SRIVIDYA MENON
Executive Director
Summary
- Dynamic professional with 18 years of post-qualification experience in leading organisations - UBS, Credit Suisse, Nomura, Lehman Brothers and Tata Motors leading large teams passionately.
- Agile leader with expertise in financial reporting, regulatory reporting, project mgmt., operations, data analytics & SOX 404.
- Promoted to larger roles in all organisations worked so far. Span of control increased every year in diverse roles due to great record of retention and empowering talent in teams.
- International experience in Hong Kong, Korea (in Nomura) and Switzerland (in Credit Suisse) for migration of financial, regulatory reporting and Group Consolidation.
- Member of APAC XDO Management Forum in UBS and Finance India Management team in Credit Suisse.
- Diversity Equity & inclusion (DEI) Champion and actively involved in driving Corporate Social Responsibility (CSR) initiatives.
- Leading Reverse Mentoring of senior leaders under UBS #India Tomorrow Growing Our Tribe initiative.
Overview
18
18
years of professional experience
Work History
Executive Director - Data Management & Performance
Credit Suisse Services (India) Pvt. Ltd ( a UBS Group Company)
5 2013 - Current
- Joined as Individual Contributor AVP in May'13
- Promoted to Team lead by Apr'14, VP in Jan'16 and Director in Jan'20
- Managed various roles across Group Financial Reporting - Global Close Management, Complex Disclosures, Group Special project - Controls & Governance, Group Disclosures QAR, Legal Entity Standard Reporting (LESR- APAC, EMEA, Swiss), Global operations- Balance Sheet Substantiation, Data Management & Performance
- Centralization of BS Substantiation in Pune for Nostros, Derivatives, Collateral Management, Asset Servicing and Securities Operations covering 80% of general ledger accounts owned by Operations team globally
- Data Science- Data Visualization of Breaks, GL Balances & trend for descriptive & predictive analysis on UBS Merger
- Regulatory Reporting- LCR, NCFR, Credit risk Asset Encumbrance for FINMA, SNB, FSB, PRA, EBA
- US and Swiss GAAP Disclosure reporting to SNB/ FINMA for 130 standalone entities (90% of FMAR scope) e.g., Cash Flow, Derivatives, Loans, Fair Value of financial instruments
- US, Swiss GAAP, IFRS Consolidated Financials and Notes to Account in Form 20-F filed with SEC for Credit Suisse Group
- Resolution of critical legacy issues on identification of Related Parties and transactions with them
- Specially deputed to resolve an Internal audit point and created Governance Forum on Legal Entity and GL account usage
- Reduction of Auto plugs in Disclosure attributes in major entities of USD 20bn in APAC entities
- Partnered with IT & Transition Management Team to process Swiss Big Data in Hadoop for financial reporting disclosures
- Partnered with Accounting Policy & Assurance Group (APAG) for providing Group wide guidance on reporting
- Developed GARM ( Group Accounting & Reporting Manual) Reporting guidance on divergent points followed by entities
- Liaise with External Auditors for audit of Group Disclosures and Standalone entity financials across all regions
Manager - Financial Control EMEA
Nomura Services India Pvt. Ltd ( Formerly Lehman Brothers)
08.2008 - 05.2013
- Joined as Senior Analyst in Aug'08
- Promoted to Assistant Manager in Jun'10 and Manager in Jun'12
- Migrated new processes every year and worked in various roles ranging from APAC Financial Control- USGAAP & SFRS Board Review Deck, Regulatory Reporting and EMEA Lead Financial Statements - UK Accounting Standards
- Regulatory reporting on Credit risk, Capital Ratios, Large Exposure Monitoring
- Supported Alvarez & Marshall for administration of Asian Entities after Declaration of Bankruptcy by Lehman Brothers
Manager Corporate Finance
Tata Motors Ltd
09.2006 - 08.2008
- Campus placement in Commercial Vehicles Business Unit- Shared Services Operations- Pune for Indian GAAP book close
- Moved to Corporate Finance Office Mumbai within a year to manage USGAAP financials for Tata Motors and its subsidiaries
- Annual Explanatory Notes to Consolidated Financial Statements
- Preparation of SOX Narratives and Risk Control Matrix (RCM) for financial reporting
Education
Diploma - International Financial Reporting Standards (IFRS)
Association of Chartered Certified Accountants (ACCA)
India 01.2014 - 09.2014
Associate Chartered Accountant - Accountancy
Institute of Chartered Accountants of India (ICAI)
India 04.2003 - 05.2006
Diploma - Financial Management
Prin L.N. Welingkars Institute
India 04.2003 - 03.2004
B.Com. - Finance
R.A. Podar College of Commerce & Economics
India 04.2000 - 03.2003
Skills
Risk Manager
Significantaccomplishments
- India Head for Data Management & Performance - Balance Sheet Substantiation, Data Analytics and Reporting.
