Bhinderpal Kaur

Experience

• 

  Air India (Accounts and Finance Department)

  May 2008 - Jul 2008

  Intership

  Accountabilities-> Responsible for reconciliation of amount received by sale of tickets with the credit cards summary. -> Reviewing the performance of company over past 5 years. -> Analysing & finding the most profitable source of revenue.-> Checking the agent’s commission.-> Analysing the profitability, liquidity & solvency position of the co. over past five years.-> Looking after the refund orders. Clearing arrears GOI sales.-> Identifying the reasons for the change in the profitability & operational efficiency of the firm as a whole.Highlights-> Revenue accounting system.-> Financial analysis.-> Air India’s place in the Indian aviation industry.-> Conducted SWOT Analysis Show less

• 

  Bank of America

  Jun 2009 - Dec 2009

  Team Member

  Commercial Spreading (Middle Market)->The Process looks after the Middle market clients of Bank of America across the globe. It relates to analyzing Financial Statements of Corporate clients that apply to Bank of America for Corporate Loans, having a credit exposure of $5million and above. The India team supports the US counterparts by assessing the Financial Position of the clients that is based upon calculations involving Financial Ratios (Covenants) and usage of software such As Moody’s Financial Analyst using the quarterly/semi annually/annually financial statements, which helps in decision making for the existing clients as well as prospects. Accountabilities->Presenting financial statement of clients (Balance Sheet, Profit & Loss, and Cash Flow Statement) in a customised format for bank, by classifying them under various heads as Assets & Liabilities according to their nature in a tool – MFA (Moody’s Financial Analyst). The ratio analysis is also done to ascertain the client’s performance in a way defined by the lender (Bank).->Spreading financial statements provided by the client into the bank’s customised application (MFA). ->Generating the spreads repository forms the basis of risk rating scorecard for a given period which further rolls up into credit decisions & related actions in case of any downgrade in performance.->Conducting Ratio Analysis to keep a track on the client’s debt & liquidity performance from time to time in a way defined by Bank. Any alarming situation is brought to the notice of the end user which helps in credit decisions.->Responsible for spreading & ratio analysis forms as an input for the U.S. counterpart to further analyse & complete the documentation & approval part & sign off the deal. Show less

• 

  Bank of America

  Feb 2011 - Jun 2016

  FX Trade Support (APAC region- Middle Office Operation)->Perform all functions of FX Trade Control to ensure trades are booked /processed correctly and Trading portfolios are correct and to manage trade life cycle and trade eventsAccountabilities ->Confirm trade details of deals booked in the trading system against details provided by Traders or Sales->Daily liaison with internal/external departments-Front and back office Personnel, risk, settlements, compliance, confirmations and investigations-resolving queries ->Coordinate discrepancies with Traders/sales and initiate amendments to trades as needed and ensuring correct risk and p/l changes associated with these.->Monitoring trading systems- Monitor FO applications for incoming/outgoing trades Review, investigate, and resolve interfaces for rejected items, possible delays/stoppages. Clear rejected queue Notify Tech-support of problems identified->Reconcile trades and position breaks->Identify, troubleshoot and respond to emergency situations impacting traders->Intelligently reviewing trading activity with the objective of highlighting anything unusual and reporting this to management->Performing and strengthening control functions to ensure regulatory requirements are met.->Identify process and control improvements and maintain control checks->Responding to ad hoc requests for information->Booking continuous linked settlement trades (CLS trades) ->Static Maintenance on Front Office Application(Set up new user,Holiday file for various currencies,Creating set up for various reports to be used by FO –sales/Traders , Middle office and Back Office,Trader Book Opening, Book merging, Book closures ,correct upstream and downstream setup's/Mapping to ensure correct risk captured by Front Office)->Involvements with market initiatives and process analysis->Participate in the analysis, design, and testing of new regulatory processes and platforms, i.e. Dodd Frank->Participate in UAT CLS test trades Show less ->GDFX –Rates Issuing (Global Derivatives & Foreign Exchange) .It includes – Drafting Of Confirmations for different Derivatives Products for Bank on Electronic(DTCC) and Paper platform, Updating the Internal Applications/System of The Bank relating to the Economic Details of the Trade, Reviewing The Trade, Checking Or Matching the Bank Confirmation against The Counterparty Confirmation, Communicating With The Marketers/Traders Regarding different Queries faced while Drafting a Confirmation,-> Understanding the OTC Derivative Market & its different products, for example: - Swaps, Swaption, Cross Currency Swap, Mark to Market, Cap & Floor, FRA, Basis Swap, Bond Option/Mortgage Option etc.-> our main task is to DRAFT/ ISSUE the confirmations for OTC Derivative Trades to Different counterparties across the World on paper and electronic platform(DTCC)-> Checking the Economic & statutory details of the trade, for Example the Cash flows of the trade, the principal Amount of the Trade, Various types of fee associated with a Trade(upfront fee, premium, Assignment Fee)-> Following ISDA Guidelines (International swaps & Derivatives Association) , wherever required, for drafting a confirmation of a Derivative product-> Good understanding and exposure of Derivative Trade Life Cycle including Front, Middle and Back office operations.-> Indentify improvement area for STP confirmation and liaise with Technical team to code that.-> Building and sustaining, strong working relationships with internal Lines of Business within Operations, Middle Office, Front Office and internal Counterparts.-> Training new associates in the process in stipulated time span-> Communicating With The Marketers And Traders Regarding different Queries faced while Drafting a Confirmation Show less

  • Team Leader

    Aug 2014 - Jun 2016

  • Team Developer -FX Trade Support ( APAC region- Middle Office Operations)

    Jan 2013 - Jun 2016

  • Team Developer (IC Role) Derivatives -Investment Banking (OTC Derivatives documentation group)

    Aug 2012 - Dec 2012

  • Senior Team Member -Derivatives -Investment Banking (OTC Derivatives documentation group)Edit

    Feb 2011 - Jul 2012
• 

  Bank of America

  Jul 2018 - now

   Performing trade, position, and cash reconciliations, analyzing large breaks with VaR impact assessment. Reconciling Global Markets portfolios on a daily basis for large P/L swings and MV breaks in Finance and Risk systems. Researching daily valuation breaks for all OTC products. Identify reasons for reconciling differences, including root cause analysis of process defects. Draft and submit large break report with VaR impact assessment and determine if Risk Re-statement is required Complete attestation reports for all covered positions. Work with technology to enhance automated reconciliation runs to address known issues. Analysing daily risk sensitivities and Greeks change. Ascertain their affect on VaR, Stressed VaR & MOL  Impact analysis of changes observed in risk metrics on their approved Limit.  Deciding on relevance of DoD risk changes observed, based on risk consumption for LOBs.  Understanding error for trades across books & escalating to Tech Support team for getting them rectified so as to reduce manual intervention. Show less

  • Senior Manager- Transaction Reporting Control Group ( Non -Financial Regulatory Reporting)

    Apr 2022 - now

  • Manager- Market Risk Operations

    Aug 2020 - Apr 2022

  • Assistant Manager -Market Risk Operations

    Jul 2018 - Aug 2020