Settlements Manager in Custody and Clearing Dept.

Nishant Talekar

E Mail: ***************@**********.***

Contact: +971-**-******* (M)

Seeking senior level assignments in Trade Operations Management / Foreign Exchange & Funding with an organisation of repute.

Précis

 A result oriented professional with over 9 years of rich & extensive extensive experience in Trade Operations encompassing:

Trade Operations Process Migrations & Enhancements Risk Management

Cost Control Liaising & Coordination Recruitment & Trainings

Client Relationship Management Foreign Remittances

 A strategic planner with expertise in designing systems & procedures and contributing towards improved financial performance, heightened productivity and enhanced internal controls.

 Expertise in carrying out trade operations activities including resource mobilisation for clients.

 Ability to support and sustain a positive work environment that fosters team performance with strong communication and negotiation skills.

Core Competencies

 Complying with rules & regulation of the Financial Services Authority.

 Managing the overall functioning of processes, identifying improvement areas and implementing adequate measures to maximize customer satisfaction level.

 Monitoring transactions to make sure that they adhere to the regulatory restrictions and prudential norms.

 Overseeing all Trade Operations and Foreign Exchange and Funding done for Trade Settlements in a Global Custody and Sub custody.

Organisational Experience

Since Apr’08 with HSBC Bank Middle East Limited (Dubai – DIFC Branch) as Settlements Manager – Custody and Clearing

Key Deliverables:

 Handling settlement of trades in Dubai Financial Market (DFM), Abu Dhabi Exchange (ADX) & NASDAQ Dubai.

 Overseeing movement of stock between Trading and Registry on ADX & DFM terminal.

 Undertaking verification of trades (Swift instructions like MT541, MT543, MT599 etc.) to ensure timely settlements of trades before the market cut-offs.

 Liaising with the clients to provide accurate and timely instructions.

 Acting as an interface between client and the local broker.

 Making an active involvement in increasing the Step Rate Analysis to reduce manual intervention and have a risk free process.

 Updating the SOP’s on a regular basis.

 Working closely with the team to reduce costs.

 Involving in regular one-on-one session with the designated subordinates.

 Setting objectives for band 7 staff and conducting half yearly appraisals with subordinates.

Attainments:

 Joined HSBC as the FX & Funding Manager and subsequently rose to the present position.

 Successfully stabilized the FX process by bringing in various controls and moved to Settlements process.

 Initiated introduction of reporting tools like Key Performance Indicators, Productivity Report, FX Profitability Report, etc.

Feb’04 – Mar’08 with J P Morgan Services India Private Limited, Mumbai (India) as Process Manager – NATO Domestic Team - Trade Operations

Key Deliverables:

 Handling a team of 27 Processors (24 Team Members & 3 Team Leaders) including 14 sub processes related to the processing of the reject trades falling in the US market.

 Spearheading efforts for the timely and accurate processing of the reject trades falling in the system for the U.S.A market.

 Managing migration of new processes (Derivatives, Directive Tracking, etc.) into NATO Domestic Team from JPMorgan Chase offices globally.

 Handling functions pertaining to MIS, Managers Score Card, Service Delivery Score Card, KPI/KRI reporting to the Business Managers.

 Verifying Swift cancellation messages.

 Interviewing new hires in the process & arranging for their training.

 Setting up job objectives and job description for the information of the designated reportees.

 Conducting quarterly appraisals and ensuring that all staff abide by the Standard Operating Procedures.

 Ensuring:

- Minimum Turn around time (TAT) without compromising on accuracy.

- That all Mandatory Trainings are completed by the staff.

 Looking after the training needs of the designated reportees through Learning Connect.

 Working on the Step Rate Analysis in coordination with the Dallas (USA) counterpart thereby enabling improvement in productivity of the team as well as less manual intervention.

 Arranging team meetings.

Attainments:

 Functioned as an active team member of the team when the team was awarded as the “Team of the Quarter” for the Fourth Quarter of Year 2004.

 Distinction of being awarded the Service Star twice by the Dallas counterpart for outperforming & crossing the benchmarks.

 Overseas experience gained included:

- Distinction of functioning as a part of the team which went to Dallas (US) for one month to migrate the NATO Domestic Process to JPMorgan in Mumbai. This was the first migration for NATO Domestic processing team to Mumbai.

- Was sent to Dallas again to migrate the Derivatives Manual Processing Function from Dallas to JP Morgan in Mumbai.

Sep’03 – Feb’04 with Standard Chartered Bank (Dominion Services), Location as Junior Customer Service Executive;

Key Deliverables:

 Handling Nostro – Vostro Accounts including:

- Downloading statements for all Nostro & Vostro Bank Accounts.

- Authorizing payments to be made to other banks via Swift.

 Making Swift Messages as well as attending queries of the Remitter & Beneficiary.

 Investigating the paid & unpaid status of the funds.

 Verifying the transfer instructions of Redemptions.

 Handling all the Mutual Fund Current Accounts maintained with Standard Chartered Bank including:

- Dividends, Direct Credits and Salary to the accounts of various investors.

- Giving customer service to all the Mutual Fund companies & Nostro – Vostro customers.

Jun’02 – Sep’03 with ICICI Bank Limited, (Palghar) as Sales Executive – Customer Acquisition

Team (CAT)

Key Deliverables:

 Selling all retails products of Banks and handling the reporting of 3 sales executives.

Apr’01 – Jun’02 with Aptech Computer Limited, Boisar as Senior Faculty – E–Commerce

& M–Commerce

Career Initiation

 Jun’99 – Aug’00 with Neon Labs Ltd., Palghar as Chemist / Coordinator

Professional Certifications

 Computer Course from Boston Computer Institute, Mumbai in Web Development (Java, Oracle8i, EJB, JSP, CORBA, WAP, WML, & Site Server), 2001

 Course in Capital Market from Bombay Stock Exchange, 2004

Academics

 Masters Programme for Executives Course from NMIMS College, Mumbai, 2008.

 B.Sc. from Mumbai University with Second Class, 1999.

Personal Details

 Address : M-5, Mr. Mohd. Abdul Saleh Building, Near Karama Fire Brigade, Next to Karama Post

Office, Dubai, U.A.E

 Passport : B1044927

 Visa : Residence VISA (UAE); B1/B2 10 years USA Multiple Visa

 Date of Birth : June 20, 1978

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