Ashok Mandade

Background

About Ashok Mandade

An insightful and performance-driven professional with 10 years experience in Investment Bank, Capital Market multiple function and supervisory experience working Middle office operations specializing trade processing. Experienced in initiating and implementing new tools for improving the product and process quality and work environment. My key competencies include trade confirmations and settlements, position and cash reconciliation, Interest claims, CSDR penalties, equity derivatives swaps and options, intercompany and reconciliation Intellimatch. Trade processing middle office Team Lead- Key roles and responsibilities • Trade confirmations DTCC, Bilateral- Broker chasing for confirmations of Equities, Bonds matching trades on CTM & manual, update SSI. • Resolve discrepancies- exceptions and trade mismatches liaising with counterparts, front office desks for confirmation and settlements. • Debit/credit interest rates- occurred debit-negative charges, OD charges cost to the client portfolio account, checking rates with custodian. • Managed position/cash reconciliation of missing and incorrect breaks based on bank statement and ledger trade transactions. • Interest claims & CSDR penalty Possible incoming/outgoing claims, penalties within deadlines review with Custody, CP and Internals for liability. • validate the liability and payment- reviewing on possibilities for liable claims receive and pay amounts with payment processing and approvals. weekly summary reports for claims and publish the KRIs. EOD reporting for confirmed/unconfirmed trades KPIs. • multiple Process activity in Equity Swaps/Options confirmations and Settlement solving concern issues by gathering information. • Monitor transaction & identify cash exception reaching out to client/Broker, matching trade on DTCC and bilaterally, • Communicates onshore, CP’s, middle office, clients, internal groups to resolve & match trade discrepancies for timely confirmation/settlement. • Adhering to currency cut-offs intense deadline meeting practices, makes appropriate records of wire net settlement and daily reports. • Liaise with disburse teams & banks payments/receipt of the funds, debit authority to bank via MT199/299 swift message to fund kick back & recall. Preparation of daily reports, escalating the key risk items with financial evidence, performs SSI updating, Adding client Contact, Reports-Good knowledge of swift messaging and categories corresponding product types, securities market MT-5, Cash settlements MT-1 (101 to 103, 192,199) and MT-2 (200 to 203, 292,299)