely with Change Management Team to implement process change initiative in developing procedure for Payments Team.
  • Identified potential risks associated with payment processing and reconciliation activities, such as fraud, errors and compliance issues.
  • Evaluated existing payment and reconciliation processes to identify inefficiencies. Implemented process improvements and automation to streamline workflows, reduce manual errors, and enhance operational efficiency.
  • Monitored team performance by providing review to team to increase Good Quality Trend which helped in achieving good quality score
  • Worked closely with Compliance and Legal Team to understand regulatory risk in process.
  • Monitored team performance against key performance indicators (KPIs), metrics to track performance trends, analyze data, and generated reports to assess team performance and provided feedback to team to meet regulatory guidelines.

Payments and Reconciliation Specialist

Goldman Sachs
Bengaluru, KA
10.2021 - 08.2023
  • Review on payments getting rejected in payment platform and identifying root cause and resolving it in timely manner
  • Monitored balance of funds in account and proactively dealt with processing ACH, Check and Money order payments
  • Review reconciliation process and break sheet to ensure breaks are cleared and review and resolve breaks from Pending abandoned property.
  • Assist Internal audit, and support audit and compliance reviews in line with corporate standards and connecting with tech team on process enhancement ideas
  • Reporting team queue status and team's productivity on daily basis to divisional head
  • Assessing error trends and root cause analysis and sending out monthly performance review to team members

Treasury and Trade Solution

Citi Corp Services Private Limited
Chennai, TN
12.2019 - 09.2021
  • Worked with client with regard to Global Payment Processing System and raising exception to client.
  • Identified mismatches in reconciliation process which include missing or delayed confirmations and highlighting it to client service team on timely manner so it would protect client from negative impact.
  • Expertise in banking products related to local payments, cross currency payment, remittances, FX (Foreign exchange) and Account Maintenance.
  • Well versed with SWIFT Message types of MT101, MT103, MT202, MT202COV, MT192.
  • Dealt with SWIFT network and worked on various message types, liaising with sanctions and investigations for various transactions & reconciling them through identification of outages and taking actions on outstanding entries.
  • Investigated whether deal has been booked with respective to Worldlink payments and raising exceptional issue regarding deal to Traders team.
  • Analyzed process and provided continuous improvement on reduction of errors, quality improvement and meeting regulatory guidelines for efficient process of reconciliation
  • Investigated about Return of Funds, Rejected payments and Nostro outstanding.
  • Ensuring client satisfaction by highlighting discrepancy to client service.

Treasury Accounting

Franklin Templeton Asset Management
Chennai, TN
06.2017 - 09.2019
  • Worked on Dividend Distribution Tax, Security Transaction tax and NRI TDS funding
  • Payments to investors on bank website based on Dividends, Brokerage and Redemptions on timely manner, payments related to NEFT, RTGS IMPS, Demand Draft and Cheques within cut off time permitted.
  • Reconciling various shareholder's accounts in mutual fund across categories like redemption ,subscription, brokerage and dividends.
  • Review of reconciliation for brokerage bank accounts and ledger/Fund reconciliation for brokerage payable ledger accounts of each scheme.
  • Handled NFO reconciliation for equity and debt scheme and finalized reconciliation in 5 days from the date of NFO closure, where timeline has been reduced from 30 days to 5 days with recent regulatory changes.

Education

Management of Business Administration Finance -

Pondicherry University
Chennai, TN
01.2022

Bachelor degree in Accounting and Finance -

M.O.P Vaishnav College For Women, Chennai
Chennai, TN
01.2017

Higher secondary Education (HSLC) -

Jaigopal Garodia Vivekananda Vidyalaya M.H.S.S, Chennai
Chennai, TN
01.2014

Skills

  • MS Excel
  • MS Power Point
  • Tableau
  • Scrum
  • Agile
  • Power BI

Accomplishments

  • Recognized for reducing the risk on high complex clients and for leading the team in achieving the target as per the management expectations as a leading role
  • Won copper award for handling high complex client and meeting out the client expectations on a timely manner and for mitigating the risk involved.
  • Worked with CITI BANK for an automation in overseas payments which again earlier was a manual process. In this project
    worked on uploading of overseas documents of the distributors.
  • Recognized for automating the payments process of cheques and Demand draft by working with software engineers in fixing the system bug issues and this lead to ease of doing the business and which also cut shorten the risk and the time consumption by the users.

Timeline

Payment and Reconciliation Strategy Manager

Goldman Sachs
09.2023 - Current

Payments and Reconciliation Specialist

Goldman Sachs
10.2021 - 08.2023

Treasury and Trade Solution

Citi Corp Services Private Limited
12.2019 - 09.2021

Treasury Accounting

Franklin Templeton Asset Management
06.2017 - 09.2019

Management of Business Administration Finance -

Pondicherry University

Bachelor degree in Accounting and Finance -

M.O.P Vaishnav College For Women, Chennai

Higher secondary Education (HSLC) -

Jaigopal Garodia Vivekananda Vidyalaya M.H.S.S, Chennai

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