Mital Shah
Mumbai
Summary
Senior Finance Transformation, Banking & Risk Consulting Leader with 24+ years of experience across Deloitte, Kotak Mahindra Group, Reliance Capital, IDBI Bank and leading financial institutions. Proven expertise in enterprise finance transformation, Oracle ERP implementation, profitability & RAROC frameworks, FTP, cost allocation, balance sheet substantiation & reconciliation, risk control, regulatory reporting and governance frameworks across banks and NBFCs. Trusted CXO advisor and transformation program leader with a strong track record of delivering large-scale finance and risk transformation initiatives, strengthening financial controls, improving regulatory compliance, and building scalable finance operating models in complex regulated environments.
Overview
33
33
years of professional experience
Work History
Associate Director
Deloitte Touche Tohmatsu India LLP
Mumbai
07.2023 - Current
- Leading enterprise finance and ERP transformation programs across Tier-1 Banks and NBFCs.
- Architecting enterprise RAROC, FTP and profitability frameworks for risk-adjusted performance and pricing governance.
- Designing enterprise cost allocation and financial governance frameworks for transparency and regulatory alignment.
- Establishing enterprise balance sheet substantiation, reconciliation and financial control frameworks.
- Leading end-to-end Oracle Fusion ERP implementations covering CoA, GL, FA, AR, procurement, lease accounting, MIS and regulatory reporting.
- Trusted advisor to CXOs on finance transformation strategy, operating model design and enterprise roadmaps.
Senior Vice President (Financial Controller & BSG)
Kotak Mahindra Bank Ltd & Kotak Mahindra Prime Ltd
06.2007 - 07.2023
- Enterprise financial controllership, statutory reporting, IND-AS transition, balance sheet substantiation and audit governance.
- Enterprise regulatory reporting, disclosures and compliance governance.
- Treasury accounting, investment valuation, derivative accounting, NPA provisioning and ALM governance.
- Enterprise MIS, performance analytics and executive reporting frameworks.
- Enterprise budgeting, forecasting, cost governance and expense management.
- Large-scale ERP modernization and finance process automation programs.
Prior Banking & Financial Services Experience
Reliance Capital Ltd | IDBI Bank Ltd | Deutsche Securities| Vitara Chemicals
01.1993 - 01.2007
- Built a strong professional foundation across banking, NBFC, treasury, regulatory reporting, financial accounting, audit, taxation and MIS, with extensive exposure to regulatory reporting, NOSTRO reconciliation, CRR & SLR computation, ALM support, FTP servicing, treasury operations, investment valuation, NAV computation, SEBI compliance, statutory audits, taxation and systems implementation, establishing robust expertise in financial control, governance, compliance and operational excellence.
Education
Chartered Accountant -
ICAI
Cost & Management Accountant -
ICWAI
B.Com -
Diploma in Cyber Security -
01.2024
Certified Cyber Warrior -
Cyber Security Red Team -
IIT
IFRS 17 -
Insurance Contracts
IFRS 9 -
ECL Modelling
Skills
- Finance Transformation
- Banking & NBFC Consulting
- Oracle Fusion ERP
- Hyperion
- RAROC & FTP
- Cost Allocation
- Balance Sheet Substantiation
- Risk Control
- Regulatory Reporting
- Treasury & ALM
- MIS & Automation
- CXO Advisory
Key Enterprise Transformation Projects
- Finance & ERP Transformation, Catholic Syrian Bank (CSB Bank)
- Profitability, RAROC & FTP Architecture, Bank of Baroda, Bandhan Bank, Bank South Pacific (BSP)
- Cost Allocation & Financial Governance, HDFC Bank
- MIS, Regulatory Reporting & Automation, Aavas Financiers
- Enterprise Architecture & Strategic Advisory, Bank South Pacific (BSP)
Key Transformation Projects Kotak Mahindra Group
- Hyperion Budgeting System Implementation
- OBIEE Enterprise Reporting Implementation
- Calypso Treasury System – Money Market, FX & Derivatives
- Oracle ERP – Secondary Set of Books Implementation
- FinCon Reporting System – Expense Provision, Bank Reconciliation & Control Accounts
- Enterprise Handoff Process Automation
- ADF Regulatory Reporting – DBS1 & NDTL Testing
- Enterprise Data Warehouse Program
- Vendor Payment Automation System – KPAY
- IND-AS (SAS) Implementation Program
- Oracle ERP Upgrade – GL, CoA, Fixed Assets, Lease Accounting & Reporting
Additional Key Transformation Projects
- Kondor+ Treasury System & Kondor Trade Processing (KTP) – Reliance Capital
- Kastle Treasury Back-office System – Deutsche Securities
Languages
- English
- Hindi
- Gujarati
- Marathi
Timeline
Associate Director
Deloitte Touche Tohmatsu India LLP
07.2023 - Current
Senior Vice President (Financial Controller & BSG)
Kotak Mahindra Bank Ltd & Kotak Mahindra Prime Ltd
06.2007 - 07.2023
Prior Banking & Financial Services Experience
Reliance Capital Ltd | IDBI Bank Ltd | Deutsche Securities| Vitara Chemicals
01.1993 - 01.2007
Chartered Accountant -
ICAI
Cost & Management Accountant -
ICWAI
B.Com -
Diploma in Cyber Security -
Certified Cyber Warrior -
Cyber Security Red Team -
IIT
IFRS 17 -
Insurance Contracts
IFRS 9 -
ECL Modelling