Kavitha Shetty Email & Phone Number

Bengaluru, Karnataka, India

Bangalore

July 2020 till date: ❒ Lead the team of Risk managers (4 VPs) for Bangalore/Hyderabad and support the division Globally❒ Manage the day-today risk for Global Market Operations, Bangalore/Hyderabad❒ Daily / weekly /monthly engagement with Business units and partner with Business leads / trading desk to understand the residual risk and enhance the control framework❒ Partner with Compliance / Regulators to ensure all the due diligence is met as per the standards and firm policies❒ Conduct Risk trainings to all new joiners along with Back to basic refresher training for tenure professionals across Bangalore and Hyderabad.❒ Risk and control self-assessment (RCSA) – work in line with managers / Divisional leads and Desk heads to ensure RCSA risk and control templates reflect the current and correct risk environment and also self identified issues have proper remediation.❒ Perform Audit / quality check of various process across operations to access the risk and to bring stability❒ Partner with Internal and external Auditors to ensure Process evaluation is as per Firm Guidelines and work closely with the Business on the Maps and Findings. Head of Futures Dept, Bangalore (Commission, Fees and Documentation) Sept 2017 till Jun 2020 ❒ Lead the team of 25 employees in GS and 70+ vendors across India❒ Responsible for accurate calculation of Fees and commissions ensuring the monthly accruals are accounted accurately.❒ F2B partnership with Business, Legal and Middle office and Controllers to ensure client statement and firms P&L is accurately maintained. ❒ Participate and represent Goldman Sachs is various Industry wide Forum drive by FIA to build the right workflow toom for Documentation and Brokerage settlements❒ Build a strong infrastructure to govern Vendor model and get 100% accuracy on the outsourced processes❒ Actively involved in the Budget calculations and Cost analysis for the Team and Build strategy to excel.

Bengaluru, Karnataka, India

Mumbai Area, India

Managing the Brokerage related Payments/ Receipts and Queries across different Brokers and different internal teams.Ensuring all Give In execution brokerage invoices related to the specialist’s brokers, are processed in a timely fashion, and full details of the invoices the payments relate to is sent to the broker with all payments.Generating invoices on monthly basis and sending the invoices to the respective brokers as per the relationship.Maintaining the contracts traded on the Global Futures & Option Exchanges, Accounts payables & receivables and the ledger.Liaising with documentation teams, Static Data team, Client Services and Nomura Traders to validate the brokers billing rate.Preparing rate issue Reports, MIS Reports, KPIs and other management Reports.Attaining to intra companies transfers of funds and attending Nostro breaks.Matching the GL with the bills sent by the broker and making payments with most accuracy.Ensuring the trades carries the correct rates and the correct entries have been posted with the respective books.Actively participating with IT Development department in implementations of new technology requirements.Ensuring internal trackers are updated with all the bills received by different organization who are the executing brokers. Representing the bank at broker level in external meetings to chase outstanding receivables brokerage.Matching the GL balances with the BPRS balance and check for the accuracy of the trades flown to both the system.Researching on any queries/requests sent by the Business Partners/Execution Brokers/Client Support Teams and replying to the same with minimum response time.Establishing & maintaining excellent relationships with the Business Partners/Execution Brokers/Clients as well as the people in the Client support groups.

 Ensuring all Give In execution brokerage invoices related to the specialist’s brokers, are processed in a timely fashion, and full details of the invoices the payments relate to is sent to the broker with all payments. Liaising with the documentation teams, GAP and Client Services teams to validate the rate at which the broker is billing. Preparing rate issue Reports, MIS Reports, KPIs and other management Reports. Attaining to intra companies transfers of funds. Handling the queries related to the Brokers payments and the outstanding bills. Interacting with Brokers and the other internal teams to get the trades rates valid. Attending Nostro breaks arising out of day to day activities. Matching the GL with the Bills sent by the broker and making the payment with most accurate care. Passing the entries (Credit/Debit) at the time of executing the trades and the Payments of the same.  Interacting with IT Development department in implementations of new system/technology requirements. Ensuring internal trackers are updated with all the bills received by different organization who are the Executing brokers.  Representing the bank at broker level in external meetings to chase outstanding receivables brokerage. Establishing and maintaining excellent relationships with the Business partners / Execution Brokers/Clients as well as the people in the Client support groups. Coordinating between the Payables and Receivables part of Brokerage and make sure that the payment tallies with the receivable amount (Swap of funds between the organizations). Ensuring all the payments are released in GPS and e-GAINS system and rejection are placed accurately. Substantiating the payments/Accruals in BPRS with GL as per the financial control team. Handling the team of 8 FTE’s and imparting training to team members on changes in process workflow

 Reconciling payments with the current GL and the Bank on the monthly basis. Investigating on the Refund, Reject and manual payment made by the vender for the payment made by the organization.  Passing entry to charge bank charges and to collect the interest Earned on the transaction taken place during the month. Uploading reconciliation done for the month on ARTT tool for Business Manager to see the present situation on the accounts.

Bachelor Of Commerce (Bcom), Distinction

P.U.C

S.S.L.C