Ikram Shaikh

I am a professional with 3+ years of experience in the BFSI industry. I plan to use my previous knowledge and abilities to further my financial career. Seeking chances to apply a solution-focused approach to resolve complex issues and increase productivity in order to assist enterprises with their day-to-day operational business operations.

Associate 2 at State Street (2024-12 – Present)

Derivatives & Collateral Management - Portfolio Reconciliation & Collateral Interest Processing

• Reconciled deals in Tri-optima for three main agreements, including ISDA/GMRA/MSFTA
• Reconciliation Daily exposure and Collateral balance. Investigate and escalate any outstanding discrepancies
• Working on trade exposure breaks such as Unmatched, MWD, MTM, and Legal
• Liaising with various brokers on daily calls to discuss trade exposure breaks and collateral balance breaks
• Interacting with the counterparty to upload and remove trades, as well as uploading trade files into Tri-optima for clients and brokers
• Investigating and resolve discrepancy in interest accrual due to mismatch of cash collateral balances with Brokers
• Reconciling monthly interest payment on cash collateral sending spreadsheet to Brokers
• Booking of interest generated (claiming or payment of interest) on Cash collateral on 1st Business working day of every month
• Chasing counter-party to claim the pending interest
• Weekly call with the broker for clearing breaks

Senior Analyst at eClerx (2022-10 – 2024-11)

OTC Derivatives Margining - Collateral Interest Processing (Citi Bank)

• Responsible for handling interest payments, receipts, write-offs, and rolling interest into collateral balance for clients in the NAM and EMEA region
• Working on global application system like MONET for interest settlement
• Reviewing and resolving disputes related to withholding tax, disparity in collateral and interest rate
• Fixing interest rate discrepancies brought on by mismatched collateral balances, interest rate methods, interest rate index breaks, and interest rate frequency breaks
• Effective at managing high risk, high volume trades on a regular basis
• Pro-actively calling clients to inquire about interest queries and scheduling Zoom calls
• Involving sales team in case of unresponsiveness client or client delaying the settlement
• Supporting team in knowledge transfer
• Handling EMEA region counterparties along with BAU of NAM region
• Managing group mailbox queries and handling escalations
• Preparing of interest reports based on a daily interest closure

Bachelor of Commerce in Commerce – Mumbai University (IDOL) (2018)

Higher Secondary School in General – Maharashtra Board (2014-10)

Secondary School in General – Maharashtra Board (2011)