Summary
Overview
Work History
Education
Timeline
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VIKAS SHRIMALI

HYDERABAD

Summary

SUMMARY

Senior Vice President with 23+ years of experiencing in developing strategies to promote the mission of the Organization and built Operational Excellence. Proven ability to capture opportunities for growth and establish lucrative relationship with key stake holders. Managed a large team size during the career and had covered all areas, structure and stream of end to end Fund Administrations Services of Hedge Fund , Mutual Fund, Pension Fund and Separately Managed Accounts. Spearheaded the Automation process to reduce the manual error and increase processing speed. Proven Track record of setting up New Business Service Location by driving Strategic planning, Budgeting, training, hiring etc..

Overview

23
23
years of professional experience
3
3
years of post-secondary education

Work History

Senior Vice President

CITCO
Hyderabad
6 2020 - Current
  • Had setup Hedge Fund Accounting Operation in Hyderabad within 1 year for 130 HC saved pre-defined budget by 15%.
  • Restructured sub-process to reduce overhead and generated 10% overall efficiency.
  • Ensure NAV valuation for multi-Billion dollar Portfolio are been delivered with Accuracy, timelines and confidentially to Investors.
  • E2E fund Administration Services for Hedge Fund right from Fund Set up to Investor Allocation covering Capital Activity, Investigation and resolution of cash & Position break, Income Expenses, budgeting, Pricing , P&L, Trial Balance sub, Variable fee booking (Admin, Management, Incentive’s fee calculation and booking) GAV & NAV calculation, ROR, Investor Allocation using both Series & Equalization methodology and Statement publication till Fund closure.
  • Working on automation and development of AXEXO & AXI systems used for Business to eliminate manual intervention , reduce process time and mitigate risk.
  • Client Interaction on Monthly RAG status/Performance, New Launches, Reporting
  • Established performance goals for department and outlined processes for achievement.
  • Quarterly Town hall - To provide input and communicate development on Business progression and Reward and Recognitions.

Vice President

J P Morgan
Bangalore
07.2016 - 05.2020
  • Created succession plans to provide continuity of operations during System/ Accounting platform transitions (migrating from Geneva to Arcesium) within stipulated budget and timelines, Right from documentation to coordinating with Tech Expert for design, report building to training need for staff to introducing application to client onboarding.
  • Deployed RPA- First team to deploy BOT (Robotic Process Automation) for pricing verification, Reports, EMS etc..
  • Managed E2E fund Administration Services for Hedge Fund right from Cash flow to Trade Capture, Corp action, Expenses, budgeting, Investigation and resolution of cash, Independent Pricing verification, exception Management, P&L, Trial Balance sub, GAV, expenses, Incentives, performance equalization to NAV calculation to fund closure to Investor Allocation.
  • Ensured successful accomplishment of Internal & External Audit – RAG –Green (overall satisfaction which is the best).

Valuation Service Head

SOCIETE GENERALE, SGSS
Chennai
12.2014 - 07.2016
  • Setup of Chennai Office for Mutual Fund Accounting operation with a target budget of 90 HC within 1 year (Migrated 700 funds from Paris to Chennai).
  • Managing fund Administration Services unit (Fund accounting) NAV activities for Mutual Fund for E2E activity of fund administration from Trade origination till NAV release to client as per SLA (which includes trade settlement, subscription & redemption, Income & expenses, fees corporate action accounting, pricing, Management fees, administration fees, share class hedging crystallization, performance fee equalization, Income distribution, NAV calculation
  • Involved in building SLA, BIA, BCP, BRD training strategy, recruitment, system installation, application testing analyzing pre migration risk assessment, process documentation to accomplish migration as per pre-defined target and within budget
  • Monitoring team performance building skills matrix to increase individual performance to increase overall team performance
  • Defining KPI and KRI to publish process performance and mitigate risk.
  • Governance –Between Recon, Market Data, Transfer agency, Custody, Break Management ensuring adequate investigation timely escalation and resolution
  • Prepared Process flow, SIPOC, individual objective
  • Visual Management to update the process performance, challenges, key achievement etc….

Asst Vice President

J P MORGAN, CIB Reconciliation
Bangalore
11.2010 - 12.2014
  • Project executed on auto match rule reduced overall manual effort-which in turn has resulted in efficiency save
  • Involved in driving Functionalized Model i.e. Process redesigning Factory Model to generate efficiency , decentralized Fund Administrative process into multi sub-process.
  • Managing 5 diff Process HFS, Pension Fund, Mutual Funds, Private equity & Nostro Account
  • Documentation, communicating, parallel tracking post redesigning.
  • Working with Managers and taking responsibility for oversight of fund Administration and their assigned relationship.
  • Measuring performance by setting goal and objective for team and aligning same with overall company objective
  • Daily review of MIS and provide resolution for outstanding breaks deep drive root cause analysis to identify areas of improvements.
  • Mitigating risk by implementing robust control matrix
  • Identifying potential issue and bottle neck in the process and striving towards resolution
  • Preparing Monthly Performance metrics for each process and presenting it to Sr Management
  • Developed plans for managing/retaining talent inside organization and for improving leadership strength
  • Ensuring OSA is met and production checklist is followed.
  • Optimized resource allocation by analyzing operational needs, reallocating resources as needed to maximize efficiency across all functions

