Selvam D
Thiruvannamalai
Summary
5 years of successful experience in investment banking Domain on operations, cash reconciliation, asset/position reconciliation, trade reconciliation, Security set up (SMF), corporate actions, trade bookings, RDR, Schedule D, Core competency collateral Cash, Repo & Stock Reconciliation. Corporate actions and Bond reconciliation, FED security handling, RBR security handling, Recognized for handling the critical client efficiently
Overview
5
5
years of professional experience
Work History
Associate
BNY Mellon Operational India
Chennai
02.2023 - Current
- Reconciliation of contractual payments, Actual payments and receipt of funds on multiple registrations
- Processing income payments to the client as per DTC and FED announcements as per the clients
- Handling the reconciliation of US Income for variable products like variable rate, Fixed rate and ABS - CMO
- We will allocate the funds to the client as per the DTCC allocations and paying agent and FED.
- Issuing and tracking Debit and Credit notices to the client
- Claiming funds from brokers on behalf of client for failed trades as per entitlements
- Raising claim through Clain connect, Kingfild.
- Proper tracking and resolution of mail inquires raised by various clients.
- Resolutions of open receivable and payable using trades under Repo, stock loan and various other reasons within the designated time and understanding the root cause
- Managing high volume on pay dates and completing the daily activities
- Resolving high volume of breaks and performing BAU efficiently
- FED security, RBR security, DTC Break
- Monitoring FX accounts and CASS accounts involved breaks on daily basis accurately to avoid financial loss to the organization
- Taking care of operating account for our Product and TLM Break.
- Matching breaks in TLM
- Removing SWT tax for non-US COI.
Senior Analyst
State Street HCL Services
Chennai, India
10.2019 - 02.2023
- Load and reconcile the Custody and Accounting cash on daily for a group of assigned funds
- Process & investigate the fund & account transactions like Trades, Corporate actions, Fixed rate Income, Variable/Floating rate income, Paydown on ABS and MBS Securities, Redemption, Maturity, Dividend by using various calculative methods to reconcile account and custody discrepancies & prepare proofs as needed with the help of Bloomberg and IDC, DTCC and verify custody transactions/cash with PAM(accounting)
- Researched discrepancies and updated accounts with accurate information
- Investigate the unmatched transactions before reconciliation and ensure timely settlement
- Work with internal and external parties in order to resolve breaks, identify root causes and expedite resolution
- Ensure that all cash and positions are reconciled accurately, efficiently and on a timely basis
- Work closely with Oversight, Custodians, Client and Middle Office Team to ensure any issues are communicated and addressed quickly
- Monitor custody mailbox & respond to client queries on time and notify issues to TL/RMs
- Meet all the defined SLAs of the process such as quality
- Process Standard Offset Procedures (SOP) for the wires to their respective general ledger account as per the instructions provided by investment manager
- Raise inquiries for outstanding cash and position transactions to the concern teams and ensure comments updated for past dues, trades, corporate actions, within paydown and outstanding cash in Open Receivable and Payable Report (ORPR) and validate the cash received and generated in accounting side
- Update the SOP's not just HOW to process but also with WHY of the process
- Perform Monthly Activities like RDR, TBA Trades, Corporate actions, Bank Loans, Pricing and quarterly activity like Schedule D
- Received best senior analyst award and Xtra miler from StateStreet HCLservices for being outstanding performer with consistency and dedication and also for playing a key role in the team.
Education
MBA - Finance & Human Resource
VelTech Hightech Dr, Rangarajan Dr,Sagunthala Engineering College (Avadi)
BBA -
Sacred Heart College, Thirupathur
H.Sc -
St. Joseph Higher Secondary School, Aththipattu
01.2013
Skills
- Collateralized Debt Obligations and Cash, Stock & Repo Fund Reconciliations, Corporate actions and Bond reconciliation, Fund accounting - Portfolio Accounting Management
- Corporate Actions Trades ABS and MBS Securities, Derivatives, Reconciliation, Strong problem-solving Skills with the ability to manage multiple priorities and associated timelines
- Pilot batch - Successfully transitioned for 2 databases
- Ability to work long hours, often under pressure
- Ability to give on time quality work and also provide trainings for new joiners
- Passionate towards team building in the workplace
- Self-motivate
Sources And Application
DTC, Bloomberg, Portfolio Accounting Management, Global Security Processing, Portfolio Securty Services, Nexen, Enterprise Report Repository, Kingfeild, TLM, IDC, GTM.
Disclaimer
I hereby declare that all the above furnished information and particulars are true to my knowledge and belief.
Timeline
Associate
BNY Mellon Operational India
02.2023 - Current
Senior Analyst
State Street HCL Services
10.2019 - 02.2023
MBA - Finance & Human Resource
VelTech Hightech Dr, Rangarajan Dr,Sagunthala Engineering College (Avadi)
BBA -
Sacred Heart College, Thirupathur
H.Sc -
St. Joseph Higher Secondary School, Aththipattu