VARUN PANDAY

[email protected] │ 416-737 -8804 │ ca.linkedin.com/in/varunpanday

SUMMARY PROFILE:  Strong people management skill

·        Managed Financial Advisors across Canada by way of coaching and developing

·        Negotiate with vendors to build effective collaboration and prevent losses

·        Reduced risk and costs to firm through implementation of strategies

·        Effective inter-departmental collaboration combined with strong analytics

·        Worked with Director and VP on critical issues

KEY STRENGTHS

Client Relationship Management │ Risk Management │Equities/Fixed Income/Mutual Funds/FX│ Entrepreneurial │ Microsoft Suite │ Vendor Knowledge: Bloomberg, ADP, CDS, DTC, Euroclear/ Fundserv

professional experience
Team Lead • Toronto, ON

Bank of Montreal / Global Cash Management/ Capital Markets                                                              May 2017 – Nov 2017

·        Daily interaction with the Director of Fixed Income/Commodities (Chicago base) monitoring and consolidation of cash flow in and out of the firm and reporting the bank’s final position to the trading product front desk for an investment /borrow perspective.

·        Accountable for providing leadership and guidance in the development and execution of goals and objectives regarding employee performance, business delivery and operational effectiveness

·        Maintain relationships with industry contacts (internal and external), regulatory officials and external consultants for purposes of enhancing business effectiveness within the scope of accountability.

·        Maintain key controls and review process, where applicable, to ensure operating integrity, comply with internal and external regulators, involving an understanding of regulatory and compliance requirements

Senior Trade Operations • Mississauga, ON

Edward Jones / Mutual Funds/Equities/Fix Income   Mid – Office
June 2008 – May 2017
·        Managed financial advisors across Canada by way of Risk Mitigation, negotiations with vendors and conflict resolutions between the Financial Advisors, Head Office and the Mutual Fund Companies

·        Monitored trades executed by financial advisors and prevent losses due to wrong trades by capturing  trades before market closes and make the necessary adjustments such as correct currencies or correct account

·        Provided excellent support for Equity Trade, Fixed Income and make adjustment on Bondnet. Coupon changes, principal adjustments, buys and sells on Bondnet while making commission changes, principal changes, currency changes from USD/CDN etc. for Equities

·        Mitigate risks of Buys of over $1 million along with systems testing. Assist in the implementation of procedural improvements and system enhancements by using Broadridge/Fundserv

·        Provided inter-departmental assistance, training US Counterparts on Canadian markets and mentoring junior associates and assist Team and Department leader on projects when needed

Supervisor • Toronto, ON

Blackmont  Capital                                                                                                                                         Dec 2006 – Feb 2008

·         Managed five associates while team building, motivating and assisting manager

·         Revamped the functionality of the Reconciliation desk and created contact base from scratch

·         Liaison with firms Managers to resolve Departmental Reconciliation issues such as departments financial outage and where the outages can be found

·         Performed due diligence and detailed financial analysis to balance off the USD and CDN clearing accounts by                                                                                                                                                           discovering and resolving a 8 million dollar outstanding discrepancy

Fixed Income Bonds/Coupons • Toronto, ON

TD Securities
May 2005 – June 2006
·       Handled cash books for traders and evaluating the domestic and international coupons using Bloomberg when necessary and their rates by making sure cash books and Bond inventory are balanced for the Bond Traders for the following day trading

·       Performed necessary reconciliation in a timely manner through various custodians such as Euroclear by making sure the accounts are in balance for the next day trading

Trade Settlement  – DTC • Toronto, ON

TD Waterhouse
Oct 2003 – Feb 2005
·        Confirmed accuracy of trades by cross checking information and identifying and investigate any discrepancies, liaising with the account managers to bring about any resolution

·        Maintained efficient and timely settlements of trades while balancing trades using procedural conduct and provide backup support when needed while ensuring risks are minimized

·        Applied market knowledge to identify and appropriately respond to large transactions or unusual flows

Securities Lending  • Toronto, ON

RBC Financial Services
Dec 2001 – Sept 2003
·       Daily interface with securities lending systems to ensure securities on loan are received from correspondent brokers before the markets close thus preventing over or under exposure of portfolios both in Canada and US

·       Constant monitoring of international securities on loan in conjunction with our London offices. Additional investigation of securities whereabouts when needed along with the appropriate action to prevent financial losses

·       Ensured that securities lending arrangements adequately balance the risks and return to the bank while having the ability to identify, analyze and communicate the key issues and propose solutions, including securities lending mitigation remedies

Money Markets Specialist • Toronto, ON

CIBC Mellon
Mar 1999 – Dec 2001
·       Ensured daily processing of global and domestic securities and foreign exchange transactions according to strict time lines for Term Deposits, commercial papers or Canadian Bonds without any monetary loss

·       Handled incoming/outgoing wire transfers of currency between accounts in Canada, United States and Foreign Markets by providing accuracy and meeting strict international time deadlines

·       Interpret and complete extensive analysis on instructions received and able to logically conclude the appropriate course of action to ensure timely market settlement and reduced market exposure domestically and globally

education
York University • Toronto, ON

·       Bachelor of Economics (Hons)

·       B.Com

·       Investment Banking Institute • Toronto, ON

·       Canadian Securities Institute • Toronto, ON | (2018)

