Aravind Reddy Reddivari
Boston,USA
Summary
Dynamic finance professional with extensive experience in regulatory reporting and derivatives operations at S&P Global. Expert in TLM and Python, demonstrating strong analytical skills and a proven track record of enhancing reporting accuracy by 30%. Skilled in leading cross-functional teams and driving strategic compliance initiatives. Excel in client advisory and regulatory analysis, leveraging deep industry knowledge and technical expertise.
Overview
19
19
years of professional experience
1
1
Certification
Work History
Regulatory reporting (CFTC, EMIR, MiFID II, SFTR)
S&P Global
Boston, USA
02.2022 - Current
- Dealing with customer enquiries and requests and managing them efficiently and in a timely manner until resolution
- Troubleshoot client inquiries and issues involving reviewing client data in different formats, i.e., excel file, JSON, XML, FpML messages and comparing against our mapping sheets, technical specifications, business requirements to resolve issues or identify system bugs
- Coordinate with application support and development teams on identifying bugs, issues and testing fixes
- Helping clients understand how the solution works and how to resolve reporting issues
- Involvement in client training and site visits
- Escalate issues in a timely manner and ensure follow and resolution
- Assist in validation or UAT for issue resolution
- Analyze EMIR, MIFID, SFTR transaction reporting regulations requirements with external and internal stakeholders, and drive delivery to project milestones
- Produce structured analysis and design documents
- Educate internal stakeholders and clients on existing and new product features
- Take part in defining the Product Strategy and Roadmap
- Gathering and analyzing market trends, regulatory requirements, competitive analysis and customer requirements and offering
- Work with QA and Development during testing to ensure implementation meets design and requirements
- Review investments and trading portfolio, to assess reportability of all instruments under [MiFIR, SFTR and EMIR regimes]
- Run Health Checks gap analysis of requirements versus current client’s practice in relation to [EMIR, MIFID, SFTR] reporting regimes
- Review client’s policies and control framework, as compared to industry standards and regulatory requirements
- Provide training and guidance on reporting requirements, data quality and reporting governance
- Provide advisory assistance with any back-reporting requirements, including drafting of any required breach notification to regulator
- Conduct public presentation of concepts and ideas comfortably to stakeholders
- Identify options for potential solutions, including assessment of technical and business suitability
- Work collaboratively and consistently with team members at all levels, peers, senior analysts and managers and complex stakeholder groups across geographical boundaries
- Work creatively, propose ideas and contribute to working groups and team meetings
Derivatives operations
AmundiPioneer
Boston, USA
01.2019 - 02.2022
- Manage derivatives trade cycle including settlements and various life cycle transactions
- Ensure accuracy of positions, securities and broker data on the trading order management system
- Perform daily reconciliation of trading positions to FCM, CCP and/or broker statements
- Confirm trade data and economics with counterparties through MarkitServ platforms DSMatch/MarkitWire/Trade Manager
- Review daily OTC trade communication to ensure that new trades and amendments are captured properly
- Manage collateral process including tracking of existing collateral held and instruction of new collateral pledged or received
- Reconcile and transact daily margin movements with various FCM’s and custodian banks
- Management of outstanding trade and reconciliation breaks
- Monitor and update exception pricing and valuations for OTC derivatives on core investment systems
- Provide OTC derivatives support to institutional clients as necessary
- Respond to valuation inquiries from clients and other areas of the firm
- Work with MarkitServ to enhance interoperability with internal trading systems
- Work with custodians and/or fund administrators to develop and support trade communication requirements
- Take a lead role in analyzing and implementing data requirements needed to support new complex derivative types
- Assist in new account on-boarding with both internal and external business partners and clients
- Work with existing and new counterparties to initiate and maintain relationships and reporting
- Update ISDA/CSA and other data on internal trading system
- Provide management reporting on collateral and exposures
- Monitor and implement changes in regulatory and/or market practice changes
- Perform reporting and risk mitigation processes to meet EMIR and Dodd-Frank requirements
- Participate in industry working groups to understand market requirements and changes
- Provide metrics around trade confirmation data for all derivatives products
- Ensure suitable procedures and controls for all processes
Collateral Onboarding - Business Implementation
State Street
Boston, USA
09.2017 - 10.2018
- Static data set up of Variation Margin compliant accounts in multiple systems for all bilaterally negotiated CSAs and those issued under the ISDA Markit protocol
- Reviewing ISDA, CSA, ACA documentation to ensure all Collateral systems reflect the latest changes in Variation Margin
- Implementing substituted compliance or partial substituted compliance for certain legal entities
- Data Analysis
- Conducted enhanced analysis into Wall Street codes across our Collateral Management System (ProtoColl) to ensure no issues with downstream processing
- Built back door MS Access queries to overcome the technical shortcomings of ProtoColl and for impromptu reporting
- Manipulated raw data dumps to pre-emptively track data issues that could lead to system crashes
- Settlements & Processing
- Working to EOD Munich, Boston, and London time zones to ensure accurate margin call processing
- Ensuring all Standard Settlement Instructions (SSIs) are accurate to prevent issues downstream by liaising with clients
- Fails reporting & logging for credit risk monitoring
- Technology
- Lead bi-weekly meetings updating the technology vendor on system enhancements, fails and errors
