Managing Derivatives Confirmation process for One of the Leading Investment Bank.Key Responsibilities - - Manage team responsible for Drafting trade confirmation and reconciling trade booking to facilitate timely execution of trades .- Facilitating timely execution of all operational deliverables as per the agreed SLAS - Creating/auditing process flows, SOPs, checklist and flowcharts to document process activities - Preparing MIS with a view to apprise management (internal/ external) of operational performance - Manage process risks, team performance, issue resolution and timely escalations.- Identifying process enhancements, reducing the operational risk, creating operational efficiencies - Initiating meetings with client, weekly calls and monthly business review meetings - Ensuring on-boarding and training of new team members

Structured Trade Review

Working as Senior Analyst for OTC Derivatives Confirmations group, responsible for the Affirmation, Drafting, Chasing, Indexing and Execution of Confirmations arising from the OTC trading of financial derivatives, in line with International Swaps and Derivatives Association (ISDA) regulations. Executing confirmations in line with the FED Targets to minimise firm operational risk for all open trades.Products dealt are Structured and Vanilla Rates.Verbal AffirmationsVerification of the core economics of a trade between Counterparties/ clients via email / telephone to mitigate the risk for the Bank. Being responsible to timely identify/ raise any disputes/ DK/ unrecognised trades to respective front office/ middle office for appropriate query resolution. Follow-back with respective counterparties/ clients to update/ resolve identified disputes.Working within the Stiff FED mandate timeline so as to affirm all trades within T+5 business days.Drafting ConfirmationsDrafting all paper eligible trade confirmations as per ISDA Standards & Guidelines & send to counterparties/ clients. Legal trade confirmations drafted needs to be in line with front office system bookings.Responsible to timely identify/ raise any disputes as per Best Market Practices/ Client Specifics for each trade bookings to respective front office/ middle office for appropriate query resolution.

Management of all the reference and market securities data fed from any possible number of internal and external sources Like Bloomberg, Reuters and distributed to as many downstream departments and IT systems as required.Identifiers (ISIN, SEDOL, CUSIP, TICKER, Internal codifications)Coverage of corporate, government, municipal and international securities; IPOs, preferred stock, funds, Commercial Papers and Certificate of Deposits, Derivatives, U.S. listed equity options and syndicated loans

Worked in Derivatives Confirmations for Interest Rate Products and Structured Products for Morgan Stanley. Drafting all paper eligible trade confirmations as per ISDA Standards & Guidelines & send to counterparties/ clients. Legal trade confirmations drafted needs to be in line with front office system bookings.Responsible to timely identify/ raise any disputes as per Best Market Practices/ Client Specifics for each trade bookings to respective front office/ middle office for appropriate query resolution.