Yogesh Sharma

Assisting traders in booking rates trades, ensuring T+1 trade settlement, analyzing the inconsistencies of booking, and getting the booking issues resolved in a timely manner for a smooth settlement process.

At present, I am working on the products listed below:

Futures

Bonds

Options

Perform economic and non-economic amendments in Markit Wire and V-Master to match with the client.

Perform unilateral and bilateral amendments for swap trades on Markit Wire to match the internal system and counterparty.

Investigate and process amendments on rates trades, ensuring accurate trade representation in front-to-back systems.

Work on daily EOD control check reports, and give commentary on unmatched and pending trades to affirm.

Running multiple reconciliations to identify any economic mismatches between the internal systems and the system of record versus the exchange.

Projects and Achievements.

Worked on and executed multiple projects within the process to achieve process efficiency, time efficiency, and risk reduction.

Raised a few SIAI (self-identified audit issues) and fixed them at the source.

Currently working on a project: migrating an Excel-based reconciliation to CANVAS.

• Managing equity drafting and chasing for dealer banks, confirming the timelines of dispatching confirmation in a timely manner within the CFTC guidelines. Also, ensure the execution of the trade and resolve all litigation.
• Worked on derivative products (swaps, options, IRS).

• Migrated equity drafting from Hong Kong; earned exposure in exotic and structured products, and worked on the following exotic product.
• KOF (Knock Out Forwards)
• Exotic swaps.
• Exotic Options
• Equity Swaps.
• Equity options.
• Working on the end-to-end process, handling client litigation, chasing the client for the executed document, resolving queries, and liaising with the Front Office and Middle Office on a daily basis.
• Primary responsibility:
• Drafting confirmation and issuing confirmations to the clients within T or T+1, with high accuracy.
• Liaising with traders, sales, legal department, and overseas middle offices to resolve term sheet versus booking discrepancies.
• Preparing fixing advice for all the trades on a daily basis and sending it to the local back office or directly to the client.
• Follow up with the settlement team if there is any fixing advice that is outstanding to settle.
• Preparing monthly reports and presenting them to higher management is also involved in the daily routine.
• Thus, this involves maintaining data for daily drafting volumes, VLOOKUP, pivot tables, conditional formatting, and creating charts, issues, IT problems, and loss in BAU.

• Equity Outgoing Documentation Transition Process from Singapore and Bangalore to Mumbai for incoming/outgoing confirmation documents.
• Key Responsibilities:
• Recently promoted to lead a team of 12 people, closely working with clients across the NY, LDN, and HK regions to manage client escalations and priorities. Providing training to the team to improve efficiency.
• Subject matter expert in the London, New York, and Hong Kong client support team.
• Draft OTC equity derivatives confirmations: vanilla products/structure PTEs.
• Tracking and aging missing confirmations, as required by the CFTC and EMIR regulations.
• Maintain detailed logs for follow-up, as well as reporting to senior management.
• Liaise extensively with the Front Office, Middle Office, Legal, and the Trading Desks and Trade Support groups across Asia, Europe, and the US.
• Responsible for initiating and actively participating in document analysis and template implementation.
• Work with management to establish set priorities.
• Work with accountability on the execution of projects, and be cognizant of timelines, risks, and the quality of deliverables.
• Adhere to and promote coding standards and best practices.
• Lead cross-training in the team to continually spread and deepen knowledge.
• Spark innovation and attempt to find opportunities for efficiencies in the process.
• Upgrade knowledge continuously to be on par with technological developments and paradigm shifts in the industry and regulations in this market space.
• Manage expectations from global stakeholders across various business units, from analyst to MD level.
• The consent team and documentation SMEs are solving complex problems, design reviews, etc.
• Aims to execute confirmations in line with the Fed targets to minimize firm operational risk for all open trades.
• Building relationships with businesses and counterparties to ensure that there is effective escalation.
• Achievements: Received multiple client appreciations from the onshore head within three months of joining the process; having SME knowledge and trained new joiners for the process.
• EClerx appreciated the performance and rewarded it with CCA (Critical Allowances) and Star Performer for the years 2016–17 and 2017–18.
• Systems:
• Trident, TCW, B Query, Summit, Deltai, Sophis, Bytes, CCT, Tap.