SARATH KUMAR SEKAR
Chennai
Summary
Dedicated finance professional with a decade of expertise in exchange-traded derivatives, funding reporting, Asset servicing, Corporate Actions, payments & reconciliation. Seeking a challenging role to leverage my expertise and contribute to a dynamic financial institution.
Overview
12
12
years of professional experience
Work History
Associate (Manager) – Exchange Traded Derivatives
NatWest Markets Plc,
07.2022 - Current
- Performing Margin payments & Verification based on the market report as per previous business day (AMH & SWIFT).
- Executed complex financial transactions related to physical delivery (EUREX, ICE & CME).
- Played a key role in compliance monitoring and ensured adherence to industry regulations.
- Ensuring on all reports from broker/Clearer with no discrepancies and following up with them closely to resolve any differences (BNP Back office team).
- Responsible for reviewing the coverage of control frameworks across the business and propose plans to address the gaps
- Responsible for understanding the impact of business change on the control environment and working with the Business Change Managers to ensure appropriate action is taken to mitigate emerging risks
- Establish a process to integrate IT general, application, and interface controls into the overall controls framework, testing, and process
- Review and improve the processes to track and report progress against actions and audit gaps
- Over saw payment processing operations, streamlining procedures to reduce errors by 20%.
Senior Analyst II
NatWest Markets, Plc
05.2020 - 06.2022
- Prepared and presented funding reports to senior management, highlighting key financial metrics from agent source data and from internal source system (Calypso).
- Conducted in-depth analysis of various agent reports and internal report to inform trading decisions.
- Managed funding reporting processes, ensuring accuracy and compliance with regulatory requirements.
- Establish mechanisms that reduce risk and cost
- Developed and maintained risk management databases, resulting in a 50% reduction in data entry errors and a 20% increase in data accuracy.
- Collaborated with cross-functional teams to develop and implement asset servicing strategies.
- Maintained detailed records of funding transaction and reported on liquidity positions.
Senior Analyst II
NatWest Markets PLC,
07.2019 - 05.2020
- Dealt with internal stake holders on fixing and static details of securities if in case of any discrepancy.
- Coordinated corporate actions activities, minimizing operational risks and enchasing the efficiency
- Conducted thorough reconciliation of financial data to identify and resolve discrepancies.
- Prepared and presented monthly balance sheet MIS and representing entire Asset servicing to provide an handover on trade level break to the book owner
- Worked closely with legal and compliance teams to ensure regulatory compliance in corporate actions.
Senior Analyst
NatWest Markets, PLC
03.2017 - 07.2019
- Executed and monitored the coupon and redemption trade fixings agreed with counterparty and custodian
- Implemented automation solutions for payment processing, resulting in time and cost savings.
- Led reconciliation team, reducing error by 20% through process improvements.
- Prepared and presented MIS on daily basis to shows the day to day volumes to the management also will provide an update on the aged breaks which is more than 30 days.
Senior Analyst
Barclays Shared Services
11.2012 - 11.2016
- Responsible to monitor the coupon and redemption trade fixings agreed with calculation agent
- Processing the payments and stock redemptions as per the upstream bookings to various paying agents and across multiple market
- Hands on experience in SWIFT message like MT202, 542, 540, 565, 599, 299, 103.
- Accountable to perform cash, Nostro , stock position custody accounts reconciliation as per bank control standards, Reviewing the client money breaks and allocate the funds as per CASS regulations
- Interacting with various trading desk, MO, custodian and stake holders for quick resolution of breaks
- Reconciling the front and back office systems to ensure the bookings are flown to correct P&L category and trading books, reporting if any breaches and perform root cause analyses
Education
MBA - Finance And Marketing
SRM University
Chennai, India06.2012
Bachelor of Arts - Commerce
RKM Vivekananda College
Chennai, India05.2010
Skills
- Ability to adapt to a dynamic work environment and constantly changing priorities
- Ability to develop strong client relationships
- Strong interpersonal, relationship management, and communication (speaking and writing) skills
- Extensive experience within a Corporate actions, Fixed income products, Structured Products, Futures and Options Clearing, Payments, Settlements and Stock Deliveries
- Working knowledge of SWIFT, AMH, CREST, CASCADE, CASS, FISS, CALYPSO and GLACIER
Timeline
Associate (Manager) – Exchange Traded Derivatives
NatWest Markets Plc,
07.2022 - Current
Senior Analyst II
NatWest Markets, Plc
05.2020 - 06.2022
Senior Analyst II
NatWest Markets PLC,
07.2019 - 05.2020
Senior Analyst
NatWest Markets, PLC
03.2017 - 07.2019
Senior Analyst
Barclays Shared Services
11.2012 - 11.2016
MBA - Finance And Marketing
SRM University
Bachelor of Arts - Commerce
RKM Vivekananda College
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