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