Prashant Sapra
Bangalore,Karnataka
Summary
Goal-oriented professional looking forward to a position where I can learn and contribute to both personal and organizational growth
A competent professional with more than 18 years of experience in: ~ Valuation and IPV ~ Financial Control ~ Internal Controls & Checks ~ Consolidation & Close ~ Legal Entity Reporting ~ Team Management ~ Regulatory Reporting ~ Project management ~ Intercompany
Overview
19
19
years of professional experience
Work History
Assistant Vice President (AVP for IPV Valuation & Reporting)
State Street Global Services
Bangalore, Karnataka
08.2020 - Current
- Leading team for Daily Independent Price verification of FX including off market transaction along with valuation and IPV of Investments & FX Derivatives for Global State street locations
- Management of controllers managing various daily/weekly/monthly and quarterly PC controls. Ensure quality controls and ample support to meet the demands of the business, Front Office, auditors, and regulators across global jurisdictions.
- Responsible for Validating Interest Rate D1 curve made up of SOFR (OS) SOFR (OF) and OW for all Global State street locations on daily basis.
- Responsible for highlighting to risk committee and senior management on outliers and exception during the month with reasons.
- Responsible for signing off controls and its audit for FX, interest rate curves, derivatives along with Investments and LT debts.
- Ensuring FV of Long Term debt by doing IPV recalculation for quarterly reporting purpose.
- Ensuring internal control in processes by having inbuilt checks and highlighting issues in timely manner.
- Responsible for Monthly and Quarterly Valuation Binder along with Levelling of Investment portfolio.
- Responsible for managing relationship between controllers, GAO team in case of any queries from higher ups or auditors.
- Responsible for streamlining processes through reduction in procedures, resource productivity and improving the quality of workforce through proper mentoring.
Assistant Vice President (Legal Entity Controller)
Barclays Shared Services
Noida, Uttar Pradesh
08.2018 - 08.2020
- Responsible for team month end close accounting, substantiation, and intercompany reconciliation and reporting of UK Business entities having multiple business unit.
- Managing team for Month end accounting & reporting of 13 SPV (Special Purpose vehicle) entities involved in providing financial guarantee to Barclays corporate.
- Managing detailed EIR Analysis (Effective Interest Rate) of all fees income of entity banking based upon IFRS9 changes and its amortisation.
- Leading team responsible for Stat and Finrep reporting for loan & impairment.
- Responsible for managing relationship between BSS Noida, London Group Finance in case of queries from group reporting or any amendments in regulatory reporting via Statistical notices etc.
Associate Vice President – Central Bank Reporting
Royal Bank of Scotland
Gurgaon, Haryana
01.2013 - 07.2018
- Imparted continuous on job training to the team members on enhancing their productivity & operational efficiencies.
- Entrusted with the responsibility of reviewing monthly and Quarterly returns. Key Returns include Balance Sheet (BT), Profit & Loss (PL), Effective Interest Rates (ER), Analysis of Lending (AL) & Analysis of Deposits (AD), LN return.
- Ensuring adherence to Regulator guidelines based upon statistical notices issued by them.
- Working in coordination with Business divisions along with Chief accountants to manage regulatory queries.
- Administering the development and maintenance of the Regulatory reporting Manual and associated procedures.
Assistant Manager (Bank of England Reporting)
Barclays Shared Services
Noida, Uttar Pradesh
08.2011 - 12.2012
- Involved in leading a team responsible for final review of regulatory returns of Barclays at consolidated level including all clusters i.e Retail/Commercial Banking/Treasury and Investment Banking.
- Responsible for managing relationship between BSS Noida, London Group Finance in case of queries from regulator or any amendments in regulatory reporting via Statistical notices etc.
- Responsible for answering regulator queries on the returns submitted along with resubmission required if any.
- Managing getting Approvals and sign off the returns before submission to Bank of England & other regulators.
- Responsible for streamlining processes through reduction in procedures, resource productivity and improving the quality of workforce through proper mentoring.
Assistant Manager
HSBC EDPI
Gurgaon, Haryana
10.2009 - 08.2011
- Consolidation of HSBC bank Canada subsidiaries and elimination adjustments for intercompany.
- AFS (Available for sale) accounting on HSBC Investments in mutual funds including dividend distributions and redemptions and quarterly / annual reporting with variance analysis.
- NI (Net income) Analysis and preparation of financial statement commentary of the subsidiaries on monthly basis.
Accountant-II
Fluor Daniel India Pvt. Ltd.
Gurgaon, Haryana
10.2006 - 09.2009
- Bank Reconciliations
- Transfer Billing
- CPC Audit.
- FP & A & MIS Reporting.
Education
Cost & Management Accountancy -
Institute of Cost Accountants of India
01.2006
Postgraduate Diploma in Finance -
Symbiosis Centre for Distance Learning (SCDL)
01.2008
B.Com (H) -
Deen Dayal Upadhya College, Delhi University
01.2003
Skills
- SAP 6
- Hyperion
- Oracle ERP Packages
- Advanced excel skills
Languages
- Hindi
- English
- Hindi
Personal Information
Date of Birth: 02/05/83
Industrial Trainings
Indian Oil Corporation Limited, New Delhi, Delhi, Cost Trainee, 06/01/05, 03/31/06
Others
- Underwent a Computer Course from NIIT
- 'BW (Business Warehouse) Certification Program' Certificate awarded by FLUOR
Timeline
Assistant Vice President (AVP for IPV Valuation & Reporting)
State Street Global Services
08.2020 - Current
Assistant Vice President (Legal Entity Controller)
Barclays Shared Services
08.2018 - 08.2020
Associate Vice President – Central Bank Reporting
Royal Bank of Scotland
01.2013 - 07.2018
Assistant Manager (Bank of England Reporting)
Barclays Shared Services
08.2011 - 12.2012
Assistant Manager
HSBC EDPI
10.2009 - 08.2011
Accountant-II
Fluor Daniel India Pvt. Ltd.
10.2006 - 09.2009
Cost & Management Accountancy -
Institute of Cost Accountants of India
Postgraduate Diploma in Finance -
Symbiosis Centre for Distance Learning (SCDL)
B.Com (H) -
Deen Dayal Upadhya College, Delhi University