Zahid Hussain Parvaiz
Pune
Summary
Seek a challenging position in a progressive organization that will utilize my experience, expertise and capabilities to the optimum and help me to contribute to the growth of the company.
A self-motivated Finance professional with the total work experience of more than 9 years. Well groomed in Zero error tolerance environment. Expert learner of new applications. Good academic performer. Innovative professional with many years of experience elevating performance of mid-sized businesses to unprecedented levels. Team player gifted at instilling common vision while managing major organizational changes that benefit both individuals and company. Customer-focused dynamo with strong drive and passion to win new business.
Overview
17
17
years of professional experience
Work History
Vice President
Barclays Global Services
Pune
05.2018 - Current
- Managing day-to-day operations of middle office teams that includes Trade Validations, T0 Trade reconciliations and variety of T+1 trade and position reconciliations.
- Collaborated with cross-functional teams to launch a successful reconciliation built to standardize the process, reduce number of FOFO reconciliations resulting in reduction of NOSTRO breaks and internal confirmations.
- Led cross-functional teams to streamline operational processes, resulting in a 10% increase in efficiency and cost savings.
- Worked with external vendor to Automate the Trade validation process for RATES Derivative products to reduce manual efforts and utilize the efficiency created for the more complex products.
- Streamlined Standard operating procedures to reduce duplication, standardise the content and reduce documentation.
- Collaborated with senior leadership to develop and execute strategic initiatives to drive business growth and increase profitability.
Manager
Deutsche Bank
Pune
08.2011 - 05.2018
- Led a team of 15 employees, overseeing day-to-day operations, training, and performance evaluations.
- Hands-on experience in trade capture for equity derivative products, including structured products, OTC derivatives, and swaps.
- Monitoring Corporate Action and making the required adjustments in FO system to make sure risk is reflected correctly.
- Calculation of payoffs (life cycle events) for structured notes, OTC trades and Swaps
- Working together with P&L control teams to ensure all P&L issues are sorted on T+1 and escalating all pending issues to the desk in time
Senior Associate (Operations)
GlobeOp Financial Service Ltd.
03.2008 - 05.2011
- Daily Cash & Trade reconciliation between Client and Prime Broker Account.
- Evaluate Cash and Position settlement of various financial instruments for Equities, Derivatives (Futures & Option), OTC (IRS, CDS, and Options).
- Handling wire payments related to subscriptions, redemptions & claims (interest, fees etc.)
- Resolving the pricing queries for various exchange traded financial instruments with by using Pricing sources like Bloomberg.
- Preparing Month Position & Cash reconciliation for valuations & calculating NAV for the Hedge Fund (Client).
- Actively participating in calls with new Clients to help them understand the system & method used for reconciliations.
Education
MBA/MMS -
Rizvi Institute of Management Studies
Mumbai01.2008
B.COM -
Mohan Lal Sukhadia University
Udaipur01.2005
H.S.C. -
St Paul's Senior Secondary School
Udaipur01.2002
S.S.C. -
St Paul's Senior Secondary School
Udaipur01.2000
Skills
- Windows
- M/S Office-Word
- Excel (Advanced)
- Bloomberg & Reuters
- Macros
- Risk management
- Strategic planning
- Partnerships and affiliations
- Process improvement
Languages
- English
- Hindi
Accomplishments
- Led cross-functional teams to streamline operational processes, resulting in overall FTE reduction in the team by 10%.
- Lead the SOP consolidation initiative for the team and reduced the overall count of SOP's by ~50%.
- Worked as India lead for the new FOFO recon tool which aims to consolidate all such recons across asset classes.
- Worked on Front office system version upgrade as one of the key resources in the Trade Capture team.
- Provided key support and inputs while working upon the new reconciliation tool while working at GlobeOp Financial Services.
References
References available upon request.
Timeline
Vice President
Barclays Global Services
05.2018 - Current
Manager
Deutsche Bank
08.2011 - 05.2018
Senior Associate (Operations)
GlobeOp Financial Service Ltd.
03.2008 - 05.2011
MBA/MMS -
Rizvi Institute of Management Studies
B.COM -
Mohan Lal Sukhadia University
H.S.C. -
St Paul's Senior Secondary School
S.S.C. -
St Paul's Senior Secondary School
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