Subramanya Jois
Bangalore
Summary
A dynamic professional with 12+ years of experience in Investment banking - Brokerage Reconciliation (fees payables and fees receivables), Fund Accounting - Cash, Position and N.A.V calculation and reconciliation, Revenue Services - Market Data Fee, Client services - Margin settlements. Skillful in managing operations and team as well as implementing strategies towards enhanced client satisfaction. Focused & goal oriented, skilled in creating & formulating strategies,drive projects. Proficient in Capital Markets through Equity, Futures and Options and Mutual Funds.
Overview
16
16
years of professional experience
Work History
Associate Manager
Wells Fargo International Solutions Pvt Ltd
8 2022 - Current
- Oversee daily management of 7 members Client Services Margin settlement team.
- Meet all KPIs, ensure daily work is carried in adherence to SOPs, escalations / concerns are addressed and resolved, new changes are understood by the team and executed.
- Work with local risk and compliance department, contribute to build strong risk culture, ensure 100% compliance.
- Represent WFIP CS team in the monthly governance meeting which includes Bangalore and Charlotte team.
- Drive the FRAME automation project for the STP set up of daily margin movements of Wells Fargo CIB derivative clients.
- FRAME project will result in savings of 7 FTEs for the organization, error free processing of close to 2,000 Wire-In/Wire-out margin settlements of CIB clients
- Coordinate with business, onshore stake holders, technology teams - provide inputs on layout setup, participate in UATs, identify issues, analyze information, help in solving problems- there by helping the firm in successful implementation of FRAME tool.
Team Leader
Societe Generale Global Solution Centre
2016.05 - 2022.07
- Successfully migrated the market data management process from SG Chicago and stabilized the fee management process in Bangalore
- By the strategies we applied in continuous process improvements, there was a substantial increase in Cost recovery from < 10% to 68% for AMER entity clients
- Access turn off drive will be conducted half yearly which has reduced the total cost of Marketdata access by $2million for 2 years - 2018 and 2019
- Analysis of trader entitlements based on their usage capacity through heat maps to ensure optimum utilization of resources and reduce the cost to company
- Identify, manage and mitigate process risks and issues and handle escalations
- Produce weekly scorecard, status report, MIS to onshore partners and local management
- Mentor and train my immediate reportees
- Preparation of SOP document, TOM flow charts for the process
- Developed Team Competency Matrix, Issues tracker, and leave tracker for governance within the team
- Manage monthly governance meeting
- Won Star of the Quarter award Q4,2017.
Senior Associate
Societe Generale Global Solution Centre
2013.06 - 2014.05
- Managed payment of Brokerage for Foreign Exchange, Futures, FX Options, Interest Rate Swap trades done through Paris office
- Investigation of Rate and Trade related breaks and resolved them proactively 2X faster by co ordinating with Brokers/Middle Office/Traders
- Preparation of weekly KPI and Monthly KPI and Maintain of SLA Metrics and prepare weekly Graphs for MIS purpose end of the week and report the same to Business
- Maintain up to date action summary of all invoices aged greater than 1 month and above Assisted in Smart Stream on-boarding and production process.
Audit Assistant
Under CA.CS Mr. Vinay Kumar
2012.06 - 2013.05
- Accounting and reviews of various entities and individuals
- Internal & VAT audits of trusts, firms & corporate, assisted Compliance Audit Activity
- Manage CS related Incorporation of companies, filing of various statutory forms
- Statutory Compliance Review and reporting to govt through Ministry of Corporate affairs.
Senior Associate
State Street Global Advisors Investment services India Pvt Ltd - SSgA.
2010.06 - 2012.06
- Worked on reconciliation of portfolios of State Street funds of UK region and responsible for reconciliation of Cash and Position exceptions for the allocated funds
- Analyze & Resolve the Corporate Action Issues (i.e
- Rights Issue, Merger, Dividends etc) in different Portfolios
- Reconciling & Analyzing NAV (Net Asset Value) for different Portfolios on weekly basis which is reported to Clients and Exchanges in case of ETFs
- Provide support as required to resolve queries / issues and provision of MIS, where requested
- Received Best Performer award consecutively for 2 months for clearing aged breaks, managing the reconciliation process with zero errors.
Team Member
JPMorgan Services India Pvt Ltd
2008.07 - 2010.03
- Managing Give up Payment System (GPS) which is a semi-automated electronic trading and fee settlement platform for CBOT, CME and IMM Stock Exchanges
- Collection of Brokerage for JPM Executed trades on the above Exchanges
- Post invoice run, production and distribution of monthly electronic invoice copies to relevant brokers via email using invoice work tool application
- Handling Rate discrepancies and trade issues with Clearing Brokers
- Maintain up to date action summary of all invoices aged greater than 2 months
- Preparation of brokerage receivable cash write-off error reports arising due to invoicing discrepancies.
Education
MBA in Finance -
VMU
2015-04
CS Executive Program in Company Law, Secretarial Practice and Compliance -
ICSI
2013-05
Bachelor of Commerce -
Bangalore University
2008-06
Skills
- Team Leadership & Motivation
- New System Implementation
- Staff Training & Coaching
- Target operating model
- Standard Operating Procedures (SOPs)
Accomplishments
- Played a key role in transition of "Marketdata" process from SGAS, Chicago to GSC.
- Received appreciations and shared awards from LOB for quality performance.
- Star Quarter Award
- Best Performer Award
Timeline
Team Leader
Societe Generale Global Solution Centre
2016.05 - 2022.07
Senior Associate
Societe Generale Global Solution Centre
2013.06 - 2014.05
Audit Assistant
Under CA.CS Mr. Vinay Kumar
2012.06 - 2013.05
Senior Associate
State Street Global Advisors Investment services India Pvt Ltd - SSgA.
2010.06 - 2012.06
Team Member
JPMorgan Services India Pvt Ltd
2008.07 - 2010.03
Associate Manager
Wells Fargo International Solutions Pvt Ltd
8 2022 - Current
MBA in Finance -
VMU
CS Executive Program in Company Law, Secretarial Practice and Compliance -
ICSI
Bachelor of Commerce -
Bangalore University
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