Assistant Manager

HSS
Kolkata
03.2007 - 10.2010
  • Initiated the project on Aging Analysis - Which has resulted in approximately 94% reduction in volume of outstanding break from Jan 09 to August 09
  • Reduction in value $ 25,415.51 Million in Jan 09 to 1,414.25 million in August 09 – Received Quarter of the AMO for the same
  • Prepared CQI Commentary with details root cause analysis (about accuracy and productivity)
  • Prepared MIS Reports - Designed tools to help the organization accomplish specific goals, ensured planned system of the collecting, processing, storing and disseminating data in the form of information needed to carry out the functions of management
  • Handled different strategies of funds - Involved in migration and re-migration from Business location to 2nd and 3rd location for E2E process activities of Hedge Funds after the trade execution till the NAV Release( Manual booking of subscription, redemption, trades, Income, expenses on Geneva, Trade reject analysis, Trouble shooting, corporate action processing, Cash, Position, Dividend, Debt Interest, Appreciation and Depreciation Reconciliation, FX reconciliation, DTDF, OTC pricing, P & L balances, Fee’s calculation and booking Publishing GAV
  • Involved in Planning, Visualizing and monitoring the performance of process and improvising were ever the scope necessary. Including Business continuity plan coordination with end user and the prime brokers
  • Handled the team of 24 members in Trade processing Team and 10 members in Accounting & Valuation
  • Played the role of a chief mentor for 2 of the team members, this includes Conflict management, Work allocation, R & R, Weekly Team meeting, Monthly Performance evaluation –Align individual goals with departmental objectives and organizational strategy
  • Prepared the presentation on function of Swaps, CDS, Option, ABS and MBS securities
  • Accomplished the Fund Level procedure for all set of funds performed out of COE -Ensured PLA and SLA are met for all set of funds
  • Received Best Team and Best Manager award for the quarter in 2009.

Senior Portfolio Advisor

FRANKLIN TEMPLETON
Hyderabad
03.2004 - 03.2007
  • Involved in E2E process of Separately Managed Accounts and generation of final AUM to POG - Planning and Balancing Advisory and Sub-Advisory accounts daily and monthly , including Cash and Position balancing, legal filing Security Restriction, Tax loss and Tax gain, updating factors for ABS and MBS, Updating Dividend & Interest rates in Axys,
  • Providing Cash balance and Rating along with summary analysis to Traders ( Corp & Muni Bond) before Market Opens.
  • Had worked on E2E activity of corporate action from event announcement to reporting (this includes processing, entitlement calculation, payment and reconciling, extraction of information from Bloomberg and coordination with Data Vendor for execution of the same
  • Had processed different types of corporate action into Axys system like Bonus Issue, Right Issue, Merger, De-merger, Acquisition, Stock Split, Tender Offer Spin off, Dividend, call redemption etc
  • Assuring that all accounts are balanced on time, reviewing same before running performance, handling all types of Prime Brokers.
  • Maintaining and updating Security file for the all types of securities on daily basis
  • Daily Pricing for all listed and non-listed security on AXYS system.

Process Associate

GE-Capital International Services
Hyderabad
03.2001 - 03.2004
  • Inter Company Reconciliation- Preparing monthly and Quarterly Accounts Reconciliation and reporting the same to Parents and Affiliates , Downloading the GL Report.Following up with Parents and Affiliates for Unsettled Report (Pending Invoices)
  • Maintaining the Sales and Settlement Report , Preparing the Unsettlement Report.Researching on Invoice and Purchase order details for resolution of break
  • Payment Expeditor -Processing Invoice and Purchase Order - Timely payment of the PO and Non– PO, Wing to Wing process of Accounts Payable –that involves repeat payment, EFT, Void etc
  • Taking care of the controller ship issues of the process - Preparation of Audit report/ Quality report and initiating decisions on the same
  • Exhibited flexibility in adapting to changing priorities or demands from internal stakeholders

Education

B.Com - Finance And Accounting

Badruka College of Commerce & Arts
Hyderabad
06.1995 - 05.1998

Timeline

Vice President

J P Morgan
07.2016 - 05.2020

Valuation Service Head

SOCIETE GENERALE, SGSS
12.2014 - 07.2016

Asst Vice President

J P MORGAN, CIB Reconciliation
11.2010 - 12.2014

Assistant Manager

HSS
03.2007 - 10.2010

Senior Portfolio Advisor

FRANKLIN TEMPLETON
03.2004 - 03.2007

Process Associate

GE-Capital International Services
03.2001 - 03.2004

B.Com - Finance And Accounting

Badruka College of Commerce & Arts
06.1995 - 05.1998

Senior Vice President

CITCO
6 2020 - Current

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