Veeresh Goud
Corporate Actions Deadline Management
Bangalore
Summary
| Seasoned Operations Assistant Manager Offering Over 11 Years of Experience and Proven Success in Operations, People Management, Transition & Migration. Highly Skilled in Streamlining Operations and Improving Throughput Through Continuous Process Improvement and Cross Functional Collaboration. Proficient in Building High-performing Teams and Inspiring Staff to Achieve Goals. Versatile in Working with Various Clients Across EMEA and US. Adroit in Fixed Income and Equity – Corporate Actions Voluntary and Deadline and Reconciliation Support.
Overview
12
12
years of professional experience
5
5
years of post-secondary education
Work History
Operations Assistant Manager
BNP Paribas
Bangalore
04.2021 - Current
- Managing a team of 12 in Asset services, Bangalore location – End to end Corporate Actions Deadline process
- Knowledge of scrubbing for mandatory and voluntary corporate actions
- Scrubbing and set up of corporate Actions in Operating systems
- Follow-up of events announcements, forecast and corporate Action deadlines leading to an efficient management regarding scrubbing, notifications and bookings in our general books and recording systems
- Monitoring of corporate actions in all reliefs and identification of eligible global positions (Settled/Pending trades, SLAB)
- Continuously liaise with counterparties, FO (Front office), MO (Middle office) and other internal stakeholders so that instruction received from FO is passed onto the market before cut-off
- Manage the election process for voluntary events in close relations with internal stakeholders, compile aggregated instruction to be sent to custodian and ensure good receipt
- Strict follow-up of the expected proceeds/results at payment date, and follow-up controls in regards to theoretical bookings and forecast assumptions that may leave with breaks on internal or external reconciliations
- Management of swifts notifications like MT564, MT568, MT566 and MT567 etc with security and cash reconciliation in relation to the corporate action events
- Acting as a central point of contact for corporate actions operations subject matters within BNP Paribas and outside like custodians, counterparties and as an expert on corporate actions for client and business services
- Participate actively to the continuous improvement of our process and systems (Macros, UAT /tests, update of procedures, etc.)
- Coach, Motivate & Develop team to meet the organization Goals
- Conduct regular 1:1 performance review for the team.
Operations Assistant Manager
HSBC bank Pvt. Ltd
Bangalore
07.2018 - 04.2021
- Managed a team of 06, for multiple processes in Asset services
- Responsible for capturing Corporate Action Events-Generate Entitlements, Reconcile and Process Coupons/ Dividends Income Receivables and Income Payables , Partial redemptions and Early and final redemptions
- Creating, calculating and validating events as per swift received from agent
- Investigating and resolving the breaks between front office and back office
- Supervising early and final redemption bookings sent to middle office
- Collaborate with settlements, middle office and trading desk to ensure seamless transactions
- Achieved high levels of process optimization by strategically delegating daily activities, monitoring output and rewarding positive contributions
- Applied strong leadership and problem-solving skills to increase team efficacy and achieve KRI's and KPI's
- Mentored team members to enhance retention
- Communicated best practices among on-site and external personnel to align efforts and goals
- Reviewed performance data to monitor and measure productivity, goal progress and activity levels
- Identified and resolved unauthorized, unsafe or ineffective practices
Subject Matter Expert
Accenture
09.2014 - 07.2018
- Corporate Action & Reconciliation
- Accenture provides third-party services to other organizations across the globe
- As part of Accenture, we were providing back-office services for Societe Generle
- Societe Generale S.A
- Is a French multinational banking and financial services company, headquartered in Paris
- Responsibilities include corporate actions custody functions related to securities accounts
- Duties include daily interpretation, monitoring, scrubbing, and notification of corporate action events as well as the reconciliations, monitoring, and postings to client accounts
- Client Services and customer interaction
- (Stock split, Dividend stock and cash, Mergers
- Rights issue.)
- Processing of mandatory and Voluntary corporate actions and Reconciliations
- Develop and maintain position to reconcile short, long, borrowing plus lending
- Using the various SWIFT (MT564, MT566) for cash break reconciliation for matching the breaks
- Liaising with counterpart’s to resolve queries related to corporate action trades
- Tracked deadlines, sent reminders to clients, checked position breaks and process client’s instructions
- E.g
- (Internal, Custodian and Market deadlines)
- Training new entrants on process and its risks
Research Analyst
Thomson Reuters
12.2010 - 08.2014
- Cover capital change events like calculation of Split shares and consolidated shares, Right Issue, Priority Issue, Installment call, Exchange Offer and Spin Off
- Take responsibility for data quality of Corporate Action contents; accuracy, timeliness and completeness
- And act as a data quality ambassador within the group
- Research includes corporate actions, mergers and acquisitions, de-merger, name changes
- Perform EOD process and reconciliations to ensure all deliverables were met timely and accurately and that exceptions are appropriately noted
- Reviewed all trades executed on a daily basis and compiled a list of errors, to be reviewed
- Achievements Employee of the Quarter (Thomson Reuter HSBC) Employee of the Month (Accenture, HSBC) Best Team of the Quarter (2 times / HSBC)
- Best Team award of the quarter (BNP Paribas)
- Successful Migrations
- Paris - (Fixed Income and Mandatory Corporate actions) travelled to Paris for about 1.5 months to migrate fixed income and Mandatory corporate actions in 2017
- Migrated Corporate actions process from Paris to Bangalore in 2021
Education
Masters of Business Administration - Finance
Don Bosco Institute of Bio-Sciences and Management Studies
01.2008 - 01.2010
Bachelor of Business Management - undefined
National College
01.2004 - 01.2007
Skills
Corporate Actions
undefinedHobbies
Travelling and Watching Movies
Accomplishments
Migration of Fixed Income & Mandatory Corporate Actions - In 2017 Spent 1.5 months in Paris and migrated the end to end MCA process of EMEA region from SG Paris to Accenture APTP Bangalore.
Migration Corporate Actions Deadline Management - migrated the end to end Corporate actions Deadline process of EMEA region from BNP Paribas Paris to BNP Paribas Bangalore, 2021.
Timeline
Operations Assistant Manager
BNP Paribas
04.2021 - Current
Operations Assistant Manager
HSBC bank Pvt. Ltd
07.2018 - 04.2021
Subject Matter Expert
Accenture
09.2014 - 07.2018
Research Analyst
Thomson Reuters
12.2010 - 08.2014
Masters of Business Administration - Finance
Don Bosco Institute of Bio-Sciences and Management Studies
01.2008 - 01.2010
Bachelor of Business Management - undefined
National College
01.2004 - 01.2007
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