Smitha

SMITHA SRINIVASA Mobile:-,- Address: No.1562/A, Shivalaya, II Cross, Suggappa Layout, Yelahanka, Bangalore 560064 Email Id:- OBJECTIVE To work for an organization that appreciates hard work, encourages learning and provides ample opportunities to constantly enhance my skills and obtain a challenging growth oriented position. PROFILE 9+ year’s cumulative experience in investment banking services and financial services which includes, 6.5 years with Societe Generale: Equity Settlements and Depot & Nostro reconciliation and Product Control division. 10 months with Lehman Brothers: Fixed Income settlement and Trax Management. 2 years with HCL Capital Market for Deutsche Bank: Fee Billing & Brokerage, Custody & Transaction fee reconciliation. Supervised the Product Control division for derivative group and worked/managed the team involved with settlements and Brokerage. Experience in Settlements, Brokerage, Product control, Process Migration, Quality Analysis, Client Relationship, Team Management, Testing of new application. Experience in preparing KPI’s, Dashboard, SOP’s, and workflows of the process. Majorly focused on People/Client/Process Engagement through various tasks/activities to ensure regular improvements like cross trainings, one-one meetings, team meetings, meeting with client/ITEC and other team building activities. Exploring ways to automate the tasks in the team by initiating macros or few excel templates. Regular meetings with on-shore clients to discuss on the tasks delivered, team performance, KPIs, SOPs, new process transition, issues and resolutions. Involved in testing of new application to identify missing features, further enhancements and also make it user friendly to respective process by working with Paris ITEC team. PROFESSIONAL EXPERIENCE & ACCOMPLISHMENTS Team Supervisor (from August 2010) Product Control Group (Derivatives): To supervise and manage a team of 7 people who are involved with the accounting reconciliation and reporting activity under Product control group. Reconciliation between Accounting (GL) & Inventory (BO) Reconciliation between Front office & Accounting (GL) Manual adjustments. Responsibilities: Performing controls and reconciliation between Accounting (GL) and Inventory (BO), to ensure accuracy of accounting P&L, Balance Sheet and off Balance Sheet in lieu with accounting scheme and standards and that the accounting data and inventory data for the dedicated accounts are stabilized and consistent for reporting. Analyze, explain and adjust the discrepancies identified through manual entry every month. Discrepancies are contributed by Rejections, ITEC issues, OPER related, any others. Improving the reconciliation processes through prompt follow-up and monitoring of actions plans with OPER & ITEC. To facilitate proper accounting closures, adjustments to Total GL Balances / Inventory Balances as identified are posted. Produce daily P&L report and provide daily P&L attribution analysis, Perform Front to back reconciliation, Analyses daily P&L movement and document on weekly and monthly commentaries, Support month end closing such as MIS to General ledger reconciliation. Writing commentaries on large PnL swings, explaining in terms of action to be taken by the support team. Validation of the analysis and the manual entries input by the team to control any Breaches and thus ensure the KPI are maintained above the benchmark. Prepare weekly and monthly report to include the discrepancies analyzed and the action required, highlighting the high value discrepancies and share the same with ITEC team managers, OPER team managers, Operational head and withon-shore clients. Preparing, reviewing and updating the SOPs and workflows of the process and discussing every quarter with on-shore clients. Preparing and sharing the dashboard and KPIs every month with the clients. Working on process re-engineering and process improvements. Assisting and work with application Development team on process functional requirements on any new application initiated or upgrading the existing one. Scheduling weekly calls with on-shore clients to discuss the week’s performance. Scheduling weekly calls with Local & On-shore ITEC/OPER to discuss and reduce the aged unresolved issues raised with them. Weekly discussion with manager on the performance of the process/team and to get feedback of the process performed and people performance. Setting Yearly Objectives and PDP to the team members and reviewing them with them on a quarterly, half yearly basis to track their performance. Having regular weekly team meeting, One on One meeting with each team member on a monthly basis. Conducting interviews for the role of Executives, Senior executives and SME. Involved in knowledge sharing through class room sessions for New Joiner and other peers. Handling team queries and any escalations and suggesting/guiding the team towards right direction. Nominating team members for spot awards, Monthly awards and Quarterly awards. Selected Accomplishments: Trained on-site in Paris on Loan & borrow of cash reconciliation activity Learnt processes at a faster pace and received positive feedback from the SME (Anna SIDOROVA) Prepared a details workflow which was appreciated by the client. Received Spot Star award twice for automating the formatting process and for managing high monthly volume. Headed the team on the BCP tests and during actual requirement and also on Audit/Inspection. Received award for proposing innovative idea to the organization. Received appreciation from Paris ITEC team for working with them to monitor and track the performance of the new application and suggesting enhancement features. Senior Business Executive (March 2007 to July 2010), Equity Settlement & Reconciliation Responsibilities: Pre and Post Settlement (Equity): Matching the trade details and the settlement instruction with the counterparty prior to the settlement deadline of the trade. Monitoring and managing the settlement fails to optimize the settlement efficiency by ensuring that, the fail rate is kept at the minimal level. Translation of the message as sent by the agent/custodian on the trade for the middle office to view and action further. To ensure smooth and efficient matching of all trades by effective chasing of the counterparty/agent/ custodian to have the maximum number of trades matched before the settlement date and to have an accurate and complete note on the investigated