Zaheer Abbaas
Gurgaon
Summary
Dynamic professional with nearly 12 years of experience in capital markets and financial services, specializing in exchange-traded derivatives, equity, fixed income securities, and repo/stock lending. Currently leading the Reconciliations & Investigations team at Bank of America, delivering exceptional performance while maintaining high delivery standards. Expertise in managing back-office operations and resolving complex client queries ensures optimal satisfaction and operational efficiency. Proficient in compiling detailed MIS reports that facilitate strategic reviews and enhance client communication, driving operational excellence and fostering strong, lasting relationships.
Overview
12
12
years of professional experience
3
3
Certifications
Work History
Team Leader
Bank of America
09.2022 - Current
- Currently, I am working on the front-to-back reconciliation process for the fixed-income product.
- Working on products such as Repo, Gilts, Triparty securities, etc.
- Making sure trade flow is correct, liaising with various tech teams to improve auto-match, and eliminating glitches.
- Working closely with traders, customer groups, and business management to ensure absolute process adherence and high levels of client satisfaction.
- Making sure trade feeds with correct details to internal systems to ensure settlement and P&L aren’t impacted.
- Monitoring settlement failures, position (trading account) reconciliation, third-party broker matching and reconciliation; conducting P&L break research, position break flagging, and categorization.
- Involved in the reconciliation of Bank SL and nostro accounts, journal ledger adjustment, posting and clearing, month-end closing, and signing off the accounts, as well as cross-currency (foreign exchange) reconciliations of accounts.
- Having knowledge of SWIFT messages, validating incoming and outgoing payments. Working with custodians to ensure correct and timely settlement of cash.
- Administering delivery and depot management by using exception queues, delivery management tools, and direct access to the self-clearing portal; executing trade matching of transactions and investigating or escalating issues identified.
Senior Analyst
Deutsche India Pvt. Ltd
01.2020 - 08.2022
- Solution-oriented approach with excellent relationship management skills, successfully and consistently delivering the responsibilities of settlements of equity, structured products, fund ops, ETFs, reconciliation (nostro and depot), manual payments, and instructions.
- Perform trade settlement tracking and reporting through communication, consultation with brokers, custodians, front office, and other internal departments.
- Depot realignments, inventory management, and pre-matching for all VD-1 trades.
- Creative strategist with the ability to roll out and implement process improvement-oriented action plans to surpass performance benchmarks.
- Requesting creations from the traders on VD-1 in case of an overall short to cover the inventory.
- BUY-IN and interest claim investigation.
- Market maker creation and DB-issued creation and redemption.
- Highlight issues and escalate potential issues at the earliest possible opportunity.
- Team representative in UAT testing.
- Fix the location matrix and static in order to settle the trades STP.
- Proactively taken a couple of improvements and initiatives to streamline the business by eliminating manual efforts.
- Performed system analysis, documentation, testing, implementation, and user support for platform transitions.
Analyst
Deutsche India Pvt. Ltd
05.2016 - 12.2019
- Worked on the ECB Remediation Project.
- Build BRDs for inter-system reconciliations for six critical systems performed within the bank.
- Liaising with different product teams and technology for the information required in the BRD.
- Worked for F-SIP to facilitate the Brexit implementation.
- Reconciliation of Nostro and Depot accounts in the TLM application for Euronext, Euroclear, Italy, Austria, and Russia markets.
- Liaising with clients and internal teams daily in order to ensure all trade queries of equity are resolved in a satisfactory and timely manner.
- Monitoring trades and cash currency across a variety of markets, and reporting daily to management and the settlement team about any unmatched or sensitive trades that could pose a risk to the company.
- Monitor the write-off and net breaks for the entire week, and prepare the final report to resolve them.
Process Executive
Infosys BPO Ltd
08.2014 - 05.2016
- Worked for the US banking domain, part of consumer lending, which comes under consumer banking and payment.
- The processing department manually posts directed payments of consumer lending accounts on ALS, which are received through the imaging system.
- Also, perform validation on Payments and Advances (Rejects) that had been rejected from their original processing sources.
- To manage different accounts, i.e., loan account and credit card account.
- Responsible for tracking the status of an account.
- Responsible for paying off an account.
- Generation of different reports based on data.
Education
High School Diploma -
St Stephen's School
Kishangarh06.2011
BCA - Computer Science
Aryan International College
Ajmer04.2014
Skills
Proficient in MS Office
Quality assurance initiatives
Technical assistance expertise
Team oversight
Additional Information
Significant Achievements -
- Got 3 time SPOT award and Appreciation from Onshore.
- Silver Award
Certification
Certified in excel as CDP (Advanced Excel Training - VBA)
Timeline
Team Leader
Bank of America
09.2022 - Current
Senior Analyst
Deutsche India Pvt. Ltd
01.2020 - 08.2022
Analyst
Deutsche India Pvt. Ltd
05.2016 - 12.2019
Process Executive
Infosys BPO Ltd
08.2014 - 05.2016
High School Diploma -
St Stephen's School
BCA - Computer Science
Aryan International College