Management Financial Analyst
Resume:
Zohra Somani
*************@*****.***
A highly motivated professional in OTC Treasury and Funding with an experience of over 5 years in the Banking domain with a blend of sound business acumen, communication, and analytical skills.
Key Skills:
Funding and Settlement
Accounting – Receipts & Payments
Credit Risk Management
Risk and Control
Options, Futures and Equities
Summary:
Banking Certification in Derivatives Operations and Six Sigma training with JDI automation for process improvement.
Perform OTC margin calls, Collateral Settlement, Breaks Reconciliation, and Interest Settlement on Collateral posted.
Funding of receipts and payments, reconciliations of books and nostros, balance transfers and settlement.
Understanding of GAAP (Generally accepted accounting principles), financial statements, ledger accounts, accounting reports, balance transfers and closing month end books of accounts.
Credit Risk management, Substitution and Novation of Agreements, Manual Adjustments of Mark to market value.
Operational Risk and Control, UAT testing, ISDA/CSA collateral agreements.
Experience in leading migration teams with the ability to train and mentor.
Experience in managing small to medium-sized projects.
Work closely with the Client onboarding team, Static data team, Documentation group and clients, to ensure accurate information is updated in the processing database.
Excellent analytical, problem-solving and communication skills.
Ability to learn quickly in a fast paced environment and manage responsibilities efficiently in time sensitive situations.
Professional Experience:
Bank of America Merrill Lynch
Senior Financial Analyst Aug 2010 – March 2016
Job Responsibilities:
Performing daily OTC margin calls with the global client base, managing counterparties by using internal risk systems and ensuring that high quality standards are always enforced.
Cash management (payments, cash receipts and cash bookings).
Quartz application (Application used to process margin calls in BOA) testing.
Ensuring the trade settles on value date, updating internal records to reflect the settlement and applying custodian details.
Reconciliation of Nostros, Collateral and Interest Breaks, Seg IA- Euroclear bookings.
Follow up with the clients for any cash fails or failed collateral transfers.
Investigate the unadvised funds received to our Nostro and allocate them to the appropriate books
Daily monitoring of client portfolios and processing of monthly Interest.
Responsible for the migration of Margins process and training offshore teams to deploy and execute the process.
SPOC for the ARAP (Accounts receivables and account payables) report.
Reporting of operational and collateral exposures to management.
Generate various reports related to cash, securities and collateral exposure.
Identify areas exposed to operational risk and implement procedures to mitigate them.
Interaction with various departments, including the Credit officer, Front office, Sales, Middle and Back office.
Publish consolidated collateral breaks report to various groups, including Sr. Management.
Booking agreed collateral (Cash and Securities) into various systems.
Investigation and reconciliation of client portfolios, aligning MTM's and mitigating the firm's risk.
Maintain a working understanding of ISDA/CSA collateral agreements.
Verify that all manual adjustments are captured prior to margin call processing.
Collateral Breaks Reconciliation, Substitution and Novation of Agreements.
UAT testing for the process in various environments.
Regarded as a Subject Matter Expert in the process.
Performing quality checks for fellow team members and identify the risks and errors.
Activities and Achievements:
Completed Six Sigma training and done JDI Automation.
Achieved Certificate in Derivatives Operations under Banking Certification Program.
Risk Rider for the team to identify the Operational Risk associated and implementing Controls to mitigate them.
Actively involved in organizing various town hall for the company.
Received several company awards in recognition for excellent performance.
Community Service:
Over 100 hours of community service in areas related to MIS.
Involved in Girl Scouts for several years.
Educational Qualifications:
Master’s in Business Administration – July 2013 Sikkim Manipal University, India
Bachelor in Commerce – March 2010 Osmania University, India.
Technical Skills:
MS Office
Most version of Microsoft Windows
MS SharePoint
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