Playing Basketball
Yashwant Gangtire
Operations Associate - FXMM & OTC Derivatives
Pune,MH
Summary
A competent professional with 09 Years 10 months experience in Investment Banking which includes-Trade Confirmations and Settlements, Reconciliations, Operations Management, Client Relationship Management, Vendor Management and Team Management. Detailed knowledge and experience of Foreign Exchange and OTC Derivatives products.
Overview
5
5
years of post-secondary education
10
10
years of professional experience
Work History
ENO- Global Cash Products, Settlement Team
Credit Suisse
Pune, Maharashtra
04.2019 - Current
- Ownership and accountability of the FX trade confirmation, settlement and Nostro Reconciliations. Supervising team of 08 FTEs
- Contact point for functional managers, internal and external clients
- Approval and authorization of day to day transactions-Final gateway
- Lead and resolution of thematic issues from functional managers/internal/external clients
- Monitor KPI in line with functional requirement
- Monitoring of supervisory checks and controls on daily basis that are performed by the team members
- Preparation of risk reports for senior management such as Nostro aged fails, Resource utilization
- Incident Management - Transparency on control/process failure/remediation's
- Taking the lead in UAT for departmental initiatives and projects and proactively suggest system enhancements to improve team efficiency
Associate
Morgan Stanley
Mumbai
04.2017 - 04.2019
- Overall Vendor performance oversight for Equity Swaps confirmations and settlements team
- Handle and improve supervisory controls by vendors on day to day processing
- Approval and authorization of the payments
- Investigation and resolution of client fails through various means, including daily interaction with trading desks, sales desks and middle office groups to ensure prompt resolution
- Proposing of daily Client Money items
- Responsible for Vendor KPI review to track KPI breaches.
- Handling all escalations and guiding vendors on the same
- Thorough review of procedures/controls conducted periodically
- Prepare local and global MIS for distribution to management
- Suggest,manage strategic and tactical solutions, inclusive standardization of process
Assistant Manager
HSBC Electronic Data Processing India Pvt.Ltd.
Bangalore
06.2016 - 03.2017
- Confirmation and Settlement Exceptions handling for FX, Money Market Process
- Daily communication with clients to agree upcoming cash flows
- Investigation and resolution of client fails through various means, including daily interaction with trading desks, sales desks and middle office groups to ensure prompt resolution
- Managing the resolution and analysis of aged breaks/exception items which includes investigation, explanation and timely escalations
- Preparing, compiling & presenting various weekly/monthly reports pertaining to process, and productivity. Also, actively involved in preparation of Monthly Business Review desk
Senior Analyst
eClerx Services Ltd.
Pune
07.2011 - 06.2016
- Performing FX deal confirmation and currency settlement of various international currencies for internal and external clients and matching platforms like FXALL, MISYS, and GTSS. (Confirmation of FX trades via MT300, CLS, & Email Confirmation)
- Responsible for FX Pre-Settlement and Pre-Confirmations Team and make sure deliverables are met in time
- Investigate and rectify trade discrepancies, net money difference and unmatched items
- Creation and submitting the ticket for change in client SSIs
- Timely escalation of any issues/incident to stakeholders and eclerx senior management
- Accountable to track the change in procedure and updating in procedure document and also to make sure the change is communicated effectively to team member and all changes are implemented in day to day processing of work
- Proactively figure out the critical task/critical check points in the process and to ensure proper audit structure in place to mitigate the risk
Education
MBA - Finance
Mumbai University
01.2008 - 01.2010
Bachelor of Commerce -
Amravati University
01.2004 - 01.2007
Skills
Settlements and Delivery
Accomplishments
- Successfully transitioned of FX processes from different region
- Driven and suggested an ideas in the on-going development of the system to improve the efficiency and to reduce manual intervention
- Actively participate in SOX Audits with zero findings
- Active participant in BCP exercise
Interests
Reading
Timeline
ENO- Global Cash Products, Settlement Team
Credit Suisse
04.2019 - Current
Associate
Morgan Stanley
04.2017 - 04.2019
Assistant Manager
HSBC Electronic Data Processing India Pvt.Ltd.
06.2016 - 03.2017
Senior Analyst
eClerx Services Ltd.
07.2011 - 06.2016
MBA - Finance
Mumbai University
01.2008 - 01.2010
Bachelor of Commerce -
Amravati University
01.2004 - 01.2007
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