Lavesh Powale
Malad East
Summary
Dynamic leader with extensive experience at UBS Business Solutions, excelling in data quality and governance. Proven track record in stakeholder management and team leadership, driving automation initiatives that enhanced reporting efficiency. Adept at cross-functional collaboration, delivering impactful results in data assurance and regulatory compliance. Strong analytical skills underpin successful project transformations.
Overview
27
27
years of professional experience
1
1
Certification
Work History
Director
UBS Business Solutions India Pvt Ltd
Mumbai
01.2024 - Current
- Head of Data Quality for reference data Group within XDO.
- Responsible for adopting the Data Management Framework within Reference Data function.
- Data Owner for 250 plus Key Data Elements and 6 Key Data Output.
- Point of contact for NFRIs (non-financial risk incidents) closure across RDS group.
- Responsible for automation of Dashboard for Data Quality Metrics across domains i.e. Instrument and Product Taxonomy, Entities and Hierarchies, Client Data & Static and sustainability.
- Data quality Point of contact for domain conversion from legacy to new cloud platform i.e. Cumulus.
- 1st LOD for providing management updates in terms of Data Quality metrics, exceptions management, and health index.
- Collaboratively working with Key stakeholders like risk, finance, and various ops group.
- Own key operating procedure for Data Quality function and adherence to the guidelines.
- Managing team size of 16 people across India and Poland.
Vice President
Morgan Stanley Advantage Services Pvt. Ltd
07.2022 - 08.2023
- Led Risk Process validation group (RPVG) team under Financial Risk Management governed by Independent Process Validation.
- Review lead for CCAR -Stress testing Credit Counterparty, 14Q schedule L, Market risk and Liquidity risk.
- Review of quality and quantitative assessment of risk processes, and signing off risk scope items for RPVG on Validation Studio repository.
- Supervising Control testing, Design effectiveness, F2B process reviews, issues and action plan drafting and quarterly Memo issuance.
- Supervising and challenging the Validators and Review owners work as part of quarterly risk reviews.
- Signing off of the workpapers prepared by validators and ensuring the details are captured as per the RPVG policies.
- Policy and procedure updates for RPVG methodologies.
- Responsible for Quarterly reviews, drafting issues and obtaining sign offs from senior risk stakeholders and head of RPVG.
- Monitoring review and follow up of issues and action plans raised as part of quarterly reviews.
- Coordinate and finalise the RPVG annual book of work with firm’s key risk stakeholders i.e., CCAR, Liquidity and Credit risk.
- Responsible for team’s year end appraisals, talent ratings.
Director
UBS Business Solutions
12.2016 - 07.2022
- Head of Data Attestation function under Global Finance.
- Built a team delivering Monthly governance pack for Key Data Elements (KDEs) providing data assurance to Regulatory Reporting groups i.e., Capital Adequacy Group, Liquidity and Funding Group & Netting controls.
- Active participation in Data assurance and data governance projects for group Finance.
- Analysis of Data Lineage and review of Business and IT controls as part of Front to Back (F2B) review of Finance Trade and Reference data review.
- Responsible for people management, Recruitment, drafting goals and objectives for the function, Line manager discussion, year-end appraisals.
- Successfully driven Group Finance’s Innovation and automation programme.
- Key responsibilities: Setting up monthly Finance Innovation Connect Sessions at Group Finance Level.
- Key point of contact for arranging Innovation Hub like IDEA gallery, innovation weeks.
- Automated the weekly and monthly report for entire Global finance teams using key metrics like time saves, key transformations milestone.
Assistant Vice President
Nomura Services India Pvt.Ltd
Mumbai
04.2011 - 11.2016
- Company Overview: Mumbai
- Led the Daily production of Liquidity coverage Ratio metrics team for EMEA entities.
- Data integrity checks and adjustments for Daily LCR productions.
- Variance analysis and LCR review for T+1 pack for internal management.
- Key Drivers analysis Secured, unsecured and Derivatives module.
- Responsible for developing a new process Risk to Finance Reconciliation for Trade & positions as part of Capital Adequacy reporting.
- Built a team of 7 FTEs from scratch.
- Supervisory responsibility of Market risk Data Integrity T+1 team within Market risk middle office function.
- Mumbai
Associate
JP Morgan Services India Pvt.Ltd
09.2004 - 04.2011
- Day to day responsibility of Legal entity reporting, Head office reporting for Other North Asia entities.
- General Ledger migration from Mainframe to Oracle for North Asia region within a span of 1 year.
- Implementation of structural & Head office reporting changes for Chinese legal entities as part of acquiring locally incorporated banking licence in China.
- Migration of Private Banking MIS function from US to India.
Accountant
Goldshield Services India Pvt. Ltd.
Mumbai
12.2002 - 09.2004
- Company Overview: Mumbai
- Mumbai
Junior Manager
Nicholas Piramal India Limited
Thane
06.2001 - 12.2002
- Company Overview: Thane
- Thane
Audit Clerk
G.A. Iyer and Associates
08.1998 - 06.2001
Education
Chief Financial officer programme -
IIM Calcutta
01.2022
Bachelor of Commerce -
Mumbai University
01.1997
Skills
- Stakeholder management
- Cross functional collaboration
- People management
- Process management
- Transformation and Project driven experience
- Communication
- Analytical
- Problem-solving
Certification
- IFRS 9 certification
- Basel 1,2 and 3 certifications
Languages
- English
- Hindi
- Marathi
Personal Information
- Date of Birth: 10/10/76
- Marital Status: Married
Timeline
Director
UBS Business Solutions India Pvt Ltd
01.2024 - Current
Vice President
Morgan Stanley Advantage Services Pvt. Ltd
07.2022 - 08.2023
Director
UBS Business Solutions
12.2016 - 07.2022
Assistant Vice President
Nomura Services India Pvt.Ltd
04.2011 - 11.2016
Associate
JP Morgan Services India Pvt.Ltd
09.2004 - 04.2011
Accountant
Goldshield Services India Pvt. Ltd.
12.2002 - 09.2004
Junior Manager
Nicholas Piramal India Limited
06.2001 - 12.2002
Audit Clerk
G.A. Iyer and Associates
08.1998 - 06.2001
Chief Financial officer programme -
IIM Calcutta
Bachelor of Commerce -
Mumbai University
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