Akash Mcqueen

Detail-oriented Capital Markets professional with 7 years of experience in asset servicing and corporate actions processing, including expertise with Euroclear, DTCC, TCS Bancs, SWIFT messaging. Proven ability to reconcile complex exceptions, process payments, and mentor new joiners. Adept at risk management and driving process optimization.

Eager to leverage strong analytical and problem-solving skills to enhance Capital Markets Services at Accenture, ensuring accuracy and compliance in end-to-end corporate actions processing.

Associate - Deutsche Bank

(2022-08)

• Generated reports such as event diary, alarm bell, exception, ACON, and end-of-day evidence reports.
• Validated corporate action events post-processing to ensure accuracy and completeness.
• Reviewing MT564, MT568 and MT566
• Sending MT599 instructions to external counterparty and Performing call backs for SSI setup
• Processed and reviewed MT202 messages to claim payments for counterparties.
• Negotiated deadline agreements with counterparties for corporate action events pertinent to stock borrow loan positions or failing trades and issued related liabilities.
• Issued booking instructions to the trading desk for trade amendments in alignment with corporate action proceeds.
• Processed and released elections via Euroclear or FMS by transmitting MT565 messages.
• Issued timely reminders to internal desks and external counterparties regarding pending elections.
• Processed CAP module reports at the close of each month.
• Executed pre-reconciliation for corporate actions and income payments.
• Approved and processed income and redemption payments.
• Reconciled outstanding exceptions and breaks, resolving them with promptness.
• Addressed internal and external queries efficiently and in a timely manner.
• Reconciling stock and cash balances daily.
• Approved end-of-day checklists to confirm process completion and adherence to control compliance.
• Mentored new joiners and assisted with system access setup for required platforms.
• Acquired cross-functional skills in other processes and provided team support as needed.
• Participated in User Acceptance Testing (UAT) for application updates and supported the migration of new applications into the operational process.
• Leveraged a comprehensive suite of applications, including Euroclear, DTCC, TLM, FMS, TCS BaNCS, Event Repository, Astrid, CMC, Message Broker, Golden Source PNB, Global One, Crest, eSpear, Hotscan, Computron, ACS, and DB Trader.

Global Service Executive - HSBC Private Banking

(2021-08 - 2022-08)

• Performed pre-reconciliation of upcoming bond and equity income payments against internal records.
• Downloaded transaction and account reports from custodians, including DTCC, Euroclear, CEDEL, and BNY Mellon.
• Reconciled outstanding exceptions and breaks, implementing corrective actions to resolve discrepancies.
• Posted client funds upon cash allocation by the custody department.
• Disseminated notifications to relationship managers regarding mandatory and voluntary corporate action
• Processed client elections post-confirmation and managed entitlement processing subsequent to receipt from custody.
• Conducted daily reconciliations to identify and promptly resolve stock or cash breaks
• Utilized applications such as ADP, Broadridge, DTCC, Euroclear, CEDEL, and BNY Mellon.
• Accomplished daily tasks with accuracy and within established deadlines.
• Compiled essential reports, including advance reports, preparation reports, cash allocation reports, and corporate action (CA) reports.
• Executed payments following their allocation by the custody.
• Performed next-day payment reconciliations to identify expected balances and resolve discrepancies.

Analyst - Northern Trust

(2019-10 - 2021-08)

• Executed pre-reconciliation of impending bond and equity income payments against internal records.
• Verified accurate distribution of dividend, interest, and principal payments to client accounts, adhering to payment advice received from agents via SWIFT messages.
• Investigated outstanding payments identified through daily exception reports by following up with agents.
• Monitored and assigned ERM and exception items within the TLM and ELM applications.
• Reconciled and resolved outstanding exceptions and breaks utilizing the TLM application.
• Generated comprehensive reports, including exception, pending wire, lockbox, and delinquent reports.
• Managed operations across various desks, including private placements, long title, maturities lockbox, and Colson.
• Facilitated training for new joiners on process workflows and operational procedures.
• Orchestrated seamless coordination with internal stakeholders such as IMLG, account managers, and internal operations teams, alongside external agents and issuers.
• Ensured the timely completion of daily deliverables in accordance with the Detailed Procedure Analysis Document (DPAD).
• Handled physical checks and all payment-related aspects for physical securities, dividend reinvestments, fixed income, maturities, as provided by Agent, Issuer admin, and DTC/FED.
• Recorded trades in client books with precision and punctuality.
• Processed lockbox checks, SWIFT payments, and wire payments for clients.
• Reconciled general ledger and suspense accounts.
• Operated proficiently on applications including TLM, ELM, TCS BaNCS, AIMS, IMS, EDM, Treasury Passport, and WCM.

Bachelor of Commerce - Finance - PES College, Bangalore University (2016-07 - 2019-06)