- Communicated with FX Operations Team on system upgrades and patches
- UAT Testing on new enhancements and error logging
Broker Reconciliation & Credit Derivatives Middle Office Operations
Deutsche Bank
Bangalore, India
09.2010 - 12.2014
- Trade Entry and confirmation from Traders on FX, Options, and Swaps
- Monitoring flow of trades, execution, clearing, settlements & supervising risk on daily basis
- Prepare P&L reports by EOD and report the risk to clients & Traders
- Working alongside team with TA’s (Trader Assistant) for OTC CDS Trading Desk
- Coordinating with group of traders in London to ensure that all CDS trades are booked correctly & feeds downstream systems and accounted for correct risk and P&L figures
- Leading & mentoring a team of 5 members with day-to-day operational activities & responsibilities effectively
- Collating daily stats to the Management Team and reallocating resources within the team to ensure that KPIs are consistently kept at high levels
- Conducting data quality check and intra-day maintenance of Credit Default Swaps into QTE/Tsar/Summit
- Entrusting responsibility and ownership of selection of trading books & maintaining books perfectly on daily basis
- Analyzing T+1 risk and P&L to ensure correctness and completeness on the prior days trading
- Overseeing all mandatory-clearing trades through ICE on a daily basis
- Ensuring daily liaison with Traders/Sales/Brokers assisting with manual bookings/amendments
- Involved in resolving front to back queries from Settlement Teams, Risk P&L Teams, DTCC Teams and Front Office (Trader/Sales) Teams efficiently & effectively
- Tracking regulatory changes such as Dodd Frank/EMIR and enhancing & testing the systems to ensure compliance with regulatory requirements
- Monitoring the Trade Flow system and check all the STP (Straight through processing) trades
- Manual trade processing as per client instruction and & trade tickets
Corporate Accounting Group & Broker Reconciliation
Infosys
Bangalore, India
06.2006 - 09.2010
- Generating of salary advises of the employees who are deputed to UK, Transferring GBP to service provider and providing the details of the same to the service provider
- Handling of queries of employees regarding salary
- Issuing ISA (Initial salary advance) to employees on request subject to the approval of from his/her manager
- Frequent follow up of activities with the HR regarding the change in policy
- Handled many of the Exchanges, which include HUB-to-HUB, Exchange and Third Party reconciliations
- Performing reconciliation between client and broker
- Reconciling trade positions on day-to-day basis
- Reporting of trade breaks if any to client & clearing team & resolving the breaks
- Handling client queries, on trade breaks, cash, commissions, fees & other issues
- Proactively reconciling critical issues pertaining to trades and reporting client on the financial impact without delay
- Looking in all queries received through mail from Client services, Middle Office, Front Office, RU Investigation teams etc., on a day-to-day basis regarding any issues pertaining to trades, cash, commission, and fees
- Liaising with internal clearing team, Prop team, FOBO reconciliation, FAO cash services team to issues pertaining to my client books and reconcile them accordingly
- Keeping the client books perfect in line with the Exchange
- Looking in to static issues on trades and liaise with the concern team and get them fixed & ensure they are proactively fixed, which will ensure resolving trade breaks in my client books
- Resolving T+1, T2 or long trade breaks in all exchanges
- Liaising with other Investment banks on get/give-up trades in client accounts or Proprietary accounts
- Liaising with different exchanges in case of any discrepancies or when in need of clarification through e-mails or phone calls
- Root cause analyzing of any trade breaks in case of any discrepancy found between books and fixing it
- Reporting of trade breaks to the trading desk, middle office and back office
- Overall matching Trades & positions by EOD and if there is discrepancy investigate and resolve them
- Following it up with client on confirmation of trades, trade breaks, trade allocations and corporate actions
- Following it up with respective Clearers on confirmation of trades, trade breaks and Trade expiry/assignments
Education
Masters - International Banking & Finance
Salford University
Manchester, UK05.2013
Bachelor - Commerce – Accounting, Finance & Business Studies
Bangalore University
Bangalore, India05.2006
Skills
- TLM (Transaction Life Cycle Management)
- DREX
- Axis point
- Oracle DBA
- Microsoft office
- R&N (Rolfe & Nolan)
- HTML
- CSS
- Python
- SQL
- QTE
- Tsar
- Summit
- Bloomberg
- Trade web & Market Access
- DTCC
- MS Office
- Splunk
- JIRA
- MS Access
- MarkitWire
- Murex
- Alto
- Aladdin
- Cappitech
- Excel
- PC skills
Certification
Investment Banking Institute, New York, NY, Financial modeling and valuation training program, 03/01/17, 04/01/17, Performed company valuations utilizing comparable company, precedent transactions, and discounted cash flow (DCF) analysis. Built fully integrated financial statements projection model, LBO model and accretion/dilution merger models, including ability to run operational and capital structure sensitivities within models and data tables for sensitivity analysis.
Technical Areas
- Application Expertise: TLM (Transaction Life Cycle Management), DREX, Axis point, Oracle DBA, Microsoft office, R&N (Rolfe & Nolan).
- HTML, CSS, Python, SQL.
- QTE, Tsar, Summit, Bloomberg, Trade web & Market Access, DTCC, MS Office, Splunk, JIRA, MS Access, MarkitWire, DTCC, Murex, Alto, Aladdin, Cappitech.
- Strong Excel/PC skills with proven ability to work with multiple systems.
Timeline
Regulatory reporting (CFTC, EMIR, MiFID II, SFTR)
S&P Global
02.2022 - Current
Derivatives operations
AmundiPioneer
01.2019 - 02.2022
Collateral Onboarding - Business Implementation
State Street
09.2017 - 10.2018
Broker Reconciliation & Credit Derivatives Middle Office Operations
Deutsche Bank
09.2010 - 12.2014
Corporate Accounting Group & Broker Reconciliation
Infosys
06.2006 - 09.2010
Masters - International Banking & Finance
Salford University
Bachelor - Commerce – Accounting, Finance & Business Studies
Bangalore University