PROFESSIONAL EXPERIENCE
Cognizant Technology Solutions (UBS IB) Hyderabad, India
Process Specialist – ( Acting TL)
April 2014 – Till date
Job Responsibilities : Exchange Trade Derivatives
I. Client Margining :
• Ensuring correct Initial Margin is applied based on the various exchanges and products per contract.
• Managing Exchange margin calls (both Initial and Variation Margin).
• Daily processing of Client and UBS margin calls/recalls.
• Receiving/ Pledging Cash and non-cash collateral with respect to exchange.
• Processing cash moves between secured and segregated balances (US Regulatory moves).
• Facilitate the delivery/receipt of foreign exchange to cover to cover IM calls.
• Verification and allocation of FX’s to client accounts.
• Investigation and validation of the payments.
• Making sure same day calls/recalls has settled by EOD with no disputes and issues.
• Investigation on previous day failed receipts and payment.
• Providing margin call status commentary to Risk and credit teams based on requests.
• Handling clients like PIMCO, BlackRock, Scrohoders and Northern Trust.
II. Investigation on Margin Disputes:
• Investigation on margin call disputes.
• Reconciliation and investigation of Nostro breaks.
• Position reconciliation between UBS, Client and Exchange.
III. Static Data set-up:
• Setting up SSI in the internal payment applications.
• Mapping of SSI to accept (NTRF)
IV. Reporting :
• Notifying London and North America cash teams on daily SSI’s ALERT notification.
• Reporting same day large margin calls/recalls to higher management.
• Daily risk reporting.
• Reviewing previous ten days cash and collateral movements.
• Drafting of SAR reporting and attending SAR calls on weekly basis.
Team Handling :
• Monitoring daily activities of the team and carry out required approvals/checks during settlement process throughout the day and work closely with the team.
• Hold daily team huddle and attending weekly meetings with the team to provide any Management update, discuss issues, by way of open group discussions and find solutions/work around on issues highlighted by idea generation, share observations on team performance and attend questions/queries from members.
• Attending weekly SLA and RTB calls with Onshore and provide key inputs like new joiners training update, adherence to KPI and strictly reducing the exception to below 3 days.
• Providing process feedback, control checks to team members.
• Single point of contact for any exception/issue resolution to Onshore.
Migration Experience :
• Spearheaded the migration of Client Margin process from Infosys to Cognizant 2013.
• Continuous collaboration with UBS London and Infosys team was undertaken by me to ensure smooth transfer of the process.
• Successfully On boarded many projects from London and North America office.
PREVIOUS EMPLOYMENT SUMMARY
UBS Investment Bank London, UK
Collateral Analyst
March 2013 – March 2014
Job Responsibilities : Exchange Trade Derivatives
• Contacting clients to confirm margin call coverage.
• Authorization of payments.
• Review and authorization of standard settlement instructions.
• Investigation of cash and non-cash collateral reconciliation breaks, in liaison with offshore processing team.
• Providing margin call status commentary to Front Office teams including Risk and Credit
• Compiling management reports and analysis.
• Learning about the PB business and understanding the margin methodologies used to ensure effective risk mitigation.
Cognizant Technology Solutions (UBS IB) Hyderabad, India
Senior Process Associate
April 2010 – Feb 2013
Job Responsibilities : Global Treasury MIS
• Monitoring and coordinating the process related activities form a variety of sources published by Securities Settlements Operations into a single global report distributed to key stakeholders in Credit Risk control and Securities Settlements Operations on daily basis.
• Daily analysis to show Collateral held and Pledge, types of Collateral, Unused Collateral and all these information providing to our onshore business managers.
• Compilation of Daily Mark to Mark (MTM) details for UBS clients and performed analysis on if any large swings on MTM for any of the client.
• Analysis to track those clients which have potential to issue margin call or UBS can issue margin call on daily basis by using internal application.
• Analyze to determine client’s current and potential exposure in relation to their trading strategies and ensure clients have deposited sufficient collateral against policies set by risk management.
• Reconciliation of Nostro accounts to show the difference between ledger and statement balances and if any large balance reflects for any account then need to perform analysis behind the large swings.
REWARDS AND RECOGNITIONS
• Promoted in 2011 as Senior Process Associate for contributing successfully to department’s growth.
• Promoted in 2013 as Process Specialist.
• Received Certificate for Outstanding Performance, productivity and dedicated service.
• Received Six Sigma Yellow belt Certification.
• Received Extra Miler award for Quarter 1-2015
EDUCATION
P.G. Certificate in International Business Administration
March 2013 – March 2014
St. Mary’s University London, UK
Studied Managerial Accounting and Finance, Organizational Behavior and Leadership, and Global Business. Analyse the macroeconomic, political and cultural environments of the emerging market economies and the forces for change within them and make strategic recommendations for firms wish to enter emerging markets.
Bachelor Of Management Science
June 2007 – June 2010
National P.G College, Lucknow University Lucknow, India
Selected Coursework: Statistics, Finance, Marketing, Organizational Behaviour, Accounting.
IT SKILLS
Proficiency in all areas of Microsoft Office, including Access, Excel, Word and PowerPoint
