ROHIT PARMANANDKA
AVP Operations, ALM-IRRBB
Bengaluru
Summary
Dynamic finance professional with over 15 years of expertise in Interest Rate Risk Reporting, Product Control, and Derivative Trading, complemented by a strong foundation in Financial Analytics and Hedge Funds. Possesses a deep understanding of fund accounting, database management, and risk controls, ensuring robust operational compliance and excellence. Demonstrated ability to navigate complex challenges with exceptional analytical and problem-solving skills while fostering collaboration within teams. Skilled in managing client queries and overseeing operational risk and controls, with a focus on process migration and transition to enhance efficiency.
Overview
21
21
years of professional experience
3
3
Languages
Work History
AVP, ALCM (IRRBB)
Standard Chartered GBS
02.2023 - Current
- Joined as Senior Manager, Promoted to AVP, ALCM (IRRBB) in March 2025. Manage interest rate risk models for the bank’s valuation and other risk metrics as per the Group (PRA) and Local Regulatory requirements
- Led interest rate risk reporting for PRA regulatory requirements for West, African and Middle East Region
- Overseeing Economic Value of Equity (EVE), Net Interest Income (NII), Repricing Gap (RG), Regulatory submissions like NTMR and FSA017
- Responsible for consolidation of Group submissions for EVE and NII, providing stakeholder walkthrough for the dashboards
- Internal review and challenge for key IRRBB deliverables to ensure error free reporting.
- Proactive stakeholder management by liaising with entity, regional ALCM, change and transformation teams on daily basis.
- Solely onboarded and tested the FSA017 report on same platform for IRRBB reporting, ensuring operational excellence
- Achieved efficiency in time, cost and controls through implementing automation and treatment plan for self-identified issues.
- Providing strong support to internal and external audit teams for reviews and resolving their reporting queries.
AVP, ALCM (IRRBB)
HSBC Bank
09.2018 - 02.2023
- Promoted to AVP, ALCM (IRRBB) in January 2022. Manage interest rate risk models for the bank’s valuation and other risk metrics as per the Group and Local Regulatory requirements (PRA)
- Preparation of Economic Value of Equity, Net Interest Income projections using the application QRM
- Prepare regulatory submissions such as STDF, Annual Stress Testing exercises for PRA and EBA
- Responsible for delivering monthly and quarterly MIS relating to EVE/NII and other ALCO inputs to aid management decision making.
- Internal review and challenge for key IRRBB deliverables to ensure error free reporting.
- Proactive stakeholder management by liaising with entity as well as regional ALCM team on daily basis.
- Key contributor on the onboarding of new branches due to BREXIT and performing complete testing for producing its IRRBB metrics.
- Achieved efficiency in time, cost and controls through implementing automation and improvement ideas.
- Providing strong support to internal and external audit teams for reviews and resolving their reporting queries.
Manager, Product Control
HSBC Bank
05.2015 - 08.2018
- Manager, Product Control. Performing daily and monthly Product Control tasks for HSBC Russia and HSBC Jersey entities
- Successfully migrated Jersey business product control activities in Mar 2016 and Russia in Jun 2017
- Production, attribution and commentary of daily P&L covering FX, Bonds and money market products
- Cancel and Amend check, Flash to Actual reconciliation and accounting for any differences
- Off-market rate checking of trading activities to identify transaction executed beyond agreed tolerance
- Performing Risk Buy-In function to match the tenor for loans and deposits and foreign currencies to minimize FX risk.
- Performing balance sheet substantiation and posting of monthly journals and providing sign off to relevant stakeholders.
- Ensuring strong governance with daily and weekly dashboards along with presenting monthly MI and business summaries to PC and FO management
- Liaising with FO for P&L and trading related queries, with no in-country team presence.
- Achieved efficiency in time, cost and controls through implementing automation and improvement ideas
- Providing strong support to internal and external audit teams for reviews and resolving their reporting queries
- Performing peer review on daily activities and ensuring up-to-date and extensive process support documents
Assistant Manager, Hedge Funds Administration
Citicorp Services India Limited
10.2013 - 04.2015
- Assistant Manager, Hedge Funds Administration. Performing daily and monthly fund administration tasks for Discovery Group of funds
- Migrated daily P&L for hedge funds business and streamlining the process
- Cash & custody reconciliation with investigation for any differences
- Accounting and posting journals for management fees and other expenses
- Lead person on application testing, implementation and conversions to new systems.
