JAYESH S. VADHER

• FX Spot & Mark-to-Market Controls: Oversee reconciliation functions for FX Spot and Mark to Market (MTM) for FX and Commodities, ensuring Risk System and General Ledgers are aligned
• Accurate Accounting: Ensure correct recording of gains and losses on FX transactions
• Issue Investigation: Identify and assess FX risks across the organization, including potential exposure from FX Position breaks between Front office and General Ledgers
• Resolve Trading Breaks: Resolve external and internal FX trading Spot Position and Wash breaks by collaborating closely with Middle Office (MO), Legal Entity Controller (LEC), Product Controller, and Settlement teams
• Monitor FX Exposure: Regularly monitor FX exposure (Spot FX and Month End Trade-in) and report key metrics to senior management
• Assess FX Risks: Identify and assess FX risks, including potential exposures from FX position breaks
• Address potential compliance issues in FX transactions promptly
• Settlement Reconciliation: Reconcile FX and FX options settlement wash accounts, ensuring timely settlement and no P&L Risk associated with it
• Regulatory reporting to Sweden Federal bank related to options and forex trading done by JPMC in SEK currency
• Ledger Reconciliation: Ensure the end-to-end control of a trade life cycle from Upstream RMS - Subledger - General Ledger at desk and legal entity levels
• Ad-hoc FX Contracts: Act as a USD desk to book ad-hoc FX contracts related to Nostro charges to facilitates Product controllers on FX hedging and record USD P&L in ledgers
• Controls/Audit Collaboration: Collaborate with internal audit functions for robust controls in FX process
• Adjustments: Ensure the accuracy of books at month-end by making necessary adjustments in the ledger to resolve breaks and correct the Balance Sheet and P&L numbers
• Perform post-checks to ensure entries align with the Risk system and traders' P&L for closure
• Data Integrity & Reporting: Ensure data integrity, prepare weekly, monthly, and quarterly reports, and explain key movements to senior management
• Attestation: Prepare General Ledger Attestation (GLA) work paper to substantiate the Balance Sheet and report exposure for high-risk items that could potentially impact P&L
• Leading, training, coaching, cross-training, and mentoring the team
• Apply subject matter expertise to identify, develop and implement new techniques for process improvement
• Preparing and timely reviewing of all the supporting documents like SOP, OSA, participating in BCP testing and trainings at other site locations for critical activities and other Ad-hoc activities.

Projects - Involved in ideation, testing & execution of both self-initiated & Global projects like:

• Oracle/Merit to SAP Migration: Transition from the legacy General Ledger system to SAP accounting to ensure consistent and accurate downstream accounting events
• Ensure the creation of accounts, centers, and reference data setups are properly implemented
• Risk System and Subledger Migration: Ensure uniformity across all Risk systems and subledgers for cohesive accounting flow
• Validate the old and new system flows to eliminate discrepancies in upstream and downstream processes
• Ensure the creation of accounts, centers, and reference data setups are completed accurately
• Wash Account / FOBO Reconciliation Automation: Transition from manual reconciliation to Alteryx-based reconciliation to minimize manual risks and errors
• Enhance controls and improve efficiency

• Accrual bookings for month end and intra month, preparing Settlement instructions for funds movement and Cash Ledger posting for the settlements for Income attribution / Income allocation
• Review general ledger on a monthly basis to ensure accuracy of posting, consistently analyze financial data and present financial reports in an accurate and timely manner

• Reconcile the General Ledgers and internal the House accounts and to maintain the integrity of accounts and ensure that all the open items are monitored regularly and independently
• General Ledger Reconciliation: Reconcile General Ledgers and internal House accounts
• Maintain account integrity and monitor open items regularly
• Escalate un-natural balances to senior management and Finance Controller
• GLRS Reconciliation: Reconcile Sub-ledger balances with General Ledgers at month-end
• Identify and investigate discrepancies between Product system and GL system
• Prepare supporting documents for certification and substantiation
• Process adjustment entries to clear balances across centres/accounts

• Analyzing Financial Statements i.e
• Profit & loss and Balance sheet of the Organization and for financial and regulatory reporting purposes
• Providing accurate and detailed financial and operational information for budgeting and forecasting organization
• Preparation of monthly reports for data quality purposes for senior management