Vinayak Krishna Verulkar
Dombivli East, Thane
Summary
Dynamic Assistant Vice President at State Street Corporate Services, adept at enhancing operational efficiency and driving process optimization. Proven track record in client management and team leadership, successfully spearheading automation initiatives that improved productivity. Passionate about performance analysis and problem-solving, consistently delivering results that exceed expectations.
Overview
19
19
years of professional experience
Work History
Assistant Vice President
State Street Corporate Services Mumbai Private Limited
Mumbai
08.2022 - Current
- Leading Transfer Agency operations for US clients dealing, registration, reporting and private market funds.
- Led AML/CIP operations process, ensuring adherence to internal controls.
- Oversaw a team responsible for client periodic reviews.
- Collaborating with onshore partners and oversee daily activities to ensure smooth operations.
- Validating monthly process report and discuss achievement, challenges with onshore partners.
- Spearheading ad-hoc projects by grasping requirements, allocating suitable resources, and driving them to meet deadlines.
- Identified opportunities for automation, propose solutions and implement them to enhance operational productivity and efficiency.
- Identified process gaps and implemented internal controls to mitigate risk and improve overall efficiency.
Deputy Manager
State Street Syntel Services Pvt. Ltd
Mumbai
07.2018 - 07.2022
- Managed overall day to day US & Luxembourg operations and resource allocation to meet dynamic deadlines.
- Prepared the monthly KPI reports, dashboards and present to both Internal and onshore management team.
- Led enlighten tool project and successfully drive it within processes to become a high performing.
- Created a weekly plan to meet targets by forecasting volumes and allocating resources effectively.
- Served a crucial link between the processing team and management, driving extra efforts to achieve shared goals.
Team Leader
State Street Syntel Services Pvt. Ltd
Mumbai
10.2015 - 06.2018
- Managed multi-client operations spanning across Luxembourg and Ireland, ensuring seamless execution and delivery.
- Developed and executed strategic resource planning, allocating activities effectively within the team to maximize productivity and efficiency.
- Conducted one-to-one meetings with team members to provide tailored, constructive feedback aimed at enhancing their work performance and fostering personal growth.
- Maintained and updated team performance and productivity sheets, providing regular monthly updated to management for informed decision making.
Trainee / Associate / Sr. Associate
State Street Syntel Services Pvt. Ltd
Mumbai
04.2010 - 09.2015
- Processed all types of transactions subscription, redemption, transfer, exchange on TA system for different clients in Luxembourg region.
- Verified and maintained record of high value trades.
- Maintained authorized signature list to ensure all transactions are processed after signature validation.
- Assisted in collecting and verifying KYC documents as part of client onboarding.
- Offered Custodian services such as account administration, redemptions settlements, Dividend payments to Shareholders.
- Supplied on demand Reporting request such as Fund recon report, Fund balance, Credit and liquidation reports to shareholders, dealers and management companies.
- Connected with Registration teams for various hard stop such as Stop subscription/redemption on account, missing bank details etc.
- Contributed to continuous process improvement initiatives by suggesting effective solutions.
Junior Officer
Axis Bank
09.2006 - 03.2010
- Company Overview: as outsource by Seven-S banking solution.
- Processing on UCC cheques and prepared schedule for clearing.
- Processing of Post-dated cheques cycle for different housing finance institutions.
- Preparing daily reports and distributed to Tier one clients.
- Worked in SOP-Sale of Prospectus department where educational institute sale admission forms through Axis banks.
- Prepared the circular of new sale, maintained record of forms, perform reconciliation and provide daily sales report.
- Managed different email inquiries and provide constructive feedback on timely manner.
- As outsource by Seven-S banking solution.
Education
Bachelor of Commerce -
Mumbai University
Mumbai03.2006
H.S.C. -
Mumbai Board
Mumbai03.2003
S.S.C. -
Mumbai Board
Mumbai03.2001
Skills
- Client management
- Performance analysis
- Team leadership
- Operational efficiency
- Problem solving
- Process optimization
- Data analysis
Accomplishments
- Led U.S. operation for the last six years (60+ FTEs) and migration of activities
- Led the Luxembourg dealing process and migrated new clients (30+ FTEs)
- Successful migration of 15 FTEs in TA US business
- Key contributor to the pilot migration project for new TA clients
Awards
- Leading By Example
- Extra Miler Award (2 times)
- TITAN of the Month (4 times)
- Gratitude Award
- Syntel Value Award
Timeline
Assistant Vice President
State Street Corporate Services Mumbai Private Limited
08.2022 - Current
Deputy Manager
State Street Syntel Services Pvt. Ltd
07.2018 - 07.2022
Team Leader
State Street Syntel Services Pvt. Ltd
10.2015 - 06.2018
Trainee / Associate / Sr. Associate
State Street Syntel Services Pvt. Ltd
04.2010 - 09.2015
Junior Officer
Axis Bank
09.2006 - 03.2010
Bachelor of Commerce -
Mumbai University
H.S.C. -
Mumbai Board
S.S.C. -
Mumbai Board
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