Sowmya BS

A. Bernstein Controls (Equity - Cash Trade Support) Team :

• Ensure positions are well monitored on agency books, warehouse books, etc.
• Perform various kinds of reconciliations such as market recon, cash recon, FOBO etc.
• Generation of multiple reports such as open positions on Agency and principal books, PnL monitoring etc.
• Reporting limit breaches on different business lines to relevant FO desks.
• Monitoring FX exposure on daily basis and reporting the same to MO/FO teams.
• Identification of possible fraudulent activities involved in different trades or cash flows.
• Identifying areas of risks and implementing appropriate controls to mitigate the same.
• Ensure stamp duties/transactional taxes are charged appropriately on the eligible stocks.
• Successfully stabilized the Joint Venture (JV) process, ensuring seamless management of business as usual (BAU) operations without escalations or issues, while maintaining data integrity by preventing email miscommunication to incorrect distribution lists.
• Completed relevant training on JV procedures and implemented best practices with zero errors; proactively trained team members to address knowledge gaps and enhance overall team performance.
• Collaborated with cross-functional teams to prepare detailed presentations for client meetings, enhancing communication regarding daily KPIs / IT issues.
• Coordinated with compliance departments to ensure adherence to regulatory requirements during transaction processes.

B. Bernstein Risk Reporting Activities :

• To identify if there is any excessive trading done daily basis by reviewing the RAG measure provided by the risk officers.
• To highlight and publish those trading activities to the stakeholders for their awareness and further analysis / investigation.
• Monitoring the settlement report by reviewing the predefined limits given by the risk team to avoid any large exposure to a single party.
• Produce various reports (weekly/monthly) to the front office for monitoring the trading activities closely.

• Assisted in the development of training materials and standard operating procedures, promoting consistency in task execution across the team.
• Facilitated communication between departments to streamline processes, resulting in improved coordination and reduced delays in service delivery.
• Started working in Promotions team, pilot project in Biz-ops. Worked with 28 category managers to onboard the project and to start with the promotions.
• Trained new staff on operational procedures, fostering a collaborative environment and ensuring high performance standards.
• Got macros in place to reduce the manual intervention to eliminate the work burden & errors.

• Dealing FX with counterparties such as Banking, Corporate and Institutional with the financial and non-financial details of the trades.
• Affirming the FX deals on max TD+1 in case when there is no confirmation not received.
• Raising alerts when a deal is unaffirmed more than TD+20 and various actions takes place on a different status of confirmations such as matched, mismatched, and unmatched.
• Processing trades with different platforms such as SNA (Swift Net Accord), CLS, FXALL, Misys, GTSS, E-conf.
• Dealing with the different FX products such as FX Cash, FX Spot, FX forwards, FX NDF.
• Ensuring no deals have been booked for the same VD after currency cut-offs and ensure to have the deals matched in all the platforms if any discrepancy.
• Communicating the mismatched deals with the discrepancy with MO, FO & clients accordingly for the smooth settlement of the trades.
• Alarming the settlement team if the deals have booked nearing the currency cutoffs, or on high value deals or any suspected deals which is not common.
• Exchanging proper LFC (Long Form Confirmations) for standard and cross NDF products.
• Helping Settlements team and Investigations team with the confirmation details, communication had with the clients for their further investigations and settlements.
• Preparation unmatched reports on daily basis to give a review to the internal team.
• Weekly/Monthly SLA performance review with clients and internal management.
• Identify areas of process improvement and implement changes to ensure high quality of service.
• Driving daily calls with the clients and with the SG team if any trainings or guidance.
• Establishing a communication between MO and clients through phone calls and mails on daily basis on an unmatched or duplicate deals.
• Received ‘Spot Award” for exemplary performance in upholding spirit of clearing some old breaks on unmatched deals.
• Received several appreciation emails from clients as well from the management.

• Preparing negative net equity report and intimating client on there account deficit and covering margin call.
• To ensure all margin call and margin payments for Exchanges, Hub, Broker and Client are carried out on a timely manner.
• Ensure Nostro Reconciliations are performed on T+1 and also ensure no/less aged breaks.
• Timely escalation of high value cash movements processing to onshore team.
• Kick back of client funds paid in error and investigation on un-applied funds.
• To ensure all payments and collects are posted with in currency cut-off time.
• Sending out SWIFT message for payment confirmation.
• Forex allocation to client account as executed in forex desk.
• Confirming client on forex allocation. Forex reconciliation for T+0, T+1 & T+2.
• Settlement of forex netting figures with forex settlement team.
• Preparation of SLA reports on weekly basis.
• Weekly/Monthly SLA performance review with clients and internal management.
• Identify areas of process improvement and implement changes to ensure high quality of service.
• Training new joiners in the team about the process.
• Received “Ramp Award” & ‘Spot Award” for exemplary performance in upholding spirit from Infosys.
• Awarded “Young Achiever Award” for the year 2011 from Infosys.
• Awarded “Best Performer Award” for the year 2011 from Infosys.
• Received “Thank You Award” for outstanding performance in the team.
• Received client appreciations through SLA calls and mails for upholding the adhoc tasks and processing on my own with 100% accuracy.