Garima Saxena

During my tenure of six years with Macquarie Group, I have held various roles encompassing Financial Transformation Projects, Product Control and Finance Control . Currently, I am tasked with managing all these responsibilities while also leading a team of 2 individuals. Below, I provide an overview of my roles and responsibilities within each area.

Projects: Finance Change & Transformation

• Integral part of project-finance team to build a trade booking system as per Australian Prudential Regulation Authority (APRA) guidelines.
• Prepared Finance Impact Analysis document, Regulatory reporting analysis in line with business transformation framework along with Migration strategy and approach.
• Designed of entire booking model for trade booking which included several scenarios of domestic and international market trades and clients based on instructions of Business.
• Assessed transformation requirements on day to day activities such as Daily P&Ls, and documented details of changes required for business and MO. Redesigned the Day P&L, Monthly Files to be used after Go-Live.
• Carried out several cycles of UAT testing in system test phase of project, ensuring adequate test coverage.
• Liaised with Product Control, Financial Control and IT teams to confirm the requirements, data attributes, reports, analysis and design, testing and business delivery.
• Carried out another project for Migration of Business from Banking to Non-Banking entities
• Currently working on a Project for Migration of intermediary entity within brokerage business of Equities Division.
• Provided training on how to make the best use of New Financial System to Product Control and Financial Control teams after Go-Live.
• Actively participated in migration of multiple financial systems and migration of general ledger to Oracle.

Product Control

• Lead the ANZ & Asia production of T+1 P&L and accurate reporting of financial statements of Equities Division.
• Oversee daily P&L and attribution review, including adjustment review, Flash vs. Actual variances, and commentaries, as well as explanations/commentaries on threshold breaches and discussions with the trading desk
• Conduct daily supervisory reviews to ensure the exercise of daily controls and evidence thereof.
• Review FOBO breaks and collaborate with stakeholders for remediation and upstream fixes.
• Provide quarterly commentaries for disclosures
• Manage monthly financial adjustments, Position/FOBO Cash breaks, and effectively handle internal and external audits.
• Drive efficiencies through automation/process improvements and establish process backups/talent pools.
• Coordinate with stakeholders on daily and change initiatives, including Front Office, Trade Support, Middle Office,Operations, and Finance Change Management.

Financial Control

• Analyze financial data, identify trends, and provide insights to senior management for strategic decision-making.
• Maintain data quality under Corporate Data Warehouse (CDP) systems for the Cash Equities Business.
• Collaborate with external auditors across regions (EMEA, ANZ & Asia) to facilitate smooth and efficient audits,addressing any audit findings and recommendations.
• Balance Sheet Substantiation as per internal control frameworks.
• Managing legal entity FX exposure.
• ⁠Review of Equities Business related disclosures requirements as per IFRS 7
• Review and finalize annual financial statements along with all exhibits and schedules, ensuring compliance with applicable guidelines and standards.
• Lead Internal end to end review of Terms of Business vs trade flow in System for 16 markets in Asia Region for both domestic and international clients along with their respective mappings and accounting flow in Ledger.

• Performed Internal audit and statutory audit of companies in medical, consumer appliances and logistics sector

• Performed statutory audit, tax audit and assignments on Internal Control over Financial Reporting (ICFR) for public limited and private limited companies with INDAS Applicability;
• Performed quarterly limited reviews for listed public limited companies