Manchit Asher
Singapore
Summary
Talented, self-driven and dynamic professional with experience in banking & finance, client service, futures, clearing & collateral management (Acadia, Algo, Calypso, Cloud Margin, Aladdin), collateral portfolio reconciliations (TriResolve/Trioptima), Middle Office, New Client Implementations, rates confirmations, client valuations & operations. Dedicated and presentable personality with hands-on knowledge of Derivative products and understanding of ISDA, CSA & GMRA guidelines. Understanding and implementation of latest collateral margin regulatory requirements for Uncleared Derivatives. Excellent communication, coordination, analytical, problem solving, time management, interpersonal and leadership skills utilized in Transforming operational tasks. Demonstrated skills in achieving satisfying results and performing in pressurized work units. Proven record of professional achievements, awards and excellent performance. Regulatory reporting experience with MAS/MIFID/Agency Business. Over 15+ years of operational experience in Transforming processes/Mentoring people/Leading regional & global projects. Forward-thinking Vice President of Operations dedicated to continuous business improvement focused on enhancing revenue and streamlining business operations. Diligent in driving profit maximization through multifaced business approaches.
Overview
16
16
years of professional experience
Work History
Vice President
Citibank
12.2020 - Current
- Vetting of legal agreements (CSA,CSD,GMRA,GMSLA) from a collateral management/Security lending operation perspective to ensure client expectation matches system capabilities
- Provide viable and sustainable solutions to support the end client & Business needs
- Provide direction to business unit’s strategic initiatives, support clients on ISDA Uncleared Margin Rules (UMR) by providing effective solutions and ensure smooth onboarding of new clients
- Collaborate with Technology, Operations group and business units to manage enhancements and new client implementations
- Provide ongoing assessment and awareness of the regulatory environment and the bank’s adherence to the regulations applicable locally and globally
- Collaborating with overseas branches and subsidiaries, providing oversight on collateral management processes
- Producing daily/weekly/monthly KPIs for internal & external clients
- Robust Risk & Control/Escalation framework developed to reduce operational risk events
- People management Onshore (3 members) and Oversight Offshore (4 members) teams
- Cultivated strong relationships with key stakeholders, including customers, vendors, regulators, and community leaders to promote collaboration and long-term success.
- Led cross-functional teams for the successful completion of major projects, resulting in increased efficiency and client satisfaction.
- Demonstrated proficient leadership skills to motivate employees and build competent teams.
- Collaborated with senior management to develop strategic initiatives and long term goals.
- Product Development by providing effective solutions to enhance the overall client experience.
Assistant Vice President
Citibank
08.2018 - 12.2020
- Provide viable and sustainable solutions to support the end client & Business needs
- Provide direction to business unit’s strategic initiatives, support clients on Uncleared Margin Rules (UMR) by providing effective solutions and ensure smooth onboarding of new clients
- Managing daily processing activities for collateral management
- Established a high-performance culture within the team by setting clear expectations and providing regular feedback on individual performance contributions.
- Collaborated closely with executive leadership to align department goals with overall company objectives, resulting in stronger organizational cohesion.
- Managed a diverse portfolio of projects, ensuring that each project met established quality standards and delivered expected results on time and within budget.
- Enhanced collaboration between team members by implementing innovative communication tools and fostering an open dialogue culture.
