Palash Mathur
Wroclaw
Summary
Highly accomplished Senior Associate with over 7 years of expertise in hedge fund operational services. Demonstrated success in implementing strategic operational solutions that optimize client satisfaction and foster financial growth. Seeking a challenging opportunity to leverage extensive experience working across diverse hedge funds, driving success in a dynamic environment.
Overview
8
8
years of professional experience
Work History
Senior Associate (Operations)
Innocap
12.2023 - Current
- Collaborated with internal and external parties like the Investment Manager, client relationship team as well as various cross functional departments to facilitate fund launches and liquidations, which included tasks like assisting the fund onboarding team on a daily basis to review various trade agreements entered into with counterparties like ISDA, GMRA, MRA, CDA etc., to verify that all such trade agreements are in line with clients expectations as well as market standard.
- Oversaw daily OTC collateral management and reconciliation which encompasses of verifying and cross referencing admin, counterparty and Investment manager trade terms like checking whether the counterparty is charging appropriate Initial Margin as well as marking the trades to current market activity in order to diligently respond to any margin calls be it for an ISDA agreement or Uncleared Margin agreement where we pledge/return securities instead of cash.
- Tracking and resolving any discrepancies between the terms of the trade, like when both admin and counterparty reporting are reflecting different market prices, used tools like Bloomberg, Markitwire etc. to gather enough evidences to support the pricing methodology and conclude which parties price is valid.
- Managed daily internal cashflows for various listed/cleared product accounts (Prime Broker account, Future Cash Margin account, Cleared Derivative account etc.) across clients, which entailed rebalancing money between various fund accounts which are earning less interest and accounts which are earning more interest in the market after verifying the daily interest schedule for every currency, in order for the client to get the most return out of their investments.
- Monitored and approved all cash wires across assigned clients, including validation of SWIFT/SSI setups to ensure all cash wires are released promptly.
- Led a team with 4 direct reports, emphasizing personal responsibility and accountability, all while ensuring they undergo proper training in all the aspects of the daily BAU work, impart their knowledge with new joiners and stay on track to meet their goals and objectives to develop and grow in the team.
- Performed UAT testing for new system modules to support internal platform enhancement.
- Provided process training to new joiners and troubleshoot any ad-hoc queries from the team.
- Trained and supported new team members, maintaining culture of collaboration.
Senior Analyst (Operations)
Innocap
07.2022 - 12.2023
- Collaborate with offshore team for daily OTC collateral and recon process review
- Liaise with all external parties (admin, counterparties etc.) to resolve any BAU process issues
- Review and enter cash wires related to OTC collateral, settlements, and internal fund transfers
- Support internal teams for hedge fund launches and liquidations
- Conduct UAT testing for new enhancements across various modules
- Review and enhance process documentation (SOP's) created by offshore team
Senior Hedgemark Analyst
BNY Mellon Hedgemark
08.2020 - 07.2022
- Assist the onshore team in daily OTC collateral and recon review process
- Oversee all process handovers from the onshore department to the India team
- Conduct BAU process training across the Pune team and helped in troubleshoot issues
- Support in the seamless migration to a new operational model with a focus on automation
Senior Rep. Hedgemark Analyst
BNY Mellon Hedgemark
12.2018 - 08.2020
- Assist the onshore team in daily OTC collateral and settlement wire generation process
- Support the setup of position recon and collateral modules across existing and new funds
- Help with system enhancements by suggesting automations for existing processes
- Maintain a log of completion of all process checklists and report any issues
Hedgemark Analyst
BNY Mellon Hedgemark
06.2017 - 12.2018
- Respond to all OTC collateral margin calls and assist with timely resolution of any call disputes
- Prepare position reconciliation to identify and raise any discrepancies in trade data for a fund
- Create and maintain process documentation (SOP's)
Skills
- Client Relationship Management
- Operations Management
- Financial Analysis
- Multitasking
- Troubleshooting
- Action oriented
- Product knowledge
- Diligent
- Collaborating effectively
- Strong work ethic
- Communication
- Team supervision
Accomplishments
- Pioneer hire of Pune operations team at Hedgemark in 2017, recognized for training new joiners and establishing initial operations process during year-end review (Jan 2018)
- Received Bravo Award for fostering high performance culture in newly formed Pune team, acknowledged by Chennai team (May 2018)
- Applause Award for seamless transition of new funds from Poland team (Jun 2020)
- Recognized with Bravo Award for efficient fund handling and quick task handover from Poland team (Aug 2021)
- Applause Award for excellence in fund handling from Pune team (Aug 2022)
- Received multiple accolades from New York and Poland teams for successfully managing multiple fund launches for high net worth client within deadlines, while maintaining a client centric approach (July and Aug 2024)
Hobbies and Interests
- Exploring distant lands
- Getting lost in a good book
- Feeling the music
- Football is my vibe
Languages
Hindi
Native language
English
Proficient
C2
Software
MS Office
Bloomberg
Markitwire
Acadiasoft
BNY Nexen
Timeline
Senior Associate (Operations)
Innocap
12.2023 - Current
Senior Analyst (Operations)
Innocap
07.2022 - 12.2023
Senior Hedgemark Analyst
BNY Mellon Hedgemark
08.2020 - 07.2022
Senior Rep. Hedgemark Analyst
BNY Mellon Hedgemark
12.2018 - 08.2020
Hedgemark Analyst
BNY Mellon Hedgemark
06.2017 - 12.2018
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