Abbhaysing Baayas

Experience

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  JPMorganChase

  Oct 2009 - Nov 2010

  Analyst Investment Banking

  Audit Confirmations: Confirmations of all outstanding transactions of the various OTC products like Credit default swaps (CDS), Interest rate swaps. Foreign Exchange, Repurchase Agreements, commodities to the Middle Office and clients of various regions like E.M.E.A., N.A., & ASIA. Trade Management: Scrutinizing the trade details with the counterparty trade confirmation and if break occurs resolving it by coordinating with counterparties such as JPM traders, Middle-offices and Valuations team. Quality Investigation: Quality investigation of confirmation that includes outstanding transactions of the various OTC open positions & Bank accounts. Checking Third party Authorization of clients to ensure confidentiality of client. Reconciliation: Cash and position reconciliation on portfolios to know the cash balance and number of positions held in portfolio. Show less

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  Tata Consultancy Services

  Mar 2011 - Mar 2013

  SME-Fixed Income Operation

  Validating various types of fixed income products like GNMA’s MBS, CMO, and Bonds from the system with the correct settlement instructions. Distribute coupon payments, to the bondholders for various fixed income products like Collateralized Mortgage obligation (CMO), GNMA’S as of pay date with the accurate amount in accordance with third party data such as Bloomberg, DTCC & Federal Reserve (FED).  Informing the custodian about the settlements on value date to be in place in the market and make the same to settle on same day Cash and position reconciliation on portfolios to know the cash balance and number of positions held in portfolio to ensure the smooth flow of transactions by interaction with custodians, clients & traders Process all the events like principal and interest activity, conversions, Bankruptcy and Global credit events. Show less

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  Kothari Solutions

  Apr 2013 - Sept 2018

  Assistant Manager- Capital Market Operations

  • Responsible for managing the team & supervise day to day deliverables of the process/sub-process assigned.• Managing reconciliations in the Portfolio Operations team. Responsible for reconciliations of cash and positions vs. custody records for various investment types on behalf of PMS client. • Monitoring failed trades and liaising with ABO (Agent Bank Operation) for settlement issues.• Updating static data like coupon rates, factors for securities in time in various systems to calculate accruals and day counts correctly for smooth settlement.• Process different kind of client request in the system and activation of the PMS clients.• Process closure/partial withdrawals for PMS clients and making final/partial payments to clients in form of cash or stock.• Coordinating with various internal (Treasury, Finance, Auditors, Risk, Legal, Compliance) and external counterparties (Banks, Brokers, Dealers, clearing parties, stakeholders) for seamless settlements. Show less

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  TRUST

  Oct 2018 - May 2021

  Manager- Debt Market Operations

  Trust capital is India’s leading Bond House (consistently among the Top 3 as per Prime League Table & winner of the IFR Asia’s India Bond House of the year 2014)• Managing & Leading debt market operations for Bonds, Commercial paper (CP), Govt Securities (SLR-G-Secs) and State Loans.•Planning and Allocation of daily work in the Team & ensuring that it is completing within agreed Timelines• Ensure a seamless operation’s delivery platform for the businesses, through timely and zero-defect transaction processing in the Unit. Show less

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  JPMorganChase

  Jun 2021 - now

  Associate

  • Responsible for leading, managing, appraisal and overseeing the development of a team of TM’s and STM’s for operational success.• Responsible for delivering all operational services to the customer in line with the SLA and maintaining the productivity and the quality levels of the team.• Responsible for processing, approving & investigating all outgoing wire transfers (USD and International Foreign currency) i.e. MT103, MT202, MT199, MT210 etc.