VARIS MOHAMMAD

• Managing 7 members of team with responsibility to ensure accurate execution of corporate actions transactions in Accounting system.
• Processes both mandatory and voluntary specific corporate actions functions related to international and U.S. securities held for Statestreet and other custodian funds.
• Processing responsibilities include: the receipt of custodian announcements, the scrubbing/comparison of data, and the notification of corporate action events to a specific clients if required.
• Identifying and extracting all the required information on daily basis to process the mandatory and voluntary CA events accurately in accounting platform through various sources (Bloomberg, IDC, DTCC, JPM) and matching with internal (SSB sources like Captain and MCH)
• Reconciles client positions with multiple custodians and monitors appropriate posting of accruals and entitlements to client accounts.
• Utilizes Word, Excel, and Outlook daily.
• Was given training responsibilities just six months into the job. I was also able to learn quickly, receiving minimum training only on the creation stage of offers and was able to process events in full within only a couple of weeks.
• Interacts with clients and custodians daily and handles inquiries through Internal Query management tool and emails.
• This job requires an above average ability to multi-task and prioritizing which actions need to be processed in a specific timely order depending on which client needs serviced or which stage the event is in.
• Our group has the highest volume of events on our floor, staying very busy each day and is the only group which processes from start to finish.
• Runs reports for our department such as the trade report, informing co-workers if there are trades on their offers, as well as the restricted report, which shows what actions have encumbered positions (client accounts that currently are restricted from receiving or delivering trades).
• Responsible for closing all offers that were assigned to myself. Each offer must be checked for accuracy and must be checked within a day of processing.

Performs various duties including:

▪ Performing the reconciliation between custody and accounting

▪ If any variance figured out between custody and accounting need manual calculation as to find the discrepancy.

▪ Understanding of Front to back reconciliations and infrastructure
Investigation and correction of reconciliation breaks involving communication with onshore teams, other BUCs, operations, IT etc.

▪ Comparing the accruals parameters MCH vs bloom berg like income dates, coupon rate, basis, frequency etc

▪ Clear understanding of reconciliation of Balance Sheet Accounts, evidence & signoff. Perform key procedural controls on a daily, weekly & monthly basis

▪ Foster an environment that understands and effectively manages risk, abides by risk and control guidelines

▪ Trade verification related to different types of bonds with Bloomberg screen SXT and BXT and paid screen.

▪ Identify the types of bonds premium, discount or zero coupon bonds and make sure that accruals and amortization are in line.

▪ Monitoring the general ledger accounts prior day vs current day changes, if find any significant changes make sure that those are valid to avoid the NAV impact.

▪ Performing the client specific task reaching out to the clients ops, answering the any income and amortization relates queries via emails, chat and phone.