SATISH SINGLA

Regulatory Reporting

• Lead a team of regulatory reporting professionals responsible for timely and accurate submission of regulatory reports and Financial Statements for HSBC's EU regional financial and regulatory operations.
• Ensure preparation and review of disclosures and reports required by prudential regulatory authorities (BOE, EBA, PRA)- Basel3, COREP, FINREP, GSIIB.
• Analysis of regulatory requirements for disclosures under the EBA disclosure framework, CRR and other regulations while adhering to internal policies, guidance, and specific implementation details.
• Also, involved in projects on IFRS 9, 16 and 17 implementations. This included end to end UAT, creating working papers to meet incremental reporting requirements, review of accounting policies.
• Additionally, performed monthly, quarterly, and annual closing procedures including preparation of period-end close accounting entries, tax adjustments, accruals, G/L maintenance, and reconciliations.
• Preparation of financial statements (P&L, Balance sheet, and notes to the accounts) in compliance with IFRS and accounting policies.
• Consolidation of full P&L forecasts, annual budgets, and financial management results At HBEU region.
• Monitor regulatory developments and changes and provide guidance to internal stakeholders on the potential impact of regulatory changes on the business.
• Review and analyze financial data and information to ensure accuracy and completeness of regulatory reports and identify and resolve any discrepancies or issues.

Key Stakeholder Management

• Developed and maintained strong relationships with regulatory agencies, internal stakeholders, and external auditors to ensure compliance with regulatory requirements and to facilitate effective communication.

Internal Controls

• Implemented and managed internal controls and processes to ensure compliance with regulatory requirements and minimize risks.
• Developed and implemented financial policies and procedures, resulting in improved financial controls and reduced operational risks.

Process Optimization and improvements

• Identification of automation and optimization opportunities in the end-to-end processes and suggesting ways to eliminate complexity and standardize processes.

Team Management

• Lead and managed a team of employees, overseeing daily operations conducted regular team meetings, performance reviews, and training sessions to promote professional development and continuous improvement.

Project Management

• Also involved in project management methodologies (Scrum) and Jira, streamlining workflows and ensuring efficient project delivery.

• Plan and execute financial statement audits of publicly traded and private companies in various industries, including manufacturing, retail, and technology.
• Coordinate and supervise the work of audit team members, including associates and interns, to ensure timely and high-quality completion of audit procedures.
• Communicate with clients to obtain relevant financial and operational information, as well as to discuss audit findings and recommendations for improvements to their internal controls and processes.
• Analyze financial statements and audit evidence to identify areas of potential risk and material misstatement and provide recommendations for appropriate audit procedures to address those risks. Prepare and review audit reports, including management letters and financial statements, for accuracy and completeness.
• Maintain up-to-date knowledge of audit standards and industry regulations and share that knowledge with colleagues and clients as needed. Strong technical knowledge of auditing and accounting principles, as well as regulatory requirements, including UK GAAP, IFRS, and Company laws.