Ankush Bedi
Gurgaon
Summary
Versatile Manager adept in Controllership,internal control,product control,Securitization,USGAAP and IFRS reporting and financial analysis. Proficient in preparing financial statements, monitoring controls and completing closings. Highly detail-oriented, proactive and diligent.
Overview
14
14
years of professional experience
Work History
Manager - Europe Legal Entity Controllership
Bank of America (BA Continuum India Private Limited)
Delhi
2021.06 - Current
- Controllers for BofA Dublin headquartered EMEA banking entity as primary arm of BAC Europe Global and Investment Banking operations and handling financial reporting, IFRS accounting and submission to Central Bank of Ireland (CBI).
- Preparing & analyzing USGAAP and IFRS based PL & BS for periodical presenting to Board and further submission to regulator (CBI).
- Annual financial statement preparation for the entity along with notes to accounts for Board review and further submission to auditors.
- Liasioning with LOB BFCs to ensure movement are well analysed and commented upon.
- Ensuring correct translation from US GAAP to IFRS for local reporting submissions through journals and reconciliations.
- Submitting various regulatory returns to US regulators and others like FR2314 and Finrep returns.
Assistant Manager - Global Reconciliation Governance
Bank of America (BA Continuum India Private Limited)
Delhi
2018.09 - 2021.05
- I was part of Global reconciliation governance team (GRG) within the CFO OR&C is an internal control established for providing enterprise-wide reconciliation governance model encompassing company level reconciliation requirement & driving compliance to enterprise-wide control policies & standard.
- Reviewing reconciliation for Controllership, Product control, Treasury, Reg Reporting and other finance core areas to evaluate and report control points around the reconciliation process.
Assistant Manager - Group Treasury - Securitization & Ulster Bank Controllership
Royal Bank of Scotland
Delhi NCR
2015.07 - 2018.09
- Prepared and validated IFRS financial statements and prepared note-wise variance analysis for 3 legal entities.
- Performed Balance Sheet, Profit & Loss substantiation and end to end control for legal entities on a monthly basis.
- Performed period end ledger close activities - journal preparation, account & source system reconciliation.
- Implemented new GAAP and regulatory requirements, examined accounting records and produced regulatory reports for Central Bank of Ireland and Bank of England.
- Validated IFRS financial statements and prepared note-wise variance analysis for 9 legal entities.
- Prepared the monthly BS and P&L flash management report explaining the movements in financial instruments like bonds, loans, mortgages, interest rate derivatives and cross currency derivatives.
- Led a business initiative to wind up legal entities and performed P&L impact analysis for management reporting along with set up of new entity.
- Supported and fulfilled real time queries and new business initiatives including setting up of a new legal entity.
- Assisted in regulatory audit closure, addressed queries from management and front office for timely delivery of business unit results.
Senior Analyst - Product Control/Trade Control
Royal Bank of Scotland
Delhi NCR
2012.04 - 2015.06
- To prepare/review the daily PNL as an associated processes for relevant location related to GDS and Calypso system & adjust the Pnl on daily basis.
- To prepare balance sheet substantiation, attestation and control of ledger books and cost centers for all allocated business, ensuring that all balances are validated and explained.
- To ensure the monthly revenue and balance sheet commentaries are aligned to business structure and strategies.
- To ensure data integrity in the source system feeds to the general ledger.
- Ensuring resolution of P&L and balance sheet breaks on daily basis so that the trading systems and the IDT ledger reflect the correct position of the trades.
Senior Financial Analyst - Global Accounting Reconciliation
American Express India FCE
Delhi NCR
2010.07 - 2012.04
- Responsible for Research and Clearance General ledgers and bank accounts of AEXP and ensuring timely clearance of the same.
Education
Master in Business Administration (Finance) -
Apeejay School of Management
01.2010
Bachelor of Commerce in Finance -
D.A.V College
01.2007
US CMA - Finance And Accounting
Institute of Management Accountants
USASkills
- USGAAP
- IFRS
- Legal Entity Controllership
- Internal Controls
- Securitization
- Month end close
- Derivatives
- Regulatory reporting
- Statutory reporting
- Product Control
- Reconciliation
- Tableau
- Alteryx
- Oracle
- SAP
Locations
- Gurgaon, HR
- Delhi
- India
Degrees
- M.B.A
- B.Com
Personal Information
Date of Birth: 03/24/86
Languages
English
Timeline
Manager - Europe Legal Entity Controllership
Bank of America (BA Continuum India Private Limited)
2021.06 - Current
Assistant Manager - Global Reconciliation Governance
Bank of America (BA Continuum India Private Limited)
2018.09 - 2021.05
Assistant Manager - Group Treasury - Securitization & Ulster Bank Controllership
Royal Bank of Scotland
2015.07 - 2018.09
Senior Analyst - Product Control/Trade Control
Royal Bank of Scotland
2012.04 - 2015.06
Senior Financial Analyst - Global Accounting Reconciliation
American Express India FCE
2010.07 - 2012.04
Master in Business Administration (Finance) -
Apeejay School of Management
Bachelor of Commerce in Finance -
D.A.V College
US CMA - Finance And Accounting
Institute of Management Accountants
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