Saurabh Sinha

32,2nd floor , CSP flats, Email: saurabh.manutd@gmail.comEast of kailash, New delhi Nationality: Indian110065 Languages:English,Hindi,New Delhi, India Tel: 9654402927(M)

Profile Summary & Overview

To work with an organization and the most challenging environment that utilizes my existing expertise ,skills and my ideas in the most efficient way that would lead the organization towards the pinnacles of success and also provides me opportunities to learn new technologies. Seeking a challenging role that of a Derivative Senior Analyst in a renowned organization. Seeking for a rewarding and challenging position within the fields of

Investment Banking industry. Presently working in Royal Bank of Scotland as Senior Analyst in team for Settlements in various currencies via Over the counter Exchange through Back office. Looking after &

Responsible for on time settlement for all the exotic currencies & EMEA work regions.

Work Experience

Jun 2014 – Till date Royal Bank of Scotland,

Senior Analyst Process: Derivatives Rates Settlements

● Ensure timely settlements for all Trades and Reconcile trade discrepancies.● Querying FO/MO, and Counterparty for resolving mismatch/discrepancy.

● Investigating on trades with T+2 age and escalating them.● Confirming gross deal and netting figures with Counter Parties (Email/Phone) and settling them

within cut-off time.● Liaising with Reference data team for account setups as per procedures

● Check the various financial applications to match all OTC trades. If match incorrectly, raise those incorrect matches and get it done accurate to match it in tools to generate further processing to relevant

department.● Track trade information which are relevant to the specific Receivables/Payables for all unprocessed

trades from various counterparties including middle office for any trade discrepancy, if occurs.● Trade processing and trade settlement related information; I have interacted with clients, counterparties,

traders and middle office (MO) on regular basis.● Manage and reduce risk associated with settlement failure.

● Playing a significant role in managing risk with coordination of Middle office and the front office for funding related activities.

● Worked on financial tool like TLM, SWAPSWIRE,SCRUITTRA, GLACIER, SWIFT ALLIANCE, applications for various types of SWIFT Messages and processed manual payments through

Investigation team.● Updated all new learning’s in learning documents as well as educate new joiners.

● Monitored score board of whole process to ensure all trades settled before currency cut.● Updating and maintaining process manuals (SOPs)

● The group supports the settlements of interest rate swaps across globe.

● The job includes confirming upcoming settlements, transferring funds on value date and working with Middle Office, Sales and Clients to resolve any discrepancies for pre & post settlement. Communication with sales force, trading desk, prime brokerage and operations colleague’s worldwide regarding client

settlements and issues.

● Settlement and Reconciliation management and reduction in settlement time to avoid aged breaks. Exceptions gathering and process improvement within proprietary systems in-house.

● Confirmations delivery in a timely manner from clients, to achieve and surpass federal targetsHigh level reporting to senior management on legal issues surrounding confirmation documents.

SPECIFIC KEY SKILLS AND KNOWLEDGE

• Financial services: Rates Derivatives product knowledge, Bloomberg RBS In-house proprietary applications; OTC Online and TLM reconciliation system, Swapswire

• Communication: Effective verbal and written communication across diverse audience.Languages: English, Hindi

• Office Productivity Tools: Windows Office 10 suite, Windows 10, TLM, SWAPWSWIRE

Core Activities (DAILY BAU):-

Updating client money report (This is mandatory as per government regulation)

Responsible for OTC cash confirmation, settlements, reconciliation and real time fund movement tasks across the globe.

Verifying the cash flows on basis of various significant parameters and investigating the discrepancies, if any.

Ensuring that the process related issues are handled with minimum TAT, without hampering the client relationships and trade related activities.

Collaborating with Operational management and trading desks to diminish risk through escalation and strong communication.

Performing calculations on the daily basis to resolve the discrepancy on the trades, and quickly providing the solutions to the counterparts performing thorough investigation on the previous similar issues & incorrect confirmations issues

and dates issues.

Keeping eye on the emails from the middle office & quickly flagging the issue to entire team to alert of any erroneous payments and duplicate payments. Non-STP’ng the trades which are critical and can cause any losses to the firm.

Performed daily reconciliations between Counterparts and trade booking/accounting systems, clearing breaks prior to controllers preparing Daily PNR(Daily Trades) reports for traders.

Resolved T+2 trade queries within, coming from other MO’s, BO, Documentation or P&L or IT teams.

