Sumita Daniella Zelia
Mahe
Summary
Settlement professional with comprehensive background in managing financial transactions and resolving discrepancies. Known for meticulous approach to ensuring compliance and accuracy, contributing to seamless operations. Valued for strong collaboration skills and results-driven mindset, adapting effectively to dynamic environments.
Overview
16
16
years of professional experience
1
1
Certification
Work History
Senior Settlement Officer
Central Bank of Seychelles
01.2022 - Current
- Executed all activities pertaining to trade settlement through planning and problem solving
- Ensured all operations within the Trade settlement unit are managed efficiently
- Ensured the development of Settlement operation through system implementation and proper procedural documentation
- Have the required knowledge of complex system and understanding of the interrelationship with other systems
- Involved in forward planning, organising and conceptual problem solving and provided input to strategic planning
- Provided specialist information and/or advice to others on matters relating to their area of expertise
- Made interpretative decisions within the limits set by a project, plan, policy or budget and decisions are often about the best use of resources in order to achieve agreed plans / target
- Guided more junior staff in the execution of activities and coordinated the deliverables of more junior staff supporting the execution of tasks for which s/he is responsible and assisted them to develop their skills
- Provided solutions/approaches to most challenges or problems barring those of high complexity/risk
- Ensured the preparation of daily, monthly, quarterly and yearly statements, statistics and reports for the Trade settlement unit
- Took decisions in respect of all day to day back office issues in consultation with relevant stakeholders
- Coordinated contributions relating to the unit’s input to the bank’s annual budget
- Oversaw the coordination of the start of day and end of day processes of systems relevant to the unit and other systems
- Reported major risk events to the risk management unit and coordinating with others within the division to improve on any operational weaknesses identified
- Played an active role in the implementation of the CSD and RTGS project
- Acted as the main contact point with the external auditors in providing audit related information relating to the unit
- Prepared first drafts and updated policies and procedures relating to the unit
- Ensured CORE Banking, PAT II and SWIFT systems’ daily functionality
- Verified daily reconciliation of portfolios and make relevant adjustment
- Oversaw the dissemination of relevant portfolio statements/reports
- Contextualized interactions for different clients/stakeholders
- Prepared briefings and presentations presented to internal meetings of the division and internal stakeholders/clients
- Took initiative to stay current with new forms, templates, tools, national and international legislation, methods or technologies in areas of work by reading, talking to others, attending courses, or by experimenting with new approaches e.g
- Attending workshops and forums, forming relationships with experts in the field
Settlement Officer
Central Bank of Seychelles
04.2017 - 12.2021
- Settled financial market instruments (such as money market, securities, Foreign exchange trades)
- Identified trade discrepancies and unmatched trades as well as mitigating the risks related to the trade life cycle
- Reconciled securities movements
- Acted as authoriser for the Back-Office operations transactions relating to Trade Settlement
- Adhered to money market cut-off times and processes
- Administered money market instruments
- Assisted the Senior Settlement & Accounts Officer in the coordination and preparation of any monthly, quarterly and yearly statements, statistics and reports relating to all Trade Settlement transactions and systems
- Assisted Senior Settlement & Accounts Officer in the decision-making process in respect of all day-to-day Trade Settlement operations related issues in consultation with other Officers
- Oversaw the day-to-day PAT II, CORE Banking and SWIFT systems’ functionality and ensured that all back office operations processes and transactions have been completed efficiently
- Authorised/Verified/Created the daily reconciliation of all Treasury related accounts in PAT II and Core banking and ensure the smooth daily dissemination of relevant account statements and other reports
- Contributed to the preparation of the Bank’s annual budget for review by the Senior Settlement & Accounts Officer /HOD before submission to the Board
- Assisted Senior Settlement & Accounts Officer in supervising, training and coaching junior staff in the unit and where relevant, across other units
- Completed the half‐yearly and full year performance review and provide regular feedback to staff
- Liaised closely with the front office section to ensure that all Back-Office operations transactions are accounted for in a timely manner
- Assisted Senior Settlement & Accounts Officer in reporting major risk events to the middle office team and coordinate with other Officers within the Division to improve on any operational weaknesses identified
- Assisted with the Start of Day/End of Day processes of the PAT II/CORE Banking System and other systems
