Karthik Mahalingam
Accounting Professional
BENGALURU
Summary
Chartered Accountant with over 18 years experience with specialization in treasury middle office, financial reporting, credit appraisal, carbon accounting
Overview
24
24
years of professional experience
9
9
Certificates
1
1
Language
Work History
Management Trainee
Tube Investments of India Limited
Chennai
02.2002 - 03.200
- Gained knowledge of company policies, meetings, protocols and processes.
- Gained knowledge on company meetings viz., AGM, EGM and meeting of the Board of Directors
- Gained knowledge on the process of Buy back of shares
- Analysed company's annual reports to analyze sales, profit and its overall profile
- Used company reports to analyze sales, gross profit and inventory activities.
Associate Vice President, Stress Testing
Standard Chartered Global Business Services Private Limited
02.2023 - Current
- Model Validation based on various MEV for all balance sheet items (CCIB, CPBB, CNO) and profit and loss account.
- Stress Testing for all Balance Sheet (Credit Risk and Finance) and P & L Items.
- Calculation of Period End balance, Back Book /New Book calculation for next 5 year based on Various Assumption for all Asset and Liabilities book for CCIB, Retail & Pvt banking and Treasury market products. Stress Testing based on constant/dynamic Balance sheet.
- Balance Sheet and Profit & Loss Projections based on various macro-economic variables (MEV)
- ICAAP/MAS Template Preparation and submission.
- Submission of stress test results in various template , Preparation of slides for STF (Stress Test forum)
- Review credit mitigation measures applied to reduce ECL Group Wholesale Impairments (IFRS9) review and challenge
- Cost Allocation and Opex projection.
- (A 100% subsidiary of Standard Chartered Bank)
Associate Vice President
Standard Chartered Global Business Services Private Limited
03.2013 - Current
- Responsible for managing Financial Market Operations (FMO) India Operations in Bangalore location. This includes managing Derivative, Corporate, Interbank Fx, Regulatory Reporting and reconciliation team
- Liaising with various departments within organization such as Front office, Middle office, Compliance & Legal to ensure smooth functioning of the treasury operations.
- Client management including queries handling and resolution. Also visited clients to obtain feedback from them with respect to services rendered.
- Exposure to both forward contracts, options (both plain vanilla and exotic products) and swaps.
- Ensure timely completion of task by all the desk with zero deviation from laid down checklists and timely review of control checks.
- Rolled out process note on hedging for INR invoicing, INR ECB loans, Simplified Hedging Facility (SHF), Rupee denominated bonds.
- Ensuring compliance with internal policy with respect to Derivative & Corporate Desk.
- Coordinating with FM sales and Dealers on underlying Documents with regard to the FX Forwards and Derivatives booked.
- Validation of Proof underlying that are used for FX Forwards and Derivatives.
- Interpreting, complying and disseminating Reserve Bank of India guidelines to team members.
- Coordinated RBI Inspection, Statutory Audit, Concurrent Audit & Group Audit and ensuring completion of audit without any adverse audit observation for treasury operations.
- Picking up & retaining the talent within the team through performance appraisal process & lead the workforce effectively and efficiently
- (A 100% subsidiary of Standard Chartered Bank)
Associate Vice President
Standard Chartered Global Business Services Private Limited
07.2019 - 01.2023
- Responsible for capital forecasting including computation CETI ratio and presentation of financials and capital reports to various committees of the board
- Experience within treasury, prudential risk, or regulatory disciplines and have experience producing capital assessments under the UK and European regimes.
- Analysis of RWA movements and drivers
- Responsible for preparing, reviewing and analysis of Capital Adequacy Returns
- Understand, analyze, and assess impacts of upcoming changes to regulatory regimes related to capital management as well as partake in regulatory change programs
- Computation of RWA density numbers, MREL ratios, Pillar3
- Peers Analysis including comparing the numbers of the Bank vis-a-vis its competitors
- (A 100% subsidiary of Standard Chartered Bank)
Senior Manager
Standard Chartered Bank Limited
05.2008 - 03.2013
- Handled credit appraisal of home/mortgage loans for individuals, corporate and self-employed professionals adhering to the policies defined by the bank including KYC norms, financial analysis with stress on key ratio movements
- Understanding business environment of customer and performing sensitivity analysis on various scenarios on the profitability/viability of the business
- Analyzing the credit history of the customer by studying the repayment track record of the loans taken in the past, looking up on the RBI website to identify if the customer’s name appears on the caution list, generating and analyzing CIBIL reports etc
- Providing feedback to policy and product team on building efficiencies in the processes
- Coordinating with legal and valuation teams for property title and technical clearances
- Resolving audit queries raised by internal and concurrent auditors on a timely basis
Manager
ICICI Bank Limited
10.2005 - 04.2008
- Responsible for managing Derivative, Corporate, Interbank FX, Regulatory reporting and reconciliation team
- Ensuring timely delivery of MIS across all the desk & escalation as appropriate to Business units
- Represented the bank on various regulatory platforms like Clearing Corporation of India Limited (CCIL) and Fixed Income Money Market & Derivative Association (FIMMDA)
- Extending the support to Business with respect to set up new products in the existing systems & ensuring the adherence with group policies, RBI regulations
- Verification of confirmation drafted for various types of Derivative product & solving issues with regard to confirmations with counterparty.
