S.K.

Ershad Hussain

Mobile: +974 50699639 Email:

ershad.hussain4@yahoo.com

OBJECTIVE: Aspiring for a growth oriented career providing scope for continuous learning and work in a progressive
work culture with the freedom of creativity and innovation and where there is ample scope for proving my skills and
abilities.
PROFILE & STRENGTHS

 13+ years of diverse experience in Core Accounting, Finance and Investment banking domain under various Asset
classes-FX, Money Markets, Prime brokerage, Collateral Payments, and along with in-depth level of exposure in
NYSE & LSE Intraday equity trading.
 With several years of functional experience into Accounting, Finance, Fx Operations in Investment Banking,
working at various levels with combination of people management skills, Risk management, and project
management.
 Proven ability to improve operations, impact business growth and increase quality through process improvements
and effective internal controls
 Extensive knowledge of Core accounting and finance in terms of keeping records, maintain records and track the
financial transactions and review of the Balance sheet and Profit & Loss accounts and ensure integrity of all
reported financial statements.
Key Domain Areas

Accounting, Finance & Auditing General Ledger Accounts Payable / Receivables

Reconciliations Payroll processing Inventory Management & Reporting
Chart of Accounts preparation Financial Statements & Analysis MIS Reporting
Finalization of accounts Budgeting Value added Tax
GST, Income Tax & TDS Investment Banking Operations Risk/Incident management
Fx Confirmations & Settlements Swift messages(MT103/MT202) Client Service
Technical Skills
Tally ERP 9 QuickBoo Sage/ Murex 3.1 MS-Office(excel, word &
ks Peachtree PowerPoint)

Organizational Experience
Current organization

22 July 2019-currently working here as a Manager Accounts & Finance

Roles & Responsibilities are below

 Monitor the day-to-day financial operations within the company, such as payroll, invoicing, and other transactions

 Manage the monthly financial close process, including ensuring all costs incurred are properly recorded, reviewing

journal entries, account balance reconciliations and report preparation

 Follow up and prepare Petty cash replenishment when cash payment made is 75% of the cash float.

 Maintain a register for cash receipt and bank deposit entries and attach with the cash voucher with respective

entries.

 Working closely with Administrative staff for verifying assets and inventory physically.

 Prepare inventory report on monthly basis after verifying inventory.

 Maintained the fixed asset system and records including reconciliation of all accounts

 Provide insightful information and expectations to senior executives to aid in long-term and short-term decision

making
 Perform system analysis to identify any irregularities (such as wrong posting) and propose immediate corrective

actions to the Management.

 Review financial data and prepare monthly and annual reports

 Ensure compliance with internal control policies

 Collaborate with external auditors to ensure successful audit results and compliance

 Make recommendations for changes as needed and ensure that company policies and procedures are followed and

establishes the proper techniques to discover and prevent fraud

 Prepare detailed journal entries and account analyses

 Assist with compilation of information for preparation of tax returns

 Work with Audit, Tax to ensure overall coordination of all financial accounting activities through annual report

 Coordinate the Company's annual audit with the independent auditors

 Prepare summary feedback of financial statements variances to budget

 Actively review and advise on financial/accounting processes

 Track the company's financial status and performance to identify areas for potential improvement

 Seek out methods for minimizing financial risk to the company

 Preparation of all financial reports, including Profit and Loss Statement, Balance Sheet and Statement of Cash Flows,

as well as the year-end financial reports.

 Assisted Senior Management with budget preparation.

 Review budget requests with Senior Management to determine areas to reduce and expand.
 Maintained effective communication links with clients, banks, and managers regarding accounts available for monthly
audits.

ANZ Support services Ltd,India 10 Sep, 2014 to 17 July 2019 worked as an Assistant Manager/ Associate
Manager
Managing of Foreign Exchange Settlements for corporate & interbank clients for Aisa, EMEA& US region with
a Team size of 20+ Associates with 3 Team leads where core processes are Fx Settlements, Derivatives
settlements and Collateral Payments, Along with Project management, Risk Management of the said processes.

 Trade handling and exceptions to processing, tracking settlement details and resolving settlement issues liaising with

client/Middle/front office before value date on transactions

 High level knowledge of Swift messages –Customer transfer(MT103) and Cover Payments(MT 202) and other Swift

messages MT192, MT292, MT199/299, MT300, MT304 and MT320 swift Message types.