- India Lead for Group Financial Reporting and Legal Entity Standard Reporting (Former),
- Data Steward for data attributes used in financial reporting disclosures filed with regulators. Ensured adherence to data definitions and detected data quality issues are logged in Collibra. Worked closely with IT Security Teams to manage access controls for confidential data.,
- Team representative in Steering Committees leading resolution of issues.,
- Significant enhancements to Control Framework- CH GAAP CAF, Supervisory control and data stewardship on disclosure attributes with a zero QAR failure track record.
- Implementation of complex new accounting standards: Cash Flow statements (ASU: 2016-15/18), Leases (ASU:2016-15/18) & Impairment/ CECL (ASU: 2016-03) and Swiss GAAP disclosures.
- Implementation of CS Schweiz AG Financials involving significant modification of consolidation infrastructure.
- Led a key SOX 404 exercise for identification & remediation of US GAAP disclosures with inherent risk of completeness.
- Identified opportunities for Innovations saving 4 FTEs in Finance. Automation of Balance Sheet review in Operations.
- Winner of Credit Suisse events- 'Finance Connect' in 05/18, 05/19; 'Career Fair' in 05/13.
- Recipient of 2 Group Finance Awards and multiple 'RAVE Gold Bars' in Credit Suisse and 'Kudos' in UBS.
- Recipient of Significant Individual Contribution Award and multiple ACE awards in Nomura.
- Operational Lead WAA (Women and Allies) Network in UBS.
- Led CFO and Group Operations D&I Networks in Credit Suisse.
- Co-led Empower Work stream in WeConnect- Network of Women Directors and MDRs in India and managed 'Share your knowledge' monthly snippets to drive excellence.
- Mentor for 4 GOTO members and panelist in FAME (Female Advancement through Mentorship & Empowerment) sessions.
- Conducted USGAAP Front to back Subject Matter Expert Trainings on Derivatives, Loans and Secured Financing.
- Supported New joiner Induction Training presentations and development of Training framework across Group Finance.
- Creating collaborative CSR initiatives team/site wide as part of DEI and Pune lead for XDO Fun Engagement Team.
- Felicitated by Rotary Club for 'animal welfare initiatives' in Pune.
Languages
English
Advanced (C1)
Hindi
Advanced (C1)
Interests
Animal welfare
Personal development
Timeline
Diploma - International Financial Reporting Standards (IFRS)
Association of Chartered Certified Accountants (ACCA)
01.2014 - 09.2014
Manager - Financial Control EMEA
Nomura Services India Pvt. Ltd ( Formerly Lehman Brothers)
08.2008 - 05.2013
Manager Corporate Finance
Tata Motors Ltd
09.2006 - 08.2008
Associate Chartered Accountant - Accountancy
Institute of Chartered Accountants of India (ICAI)
04.2003 - 05.2006
Diploma - Financial Management
Prin L.N. Welingkars Institute
04.2003 - 03.2004
B.Com. - Finance
R.A. Podar College of Commerce & Economics
04.2000 - 03.2003
Executive Director - Data Management & Performance
Credit Suisse Services (India) Pvt. Ltd ( a UBS Group Company)
5 2013 - Current
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