Murugaraj Thyagarajan

• Leading Treasury Product Control functions, primarily Cash Management business.
• Managing the Daily P&L packs of APAC & EMEA region, out of Bangalore
• Products include all funding products, primarily Repo & Rev Repos, Secured loans, Affiliate deposits, TomNext & Same Day FX Forwards.
• Manage the IRR and FX delta for the entire Treasury portfolio
• Monitoring the carry cost mechanisms of other Asset class, and signing off the Unallocated Carry P&L pack

• Lead the Central PC functions for entire asset class
• Worked with the regional CFOs to ensure that the interfaces between FM transaction booking systems and country level accounting are properly maintained and controlled.

• Reviewed Hedges Daily PnL for Treasury Markets Global (Products include IRS, CC Swaps, ND Swaps), and developed expertise in Hedge Accounting as per IFRS 9
• Reported clean MTM globally and calculation of PV01 for all the IRD deals substantiating the market move on daily basis
• Validated the Day1 P&L for Interest rate derivatives
• Produced weekly Hedge ineffectiveness for all the IRD trades.
• Substantiated Cancel & Amended trades & performed Off-market rate review
• Accounted for IPV adjustments (Bonds + Derivatives)& Bid-Offer reserves

• Produced / Reviewed Daily PnL of various Treasury Markets Desk P&L (Actuals v/s Flash reeconciliations)
• Validated / reported Funds Transfer Pricing, Cost of Liquidity, Cost of Equity Deployed / Cost of Free Funds across Treasury Market Desks
• Balance Sheet Reconciliation done at every Quarter end and ensured all the Fair Value Accounts are signedoff, properly substantiated with business reasons for the material movements at Account cluster level
• Performed Trading V/s Banking Book reconciliations

• Overall responsibility of Accounting and Economic Balances for Fixed Income Products [Primarily: Bonds, Interest Rate Swaps, Cross Interest Rate Swaps, ND Swaps, Repos]
• Full Ownership of Monthly Closing Activity - End of Month Postings, Monthly Balance Sheet and PL controls
• Overall responsibility of substantiating Inter-company Transactions and balances, partnered with different support groups to resolve these breaks in a timely manner
• Identified IFRS GAAP Differences and posted adjustment Entries on a monthly basis
• Facilitated both Internal and External Audits

Legal entity controller for Barclays Asset Finance entities.

• Accounting for Impairments based on IAS 39 / IFRS 9
• Produced IFRS 12, IFRS 13 and IFRS 10 packs to Barclays Group Financial Reporting Team
• Sending Weekly / Monthly Bank of England [BOE] Reporting and Finance Leasing Association [FLA] Reporting
• Accounted for Commitment Balances and Risk Weighted Assets, based on Basel III Norms.