Vishal Gavli
Investment Banking
Pune
Summary
Results-driven professional with 16 years of experience in investment banking operations and client servicing, specializing in business process analysis and design to enhance operational efficiency and optimize cost management through strategic process re-engineering. Expertise in managing trade confirmations and settlements for FX hedges, fixed income, and equities, with a strong track record in client onboarding and front office reconciliation. Skilled at fostering robust client relationships and delivering innovative financial solutions that align seamlessly with business objectives.
Overview
18
18
years of professional experience
Work History
Team Leader
BNY
07.2024 - Current
- Supervised a team of nine members across EMEA and U.S. markets for fixed income and equity confirmations.
- Focused team on business objectives, tracking progress to ensure timely completion, with desired results.
- Mitigated risk factors through analysis and implementation of controls, highlighting exposure items to sales and trading desks.
- Liaised with the investment managers group to facilitate operational support, ensuring adherence to SOPs and SLAs.
- Monitored daily CTM allocation for each desk, escalating issues to salespersons, and traders as necessary.
- Identified technical glitches, coordinating manual interventions to improve STP ratios.
- Ensured compliance with corporate standards while maintaining effective communication with management and oversight teams.
- FX trade confirmations and settlements, releasing MT300 and MT304 messages for accurate matching.
- Netting – the FX netting process was carried out timely and effectively.
- Fails in the management of trades and non-receipt of payments were handled to ensure failed trades and payments were settled at an earlier date. Collation and reporting of the same to IM ensured that any OD claims or further money movement were managed.
- Implemented process improvements that streamlined operations and enhanced team output.
- Coordinated project timelines and resource allocation to ensure efficient workflow management.
- Offered training and support to empower team members, and align efforts with objectives.
- Championed the adoption of new technologies to improve team productivity and service delivery.
- Planned and led team meetings to review business results, and communicate new and ongoing priorities.
- Evaluated individual and team business performance, and identified opportunities for improvement.
Officer
CLSA Technology And Services LLP, Pune.
08.2021 - 07.2024
- Reading and analysis of the BRD related to the proposed change to understand the requirements and ownership of various teams and stakeholders that are involved.
- Creation of test packs, mentioning all the steps involved in test cases for Sprints/projects.
- Execution of test cases in UAT, and notifying the errors to IT and management.
- Initiating retrospective meetings to brainstorm ideas and clarify objectives between MO, IT, and FO (internal and external stakeholders).
- Executed functional and regression testing, and prepared daily status reports on projects and outstanding items with defined ownership.
- Arrange sign-off from related stakeholders once testing is successfully completed.
- Evaluating static requirements in production for project go-live.
- Deploy the change in production once it has been successfully tested in the UAT environment.
- Oversaw operational tasks to maintain service quality.
- Monitored trade exception queue, CTM, FIX, SWIFT, and emails to confirm executed trades, ensuring timely release of contract notes.
- Ensure all equity, fixed-income deals are confirmed with settlement instructions on the trade date. Manual trade allocation, confirmation, affirmation, and settlements of equities and fixed income for the UK, US, and APAC markets.
- Raise FX request, book FX trades once FX is executed, and coordinate with the funding team to ensure prior funding.
- Static setup/update for a new client or for a new fund: Investor ID, Transaction, Account, Stock Connect BCAN, HK IDR BCAN, Commission rates, Market charges, Trade confirmation distribution list, Allocation Matching rule, SSI's, CSA rate, Netting rule, Instrument setup, and Automated reports.
- Supported clients in trade matching on the OMGEO platform via OASYS, CTM, Swift Alliance, and FIX platforms, reducing settlement issues.
- Work on FOMO and MOBO reconciliations to ensure all executed trades are booked correctly.
- Reconciling whether internal regulatory trades are booked, and charges are applied correctly.
- Reconciling executed trades and charges, maintaining security quotes, and working with product control on P&L valuation.
- Working on the daily stale price report to check thoroughly if the securities are in line with Bloomberg.
Societe Generale Expert – Claims Managements
Societe Generale
06.2019 - 08.2021
- Manage TMPG, negative interest claims, and OD charges claims received from brokers and custodians.
- Analyze and organize data, identifying any claims in a timely manner according to standard market guidelines available.
- Investigate potential claims issues with management, and document findings.
- Ownership of and contribution to various high-priority projects, working with a hands-on approach to ensure successful completion.
- Building strong working relationships with key stakeholder groups, including but not limited to Markets, Compliance, Business, and Global Surveillance Teams.
- Maintain accurate, organized, and current audit records and documentation in a manner consistent with the department’s needs.
- Prepared and presented claims dashboards and reports, liaising with client services, the front office, regional leads, and senior leadership.
Northern Trust Operating Services - Technical Co-Ordinator – Middle Office- Investment Operations APAC/EMEA
Northern Trust Operating Services
12.2016 - 05.2019
- Executed client onboarding, synchronizing OMS and NT applications for seamless integration.
- Managed the entire trade life cycle for fixed income, equities, and FX hedges.
- Managed trade confirmations and resolved discrepancies across various financial instruments.
- Conducted fails management for unsettled trades to expedite resolution.
- Performed front and back office reconciliation via Cadis OMS and other systems.
- Collaborated with investment managers to address unmatched instructions and corporate actions.
- Ensured compliance with trading regulations to prevent illegal activities.
- Troubleshot technical issues to maintain operational continuity.
- Developed documentation for BCP, migration, and service level agreements between onshore and offshore teams.
State Street HCL Ser Pvt Ltd - Specialist - Middle Office- Investment Operations APAC/EMEA
State Street HCL Ser Pvt Ltd
07.2012 - 07.2016
- Executed trade settlements for Europe, the Middle East, Africa, and Asia Pacific countries within set deadlines based on market cut-off for both EQ and FI products.
