Subash Chandra Bose Maganti

• Manage the team responsible for the processing of process the Daily Dividend Processing. Ensure that all equity and fixed income corporate actions are processed timely and accurately in the IM portfolio accounting platform.
• Provide guidance to the team by analyzing and understanding corporate action notices including the interpretation of tax reporting implications. Assist analysts in verifying dividend information with alternative sources as necessary (requires the ability to make the determination when additional research may be required)
• Maintain metrics on the team’s performance including detailed analysis of any processing and system issues. Assist in the ongoing assessment of the effectiveness of team controls and the tolerances used in applying those controls. Ensure all procedures and processes are accurately documented and updated
• Successfully on board the Income processing in Hyderabad location without any issues.
• Maintained positive customer relations by addressing problems head-on and implementing successful corrective actions.
• Developed detailed plans based on broad guidance and direction.
• Evaluated employee performance and conveyed constructive feedback to improve skills.
• Evaluated staff performance and provided coaching to address inefficiencies.
• Developed effective improvement plans in alignment with goals and specifications.
• Planned, created, tested and deployed system life cycle methodology to produce high quality systems to meet and exceed client expectations.

· End to end operational delivery across all Middle Office Services including Portfolio Accounting, Trade Processing, Voluntary and Mandatory Corporate Actions.

· Oversight of all offshored functions to Global Processing hubs in London and Mumbai and ultimate accountability to meet and exceed client service standards

· Assure accurate and safe record keeping for client securities

· Cultivate strong relation to clients to maintain a highly trusted asset servicing reputation

· Ensure company is prepared for both internal and external audits through file analysis and processing overview.

· Reconcile any cash and stock breaks on our client records.

· Engaging in daily progressive efforts by providing support and solutions to problematic offer announced on our securities.

· Support development of Client KPI’s and Monthly Service Packs; attend relationship calls and communicate data effectively; proactive actions targeting at minimising processing risk; Ensure effective MIS process

· Effectively manage performance and develop strong leadership team.

· Reviewing the MT103 instructions for incoming FX wires and advice if ML account listed is valid.

· Funding internal GL’s to ensure sufficient funds are maintained post cutoffs.

· Verification of Swift messaging, Payments and Journals Ensure compliance with Global Information Risk activities

· Act as the escalation point for sensitive client issues, which may involve working with the Front Office to resolve questions, investigate issues and develop a satisfactory response to the client’s concerns.

· Represent Operations as subject matter expert on cross-functional operational initiatives, effectively communicating the status and issues to interested parties.

· Assisting the Team on their day to day queries

· Responding to Ad hoc queries from internal and external clients

· Check SWIFT instructions of the incoming wires that could not go through Straight thru Processing.

· Sound Knowledge on corporate action for the both Prime Brokerage Clients and Proprietor Traders. Bookings for cash dividend events and dividend reinvestment events across regions.

· Processing of All Mandatory Corporate Action events, such as full and partial calls, redemptions and maturities

· Processing of all International Mandatory Corporate Actions

· Processed and reconciled International Optional Dividends. Resolved issues between various foreign depositories and the firm. Distributed monies paid out in foreign currencies to various clients

· Liaised with various departments such as Stock loan, International Settlements, DTC Settlements and Cash Management

· Co-ordination with an understanding of inter-operability among Pre and Post Settlements, Stock Borrow Loan team, Reconciliation controls, Announcement Capture team Systems support and CAAS.

· Skills in cooperating with management to ensure accurate and rationally executed cash and stock balancing.

· Processing income as required, including generation, reconciling accruals, settlement of cash receipts, and ensuring that income entitlements are accurately accrued and settled on agreed deadlines.

· Preparing & presenting various weekly/monthly reports pertaining to process and productivity, like SAR and KRI.

· Resolved all cash position discrepancies with the Nostro accounts.

· Track "key risk indicators" and clear aged breaks to mitigate exposure.

· Responsible for preparing and updating process specific SOP’s.

· Focused on key operational, accounting, and financial reporting controls within the assigned areas and scope for SOX reviews.

• Identified key controls, assessed controls for design deficiencies, and updated process.
• Scheduled testing of operating effectiveness in compliance with tests plans.
• Detected operating deficiencies and proposed ways to remediate control failures.
• Identified mitigating controls to minimize risk exposures.

• Migration of Risk and Controls process to offshore.
• Working with supervisor to ensure all SLAs, key deliverables and project milestones are met.
• Handling escalation and risk indication claims for offshore and onshore.
• Helping in creating and updating the payment in internal networking.
• Escalate issues to supervisor/manager at appropriate times in line with controls
• Processed the Mandatory corporate action events of Prime brokerage.
• New Fund launches, updating static data of open and closed funds, including advising team of impact to any corporate actions
• Liaising with internal departments and external clients, custodians, service providers to ensure all queries are resolved and the enhancement of any procedures.
• Overall service delivery of various Asset Services functions at managerial level
• Mandating of Cheques to avoid risk and quick processing
• Ensure you are continually aware of all the products that our teams support

· Pre-matching - This involves receipts of pre-matching reports, then they need follow up with our trade support teams and counter-parties on unmatched trades. The goal is to avoid all possible trade fails.

· Fails Management – With the received trade fail reports from the custodians, this has to be further reviewing and following up on the daily bases. Analysis involves counterparties, traders and getting them to settle without further delays.

· Swift Instructions - Prepare various SWIFT messages for manual instruction of various trades via MT541 and MT543.Amending any existing trade instructions to our agents to arrange fix via MT599.

· Resolving breaks - To resolve Depot breaks between UBS internal records and UBS accounts with Custodians in different markets. I do reconciliation and investigation to clear the breaks.

· Buy in Monitoring - To keep a ‘Fish Eye’ on all markets, which involve risk of potential, buy in. This needs to close follow up with traders, agents and counter parties. If any disturbances are seen in trade, I immediately escalate to the traders and onshore managers to avoid any possibility of failure.

· Monitor and correct institutional accounts.