- Lead the RBI Inspection, Statutory Audit, Concurrent Audit & Group Audit to ensure audit report without any adverse audit observation for treasury operations.
- Validation of various Types of derivative product including validating deals like Interest Rate Swaps (IRS), FC-INR Options like Sea gull structure for imports and exports, Ratio Range, FC-FC Options, Strangles, Straddles, Box Spread, Knock-innockout Options (KIKO Deals) Binary Options, Range Accruals, Target Accumulated redemption notes (TARN) and CMS Range Accrual
- Performed mock test and presented the Interest Rate Swaps (IRS) trades to the Clearing Corporation of India Limited (CCIL) on their reporting platform including matching of unmatched and alleged trades
- Involved in the process of standardizing of Term sheets & Confirmations, and Preparation of Confirmations for derivatives trades
Assistant Manager
Polaris Software Lab Limited
01.2005 - 09.2005
- Prepared Quarterly Accounting Schedules
- Adherence to I-GAAP and International Accounting Standards (IAS)
- Involved in the Company’s statutory Audit, and concurrent audit and ensured that there was no audit observation
Assistant Manager
Megasoft Limited
03.2003 - 12.2004
- Prepared Quarterly Accounting Schedules
- Adherence to I-GAAP and International Accounting Standards (IAS)
Education
B.Com -
Sri Sathya Sai Institute of Higher Learning
ACA - Accounting
The Institute of Chartered Accountants of India
NEW DELHI, INDIA07.1998
ACS - Accounting
THE INSTITUTE OF COMPANY SECRETARIES OF INDIA
12.1999
FRM - FINANCIAL RISK MANAGEMENT
GLOBAL ASSOCIATION OF RISK PROFESSIONAL
NEW JERSEY, USA01.2011
SCR - CLIMATE RISK
GLOBAL ASSOCIATION OF RISK PROFESSIONAL
NEW JERSEY, USA05.2025
Skills
Customer service
Business administration
Business planning
Process improvements
Certification
SCR Passed in the year 2025
Interests
Activities & Interests: Reading books and watching cricket
Timeline
Associate Vice President, Stress Testing
Standard Chartered Global Business Services Private Limited
02.2023 - Current
Associate Vice President
Standard Chartered Global Business Services Private Limited
07.2019 - 01.2023
Associate Vice President
Standard Chartered Global Business Services Private Limited
03.2013 - Current
Senior Manager
Standard Chartered Bank Limited
05.2008 - 03.2013
Manager
ICICI Bank Limited
10.2005 - 04.2008
Assistant Manager
Polaris Software Lab Limited
01.2005 - 09.2005
Assistant Manager
Megasoft Limited
03.2003 - 12.2004
Management Trainee
Tube Investments of India Limited
02.2002 - 03.200
ACA - Accounting
The Institute of Chartered Accountants of India
ACS - Accounting
THE INSTITUTE OF COMPANY SECRETARIES OF INDIA
FRM - FINANCIAL RISK MANAGEMENT
GLOBAL ASSOCIATION OF RISK PROFESSIONAL
SCR - CLIMATE RISK
GLOBAL ASSOCIATION OF RISK PROFESSIONAL
B.Com -
Sri Sathya Sai Institute of Higher Learning
ELEMENTARY DETAILS
Languages Known: English & Hindi
CO-CURRICULAR/ PROFESSIONAL ACCOLADES
Star Award – for FMO India Operations in Standard Chartered Global Business Private Limited, Business Champ Team Award – for FMO India Operations in Standard Chartered Global Business Private Limited