Maharajan Subramanian Konar
AL Basha 9, International City, Phase 2, Warsan 4, Dubai
Summary
Investment banking professional with 11.5 years of experience specializing in Trade Operations, Middle Office functions, Client Services, Client Reporting, and Fails Management. I possess a strong background in managing teams and resolving complex trade and Trade settlement issues, while ensuring smooth trade lifecycle management in high-paced financial environments. Personable and organized with talent for effective team coordination and problem-solving. Possesses solid grasp of operational procedures and excels in managing daily tasks and customer interactions. Ready to drive efficiency and support organizational goals through proactive leadership and strategic planning.
Overview
12
12
years of professional experience
Work History
Assistant Manager
State Street Corporate Services Mumbai Pvt Ltd
06.2022 - 10.2024
- Accomplishments:-
- Transitioned and Onboarded 24 new clients
- Creating OJT Plans which involves end to end training for new process migrations, parallel run plans and fixing go live dates depending upon successful training. Providing weekly status to clients and senior management
- Played integral role in transition of end to end custody cash operations and Interbank Compensation Claims Process for State Street (Toronto to Mumbai) and debit interest process from JV (Syntel) to captive office in Mumbai
- Lead project for creating a backup site in Bangalore for resiliency as a part of risk excellence GCO team in Bangalore state street. Lead project for cross training initiative to train Toronto team for debit interest process as a backup site in Toronto for resiliency as a part of risk excellence GCO team in Toronto state street
- Managing and executing array of projects related to onsite/Offsite process transitions, System& Workflow replacements, System & Workflow enhancements, Data Cleansing & Quality
- Assist in sourcing user requirements in BRD, conducting and performing UAT/regression testing, participating and coordinating with various businesses for data conversion & production rollouts, conducting knowledge transfer sessions & preparing SOP's
- Operational Responsibilities:-
- Responsible to balance the allocation of tasks, overseeing day to day ops, addressing issues/escalations and maintaining a healthy team environment with an open communication culture
- Managing a team of 28 members based out of Mumbai , Hyderabad and Bangalore location
- Reviewing performance appraisal, conducting 1*1 meetings for team members by conducting monthly, quarterly, half yearly and yearly performance appraisal meetings for team members for rating
- Leave management and attrition management for process
- Interviewing new candidates for the process
- Creating SOP, Training Plan, KPI's tracker and EOD reports
- Process involves investigating and resolving the failed trade throughout its life cycle by extracting information from various systems and liaising with the operations teams and dealers spread across the globe
- Inbound claims - Incoming claims are Logged, researched and settled according to market practice with minimum loss to the company
- Outbound claims - Preparing and analysis of failed trades report and issuing outbound claims to counterparties as per the market practice
- Providing status updates on all outstanding claims and fails over calls to various clients on weekly and monthly calls and also interacting with external brokers, custodians and counterparties
- Suggest changes in the current process and implement if it is beneficial to the team and to the company
Team Leader
Hexaware BPS Private Limited
11.2020 - 05.2022
- Department:- Global Cash Department - CSDR (Central Securities Depository Regulation) - Penalties Processing
- Successfully transitioned CSDR (Central Securities Depository Regulation) - Penalties Process and played integral role in transition of CAP Process for Hexaware from Boston to Mumbai location by working remotely
- Responsible to balance the allocation of tasks, overseeing day to day ops, addressing issues/escalations and maintaining a healthy team environment with an open communication culture
- Reviewing performance appraisal, conducting 1*1 meetings for team members by conducting monthly, quarterly, half yearly and yearly performance appraisal meetings for team members for rating
- Leave management and attrition management for process and Interviewing new candidates for the process
- European CSD’s (Central Securities Depositories) subject to EU regulations imposes a cash penalties on parties to a trade fails to settle by market close on the intended settlement (ISD) or that matches late preventing settlement on ISD
- Each day after ISD the trade remains unsettled, additional cash penalties are imposed
- Managing a team of 8 members based out of Mumbai location
- Ensure all exceptions are cleared by the end of the month
- If any penalty records are in a mismatched or exception status, escalate to oversight team and reach out to sub custodian or the appropriate internal team for resolution
- Send final monthly report of penalties that are being paid by internal teams or being received by external parties or net off payments accordingly once the monthly reconciliation is complete
- Department:- Client Account Profile – ASL View Maintenance
- Successfully transitioned Client Account Profile (CAP ASL Process) and played integral role in transition of CAP Process for Hexaware from Poland to Mumbai location by working remotely
- There are 3 primary functions of the team - I) Account Opening II) Account Maintenance III) Account Closure.
