Sunil Dhakorkar
Vile parle east
Summary
A competent professional with approx 15 years expertise in Operations,Trade support ,KYC ,Project Co -ordination ,Data migration,User acceptance testing,Anti Money laundering ,OTC ,market Operations,SEBI and RBI Compliance, Membership ,Equities, Interest rate swap , Derivatives,Commodity,Regulatory reporting
Overview
19
19
years of professional experience
Work History
ASSITANT MANAGER in Market Operations Trade Support
MULTI COMMODITY EXCHANGE
01.2023 - 02.2024
- Managing and ensuring smooth trading operations including Beginning of Day (BOD) and End of Day (EOD) activities in trade support market operations
- Online monitoring of international price movement on refinitive for parity and informing the seniors if any major difference
- Ensure timely launching of new contracts/commodities
- Setting Maximum order value limits for the members with the reference to Collateral Margin kept with the exchange
- Addressing the Members queries received via mail and phone within the specified timeline
- Authorizing Pro trading, Algo strategy and CTCL facility as per Member request
- Preparing various reports like Bhavcopy, Volatility, Ministry Finance, Turnover report, Pro client data report as a part of SEBI Regulatory Compliance
- Involved in Data migration for new trading and back office system like T 7, TCS Bancs, co ordinating with the internal stake holders like migration team to ensure data integrity
- Reviewing user stories and performing through User acceptance testing to ensure stability in new system
- Reviewing Business required specification document and providing signoff to Development team.
BUSINESS PROCESS LEAD
TATA CONSULTANCY SERVICES
08.2014 - 01.2023
- Authorizing all the Trade Commentaries with high accuracy percentage and within agreed timeline for Financial asset classes: Equity, Global Corporate Finance, Trade Finance.
- Global Markets in operations for Account Activity review team
- Ensuring the commentaries are complete as per expected nature and purpose of relationship and there is no anomaly, risk & Anti-Money Laundering
- Adhering to the Account activity work flow like remediation, Regular review, event driven review within KYC review cycle
- Attending daily weekly Global calls with onshore clients, Coordinating with different stake holders like Account client owner, Product specialist to review the attestation and submission
- Delegate tasks based on junior staff members individual strengths, skill set and experience level
- Regularly reviewing work processes to make certain best practice have been adopted, and assist with updating the documentation.
ASSISTANT MANAGER in Corporate global Treasury Trade support back office operations
INDUSIND BANK
02.2013 - 04.2014
- Managing interbank Forex trade support Operations (OTC Confirmation and Settlement) within Treasury Operations Department
- Deal verification and Settlement of Cross Currency Deals done on Barclays, Fxall, JP and Deutsch Platforms, REUTERS USD/Rupee deals with Banks, Broker and Exchanges Verification of Borrowing
- Worked on SWIFT Messages i.e.MT300, MT320, MT202, and MT200, 210, Acting as mediator between brokers and Clearing Corporation of India (CCIL), (CLS)
- Making brokerage payments to brokers post tax calculations, Handling Concurrent Audit Queries and Handling Investigation of Allege Trades
- Daily RBI regulatory Reporting of Forex Turnover Data, Preparing Forex Figures, Exposure Report and sending the same to Dealing Department (Front Office).
OFFICER in Membership Department
MULTI COMMODITY EXCHANGE
09.2008 - 03.2011
- Ensuring compliance with the SEBI (Securities & Exchange Board of India) requirements for availing membership of the Exchange and other requests
- Verification of Bank Guarantee, Fixed Deposit Receipt submitted towards membership deposit and providing the exposure to the members on the same
- Assisting in issuing Exchange Circulars and preparing SOP(Standard Operating Procedure)
- Independently maintained daily MIS & reporting on Members Activation status & dispatched to the management.
TEAM MEMBER
JP Morgan Chase Investment Bank
07.2007 - 07.2008
- Responsible for investigation, Analysis and Execution of the trades and providing resolution to the Middle Office for various businesses like Flow, IRFE, Exotic, Prime Brokerage in the regions like London, New York & ASIA for the products like Interest Rate Swaps
- Co-ordination with the Middle Office & getting the trades resolved through Consumer Case Inquiries (C.C.I.)
- Chasing and Follow up for confirmations of trades with BANK OF AMERICA, BNP PARIBAS, and CALYON
- Having Weekly Lock-In Calls in order to reduce the out standings and affirming the Trades with help rendered from our Middle Office
- Checking the Dump on a Daily basis to avoid irrelevant NOISE coming onto it and increasing the out standings.
JUNIOR EQUITY DEALER
UTI Securities Limited
05.2006 - 06.2007
- Placing orders for Retail clients in equity cash
- Constantly monitoring the Portfolio and debit positions of clients and getting cleared the same at regular intervals.
EQUITY TELE STOCK BROKING EXECUTIVE ON CONTRACT
HDFC SECURITIES LTD
02.2005 - 04.2006
Education
Masters in Financial Management -
PTVA’s Institute of Management
12.2014
B Com (Commerce) -
Sathaye College
12.2004
Skills
- Leadership
- Problem solving
- Strong work ethic
- Team player
- communication
- co ordination
References
References and verifying documentation furnished upon request
Timeline
ASSITANT MANAGER in Market Operations Trade Support
MULTI COMMODITY EXCHANGE
01.2023 - 02.2024
BUSINESS PROCESS LEAD
TATA CONSULTANCY SERVICES
08.2014 - 01.2023
ASSISTANT MANAGER in Corporate global Treasury Trade support back office operations
INDUSIND BANK
02.2013 - 04.2014
OFFICER in Membership Department
MULTI COMMODITY EXCHANGE
09.2008 - 03.2011
TEAM MEMBER
JP Morgan Chase Investment Bank
07.2007 - 07.2008
JUNIOR EQUITY DEALER
UTI Securities Limited
05.2006 - 06.2007
EQUITY TELE STOCK BROKING EXECUTIVE ON CONTRACT
HDFC SECURITIES LTD
02.2005 - 04.2006
Masters in Financial Management -
PTVA’s Institute of Management
B Com (Commerce) -
Sathaye College
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