 Escalating any breach of procedure or unusual circumstances/concerns to business heads

 Error management by ensured robust controls are in place to prevent error from repeating.

 Preparing of Capacity utilization report, SAR reports, Weekly calls decks and Maintaining of KPI’s(Key performance

indicators), Incident reports and SLA(Service level agreements)

 Liaising with FO sales & Credit team for 3rd party Settlements

 Liaising with clients & internal referential Static team to fix the SSI’s issues so as to be ready to make the payment on

the intended value date

 Building a strong relationship across all global hubs with various teams like FO/MO/Client service and payments team

in the bank.

 Creating appropriate controls & matrix in place to manage operational risk on daily basis.
 Working closely with investigation team on the potential claims, back valuation & kick back of the funds payments.

 Ensure that the latest Process Updates/Changes are communicated to & understood by all team members and updated

in the Standard Operating procedures.

 Preparing Monthly deck to track internal and external issues and same presenting to Head of settlements.

 Proactively manage staff absenteeism and maintain professional work environment in BCP situation, escalate any

concerns to Line Manager.

 Continuous cross skill training of existing team members and right mentoring, training to new team members.

 Performance, appraisal & attrition management & Involved in Recruitment of new associates.

 Work with Risk assurance team on the Incident/ Impact Analysis within the processes.

 Driving Governance Call on Monthly basis to feedback business heads.

 Attending corporate clients’ feedback calls on monthly basis with Client service managers.

 Managing of UAT(user acceptance testing) on settlement applications Payplus ,Murex 2.1 & 3.1 ,IBM mainframe.

 Providing UAT feedback/results to applications support or development team (Payplus,Murex,IBM main frame).

Cognizant Technologies India Ltd. Dec- 2010 to Sept, 2014 as a Team Lead
Managing of Foreign Exchange Settlements team for corporate clients for EMEA region (UK and
European) clients & Managed Global reconciliation team for Nostro recs(8 Months migration) with
a team size of 15+ Associates

 Efficient work allocation among the associates and delegate appropriately as per the skill matrix.

 Preparing & Reviewing of SOPS (standard operating procedures) and managing and implying controls for betterment

of process making an error free process.

 Quality Tracker at Staff level-ensuring all internal errors and external errors are recorded on Incident portal with

Remediation and Sequence of events same report it to management within escalation time frame

 Ensuring timely and accurate settlements for all Non-STP transactions relating to designated client categories

(Platinum/Silver).

 Coordinating with Ops Client Data Management group and working closely with CRM teams for new/amended client

static impacting daily trade settlements.

 Engaging in team meetings, always striving for quality in the process and timely completion of all tasks assigned to

the team.

 Appraisal, Performance management review/feedback with Manager.

 As a part of migration of Nostro reconciliations from Infosys to Cognizant manage end to end tasks of

training/knowledge transfer to associates in rightly manner.

 Preparing of SAR(Settlement accounting reporting) ensuring all the Nostro breaks are investigated with precise audit

trail so same can be reported to all the Stakeholders or owner of those recs.

 Report all age old breaks which are critical and sensitive to senior management and stakeholders ensuring same get

cleared in appropriate time.

UBS AG India Ltd. Hyderabad, from June, 2007 to Dec, 2010 (3+ years).
Designation: Senior Associate
Part of Fx settlements team for corporate clients and Fx Prime brokerage settlements (UK region)

 Confirmation of FX trades through MT300 swift in applications like FX All, GTSS and Misys also via FAX before the

value date

 In case of discrepancy checking directly with Traders and MO to resolve them.

 Checking for the reconciliation of trades from Front office systems to Back office systems and correct any breaks

resolving thereof.

 Monitoring delays in confirmations & following up with escalation matrix.

 Sending request to Data Management team for client setup, when new client on boarding is done by FX Transactions

team.

 Settlement of FX Trades (Cash/NDF/NPV/ DVP ) products like Spot, Forward and Swaps on settlement date.

 Trade handling and exceptions to processing of UK & European Corporate clients settlement and resolving settlement

issues liaising with client/Middle/front office before value date on transactions

 Resolving issues and expediting processes required for trade settlement and monitoring failed trades and ensuring

timely resolution.

 Taking immediate corrective action on erroneous payments in order to eliminate/reduce the potential risk of financial

loss and reputational damage to the bank

 Coordinating settlement requests from clients for netting, gross payments.

