Chirag Shukla
Mumbai
Summary
A result oriented Professional with 14+ years of extensive experience in Banking and Finance sector which includes core exposure towards: Financial Planning and Analysis role (FP&A role) for Corporate and Investment Banking includes underlying revenue driver based planning, forecasting and budgeting analysis for Trade Finance and Lending, Deposits, Overdrafts etc. Product control function includes month end closing of books, Balance Sheet Substantiation, Management reports includes Balance sheet and PNI highlights etc. Client Analytics includes Credit risk analysis and Risk Weight Assets (Basel norms) review Regulatory reporting includes Key IFRS disclosure called IFRS 9, IFRS 7, IFRS 12 plus European Central bank Covid 19 revenue and BS reporting Proven ability in project management activities including project reviews, progress tracking, status reporting, change, control, etc. Knowledge of various reporting and Business Intelligence tool/system includes Essbase, GGL rep+, Qlickview/Qlick Sense/HRBS, Tableau, Microstrategy, MS Office and Interactive excel based dashboard skill, CVM (client Value Matrix) tool.
Overview
16
16
years of professional experience
Work History
Assistant Vice President
DB International Private Bank( IPB - Emerging Markets)
Mumbai
10.2022 - Current
- Collaborate with stakeholders to understand business requirements for performance reports and dashboards for Relationship Manager/Bankers, including revenue performance by product, region, and RM.
- Understand interest and fee revenue drivers, such as the cost of funds, which includes treasury costs in the case of lending to clients; the value of funds, which includes the interest rate charged to clients; upfront fees; and external asset manager charges.
- Prepare monthly, quarterly, and annual reports on actual versus budget comparisons.
- Manage revenue budgeting, planning, forecasting, and variance analysis for the subregion/products.
- Run various presentation decks for management.
- Manage Regulatory reporting includes the Monetary Authority of Singapore (MAS) reporting and the Performance Survey report to the European Central Bank (ECB) on a quarterly and half-yearly basis.
- Cost management activities, such as monthly flash, forecast, and reviews of actual versus budgeted costs.
Assistant Vice President - Corporate Bank and Investment Banking(CIB) Division
JP Morgan
Mumbai
06.2022 - 08.2024
- Leading CIB EMEA region team consist of 5 member to drive billing controller role and responsibilities which includes:
- Close co-ordination with regional billing controllers/banking product controllers to support investment bankers across globe which can help firm in increase recovery of fees/expenses
- Building and validation controls over the lifecycle of a deal from project/deal set up to closure which involves interaction with bankers (Front Office/ Middle office and Syndicate), business Managers and ensure proper approval on booking of fees/expenses
- Review of engagement letter and ensuring appropriate approval levels are maintained
- Ensure appropriate booking & accounting treatment of fees/ expenses/taxes in accordance with firm/regional regulatory policies eg
- Capturing and monitoring of the different type of fees and expenses - discretionary fees, advisory fees, client related expenses and others
Assistant Vice President (AVP) - Corporate Bank(CB) CFO Division
DEUTSCHE BANK CENTRE (DEUTSCHE BANK GROUP)
Mumbai
11.2011 - 05.2022
- Performed dual Role and Responsibilities includes:
- Corporate Bank -APAC supporting Role and Global Risk & Regulatory role (Jun 2016 - May 2022):
- Driver based Financial Planning, Budgeting and Forecasting for various Trade Finance and Cash management products
- (Bottom Up approach)
- Monthly Revenue Flash report for various Corporate Bank products in collaboration and Partnership with Business, Country Finance across globally and respective CFO Product Leads
- Preparation of Monthly APAC Performance dashboard for APAC EXCO includes Key Drivers for P&L and BS in terms of delta/variance for M-o-M, Actual Vs target Plan
- Preparation of Net interest income Margin for Trade finance product and Deposit (Cash Management) product for Business heads to understand the trend and helps with better predictability on future revenue performance
- Perform Client Analytics includes assessment of Risk Weighted Assets, Credit Risk, Revenue against Assets/Exposure European Central Bank(ECB) COVID 19 reporting includes BS and revenue for the clients which are tagged as Forbearance or obtained Moratorium facility
- Preparation of Sales Manager (RM's) performance pack
