Sangamesh Kumatagi
Financial And Hedge Fund Services
Bangalore
Summary
Dedicated and results-driven financial professional with 14 years of extensive experience in Investment Banking, Custody Banking, and Hedge Fund Services. Proven track record of managing complex financial operations, driving efficiency, and delivering strategic solutions. Seeking a challenging role where skills in financial analysis, risk management, and team leadership can contribute to organizational success.
Overview
15
15
years of professional experience
10
10
years of post-secondary education
1
1
Language
Work History
Assistant Manager / Middle Office
Intertrust A CSC Group
Bangalore
02.2014 - Current
- Led team of professionals in providing comprehensive hedge fund onboarding and administration services
- Collaborated with clients to understand their needs and ensured seamless service delivery.
- Coordinate with client's trade blotter system/service provider and client to facilitate necessary access and setups for required trade reports.
- Test trade file receipt from client after setting up the trade file in internal system according to the standard template. This ensures smooth process flow before going live
- Monitoring security master data and setting up details as needed
- Coordinate with Prime Brokers to set up reconciliations for positions and cash by gathering statements.
- Support pre- and post-settlements, including reconciliation and investigation, encompassing post-settlement reconciliation of discrepancies between expected cash and actual cash.
- Conducted regular training sessions for team members to enhance their skills and knowledge.
- Coordinating with all internal teams within the organization, such as the Operations team, Middle Office team, and Fund Accounting teams.
- Worked as part of Onboarding process with 5 members team
- Managed a team of five members providing support to a US-based hedge fund.
- The team is responsible for PIPE securities data and life cycle management
- ASIAN trades and corporate action booking for both listed and non-listed securities in internal system
- Preparation of various daily reports as per client requirement and submitting i.e Short selling, Restriction date, Expected expiry date and warrant in the money reports
- Monitor SEC filings for PIPE holdings and send emails to the client in case any filing has a material impact.
- Prepare the monthly pricing file for Sterling, including pricing for PIPE securities, and submit it to the client
- Preparation of monthly reports like P&L allocation by trader, preparation of valuation report and submitting valuation reports to investors upon receipt of client approval
- Ensure that Checklist are updated, Errors are updated in logs and process documents are in line with SOP
- Handling client/external queries and responsible to handle if any escalation
- Preparation of MIS, KPI and capacity reports and submitting to management on periodic basis.
Analyst / Derivative Trade Capture (Middle Office)
Bank of Newyork Mellon India
Chennai
08.2012 - 01.2014
- Successfully coordinated the migration of Derivatives OTC Trade capture process to Chennai which included more than 40 fund manager
- Migrated all Pittsburg Manchester clients to Chennai as per schedule and made process go live before the deadline
- Input non STP trade bookings, trade enrichments and trade undertook position & price amendments, product set-up and maintenance
- Summit project – Worked closely with IT team on summit project and moved all position of IRS, CDS & CDX for across clients to summit from IAS application
- Trained all new colleagues on products and process
- Prepared Standard operating procedure for across all activities in the team in order to make new jennies to understand process and perform well
- Responsible for processing all the settlement cash flow advised by client before currency cut-off
- Improved relationship between different areas of the bank
- Consulted with IT to implement changes to existing system functionality
- Performed daily reconciliation between risk and trade booking / accounting
- Resolved ad-hoc queries from accounting, client and onshore
- Improved the quality of MIS being presented, designed much more user friendly and intuitive reports for senior management
- Educated team on how to identify and reduce errors
- Focusing on root cause analysis and improving controls
- Responsible for the daily operation and management of trading client and updating status to management.
Process Executive / Analyst – Derivatives Settlement
Deutsche Bank organization of India
Bangalore
11.2008 - 07.2012
- Team- Settlement team
- Pre-confirm cash flows and SSI's with the counterparty at least 5 business days before the value date for OTC derivatives transactions.
- Allocate, investigate, and resolve discrepancies in rates, notional amounts, and calculations by submitting amendment requests to internal teams, ensuring compliance with SLAs
- Reconcile nostro accounts for all deliverable currencies of the firm
- Making payments and receipts as per confirmation from client through Payment systems
- Initiate and Verification of manual payments in MINT/SWIFT
- Regular communication with internal departments such as Finance / Middle Office / Front Office including traders to resolve the discrepancies Rate, Notional amount, legal entity, SSI's etc
- Team -Reconciliation
- The Funding process ensures the best use of Bank's funds at all time by identifying errors in funding and rectifying it at the earliest
- It is basically reconciling expected cash flows with the actual cash flows so that the bank does not borrow or lend more than it needs to
- Allocation of Workflow among Team
- Chasing Middle office and IT team to resolve issues
- Sustaining the potential Interest charged by Agent banks and informing higher manager the causes for the Overdraft for further action
Education
MBA - Banking And Financial Support Services
Mysore University
Mysore 01.2011 - 01.2013
B. Com -
Karnataka University Dharwad
Talikoti 05.2005 - 05.2008
Pre University -
S.K. Pre-University College Talikoti
Talikoti 01.2003 - 01.2005
S.S.L.C -
S.K. High School Talikoti
Talikoti 01.2000 - 01.2003
Skills
Good knowledge Capital market - Derivatives products and settlement
Understanding client's requirements
Profound ability to work effectively under pressure
Fair understanding of Collateral Management and Fund accountingKnowledge of reconciliation for various products and methods
Knowledge of SWIFT – MT202, MT299 and MT292
Personal Information
- Passport Number: B9724756
- Passport Expiry Date: 01/01/2034
- Date of Birth: 12/07/1987
- Nationality: Indian
- Marital Status: Married
Products
Derivatives – IRS, CDS, Forward, Futures and Swaps, Bond, Equity, FX and Option, PIPES
Achievements Interests
- Scheduler setup to auto load all internal and external reports into recon system and to run recon.
- Implemented Duplicate Dividend reports with advent per client request.
- Implemented process improvements in reconciliation procedures, resulting in a 20% reduction in errors and increased accuracy
- Passionate about mentoring junior team members, contributing to team-building activities
- Had been a part of Process Migration and new branch setup at BNYM.
- Involved in GCMS project – GCMS is the application to replace the Funding manager application which was used by Trader to maintain fund information.
- Undergone and successfully completed Imagine v/s DB Trader STP Project: – Done root-cause analysis to Option trades which were stuck due to various discrepancies, identified the issues & fixed it in upstream for trades to flow STP from DB Ticket, Result- saved 2 FTC's and cost of the company.
- Involved in Dealer code issue project in FOBO reconciliation team which was resulted to reduce the 0.5 FTE work.
Disclaimer
I hereby declare that all the details furnished above are true to the best of my knowledge.
Timeline
Assistant Manager / Middle Office
Intertrust A CSC Group
02.2014 - Current
Analyst / Derivative Trade Capture (Middle Office)
Bank of Newyork Mellon India
08.2012 - 01.2014
MBA - Banking And Financial Support Services
Mysore University
01.2011 - 01.2013
Process Executive / Analyst – Derivatives Settlement
Deutsche Bank organization of India
11.2008 - 07.2012
B. Com -
Karnataka University Dharwad
05.2005 - 05.2008
Pre University -
S.K. Pre-University College Talikoti
01.2003 - 01.2005
S.S.L.C -
S.K. High School Talikoti
01.2000 - 01.2003