Sunil Kisan Kachare
Fursungi
Summary
Business professional with 13 years of work experience in Derivatives Middle-office Operations, Custody and Accounting operations, Reconciliation, Pre-Settlements, SWIFT payments, Trade capture, Collateral processing and Payment processing. Proven track record in stakeholder management, UAT testing, automation initiatives, process improvements with 3 years of experience in managing high-performing teams. Additional 1.5 years of experience in stock broking operations.
Overview
13
13
years of professional experience
Work History
Associate II / Team Lead
Bank of New York
Pune
04.2012 - Current
- Company Overview: Custody Derivatives Service Delivery (Middle Office)
- SWIFT payments processing/Authorization (MT202, 210, 103, 292)
- Performing custody derivative services: Process/Authorize USD and global cash payments, Wire matching.
- Trade capture (buy/sell, MT541/543, MT540/542)
- Collateral and NIB processing, Securities Segregation and Release
- Queue monitoring & Query Management
- SOP creation and review
- New joiners training
- Process improvement and automation coordination - Identify the manual processing areas and analyze, coordinate with Tech teams for automations feasibility.
- Trade/Cash Cancellation
- EOD reviews and exception management
- Prepare and maintain accurate records for internal and external audit inspections
- Perform UAT testing, Business validations, Failover testing.
- Exchange Traded Derivatives Reconciliation
- Daily reconciliation of ETD products between investment managers and brokers
- Identifying and resolving breaks
- Validation of Futures Trades, Variation & Collateral Margins, Options Trades, Interest, Fees, and FX.
- Posting adjustments to accounting systems to resolve breaks.
- Verification of reconciliations and resolution of aged breaks.
- Coordination with client service, new business, and security data management teams.
- Contacting client service teams for missing instructions
- Escalating unresolved breaks and following up with different teams
- Team management, Daily work allocation, Leave & shift planning, BAU activities
- Effective team management in absence of manager
- Prepare/Update/Review the checklist
- Prepare monthly and quarterly productivity and performance reports.
- Ensures Day to day SLA & Quality parameters are met.
- Preparing/Conducting process knowledge test (PKT) for the team
- Conducting team meetings, sharing updates
- Maintaining error logs, update trackers, Leave tracker, Downtime tracker
- Conducting root cause analysis of errors and Suggesting/implementing controls
- Prepare score card, Conduct one on one and provide feedback to team.
- Custody Derivatives Service Delivery (Middle Office)
Operations & Trading
Stockbroking Firms
- Hands-on experience in equity markets, mutual funds, IPOs, D-Mat accounts, and trade execution.
Education
Masters in Business Administration - Finance
Pune University
01.2010
Bachelor of Science -
Shivaji University Kolhapur
01.2007
Skills
- Derivatives Middle office Operations
- ETD Reconciliation & Break Resolution
- SWIFT Payments Processing (MT202/210/103/292)
- Securities Collateral Processing
- Trade Capture (MT541/543, MT540/542)
- Process Improvement & Automation
- Team & Query Management
- Stakeholder & Client Management
- UAT, Failover, and Business Validation Testing
Accomplishments
- Received the 'WOW' award for cross-training in Broker Support and Indemnified trades function. Extended my shift for few weeks to ensure proper processing.
- Received the 'WOW' award for saving time of 20 minutes each day by stopping the downloading of inactive broker statements, post confirmation with key stakeholders.
- Received 'WOW' award for managing BAU in absence of supervisor, ensuring no disruptions.
- Received 'Bravo' award for managing a high trade volume, achieving the highest number of trade postings(5386 trades) in a month without any error.
- Awarded by VIP recognition for identifying a gap in account setup and assisting both the New Business and Tech teams with account setup in the processing application, post CMS to GSP account conversion.
- Received the 'WOW' award for successful automation of BNP trades, aided by the FMA tech team, resulted in 2-3 hours of daily time save.
- Received R.I.S.E. (Raise an issue, stop the error) from controls Manager for accuracy.
Migrations
Migrated Securities Collateral Process from Manchester to Pune., Managed multiple application migrations like WebSTP1, 2 to WebSTP3, WebSTP3 to DTE, CMS to GSP, and desktop to Citrix and Web platforms.
Automation Initiatives
- Xceptor Automation, Automated processing of futures trades for various clients, facilitated by the Tech team, resulted in 1 FTE benefit.
- Alteryx Automation, Currently working on automation of Multiple Clients FTP Futures trade processing.
- FMA Enhancement, Introduced bulk account selection option for non-trading accounts, saved 2 hours of manual effort daily.
- Broker Support RPA, Automated broker statement downloading with the help RPA BOT team, Delivered 0.5 FTE benefit.
Certifications And Competencies
- NCFM - Capital Market, Derivatives Market & Commodity Market
- BCFM - Securities Market Certification
Timeline
Associate II / Team Lead
Bank of New York
04.2012 - Current
Operations & Trading
Stockbroking Firms
Masters in Business Administration - Finance
Pune University
Bachelor of Science -
Shivaji University Kolhapur
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