Collateral Management Associate
The Royal Bank of Scotland Plc
04.2016 - 08.2018
- Process daily Margin Calls for OTC, Repo, Futures and Clearing clients within the notification time as per CSA/GMRA
- Provide excellent client service in the form of handling client queries, on-boarding new CSA or products such as repo agency service
- Ensure all portfolios are reconciled as frequently as required by regulatory authorities
- For example: MAS, EMIR, Dodd Frank
- Established escalation procedures to report any exposure differences of more than $50 million on a daily basis
- Monitor and report all differences at both a trade level and a portfolio level of greater than 10%
- Manage daily and weekly portfolio reconciliations owned by the group, ensuring all breaks are investigated and appropriate records are maintained and archived
Client Valuations Analyst
The Royal Bank of Scotland Plc
06.2014 - 04.2016
- Preparation and distribution of Client Mark-to-Market Valuation statements for Markets’ clients
- Acting as the first point of contact for valuation statement related issues, ensuring relevant parties are informed
- Responsible for notifying Compliance and Legal annually of the need to carry out the review of the valuation disclaimer Sales
- Acting as escalation point of contact for Valuation issues with respect to valuation statements
- Acting as counsel where changes to the client valuation statement offering are being implemented
Client Service Analyst
The Royal Bank of Scotland Plc
01.2013 - 05.2014
- Drafting confirmations for OTC products including new types of products or sample confirmation prior to actual trades, including structured and Vanilla products
- Interacting with counterparties, Middle Office, Front Office and Legal department to ensure the timely and accurate execution of confirmations
- Monitoring trade volume, outstanding confirmations, affirmation status and matching status on DTCC/Trioptima to mitigate and control risk as well as to meet Fed Target
Client Service Analyst
The Royal Bank of Scotland Plc
09.2008 - 09.2010
- Matching SWIFT messages with Middle Office Booking Systems
- Raising Queries with Front Office, Middle Office or Legal
- Cross-training team on reading and understanding SWIFT messages
- Monitoring High Aged deals and getting them resolved to meet FED targets for the Bank
Education
NSE Certification - Financial Markets
National Stock Exchange of India
01.2011
Bachelor of Commerce - Banking & Insurance
Mumbai University
01.2008
Skills
- Communication
- Coordination
- Time Management
- Client Services
- Client Implementations
- Relationship Management
- Negotiation Skills
- Interpersonal
- Leadership
- Team Building
- Team Management
- Operational Skills
- Reporting & Problem Solving Skills
- Regulatory Knowledge
- MS Office
- Basic VBA skills
- Critical Thinking
Languages
English
Hindi
Locations
- Singapore, Singapore
- Mumbai, Maharashtra
Status
Singapore Permanent Resident
Awards
- Excellent Client Service, 2013, The Royal Bank of Scotland PLC
- Process Simplification, 2015, The Royal Bank of Scotland PLC
- Problem Solving & Implementation, 2015, The Royal Bank of Scotland PLC
- Successfully trained staff of 8 and completed transition of Collateral Portfolio Reconciliations process from The Royal Bank of Scotland PLC, Singapore to India, 2017
- Promoted to Vice President APAC Collateral Management, 2020
Profile Snapshot
- Vice President, APAC Collateral Management Operations, Citibank, Singapore, 12/20, Present
- Assistant Vice President, Collateral Management, Citibank, Singapore, 08/18, 12/20
- Collateral Management Associate, The Royal Bank of Scotland Plc, Singapore, 04/16, 08/18
- Collateral Portfolio Reconciliation, Data Management New Business Analyst, The Royal Bank of Scotland Plc, Singapore, 06/14, 03/16
- Client Valuations Analyst, The Royal Bank of Scotland Plc, Singapore, 01/13, 05/14
- Client Service Analyst, The Royal Bank of Scotland Plc, Singapore, 10/10, 12/12
- Client Service Analyst (Derivative Rates - SWIFT Matching), The Royal Bank of Scotland Plc, India, 09/08, 09/10
Timeline
Vice President
Citibank
12.2020 - Current
Assistant Vice President
Citibank
08.2018 - 12.2020
Collateral Management Associate
The Royal Bank of Scotland Plc
04.2016 - 08.2018
Client Valuations Analyst
The Royal Bank of Scotland Plc
06.2014 - 04.2016
Client Service Analyst
The Royal Bank of Scotland Plc
01.2013 - 05.2014
Client Service Analyst
The Royal Bank of Scotland Plc
09.2008 - 09.2010
Bachelor of Commerce - Banking & Insurance
Mumbai University
NSE Certification - Financial Markets
National Stock Exchange of India
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