Nagsaeswar Meda

fdsfdsafsd

Jun 2020 - Current

Business Analyst- Product Control| Portfolio Management

Barclays Investment Bank

Work Exposure:

· Fair Value Loans and Equity Management: Independently managed monthly processes for Fair Value (FV) loans and equity. Maintained regular communication with Front Office (FO) and Operations (Ops) teams to stay informed about positions and address any associated issues promptly. Ensured accurate and timely submission of quarterly and half-yearly reports within specified deadlines.

· Loan Modification Analysis under IFRS9: Prepared monthly files for analyzing loan modifications, distinguishing between substantial and non-substantial changes in financial instruments. Ensured accurate and timely submission of quarterly and half-yearly reports in compliance with deadlines.

· Loan Sale Management and Process Optimization: Managed end-to-end loan sale activities, including preparing instructions, coordinating with operations teams for processing in ACBS, informing FO about loan sale PnLs, updating trackers, reconciling with settlement tools, and posting monthly journals. Adapted to changes in loan sale recognition methodology and settlement systems, liaised with impairment team for smooth transition, and updated working files to accommodate new models.

· FX Exposure Management: Prepared reports to identify, manage & report critical currency exposures. Provided instructions for FX sell-off to ensure accurate management of FX.

· Systems Proficiency and Control Maintenance: Maintained a comprehensive understanding of various business systems such as ACBS, MOTIF, SAP, and FAS, which facilitated operational efficiency and enhanced process understanding. Ensured control maintenance by reviewing key processes, conducting adjustment substantiation, and managing FOBO reconciliations on a daily basis. Additionally, coordinated with FAS teams to automate reports, resulting in significant time savings.

· P&L Production and Other Allied Activities: Managed daily P&L, including P&L attribution, commentary, substantiation, FvF investigation, and month-end reconciliations for PM Core Loan P&Ls & CDS P&Ls across US, UK, BBIe, and APAC.

· Monthly Reporting and Analysis: Prepared comprehensive monthly business packs and commentaries, analyzing business performance, identifying key factors/products driving performance, and assessing variances across different time periods. Presented findings to the senior management on a monthly basis.

· ILS Business reporting: Produced monthly ILS business reports, including PnL and MIS reports, and presented them to senior management. Strengthened controls within ILS files to significantly reduce the potential for manual errors.

· Cross-Team Exposure: Worked across multiple teams, primarily focusing on PM Core Loans for almost 3 years, and in the last year engaged with SRT Team, Impairment Team, and CBC teams. Undertook critical tasks formerly handled by AVPs in SRT, CBC, and Impairment teams, contributing to a broad understanding of other businesses structures and processes.

· Monthly Undertakings:

§ Resolved SAP GMIS breaks and provided FC commentaries.

§ Prepared MIS reports for CRE Business.

§ Reconciled and substantiated INFORM account balances, ensuring accuracy, and provided sign-off.

§ Identified and resolved control exceptions, maintaining continuous liaison with operations to address them, resulting in a significant decrease in IARs.

§ Reported monthly reconciliation of VCR and BLBS for FV loans, equities, and CDS positions.

§ Addressed system limitations by managing the monthly posting of numerous manual journals within the impairments team, ensuring accurate reflection of accounts in US GAAP and IFRS.

· Ad hoc Responsibilities:

§ Amended TDB mappings, reducing monthly reclass journals and saving time.

§ Acted as SPOC for SOX audit from 2022 to the first half of 2023 while part of the PM core loans team.

§ Ensured timely delivery of weekly reports with Counterparty-wise balances of US fair value loans for regulatory reporting purposes.

· Projects Handled:

1. Fronting Swingline Loans Project: Led project from inception to completion, overseeing design, communication with senior management and front office, data analysis, monthly accounting, and resolution of issues. Collaborated with various teams including CREs, Risk IT, and BDM for successful implementation. Delivered reports to Risk and Impairment teams for RWA and impairment calculations. (Recognition received: "Service")

2. ACBS Asia UAT Testing for RFR Loans: Conducted independent UAT testing for ACBS Asia, ensuring thorough testing of input and output files. Provided timely feedback to teams and received recognition for coordinating and completing the testing independently.

3. Equities Tail Migration Project: Co-participated in a two-month project focusing on comprehensive testing and issue identification for equities tail migration. Effectively communicated issues to SME team, ensuring a smooth transition when the project went live.

4. P&L upon Loan IQ Facilities Migration: Recognized for active commitment resulting in the successful Portfolio Management ACBS facilities migration to Loan IQ. Prepared daily P&L during the first batch migration, identifying and liaising with the Loan IQ team to address multiple issues. (Recognition received: "Stewardship")

Achievements:

i. Contributed 5 articles to Wisdom Wednesday which was a L&D initiative by PM team that involved preparing and sending weekly mails on finance/banking related topics and 1 article for Banking Newsletter series. Received appreciation mails from colleagues and from senior management.

ii. Got placed second in the number of recognitions received among analysts received for the year 2022.

iii. Contributed to "Banking Newsletter" activity with a write up on "ESG" and have received appreciation mails from colleagues.

iv. Organized Fin Fest, a L&D initiative for Banking Team in 2021. Received appreciation mails from colleagues and from senior management.

v. Presented a L&D session for Banking Team on the topic, ‘Equity Restructures.’

· Preparation of Long Form Audit Report, Manner of recognition of NPAs, and Verification of different types of advances in Bank audits.

· Handling Tax audits as per Income Tax Act and GST Act.

· Handling Stock and Internal audits.

· Finalization of financial statements and ensuring that they are properly stated in accordance with applicable reporting framework.

· Preparing audit programs in consultation with clients.

· Examining operating efficiency and adequacy of established processes and internal controls.

· Identifying various risks associated with each process and mapping with controls mitigating it by preparing Risk and Control Matrix.

· Analysis of debtors and creditors - ageing, recovery period and balance confirmation procedures.

· Reporting critical audit observations with risk grading and effective recommendations.

· Leading audit team effectively as per audit plan.

· Active participation in report discussion with management.

· Verification of statutory compliances as per various laws such as Income Tax Act, GST Act, Service Tax Act.

· Investigation and reconciliation of discrepancies and working with clients to make accounting proper.

· Performed analysis and research to compile data to submit to auditor for special projects.

· Provided administrative and management assistance to auditor and directed activities in office.