RAJESH JILKA
Pune
Summary
Accomplished Executive Director recognized for leveraging strong team leadership and development to drive forward progress. Highly organized, detail-oriented leader skilled in directing high-performing teams to develop solutions and solve operational and technical problems. Success implementing systems across multiple operations with superior organizational and communication skills.
Overview
32
32
years of professional experience
Work History
Executive Director
UBS (formerly Credit Suisse)
Pune
03.2014 - Current
- Conducted research, analyzed data, and developed reports for senior leadership team.
- Developed and implemented strategic plans to achieve organizational objectives.
- Monitored performance metrics of departments and provided feedback to executives.
- Assisted in budgeting process by evaluating costs and allocating resources appropriately.
- Implemented innovative solutions to improve overall productivity levels within the organization.
- Formulated key performance indicators that measure success against set goals and objectives.
Product Controller (Executive Director)
J.P. Morgan
Singapore
01.2012 - 02.2014
- From 2010 heading Product Control function for Asia Commodities Group in Asia spanning across different geographical market with key interests in Singapore and China as well as diversified product offering in Oil, Metals, Agricultural products and Coal markets both in financial and physical underlying
- Product Control responsibilities include: With diverse product offering and increased demand for commodity solution in Asian market, leading dynamic team of 6 product controllers to achieve efficiency, talent growth and build strong control environment
- Partner with business in new business initiative as well as structuring solution to provide optimum advise on accounting principles, punitive capital environment and challenging funding requirements
- Physical commodity required significant focus to ensure structuring solution is workable for client jurisdiction as well as achieve required disclosure outcome
- The outcome of training session for front office and engagement on transactions has lead to pre-clearance of physical transaction through me and/or structuring team before execution
- This has created stronger process on pricing and structuring of the deal as well as improved control for the physical transaction earlier in the life cycle of trade
- Monitoring and adhering to strong end-to-end controls in Product Control function involving daily P&L production and analysis, Risk review and sign off, P&L forecasting and drift reviews, regulatory reporting and disclosure, interaction with valuation group on off market trades and large value trades, month end close monitoring and adhering to accounting GAAP etc
- Played a role in driving the risk commentary in PC function to be more aligned with trader’s risk review and granular for head desk to understand key risk components in P&L drivers for the day
- Active involvement in setting up special purpose entity in China for Commodities business operation for trading in onshore market
- Special purpose entity has enabled business to take advantage of domestic market dynamics and provide onshore clients with hedging and financing solution
- Worked with onshore teams in ensuring addressing local market nuances, indirect tax solution in internal system as well as funding solution for onshore operation
- Engaged in creation of performance measure for the business on monthly basis to identify key performance measurement as well as focus area in both businesses, client exposure, expenditure and head count
- Management forum helped in taking key deep dive analysis in 2012 in cost focused areas to optimise bottom line as well as expanded into capital optimisation exercise to review restructuring potential, netting agreement review as well as operating risk principles
- Engagement included revenue-planning process on annual basis for commodities business in Asia
- Active member in system migration for Commodities business for vendor system to internal infrastructure for both financial and physical businesses
- This not only involved change in the risk management system but also downstream systems and P&L workflow to optimise team on the new workflow
- Acted as global coordinator for the Legal Entities Attribution project run across JPMorgan for Commodities business
- This project involved review of Legal Entities usage across businesses and ensuring review of booking in line with regulations, revenue-expense matching, allocation basis as well as driving to efficient operating model for taxation and regulatory compliance
- Through the project, we had agreed on creation of global master revenue agreement where I was core member in the project team across the regions
- Involved in merger and transition of acquired businesses from RBS Sempra in 2010 with complex energy positions into company’s infrastructure and risk stripes
- As a part of initiative engaged in Legal Entity rationalisation with entity controllers and tax teams for acquired entities in 2011
Product Controller (Vice President)
J.P. Morgan
Singapore
06.2006 - 12.2011
- From mid 2007 working as business controller for Rate Exotic business in Asia which trades in interest rate, FX and other composite trading risk products