- Managed Sr
- Associate who was supporting me to produce IFRS 13 Fair value measurement disclosure, IFRS 9 Financial Instrument includes Business model and Credit Risk assessment in collaboration with business and regulators, IFRS 12 Disclosure of interest in other entities, Monitory Authority of Singapore (MAS) - regulatory report
Corporate Bank(CB) CFO APAC Product Control role
11.2011 - 05.2016
- Managed a group of Analysts and Senior Analysts to manage various business functions like :- Business and HO Reporting functions:
- Branch Profitability reports, Monthly Flash reports, Global MIS reports, Consolidated Regional reporting, Direct & Indirect Cost Analysis and Quarterly Budgeting & Forecasting
- HO reporting, Mark to Market reports, RWA and GVA reporting, Regulatory submission
- Business Revenue functions:
- Accruals, Analysis of Profit & Loss and Balance Sheet as Business Area Controllers, Balance Sheet substantiation
- Supporting Front desk Client Advisors, Business Managers and Regional Heads on various Ad-hoc raised by them for Branch Profitability reports, Revenue numbers, Regulatory submissions
- Devising operational strategies, ensuring operational controls are in place and monitoring service level agreements
- Managing Key performance indicator calls, preparing team performance reports, managing appraisals
- Significant Highlights of tenure in DB:
- Recognized for receiving:
- Employee of the month for Process Excellency
- Star Performer Award for automation process that saved 90 hours per month
- Key Projects/Assignment managed :
- Short Term Assignment - Migration of APAC role from Manila to Mumbai (2012-13)
- FTE/Headcount Optimization (2016)
- IFRS 9 Operational readiness and execution for CB Global (2017-18)
- Created Interactive Excel based Dashboard for RWA, Exposure, Loss Given Default, Rating view at client, Country and Product level (2021)
Assistant Team Manager_M05 Level
WNS GROUP
Pune
06.2011 - 10.2011
- Undertaking review of work done by team members (Team Strength - 5):
- Review Monthly Profit & Loss, Balance Sheet including GL reconciliation prepared by team
- Preparation of monthly and annual cash flow budgets
- Monthly MIS Preparation
Analyst
Jardine Lloyd Thompsan Group
Mumbai
05.2010 - 05.2011
- Preparation of fund accounting for various Pension Scheme governed by SORP
- Net Assets Statement
- Investment Report reconciliation which is part of Annual report preparation as a disclosure
- Scrutiny of Ledger, Journal and other books of Accounts
Sr. Finance Executive
KARAN JOHAR'S DHARMA PRODUCTION
Mumbai
10.2009 - 04.2010
- Budget forecasting and preparation of project reports for various film productions
- Finalization of accounts & Audit
- Handling hearings if Income tax, Professional Tax, Service Tax and TDS related matters
- Agreement Preparation for the production and post production of the movie
- MIS reports including the cash flow statement
Finance Executive
AMERICAN INTERNATIONAL GROUP
Mumbai
10.2008 - 09.2009
- Preparation of Financial Statement includes Balance Sheet, P&L.
- Internal and Statutory Audit.
- Bank Statement Reconciliation.
- Liaison with domestic and international banks regarding the investment in financial instruments and also for foreign remittance.
- Responsible to maintain compliance with income tax, professional tax, service tax, and TDS related matters.
Education
MBA - Finance
Baba Saheb Gawde Institute of Management Science (Mumbai University)
Mumbai, India01.2008
Bachelor of Commerce(B.COM) -
Mumbai University
Mumbai, India01.2005
Skills
- Leadership
- Decision making
- Financial analysis and planning
- Dashboard creation
- Time Management
- Teamwork and Collaboration
- Analytical Thinking
Hobbies and Interests
Chess, Networking, Reading, Cricket, Gym
Languages
English, Gujrati, Hindi, Marathi
Timeline
Assistant Vice President
DB International Private Bank( IPB - Emerging Markets)
10.2022 - Current
Assistant Vice President - Corporate Bank and Investment Banking(CIB) Division
JP Morgan
06.2022 - 08.2024
Assistant Vice President (AVP) - Corporate Bank(CB) CFO Division
DEUTSCHE BANK CENTRE (DEUTSCHE BANK GROUP)
11.2011 - 05.2022
Corporate Bank(CB) CFO APAC Product Control role
11.2011 - 05.2016
Assistant Team Manager_M05 Level
WNS GROUP
06.2011 - 10.2011
Analyst
Jardine Lloyd Thompsan Group
05.2010 - 05.2011
Sr. Finance Executive
KARAN JOHAR'S DHARMA PRODUCTION
10.2009 - 04.2010
Finance Executive
AMERICAN INTERNATIONAL GROUP
10.2008 - 09.2009
MBA - Finance
Baba Saheb Gawde Institute of Management Science (Mumbai University)
Bachelor of Commerce(B.COM) -
Mumbai University
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