LOKESH AGGARWAL

• Regulatory Reporting
• Facilitate reviews with senior managers and Entity Controllers by creating meaningful presentations that demonstrate cleanly and succinctly explain the RWA results
• Ensure accuracy of Exposure/RWA numbers and classification in Risk systems for Finrep/CoRep/P3 reporting and IFRS9 ECL calculation
• Review of Exposure/RWAs calculations and approve for manual adjustment (if any) for Bank exposures as per Basel guidelines using STD/IRB/Slotting approaches
• Review of Securitisation RWA calculations as per Securitisation framework including the final approach to be used (SEC-SA/SEC-ERBA/SEC-IRBA)
• Understanding of different approaches for RWA calculations (Standardized, IRB, Slotting)
• Basic Understanding of SQL queries, functions and joins to retrieve and analyze data
• Ensuring the timely review and update of Key Process Maps, Standard Operating Procedures and EUDAs for better controls on activities and process
• IG Reconciliation process
• Preparation and review of IG reconciliations
• Preparation of Monthly KPIs
• Supporting Team with Mismatches and SDP submissions
• Handling Audit Queries and ensuring controls over the process all the time
• Key Achievements: Sec-166 audit, Resolution of legacy RWA issues, Set up IG SLB Process for FinRep and ECL calculations, Migration of processes from Mumbai (2012) and Manchester (2014)

Fixed Assets Process (Sep 2010 – Feb 2012)

♦ Assets set up in PSFAM (Fixed Assets System), Addition/Retirement/Transfer/Value adjustments of Assets, Expense off journal entries for non-capitalized asset purchases

♦ Reconciliation of Fixed Assets/Accumulated Depreciation/FA WIP Accounts and Maintenance and Circulation of Fixed assets Report.

♦ Roll Forward reporting including Depreciation account Analysis and Trend analysis

Corporate Accounting (May 2009 – Sep 2010) - Transition from Minneapolis, MN, U.S:-

♦ State Withholding Payment

♦ Journals for Inhouse cash movement

♦ Accounting for Treasury Disbursement System

♦ Reconciliations and KPIs

Key Achievements: Automation of Disbursement system accountings and tax payment journals, Automation of reports downloads for Fixed assets process saving FTE hours & improved accuracy

• In GE Money Reconciliations process and performed following tasks: -
• Reconciliations of Deferred Dues and Prepaid Commissions Accounts, Commission Payable Accounts, Escheat Payable Accounts, Miscellaneous Accrual Accounts
• Preparation of necessary journal entries & correction journal entries
• Daily bank related activity “Reverse Positive Pay” to ensure moving correct payments
• Key Achievements: Gold Award for Zero unreconciled accounts in 2007 and cheers award in 2008 for exemplary performance and adding value to work

Day to Day Accounting

Prepared TDS/Service tax/Income Tax returns

Client Billing and Staff Salary Processing