VARUN PANDAY

[email protected] │ 416-737 -8804 │ ca.linkedin.com/in/varunpanday

SUMMARY PROFILE:  Strong people management skill

·        Managed Financial Advisors across Canada by way of coaching and developing

·        Negotiate with vendors to build effective collaboration and prevent losses

·        Reduced risk and costs to firm through implementation of strategies

·        Effective inter-departmental collaboration combined with strong analytics

·        Worked with Director and VP on critical issues

KEY STRENGTHS

Client Relationship Management │ Risk Management │Equities/Fixed Income/Mutual Funds/FX│ Entrepreneurial │ Microsoft Suite │ Vendor Knowledge: Bloomberg, ADP, CDS, DTC, Euroclear/ Fundserv

professional experience
Team Lead • Toronto, ON

Bank of Montreal / Global Cash Management/ Capital Markets                                                              May 2017 – Nov 2017

·        Daily interaction with the Director of Fixed Income/Commodities (Chicago base) monitoring and consolidation of cash flow in and out of the firm and reporting the bank’s final position to the trading product front desk for an investment /borrow perspective.

·        Accountable for providing leadership and guidance in the development and execution of goals and objectives regarding employee performance, business delivery and operational effectiveness

·        Maintain relationships with industry contacts (internal and external), regulatory officials and external consultants for purposes of enhancing business effectiveness within the scope of accountability.

·        Maintain key controls and review process, where applicable, to ensure operating integrity, comply with internal and external regulators, involving an understanding of regulatory and compliance requirements

Senior Trade Operations • Mississauga, ON

Edward Jones / Mutual Funds/Equities/Fix Income   Mid – Office
June 2008 – May 2017
·        Managed financial advisors across Canada by way of Risk Mitigation, negotiations with vendors and conflict resolutions between the Financial Advisors, Head Office and the Mutual Fund Companies

·        Monitored trades executed by financial advisors and prevent losses due to wrong trades by capturing  trades before market closes and make the necessary adjustments such as correct currencies or correct account

·        Provided excellent support for Equity Trade, Fixed Income and make adjustment on Bondnet. Coupon changes, principal adjustments, buys and sells on Bondnet while making commission changes, principal changes, currency changes from USD/CDN etc. for Equities

·        Mitigate risks of Buys of over $1 million along with systems testing. Assist in the implementation of procedural improvements and system enhancements by using Broadridge/Fundserv

·        Provided inter-departmental assistance, training US Counterparts on Canadian markets and mentoring junior associates and assist Team and Department leader on projects when needed

Supervisor • Toronto, ON

Blackmont  Capital                                                                                                                                         Dec 2006 – Feb 2008

·         Managed five associates while team building, motivating and assisting manager

·         Revamped the functionality of the Reconciliation desk and created contact base from scratch

·         Liaison with firms Managers to resolve Departmental Reconciliation issues such as departments financial outage and where the outages can be found

·         Performed due diligence and detailed financial analysis to balance off the USD and CDN clearing accounts by                                                                                                                                                           discovering and resolving a 8 million dollar outstanding discrepancy

Fixed Income Bonds/Coupons • Toronto, ON

TD Securities
May 2005 – June 2006
·       Handled cash books for traders and evaluating the domestic and international coupons using Bloomberg when necessary and their rates by making sure cash books and Bond inventory are balanced for the Bond Traders for the following day trading

·       Performed necessary reconciliation in a timely manner through various custodians such as Euroclear by making sure the accounts are in balance for the next day trading

Trade Settlement  – DTC • Toronto, ON

TD Waterhouse
Oct 2003 – Feb 2005
·        Confirmed accuracy of trades by cross checking information and identifying and investigate any discrepancies, liaising with the account managers to bring about any resolution

·        Maintained efficient and timely settlements of trades while balancing trades using procedural conduct and provide backup support when needed while ensuring risks are minimized

·        Applied market knowledge to identify and appropriately respond to large transactions or unusual flows

Securities Lending  • Toronto, ON

RBC Financial Services
Dec 2001 – Sept 2003
·       Daily interface with securities lending systems to ensure securities on loan are received from correspondent brokers before the markets close thus preventing over or under exposure of portfolios both in Canada and US

·       Constant monitoring of international securities on loan in conjunction with our London offices. Additional investigation of securities whereabouts when needed along with the appropriate action to prevent financial losses

·       Ensured that securities lending arrangements adequately balance the risks and return to the bank while having the ability to identify, analyze and communicate the key issues and propose solutions, including securities lending mitigation remedies

Money Markets Specialist • Toronto, ON

CIBC Mellon
Mar 1999 – Dec 2001
·       Ensured daily processing of global and domestic securities and foreign exchange transactions according to strict time lines for Term Deposits, commercial papers or Canadian Bonds without any monetary loss

·       Handled incoming/outgoing wire transfers of currency between accounts in Canada, United States and Foreign Markets by providing accuracy and meeting strict international time deadlines

·       Interpret and complete extensive analysis on instructions received and able to logically conclude the appropriate course of action to ensure timely market settlement and reduced market exposure domestically and globally

education
York University • Toronto, ON

·       Bachelor of Economics (Hons)

·       B.Com

·       Investment Banking Institute • Toronto, ON

·       Canadian Securities Institute • Toronto, ON | (2018)