Rahul Sevada

Director - Emea & Asia Fixed income

Managing entire Fixed income Division which consist of three teams (Bond CA, P&I and income settlement) which include14 team members and 23 vendors reporting

• Lead and manage Bond Corporate Action, P&I and claims teams
• Oversaw day-to-day activities in accordance with business objectives.
• Effective vendor management to ensure all procedures and policies are followed
• Monitored and coordinated workflows to optimize resources.
• Led change and transformation across business areas to deliver benefits and align company resources.
• Evaluated performance, adjusted strategies and maintained agile, sustainable operations.
• Set team and individual KPIs and provided regular, actionable feedback.
• Achieved team goals through formalized training plans, coaching and performance management.

Managing Corporate Action trade support and CSG team which provide all Corporate Action related support to all EMEA trading desks (Equity Swaps, ETFs, Indexes, Single name vanilla and Exotic desks) Works as central point of contact for both for traders & back office teams

• Headed project to automate EMEA Risk booking process which resulted in 4 FTEs
• Analysed business needs while soliciting desk feedback for process improvements.
• Monitored and coordinated workflows to optimize resources.
• Analysed business needs while soliciting operations feedback for process improvements.
• Closely worked with IT and desk to understand process requirements/risk to ensure gaps are plugged in automated system
• Following up on success of EMEA automation, delivered same automation for Asia desk
• Optimized operational processes using analytics tools to address client-specific metrics.
• Awarded as Director of year for delivering CATS automation

Handling Corporate Action trade support and CA research team which provide all Corporate Action related support to all EMEA trading desks (Equity Swaps, ETFs, Indexes, Single name vanilla and Exotic desks)
Works as central point of contact for both for traders & back office teams

• Primary contact or traders & controllers for all CA related queries Communication of Corporate action elections to desk and query resolution
• Run reconciliation (Intellimatch) between front office Risk system against back office system to ensure positions are matching
• Ensure correct risk positions are reflected at market open and prevention of P&L movement and ensure accurate risk marked to market
• Provide Risk updates on all Mandatory and Voluntary corporate action event

Key Achievements & Contributions:

• Successfully migrated corporate action trade support function from London to Mumbai
• Successfully run project to take down number Intellimatch breaks arising from different team and trade bookings, managed to reduce 40% of noise after completion
• Awarded as “Star of the Month” in the Month of June’17 & Dec’17

• BAU Management:
• Handling offshore delivery for buy side firm managing team of 28+ FTEs
• Liaise with internal departments to ensure queries are resolved / responded to within timeframe and manner sensitive to urgency of event, thereby ensuring that internal / external client satisfaction is maintained
• Knowledge management, Capacity planning, SLA design & management
• Integrating comprehensive performance measurement systems / KPIs
  Establishing knowledge management practices – staff competency planning, change management & procedure manuals
• Key Achievements & Contributions:
• Helped clear 06 months outstanding Overdraft claims (over 200) in 45 days to reduce exposure of high value claims
• Key System (InfoAction) enhancement suggested and help in implementing same to ensure smooth merging of SWIFT notices
  Analyzing historical volumes and building capacity models
• Successfully transitioned Corporate Actions process from Boston to Pune, and offshore transition of Overdraft claims processing and Fund administration Services
• Implemented multiple Process Improvement ideas leading to productivity benefits of 2 FTEs during last one year

• BAU Management:
• Handling a team of 21 people (5 Senior Analysts and 16 Analysts) who are responsible for processing and validating Corporate Action, Dividend & coupon claims process function and Global risk reporting
• Leading and managing operations team, ensuring timeliness, accuracy and continuation of service within a stable environment
  Maintaining interpersonal relations with clients for smooth running of business functions
• To ensure that departmental controls, checklists, policies and procedures are adhered to by all team members
• Preparing process Daily Report, Weekly & Monthly Business reviews which are shared and discussed with stakeholders
• To enhance/improve efficiency of current activities by removing bottlenecks and re-designing workflow
  Performance review and MBR presentations for Senior Management
• Key Achievements & Contributions:
• Completed 2 month project on Intellimatch to clear 1 year backlog and ensure timely matching of Statement DR/CR versus ledger
• Received one of the prestigious award from client, Service Excellence Award for the year & 9 quarterly/monthly spot rewards
• Generated and implemented process improvement idea to simplify process of trade cash calculation
• Successfully transited Coupon and Dividend claims processing (payable) process from Glasgow to Pune
  
  Joined in 2010 (Analyst), promoted to Senior Analyst in 2 yrs - (eClerx Services Ltd)