Rashmi Pati

Experience

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  Deutsche Bank

  Jun 2013 - Jan 2018

  Process Supervisor

  Managing the FX investigation team. Post settlement investigations of Foreign exchange trades that do not settle on value date, by pulling out trade details and liaising with clients and settlements team to understand the discrepancy.Reporting all high value unsettled trade to higher management. CINQ Investigation, being a web based application used to direct Swift messages to their respective departments.Initiating receivable and payable claims on late settlement of funds, in either ways objective being to mitigate the expense to the company. Show less

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  Bank of America

  Jan 2018 - Nov 2019

  Team devloper

  Working in FX corporate settelement which a new migrated process from chester to india which is been completed in 3 month. Recognised as a gold awardee in 3 month of joining. Ensure that all the FX trades are settled well before respective currency cut off time without any issues.Confirming FX net positions with client over mail, phone or other online platforms and settled to requested settlements instructions.Investigate and resolve instruction conflicts by contacting client.Ensure that all the static data has been updated correctly, such as SSI’s, confirmation generation, contact details, If anydiscrepancies, rectifying them by contacting static team and client. Coordinating with FX post settlement team in order to resolve failed payments, recall of funds, amendment for wrong payments & non receipts of funds. Handling the escalations and make sure that they have been resolvedin timely manner. Maintaining daily volume & MIS report.Monitoring online platforms such as MISYS,GTSS & FXALL in order to ensure all the trades are matched with client’s confirmations andresolving if any discrepancies found,Interacting directly with MO, Sales team & clients in order toresolve all kind of trades/Confirmation related discrepancies on timely manner, prioritizing the issue’s according to different currency’s cut off. Key resourse in the team. Show less

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  J.P. Morgan

  Nov 2019 - Oct 2022

  Team Lead

  Responsible for handling NAV delivery for Mutual and Pension fund’s portfolio includes various type of product such as Equities, fixed income, Derivatives , Money market instruments and foreign exchange trades based at US, EMEA and Dallas.Handling day to day trade capture, validation and reconciliation of securities positions, total population of trades.Research and source the information from various market service providers such as DTC, CUSIP Web, and Reuters. Prepare static data setup in accounting system WINS.Coordinating with various parallel supporting teams to make sure that NAVs are delivered on time to Exchanges with 100% accuracy.Timely handling the client inquiries and provides relevant response to satisfy the client needs and requirements.Maintaining and producing the MIS with multiple states that requires by management to forecast the contingency situations and to take proactive approach on daily BAU delivery without exposed to client.Helped other processes to provide expert knowledge on the way to reduce the breaks.To investigate the failure of the swift message stuck in VET (Internal Application) and try to fix the source of the error with co ordinating with IT.Managing three people team with all efficiency for smooth delivery of the SLA.Carrying out day to day operational activities for FX/MM.Verify the process payment wire transfer in/out(MT 103 and 202 Cov). Cash/Checks transaction.Signature verification on clients wire transfer by mail/fax.Verify and process Forex and Money market interbank trades.Matching confirmation via swift Mt300/MT320/Mt305/MT306.Checking daily reconciliation.Covering duty for team member.Verify and process payments efficiently.Composed a daily cash management file for documenting and balancing the daily activity entries.Make sure all the nostro and Vostro are funded to execute the trade.Checking with trader for any last minute adjustment for funding and execution. Show less

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  Wells Fargo

  Oct 2022 - now

  AVP

  Managing the team jointly along with the Manager and reporting to the VPs and Management.Matching the trades received on different trading platforms viz. TRADEWEB, BLOOMBERG and Finra.Amending the trades on Catalyst and picking up allocations from thereon.Acknowledging the trades received and allocating them to the relevant Portfolios/Funds.Tracking the position to ensure the bonds are available for timely settlementAnalysing the volume trend and presenting the same to the management.Contact Trader and client with regards to trade acknowledgement and allocations.Making the clients available with Trade Recaps to acknowledge the trade details and Trade Confirmations for authentication purpose.Ensure the relevant SSIs viz. DTC, Euroclear and Fedwire are added on the Funds/Portfolios as per ALERTEnsure correct settlement instructions for the trades as per clients request or the Bonds type.Follow up with various support teams viz. Trade Support, Product Control, Settlements, Salespersons/Traders and client during the Trade Life Cycle process.Regulatory reporting - Monitoring FINRA TRACE to ensure timely reporting and matching of the trades.Managing the volcker application and managing thr proper floe of P/L.Preparing SOPs and drafting RCSA policies for the processPreparing EOD Reports highlighting the confirmed and unconfirmed trades, trades settling on the next day, failed trades and Weekly Volume Matrix. Show less