 Settle the deals as per the agreement either in Gross and Netting.

 Driving manual payments processing and special payments like (DvP& Third party) for settlements (MT202 & 103)

 Sending notification reports to Collateral team with daily nett settlement amounts which will help them to check the

client Margins.

 Hands-on experience in Settlement Platform – Mysis, FXALL, GTSS, Omgeo Alert & Bloomberg

 Working closely with Confirmations, Investigations team on pre settlements and post settlements queries.

 Updating daily KPI’s & End of the Day reports which includes details of pending/completed volumes of business day.

 Testing applications and performing UAT (User Acceptance Test) and having an eye for detail.

 Training new joiners’ with process knowledge and related activities with strict adherence to SOPs (Standard

Operating Procedures) and updating them with latest initiatives taken up by the organization.

Material Software systems, India since April 2006 to May 2007 (1 year) as a financial
analyst/Junior accountant

 Major responsibilities are below

 Each expense must be cross-checked with the corresponding invoice, to ensure that the billing is accurate.

 Processes invoices, records payments, and track expenses of the company.

 Perform, monitor and track accounts receivable accounting activities including customers' accounts, invoices, billing

and transaction entries

 Summarizes current financial status by collecting information; preparing balance sheet, profit and loss statement, and

other reports.
 Prepares asset, liability, and capital account entries by compiling and analyzing account information.

 Documents financial transactions by entering account information.

 Reconciliation is performed monthly, quarterly, and at year-end closing for all company accounts books.

 Monitor timely payment activities to the various vendors/subcontractors and ensures that all the payments are

properly authorized.

ACHIEVEMENTS
 Part of MPE change champions team wherein team aimed to work towards STP of the all FX Interbank and Corporate
clients and migration of all the settlements from Legacy systems to Mx 3.11 application.
 Awarded with ANZ Change champion for successfully completion of Ops Project transformation from legacy system to
Murex 3.11 for settlements (Green belt project)
 Awarded with ANZ Thank you and Star Awards
 Awarded with UBS and Cognizant awards for Best team(Payments processing & Settlements) successfully for Three
quarters in year 2013 & 2014

DETAILS OF THE PROJECTS WORKED ON

Project Name: Ops and Middle office Project for Settlements automation in Murex 3.1 of Process-STP setup of clients
(Lean Six Sigma Project) for ANZ bank.
Role: Project lead from settlements
Product:Fx
 Migration from Legacy application IBM Main frame(MIDANZ) to Murext 3.1 where moved all Fx Interbank and Fund
managers (CLS & Non-CLS)by performing UAT over the months with project team and ensuring every exception and
scenario captured during the UAT time and providing feedback to Murex project team about any challenges and
enhancements to be done in the new application.
 Achievements
 Straight thru processing of various FX Treasury clients, Reduces less manual work and achieve less Error financial
costs to the process.
 Post this Automation the STP rate has moved to 90% from 30% which has given scope to provide netting/Gross to
more and more Fx clients in efficient manner, less settlements fails and as open up other asset classes to move into
this automation space
Project Name: Automation of Process-STP setup of clients (Lean Six Sigma Project)
Client: UBS AG London (FXMM Ops)
 Automation and setting up of Static for straight thru processing of various FX Treasury clients, Reduces less manual
work and achieve less Error financial costs to the process.
 Extracting of client static (account numbers) which involves more manual processing.
 Identify the source of Standard settlements instructions like Omego alerts, MT300 Swift, PDF format, Fax.
 Getting updated Settlement instructions from various clients, forwarding the same to the SSI’s team to setup
accordingly in the static data. Once it is setup is done, need to check the static. Then setup those clients as STP.

Education
 Master in Business Administration, finance management from Osmania University (2005)
 Bachelor’s Degree in Commerce from Osmania University (2002)
Personal Profile:
Father’s name: Syed Abbas Hussain
Languages Known: English, Hindi, and Telugu & Urdu
Nationality: Indian
Passport number: Z4998529
Marital Status: Married
Present Address: Zone 17, street no: 830, Old Salata, Building no: 35,Ezdan eb 11, B1
308, Doha, Qatar.
Permanent Address: 6-2-164/7, Duncan’s Aisa avenue flat 201, Suncity, P&T colony, Bandlaguda
jagir, Hyderabad, Telangana