Madhuri Nalawade

Experienced Senior Associate with over 9 years of expertise in trade processing, settlement, and middle & back-office operations. Skilled in Transaction Processing, MT Form handling, and managing pre-Settlement and post-settlement activities including trade Amendments. Proficient in Liaising with brokers and custodians to resolve issues efficiently and ensure smooth operations.

A dedicated and detail-oriented professional who thrives in fast-paced environments and is committed to delivering accurate, high-quality results while efficiently handling challenges.

Associate Process Manager (Reconciliation) at eClerx (2025-05 – 2026-08)

• Managing end-to-end reconciliation processes, identifying and resolving discrepancies while ensuring adherence to regulatory and internal compliance standards.
• Perform Broker vs. Client reconciliation, ensuring accuracy and timely resolution of breaks.
• Act as Custodian for multiple client accounts, maintaining ownership and accountability for reconciliation activities.
• Collaborating with Middle and Front Office teams, maintaining daily communication with a client representative who serves as the intermediary for clients and brokers.
• Investigating and resolving reconciliation breaks on a daily basis across segment, product, and instruments to ensure timely settlement.
• Execute client account setup and maintenance activities in line with operational requirements.
• Conduct periodic and hourly checks for multiple clients to monitor and minimize reconciliation breaks.
• Ensure smooth trade lifecycle support by proactively identifying risks and preventing settlement failures.

Senior Associate (Reconciliation & Settlement) at Barclays (2021-09 – 2024-03)

• Executed Pre-settlement activities by confirming cash flows with counterparties, affirming cash flows in systems, and processing cash flows.
• Managed tasks involving updating, correcting, and uploading SSIs setup as per counterparty instructions.
• Expertise in post-settlement activities, including Fails Management, Breaks resolution, and reconciling breaks.
• Knowledgeable in SWIFT messages used in Cash Settlements like MT103, MT202, MT210.
• Familiar with electronic confirmation platforms like MarkitWire, DTCC, Alert.
• Daily interaction with agents/counterparties/clients to solve queries related to the process via telephonic or through emails.
• Independently handle multiple Clients.
• Preparation of reports using MS Excel.
• Product knowledge of Fixed Income, CDS, IRS, Equity Swaps, Nostro Reconciliation.
• Experienced in preparing weekly MO reports and managing discrepancies in cash flow.
• Investigate with Nostro team for breaks where ledgers/statements are unmatched.
• Reconciliation of securities out of balances includes processing of adjusting entries.
• Ability to identify problems as they arise. Issues escalation and resolution on a timely manner. Identifying settlement issues and discrepancies with external counterparties, sales and the trading desk to resolve fails and unapplied cash items.
• Daily comparison of open trade breaks and ensuring items are tracked and actioned.
• Mailbox Management / Queue Management.
• Monitoring trade booking and allocation through various systems.
• Acting as a process owner and being accountable for all outstanding items.

Senior Associate (Trade Processing, Settlement, Middle & Back Office) at State Street Syntel Pvt. Ltd. (2015-12 – 2021-08)

• Transaction Processing (Trade, Cash and FX) for Client based in UK and APAC region.
• Pre-Settlement trades (Fixed income, Equity and Derivatives) for Worldwide Settlement.
• Processing of MT Forms Like MT 103, MT 202, MT 200 etc. Also the processing of trades, Cancellation, Amendment and Pre-Settlement of trades for worldwide client.
• Received escalation E-mails and try to resolve it by communicating with clients on emails or office communicator in case of any discrepancies. Fulfil the managerial task for the team on behalf of managerial persons in his absence.
• The responsibilities are to ensure that matched trade instructions are input to the Custodian system, accurately and in a timely manner to ensure value date and settlement. Transaction includes trades for long term as well as short term securities transactions, fund transfers, asset transfers, cash movement, third party FX trades, location transfers etc. This is the most critical process as we have to manage client's accounts by making payments and receipts all those trades, he has done in the global market.
• Posting all domestic and international trade instructions to Accounting and Custody.
• Initiating log for any incorrect trade details via GIMS. Authorizing the trades which are processed by processors.
• Working on various applications which are provided by the clients. Run various kinds of excel Macros on daily basis.
• Research on failing trades in the market and rectifying them for timely settlement.
• Understanding specifications for different markets like EUROCLEAR, CREST, DTC, FED, etc. and ensuring trade is flown as per the required specifications. Keeping intelligent track of all the market deadlines to ensure the trade settles on time and on settlement date.
• Working on manual entries and electronic entries based on the urgency of market deadlines.

M.M.S in Finance – Mumbai University Thane (ARMIET affiliated under Mumbai University) (2013-08 – 2015-07)

B.M.S in Finance – Mumbai University Thane (Satish Pradhan Dnyanasadhana College affiliated under Mumbai University) (2009-07 – 2012-07)

H.S.C in Commerce – Maharashtra Board Thane (New Girls Highschool, Thane affiliated under Maharashtra Board) (2007-07 – 2009-06)