Summary
Overview
Work History
Education
Skills
Prior Engagements
Articleship Experience
It Credentials
Current Engagement
Timeline
Generic

KIRTI MALHOTRA

Chartered Accountant
New Delhi

Summary

Organized and Versatile Finance professional with global experience in regulatory reporting, specializing in controllership roles, skilled in finance transformations and ERP implementation and transitions with demonstrated track record of service delivery through successful team management, relationship building skills and continued commitment to excellent performance offering history of success coordinating and monitoring operations across various departments. Effective leader and problem-solver dedicated to streamlining process and promote organizational efficiency.

Overview

21
21
years of professional experience

Work History

Senior Manager, Regulatory Reporting

Silicon Valley Bank
New Delhi
07.2022 - Current
  • Handled multiple US regulatory reports including country exposure report (FFIEC009 report), FRY15(Systemic Risk report), Treasury International Capital report and FR2644 report (Weekly BS report), FR2420(Daily report of selected Money market rates)
  • Handling other regulatory reports including Canada Regulatory reports and Cayman Regulatory reports
  • Building Robust Control framework to ensure compliance with regulatory requirements and Internal audit requirements
  • Developing comprehensive governance document to ensure timely updates to SOP and related document like approach, assumption and issues document for critical reports like FFIEC009, FRY15 and TIC reports
  • Involved in end to end change management process to ensure all regulatory updates are duly adhered to and incorporated in various regulatory submissions
  • Handling other tasks as follows: Error and escalation procedure including managing production issue logs
  • Creation and review of process documentation including governance document, process flows
  • Ensuring mapping updates in Axiom for all production issues identified during month
  • Team handling tasks: Successfully leading multiple teams and bringing thought leadership
  • Improved Employee engagement scores improved from 2 years.
  • Collaborated closely with peers from other departments to drive organizational success jointly as one cohesive unit.
  • Spearheaded change management efforts for seamless adoption of new instructional requirements or processes among employees.
  • Consistently met or exceeded annual performance targets set by senior leadership.
  • Demonstrated exceptional adaptability in navigating complex situations or rapidly changing environments with ease.

Senior Manager, Regulatory reporting

Bank of America
12.2017 - 07.2022
  • Working on various regulatory reports sent to US regulator, including call reports, Top of the House reports and Legal entity reports including FRY9LP, FR2314, FRY11, FFIEC030, FR2886B reports etc
  • Ensuring timely submission for more than 70 legal entities, ensuring authenticity of amount and quality of variance commentary for reports submitted to regulators
  • Ensuring timely reconciliation of accounts including substantiation of Quarterly variances
  • Ensuring adequate reporting of restructuring activities within legal entities due to rationalization of entity structure
  • Working on various IFRS including IFRS 9, 12, 15 and 16 etc.
  • Review of all pre and post production activities which involves: Review of Data verification forms for off balance sheet balances, trading assets, Loan balances split and balances held with central and other banks
  • Review of consolidated Equity Roll forward schedule to analyze quarterly movements in total Equity capital of quarterly, Annual and Annual shorts Entities.
  • Review of Error and escalation procedures which includes preparation of summary and detailed version of prior period errors in reports submitted to regulators.
  • Handling regulator’s queries for reports submitted post analyzing specific requirement of each query.
  • Handling other tasks including Supporting Issue Management system for data quality and report production issues.
  • Standardization and automation of issue management tracker which helped to significantly reduce preparation time of tracker.

Manager- Finance Operations

HSBC
01.2016 - 12.2017
  • Worked In a techno functional role, for updating GL mappings and updating Chart of Accounts based on New requirement from IFRS
  • Involved in Implementation of IFRS based accounting rules required for quarterly reporting through HSBC’s bespoke PeopleSoft (Oracle) based General Ledger
  • Managed Global Systematically Important Banks (GSIB), Financial Reporting (FinRep) and IFRS based accounting rules used for year-end reporting
  • Handled various projects like GSIB (Global systematically important Banks), managing CTB phase of creation of rules and reference data in Big Data environment and responsible for end to end RTB model for GSIB reporting
  • Analyzed liquidity files in SQL programming language, and responsible for variance analysis of liquidity(ALCM reporting) to IFRS reported balances
  • Organized daily scrum calls for keeping track of project progress
  • Prepared test conditions and test scripts for testing project components
  • Was point of contact for all queries relating to GRCA, FinRep and GSIB
  • Provided guidance and advice to colleagues on IFRS based rules.

