GlobeOp Financial Services
Senior Associate - Operations
March 2007 — September 2011
Providing administrative services to Hedge Fund Clients consisting of funds from US, UK and Singapore.
Uploading trade files received from Managers in Kondor.
o Kondor is a Trade capturing system and also has the Replica of Managers Portfolio. Identifying the failed trades & rectifying with the clients to get the trade’s auto-load in Kondor+ with correct details.
o Having the Securities setup in the trade capturing system to have the trades loaded if a particular security has been traded for the first time on the client’s platform.
Ensuring trades are being forwarded to Prime Broker (PB) for settlement.
Reconciling the cash, position & trade between Hedge Fund Managers and Prime Brokers (PB) on closure of business basis.
Performing daily reconciliation of client accounts between the internal trade capture and accounting systems (Kondor and Geneva) and the Custodian or Prime broker statements.
Coordinating between the client and the custodians for resolving queries and pending cases.
Tracking corporate actions, coupons and interests which the client is to claim from counterparty/Prime Broker and making the clients are in the receipt of the same as per the value date
Products handled are Equity, Spot, Forwards, NDF (Liquidation and Settlement) , Futures and Options, Warrants, Bonds, Bond Coupon/ bond accruals (Confirming the Coupon and Accrual rate with the Bloomberg and having it setup in the static data after the confirmation of Fund Manager and reconciling the same with the prime broker), CFD’s, TBA, Repos, CDS, EQO, FXO and Bank debts.
Checking Daily P&L, escalating any issues arising out of pricing differences to the Pricing team to make sure that the reports provided to the fund managers are accurate.
Performing Geneva accruals and preparation of NAV books and getting client approvals for the same.
Preparing Payment and Receive instructions through Wires for the transfer of funds from Client to PB or Counterparties and vice versa.
Coordinating with Project Management Group which works on the internal automated reconciliation project (GoRec) meant for automating the Manual Cash/ Position and Trade reconciliations process across the firm and testing the processes on UAT.
Taking initiatives and handling new Client launches / migrations by coordinating with the Fund Managers and Prime brokers.
Led investigation, research and analysis of breaks arising out of the daily reconciliation process between Geneva and prime brokers and resolving the same.
Looked after confirmation and bookings of different corporate actions and other trades on behalf of the Clients into the internal accounting system Geneva.
Participated in the weekly scheduled Conference calls between the respective clients (Hedge Fund Managers) and the Prime Brokers to discuss and resolve the outstanding breaks.