SARATH KUMAR SEKAR
Chennai
Summary
9+ years of enriching experience in diversified financial domain, looking for a position that seeks an ambitious and career conscious towards continuous growth and advancement.
Overview
9
9
years of professional experience
Work History
Associate - Customer Service & Operations
Natwest Markets Plc
Chennai
07.2022 - Current
- Performing Margin payments & Verification based on the market report as per previous business day.
- Ensure smooth reconciliation of previous business day transaction for different markets which pertain to ETD (Exchange traded Derivatives).
- Ensuring on all reports from broker/Clearer with no discrepancy and following up with them closely to resolving if incase any discrepancy.
- Managing Control account and ensuring no incorrect posting to the business account and smooth hand off to the Source system reconciliation team on Month ends.
- Took a lead on migrating the payment system from SWIFT to AMH.
Senior Analyst II
NatWest Markets, The Royal Bank of Scotland
Chennai
05.2020 - 06.2022
- Preparing comparison report with various internal settlement system reports and agent report
- Periodically deliverables of projected cash figures to front office and treasury team on daily basis
- Managing fails investigation and providing update to front office if in case of swing in number across the currency to ensure to maintain the credit line
- Ensure the downstream system bookings reflecting as per static and ledger status as per market to maintain the smooth reconciliation
- Mapped processes to holistically examine business flow and identify improvement opportunities.
Senior Analyst II
NatWest Markets, The Royal Bank of Scotland
Chennai
07.2019 - 05.2020
- Responsible to monitor the coupon and Redemption events on value date
- Dealt with internal stake holders on fixing and static details of securities if in case any discrepancy
- Ensure the downstream settlement booking ledgers are flowing to the books correctly, if books reflect un-netted will be reconciling among this and need to post journal to flatten the books
- Preparing monthly balance sheet MIS and representing entire Asset servicing to provide an handover on trade level break to the book owner
- Supported and aligned efforts to meet business and customer needs.
Senior Analyst
NatWest Markets, The Royal Bank of Scotland
Chennai
03.2017 - 07.2019
- Responsible to monitor the coupon and redemption trade fixings agreed with counterparty and custodian
- Processing the payments as per the booking in anvil with agreement taken from counterparty
- Interacting with various counterparty, custodian also agent bank for coupon rate and coupon due which is due to the business
- Ensure the downstream settlement booking ledgers are flowing to the books correctly, if books reflect un-netted will be reconciling among this and need to post journal to flatten the books
- Preparing 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
Chennai
07.2014 - 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
- Efficaciously working with stock loan and trading desk to ensure no sock fails on redemption
- Ensure the downstream system bookings settled as per the static, sending coupon accrual report to reference data to avoid incorrect price on the bookings
Analyst
Barclays Shared Services
Chennai
11.2012 - 01.2014
- 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
- Increased the STP rates of trade and settlement processing by doing process enhancements
- Transformation of payment process in GILT platform
- MT103 charges on STP process was identified and reduced to minimum charges.
Education
MBA - Finance & Marketing
SRM University
Chennai06.2012
Bachelor of Arts - Commerce
RKM Vivekananda College
Chennai05.2010
Skills
- Payment Approval
- Corporate Actions
- Reconciliation
- Structured Products
- Fixed Income
- Capital Markets
- GILT, AMH & SWIFT
- Settlements
- Microsoft Office
Timeline
Associate - Customer Service & Operations
Natwest Markets Plc
07.2022 - Current
Senior Analyst II
NatWest Markets, The Royal Bank of Scotland
05.2020 - 06.2022
Senior Analyst II
NatWest Markets, The Royal Bank of Scotland
07.2019 - 05.2020
Senior Analyst
NatWest Markets, The Royal Bank of Scotland
03.2017 - 07.2019
Senior Analyst
Barclays Shared Services
07.2014 - 11.2016
Analyst
Barclays Shared Services
11.2012 - 01.2014
MBA - Finance & Marketing
SRM University
Bachelor of Arts - Commerce
RKM Vivekananda College
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