Sachin Bagate
Pune
Summary
Accomplished Senior Financial Analyst with a proven track record at State Street HCL Services, adept in leveraging analytical skills and financial knowledge to enhance settlement accuracy and efficiency. Excelled in risk management, ensuring over 90% resolution of daily fails trades. Skilled in Microsoft Excel and effective communication, consistently improving processes and client satisfaction.
Overview
2
2
years of professional experience
1
1
Certification
Work History
Level 2 Associate
State Street Corporation India Pvt. Ltd
07.2024 - Current
- Ensuring the details of the trade (e.g., security, quantity, price, counterparties) are correctly matched between the buyer and seller. Confirming the terms of the trade with the counterparty before proceeding to settlement.
- Ensuring accurate settlement instructions, such as account details, are sent to DTC. Working with custodians or brokers to align on the movement of securities and cash.
- Ensuring there are sufficient funds in the firm's account to meet settlement obligations. Balancing accounts to confirm cash movements match expected settlements.
- Coordinating the simultaneous exchange of securities and payment to mitigate counterparty risk. Monitoring that securities are delivered to the buyer or received from the seller within the settlement window.
- Identifying and resolving failed trades by investigating discrepancies and liaising with counterparties. Ensuring adherence to regulatory requirements and deadlines for settlements, including reporting to oversight bodies
- Addressing mismatches or disputes in trade or settlement details. Adjusting for events like dividends, stock splits, or bond interest payments during settlement.
- Using DTC platforms (e.g., DTC Settlement, NSCC Clearing) to send, monitor, and manage settlement activity. Keeping internal stakeholders informed about the settlement status and any issues.
- Verifying that securities and cash movements reflect accurately in internal records. Ensuring all settlement activities are documented and accessible for audit purposes.
- ·Ensured timely completion of settlements by monitoring deadlines set by clients or regulatory bodies. Informed investment decisions by analyzing financial information to forecast business, industry or economic conditions.
Senior Financial Analyst
State Street HCL Services Private Limited
09.2022 - 06.2024
- Reviewed and verified customer account information to ensure accuracy of settlement transactions.
- Manage the daily settlement activities of Collateral trades (free receives/deliveries) such as US-T bills, USD cash wires.
- Managing settlement activity for all markets such as DTC
- Assisted customers with inquiries related to their settlement transactions.
- Maintained accurate records of all settlement activities in accordance with company polic
- Providing 90+% Resolution for Daily Fails trades.
- Timely and effective communication with onshore team on a regular basis.
- Coordinating with Broker and Custodians to settle the trades. Providing updates to client regarding the Aged and Large Fails.
- Analyzed existing processes and procedures to identify areas of improvement in the settlement process.
- Ensured timely completion of settlements by monitoring deadlines set by clients or regulatory bodies.
- Informed investment decisions by analyzing financial information to forecast business, industry or economic conditions.
Education
MBA - Finance
NBN Sinhgad School of Management Science
Pune, India11-2022
Master of Commerce - Banking And Finance
Dr. Sudhakarrao Jadhavar Art, Commerce College
Pune, India11-2020
Bachelor in Commerce - Commerce
Shankarrao Chavan Mahavidhyalya
Ardhapur, India06-2018
Skills
Microsoft Excel
Financial Planning
Analytical skills
Technical skill
Communication skills
Risk management and awareness
Financial knowledge operations
Time management and multitasking
Decision-Making
MS Office
Attention to details
Problem solving
Accomplishments
"The Pinnacle" For AMJ 2023
showcase top-performing partners who have excelled in helping customers become best-run businesses.
"Best Performer" For OND 2023
This type of award is given to a person who has gone above and beyond their job description in some way.
Certification
- Power BI [The Tools Wakad] 2024 November
Languages
English
Advanced (C1)
Hindi
Bilingual or Proficient (C2)
Marathi
Bilingual or Proficient (C2)
Timeline
Level 2 Associate
State Street Corporation India Pvt. Ltd
07.2024 - Current
Senior Financial Analyst
State Street HCL Services Private Limited
09.2022 - 06.2024
- Power BI [The Tools Wakad] 2024 November
MBA - Finance
NBN Sinhgad School of Management Science
Master of Commerce - Banking And Finance
Dr. Sudhakarrao Jadhavar Art, Commerce College
Bachelor in Commerce - Commerce
Shankarrao Chavan Mahavidhyalya
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