Siva Prasad Y
Bangalore
Summary
Enriched experience in Product Control in investment banking environments, specializing in daily P&L reporting, P&L attribution, balance sheet substantiation, Sub ledger-to-ledger reconciliations & Transformation and FP&A governance frameworks.
Overview
17
17
years of professional experience
4
4
Languages
Work History
Manager - Product Control
Standard Chartered GBS
12.2024 - 04.2026
- Performed daily P&L validation and variance analysis (Actual vs Flash), identifying key drivers and providing commentary to stakeholders
- Executed Sub-ledger to General Ledger Reconciliations, investigating and resolving breaks to ensure financial accuracy. FM FPSL vs GL breaks for all FM TP systems by combo level - Demonstrating excellence in performing, investigating and resolving differences & inconsistencies in the General Ledger balance compared to accounting sub ledger for FM Trade Processing system that leads to transparency in reporting/substantiation to stakeholders.
- Ensuring the accuracy, integrity, and compliance of a country’s financial reports at the legal-entity level. LEC acts as the guardian of statutory, regulatory, and management reporting, ensuring books and records are complete, accurate, timely, and compliant with applicable accounting standards and governance requirements.
- Balance Sheet Substantiation (BSS) Quarterly & Yearly - Ensuring all financial statements are accurate and reflective of the company’s financial status through performing Balance sheet substantiation process
- Razor remittance process Execution on monthly and yearly PC portfolios, ensuring accurate and timely remittance of Profit/(Loss) to the Treasury contributing to smooth financial operations.
- Journals for global support - Handling and Execution of timely closure of ledgers books at the right time by raising/posting manual adjustments at month ends.
- Migration testing of PSGL vs S4 vs Greenbox (GLA) adoption
Subledger to Ledger Transformation
Standard Chartered GBS
08.2019 - 11.2024
- Managed the end-to-end transformation of subledger data into general ledger entries, ensuring accuracy and completeness of financial records
- Designed and maintained mapping rules and transformation logic to align subledger transactions with chart of accounts and reporting requirements
- Conducted reconciliation between subledger and general ledger balances, identifying and resolving discrepancies in a timely manner
- Ensured compliance with accounting standards and internal controls during the data transformation process
- Collaborated with finance, IT, and audit teams to streamline data integration and ensure accurate financial reporting
- Supported month-end and year-end closing activities, including validation of subledger-to-ledger postings
- Documented process flows, transformation rules, and control mechanisms for audit and operational reference
- Automated data transformation workflows using tools/scripts to improve efficiency and reduce manual errors.
- Report to Country Compliance team incase of any submission issue.
Product Control Sales
Standard Chartered GBS
06.2014 - 07.2019
- Handling FM products and its PnL controls, With major responsibility with Money Market Sales PnL.
- Investigation and correction of Actual vs Flash breaks.
- Preparation and finalization of Daily Profit and Loss Reports.
- Review and Validation of new deposits and prepare trend and Forecasting.
- Processing new deals and validating new deposits
- Preparing FM Cash Liquidity report and distributing to readers after signing off by Directors.
- Preparing Sales reports of the bank’s Products across the globe.
- Handling MM Sales and being back up for FX Options, Commodities, Credit & NDF (Non - deliverable forwards) Products of the Sales reporting team and publishing its daily results.
- Analysis Sales PnL run rate comparing week to week and month to month by product wise
- Perform in General Ledger, P&L reconciliations, advice posting JEs.
- Handling queries from Marketers and Trading team across the globe
- Weekly control check on interest rates for tenor days. Working on early termination deals.
- Perform MIS reporting for client and Demonstrate trend through strong mailing skills.
- Show Trend of WoW, MoM and YoY movements.
- Preparing and presenting Weekly and Quarterly Dashboards.
- Handling MIS related reports to stakeholders and customers spread across the globe
- Review updated current year and next year financial outlook (P&L reports), review account risk and analyze variance explanations provided by Operations
- Handled Foreign Exchange Switches for Asia Pacific countries
- Interacting with clients onshore on a daily basis to ensure smooth transition of activities and instant handling of queries placed by customers globally
- Presentation of profit and loss numbers of various products of the Sales team to the Top Management on a daily, weekly and monthly basis
- Investigation and correction of Actual vs Flash break to match the ledger and analysis breaks at Sales GL reporting vs DPL books.
- Monitoring the suspended trades on a daily and weekly basis and liaising with the traders and other relevant stakeholders to ensure the same is released in the following day’s PnL to avoid any discrepancies between trading/sales
Senior Process Analyst
Tata Consultancy Services - TCS
12.2009 - 06.2014
- Worked as a Senior Process Analyst for US based client (The Home Depot) taking care of complete MIS reporting as FP&A
Financial Associate
Hewlett Packard (HP)
01.2009 - 12.2009
- Worked as Financial Associate for an ANZ client taking care of complete MIS of FP&A
Education
MBA - Finance
Business School of Vinayaka Missions Research Foundation Deemed University
ChennaiB.Com - undefined
Andhra University, At Maha Ranee College
Skills
Product Control P&L Reporting
Finance Sub-ledger Transformation
BSS - Balance Sheet Substantiation
TP Sell down
Sub ledger to ledger reconciliations
Personal Information
- Gender: Male
- Marital Status: Married
- Languages Known: English, Hindi, Telugu & Tamil
- Nationality: Indian
Timeline
Manager - Product Control
Standard Chartered GBS
12.2024 - 04.2026
Subledger to Ledger Transformation
Standard Chartered GBS
08.2019 - 11.2024
Product Control Sales
Standard Chartered GBS
06.2014 - 07.2019
Senior Process Analyst
Tata Consultancy Services - TCS
12.2009 - 06.2014
Financial Associate
Hewlett Packard (HP)
01.2009 - 12.2009
B.Com - undefined
Andhra University, At Maha Ranee College
MBA - Finance
Business School of Vinayaka Missions Research Foundation Deemed University