Musaddik Peshimam
Senior Operations Manager at Kuwait Investment Company- Claim this Profile
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Experience
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Kuwait Investment Company
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Investment Management
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1 - 100 Employee
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Senior Operations Manager
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Jul 2013 - Present
• Managed, organized, and structured settlement activities for, Capital Market trades, treasury and money market trades, FX transactions and processing payments for syndicated loans, and pass the accounting entries in the system. • Established and maintained company bank accounts in local, regional, and global markets and pass the relevant accounting entries. • Ensured proper compliance with the department's policies and procedures, as approved by the Board and the requirements of the regulators • Managed and monitored the department staff to ensure that they were resourceful enough to enhance their skills to improve the department’s functionality. • Coordinated with the Treasury dept, the asset management dept, the portfolio management and the finance dept to streamline operations controls and operations solutions. Show less
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NBK Capital
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Kuwait
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Financial Services
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100 - 200 Employee
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Assistant Vice President Operations
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Sep 2007 - Jun 2013
Operations - Brokerage Department: • Ensured all trades booked adhere to applicable regulations and compliance standards and client accounts are up to date and correct. • Analyzed, investigated, and actioned outstanding issues and ensure quality service and effective operations support to internal and external clients. • Developed/maintained back-office procedures manual to maintain clear communication of operational procedures to all stakeholders including staff. • Contributed to the design/implementation of new operations controls and systems to improve back-office control processes and improve the speed and reliability of the information. • Solicited feedback from auditors to identify weaknesses in the operations office and work to address such weaknesses. • Ensured all regulatory reports are prepared accurately and submitted on time. • Team Leadership: Lead and managed the performance of operations staff creating a team environment where people are clear about what is expected of them and have the performance feedback, they need to continuously improve their performance; Manage the recruitment, selection and ongoing training and development of operations staff. Show less
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Assistant Manager (Operation Department)
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Apr 1998 - Jun 2006
• Executed operational activities to settle trades of Local & Int’l capital and financial Securities, which involved custody operations, cash settlements and communication with the custodians, the settlement agents, and the banks for fund transfers. • Supervised global securities lending, with borrowers and custodians • Performed daily reconciliation and follow up on all the Nostro Bank account & Custodians account • Coordinated with and supported the portfolio manager to manage client’s, financial portfolio account, executed injections/withdrawals, interest and dividends, corporate actions, expenses fees, and preparing the periodical reports. Show less
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Education
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Mudurai Kamaraj University
Bachelor’s Degree, Business Administration