Prachi Machivale
Thane
Summary
Dynamic finance professional with extensive experience at ICICI Bank Limited, excelling in Derivatives and Forex markets. Proven track record in achieving 100% regulatory compliance and enhancing team performance through effective leadership. Skilled in MS Excel and process automation, driving efficiency in treasury operations and reconciliations.
Overview
10
10
years of professional experience
Work History
Manager - Derivative & Forex Trade Validation Team
ICICI Bank Limited
Mumbai
10.2021 - Current
- Spearheaded back-office operations for Forex and Derivative trade validation through the Murex, Reuters and Bloomberg applications.
- Managed regulatory reporting for domestic and IBG trades, i.e., DTCC, UK EMIR, MIFID reporting, etc. With achieving 100% compliance.
- Facilitated collaboration among cross-functional teams, including Underlying, Settlements and Confirmation.
- Conducted training sessions to enhance team proficiency in Derivatives and Forex Merchant products.
- Established productive relationships with interbank and corporate counterparties.
- Reconciled diverse treasury products, resolving discrepancies efficiently.
- Developed macros to automate reconciliation processes, reducing manual effort significantly.
- Prepared and submitted comprehensive Management Information System reports, providing insights for the Treasury Head.
Accounts and Taxation Manager
SSKCON Groups
Mumbai
06.2019 - 11.2021
- Prepared Profit & Loss reports and financial statements for senior management decision-making
- Ensured GST returns and audit compliance while liaising with tax authorities
- Provided strategic insights on budgetary planning and expenditures
- Managed the preparation and filing of tax-related documents including GST and VAT audits
Articled and Audit Assistant
M/s. Vaishampayan and Padhye, Chartered Accountants
Thane
02.2015 - 02.2018
- Conducted internal audits for nationalized and co-operative banks, ensuring regulatory compliance
- Played a key role in retail asset audits for Saraswat Co-op Bank and IDBI Bank
- Supported tax compliance efforts including the filing of Income Tax Returns and TDS reports
Education
Chartered Accountant -
ICAI (Institute of Chartered Accountants of India)
MumbaiBachelor of Commerce -
Mulund College of Commerce
MumbaiHigher Secondary School Certificate -
Mulund College of Commerce
MumbaiSecondary School Certificate -
Mumbai University
MumbaiSkills
- Derivatives and FX markets
- Tech Friendly
- Regulatory compliance
- Treasury operations
- MS Excel and financial analysis tools
- Team leadership and process improvement
- Reconciliations and its macros
Hobbies and Interests
- Music
- Photography
Languages
- English, Very Good
- Hindi, Very Good
- Marathi, very good
Personal Information
- Title: Chartered Accountant | Fx & Derivatives | Treasury Ops and Trade Validation Specialist
- Date of Birth: 02/16/96
- Nationality: Indian
- Marital Status: Married
Timeline
Manager - Derivative & Forex Trade Validation Team
ICICI Bank Limited
10.2021 - Current
Accounts and Taxation Manager
SSKCON Groups
06.2019 - 11.2021
Articled and Audit Assistant
M/s. Vaishampayan and Padhye, Chartered Accountants
02.2015 - 02.2018
Chartered Accountant -
ICAI (Institute of Chartered Accountants of India)
Bachelor of Commerce -
Mulund College of Commerce
Higher Secondary School Certificate -
Mulund College of Commerce
Secondary School Certificate -
Mumbai University