Sumit Kale

• Controls
• o Controlling and reconciling internal and external trade details and reporting PnL.
• o Engage in month-end closing activities such as conducting variance analysis and confirming sub ledger balances
• o Responsible for overseeing and controlling of exchange and clearing brokerage fee related income expenses
• Methodology and Documentation
• o Collaborate with internal controllers, technology and other operational teams, external brokers and clients, as well as traders to address any trade-related issues.
• o Address ad-hoc reporting requests from Business units.
• o Communicate with Exchange & CCP contacts to address issues and raise queries.
• o Work closely with international counterparts to resolve reconciliation discrepancies and challenges.
• Audits
• Played a vital role in ensuring the smooth completion of internal and statutory audits

Controls

o Establishing proper controls & optimizing the process to minimize the risks

Methodology and Documentation

o Challenging existing TP methodologies & System and managing end to end Change Requests (CRs)

Transition and New TP Calculation onboardings

o Traveled to London for training and takeover of Automated TP process in FS-PER transited from Manual EUAs

Settlement controls

o Ensure receivable and payable accurately perform as per accruals and actual cash accurately move.

Audits

Assisted in smooth completion of Internal & Stat. Audits

o Performance of T0 v/s T1 checks and fit for purpose commentary

o Working closely with the Trade / Business Manager in performing due diligence and analysis of Solutions (ECM / DCM /Advisory, Syndicate and IPO deals)

o Process development and support for multiple stakeholders within the organization

o Constant interaction with regional heads (Managing Directors) and other senior management to understand the focus areas and the vision for the planned future

o Work with minimal direction and deal independently.

o To ensure that applicable accounting standards are adhered to regarding P&L and Balance Sheet reporting

o To ensure that Global policies are adhered to at all times and are kept fully up to date with any changes in the business requirements

o Performance of T0 v/s T1 PnL and checks and fit for purpose commentary

o Prepare written periodic reviews for submission and presentation to senior management providing recommendations

o Interact with trader/ business manager to conduct due diligence and obtain relevant information for analysis and on-going monitoring of the counterparty credit quality and of various risk reports (e.g., stress reports, risk sensitivities reports, sector reports)

o Review coverage, identifies deficiencies, and determines appropriate level of coverage