Shubham Sarraf

Market Income Claims

Associate 2 at State Street Bank (2024-12 – 2026-03)

Market Income Claims

• Working in International Claims Team for Dealing with Various Clients and Counterparties on 140 plus locations EMEA and APAC Market.
• Nostro Payment checking and verifying with broker payment swift and posting.
• Developing and implementing a timeline to achieve targets. Conducting training of team members to maximize their potential.
• Taking call with Client, discussing about income payable/ income receivable claims.
• Daily Income Payment reviewing, analyzing and Posting in Suspense account (TT05).
• Working on MT202 and MT103 Swift Activity MT599, SPO (Special Payment Offer), OMP (Online Money Posting) all payment activities know.
• Taking Broker call with Goldmans Sachs, JP Morgan, Barclays.
• Interact With Various Counterparties, Clients in a Weekly Call for Discussion About the Queries, Doubts and respond their Query via E-mails and Calls.
• Handle Escalations of High Volume and try to minimize the problem with effective decision.
• Tools Use in Work IMT (Interaction Management Tool) Microsoft Outlook, MCH (Multi Currency Horizon), CDS (Canadian Depository Services), Kingfield Platform.
• Raising Market Income Claims in Kingfield platform in Custody team.

Senior Analyst at State Street Bank (2021-03 – 2024-03)

Reconciliations.

• Doing trade, cash and position reconciliation by checking the Instruction on KSAF.
• Following the statements on email received from clients. Also identifying the breaks and doing the research and putting the comments to resolve the exceptions for verifying the processed transaction.
• Doing Broker import from the statements. Preparing daily tracker and sending timely EOD signoffs.
• Experience in cash and position reconciliation. Finding cash breaks. Checking cash difference and currency. Finding Forex, Interest, commission, margin.
• Checking KSAF for any cash discrepancy. Matching transaction with statements.
• Processing the trades from OTC hub to RKS and booking the trade and confirm all completed also find error if trades are getting error or pending in GTM blotters find root cause and doing Fixed.
• Doing cash and Trade reconciliation on MCH to Broker recon by checking the Instruction on KSAF following the statements on email received from clients. Also, doing Broker import from the statements.
• Preparing daily tracker and sending timely EOD signoffs

Analyst at Eclerx Services (2019-06 – 2020-09)

IBCM Support team.

• IBCM Support: Investment Banking and Capital market is the process in which booking of trade amount.
• Transfer of revenue from GM department to IBCM department and reconciliation of Cash amount with IBCM department.
• Checking position reconciliation if, mismatch GM department.
• Preparing on daily, weekly and month end reports.

MBA in Finance – Dr D.Y Patil College (2019)

Bachelor of Commerce in Account Hons. – B.R. Ambedkar University (2017)

HSC (12th) – S.P.V Inter College (Bihar School Examination Board) (2013)

SSC (10th) – Sunshine Prep High School (CBSE Board) (2010)