NEHA SINGHAL
Chartered Accountant
Bangalore
Summary
Finance professional with 13 years of experience in Treasury, Product Control, and Hedge Accounting. Expertise in bonds, derivatives, and accounting standards, including IFRS 9 and IAS 39 hedge accounting frameworks. Led automation of hedging processes and system transitions. Proven ability to manage global stakeholder relationships and deliver impactful solutions in dynamic environments.
Overview
13
13
years of professional experience
Work History
Associate Vice President, HedgeAccounting Solution
Standard Chartered Bank
06.2024 - Current
- Managing the hedge accounting framework across diverse business lines and strategies, ensuring comprehensive hedge documentation, Day 1 effectiveness and accurate accounting treatment
- Solely responsible for preparation and validation of Note 14 (Derivative Financial Instruments) for Bank’s Balance sheet ensuring alignment with IFRS9/IAS 39 requirements and audit standards
- Performed hedge effectiveness testing (prospective and retrospective) using quantitative models and scenario simulations.
- Led hedge accounting strategies under IAS39, ensuring compliance and audit readiness
- Drafted the BRD and involved in system enhancement for hedge-related functionality.
- Responsible for appropriate controls and reviews are maintained for Daily P&L production, Month end close and BSS.
- Supported change project initiatives and conduct UAT for migration to new system.
- On-site exposure (South Korea) for Daily PnL and Hedge Accounting transition including month end and quarterly reporting
- Led internal and external audits, including walkthroughs, to assure compliance with regulatory and best audit practices.
- Overseeing EUC processes, SOX controls, and MRC frameworks, driving operational risk mitigation, compliance, and control effectiveness.
Manager, Corporate Treasury Specialist - FI
KPMG Global Services Pvt. Ltd
05.2023 - 06.2024
- Review complex accounting and hedge accounting treatment for derivatives across multiple corporates and regulated clients
- Work on Treasury accounting advisory reviews for hedge accounting assessments, valuation testing and accounting for complex financial instruments
- Assist in the preparation of presentations and marketing material
- Review financial statement disclosures for international clients and performing a technical specialist role Act as main point of contact for onshore department
- Maintain data confidentiality and adherence to the risk management policy by the team members.
Assistant Manager, Product Control
Bank of America
03.2022 - 05.2023
- Production and reporting of Daily PnL to Front Office & Senior Management
- Reconcile actual P&L with trader estimates and provide flash/actual variance analysis
- Execution of month end controls ensuring management vs financials P&L variances are within thresholds
- Liaise with various business partners such as Technology, Market Risk, Operations and Finance to resolve issues/queries
- Testing/UAT for systems work ranging from minor system releases to major system implementations
Senior Associate, Treasury
NatWest Group
10.2014 - 03.2022
- Oversaw and analyzed fixed income portfolio movements under Fair Value Hedge (FVH), including bonds and treasury securities paired with interest rate swaps and derivatives, delivering detailed insights and variance analysis.
- Led month-end close and financial reporting for the Holding Company and multiple business units, ensuring accuracy and timely submission of financial statements.
- Prepared and reconciled debt schedules and Balance Sheet Substantiation (BSS), maintaining a robust and accurate debt capital database.
- Maintained ledger integrity and ensured compliance with IFRS standards and GAM policies.
- Hands-on experience in IAS 39 hedge accounting (FVH and CFH)
- Ensured IFRS 9 compliance for Amortized Cost and Fair Value Option accounting of financial instruments such as AT1, Tier 2, and MREL, resolving classification mismatches and posting necessary adjustments.
- Performed Day 1 accounting validations and authored technical accounting papers for debt and capital issuances and redemptions.
- Managed end-to-end ledger control for capital market activities including new issuances, redemptions, buybacks, and Liability Management Exercises (LMEs), ensuring accurate P&L and balance sheet reporting.
- Developed SDP reporting packs to support regulatory and statutory disclosures, aligning with internal and external compliance requirements.
- Contributed to the migration of legacy Treasury systems and played a key role in the implementation of IFRS 9, enhancing automation and reporting efficiency.
- Built strong cross-functional relationships with Front Office, Middle Office, Accounting Policy, Valuation, Capital Forecasting, and External Reporting teams to ensure alignment and effective collaboration.
Assistant Manager
Dalas Biotech Limited
02.2013 - 09.2014
- LE Controller function, Journal entries, Ledger Review and close
- Preparation of Balance Sheet and Notes up to finalization and consolidation
- Supporting income tax and ROC returns, Internal, Statutory and Tax Audit
- Preparation of Annual Budget, comparison against actual, analysis of variances
Assistant Manager
AMG & Associates
08.2012 - 01.2013
- Working on Revised Schedule VI
- Finalization of Statutory Audits, Internal Audits and Tax Audits, return filing under Income Tax, Service Tax, Excise, VAT And TDS laws
Education
CA -
Institute of Chartered Accountants of India (ICAI)
05-2012
Bachelor's Degree - Finance & Accounts (B.Com)
University of Delhi
01.2011
Skills
- Financial Instruments
- Hedge Accounting
- Disclosures and reporting
- Project management
- Audit & SOX Governance
- Regulatory adherence
Timeline
Associate Vice President, HedgeAccounting Solution
Standard Chartered Bank
06.2024 - Current
Manager, Corporate Treasury Specialist - FI
KPMG Global Services Pvt. Ltd
05.2023 - 06.2024
Assistant Manager, Product Control
Bank of America
03.2022 - 05.2023
Senior Associate, Treasury
NatWest Group
10.2014 - 03.2022
Assistant Manager
Dalas Biotech Limited
02.2013 - 09.2014
Assistant Manager
AMG & Associates
08.2012 - 01.2013
Bachelor's Degree - Finance & Accounts (B.Com)
University of Delhi
CA -
Institute of Chartered Accountants of India (ICAI)
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