unmatched trades to facilitate the fail analyst to action further. Investigating on the trade allegements of counterparty and reporting the same to the middle office. Resolving the issues preventing the trade matching or settlement of the trade, for timely matching/settlement of the trades and escalate any investigated High Risk unmatched/unsettled trades(Trades greater than 5 million GBP, trades where there is the risk of Buy-in, trades with sensitive client, trades with dividend attached on the trade) to middle office wherever required. Check for possibility of Net-offs with the counterparty, Partial-offer with the counterparty, Depot realignment and for any Buy in’s. Meeting with the funding requirements. Settlement Reconciliation and Investigations: Investigating on the mismatch between ledgers and statement entries or on any Missing ledgers or statement entries. To enable timely resolutions of aged breaks across markets and to reduce the risk involved by capturing the various recurring issues. Managing the settlement reconciliation team and organizing ‘Issue tracker’ meeting with London counterpart to discuss and resolve the recurring issues. Selected Accomplishments: Migrated the Equity Pre-Settlement process for European markets. Prepared the SOP's (Standard Operating Procedures) for the Equity Pre-settlements and post settlements process. Cross trained with the ‘Stamp Duty and Reserve Tax’ process and cleared aged breaks of high denomination and received an appreciation from London counterpart on the same. Identified as the subject matter expert to track the performance of the new application for trade settlement for successful usage for the team. Received appreciation from London counterpart for handling and resolving the recurring reconciliation issue. Lehman Brothers, Mumbai (May 2006-March 2007) Analyst 2, Fixed Income Settlement (Middle Office Support) Responsibilities: Pre-Settlement & Post-Settlement (Fixed Income): The primary responsibility is to optimize the settlement efficiency by pre-matching all trades for value date and pre value date trades. To ensure effective chasing of counterparties/traders/middle office for timely resolution of queries and discrepancies on the unmatched trades or failed. To ensure that TAT (Turn around Time) in resolving trade queries are kept at minimum level to ensure client satisfaction and thus avoid any penalty due to late settlement. Amending the trades with 100% of accuracy wherever required to avoid any fines /charges due to late settlements on approval from trader. Identify the middle office concerned with the fail, investigate the reason for fail and send mail, informing them of the reason for fail. Preparing daily, weekly and monthly MIS and monthly KPIs and reporting the same to the operation head. Trax Management: Reporting the identified discrepancy to our Trader & Counterparty. Amending the components of the trade after getting the approval from the trader to match the Counterpart (if they are correct) or to request the counterpart to amend their trade to match us to avoid any later matching/late settlement of trade and avoid any fines levied by ICMA herewith. Escalation of Late Trade Booking to the Trader & their Head of Business. Payable of TRAX Invoice charged by ICMA for Late & Non Booking of Trades. Selected Accomplishments: Was part of the migration team for Fixed Income Pre-settlements. Migrated additional sub-processes over the telephone. Prepared workflow and SOP's (Standard Operating Procedures) for the Fixed Income Pre-settlements (Cash trades). Received an appreciation award for managing the team in times of pressure. Process improvement by inputting Macros, which minimized the efforts and time involved. (A job of 45 minutes was brought down to 10 minutes) HCL Capital Market Services, (formerly DSL Software Ltd), (June 2004-May 2006) Senior Process Executive, Debt Securities Operations Responsibilities: Brokerage (Fixed Income and Fee Billing Activity): Downloading the fee details for the month and calculating the fees. Reconciliation of the statements. Liaise with counterparty/trader to resolve any trade/payment discrepancies. Liaise with counterparty for payment receivables or payables and making payment to clients. Check for the breaks appearing in Smart stream for Bond Borrow and Lending process and clearing the same. Preparing daily and monthly MIS reports and reporting the same to the Top Management. Custody and Transaction fee processing: (Reconciliation) Reconciling the bank nostros against the internal ledgers in Smart stream. Identifying Bank Nostros in SSR that arise due to Auto-debits or payments to agent towards the custody and transaction fees. Investigating the reason for the break by liaising with agents, collect necessary details and process the internal ledgers to clear the breaks. Liaise with Agents/Middle Office for resolving any issues and escalating the same to the concerned desk in London/Frankfurt. Preparing daily and monthly MIS reports for all the breaks and entry processed. Selected Accomplishments: Identified as a fast learner and was sent on an onsite visit to London for a period of 6 months for migration of the Global Equities Fee Billing process. Worked as a Back-Fill for Fee Billing (Global Equities) and cleared the outstanding of 4 months and got Appreciation from Global Equities Manager (DB London) for the same. Prepared workflows & DBOPS (Detailed Business Operating procedures) for Fee Billing, Bond Borrow & Lending Fees/Custody &Transaction Fees. Assigned to manage the young graduate’s team of 4 for the brokerage activity. EDUCATIONAL QUALIFICATION Completed M.B.A in Finance from Karnataka University with 68% result, Dharwad (June 2002 to April 2004). B.Com examination passed with Distinction, 78% from Bangurnagar Degree College, Dandeli, (Karnataka University) Dharwad in July 2002. EXTRA CURRICULAR ACTVITIES: Completed Junior and Senior Level Typing, with first class. Awarded first prize, three times in Creative Activity (Rangoli) in Karnataka University Youth Feast. Represented and secured first place, twice in District Level College Shuttle Tournament conducted in Karwar. PERSONAL DETAILS Father’s Name: Srinivasa. T Date of Birth: 11th April 1981 Marital Status: Married Hobbies: Playing Badminton, Table Tennis & Chess, Listening to Music, cooking. Languages Known: English, Hindi &Kannada. Date:Thanks & Regards, Place: BangaloreSmitha Srinivasa