Rekha Chaudhary
Team Lead
Mumbai
Summary
Talented Team Leader experienced and dedicated to enhancing employee satisfaction and business success. Diplomatic and friendly with proven commitment to employee training. Hardworking team player bringing necessary experience and knowledge to tackle any operational demand.
Overview
14
14
years of professional experience
Work History
Team lead
JP Morgan & Chase
02.2022 - Current
- Performing reconciliation of upstream source data with regulator data part of (CFTC /CAD regulation)
- Implement and manage regulatory reporting process, including ongoing remediation efforts
- Understanding regulatory requirements working with internal teams such as Tech partner/ Middle office to resolve the outstanding breaks
- Ensure all issues are investigated and raised with appropriate team in a timely manner as per Business standards
- Update monthly MIS and audit logs for Senior Management
- Participate in various testing related to system enhancement, project implementation and new business initiatives
- Identify control gaps and suggest improvement ideas for better efficiency and effectives
- Performing weekly and monthly Exits through internal system / DTCC
- Clearing Exceptions on Rejected trades (Trades which got rejected due to several exceptions like missing UTI/ USI/ Notional amount / UPI etc)
- Back reporting under reported trades which failed due to several exceptions.
Assistant Manager
SS&C Globeop
10.2015 - 02.2022
- Financial services – OTC Derivatives, Working on daily Reconciliation and produce NAV to the client on weekly and monthly basis
- Worked on MAP accounts (3 way reconciliation) of hedge fund for crucial / premium clients
- Performing 3 way reconciliation i.e
- Valuation received from Trading Advisors, Counterparts and GlobeOp valuations
- Dealing with Investment advisors (UK, US, EMEA) region, Sales desk, Front / Middle office and Counterparties for daily valuations and valid trades not reflected in Counterparties valuation statement
- Have Worked on all the OTC and Exotic products i.e
- CDS, IRS, Swaptions, Equity Swaps, Equity Options, Forward Rate Agreement, Bond OTC options, Total Return Swaps
- Worked on DTCC and Markit Wire links for trade validation and confirmation
- Interacting with Trading Advisor for trade file sent for booking and termination of trades and make sure that the trade booked / terminated is correct and precise as per trade file sent by Trading Advisor
- Investigations of breaks or any discrepancies in the data provided by Counterparts and Trading advisor and resolve the break / discrepancy by querying responsible party for the position break
- Interacting with internal department i.e
- Trade capture, documentation, settlements, valuations for timely resolution of the breaks
- Performing EMIR (European Market Infrastructure Regulation) on weekly basis for the client and sending portfolio to respective counterparts on weekly basis
- Working on very short time deadlines in order to produce weekly NAV to the client on T+1 basis
- Ensuring that any Corporate Action such as credit event if occurred is reflected correctly in our records
- Chase and re-chase confirmations for OTC Derivatives trades with client and counterparties via email/Phone
- Reconcile trade economics between GENEVA (a trade capture system) and Counterparty confirmation for identifying economic breaks
- Make confirmations of OTC trades available to clients for signature/ electronic validation with zero economic breaks
- Coordinate internally with to resolve breaks and if necessary, then only reach client or counterparties
- Handle multiple clients independently
- Ensure daily BAU related to European Market Infrastructure Regulation (EMIR) reporting to DTCC for client is completed within stipulated timeline
- Trades that are Not Acknowledged (NACK) due to errors are investigated, resolved, and re-reported on timely basis and escalate if anything required
- Profit and Loss / NAV Delivery:
- Ensuring delivery of Daily, month end PNL & NAV in accurately and timely manner
- Establish as a key contact for accounting group for a client and address / escalate any accounting issues faced by the clients
- Prepare NAV Pack for valuation team
- Ensure completion of audit as per agreed timeline
- Handling audit queries in timely manner
- Collateral Management
- Ensure all calls are issued before the notification time and calls are answered in a timely manner on Acadia/ Email
- Ensure collateral balances and MTM are verified before raising calls to ensure accuracy
- Ensure wires are created and instructed accurate
- UAT testing:
- Testing on reconciliation applications for enhancements and smooth working of system by creating different scenarios
- Working on creation of standard templates to load the counterparty and prime broker data into the system via ETL
- Achievements
- Letter of appreciation from Managers for the hard work done for client
- For training the New joiners on the process
- Star of the Month Appreciation from the company for actively involving in all the ongoing projects with the daily reconciliation
Aditya Birla Sun life Insurance LTD
05.2014 - 07.2014
- Equity Research in Steel Sector
- Academic Qualification:
- Qualification
- Institute name
- University/Board
- Year
- Percentage
Shriram Transport Finance limited
10.2011 - 10.2012
- Business : Commercial Vehicle Finance
Junior Executive
01.2011 - 01.2012
- Pre audit of expenses voucher
- Verification of Pre-audit of expenses payment vouchers of various department like Group Cell, IT Dept Admin Dept, Credit Admin, Chennai, Chamber R O, All India H.O., Shriram Equipment, Shriram Auto mall
- Whether the payment voucher is approved by Head of the dept or by higher authority
- To check whether the payment voucher is supported with proper documents and amount charged as per the policy
- Updating vouchers in MIS and same updating the vouchers in UNO package
- Checking of entries accounted by accounts department
- To check whether the UNO entries are accounted in correct Exp GL Code
- To check vendor name, coordination with accounts department.
Education
Post Graduate - Management, Banking and Finance
Pillai’s Institute of
management studies
and research
AICTE - undefined
Council
B. Com (Bachelor of - undefined
Technical
undefined
Ramniranjan jhunjhunwala college
Mumbai University
Skills
Operations management
Performance monitoring
Process improvement
Coaching and mentoring
Timeline
Team lead
JP Morgan & Chase
02.2022 - Current
Assistant Manager
SS&C Globeop
10.2015 - 02.2022
Aditya Birla Sun life Insurance LTD
05.2014 - 07.2014
Shriram Transport Finance limited
10.2011 - 10.2012
Junior Executive
01.2011 - 01.2012
AICTE - undefined
Council
B. Com (Bachelor of - undefined
Technical
undefined
Ramniranjan jhunjhunwala college
Mumbai University
Post Graduate - Management, Banking and Finance
Pillai’s Institute of
management studies
and research
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