Monika Sharma

Cash Flow Reconciliation and Trade Settlement:

• Reconcile cash flows prior to settlement dates, ensuring timely and accurate settlement of trades.
• Implement effective controls to maintain the integrity of financial transactions.

Verification of Cash Flows:

• Verify the accuracy of cash flows and settlement instructions through telephone and email communication with clients.
• Utilize SWIFT messages for payment processing and communication.

Discrepancy Management:

• Coordinate with the Middle Office to identify and address mismatches between expected and received payments.
• Perform root cause analysis and front-office-to-back-office reconciliation to ensure balanced trade life cycles.

Risk Identification and Control:

• Identify and escalate risks and control gaps in accordance with the RACA process and self-assessment documents.
• Proactively manage risks to safeguard financial operations.

Break Management and Escalation:

• Report breaks in the live system (TLM) and reconcile NOSTRO and internal accounts.
• Maintain updates and communications in the breaks system throughout the day.
• Escalate unresolved breaks or issues to appropriate contacts based on the size and age of the break.

Bilateral and Clearing Breaks Resolution:

• Work on resolving bilateral genuine breaks and clearing breaks, including historical amendments on trades.
  

Equity Derivatives and Settlements:

• Pre-confirm SSIs, value dates, and amounts with clients for upcoming payments.
• Follow up with clients for any non-receipt of payments and resolve discrepancies.
• Collaborate with agent banks regarding SWIFT messages and invoices.
• Coordinate with Middle Office to address any discrepancies between expected and received payments.
• Work with internal teams to resolve open breaks and ensure seamless settlement processes.

Fund Management:

• Initiate transfers, return of funds, and segregation of client money, while verifying the reasons for any returned payments and processing them as needed.

Report Monitoring:

• Monitor and analyze reports for uncommented flows over $10 million and resolve high-value breaks within turnaround times (TAT).

Client Data Validation:

• Responsible for editing client data based on received changes, ensuring accuracy and compliance.

Account Amendment Support:

• Provide comprehensive support and input in managing the end-to-end control and ownership of client account amendments.

Risk Management:

• Timely identification, escalation, and resolution of potential risks and issues to maintain operational integrity.

Stakeholder Support:

• Address ad hoc queries promptly to meet business deadlines, providing necessary support to stakeholders as required.

Document Verification:

• Lead Financial Advisor for verifying client documents such as address, name, DOB, and SSN, ensuring compliance with regulatory standards.

Banking Activation:

• Process requests to link ML brokerage accounts with Bank of America accounts, ensuring smooth integration and client satisfaction.