Nirav Unadkat

Managing a highly motivated team whose primary job is the production of daily and monthly reconciliation of cash, position & Ote reports.
Actively seeking out opportunities to improve the teams control framework and ensuring controls are carried out in as efficient a manner as possible.
Value addition to oneself by means of working in a highly challenging environment.
Provide evaluative judgment based on analysis of factual information in complicated and unique situations.
Review changes related to process, documentation, etc. and approve by following the proper change management process.
Participate in weekly / monthly risk meetings with key internal stakeholders, providing updates on outstanding issues.

Assist in the new clients' on boarding processes.
Business Continuous Improvement is a core part of the job.
A very strong knowledge of financial instruments.
An analytical mind and a willingness to embrace technology to identify new solutions to inefficient processes.
Client focused with an emphasis on delivering timely and accurate responses to clients.

 
Joined as Assistant Manager (Sept 2015) - Promoted to Manager in Jan 2019.

 

Global Prime Finance: - EXPERIENCE - Currently working with SL Exposure Team, responsible for handling exposure for clients, making sure the collateral is in line with the client and there is no risk at the end of the day. Managing Exposure includes managing different kinds of collateral with the client Cash, Equities, Bonds across all markets. Booking collateral trades (Non-Cash) and making sure all borrows are collateralized and settled on time so that forward trades don't fail, liaising with settlements and client queries/pre-matching team to ensure smooth settlement of collateral deliveries and receipts. Booking Cash payments (receipts and pays) to the client. Performing market to market on client's book via Pirum, Equilend and also doing manual marking of price sent by the lenders. Making sure all the contract compare breaks are worked upon and cleared which impacts the collateral movement/exposure. Adhering to all the market cut-offs and making sure there are no pending risk to the account, if in case there any risk to the bank reporting the same to the trading desk. Incase if there is an overnight exposure on a client reporting it to the trading desk as well as the credit team. Making sure the books are in line with the client books and also apply appropriate haircuts to the collaterals wherever applicable. Ensuring all the team members sign off their accounts on time and helping them with any queries they might have with regards to their accounts. Reporting cash pool balances for all the clients to the management and highlighting any difference in the balances. Reporting any cash breaks, stock breaks, contract compare breaks ageing more than 3 days to the management.