Satvik Kanaswar

Custody Onboarding

• Overseeing the Migration of Custodian Onboarding Operations from the UK to Mumbai, Starting with a Pilot Batch.
• collaborating with custodians to facilitate the onboarding process for the upcoming launch of M&G funds( OIEC'S / SICAVS)
• Completing custodian account opening forms with precision, providing required documentation to accurately specify all essential markets and cash accounts for setup at the custodian's end.
• Coordinating with the Product Delivery team regularly to provide timely updates on the onboarding progress of the fund. Additionally, organizing weekly calls with the custodian to obtain status updates.
• Guaranteeing the opening of all required markets at the custodian's end, along with confirming the receipt of SSIs (Standing Settlement Instructions) from their side. Additionally, ensuring that the SSIs have been uploaded onto the Alert system by DMT team.
• Responsible for creating and maintaining a comprehensive checklist for all tasks related to custody account opening. Ensuring each task is marked off as completed promptly upon confirmation from the custodians.
• Ensuring compliance with FPI (Foreign Portfolio Investor) license regulations, particularly for funds with an India account. This involves promptly notifying SEBI (Securities and Exchange Board of India) and the custodian about any changes in holdings.
• tri-weekly calls with management to brainstorm new strategies and development ideas aimed at enhancing and simplifying the process.

• Responsible for onboarding potential clients and organic clients, ensuring that all documents are received, accounts are opened, and entitlements are set up prior to the client's scheduled launch date
• Onboarding clients on MS platform, enabling them to trade derivative instruments such as commodities, foreign exchange, institutional equity derivatives, swaps
• Maintaining a high level of client servicing both externally and internally by ensuring client has been efficiently onboarded and are able to trade within agreed timeline
• Identifying trades on Omega-Alerts, Markit, Onboarding Accelerator and other platforms to source information and prioritize setting up of trading accounts for trades Live in market ensuring timely settlement and avoid monetary impact
• Co-ordinating with different downstream teams such as credit, documentation, risk, legal etc
• And understand the requirements/ Documentation needed by them for due diligence
• Assisting stakeholders by providing them with value added education, engaging in proactive regulatory discussions relating to onboarding (EMIR, MiFID, KYC, etc.)
• Daily / weekly reporting on various accounts opened and sending to various product stakeholders
• Participating in global initiatives and discussions related to client projects, process enhancements, and automation with global counterparts and stakeholders across different regions.

• Taking care of ISDA trade confirmations, affirmations, matching, queries, and executing trade confirmations and verifying trade queues
• Conducting reconciliations between counter-party confirmations and internal confirmations and booking systems upon receiving confirmations
• Work closely with the broker and trade booking team to resolve discrepancies between the broker confirmations and trade bookings
• Coordinating with front office, middle office, other back office operations departments, and the legal team in order to resolve queries and discrepancies pertaining to economic and non-economic details, as well as disputes regarding languages and templates, as well as resolving disputes related to economics and non-economics
• Effective at handling escalations
• Maintaining timely escalations within Operations groups and Middle Offices to ensure prompt resolution
• To report and escalate late trades in accordance with the requirements set by EMIR and DoddFrank framework
• To work with the legal department and drafting team to resolve the template issues so that there are no recurring discrepancies in the future, and to avoid further discrepancies
• Liaising with the Internal Desk / MO / Counterparty to resolve any breaks/discrepancies
• Affirmations: To ensure that all the economic details have been confirmed with the counterparty on a T+1 basis and to work actively with the Front Office, Middle Office and clients to develop a solution that resolves all DK's and economic discrepancies as soon as possible.