Vivek Purohit
Assistant Manager, DCC at HSBC | Ex-TIAA
- Role
- Assistant Manager Dcc (Global Banking & Markets) at HSBC
- Location
- Mumbai, MH, IN
- LinkedIn followers
- 500 followers
About Vivek Purohit
Results-driven Finance Professional with over 4.5 years of experience in Margins…
Experience
Assistant Manager Dcc (Global Banking & Markets)
Jul 2022 — Present · Mumbai, IN
Working under Equity Settlements domain. Responsible for Trade Confirmation and Settlement and many more activities-Checking of margin and funding for Domestic and FPI clients-Confirmation and Settlement of purchase and sale trade punched on NSE & BSE-Unex of Trades which are not to be confirmed on exchange due to insufficient funds and resuming trades for next day funding check-Checking if there are additional margin requirements for the margin clients through intraday-Preparing and reporting of Margin to Exchange as per SEBI regulation (e.g, MG12 and Segregation Report)-Sending margin reports to clients after manually checking of margin-Tracking of SWIFT Messages : MT202, MT599 and MT103 etc-Passing accounting entries in the internal system-Clearing queries for NSCCL regarding margin reporting-Liasing with NSE regarding new circulars and process changes-Allocating and Deallocating as per CP codes via prop method-Placement and Withdrawal of collateral (E.g. Equity, T-bill, Gsec)-Oversaw margin calls, collateral break investigations, and portfolio reconciliation forderivatives and securities transactions, ensuring accurate and timely execution-Independently handled client calls, providing actionable insights and ensuringalignment with long-term business goals-Identified and resolved discrepancies in margining processes, implementing systematicand sequential solutions to prevent future issues-Implemented best practices to enhance operational efficiency and reduce margin callerrors by 10-12%-Worked closely with cross-functional teams to escalate issues proactively, preventingclient escalations and ensuring continuous customer satisfaction-Enhanced the knowledge-sharing culture by documenting and sharing processknowledge and best practices-Managed day-to-day collateral management and trade settlements, ensuring accuracyin OTC derivatives and securities.
Education
Urmi School, Vadodara
Science
Lexicon Management Institute of Leadership and Excellence
PGDM
2019 — 2021
The Maharaja Sayajirao University of Baroda
Bachelor of Commerce, Human Resources
2016 — 2019
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