- Ensure that trades are prioritized by high-net-worth or high-risk markets, and reduce failing sell trades to mitigate the risk of buy-in threats to the firm.
- Coordinated with counterparties, traders, and internal teams to resolve trade discrepancies efficiently.
- Executed manual input for settling trades between Euroclear and the domestic market, making amendments based on trader instructions, and counterpart agreements.
- Tracked and managed a queue of unprocessed trades from various counterparties, ensuring timely resolution of discrepancies.
- Coordinated with counterparties to confirm trades and settled discrepancies promptly, maintaining a checklist for tracking activities.
- Interacted with clients to resolve queries related to unmatched FX over GTSS for CLS and GROSS deals, FX trade settlements, and SWIFT issues.
AXA Business Services Pvt, Ltd- Analyst
AXA Business Services Pvt, Ltd
03.2012 - 07.2012
- Facilitated the transfer of business operations to SSHCL, ensuring a seamless transition and continuity.
- Analyzed data trends to support business decision-making processes.
- Developed reports using advanced analytical tools for stakeholder presentations.
- Collaborated with cross-functional teams to improve operational workflows.
State Street Syntel Ser Pvt. Ltd - Associate- US Trade settlement, Claims and Overdraft Management
State Street Syntel Ser Pvt. Ltd
05.2010 - 03.2012
- Managed settlement processes to post trades accurately and confirm with counterparties on the trade date, collaborating with custodians, clearing agents, and brokers to ensure timely settlement.
- Prepared daily overdraft reports, notifying the front office, and ensuring data accuracy for cash break reconciliation.
- Prepared Daily Overdrafts and Claims Reported to DeAM.
- Reviewed aged item exceptions, and communicated findings to the oversight team for resolution.
- Successfully completed process training during the transition in Bangalore, India, for the Allegro Trade process for Trade Settlement, Claims, and Overdraft.
HDFC Bank Ltd. (Fine Support System Pvt. Ltd) - Sales Executive
HDFC Bank Ltd. (Fine Support System Pvt. Ltd)
03.2008 - 05.2010
- Coordinated team efforts to achieve monthly business targets.
- Developed sales and productivity trackers to enhance analysis and reporting.
- Engaged with corporate organizations to optimize business activities.
Education
PGDBM - Finance, Information Technology
Symbiosis Center For Distance Learning
PuneBachelor of Commerce - Accounting And Finance
Savitribai Phule Pune University
PuneHigh School Diploma -
The Maharashtra State Board of Secondary & Higher Secondary Education, Pune
PuneSSC -
The Maharashtra State Board of Secondary & Higher Secondary Education, Pune
PuneSkills
- Project management
- Leadership & Team Management
- Stakeholder Engagement
- Client management
- Cross-functional Collaboration
- Change Management
- Risk Assessment
- Process Improvement
- Data-driven Decision Making
- Operations reporting
- Transaction Management
- Financial Oversight
- Performance Evaluation
- Employee Integration
Accomplishments
- Have been recognized and awarded as “Best Officer” for quarters 2 and 3 in the year 2022 from the Middle Office team.
- Successfully completed the project migration of the Claim Management function from Société Générale London to Bangalore.
- Successfully completed the migration for the confirmation and settlements process from Bangalore to Pune in 2017 for APAC clients at Northern Trust.
- Projects – Carried out projects to stabilize the process by improving the STP rate.
- Stranded settlement instructions cleanup at Omgeo Alert for IMs in scope.
- Have been recognized and awarded as “Best Team Member in the Specialist Category” from the Settlement team for quarter 2 in the year 2015.
- Have been awarded for sharing the best process improvement idea over the floor for quarter 2 in the year 2014.
- Have been recognized and awarded as “Best Team Member in the Sr. Analyst Category” from the Settlement team for quarter 2 in the year 2013.
- Have been recognized and awarded as “Best Trainee” for quarters 2 and 3 in the year 2012 from the Settlement team.
- Have been recognized and awarded the Syntel “SYNERGY” value award for the last quarter of the year 2011.
- Have been recognized and awarded as “Employee of Quarter” for quarters 1 in the year 2025 from the trade listed team Pune.
Personal Information
Custom
I hereby declare that the information provided above are true and correct to the best of my knowledge.
Timeline
Team Leader
BNY
07.2024 - Current
Officer
CLSA Technology And Services LLP, Pune.
08.2021 - 07.2024
Societe Generale Expert – Claims Managements
Societe Generale
06.2019 - 08.2021
Northern Trust Operating Services - Technical Co-Ordinator – Middle Office- Investment Operations APAC/EMEA
Northern Trust Operating Services
12.2016 - 05.2019
State Street HCL Ser Pvt Ltd - Specialist - Middle Office- Investment Operations APAC/EMEA
State Street HCL Ser Pvt Ltd
07.2012 - 07.2016
AXA Business Services Pvt, Ltd- Analyst
AXA Business Services Pvt, Ltd
03.2012 - 07.2012
State Street Syntel Ser Pvt. Ltd - Associate- US Trade settlement, Claims and Overdraft Management
State Street Syntel Ser Pvt. Ltd
05.2010 - 03.2012
HDFC Bank Ltd. (Fine Support System Pvt. Ltd) - Sales Executive
HDFC Bank Ltd. (Fine Support System Pvt. Ltd)
03.2008 - 05.2010
Bachelor of Commerce - Accounting And Finance
Savitribai Phule Pune University
High School Diploma -
The Maharashtra State Board of Secondary & Higher Secondary Education, Pune
SSC -
The Maharashtra State Board of Secondary & Higher Secondary Education, Pune
PGDBM - Finance, Information Technology
Symbiosis Center For Distance Learning