RAVI RATHI

• Currently managing a team of 30+ Treasury Product Controllers and Valuation Control Specialists including responsibility for the training and career development of the team.
• Direct 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.
• Managing Team of VC specialists covering Independent Price Verification, Reserves and Mis-pricing adjustment calculation on Bonds, ABS, and derivatives portfolio. Guiding the team on quarterly PVA computations for the Treasury positions.
• Liaising across other PC Asset class leads, Country Finance teams, Finance Change, Market Risk, IT, Operations, Technical Accounting and Group Financial accounting teams to ensure any ad- hoc requests are quickly managed.
• Ensuring the integrity and effectiveness of Balance Sheet substantiation process. Generating quarterly attestation reports of traded Balance Sheet with global coverage and variance analysis of balance movement over quarter. Reviewing balances to quantify “At Risk” balances.
• Actively running Fast books close initiative for Treasury wherein liaising and coordinating with controllers for fast close of processes, highlighting challenges and preparing plan to achieve Month end +3 close timeline.
• Managing Change within Treasury space covering bank’s transformational journey to Strategic SAP platform (Aspire) and other business focus Transaction processing projects (like GPTM, Razor)
• Review of monthly Key risk indicators reports and control sample testing documents. Analyzing any operational risk embedded in various processes and creating necessary controls.
• Leading Rewards & Recognition (R&R) forum and part of Learning & development (L&D) forum to provide technical & soft skill trainings, creating control mindset across the team and recognizing the efforts put in by individuals over the period.

Leading Fincon central controls Group within Product Control, Bangalore. This is a specialized function within Product Control covering all asset classes focusing on central PC controls for Global Markets, Global Credit and Treasury Businesses.

• Daily P&L reporting- Overseeing daily/ monthly MIS P&L reporting (internal and external) for entire Financial Markets, Corporate Finance and Principal Finance business. Ensuring that all new business requirements are incorporated in the reporting mechanism and new initiatives are actively pursued.
• Lead the deign and implementation of IFRS9 Classification & Measurement stream from PC: Classification & Measurement of exposures as required by IFRS9 for all Financial & Non-Financial systems of the bank. Also, led to manage Expected Credit Loss write back process.
• Monitoring of daily, month end and quarter end controls like Core Transaction Processing to Sub ledger to General ledger flow control. Ledger vs. MIS P&L Reporting-Overseeing the monthly Global Actual ledger vs. FO Flash (AvF) reporting process for these businesses. Timely release of MIS to all country-wise and business wise senior stakeholders and highlighting major concerns.
• Flawless managing the Balance Sheet substantiation process of Product Control. Coordinating the scoping of accounts, substantiation sample checks, reviewing "At risk" items, preparing country packs for country CFOs sign offs.
• PC central controls change SME for bank wide Finance transformation project - Aspire. Managing Reconciliation and Controls stream from Product Control. Worked with project team to design & test the flow of data from Transaction Processing systems to accounting layers and building up controls around them to ensure no data leakage.

• Leading Central Control Group and Substantiation (SCG) within Product Control, Bangalore
• This is a specialized function within Product Control covering all asset classes focusing on central PC controls for Financial Markets, Corporate Finance and Treasury Businesses
• Details as below
• Managing a team of 30+ controllers managing various streams of controls as detailed below
• PC Change SME for bank wide Finance transformation project
• Managing Reconciliation and Controls stream from Product Control
• Currently working with project team to design & test the flow of data from Transaction Processing systems to accounting layers and building up controls around them to ensure no data leakage
• Built and now managing IFRS9 Classification & Measurement stream from PC: Classification & Measurement of exposures as required by IFRS9 for all Financial & Non-Financial systems of bank
• Assisted in setting up design flow and implementing it across various businesses
• Set up the process to build Transaction processing system vs
• Ledger reconciliation of the bank systems
• Team lead to manage Expected Credit Loss write back process
• Daily P&L reporting- Overseeing daily/ monthly MIS P&L reporting (internal and external) for entire Financial Markets, Corporate Finance and Principal Finance business
• Preparation of daily P&L for different regions, businesses, assets classes etc
• Ensuring that all new business requirements are incorporated in the reporting mechanism and new initiatives are actively pursued
• Ledger vs
• MIS P&L Reporting-Overseeing the monthly Global Actual ledger vs
• FO Flash (AvF) reporting process for these businesses
• Timely release of MIS to all country-wise and business wise senior stakeholders and highlighting major concerns
• Front office- Back Office (FO-BO) and Transaction processing vs
• Ledger (TP-GL) Reconciliations- Managing a team of controllers performing daily FOvBO and TPvGL reconciliations for various transaction processing systems across bank
• Ensuring those breaks are properly tracked, aged, and resolved in a timely manner
• Financial Markets Business Finance- Assisting Financial Markets UK/ Europe and HK business finance team in resolving their ledger inconsistencies, assisting in reconciliations, portfolio setup process and reserve reconciliations
• Managed year end FX exposure sell down exercise for UK/ Europe and HK countries for these businesses
• Managing a team of controller for Portfolio control tool assisting new creation/ amendment of FM portfolios
• Performing quarterly portfolio attestation exercise
• Partnering with various teams for on boarding various technology change initiatives.