Assistant Manager

Genpact
05.2011 - 01.2016
  • Worked as SME for R2R team supporting SAP migration to SAP 6.0 version for one of the leading Pharmaceutical client – GlaxoSmithKline
  • Financial reporting and analysis of Balance Sheet & P&L after ensuring Local GAAP into Unison Reporting Tool after identification of accruals/ Provisions & closing the GL
  • Reporting for Management analysis like Balance Sheet Reconciliation for open Items & Variances
  • Stock – Inflow & Outflow, reconciling FI & MM modules.
  • Ledger & Sub ledger Reconciliation Customer Aging Analysis, Depreciation Analysis & Reporting
  • Preparation of Cash Pool Reports and netting off balances in Interco
  • Transactions
  • Making presentations to management & customers & responding to their queries
  • Was engaged in onsite transition in Europe (Belgium & Netherland Germany, Italy, Spain, Portugal, NORDICS) handling all business requirements and interactions with clients.

Lead Analyst

WNS Global Services
08.2008 - 05.2011
  • Involved in consolidation of entire outsourcing business of SONY Europe Electronics business
  • Performing critical activities like revaluation, allocations, FI-PCA check, Inventory devaluation, Essbase Reporting, FP & A activities
  • Handled client (Marsh McLennan Companies) reporting directly to Controller of Finance
  • Ensuring successful transition of Finance Modules from U.K
  • Reporting financials on monthly basis to head office in New York
  • Preparation of Balance Sheet and Schedules and uploading them on HFM for Head office consolidation
  • Management reporting to Clients on monthly and quarterly basis, involving national statics return preparation.

Accounts Executive

Intercontinental Hotels Group
03.2008 - 07.2008
  • Handled Accounting and Reporting of hospitality company based at Delhi having global presence.
  • Handling Financial Accounting, Management Reporting and Analysis Financial statements
  • Engaged in trend and variance analysis of financial data.
  • Managing accounts reconciliations monthly closing of financial statements.

Article Trainee

S.Kumar Mehta & CO. Chartered Accountant
06.2003 - 06.2006
  • Handled Statutory and Internal audit and bookkeeping upto finalisation
  • Filling appeal with Income Tax authorities
  • Compliance with Accounting Standards including preparation of cash flow statement and segment reporting including reporting on compliance of various laws i.e.
  • Income Tax, Company Law, and Labor Laws etc.
  • Assisted senior associates in drafting contracts, agreements, and other legal documents for optimal results.
  • Facilitated effective teamwork among colleagues by sharing knowledge resources, expertise, and best practices.

Education

CFA (LEVEL II) -

CFA Institute, US

IFRS (Cert.) - undefined

ACCA

CA Final - undefined

ICAI

B.com (Hons.) - undefined

Delhi University

Skills

Analysis and Problem solving

undefined

Prior Engagements

  • Senior Manager, Regulatory reporting, Bank of America, Gurgaon, 12/17, 07/22, Working on various regulatory reports sent to US regulator, including call reports, Top of the House reports and Legal entity reports including FRY9LP, FR2314, FRY11, FFIEC030, FR2886B reports etc., Ensuring timely submission for more than 70 legal entities, ensuring authenticity of amount and quality of variance commentary for reports submitted to regulators., Ensuring timely reconciliation of accounts including substantiation of Quarterly variances., Ensuring adequate reporting of the restructuring activities within the legal entity due to rationalization of entity structure, Working on various IFRS including IFRS 9, 12, 15 and 16 etc., Review of all the pre and post production activities which involves: Review of Data verification forms for off balance sheet balances, trading assets, Loan balances split and balances held with central and other banks, Review of consolidated Equity Roll forward schedule to analyse quarterly movements in total Equity capital of quarterly, Annual and Annual shorts Entities, Review of Error and escalation procedures which includes preparation of summary and detailed version of prior period errors in reports submitted to regulators, Handling regulator’s queries for reports submitted post analysing the specific requirement of each query, Handling other tasks including Supporting Issue Management system for the data quality and report production issues, Standardization and automation of issue management tracker which helped to significantly reduce the preparation time of the tracker.
  • Manager- Finance Operations, HSBC, Gurgaon, 01/16, 12/17, Working In a techno functional role, for updating GL mappings and updating Chart of Accounts based on New requirement from IFRS, Implementation of IFRS based accounting rules required for quarterly reporting through HSBC’s bespoke PeopleSoft (Oracle) based General Ledger, Manage Global Systematically Important Banks (GSIB), Financial Reporting (FinRep) and IFRS based accounting rules used for year-end reporting, Handling various projects like GSIB (Global systematically important Banks), managing CTB phase of creation of rules and reference data in Big Data environment and responsible for end to end RTB model for GSIB reporting, Analyzing liquidity files in SQL programming language, and responsible for variance analysis of liquidity(ALCM reporting) to IFRS reported balances, Organizing daily scrum calls for keeping track of project progress, Preparing test conditions and test scripts for testing project components, Point of contact for all queries relating to GRCA, FinRep and GSIB, Participation in various forums as a representative for the IFRS based rules, Chairing of various Working Groups to discuss changes pertaining to the IFRS rules, Provide guidance and advice to colleagues on IFRS based rules
  • Assistant Manager, Genpact, Gurgaon, 05/11, 01/16, Worked as a SME for the R2R team supporting the SAP migration to SAP 6.0 version for one of the leading Pharmaceutical client – GlaxoSmithKline., Financial reporting and analysis of Balance Sheet & P&L after ensuring Local GAAP into Unison Reporting Tool after identification of accruals/ Provisions & closing the GL., Reporting for Management analysis like Balance Sheet Reconciliation for open Items & Variances, Stock – Inflow & Outflow, reconciling FI & MM modules, Ledger & Sub ledger Reconciliation Customer Aging Analysis, Depreciation Analysis & Reporting, Preparation of Cash Pool Reports and netting off balances in Interco. transactions, Making presentations to management& customers & responding to their queries, Was engaged in onsite transition in Europe (Belgium & Netherland Germany, Italy, Spain, Portugal, NORDICS) handling all business requirements and interactions with clients
  • Lead Analyst, WNS Global Services, Pune, 08/08, 05/11, Involved in consolidation of the entire outsourcing business of SONY Europe Electronics business., Performing critical activities like revaluation, allocations, FI-PCA check, Inventory devaluation, Essbase Reporting, FP & A activities., Handled client (Marsh McLennan Companies) reporting directly to the Controller of Finance., Ensuring the successful transition of Finance Modules from U.K., Reporting the financials on monthly basis to the head office in New York. Preparation of Balance Sheet and Schedules and uploading them on HFM for Head office consolidation., Management reporting to the Clients on monthly and quarterly basis, involving national stastic return preparation.
  • Accounts Executive, Intercontinental Hotels Group, Delhi, 03/08, 07/08, Handled the Accounting and Reporting of a hospitality company based at Delhi having global presence., Handling Financial Accounting, Management Reporting and Analysis Financial statements., Engaged in trend and variance analysis of financial data., Managing accounts reconciliations monthly closing of financial statements.

