Reading books
Sobit Shrestha
Investment Banking
Pune, Maharastra, India
Summary
Experienced leader with 17+ years of expertise in business processing, analysis, and financial operations, driving efficiency through automation and transformation initiatives. Proven track record of leading teams and delivering tangible results. Seeking a challenging lead role to leverage skills in optimizing operations and fostering organizational growth.
Overview
18
18
years of professional experience
9
9
Certifications
5
5
Languages
Work History
Vice President
State Street Bank
01.2024 - Current
- Supervising a team of over 30 members to deliver performance reporting for IMS clients (Middle Office).
- Delivering performance reports to IMS clients, ensuring timely and accurate delivery.
- Leading end-to-end client engagement to ensure seamless delivery.
- Leading the State Street core database platform migration initiative as Operations lead, resulting in improvement in data accessibility and processing efficiency.
- Pioneered client automation projects, leading to a 30% increase in operational efficiency and an 80% reduction in manual tasks.
- Leading EUDT (End-User Defined Technology) project to streamline the usage of EUDT and minimize the risk.
- Formulated a standardized business model, resulting in 80% streamlining of operations and improved consistency.
- Engaged in one-to-one client interactions and prepared impactful management presentations.
- Monitored capacity utilization and appraised team performance to ensure optimal productivity.
- Explored and pursued new business opportunities to drive growth and achieve revenue growth.
- Identified opportunities to improve business process flows and productivity.
- Established a culture of continuous improvement, fostering innovation and driving sustainable growth across the organization.
- Demonstrated proficient leadership skills to motivate employees and build competent teams.
- Ensured regulatory compliance at all times by implementing robust internal controls systems coupled with proactive monitoring mechanisms.
- Created succession plans to provide continuity of operations during leadership transitions.
Senior Manager
Street Syntel Services Pvt. Limited
01.2022 - 12.2023
- Led a team of over 150 members to deliver precise performance and attribution reporting.
- Spearheaded cross-functional teams of core performance reporting and client automation team to achieve project milestones and deliver high-quality results.
- Streamlined onboarding processes and change requests for new business, resulting in a 30% reduction in onboarding time.
- Cultivated client interactions and crafted impactful management presentations, driving business growth.
- Monitored capacity utilization, leading to a 10% improvement in resource optimization.
- Conducted comprehensive employee performance evaluations.
- Engineered VBA macros and SQL databases to align with client requirements, ensuring seamless integration and enhanced functionality.
- Implemented and developed Standard operational standards, policies and procedures.
- Consistently met or exceeded annual performance targets set by senior leadership.
- Boosted team member productivity by enhancing performance monitoring and instituting motivational approaches.
Operations Manager
Street Syntel Services Pvt. Limited
01.2018 - 12.2021
- Led a team of over 80 members to deliver performance reporting for asset owners and managers.
- Spearheaded automation projects resulting in substantial operational efficiency enhancements.
- Identified and implemented process improvements leading to the discovery of new business opportunities.
- Enhanced customer satisfaction by establishing clear communication channels and addressing concerns promptly.
- Engineered VBA macros and SQL databases to align with client requirements, ensuring seamless integration and enhanced functionality.
- Delivered a historically outstanding client experience, achieving a Net Promoter Score (NPS) of 9 out of 10.
Deputy Manager
Street Syntel Services Pvt. Limited
03.2015 - 12.2017
- Managed a team of 35+ members for cash forecasting and processing.
- I oversaw the management of over numerous clients for Cash Available Forecasting and Sweep Processing. These projects involved projecting the daily cash position to investment managers.
- I oversaw Institutional Investor Services' overnight investment. The money market investments were executed directly in the money market via State Street's investment vehicle.
- Successfully migrated business operations for key clients.
- Conducted a time and motion study to determine the cycle time of the activities performed and established the baseline.
- Achieved flawless deliveries to enhance the organization's reputation and drive increased business and revenue.
- Defined career goals and conducted performance evaluations to drive employee development.
Team Leader
State Street HCL Services (India) Limited
04.2014 - 03.2015
- Led a team of 19+ members in cash forecasting and analysis.
- I handled multiple clients for Cash Available forecasting, which encompassed income, capital stock, future margins, and FX & Trade settlement.
- Conducted time and motion studies and managed KPI reporting.
- Collaborated with both business and technical teams to identify business requirements and devised innovative solutions that resulted in cost saving.
- Implemented Performance Management and Staff Engagement initiatives, defining short-term and long-term career goals for direct reports.
- Conducted monthly one-on-one performance evaluations, as well as mid-year and yearly appraisals for direct reports.
- Developed team members'' skills through targeted coaching sessions, resulting in improved individual performance.
Team Leader
Street Syntel Services Pvt. Limited
12.2011 - 03.2015
- Headed a team of 17 dedicated members across multiple projects as a Team Leader in State Street’s Capital Market environment.
