Umesh Chaubey
"Associate 2 at State street Bank"
Pune,Maharashtra
Summary
Seeking a position in an organization that provides ample opportunity to explore & excel while carving out the niche for organizational, professional as well as personal goals.
Overview
9
9
years of professional experience
5
5
years of post-secondary education
2
2
Languages
Work History
Associate 2
State Street Bank
Pune
12.2022 - Current
- Handling Global funds from Canada location for CAD & USD Currency with combination of Fixes Income, Equity, Asset backed, Mortgaged backed Securities
- Reviewing & researching income with reference to holding, rate & security type
- Responsible for Running reports for unprocessed income items that hit SSB A/C via SWIFT
- Working with market specific sub custodian to validate income receivables
- Validating & confirming income day before Pay date and ensure smooth income flow into SSB onto Client's A/C
- Crediting Client's Account after researching & confirming the income on pay date as per PDI Policy
- Handling Global inquiry management system for the client's escalation report & providing resolution to it on priority Basis
- Allocation of 1910 payment to team
- Working for location CAN,CAS,CAF,CAX,CAB
- Reviewer of payments prepared by team members
- Processing 201 Prerecon of all payments and 1910 payments.(INT,DIV,DWO,ASSET BACK,MAT)
- Processing payment of CAF location manually receiving KOR and sending CAF Comparison sign off
- Processing maturity payment & settlement of trades
- Processing ERMA STLD (share down) of Maturity Payment and ESEL ABTD STLD of principal payments
- Processing CDS claim(debit & credit) and 416 file report
- Processing Asset back Payments ( APW,ARW,FAB,FBS,MBS,APN)
- Processing CAB payments (INT,PCAL,DIV,ROCP,MAT) EOD activity which comes through 566 Swift
- Sending sign off of ERMA STLD & CAB payment Comparison
- Processing ADTC adjusting share Pay date minus 3 day activity, ADTC weekly activity and sending daily sign off to CA team
- Processing EDFL exposure
- Handling Exception Management for Canada Income -i.e Exposure & Nostro Most Critical part of process with Zero Error
- If team missed or Incorrectly paid any payment in initial report, reviewing & catching on same day in Exposure & Nostro & Applying income correctly to fund to Avoid Client Escalation & Smooth flow of income into Client's A/C
- Also if their is any change in Market like ,rate, CCY Change
- Rectifying on same day in Nostro & making correction in payment as per depository on same day to avoid client's Escalations
- Maintaining and developing SOPs and Reconciliation Procedures approved by business unit
- Providing daily / weekly updates to team to improve efficiency and productivity
- Providing training to New Joiners & helping Team members to Resolve their queries.
Helper
M/S. Anand Construction-Singrauli
Waidhan
05.2018 - 01.2022
- Maintaining attendance sheet of ManPower provided to client
- Maintaining payment of ManPower
- Collection of payment
- Maintaining accounting transactions.
Senior Process Executive
Cognizant Technology Solution Pune
Pune
08.2015 - 03.2017
- Responsible for daily processing for all trade correction Transactions
- Primary functions include Reconciliation for trade, Redemptions, Exchanges
- Responsible to reconciled discrepancies efficiently
- Resolved reconciliation discrepancies in timely manner through RUMBA application and update accounts with accurate data provided
- Conducted research and investigation of all discrepancies under clients account to correct error
- Processed clients account side's error gets reconciled and corrected within deadline.
- Processed reconciliation after research at client side from client end and at BNY Mellon surpass fund side
- Responsible to close case after it get reconciled correctly and after reflecting correct share, dollar value and price at both fund and at client side
- Resolved short breaks of shares through GJOW
- Mutual fund Trade correction / Rejection - Team is responsible for processing of financial transaction such as BUY, SELL, Exchange, Research request and correction (cancel & re-bill) as per client request so that client's register reflect accurate
- Ensure daily, accurate processing of all shareholder requests, both financial and non-commercial received for processing
- Co-ordinate for any exceptions to be resolved
- Responsible for providing accurate CDSC fee information regarding to Corporate Actions such as Dividend Payment, Bonus issues, Stock Splits to clients
- Work closely with auditors to institute appropriate process controls to ensure transactions are processed within prescribed norms
- Investor complaints and queries must be resolved in speedy manner to enhance customer satisfaction where these relate to operations of company
- Responsible for Creating BIN (Broker Identification Number), Mutual Fund Conversion, and Calculating CDSC charge
- Daily confirmation of financial transaction and settlement on contractual settlement date
- Daily interaction with FA, Fund Company, shareholder & internal teams for the resolutions
- Identify and Implement controls where required to ensure quality and excellence
- Handling team queries & issues on daily basis
- Taking knowledge sharing session on daily basis with team
- Working on applications like RUMBA, BNY Mellon surpass and DST for day-to-day trading and transactions.
Education
MBA-Finance -
Indira School Of Business Studies-Pune
Pune 07.2012 - 07.2014
B.Com-Bachelor Of Commerce -
SGSICCS-Indore
Indore 05.2008 - 05.2011
Skills
Mutual fund trade correction
Reconciliation
Corporate action & income processing
Team Player
Problem Solving
MS Excel, MS Access, MS Office
Pursuing Alteryx designer core certification
Tally 9, Tally ERP 9(certification from Aptech)
Capital Market, mutual funds, derivatives, positional , corporate action
Monthly reconciliations for IM to maintain balance between custody & accounting positions
Abilities in handling multiple priorities under pressure with accuracy & timeliness
Finance
Accomplishments
State street (Pune)
Got pinnacle award for AMJ-2023 quarter (For achiving the highest level of performance or excellance in the field)
Cognizant Technology Solution Pune
Got two times award for best performance within one year for maximum good production.
Spot Light Award - Jan 2016 (For Performance Excellence)
Spot Light Award - Jun 2016 (For Performance Excellence)
Timeline
Associate 2
State Street Bank
12.2022 - Current
Helper
M/S. Anand Construction-Singrauli
05.2018 - 01.2022
Senior Process Executive
Cognizant Technology Solution Pune
08.2015 - 03.2017
MBA-Finance -
Indira School Of Business Studies-Pune
07.2012 - 07.2014
B.Com-Bachelor Of Commerce -
SGSICCS-Indore
05.2008 - 05.2011