- On regular basis the Business controller in Exotic business involves: Managing team of 7 staff in daily performance of control reviews for trading desk in ensuring appropriate financial statement representation including market risk and P&L analysis, cash flow and downstream feed reviews
- Partnering with regional Exotic trading business in new product and/or market launch including reviews for structured transaction issuances
- Monthly Financial performance review with head of Exotic business in Asia
- Periodic review of control environment through KPI monitoring, Control self assessment and SOX testing
- Ensuring monthly close of financial statement in time together with ensuring trader review of post cost activity to reflect accurate risk and revenue in trading system
- Periodic High Risk Transaction review in terms of financial statement representation and regulatory implication
- Senior management reporting of financial health in exotic business through periodic KPI, periodic attestations and escalation of issues in time
- Training and development of juniors in the team to next level
- Career planning in team to ensure continuity and development
- Acting as advisor to business on financial risk management, there is regular engagement on potential structures, balance sheet usage, RWA implication and accounting guidelines that enable business in understanding costs and implication of business decision
- On business controller skills, have revamped the control processes in regional Exotic business in 2008 where by each of ad-hoc issues and end-to-end process in control function were analysed for control gaps and new control process was put in place
- Within six months, the team was highly effective, productive and enriched with end-to-end control knowledge but was point of contact in matters relating to other support groups
- The experience has gained me effective leadership, team management, influencing and networking skills
Financial Control – Banking and PD entity in India
J.P. Morgan
India
01.1997 - 06.2006
- Developed in-depth knowledge of financial control in managing legal entity together with development of regulatory, accounting, product and taxation skills
- The controllership involved, location business support for treasury and derivatives transaction business, regulatory reporting and compliance, financial analysis, tax planning, accounting and budgetary control
- In 2005/ 06 performed Product control review and documentation of end to end processes for the trading products and highlighting control issues in each of the processes to enhance the control environment
- In 2002/03, transformed the existing manual system of regulatory reporting to automated application by initiating and channelising the idea thus facilitating the development of the in house system and ensuring accurate and timely submission of central bank reports
- Facilitated accelerated “financial management reporting” by automating most of the tasks involved in the process and thus ensuring the timely and accurate reporting
- Accounting policies review and implementing new regulatory standards in control performance and review
Audit & taxation – banking and Corporate
Chokshi & Chokshi
India
01.1993 - 01.1996
- Internship for Chartered Accountancy
- Major assignments included Consolidated Statutory audit of companies, Co-operative Banks..
- Also, involved in investigation assignment for banks
Education
Chartered Accountant - Financial Accounting, Audit and taxation modules
Institute of Chartered Accountants of India
01.1996
Cost Accountant - Cost Accounting and quantitative techniques modules
Institute of Cost and Works Accounts of India
01.1995
Bachelor of Commerce - Financial accounting and Financial Measurement
University of Bombay
01.1993
Skills
- Financial Control
- Product Control
- Commodities
- Fixed Income
- Foreign Exchange
- Accounting Policies
- Regulatory Guidelines
- Risk Profiling
- Downstream Processes
- Gap Analysis
- Financial Transaction Cycle Control
- Controls Evaluation
- Standardisation of Reporting
- Financial Analysis
- Performance Measurement
- Result Oriented
- Operational planning
- Talent management and staffing
Phone
- 91, 9168 268811
Residency
Singapore P.R. (2007-2017)
Associationmembership
Institute of Chartered Accountants of India
Hobbies and Interests
- Traveling
- Non-fictional reading
Personal Information
- Number of Children: 1
- Nationality: Indian
- Marital Status: Married
Timeline
Executive Director
UBS (formerly Credit Suisse)
03.2014 - Current
Product Controller (Executive Director)
J.P. Morgan
01.2012 - 02.2014
Product Controller (Vice President)
J.P. Morgan
06.2006 - 12.2011
Financial Control – Banking and PD entity in India
J.P. Morgan
01.1997 - 06.2006
Audit & taxation – banking and Corporate
Chokshi & Chokshi
01.1993 - 01.1996
Chartered Accountant - Financial Accounting, Audit and taxation modules
Institute of Chartered Accountants of India
Cost Accountant - Cost Accounting and quantitative techniques modules
Institute of Cost and Works Accounts of India
Bachelor of Commerce - Financial accounting and Financial Measurement
University of Bombay
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