Articleship Experience

Article Trainee, S.Kumar Mehta & CO. Chartered Accountant, Handled Statutory and Internal audit and bookkeeping upto finalisation., Filling appeal with Income Tax authorities;, Compliance with Accounting Standards including preparation of cash flow statement and segment reporting including reporting on compliance of various laws i.e. Income Tax, Company Law, and Labor Laws etc

It Credentials

  • Big Data
  • SQL
  • Oracle
  • Discoverer
  • Essbase
  • Tally
  • Outlook
  • Lotus Notes
  • EPM (HFM)
  • SAP
  • Hyperion
  • Nvision
  • MS Office (Word, Excel, and Power Point) including visio and VBA
  • Reporting tools like Reg reporter
  • Axiom

Current Engagement

Senior Manager, Regulatory reporting, Silicon Valley Bank, 07/22/22, present, Handled multiple US regulatory reports including country exposure report (FFIEC009 report), FRY15(Systemic Risk report), Treasury International Capital report and FR2644 report(Weekly BS report), FR2420(Daily report of selected Money market rates)., Handling other regulatory reports including Canada Regulatory reports and Cayman Regulatory reports., Building Robust Control framework to ensure compliance with regulatory requirements and Internal audit requirements., Developing a comprehensive governance document to ensure timely updates to SOP and related document like approach, assumption and issues document for critical reports like FFIEC009, FRY15 and TIC reports., Involved in end to end change management process to ensure all regulatory updates are duly adhered to and incorporated in various regulatory submissions, Handling other tasks as follows: Error and escalation procedure including managing production issue logs., Creation and review of process documentation including governance document, process flows., Ensuring the mapping updates in Axiom for all production issues identified during the month., Team handling tasks: Successfully leading multiple teams and bringing thought leadership., Improved Employee engagement scores improved from 2 years.

Timeline

Senior Manager, Regulatory Reporting

Silicon Valley Bank
07.2022 - Current

Senior Manager, Regulatory reporting

Bank of America
12.2017 - 07.2022

Manager- Finance Operations

HSBC
01.2016 - 12.2017

Assistant Manager

Genpact
05.2011 - 01.2016

Lead Analyst

WNS Global Services
08.2008 - 05.2011

Accounts Executive

Intercontinental Hotels Group
03.2008 - 07.2008

Article Trainee

S.Kumar Mehta & CO. Chartered Accountant
06.2003 - 06.2006

CFA (LEVEL II) -

CFA Institute, US

IFRS (Cert.) - undefined

ACCA

CA Final - undefined

ICAI

B.com (Hons.) - undefined

Delhi University
KIRTI MALHOTRAChartered Accountant