Oracle SQL Developer
SUMIT S. NIMBALKAR
Kandivali (W)
Summary
Versatile and experienced Senior Manager specializing in depository operations. Excels at strategically planning, implementing, and overseeing key improvements to drive business growth and enhance operational efficiency. Throughout career, fosters an open culture that encourages the free exchange of information, leading to increased collaboration and innovation within teams. Seeking new professional challenges with a growth-oriented company to leverage expertise and contribute to organization's success.
Overview
16
16
years of professional experience
8042
8042
years of post-secondary education
3
3
Languages
Work History
Senior Manager
Kotak Mahindra Bank Limited
07.2023 - Current
- Performing User acceptance testing on production issues release and enhancements
- Daily production support to operation team for seamless functioning of capital market application
- Analysing and reporting the operational issues to vendor for resolution
- Maintaining the application issues and reporting the same to seniors for discussion
- Process change/new development in application
- Self-motivated, with a strong sense of personal responsibility.
- Implemented and developed operational standards, policies and procedures.
Assistant Manager
National Securities Depository Limited (NSDL)
06.2019 - 06.2023
- Responsible for all procedures and processes relating to NSDL depository Settlements department
- Monitoring the daily activities of Settlement and ensuring the completion of activities within the deadline time
- Ensuring completing the daily Payin & payout activities of various settlement across various market types within the deadline time
- Creation of Tender offer settlement for Exchange /CC in depository system, & updation of settlement calendar for Tender offer
- Issuance of circular for new tender offer settlement, other settlement related circulars
- Managing eligibility of clients for Tender offers
- Providing inputs to the technology team for enhancement in the system
- Onboarding of Depository Participants on Speed-e, STeADY & IDeAS services platform
- Compiling daily / Monthly reports for NSDL and apprise management
- Handling Depository Participant & Investor queries against Pay-in, payout activities & NSDL products
- Providing training to Depository Participants/ RTA about settlement & Eservices products
Manager
IIFL WEALTH MANAGEMENT LTD.
06.2016 - 05.2019
- The Back Office Analyst-Settlements-Depository & responsible for all procedures and processes relating to NSDL/CDSL depository settlements in DP department
- Monitoring the daily activities of Settlement Dept in DP and ensuring the completion of activities within the deadline time
- Ensuring 'zero error' transactions to avoid penalties and data entry by outsourced resources is accurately completed as per deadlines
- Managing authorization of delivery instruction and pledges in NSDL/ CDSL including approvals of pledges, confirmation, pledge closure and pledge invoke instructions
- Undertaking Beginning-of-Day (BoD) and End-of-Day (EoD) activities and reconciliations relating to NSDL/ CDSL depository transactions
- Managing client/ RM/ SRM queries relating to NSDL/ CDSL settlements and transactions
- Ensure that queries are resolving appropriately and on time
- Managing high value transactions and dormant confirmations
- Providing inputs to the technology team for enhancement in the system
- Compiling daily reports for NSDL/CDSL transactions for clients and apprise management
- Ensuring completing the daily scan of DIS executed & uploaded to the CDSL & NSDL system respectively as per the deadlines prescribed by the SEBI & depositories
- Achievement :- Member of team who done the setup of the DP(NSDL & CDSL) & undertaken the UAT testing & development of regulatory requirement for smooth conduct of operational activities
Operations Executive
SBICAPSEC P LTD.
09.2015 - 05.2016
- The Back Office Analyst-Settlements-Depository & responsible for all procedures and processes relating to NSDL/CDSL depository settlements in DP department
- Monitoring the daily activities of Settlement dept in DP and ensuring the completion of activities within the deadline time
- Ensuring 'zero error' transactions to avoid penalties and data entry by outsourced resources is accurately completed as per deadlines
- Managing authorization of delivery instruction and pledges in NSDL/ CDSL including approvals of pledges, confirmation, pledge closure and pledge invoke instructions
- Undertaking Beginning-of-Day (BoD) and End-of-Day (EoD) activities and reconciliations relating to NSDL/ CDSL depository transactions
- Managing client/ branch queries relating to NSDL/ CDSL settlements and transactions
- Ensure that queries are resolving appropriately and on time
- Managing high value transactions and dormant confirmations
- Providing inputs to the technology team for enhancement in the system
- Compiling daily reports for NSDL/CDSL transactions for branches/clients and apprise management
- Ensuring completing the daily scan of DIS executed & uploaded to the CDSL & NSDL system respectively as per the deadlines prescribed by the SEBI & depositories
Operations Executive
IL&FS Securities Services Ltd.