• Product Control, Finance – Asia Cash Equities and Equities Origination Desk, Below is a brief description of role handled:
• Review of daily P&L and its attributions for Asia-Pac Single stock, Program & Electronic Equities Trading and Commission desks and highlighting any major movement to senior management by daily commentary
• Highlighting daily FX exposures to traders and suggesting any possible exposure sell down
• Monitoring daily/ weekly/ monthly PC controls ensuring various control self-standards (CSAs) and PC policies are adhered to
• Producing monthly PC control packs to highlight control/ performance issues and provide solutions to senior management
• Deep dives of various controls to look for any further enhancement
• Month End reconciliation of P&L/Balance Sheet to reporting sub ledger & general ledger and review of all the adjustments posted during the month-end process
• Monthly substantiation of Balance sheet numbers and FX exposures through Balance sheet substantiation process
• Trader books management- opening / amend / closing maintenance and Trader mandates management
• Monthly P&L remittance to central Head office treasury
• Independent price verification of cash desk instruments and creation of different price testing reserves
• Handling year-end process to manage testing and actual rollover of various front offices (FO) and back office (BO) systems
• Ensuring that the systems are working as per expectations and there is no leakage.

• Below is the brief description of role handled:
• Finalizing monthly Balance sheet and P&L for Citibank NA India bank books
• Performing variance analysis of various items of balance sheet and investigating them
• Liaising with various departments and preparing adjustments relating to P&L and Balance sheet to correctly reflect books of accounts
• Adjustments relating to Treasury derivative products, Money Market products, Loans, Deposits, Trade, and cash products etc are taken
• Resolution of suspense inter group/ inter branch/ transit balances at month ends
• Global Inter company derivative trades and accounts reconciliation (GARS and GIRS) with other Citi counterparties
• Investigating and resolving the derivative / non-derivative balance sheet and income statement breaks between Citi inter company entities
• Deal wise matching inter-company derivative trades and resolving the exceptions
• Preparation of Basel RWA for India branch
• Resolving data quality issues for computation of Basel II RWA by system
• Quarterly requirements like Quarterly memo submission containing QM (Quarterly memo balances) and RB (Risk based capital) lines
• Preparing regulatory reports relating to derivatives Net counterparty exposure on derivatives (NCCE),
• FAS 107 fair value computations for loans, deposits, and other accrual products
• Monthly and Quarterly Balance Sheet review of Citibank NA India
• Computation of Capital position of bank and its associates, preparation of Country exposure report (CER)
• Handling various audits and suggesting accounting treatment for newer situations
• Involvement in change projects- Quarterly memo automation relating to FX (Spot and Fwd), Currency options, Interest rate derivatives
• Handling the project to directly derive Quarterly memo results from individual product processors
• Handing post implementation issues and ensuring that the trade parameters are properly captured.

• Below is the brief description of role handled:
• Monitoring the movements, explanation, and attribution of P&L for various treasury products daily
• Track and monitor open positions and unhedged positions by sales desk
• Inception and monthly testing the effectiveness to hedges under FAS 133 (Cash flow hedges and Fair value Hedges)
• P & L reporting and attribution analysis of Equity linked debentures and Commodity Linked debentures
• Handling its accounting and its valuation under FAS 155/157
• Preparation of Management action triggers (MAT) reports for various products for effective control over positions by senior management
• Preparation and reporting of Net open positions of FX to RBI and Bangladesh Bank
• Tracking FOBO breaks between various transaction processing systems and general ledger
• Migrated PC activities from Bangladesh and Sri Lanka to Mumbai office.