Sumit Manot

Experience

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  Kotak Securities

  Apr 2011 - Aug 2011

  Associate - Client Acquisition

  Profile:Interacting with HNI clients in the region, introducing the company business expertise to them, to build a fruitful business relationship. Analyzing the market including competitors and clients.Coordinating with and reporting to immediate heads to carry out campaigns.Generated repeated leads through successful client follow up.

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  Northern Trust

  Jan 2012 - Jun 2013

  Fund Analyst

  Involved in the migration of Reconciliation activity from home to offshore location.Handled large volume of transactions and delivered complete reconciliation to NAV team in home location.Reconciliation Experience:Capital and Income Cash Reconciliation including position reconciliation (Futures, Options and Swaps),Resolving the breaks relating to Dividends and Interests.Familiar with different broker statements required during the reconciliation.Check for accurate data for reconciliation through Bloomberg and FTS,Review and record the changes to be made to resolve the break as per Custody.. NAV CALCULATION:* Performing Units Reconciliation, Cash Reconciliation, Stock Reconciliation, Income Reconciliation, and Fx Reconciliation as a part of pre-pricing activity of the valuation of Fund.* Involved in Expense Analysis of the fund such as Custody fee, Trustee Fee, Reg. Fee etc.* Involved in Trade booking of the fund.* Submitting and Clearing the EMS (Exception Management System) exception of the fund.* Involved in valuations of Funds i.e, NAV for UK based clients.* Scrutinizing pricing exceptions of securities from Bloomberg and FTID.* Providing resolution to Trustee and Audit queries.Applications Used:Invest one Enterprise, TLM, WRQ Reflection, PRS, Bloomberg, FTS, Desktop Deployment Solution, Lotus Notes, MSOffice 2010,Spectra OLE, Citrix VM. Show less

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  Citi

  Jul 2013 - Sept 2014

  Senior Analyst

  *Involved in the migration of Client for the Middle office services - Investment Books of Record (IBOR) Funds from the 3rd party Administrator to directly into offshore location.* Involved in the Testing such as SIT, JSIT, UAT and GUAT. * As a Portfolio Accountant performed activities like Manual booking of Trade (Equities, Bond, FX etc), Pricing of securities and FX, Valuation of Fund during SIT and JSIT testing.*From the Investor Reporting and Information Delivery perspective involved in the preparation of Catalogue and Data Dictionary from the sample report provided by the client. Also involved in the Investment Data Feeds (Daily data extract file) testing from the UAT side which include the analysis and validation of the extract file coming out form the Reporting Platform (Fund Services Reporting) with the Accounting Platform (Multifonds) and to raise if any defect identified in the extract file into HP Quality Center.*Involved in the analysis of sample report provided by the client and based on the analysis provided the EUC (End User Computing) requirement i.e. Macro to be build for the generation of report and BRD (Business Required Document) to the Technology team for automation.*Involved in the UAT Testing of Reports i.e. Schedules (Pages) and Packages generated form the reporting platform (Fund Services Reporting) and then validating the data in the report with the source system and to raise defect if any identified into HP Quality Center. Show less

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  Bank of America Merrill Lynch

  Sept 2014 - Oct 2022

  • Performing Daily P&L validation for the desk i.e. STIRT, Spot/Forward and Short-dated Exotics (SDE).• Performing Front to Back Reconciliation between trading system and Subledger as a part of the P&L validation process.• Ensure transactions flow to the Subledger accurately and in a timely manner• Provide daily and weekly reporting on P&L activities to internal clients i.e. Line of Business (LOB) and Trading desk• Involved in the Month end activity of Risk position reporting and monitoring at the desk level i.e. performing reconciliation between Sub-ledger, General Ledger and the Risk position reporting tool.• Work closely with teams in Front/Middle/Back office to evaluate risks and resolve downstream failure of transactions.• Involved in the Mid-Month activity of Balance sheet Substantiation at the desk level, i.e. performing reconciliation between e-ledger to general ledger and general ledger to sub-ledger at the desk level.• Performing various reconciliations such as sub-ledger to general ledger, book database to source system, FO P&L with MO P&L reporting tool, performed daily and weekly as control check point.• Involved in the preparation of MIS reporting for the LOB, for a weekly global call.• Performing daily Wash Book reporting of the Intermediate books to avoid any P&L being reported on the wash book• Performing daily queries of Sales desk relating to the Production Credit (PC)/ Client Value (CV) received globally with a TAT of 24 hrs. Show less

  • Manager (Business Finance and Control)

    Apr 2021 - Oct 2022

  • Assistant Manager (Product Control)

    Mar 2019 - Mar 2021

  • Team Leader (Product Control)

    Jan 2017 - Feb 2019

  • Team Developer (Product Control)

    Sept 2014 - Dec 2016
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  HSBC

  Oct 2022 - now

  • Markets and Securities Services @ HSBC

    Oct 2022 - now

  • Markets and Securities Services

    Oct 2022 - now