08.2013 - 09.2015
- The Back Office Analyst-Settlements-Depository & responsible for all procedures and processes relating to NSDL/CDSL depository settlements in DP department
- Monitoring the daily activities of Settlement dept in DP and ensuring the completion of activities within the deadline time
- Ensuring 'zero error' transactions to avoid penalties and data entry by outsourced resources is accurately completed as per deadlines
- Managing authorization of delivery instruction and pledges in NSDL/ CDSL including approvals of pledges, confirmation, pledge closure and pledge invoke instructions
- Undertaking Beginning-of-Day (BoD) and End-of-Day (EoD) activities and reconciliations relating to NSDL/ CDSL depository transactions
- Managing client/ branch queries relating to NSDL/ CDSL settlements and transactions
- Ensure that queries are resolving appropriately and on time
- Managing high value transactions and dormant confirmations
- Providing inputs to the technology team for enhancement in the system
- Compiling daily reports for NSDL/CDSL transactions for branches/clients and apprise management
- Ensuring completing the daily scan of DIS executed & uploaded to the CDSL & NSDL system respectively as per the deadlines prescribed by the SEBI & depositories
- Undertaking PMLA analyzing activity & ensuring same has been reported to FIU IND on timely basis
CDSL DP Executive for Back Office
AFN Langrana Share & Stock Brokers Pvt Ltd.
04.2012 - 08.2013
- Account Opening / Demat Modification / Account Closure
- Dematerializations of Physical Shares
- Pay In & Pay Out of Securities, Processing Delivery Instructions slips
- Updating of the CDSL System
- Pledge and Unpledge of Securities
- Processing CDSL Billing and Accounting, Processing Clients bills in Cross
- Carrying on all other DP functions with complete updating of the Back office system (ACER CROSS)
Compliance Executive (Registration Team)
Share Khan Ltd
01.2011 - 04.2012
- Team Member of registration as well as termination part of AP's, SB & of Remisier's
- NSE, BSE, MCX, NCDEX Sub-Broker registration & AP registration
- Verification of the documents for all the segments
- Co-ordination with Sub-Brokers/ AP's
- Solving queries of Sub-Brokers/ AP's
- Co-ordination with branches
- Preparing & Maintaining Sub Broker, Authorized Person & Remisier Data base
- Preparing Monthly MIS for Sub Broker Authorized Person & Remisier
DP Executive for Back Office
AFN Langrana Share & Stock Brokers Pvt Ltd.
05.2009 - 01.2011
- Account Opening
- Issuing & Processing Delivery Instructions
- Updating of the CDSL System
- Demat, A/c Modification & Closing of A/c
- Carrying on all other DP functions with complete updating of the Back office system (ACER CROSS)
- Established long-term client relationships through consistent delivery of high-quality products and services.
- Enhanced customer satisfaction by streamlining communication channels and improving response times.
Education
PGDBA - Finance
Welingkar Institute Of Management
Mumbai, India12-2012
Diploma In Commodity Market -
Welingkar Institute Of Management
Mumbai, India12-2011
D.F.M -
Welingkar Institute Of Management
Mumbai12-2010
B.Com -
Bhanvan's Hazarimal Somani College
Girgaon, Mumbai05-2008
Skills
Strategic planning
Operations management
Resource allocation
Cross-functional collaboration
Process improvement
Positive attitude
Executivesummary
- PGDBA, Finance, Prin .L.N. Welingkar Institute Of Management, 2012, First Class
- Diploma Of Commodity Market, Prin .L.N. Welingkar Institute Of Management, 2011, B Grade
- Diploma Of Financial Management, Prin .L.N. Welingkar Institute Of Management, 2010, 69%
- NISM Series VI - Depositary Operations Certification Examination
Software
Timeline
Senior Manager
Kotak Mahindra Bank Limited
07.2023 - Current
Assistant Manager
National Securities Depository Limited (NSDL)
06.2019 - 06.2023
Manager
IIFL WEALTH MANAGEMENT LTD.
06.2016 - 05.2019
Operations Executive
SBICAPSEC P LTD.
09.2015 - 05.2016
Operations Executive
IL&FS Securities Services Ltd.
08.2013 - 09.2015
CDSL DP Executive for Back Office
AFN Langrana Share & Stock Brokers Pvt Ltd.
04.2012 - 08.2013
Compliance Executive (Registration Team)
Share Khan Ltd
01.2011 - 04.2012
DP Executive for Back Office
AFN Langrana Share & Stock Brokers Pvt Ltd.
05.2009 - 01.2011
PGDBA - Finance
Welingkar Institute Of Management
Diploma In Commodity Market -
Welingkar Institute Of Management
D.F.M -
Welingkar Institute Of Management
B.Com -
Bhanvan's Hazarimal Somani College
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