Started attending Migration calls, understanding between the movement of portfolios & migration of trades from one engine to new engine & understanding the rates affected due to the movement from one system to other system. Worked

on breaks caused due to the migration

· Reviewed and amended trade bookings, preventing future settlement and risk management issues.

· Performed root cause analysis to improve controls in the transaction cycle, implementing new controls to eliminate persistent problems.

· Provided daily MIS to management reporting on the number of trades within our portfolios that have issues as per internal reconciliations & reports, and explanation as to the reasons why.

• Developing and improving existing processes and reporting.

• Working on financial platforms like Swap Swire.

• Liaising with cash team/agent bank if amount is not paid/received

• Adapt in managing, reviewing and undertaking appropriate measures to improve service quality to the organization.

• Being a member in team ensure all the escalation reports to senior management are sent on time.

• Attends calls from clients & MO on different issues, related to process & reporting.

• Training new team members as per process requirements.

• Updating CP SSI’s in system if there is a change.

• Recognized by senior management for process improvement ideas.

• Part of a best team award winning team.

• Performing call back verification process to update the SSI’s in system

• Product Coverage –

• OTC derivatives products, including interest rate swaps, cross currency swaps, Zero coupon swap, Basic swap, Swaption

• The job includes pre confirming settlements and working with Middle Office, Sales and Clients to resolve any discrepancies for pre settlement

• Responsible pre settlement, reconciliation and real time fund movement tasks across UK and Europe.

• Developing and improving existing processes and reporting.

• Following up with onshore teams for the smooth flow of process activities and also taking accountability of the team as a whole.

• Attends calls from clients & MO on different issues, related to process & reporting.

• Training new team members as per process requirements.

• Many times recognized and awarded in the Monthly shout-outs.

• Ensure that all the derivative transactions are carried out as per the terms laid down by the regulatory body and the policies of the organization

• Responsible to use different tools and computer software used to analyze derivatives

• Involved in derivatives research, and training the team members to use different computer software and applications

• Maintain proper record of the returns, investments and related terms

• Responsible to keep the organization updated about the changing trends in derivatives market

• Forecasting future returns of the investment made by the organization by applying different tools of derivatives analyst

• Reporting to Senior Managers regarding any update or changes in the research process or procedure.

• Attended all trainings throughout the year

Non-Core Activities:-

❑ Preparing reports and documents like Business Reviews, End of Day updates, Weekly Reports, updates to the SOP, maintaining trackers, Exception logs etc.

❑ Handling client calls and communicating between clients and management/team members. Attending client calls to discuss various challenges faced by the team in order to find their solutions.

❑ Resolving queries of the team members and training new joiners. Performing allocations and reviewing them thereby helping the new joiners complete their On Job Trainings.

❑ Publishing the internal/External quality reports and other reports as required by the management.❑ Providing feedback to the team members and ensuring that their errors are reduced.❑ Managing the day-to-day activities. Acting as a back-up in manager’s absence and leading the team.❑ Coming to office on non-working days to perform various testing for the system updates & process related

application changes & updates.

Achievements:

● Received Spot award for completing work in time, getting cross trained and also training for new employees.

● Received appreciation mails from Clients, Process Managers for Performance, Quality & Accuracy.● Suggested 2 process Improvement Ideas(Implemented in the process)

● Was appreciated personally for good job by Director(Client)● Special recognition and appreciation form the clients / on site managers on several occasions.● I have been rewarded Spot awards within 1 Year of the service.● Promoted twice in 2 year, Joined as Analyst in the firm.

Education and Qualifications:

Education Year of Passing

University/ Board

Major Subjects Percentage

PGDM-Finance 2013 MIT-School Of Business

Finance First Class

Bachelor’s Degree

2011 Devi Ahillya University, Indore

(PIMR, Indore)

BBA Higher Second Class

HSC 2008 CBSEMayoor School

Ajmer

Commerce First Class

PERSONAL SNIPPET

Date of Birth:  06 July 1990Permanent Address : 681, Pragati nagar, Opp. Keshav Udhyan, kotra, Ajmer - 305008

     Languages known   English and HindiGender Male  Marital Status   Unmarried .Nationality   Indian.  Hobbies : Gadgets, Travelling, Comics, Books, Adventure Sports, Reading, meeting new people  

Blood Group   O+ve.  Father's Name Mr. Pradeep Sinha