Kartik Bhingare
PUNE
Summary
Results-driven Independent Testing Specialist at Wells Fargo with expertise in regulatory compliance and risk assessment. Proven track record in enhancing testing frameworks and achieving a 99% accuracy rate in regulatory reporting. Skilled in issue identification and documentation, ensuring data integrity and effective risk mitigation across complex reporting processes.
Overview
5
5
years of professional experience
Work History
Independent Testing Specialist
Wells Fargo
Hyderabad
11.2024 - Current
- Conducted independent testing and validation of risk as part of the second line of defense to ensure compliance with enterprise risk management standards and regulatory requirements.
- Performed independent testing and validation of regulatory and internal risk reports to assess completeness, accuracy, and timeliness, in alignment with regulatory expectations under CCAR, Basel III, DFAST, and Regulation Y.
- Perform scoping activities for each review cycle by identifying report-specific risks, control environments, and data lineage considerations to determine the appropriate testing strategy and depth.
- Conduct sample-based testing using risk-based sampling methodologies to validate key data elements, reporting logic, and control effectiveness across multiple reporting processes.
- Evaluate high-impact regulatory reports, including: FR Y-14M, Y-14Q, Y-14A, FR Y-9C, FR 2052a (Liquidity Monitoring Report), FFIEC 031 (Call Report), FFIEC 102 (Market Risk Regulatory Report).
- Collaborated with the first line of business, risk, and compliance teams to conduct risk assessments.
- Review and validate internal risk reports provided to senior management and risk committees, ensuring consistency, data integrity, and compliance with internal governance requirements.
- Assess end-to-end data flow, transformation logic, and reporting control design across systems and processes, identifying gaps or weaknesses.
- Provide a credible challenge as part of the Second Line of Defense (SLOD), operating independently from report owners and preparers.
- Collaborate with Regulatory Reporting, Risk, Finance, and Compliance teams to remediate identified issues, and monitor sustainable control improvements.
- Maintain detailed documentation, including scoping memos, test scripts, testing results, and issue logs, in accordance with enterprise testing standards and regulatory expectations (e.g., OCC, Federal Reserve).
- Contribute to the continuous enhancement of the independent testing framework by integrating evolving regulatory guidance and industry best practices.
Senior Analyst - Regulatory reporting
Northern Trust
Pune
05.2022 - 11.2024
- Prepared and submitted regulatory reports to the SEC, CFTC, FINRA, and other governing bodies within tight deadlines; ensured the accuracy of all documents filed with a 99% accuracy rate.
- Filings for regulatory and transparency reporting products, such as Form PF, Annex IV (AIFMD), OPERA (Open Protocol Enabling Risk Aggregation), CPO-PQR, and 13F, for submissions to various regulatory bodies, including the SEC, FCA, ESMA, and CFTC.
- Equity filings for net short position holdings for the Australian ASX and other European jurisdictions on a daily basis.
- Responsible for the review of regulatory filings. Aspects of reporting include client portfolio exposures and liquidity, counterparty exposures and collateral, trade volume, risk exposures, investor classifications, and liquidity.
- Implements the policies, procedures, and controls that maintain the accuracy of data being reported.
Implements plans and programs that help automate the regulatory reporting process and limit control gaps. Supports more senior team members in maintaining the appropriate risk culture. Examines reports for accuracy, consistency, and compliance against regulatory mandates. - Understands the processes and products within the relevant systems from which regulatory reports are created. Contributes to the development of validation processes for data, including the assessment and monitoring of data quality issues. Executes validation processes.
Data Analyst
Unbound Marketing Pvt Ltd
Pune
12.2020 - 05.2022
- Generate quality leads and through highlighting the preferences of the prospects
- Gather, quantify, clean, assess, and interpret a large amount of data which can be used by companies to have a vibrant idea about their market.
Education
PGDBF - Finance
Ness Wadia College of Commerce
Pune08-2021
BBA - Finance
Ness Wadia College of Commerce
Pune11-2020
Skills
- Issue identification
- Root cause analysis
- Report preparation
- Regulatory compliance
- Documentation and reporting
- Risk mitigation
- Documentation
- Independent testing
- Risk assessment
Languages
- English
- Hindi
Timeline
Independent Testing Specialist
Wells Fargo
11.2024 - Current
Senior Analyst - Regulatory reporting
Northern Trust
05.2022 - 11.2024
Data Analyst
Unbound Marketing Pvt Ltd
12.2020 - 05.2022
PGDBF - Finance
Ness Wadia College of Commerce
BBA - Finance
Ness Wadia College of Commerce
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