Srivatsa B S

Manager reconciliation :October 2021 - January 2024

Analyzing reconciliations and resolving discrepancies between custodian reports and Investment manager reports with the help of various tools and partner areas, responding to internal and external inquiries, and independently resolving exceptions and thereby ensuring quality in signoff’s. Reviewing the quality of reconciliation and managing client requirements.

• Reconciling the valuations between Northern Trust and Investment Manager and resolving significant accounting differences between the parties prior to Northern Trust finalizing its reports
• Verify and audit complex transaction and portfolio reports, and research discrepancies in the portfolios
• Identify discrepancies affecting accounts, make necessary corrections with the help of various partner areas. Follow up until resolution is attained
• Liaise between the Investment Manager and various partner areas internally to arrive at the desired results and ensuring that the market value variance between the Investment Manager and Northern Trust is within the tolerance level specified by the Client
• Providing a valid explanation for all the discrepancies and ensuring that the reports are delivered on time
• Ensure deliverables are completed in an accurate and timely manner by following the defined procedures
• Working on the Key performance indicators and delivering it to the clients or client admins as an additional service
• Performing accurate quality checks on the Reconciliations
• Managing client responsibilities and calls and ensure to deliver the sign off as per the client requirements
• Handling an additional sub process within the team called Investment Manager reconciliations where exceptions identified by Investment managers are highlighted and shared , which is further investigated, followed up with internal teams until resolution.

Cash Demand Draft Account Reconciliation :February 2024 - Till Date

• Provide a Demand Deposit Accounting system (DDA) and Intraday liquidity view of cash for any entity taking/holding deposits or trading capital markets to the street
• Provide a clear view of cash held at counterparties on an event driven basis
• Representation of every cash transaction on the DDA, including banking transactions, to ensure complete Nostro representation
• Reconciliation of every DDA to client accounting and each Nostro account to the street
• Provide a banking view of cash, in addition to the custody view of cash, providing comprehensive balance and liquidity details that can support financial decisions
• A new strategic initiative to evolve from a custody – centric view of cash to a banking view of collected & available cash , to support NT existing business models & to satisfy ever increasing levels of regulatory demand & the need for NT to better control its risk .
• Current support provided by Global reconciliation Cash DDA team for Nostro , client , Midas & suspense & identifying the reasons for exceptions & reporting to BMO.
• In charge of all the core banking activities, which includes monitoring, researching the exceptions and volumes and also to look for discrepancies, if found any, resolving it within the EODs.
• Formed and lead a team which took care of activities such as trainings apart from their daily BAUs.
• Expertise in spreadsheets & applications like TLM (PLB & PLD ), IIP (Investment reports), EBP(Enterprise banking platform) and Fund master
• Proficient in extracting data, analyzing and presenting it within the SLA deliverables.
• Managed to meet the SLAs during high volumes in the absence of senior partners