Abhijeet Akkalwar
Pune
Summary
Accomplished Vice President with extensive experience in strategic planning and financial management, recognized for driving operational improvements that enhance productivity and profitability. Proven ability to cultivate strong relationships with stakeholders, partners, and clients while consistently delivering impactful business results. Renowned for innovative problem-solving skills and exceptional communication abilities.
Overview
19
19
years of professional experience
1
1
Certification
Work History
Vice President
Bank New York Mellon
Pune
08.2021 - Current
- Responsible for migrating APAC FX back-office functions from Singapore to Pune
- (i.e
- Confirmations & settlements, Static, Investigation)
- Managing the team of 13 members, ensuring the daily & monthly deliverables & SLA are meeting with the high accuracy for all 3 processes
- Worked with project, onshore and legal team to create new SLD documents for Pune
- Working with the team to check with client for feasibility on getting onto electronic platform for confirmations rather than paper confirmations
- Process Owner for FX Ops from Pune location and hence ownership and accountability for reporting any errors/ issues/ incidents on the Escalation Tool or logging ORE’s and conducting Lessons Learnt as applicable for the entire team
- Regular attestation on Team’s system access, mandatory trainings and leaves, CAMS, RCSA, process SOP’s
- Playing a key role in the Business Projects, automation (Alteryx), system enhancement
- Representing as APAC India FX lead, working with the Front office to interact with the clients to provide solutions
- Being part of the sales pitch for the product offering from the operations perspectives
- Partnered with the internal risk team (OCM) to run the audit for betterment of the process, point of contact for the external auditors
- Playing the key role in the global initiatives for the FX business
- Monthly adherence to listening to the team recordings for external calls made
- In flight new migration for custody Settlement from Singapore to Pune location
- Annual appraisal, allocating the pool of funds available within the team basis on their performance review, conducting skip level meetings, Team meetings and regular feedback
- Lead for overall Risk pillar complete Market Operations
Associate
UBS Investment Bank
Pune
04.2019 - 08.2021
- Managing team of 10 members, ensuring daily and monthly deliverables and SLA are met with the high accuracy for Equity Delta One & SBL trading Desk
- Established efficient workflow processes, monitored daily productivity and implemented modifications to improve overall effectiveness of personnel and activities
Team Manager
Bank of America
Hyderabad
03.2018 - 04.2019
- Leading team of 14 members ensuring the daily deliverables and SLA are met
- Involved in the process migration from onshore to offshore for the Scandinavian/ Domestic market settlement process
- (Involved in Process mapping and efforts analysis for the migration)
- Responsible for the monthly and annual performance review for the team
- Successfully done the agent migration
- Handling trade pre-matching process for Swap & PB client
- Inventory management for PB and cash equity trading
- Administering delivery & depot management by using exception queues, executing trade matching of transactions & investigating/escalating issues identified
- Supervising Buy-In's & interest claims; executed daily/weekly/monthly risk review with senior management
Team Manager
Deutsche Bank
Pune
09.2011 - 03.2018
- Leading a team of 11 members.
- Dealing in swaps (equity/index), equity, cross-currency swap, FX swap.
- Maintaining a robust control environment and constantly improving the existing processes to reduce risk incidents.
- Performed the Quality Control role for the entire process and built thresholds from the control review point of view.
- Ensuring that the P&L generated due to trade booking is in line with the expected P&L by the desk and book runners, along with the FOBO and FOFO break resolution.
- Work closely with the management on projects like capacity modeling and cost management.
- Process consolidation and knowledge management, with the primary goal of knowledge enhancement and capacity utilization optimization.
- Validating structures or security creations of ETFs, futures, options, baskets, bonds, FX, PRS/TRS, OTC products, etc.
- Managing escalation and implementing strategic solutions have resulted in streamlined business delivery and meeting business expectations.
Associate
GLOBEOP FINANCIAL SERVICES.
Mumbai
02.2011 - 08.2011
- Reconciling trades done by hedge Fund manager with prime Broker Statement
- Matching on Cash, Position, Trade on T+1 Basis
- Solving breaks and helping at arriving True and Accurate NAV on Daily/ Monthly basis
- Reconciling holding (i.e., Equity, Fixed Income Product, Bonds) position with Custodian bank statement and client books of records
Lead Coach
WNS Global Services
Pune
04.2006 - 01.2011
- Working as an Analyst / Team Coach in Financial Process as per United States Laws in Corporate
- Attend the calls from Senior Management Side (at levels of Assistant Team Manager - ATM) with client
- Knowledge of Accounts Receivable / Payable
- Reconciliation of client account
- Interact with onshore client for the process related issues and tackle the same at micro levels
- Provide Process Training sessions to new joiners as well as the other agents to enhance their knowledge
- Provide reports to the management as per client requirement
Education
MBA - Finance
AISSMS
Pune, MH04.2008
B.COM - Commerce
VBMV
Amravati03.2006
Skills
- Issue Resolution
- Team Leadership
- Project Management Skills
- Operational Oversight
- Operational Efficiency Enhancement
- Risk management
- Skilled in Building Client Rapport
Certification
- FMEA (Failure modes & Effect Analysis)
- Advanced Excel
- Certified Scrum Master
Timeline
Vice President
Bank New York Mellon
08.2021 - Current
Associate
UBS Investment Bank
04.2019 - 08.2021
Team Manager
Bank of America
03.2018 - 04.2019
Team Manager
Deutsche Bank
09.2011 - 03.2018
Associate
GLOBEOP FINANCIAL SERVICES.
02.2011 - 08.2011
Lead Coach
WNS Global Services
04.2006 - 01.2011
MBA - Finance
AISSMS
B.COM - Commerce
VBMV
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