Immaculate Anusha Raj - Final
- 1. Immaculate Anusha Raj No 3 Muneshwara Temple Building 24th D Cross Ejipura Bangalore: 47 OBJECTIVE ________________________________________________ My primary objective is to ensure I continue to learn and deliver while enhancing my knowledge that would help not just my career but the company’s betterment from my services. EDUCATIONAL QUALIFICATION _________________________________ Bachelor of commerce 2008 University of Mysore Karnataka, India VISA STATUS_________________________________ VISA INFORMATION: Existing B1/B2 visa to the United states valid through 2021 PROFESSIONAL EXPERIENCE GOLDMAN SACHS SERVICES PVT LTD June2008- January 2011 Responsibilities: Client On Boarding: Onboard a client by setting up accounts internally with the data provided by the client data management team. Due diligence and ensure information to set up client account is up to date and valid with the help of various internal resources. Maintain client confidentiality while updating sensitive information e.g.: fax numbers of the client with cent percent accuracy. Complete allocation of work on a daily tat basis. Dividends: Identify dividends to be claimed and owed to various counter parties on the back of Market failed trades. Ensure the dividends claimed are sent to the correct counter parties. Pay dividends to counter parties as and when claimed as well as identified. Ensure wire details of counter parties are up to date and accurate as payments were made on a daily basis to them. Provide accurate data to counter parties on request and maintaining a good relationship with them. Brokerage Clearance & Exchange: Ensure receipt of invoices from various brokers on a monthly basis. Reconcile the trades and brokerage charged on the invoice internally with the help of various
- 2. systems. Ensure fee schedules and invoices paid are up to date. Maintain healthy relationships with the brokers. Accruals of invoices on a monthly basis. General ledger reconciliation to confirm payment has been made accurately along with client money being accounted for. JP MORGAN SERVICES PVT LTD March 2011 Present Responsibilities: Mutual Funds: Facilitate transfer in & out of mutual fund client positions Reconciliation of JP Morgan client books with clearing agent Charles Schwab, and various funds direct companies, where client were held positions directly. Ensure every break, with position mis match was identified on time and reported appropriately for timely adjustment Responsible for internal account transfers between JP Morgan client books Make inter account journal adjustments of trading accounts through general ledger postings Preparation of high level reports to management groups at donor location(New York) Speaking to fund companies when position files were not present to reconcile and identify electronically Timely escalation of instances where breaks had trends and identification ways to reduce breaks NON ACATS Transfers: Ensure timely updates of coded tiff paper work sent my donor location Reports prepared and maintained on a daily basis for metrics Follow up calls on all transfer paper work coded until completion Query resolution on all possible issues with transfer of Mutual funds, cash positions, foreign assets etc. Interaction with various contra firms in order to complete the transfer as per sla Ensure rejection and de coding of transfers that were either completed or rejected Resolve queries through online internal systems to ensure the concerned FA is aware of the account transfer status Cross trained on ACAT rejects with respect to transfer rejections and ensuring all soft reject adjustments or updates are made on transfers rejected by the contra firms. Hard rejects were informed to onshore management for timely resolution. Settlements: Cash Margins: Work on cash margin repo trades and ensured all payments and receipts were coded and settled in the marked accurately as per currency and entity in our system as per the settlement date Ensure payments due to counter parties were made prior to currency cut offs to avoid market exposure that could be a potential loss to the firm and damage firm reputation
- 3. Ensure all receipts are coded prior to settlement date to avoid kick back of funds due to the firm Perform a recon between the our file versus our live trading feed to ensure all unapplied cash has been accounted for Highlight all non receipts to the middle office to ensure completion prior to market close Daily interest due to counter party or receipt to the firm are provided by our MO, we ensure the trades are netted and paid or claimed accurately from the counter party to avoid over payment Perform necessary QC checks prior to payment release Ensure SSIs used are accurate prior to payment, and performing call backs based on the Global Fund Transfer policy Shorts Fails management: Work on failed trades through an internally created dashboard, ensure all trades where we are due to receive positions (CLAC) are chased on and stock due to others are checked and offered as partials (LACK) Ensure to check depot prior to following up with the counter party Ensure all high nominal trades are monitored and if positions are available in the depot they are offered as partials to the counter party which reduces the fails exposure Post agreement ensure cash and stock are split accurately and process the trade split only in the EUROCLEAR market LCH reporting: Work out of the LCH portal, download certain files and upload the same on the internal drive that matches all trades traded on the LCH platform Net trades in the French and Spain market from files downloaded from the portal, reporting all unmatched trades to our management to ensure trade does not fail in the market Report end of day unmatched and settled positions as per the failed trades file Rejects processing: When a settled trade has been amended in either the front office or middle office systems, it falls into the rejects Que. which is managed by our settlements team, there could be various error codes of which our team manages about 5 error codes These amendments do not flow into the back end systems because these trades are already settled down, creating a break which needs to be processed. Risks involved is, cash amends cannot be made as trade already settled, while processing, need to ensure dupe instructions are not sent to the market. Also need to ensure the trades deleted have replacements ACHIEVEMENTS_______________________________________ _______ Core member of team in clearing back log of invoices due to clients Lead junior team members in absence of Team lead Organised training plans for new graduates Awarded extra miller awards in recognition of tasks that benefitted the control & efficiency of the team Been responsible for two successful migrations with the mutual funds process Supervised the team in absence of team lead, also responsibility of performing and assigning key
- 4. tasks on behalf of the team Awarded change management award for improving and streamlining an existing process saving time, by making better use of systems Successfully performed the FMEA model for the mutual fund process that helped bring in efficient controls and macros that saved time Identified as a key point contact by onshore locations Identified as an integral core member during the streamlining of functions Feedback by senior management states strong communication and analytical skills Responsible for ensuring call backs on delivery check instructions are performed accurately by the team (ad hoc service provided to stake holders in addition to transfer follow ups) Core player during reverse migration of the NON ACATs process Received feedback in being passionate towards resolving IT issues for LCH and during BCP situations being an integral team member in resolving knowledge gaps with the middle office teams Cross trained in 4 settlement functions in short span of time DECLARATION________________________________________ _______________ I hereby declare that the above furnished information are true to the best of my knowledge. Thank You. Date: Place: Bangalore (Immaculate Anusha Raj) Ph: +91 9620139387