Sham Singh

Experience

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  Fidelity Investments

  Jun 2006 - Apr 2007

  Process Associate

  Job Profile: Worked as process associate for the process FITSCO additions (Fidelity Institutional Tax Exempt Service Company) for a period of 10 months.FITSCo – Overview: A Monetary record keeping institution offering Defined contributions (Provident Fund) for US Employees under various Plans coming under IRC (for E.g.: 401k qualified retirement plans etc)Involvement: Involved in receiving and updating of records of US employees and investing the money in the stock market (NYSE) for the Mutual funds opted by the client. This involved understanding and following a laid down procedure to comply with. Apart from processing the above, interact actively with the team members (both in India and US) in solving the queries. Show less

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  Bank of America

  Apr 2007 - now

  - As a unit, Owning and administering bank’s Account Reconciliation Policy, the standard, and the EZREC Reconciliation Reporting system- Coordinating with reconciliation approvers to maintain proper ownership assignment for all G/L and Bank Accounts.- Review Reconciliation records to ensure proper accounting and procedures are followed- Advising, monitoring, and/or assisting in issue resolution- Monitoring and evaluation risk in conjunction with Corporate Audit- Preparing and issuing monthly reconciliation reporting (GFC Monthly Dashboard Reporting) to Senior Finance Management- Administering the Certification of Accountability process- Providing hands on training for new Team members for various applications used by bank, such as SAP, Oracle, GBS, etc.- Partner with key business partners and stake holders, to understand and address potential reporting issues/gaps.- Conduct Dashboard level review, attribute review, compliance reviews and issue attribute memo and compliance memos.- Ensuring that all functions, flows and processes are documented and kept up to date.- Preparation of the process MIS information for senior management reporting. Show less - Reconciliation of over 537 Nostro A/C’s spread across the Asian Branches.- Investigation of all outstanding items on, Nostro Accounts, which includes: requesting additional information from remitting bank and liaison with internal business areas both verbally and via e-mail. - Detailed monitoring and reporting of un-advised funds / non-receipts involving liaison with other internal business areas and agent banks to ensure quick resolution.- Daily currency wise balance reporting to the FX, Liquidity Group of Bank of America - Investigation, authorization of all incoming and outgoing SWIFTS and Email queries.- Investigation & Booking of Interest and Bank charges accrued on Nostro Accounts by the correspondent bank/branches- Preparing General Ledger Reconciliation Register and coordinating with Finance & Accounting in case of any discrepancies in bank’s P &L and GL accounts.- Clarify Audit Queries during internal and external audits (External & Corporate audits)- Liaising with LOB's finance department for quarterly Cross-country reviews for APAC countries- Ensuring that all functions, flows and processes are documented and kept up to date.- Training New Hires & BCP site associates in the process- Preparation of the process MIS information for senior management reporting.- As a Process Owner responsible to find out the root cause for both internal & external errors by tracking and performing a root cause Analysis and providing refresher training to the team for reducing the errors and to increase the accuracy level.- Created a Split Site for Nostro Reconciliation process at Gurgaon as part of Business Continuity Plan. Show less

  • Senior Manager - Governance Team Lead

    Sept 2011 - now

  • Team Developer

    Jul 2009 - Sept 2011

  • Team Member - Claims Analyst

    Apr 2007 - Jul 2009
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  Bank of America Merrill Lynch

  Sept 2014 - Nov 2014

  Officer - Senior Operations Analyst

  - Reconciliation of Internal and External FFO accounts spread across APAC Offices (Excluding DSPML India offices)- Timely identification and escalation of all breaks to Clearing, Settlement and CSR teams for rectification- Preparing General Ledger Reconciliation and coordinating with Finance & Accounting in case of any discrepancies in firm’s P &L and GL accounts.- Monthly Balance Sheet sign-off on bank’s financial control system- Quarterly Account Usage assertion- Assist Team Lead and Director on Internal and External Audit reviews (Statutory & Corporate audits)- Prepare and Submit client money segregation reports for regulatory reporting- Assist peers on process related Balance sheet and Account mapping queries- Re-papering and transition of reconciliations from manual to auto recon tools, like GRS and Autorec- Worked on a project with Global FFO Finance team on improvement of GMI Balance Sheet logic pertaining to Accumulator accounts- Streamlined Asia FFO Exchange fee reconciliation process Show less