Samee Qureshi
Authorized Officer
Hyderabad,TG
Summary
Dynamic professional with 18 years of extensive experience in the financial services sector, specializing as an Authorized Officer at UBS Investment Bank and Team Manager at Broadridge Financial Solutions. Proven expertise in managing international settlements, reconciliations, foreign exchange, payments, and securities lending processes, complemented by a strong background in back-end equity operations, particularly in international equity and DTC settlements. Demonstrated success in leading teams and migrating processes to enhance operational efficiency, with valuable on-site experience in Middle Office roles at UBS in London and settlements in the USA. Committed to leveraging skills and knowledge to contribute to an organization that fosters career growth and development.
Overview
18
18
years of professional experience
1
1
Language
Work History
Authorized Officer
UBS Bank
05.2023 - Current
- On the operational side I was also responsible for tracking our trade flow and making sure that there is an element of risk management and control. Primary role is to monitor and catch errors and raise them to the desk. This responsibility extends throughout our network or associated teams and we constantly liaise with trading desk, client services, confirmations, settlements, Reconciliation and Application support teams.
- Work through the daily fail report and work with back office personnel to resolve failing trades and DK's
- Weekly, monthly, and quarterly risk management and team performance metrics reporting
- Evaluate risk management procedures with a focus on continuous improvement
- Assist with project initiatives designed to improve and streamline existing processes. Work with Product Vendors, Exchanges, Data providers and other service providers to facilitate product upgrades.
- Cross-training with other team members. Train and mentor new hires and ensure they achieve desired competency in the process
- Fails Management, Settlements and Reconciliation:
- Performing DTC pre-matching and settlements for fixed income instruments including collateral, repos, and corporate bonds.
- Assisting in the resolution of all settlement breaks with Prime Brokers, Security Depositories and clients
- Managing financial risk associated with settlement failure by prioritizing high value trades and breaks
- Daily reconciliation between Statement and Ledger of cash and stock transactions as per process procedures and within agreed SLA
- Monitoring the overall functioning of process, identifying improvement areas and implementing adequate measures to make the process more efficient and maximize client satisfaction.
- Established effective relationships with key stakeholders both internally and externally for increased collaboration opportunities.
- Mentored junior staff members, helping them develop their skills and advance in their careers.
- Improved department efficiency by streamlining and implementing policies and processes.
- Implemented process improvements that streamlined workflows, reducing redundancies and increasing operational efficiency.
- Coordinated cross-functional teams to address complex issues, leading to more efficient problem-solving processes.
- Enhanced communication between team members by organizing regular meetings and fostering open dialogue.
- Maintained strict adherence to industry regulations, minimizing risk exposure for the organization.
- Coordinated operations with other emergency service groups.
- Utilized data-driven decision-making techniques to inform strategic planning processes and measure progress towards goals.
- Delivered high-quality training programs, enhancing employee skill sets and contributing to professional development efforts.
- Led critical missions to ensure public safety, achieving significant reductions in crime rates.
Team Manager
Broadridge Financial Solutions
05.2022 - 05.2023
- Driving the Risk call with onshore to address day to day issues and concerns
- Ensuring all control accounts are balanced by EOD and Sign off is sent to the onshore
- Addressing all Escalation's on a timely manner and ensuring that they are resolved on a priority
- Distinguished efforts in assuring that all SOP's are prepared and updated with the latest changes review of SOP as well as followed up with the clients for timely sign offs
- Participating in collaborative initiatives with team members and global managers, looking for ways to continually simplify, improve, and add value to existing business processes
- Helping team in investigating claims, fees, charges, aged fails etc
- Attend monthly meetings with various clients to discuss issues and challenges.
Team Manager
Wipro Limited
11.2017 - 05.2022
- Driving the Risk call with onshore to address day to day issues and concerns for team of 19 members
- Ensuring all control accounts are balanced by EOD and Sign off is sent to the onshore
- Addressing all Escalation's on a timely manner and ensuring that they are resolved on a priority
- Conducting quarterly and yearly appraisals and also monthly connects with team members and ensuring that there is appropriate communication with the team to keep them motivated
Lead Analyst for International settlements process
UBS Bank
12.2014 - 10.2017
- Responsible for the daily supervision and Operations of a diverse team of 9 team members and monitoring daily workload and ensuring smooth Settlement of trades on a daily basis
- During the course of normal day to day operation responsible for identifying any unusual or potentially suspicious transaction activity and reporting and / or escalating in accordance with procedures
- Reviewing and updating SOPs, KPIs and getting approvals from Onshore.
- Creating 300% backups in the team to eliminate key man dependency
Senior Analyst for International settlements process
UBS Bank
03.2011 - 11.2014
- Pre-matching trades executed between UBS and its counterparts
- Settling trades by liaising with counterparties and custodians in different markets worldwide
- Constantly liaising with agents, counterparties, traders and other areas of operations to settle trades at the earliest and develop synergies between the teams
- Reconciling and ensuring the books are balanced
- Constantly seeking to increase efficiency of operations by making constant improvements in operations and trying to minimize settlement risk
Business Analyst (Equity swaps trade support)
UBS (Investment Bank)
03.2010 - 03.2011
- Monitoring offshore teams on brokerage and swaps pricing issues
- Reconciling and resolving any pricing issues on a daily basis
- Maintaining good relationship with the clients and the front office
- Calculating the brokerage to the brokers. Updating the same on the portal for profit and loss on a monthly basis
Analyst
UBS (Investment Bank)
05.2007 - 03.2010
- Migrated Canadian settlement process from UBS Stamford to Hyderabad
- Ensuring broker and client trades are pre-matched and settled
- Worked on unallocated / no name accounts
Associate service executive
KARVY Computershare Pvt Ltd Co.
04.2006 - 05.2007
- Worked as an associate service executive for a stock broking firm. The key responsibilities included interviewing marketing agents, giving them training on financial products like mutual funds, government bonds etc. and coordinating their sales to local clients.
Education
Post Graduate Diploma - International Business
Mountbatten
London01.2011
Bachelors - Commerce
Osmania University
Hyderabad, Telangana, India01.2004
Skills
Work coordination
Team collaboration
Report writing
Emergency response coordination
Time Management
Leadership Skills
Accomplishments
- Pivotal role in improving settlement rate for a crucial client from 70% to 100%
- Worked on automation for settlement processes for manual instructions and FXs which has given Cost benefit of 0.50 FTE
- Worked on agent repair issue and able to save the cost of $30K per annum to the company
- Recognized as Outstanding Performer in delivering PEX project for Jan - Mar 2018
- Supervised team of 19 staff members.
Declaration
I hereby declare that the above details are true to the best of my knowledge.
Timeline
Authorized Officer
UBS Bank
05.2023 - Current
Team Manager
Broadridge Financial Solutions
05.2022 - 05.2023
Team Manager
Wipro Limited
11.2017 - 05.2022
Lead Analyst for International settlements process
UBS Bank
12.2014 - 10.2017
Senior Analyst for International settlements process
UBS Bank
03.2011 - 11.2014
Business Analyst (Equity swaps trade support)
UBS (Investment Bank)
03.2010 - 03.2011
Analyst
UBS (Investment Bank)
05.2007 - 03.2010
Associate service executive
KARVY Computershare Pvt Ltd Co.
04.2006 - 05.2007
Post Graduate Diploma - International Business
Mountbatten
Bachelors - Commerce
Osmania University