Mukesh R Sharma
Mumbai,MH
Summary
Solution Architect with 18 years of comprehensive experience spanning Commercial Banking, Investment Banking, and software product companies. Proven expertise in the strategic rollout and end-to-end implementation of Treasury and Global Market solutions across Front Office, Middle Office, and Back Office functions in diverse geographies, including India, Europe, South East Asia, the Middle East, and Africa. Adept at ensuring seamless system integration, regulatory compliance, and localization to meet market-specific requirements. Recognized for strong stakeholder and partner management skills, with a track record of effectively engaging with all levels of the organization — from CXOs to platform engineers.
Overview
20
20
years of professional experience
Work History
Senior Vice President, Business Solution Group
KOTAK MAHINDRA BANK LTD
Mumbai
03.2020 - Current
- Company Overview: Treasury & Global Markets Business Solution Group India, GIFT, & DIFC
- Driven the comprehensive launch and management of Bank's product offering, including Fixed Income, FX Products for individual, corporate, and interbank clients, as well as Derivatives such as Interest Rate Swaps (IRS), Cross-Currency Interest Rate Swaps (CIRS), FX Options, and Bond FRA etc.
- IBOR Transition Programme across Kotak Mahindra Bank, GIFT, and DIFC entities (~$ 6 Billion notional & ~1000 active Contracts)
- Led transition efforts from LIBOR to risk-free rates (SOFR, SONIA, ESTR, Modified MIFOR) across derivatives and loan portfolio, ensuring full compliance with global regulatory timelines
- Collaborated with legal and front office teams to assess and remediate over 1,400 legacy contracts, exposure risks recalibration for 100% contracts
- Implemented system enhancements for IBOR transition in Calypso, coordinating with IT to update pricing models and valuation adjustments
- Conducting detailed impact assessments on product offerings, pricing, valuation, regulatory compliance, and internal MIS across multiple business segments
- Spearheaded multiple Digital Transformation & Process Automation initiative :
- Designed and launched one of its kind an award winning FX Merchant web portal (~20K clients' on boarded) with intuitive UI, real-time exposure monitoring, built-in internal controls, and API-based integration with core Treasury platforms.
- Implemented more than ~200 real time market risk limits in FM Converge platform covering all Treasury products, real time robust market data inputs for mark-to-market valuation, risk exposure measurement (e.g., Greeks, sensitivities), and end-of-day P&L attribution
- Partnered with the Treasury Back Office team to automate Standard Operating Procedures (SOPs) and critical operational documents within the Bank's enterprise AI knowledge platform, enabling secure “anytime-anywhere” access, AI-powered search, version control, and compliance-ready retrieval — resulting in faster turnaround, reduced operational risk, and improved productivity.
- Strong understanding of essential market data inputs for accurate valuation, risk sensitivity computations, trading, and P&L attribution across Global Markets products
- Led successful upgrade and transition of industry-leading Treasury & Risk solution platforms, including :
- Calypso: Led version migrations from v14 to v16 and v16 to v18, overseeing requirement analysis, end-to-end validation, system integration, and user training.
- FinMechanics Converge (FMC): Managed the transition from an on premise instance to the latest FM Converge Cloud platform, ensuring seamless migration of business processes while enhancing scalability, performance, and regulatory compliance.
Senior Manager Financial Services Risk Advisory
Ernst & Young LLP, India
Mumbai
09.2013 - 03.2020
- Company Overview: Financial Services Risk Advisory (AIM - Africa, India & Middle East)
- Led engagement for another Global Investment Bank for doing UAT for IRRBB models for 32 countries. Successfully delivered engagement by setting up an efficient and cost effective onsite-offshore model between India and Singapore
- As a UAT programme manager for a strategic Risk and Finance data platform with Global Investment Bank(300 million CHF project), have built UAT plans across various delivery tracks (Vertical programs covering IHC, CCAR, FDSF, , MRCID, MR Adoption, FRTB) identification of inter-dependencies and clear deliverables for the solution's data horizontal program
- Led engagements for implementation of ALM & FTP – SAS solution, good understanding of ALM solutions like SAS, Moody's, Ambit Capital, FERMAT etc. architecture, predominately in middle east region
- Worked on review/validation and development of Capital Management Framework, Capital Plan, ICAAP and Stress testing framework as part of Pillar II implementation in India and Middle East region
- Developed stress testing framework which included developing stress testing methodologies and scenarios in line with the advanced approaches for Market Risk
- Build framework for setting of market risk limits while ensuring the optimum utilization of the risk appetite of the bank for the largest public sector banking group of India
- Pre-sales activities like drafting or responding to RFP, scheduling / attending pre-bid meeting, vendor demos, site visits, setting up commercial negotiation or payment milestone at both private and public sector Banks in India / regional for Banks
- Actively involved in business development by building and maintaining relationships with product companies, banking and financial institutions within India and globally, regional relationships within EY, member of EY's global Blockchain group
- Supported external and internal audit requirements by establishing robust documentation, exception monitoring, and audit trail processes for all Treasury applications & associated processes
Techo Functional Business Analyst for Integrated Treasury & Market Risk Solution Implementation
3i Infotech Ltd, India
Mumbai
12.2009 - 09.2013
- Company Overview: Assistant Manager, Banking Product Group
- Successful completion of more than 10 Integrated Treasury and Market Risk Management solution in India, south east Asia, east & west Africa, Middle East region
- Conducted system walk-through workshops with business users, listing system gaps, doing the impact analysis and suggesting alternative solution
- Understanding & analyzing the Complex Functional requirements for measuring sensitivity of earnings and economic value to adverse movements in interest rates
- Validated risk sensitivities computation i.e. value at risk numbers using the Historical Simulation method for Bonds, Treasury bills and other money market instruments
Business Analyst SmartStreamReconciliation
Patni Computer Systems Ltd
Mumbai
09.2007 - 07.2008
- Business Analyst for SmartStreamReconciliation
PMO Analyst Reconciliation Operation
JP Morgan India Services Private Ltd
Mumbai
07.2006 - 09.2007
- Company Overview: PMO, Change Management Team
Datamatics Technologies Ltd
05.2005 - 07.2006
- Company Overview: Developer & manual testing Consultant
Education
PGDM - Corporate Finance & Investment Banking
ITM Business School
Mumbai, India01.2009
Bachelor of Commerce -
Mumbai University
Mumbai, India05.2005
GNIIT -
NIIT Institute Mumbai
05.2005
Skills
Market Data Utilization & Pricing
Market Data Utilization & Pricing
Market Data Utilization & Pricing
Market Data Utilization & Pricing
Market Data Utilization & Pricing
Market Data Utilization & Pricing
Market Data Utilization & Pricing
Timeline
Senior Vice President, Business Solution Group
KOTAK MAHINDRA BANK LTD
03.2020 - Current
Senior Manager Financial Services Risk Advisory
Ernst & Young LLP, India
09.2013 - 03.2020
Techo Functional Business Analyst for Integrated Treasury & Market Risk Solution Implementation
3i Infotech Ltd, India
12.2009 - 09.2013
Business Analyst SmartStreamReconciliation
Patni Computer Systems Ltd
09.2007 - 07.2008
PMO Analyst Reconciliation Operation
JP Morgan India Services Private Ltd
07.2006 - 09.2007
Datamatics Technologies Ltd
05.2005 - 07.2006
PGDM - Corporate Finance & Investment Banking
ITM Business School
Bachelor of Commerce -
Mumbai University
GNIIT -
NIIT Institute Mumbai
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