YATHISH KUMAR

y Result Areas with Corporate Settlement Team:

• Processing Group Remittance payments (GRPR) and making sure trade is booked correctly in terms of amount, FX amount, rate and value date and customer name and coordinating with front office in case if trade is booked incorrectly
• Splitting trade as per request received and crediting customers DDA accounts
• Posting ledger entries, partial & full reversal entries of group remittance payments
• Processing profit sharing once in month as monthly activity
• Managing repair queue where customers have booked the deals using platforms such as FXOL20, FXOL15, WELLSX, BUFFET & INTPRO
• Working on deals which doesn’t match SWIFT standards and ensuring payment are made in timely manner
• Raising MT101 where there is no access to debit customer’s account directly and sending MT103 for KRW deals whose value is equal or above 20K USD for designated banks
• Making KRW deals payments by providing REUTERS code whose value is more than 20K USD
• Eliminating netting and enabling customer to receive single payment
• Administering offset queue where trade is getting reversed and reversal entry has to be passed
• Performing history transaction study to identify trade, whether it’s for corporate or retail
• Identifying trade based on key references or account with which it has to get settled
• Netting contract and crediting the difference amount to DDA & MCA account depending upon the request

Key Result Areas with Retail Settlement Team:

• Processed FXIN’s - FX- incoming payments and credited customers DDA
• Authorized FXIN's - FX incoming payments to credit customers DDA
• Managed: Processing of FED (Federal Reserve Payments) to credit final beneficiary account held at other bank
• Authorizing FED payments
• Processing of FMSS- offsets of trades

Key Result Areas with FX Investigations Team:

Third party CCY Investigations

• Migrated FX - Third party CCY investigations process from US to India
• Investigated 3rd party currencies where there is no direct Nostro set up
• Handling queries like unable to apply credit, beneficiary claims non receipt of funds, amendment, recall, return of funds, and sanctions queries
• Manually settling MT103 and MT202 for deals which receives instruction post value date
• Requesting offset for trades with different groups as and when the funds are returned
• Experienced on swift messages on MT19 series (like 191,192,195,199,103 etc.), MT 210, 299, MT999, MT910, 940 and MT950
• Handling inquiries from clients and banks via swift, email relating to MT103, MT202, MT202 cover, fed, and chips payments
• Liaising with internal departments, traders, providers, Overseas Representative (CSO) offices, Front office and clients when required
• Working on outstanding credit/debit breaks and ensuring that the outstanding items are cleared
• Liaising closely with reconciliation team and ensuring that all entries are matched correctly
• Working on MT191 charges and other bulk invoices (MT202)
• Hold for Cover - investigating receipts of funds, validating the funds with the related MT103/202s and updating the same to wire department
• Call back verification to customers if required
• Preparing duplicate report on daily basis to ensure that there are no duplicate/unnecessary cases are created
• Providing update to traders and management on cases aging above 10 days on weekly basis
• Training new/junior level team members
• Monitoring mailbox and routing the different queries to team members
• Doing work allocation once IPA report is out for the day
• Tracking actioned/un actioned items by team members at the EOD
• Attending weekly risk meeting with onshore managers along with offshore managers to discuss and provide update about the aging cases

USD Investigations

• Investigating and returning funds to client via MT202 in case if we are not able to apply the funds
• Handling return of funds from bene bank by requesting offset to the deal
• Handling compliance cases and liaising with client for required details
• Handling Non receipt cases where we are missing out on funds that were supposed receive, reaching out to the required departments for the same and making sure we are in receipt of the funds
• Handling DWOI cases where deal is booked without instruction, reaching out to client for instruction
• Handling debit cases where our account is debited and case is outstanding with us
• Handling Debit and credits related to FCA (foreign currency account) accounts
• Handling internal department transfers
• Handling FCA returns
• Handling email queries

Additional Key Result Areas:

• Oversaw flow of live queues and junior team members to ensure smooth flow of the deliverables
• Updated dashboard and weekly & monthly metrics and shared the same with management
• Modified/created access request and maintained RASP tracker-disabled/enabled user ID
• Developed & updated monthly newsletter (R&R and project details)
• Imparted training new joiners in team and directed entire process
• Raised ticket to achieve monthly count for team and published the report to management
• Created & sent Minutes of Meeting (MOM) every week after the team meeting
• Managed quality tracker and timesheet for team
• Created and sent MBR (Monthly Business Review) and QBR (Quarterly Business Review) to higher level management
• Performed error analysis for team on monthly basis
• Taken part in weekly Ops tech call to discuss progress of the projects
• Being back up resource for team lead

• Pivotal in ensuring timely & accurate processing of: Transactions/deals, such as subscriptions, redemptions, switch and conversions General registration task such as renunciation/coverall agreements, re-registration tasks including ISAs & Stock Transfers Acted as key subject matter expert on complex tasks and mentored junior level employees Maintained integrity of TA client registers and ensured adherence to client & departmental SLAs

• Acknowledged as: Best Newcomer for quick learning in 4th quarter of 2012 Quick Witted Learner for 2nd quarter of June 2013 Managed: Nostro reconciliation of various products such as Foreign Exchange, Money Market and Derivatives Cash reconciliation of Nostro accounts including matching of breaks through SWIFT messages (MT940 & MT 950) Pivotal in: Handling retail banking reconciliation having debit card & credit card transactions flown through Equence system Organizing & attending weekly call with Global Network Management team (GNM) to discuss regarding progress & issues of reconciliation Successfully investigated GBP, EUR, and USD Nostro accounts and sent enquiry SWIFT (MT 199) for more information Collaborated with various internal departments & agent banks on unsettled/outstanding funds through phone, e-mail, and SWIFT Successfully initiated return of fund to client if it’s been paid in error or unidentified for more than 5 days

Generating leads in the market and converting them as sales.