- Stayed abreast of all settlement development and requirements relating to the Trade Settlement operations of the Central Bank, and understood and applied these requirements
- Acted as the secondary contact point with the External Auditors in providing audit related information relating to Trade Settlement operations
- Assisted the Senior Settlement & Accounts Officer to coordinate with other relevant Divisions with the aim to provide effective and timely support to our internal and external stakeholders that interact with us and/or make use of our Back-Office operations facilities
- Assisted in project related activity that has a direct or indirect impact on all Back-Office operations
Assets Agent
Seychelles Financial Intelligence Unit
11.2015 - 03.2017
- Carried out investigations into Criminal conduct for the purpose of civil asset recovery & criminal prosecutions and gather financial intelligence at both National and International Level as instructed by the Director
- Carried out Financial Analysis
- Conducted analysis of Suspicious Transaction Reports submitted by reporting Entity, government institution or agency in Seychelles or any other state about suspicion of an offence under the Anti-Money Laundering Act 2006
- Compiled detailed accurate reports for the Legal officer in support of legal actions to be taken with respect to civil asset recovery
- Liaised with Interpol, Egmont and other external agencies on a regular basis regarding the exchange of intelligence
- Liaised with key domestic stakeholders for the purposes of advancing investigations
- Responsible for the care, maintenance and integrity of all cases files and associated material under my control
Finance Business Partner
Barclays Bank Seychelles
04.2015 - 10.2015
- Company Overview: Took over by ABSA-effective 10th February 2020
- Provided data analysing of key income, impairment and cost drivers, including benefit management of projects to support decision making within the Business
- Carried out analysis, summarised performance and prepared commentaries and presentations of financial and non-financial performance
- Supported Management in their information and performance analysis requests
- Monitored actual performance of Barclays Bank against target, analysed variances, both on an entity and functional basis
- Worked on scenarios to produce reports that enable the quantification of impact of changes in economic variables (interest, exchange rates, inflation) on the Bank’s performance
- Created easy to use focused management information to drive performance
- Highlighted data anomalies and work with other teams to improve data integrity
- Assisted in preparing the Bank’s annual Budget and revised annual forecasts
- Assisted in the cascade of performance targets and results
- Ensured reports from non-financial MI Team are of the utmost integrity and have audit trail, explained the source of data and how it has been filtered and aggregated
- Supported audit process by reviewing audit schedules, and liaised with auditors regarding performance and financial statements
- Supported the business in the production of specific technical elements of management accounts including Regulatory & statutory Reporting and the provision of core on going accounting operations, like monitoring the recharges, accrual process and General Ledger Control
Finance Business Analyst
Barclays Bank Seychelles
Mahe
04.2012 - 03.2015
Corporate Performance Analyst
Barclays Bank Seychelles
Mahe
10.2008 - 03.2012
Education
Bachelor Degree - Business Management with Finance Specialisation
Bangalore University
07.2008
Cambridge A Levels - Business Studies, Geography, Principles of Accounts
Seychelles Polytechnic
12.2003
Cambridge O Levels - French, Geography, Principles of Accounts, English Language, Mathematics, Chemistry, Physics, Economics, Biology
Seychelles Polytechnic
12.2001
Skills
- Leadership
- Financial Analysis
- Business Analysis
- Budgeting
- Banking
- Financial Planning
- Data Analysis
- Cash Management
- Trade Settlements
- Swift payments
- Financial Markets
- Treasury Back office
- Communication
- Team work
- Accounting
- Reconciliations
- Attention to Detail
- Multitasking
- Reliability
Certification
- ICA Advanced certificate in practical Customer Due Diligence, 12/01/16, Distinction
- ACI operations Certificate, 06/01/18, Distinction
Languages
English
French
Creole
Hobbies and Interests
- Reading books
- Travelling
- Networking
- Photography
References
- Ms. Moyra Alexis, Head of Financial Markets Division, Central Bank of Seychelles, moyra.alexis@cbs.sc, +248 4282008
- Mr. Egbert Laurence, Head of Business Banking, Barclays Bank Seychelles/ABSA, Egbert.Laurence@absa.africa, +248 4383948
Timeline
Senior Settlement Officer
Central Bank of Seychelles
01.2022 - Current
Settlement Officer
Central Bank of Seychelles
04.2017 - 12.2021
Assets Agent
Seychelles Financial Intelligence Unit
11.2015 - 03.2017
Finance Business Partner
Barclays Bank Seychelles
04.2015 - 10.2015
Finance Business Analyst
Barclays Bank Seychelles
04.2012 - 03.2015
Corporate Performance Analyst
Barclays Bank Seychelles
10.2008 - 03.2012
Cambridge A Levels - Business Studies, Geography, Principles of Accounts
Seychelles Polytechnic
Cambridge O Levels - French, Geography, Principles of Accounts, English Language, Mathematics, Chemistry, Physics, Economics, Biology
Seychelles Polytechnic
Bachelor Degree - Business Management with Finance Specialisation
Bangalore University
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