- Managing business queries and the team as a backup for team leader.
Subject Matter Expert, Hedge Funds Administration
HSBC Bank
01.2010 - 10.2013
- Subject Matter Expert, Hedge Funds Administration. Accounting and valuation for Kingstreet Group of funds
- Successfully migrated fee booking, GAV calculation, redemption & subscription activities from Dublin.
- Re-migrated daily and monthly activities for few hedge fund clients to HSBC Colombo as a part of transformation project.
- Performing cash, custody, dividend and interest reconciliation with investigation of breaks.
- Actively involved in UAT testing for automated reconciliation of cash & custody from excel to TLM.
- Provided training on derivatives and options to the teams in Kolkata and Colombo site.
- Ensuring strong governance with daily dashboards for Cash and Position break analysis, error & issue log and other monthly MI to management.
Derivative Trader
Kredent Brokerage & Services Pvt. Ltd
01.2007 - 01.2009
- Trading in NSE on different future & option strategies for proprietary profit.
- Performing fundamental & technical analysis of stocks for trading purposes.
Accountant
Rabs Fashion Pvt. Ltd
01.2005 - 01.2008
- Maintenance and preparation of the Financial Statements.
Education
Post Graduate Certificate - Valuation & Risk
Middlesex University
01.2017
MS - Finance
ICFAI University
01.2012
Bachelor of Commerce - undefined
St. Xavier’s College
Kolkata01.2007
Skills
Communicator
Collaborator
Innovator
Intuitive
Problem solver
Stakeholder management
People connect and engagement
Process governance and improvement
Process automation
Data analysis
User acceptance testing (UAT)
Fund accounting
Audit controls
Reconciliation
Accomplishments
• Standard Chartered GBS, Bangalore
- Acknowledged by business partner for streamlining the process and commentary analysis,
- Gem Award Recognition for proactively rectifying a self-identified issue in a Regulatory return and resubmitting,
- Recognized for successfully designing the process of Manual adjustment upload,
- Acknowledged by the management for being a key resource in the Learning’s promoter Group and conducting various trainings within the function,
- Acknowledged by the senior management for being a pivotal lead in the People’s Forum and resolving the people’s concern.
• HSBC Bank, Gurgaon
- Top performer for the year end 2017. Seamless migration of Russia PC activities,
- Star Performer for the Quarter II 2016 for seamless migration of Jersey PC activities
• Citicorp Services India Ltd, Gurgaon.
- Team of the Quarter (Q III – 2014) for seamless migration from Geneva 6.2 to Geneva 8.0 and smooth migration of new activities from in-country business partner.
• HSBC Bank, Kolkata
- Centre Manager Quarterly Awards for achieving excellence for the Quarter 1 of 2013.
- Star Performer for the months of March & April 2013, Q4 - 2012, November 2012 & Q1 - 2011. - Best Performer for the month of February 2011.
• College topper, 2nd Year, St. Xavier’s College.
Interests
Socializing, cooking, travelling and listening to music
PERSONAL DOSSIER
- DOB – 28th June 1985
- Marital Status - Married
- Present Address – B-503, Keerthi Regalia, Sarjapur Road, Rainbow Drive, Bengaluru – 560035, Karnataka
- Permanent Address – Natural Residency, 76/1 - Golaghata Main Road, Block 1, Flat 5C, Kolkata – 700048, West Bengal
Software
Bloomberg
Reuters
Microsoft Excel
Microsoft PowerPoint
QRM
Advent Geneva
Moodys Risk Confidence
Timeline
AVP, ALCM (IRRBB)
Standard Chartered GBS
02.2023 - Current
AVP, ALCM (IRRBB)
HSBC Bank
09.2018 - 02.2023
Manager, Product Control
HSBC Bank
05.2015 - 08.2018
Assistant Manager, Hedge Funds Administration
Citicorp Services India Limited
10.2013 - 04.2015
Subject Matter Expert, Hedge Funds Administration
HSBC Bank
01.2010 - 10.2013
Derivative Trader
Kredent Brokerage & Services Pvt. Ltd
01.2007 - 01.2009
Accountant
Rabs Fashion Pvt. Ltd
01.2005 - 01.2008
Post Graduate Certificate - Valuation & Risk
Middlesex University
MS - Finance
ICFAI University
Bachelor of Commerce - undefined
St. Xavier’s College