Analyst – Clearing & Settlement at Northern Trust (2024-06 – 2026-08)
- Performed trade matching over CTM across internal, prime broker and counterparty books for a wide range of instruments including Corporate, Convertible and Government Bonds, Warrants, Options and ADRs, ensuring accurate and timely affirmation ahead of settlement deadlines.
- Investigated and resolved trade break scenarios in CTM including Unmatched, Mismatched and Alleged trades, monitoring the end-to-end trade lifecycle and clearing exceptions before market cut-off.
- Validated and verified Standard Settlement Instructions (SSIs) with brokers and counterparties, confirming SWIFT/BIC codes, custodian account numbers and payment methods to prevent settlement failures.
- Escalated high-value or aging settlement fails to senior management and relevant stakeholders in a timely manner, tracking and following up until full resolution.
- Analyzed and resolved commission and fee-related breaks including brokerage rate differences, accrued fees, and tax entry mismatches between counterparty and internal records.
- Proactively liaised with prime brokers and counterparties to confirm trade matching and facilitate timely settlement, minimizing settlement failures and reducing overall risk exposure.
- Extracted and analyzed trade data from prime broker portals to produce DTC and CAD reports, identifying failed trades and delivering detailed failure reports to clients for timely remediation.
- Performed cash and position break reconciliation across multiple client portfolios and managed Fixed Income asset servicing for a diverse portfolio (ABS, MBS, Corporate and Government Bonds, Mortgage Pools), ensuring compliant handling of trade management and corporate actions.
- Coordinated daily and monthly cash reconciliation and trade settlement processes with clients, custodians, prime brokers and counterparties, sourcing data via Bloomberg, DTCC, EuroClear, Snowflake and ICE to ensure accuracy and timely discrepancy resolution.
- Provided process knowledge training to internal team partners and documented process flows and guides (SOPs) to support consistent, audit-ready operations.
Analyst – Income and Corporate Actions at State Street HCL Services Pvt Ltd (2022-09 – 2023-09)
- Worked on mandatory and voluntary corporate action events.
- Handled common stock and debt/bond trade processing and settlement, coordinating with custodians and counterparties to ensure timely posting of share/cost adjustments and settlement of consent payments.
- Resolved complex corporate action instructions and IMTs (queries raised by other teams or clients), performing reconciliation of cash breaks and share breaks tied to settlement activity.
- Reviewed correspondence and external resources including bankruptcy notices, consents and captain notices to determine the appropriate settlement action for each event.
Accountant Assistant at Zeal Education Society (2023-12 – 2024-02)
Sr. Accountant at Yuga Engineering (2018-01 – 2019-03)
Assistant at Bhayani & Associates (Chartered Accountants) (2017-06 – 2017-12)
