Yakula A. T
Bangalore
Summary
Industrious Professional with 11 years 10 months of experience in Risk and Governance , Stock borrow loan (SBL)/Security lending Enchased custody, Dividends and Mandatory Corporate Actions and hands on experience process migration stock borrow APAC process from onshore to offshore and led team of 9+ analyst. Proactive, flexible and ability to handle, monitor/lead the team with minimal issues under tight deadlines.
Overview
12
12
years of professional experience
Work History
Manager
Standard Chartered Bank
05.2023 - Current
- Process: MI control, risk and Governance for Margin ops
- Reviewing the controls defined by internal CCG team on yearly basis for better control and encashment
- As risk manager performing monthly, quarterly and yearly spot checks with margin ops team
- Performing walkthrough with EY audit teams on concurrent testing controls and CASS audit on monthly, quarterly and yearly basis
- Been part of GIA audit within the bank, assessing and reviewing of activities of margin ops
- Assessing the risk and control with different risk team with in the bank of margin ops process and drafting 5W 1H for each control
- Supported MI control team for Processing of cash, security and nostro reconciliation
- Performing monthly slide preparation related to collateral movement volume and submitting to regulatory teams for EMIR, dodd frank
Team Lead
State Street Global Markets
10.2018 - 04.2023
- Process: Enchased Custody Collateral, Mandatory Corporate Action and Dividends
- To ensure daily exposures are managed with brokers and agency based on agreed SLA’s and meet KPI’s and KRI’s
- To ensure all the corporate action events (stock split, Return of capital, reverse stock split, bonus issue, Pari passu) are covered on respective pay dates
- Performing manager checks for each Dividend event with all the claim letter of broker, SSI's as evidence to close the event
- Recording and posting of month end income earned on the events for each month respectively, as per trader requirement
- Balancing resolving position between internal and custody position
- To follow up on the aged items with respective team for clearing of Nostro break, events stock break, internal cash breaks
- As captive, Performing EOD balancing, inputting and authorising of payments performed within the team
- To ensure the checklist is updated in a timely manner based on SLA’s, review and sign it before EOD
- Monitoring group emails & assisting team on issues where required, ensuring team provided timely response is provided to clients, also Handling issues and escalations in day to day BAU
- Individually handled the entire collateral process both GMBH, international entity, client financing and interco movements with minimum issues and escalation
- Periodic review of SOPs, access and other management related information and updating as when there is change in procedure
- Assisting new joiners in their onboarding procedure and on the job training requirements, guidelines & access related issues
- Generating ideas which helps in eliminating manual intervention, to bring control in place to avoid manual errors
- Providing key highlights, updates on issues to senior managers as and when required with details over the email and weekly calls
- Daily huddles to ensure proper work allocation during high Dividend volumes
- To have monthly checks in with team, delegating task, providing monthly, quarterly, yearly feedbacks and ratings as per the company policy
Associate Process Manager
Eclerx Financial Services
Pune
07.2013 - 10.2018
- To delegate and ensure all the activities are performed as per agreed SLA’s with minimal error and act immediately on any issues and escalation
- Taking up new activities along with team, log new learning as change management by updating SOP’s
- Contributed to process improvements by developing multiple macros for better processing of work with accurate and quality results
- Weekly discussion with clients/desk on the latest updates, key issues, challenges etc, accounts for maintaining and build client relationship
- Reporting Capacity model, KPIs, business reviews with updates and highlights for monthly, quarterly, half yearly and yearly to client on the agreed SLA’s
- Setting goals for team members by assigning rotational as motivation factor and new learning which helps team in having inspiring environment
- Lead and Focus on team by reviewing the process upgrades, Feedback and one on one session for identifying the improvements and challenges
Senior Financial Analyst
Eclerx Financial Services
07.2013 - 10.2018
- Process: Stock borrow loan APAC
- Played pivotal role in entire transition of Stock borrow loan APAC process, collateral management for cash and non cash trades
- Collateralizing of borrows as per scheduled procedure provided by desk and ensure the security and collateral trades are settled on priority based on market cut off
- Involvement in client on boarding of new business proposed by traders/desk by getting SSI’s details updated
- Covering the short positions (involves BUY In) across Asia pacific market, Calculating the MTM, taking margin calls, Follow up with settlement team for smooth processing of trades
- Additionally got trained on fees/billing process, assisting billing team in settling the fees
- Cross training of the activities among the team members, Contributed in drafting of standard operating procedure (SOP’), work flows etc
- Part of UAT testing with on shore for better enhancement of activity before go live of new activity
- Auditing of activities within the team, preparing, drafting and reporting of weekly/monthly/quarterly metrics for business review
Senior Financial Analyst
Eclerx Financial Services
07.2013 - 10.2018
- Process: OTC derivative Settlements EMEA
- Pre and post Settlements of Equity CDS, IRS through DTCC, CFM and bilaterally
- Coordinating and Liaising with Counterparty, Middle office, Cash management, Front office in case of discrepancies and issues
- Performing qualitative checks to eliminate errors before sending out mail to Management and Client
- Understanding of swift message and its fields, Performance of Call back and setting standard settlement instructions (SSI’s)
- Initiating & Transfer funds through Manual Payments (MT 202, MT 103 etc.)
Education
MBA - Finance
Jain University
06.2013
BBA - Finance
KLE CBA
06.2011
Skills
- Risk management
- Change management
- Regulatory compliance
- Financial analysis
- Process improvement
- Team leadership
- Project management
Languages
- English
- Kannada
- Hindi
Performance Achievements
- Highlighted as good performer on transition ground and received 'Hall of Fame'
- Received appreciation for maintaining less break count in post reconciliation
- Honored as best performer of the Domain for Q2 2016
- Spot Award for handling team during attrition and absenteeism
- Appreciation for clearing aged secondary nostro’s
Personal Information
- Mother's Name: Vijaya.T.Abbigeri
- Date of Birth: 06/01/91
- Nationality: Indian
- Place : Bengaluru
Timeline
Manager
Standard Chartered Bank
05.2023 - Current
Team Lead
State Street Global Markets
10.2018 - 04.2023
Associate Process Manager
Eclerx Financial Services
07.2013 - 10.2018
Senior Financial Analyst
Eclerx Financial Services
07.2013 - 10.2018
Senior Financial Analyst
Eclerx Financial Services
07.2013 - 10.2018
MBA - Finance
Jain University
BBA - Finance
KLE CBA
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