- Preparing monthly & weekly reporting like Dashboard & KPI and Leading Daily, weekly and monthly calls and presenting KPI results to client and management team
- Independently handling the process integrities and escalate challenges/ issues in a timely manner
- Conducting knowledge sharing session with the team. Review training and refresher requirements and schedule sessions for the teams
- Processing ASL requests for updating of accounts, SSI’s, Authorized signers,handling Address Change, Addition of E Banking Service to clients, Updating Passport details, Blocking and Unblocking of Accounts whenever team is facing high volumes
- Closure of Accounts has Different types Client Initiated Closures, Bank Initiated Closure, Illiquid Clients of accounts and Compliance Issue
Team Leader
State Street Corporate Services Mumbai Pvt Ltd
09.2015 - 10.2020
- Managing and executing array of projects related to onsite/Offsite process transitions, System& Workflow replacements, System & Workflow enhancements, Data Cleansing & Quality
- Responsible to balance the allocation of tasks, overseeing day to day ops, addressing issues/escalations and maintaining a healthy team environment with an open communication culture
- Managing a team of 16 members based out of Mumbai and Bangalore location
- Reviewing performance appraisal, conducting 1*1 meetings for team members by conducting monthly, quarterly, half yearly and yearly performance appraisal meetings for team members for rating
- Leave management and attrition management for process
- Interviewing new candidates for the process
- Inbound claims - Incoming claims are Logged, researched and settled according to market practice with minimum loss to the company
- Outbound claims - Preparing and analysis of failed trades report and issuing outbound claims to counterparties as per the market practice
- Investigation on TMPG, Securities &OTC Products (Foreign exchange, Equities & Commodities) and Fixed Income Securities
- Providing status updates on all outstanding claims and fails over calls to various clients on weekly and monthly calls and also interacting with external brokers, custodians and counterparties.
- Responsibility of payment verification and also performing quality checks for all payments processed through MT202, MT103, MT299, Cash Manager and IBS sites and initiating payments via MT202 / MT103 to external parties.
Analyst
Eclerx Services Pvt Ltd
06.2013 - 05.2015
- Reviewed trade confirmations for Derivative OTC products, Treasury, Agency and MBS
- Performing reconciliation of invoices received from client within 3 days and investigating on breaks
- Setting up SSI's in internal systems according to payment instructions for settlement
- Communicating with settlement team to get the settlement information of trades also understanding basic trade life cycle
- Prepared and enhanced weekly, Monthly, Quarterly report and MBR Report
- Assisted with several projects to improve process and promote consistency and ensure transparency across all 3 products
- Managed the team processes, checked the accuracy of the team members by conducting sanity checks before reporting deliverables to client
Cashier / Officer
Axis Bank Pvt Ltd
08.2012 - 03.2013
- Worked as Officer II (Cashier) with Cash management training on Bank records
- To keep a Constant limit on Cash department with under retention limit of branch
- To provide with proper receipts (Deposits) and payments (Withdrawals) of Cash
- Handling NEFT/RTGS on TAT and FINANCLE options on timely basis
- Preparation of DD/PO or resolving other customers banking issues on TAT
- Keeping record of Branch Level Expenses process by CPU and day end complete procedure
- Vendor payments on regular basis by PRF procedure
- Ensuring data integrity of the accounts at the branch
- Maintaining petty cash expenses of the Branch
- Co coordinating with the Currency chest for Currency Management of the Branch
- Preparing STR Reports for high value cash transactions
- Maintaining Gold Coins and keeping Registers of the branch up to date
Education
No Degree - Finance And Banking
Institute of Finance, Banking And Insurance
Mumbai07.2012
BBA - Management Studies
Tilak College
Mumbai10.2011
High School Diploma -
St. Mary's Junior College
Mumbai, Maharashtra06.2008
SSC -
St. Lawrence High School
Mumbai, Maharashtra06.2006
Skills
- Team Management
- Claims Management
- UAT and Regression Testing
- Risk and Control
- Project and Transition Management
- KYC & Compliance Reporting
- Client On-boarding
- Swift Payments (MT202, MT103, MT199, MT299, MT535)
- Inbound and Outbound claims-Interest and TMPG claims
- Cash and Collateral Management
- Trade Control and Surveillance
- Data Management
- Data Governance
- Stake Holder Management
- Client Interaction
- Self-Motivated
Accomplishments
- Received 2 consecutive spot rewards at Eclerx Financial Services for demonstrating excellence in work.
- Received monthly award continuously for 3 months for excellence in work and migrating process from onshore to Mumbai location in State Street.
- Received 2 consecutive quarterly awards at Hexaware BPS for Best Employee for migrating CAP Process and achieving KPI results with high accuracy level and meeting timeliness criteria.
- Received Certificate for winning Chess competition at Tilak College.
- Received Certificate for winning Volleyball competition consecutively 2 yrs. in a row at Tilak College.
Additional Qualification
2011-12, POST GRADUATION DIPLOMA IN BANKING [PGDB], Institute of Finance, Banking and Insurance - Mumbai, India, A Grade
Personal Information
- Notice Period: Immediate Joiner
- Date of Birth: 10/18/89
- Nationality: Indian
- Visa Status: Valid till 02/08/25
Timeline
Assistant Manager
State Street Corporate Services Mumbai Pvt Ltd
06.2022 - 10.2024
Team Leader
Hexaware BPS Private Limited
11.2020 - 05.2022
Team Leader
State Street Corporate Services Mumbai Pvt Ltd
09.2015 - 10.2020
Analyst
Eclerx Services Pvt Ltd
06.2013 - 05.2015
Cashier / Officer
Axis Bank Pvt Ltd
08.2012 - 03.2013
No Degree - Finance And Banking
Institute of Finance, Banking And Insurance
BBA - Management Studies
Tilak College
High School Diploma -
St. Mary's Junior College
SSC -
St. Lawrence High School
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