TONY ROY
Toronto,Canada
Summary
Energetic, success-driven and highly committed professional with around 12 years of extensive experience in Capital Markets and back office operations viz, Derivatives, Collateral Management, Settlements, Trade Life Cycle, Risk Management, Margin Operations, Project Management, Business Management and Transitions with hands on experience in usage of industrial applications. Seeking to leverage my financial expertise in a dynamic environment where I can actively contribute to the success of both the organization and its clients.
Overview
14
14
years of professional experience
Work History
Assistant Manager -Projects & Transitions
State Street
Bangalore, India
08.2022 - 05.2024
- Executed transitions (net new business) for two global clients across three functional groups, eliminated miscommunication and promoted a culture of transparency and best practices
- Performed in-depth Root Cause Analysis (RCA) on Trade Fails (Equity & Fixed Income) and remediated via implementation of fails check macro that reduced the overall fails by 15%
- Co-ordinated efforts towards a project that aimed to reduce client a/c overdrafts by 85%, contributed to the development of project charters, Business Requirement Documents (BRD) ensuring milestones met per agreed timelines
- Delivered knowledge sharing sessions/workshops for over 50+ staff across middle office functional groups on the adaptation of latest global documentation review procedure
- Gathered and fed intelligence to Incident Managers to expedite resolution of pending financial incidents, resulting in a reduction of outstanding incidents by 30%.
Team Lead - Business Management
State Street
Bangalore, India
11.2021 - 07.2022
- Conducted Risk assessment with 5 functional groups and successfully implemented a comprehensive Risk Excellence charter that quantifies various risk elements such as financial incidents, sensitive positions, mandatory training etc
- Identified ways to reduce manual efforts in handling huge and complex data for monthly reports, resulting in 40%-time savings
- Worked closely with functional leads in providing actionable inputs towards managing aged CSDR exceptions on a daily basis.
Business Consultant- OTC Derivatives
Ernst & Young
Bangalore, India
10.2020 - 02.2021
- Developed dashboards relating to static data that were leveraged by functional teams for daily settlements
- Actively worked in identifying & resolving dispute positions with counterparties, reduced discrepancies by 35%.
Team Leader- Collateral Margining & Settlements
Northern Trust
Bangalore, India
10.2015 - 11.2019
- Managed a team of 15 employees across APAC, EMEA & NA regions handling Collateral Margining & Settlements, developed performance metrics tracker focusing on skill development, employee engagement & accuracy, resulting in a 12% increase in overall productivity
- Monitored the daily task of uploading various data feeds in Colline (collateral system) necessary to perform Margining such as Trades, Pricing & Valuations, Asset Holdings etc, post upload, analyze data feeds for any anomalies, flag off critical issues and escalate accordingly
- Successfully led the transition of North American Collateral team to a new location within India, created training materials, process flow documents and trained 20+ staff on process execution, achieved all milestones for Go-Live
- Proactively identified erroneous payments for a global client, addressed client queries, implemented a control check that reduced errors by more than 90%.
Technical Co-Ordinator-Derivatives Collateral
Northern Trust
Bangalore, India
06.2014 - 09.2015
- Worked as a Subject Matter Expert (SME) on a critical assignment that aimed towards implementing STP for processing of securities FED (T-Bills, T- Bonds, T-Notes) for institutional clients, work flows were tested in UAT platform and the outcome delivered a reduction in manual processing by 65%
- Accurately monitored Sell Trades queue, saved potential TMPG claims upto $ 50,000 USD.
Senior Analyst- Derivatives Collateral
Northern Trust
Bangalore, India
09.2012 - 05.2014
- Handled Tri-Party Repo trades as directed by the Investment Manger to pay (Swift MT202) and receive funds on a day to day basis
- Validated trades posted and performed control checks due to the involvement of high risk and sensitivity of managing incredibly large wires (> $ 900 million USD)
- Maintained accuracy and consistency towards daily approval of collateral securities related to FED, EUROCLEAR & CREST (Swift- MT 540 & 542).
Analyst-Global Derivatives Controls and Audit
Northern Trust
Bangalore, India
06.2010 - 08.2012
- Effectively coordinated and monitored process control checks of various Derivatives functions identifying and reporting any discrepancies and variances to the controls manager
- Reconciled Cash and Securities Derivatives transactions (OTC, ETD & Collateral) and reported outstanding breaks to Senior Management.
Education
MBA-Finance & Marketing -
Amity University
06.2010
Bachelor of Commerce -Accounts & Finance -
Bangalore University
07.2008
Skills
- Trade Support (Fixed Income & Equity)
- Central Securities Depository Regulation (CSDR)
- Collateral Settlements - Cash & Securities (FED, EUROCLEAR & CREST)
- Triparty REPO
- Market Risk & Credit Risk
- Collateral Margin movements,(IM/VM)Uncleared Margin Rules (UMR),Central Clearing Counterparty (CCP),ISDA, CSA & Dispute Reconciliations
- Interest Rate Swaps (IRS) & Credit Default Swaps (CDS)
- Custody-Accounting & Reporting
- SWIFTS & Standard Settlement Instructions (SSI)
Technical Tools
- Colline
- Acadia-Margin Sphere
- Trade
- Transaction Lifecycle Management (TLM)
- Incident Capture Management Accounting System (ICAMS)
- Bloomberg
Languages
English
Full Professional
French
Elementary
Accomplishments
- State Street (2024)- Bravo award for valuable contribution towards Incident Management.
- State Street (2023 –Bravo award for successful implementation of Global Dashboard.
- Northern Trust (2016)- Gold award for successful implementation of SAR1 project.
- Northern Trust (2016)- Star of the month award for Operations Excellence.
Affiliations
- Playing Guitar
Timeline
Assistant Manager -Projects & Transitions
State Street
08.2022 - 05.2024
Team Lead - Business Management
State Street
11.2021 - 07.2022
Business Consultant- OTC Derivatives
Ernst & Young
10.2020 - 02.2021
Team Leader- Collateral Margining & Settlements
Northern Trust
10.2015 - 11.2019
Technical Co-Ordinator-Derivatives Collateral
Northern Trust
06.2014 - 09.2015
Senior Analyst- Derivatives Collateral
Northern Trust
09.2012 - 05.2014
Analyst-Global Derivatives Controls and Audit
Northern Trust
06.2010 - 08.2012
MBA-Finance & Marketing -
Amity University
Bachelor of Commerce -Accounts & Finance -
Bangalore University
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