Summary
Overview
Work History
Education
Skills
Certification
Accomplishments
Interests
Timeline
Generic
Sobit Shrestha

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

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

Reading books

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 -

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