- Managed diverse fund groups for tasks including Cash Reconciliation, Cash Availability Forecasting, and Stock (Shares) Reconciliation.
- Spearheaded business process enhancement efforts and established a Requirements Change Management protocol.
- Implemented a structured review process and developed a robust requirement system complete with artifacts like requirements gathering templates and use case guides.
- Contributed to various business operations, facilitating the adoption of cost-effective solutions while enhancing quality, efficiency, and customer satisfaction.
- Collaborated with both business and technical teams to delineate business needs and introduce innovative solutions.
- Documented business processes by identifying requirements and actively participated in system requirement discovery.
- Developed MS Excel-based process automation to streamline operations and enhance accuracy.
- Strategized and formulated Process Workflows and Flowcharts for various functional and operational areas.
- Led the remote migration of institutional cash processes from onshore to offshore.
Senior Associate
Street Syntel Services Pvt. Limited
07.2009 - 11.2011
- Served as a Senior Associate , specializing in Cash Reconciliation, Share Reconciliation, and Reporting Available Cash to clients.
- Managed daily checklists and provided evidencing for completed tasks to ensure transparency and accountability in work processes.
- Supervised a team of associates, providing guidance, support, and performance feedback to optimize team productivity.
- Facilitated regular training sessions for associates to enhance their skills and expertise.
- Played a pivotal role in maintaining high accuracy and efficiency standards in cash and share reconciliation activities.
- Acted as a liaison between the team and management, communicating progress, challenges, and recommendations for process improvement.
- Collaborated with cross-functional teams to streamline workflows and enhance the effectiveness of reconciliation and reporting processes.
Associate
Street Syntel Services Pvt. Limited
04.2007 - 06.2009
- As an Associate, I played a pivotal role in conducting Cash Reconciliation and Share Reconciliation tasks, ensuring accuracy and reliability in financial records.
- Managed the process of reporting available cash to clients, maintaining clear and transparent communication.
- Implemented and maintained daily checklists to streamline operations, providing evidence of completed work and ensuring adherence to established procedures.
- Took charge of providing regular training sessions for new joiners, focusing on skill enhancement and professional development to optimize team performance.
- Demonstrated a keen eye for detail and a commitment to maintaining high standards of accuracy and efficiency in all financial activities.
- Actively contributed to the continuous improvement of processes, proposing and implementing innovative solutions to enhance workflow effectiveness.
- Collaborated effectively with team members and cross-functional teams to achieve common goals and deliver exceptional results in financial operations.
Education
Post Graduate Diploma in Management (PGDM) - Marketing
All India Management Association (AIMA)
Delhi, India 04.2001 -
MBA - Marketing & Finance
Suryadatta Institute of Management And Mass Communication
Pune 04.2001 -
B. Com - Banking And Monetary Management
Dibrugarh University
Assam 04.2001 -
Skills
Team leadership
Strategic planning
Coaching and mentoring
Decision-making
Critical Thinking
Operations Management
Results oriented
Process Improvement
Performance and Attribution
Cash Operations
Settlements
Reconciliation
Fixed Income
Client Engagement
Microsoft Office Suite (Word, Excel, PowerPoint, Outlook, Access)
Bloomberg application in business
Visual Basic Application (VBA)
Tableau
Process Transformation
Projects
Certification
Pursuing an Executive Certification in Machine Learning and Artificial Intelligence (MLAI) from IIM Visakhapatnam.
Accomplishments
- Leading by Example Award for operational excellence (Twice)
- Syntel Value Award (4 times) for operational excellence
- Titan of the Month Award for operational excellence
- Extra Miler Award for operational excellence
- Mistake Proofing Excellence Award 2014 for operational Excellence in HCL
- Best Team Leader Award in HCL for operational excellence
- Syntel Gratitude Award for operational excellence
Interests
Martial Arts
Timeline
Vice President
State Street Bank
01.2024 - Current
Senior Manager
Street Syntel Services Pvt. Limited
01.2022 - 12.2023
Operations Manager
Street Syntel Services Pvt. Limited
01.2018 - 12.2021
Deputy Manager
Street Syntel Services Pvt. Limited
03.2015 - 12.2017
Team Leader
State Street HCL Services (India) Limited
04.2014 - 03.2015
Team Leader
Street Syntel Services Pvt. Limited
12.2011 - 03.2015
Senior Associate
Street Syntel Services Pvt. Limited
07.2009 - 11.2011
Associate
Street Syntel Services Pvt. Limited
04.2007 - 06.2009
Post Graduate Diploma in Management (PGDM) - Marketing
All India Management Association (AIMA)
04.2001 -
MBA - Marketing & Finance
Suryadatta Institute of Management And Mass Communication
04.2001 -
B. Com - Banking And Monetary Management
Dibrugarh University
04.2001 -