Hi, I’m
Sayan Sarkar
Product Controller
Chennai
Summary
Results-oriented finance professional with 9 years of experience in product control at multiple global investment banks. Skilled in handling diverse financial products, including options, bonds, and equities. Demonstrated success in developing attention to detail, process improvement, control enhancement, team management, and communication skills through active participation in workshops both within and outside the organization. Enjoys listening to music and traveling with family and friends.
Overview
9
years of professional experience
3
Languages
Work History
Barclays
Assistant VP - Reconciliation and Substantiation
05.2024 - Current
Job overview
- Preparation and review of IFRS 13 for financial reporting
- Preparation and review of Inventory reconciliation between front and back office system.
- Preparation and review of month-end journal for monthly ledger close.
- Balance Sheet sign-off for all Inventory and other sub-ledger accounts.
- Accountable for both Internal and External Auditors for BIA Audit and KPMG Audit
- Liasing with Opex team for process automation like consolidation and standardization of IFRS 13 across FI credit business, Valkyrie process improvement, Inform logic building, and more.
- Successfully transitioned all month-end activities from daily PnL team to month-end team for FI Cedit - Flow business.
- Mentor and train junior team members to help them grow and conduct strong oversight of overall workflows and issues
Barclays
Assistant VP, Equity Syndicate
05.2023 - 05.2024
Job overview
- Supervision of daily PnL production for Equity Syndicate business
- Review of Month-end activities and supervision of control functions
- Flash vs Formal investigation and explanation to stakeholders
- Identification and preparation of Significant Transaction deals and write-ups for Senior management and stakeholders
- Enhancement of daily controls and increase in efficiency of P&L production processes
- Liaising with both Internal and External Auditors for BIA Audit and KPMG Audit
- Ensure to submit correct data to regulators on a monthly and quarterly basis
Bank of America
Manager
08.2022 - 05.2023
Job overview
- Review and supervise PnL production and reporting for FX Exotics Options Desk to Front Office and Senior Management
- Responsible for Book opening, maintenance and closing as per business requirement
- Provide PnL commentaries and explanation to management in PL review forum based on risk and market movement along with required context of market events
- Perform Overhedge Analysis for Exotics Options for Daily, Weekly and monthly basis
- Preparation of monthly Overhedge Pack and presentation to senior management
- Review month end close and ensure all activity are performed within the stipulated deadlines
- Actively participate in different strategic initiatives of the organization like SAFER, Alteryx, FRD etc
- Support strategic change Initiatives and represent Finance in different working groups for such strategic and technological changes. Involved in Planning, Testing,Implementations and resolving post implementation issues. Few notable projects are implementation of Target Plex Measure , implementation of new PnL tool FRD,implementation of Static Data Manager.
Bank of America
Assistant Manager
03.2020 - 07.2022
Job overview
- Production and reporting of daily Profit/Loss to Front Office and Senior Management.
- Reconciling actual Profit/loss with trading desk estimated Profit/Loss and providing Estimate/Actual Variance Analysis.
- Liaising with various business partners such as Technology, Market Risk, Credit Risk,Operations, and Finance to resolve issues.
- Testing/UAT for systems work ranging from minor system releases to major system implementations.
- Intimating and reporting to senior management any trends/variations that are critical to the organization's financial performance
- Communicating effectively and escalating issues to Senior Management in a timely and thorough manner
- Mentor and train junior team members to help them grow and conduct strong oversight of overall workflows and issues
Bank of America
Team Leader
01.2018 - 02.2020
Job overview
- Prepare daily market commentary for Spot moves of G10 currencies
- Prepare daily reconciliation and commentary of trading P&L attributions for Exotic products.
- Prepare weekly substantiation of P&L attributions.
- Perform daily flash vs. actual variances & Cash reconciliation at the book level.
- Perform daily checks for active books and whether those books have a complete setup across all the relevant systems.
- Perform check to ensure no breaks between the ledger and sub-ledger on a weekly/monthly basis.
- Perform Overedge Analysis for Exotic Options on a daily/weekly/monthly basis for management analysis.
- Perform FX rate/ Valuation adjustments for month-end reporting.
- Actively participate in global projects like SAFER to implement at the business level.
Cognizant-UBS
Process Specialist
04.2016 - 01.2018
Job overview
- Reported daily P&L for designated trading books dealing with OTC products - Bonds,Interest Rate Swaps, and Futures.
- Investigation of P&L and provide commentaries on a T+1 basis on large P&L swings.
- Reconciliation of the P&L produced above to the P&L posted to the back- office ledger.
- Investigation and correction of reconciliation breaks involving communication with other BUCs, operations, IT, etc.
- Communication of the daily P&L results to management in Australia for consolidation and reporting to the desks.
- Month-end reconciliation of back-office ledger P&L and Balance Sheet to reported P&L and source risk management systems.
Education
ICFAI Business SchoolHyderabad, India
MBA from Finance And Banking
04.2001
University of CalcuttaKolkata, India
Master of Commerce from Accounting And Finance
04.2001
Dum Dum Motijheel Rabindra ManavidyalayaKolkata, India
Bachelor of Commerce from Accounting And Finance
04.2001
Skills
Team Handling
Accolades
Gold Award
- Recognized for identifying Overhedge Policy breaches, leading learning initiatives, and driving the Target Plex Measure project.
- Spearheaded the successful migration of Static Data Manager for G10 business.
- Led the FRD Go Live for G10 business.
- Defined and consolidated the scope for EMEA & Global Morning Commentary, achieving an annual time saving of 260 hours.
Silver Award
- Streamlined the Overhedge process for Global FX & LCT Options, resulting in a 200-hour annual time saving.
- Provided key support during the FRD testing phase for BFC & Project Management teams.
Bronze Award
- Independently managed BAU tasks, ensuring compliance with controls during team members' COVID leave.
- Awarded for innovative contributions in the Ideathon initiative.
Spotlight & Ace of Rookies Awards
- Received Spotlight Certificate for exceptional performance at Cognizant.
- Recognized as Ace of Rookies for rapid progression from learning to execution at Cognizant.
Timeline
Assistant VP - Reconciliation and Substantiation
Barclays
05.2024 - Current
Assistant VP, Equity Syndicate
Barclays
05.2023 - 05.2024
Manager
Bank of America
08.2022 - 05.2023
Assistant Manager
Bank of America
03.2020 - 07.2022
Team Leader
Bank of America
01.2018 - 02.2020
Process Specialist
Cognizant-UBS
04.2016 - 01.2018
ICFAI Business School
MBA from Finance And Banking
04.2001
University of Calcutta
Master of Commerce from Accounting And Finance
04.2001
Dum Dum Motijheel Rabindra Manavidyalaya
Bachelor of Commerce from Accounting And Finance
04.2001
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