Summary
Overview
Work History
Education
Skills
Websites
Certification
Industry Expertise
Timeline
Generic
SUMIT SHARMA

SUMIT SHARMA

Bangalore

Summary

A Chartered Accountant and Company Secretary with 17 years of experience in US investment banks, insurance financial sector. Expertise in Internal audit, Risk assessment, Regulatory assurance, Federal regulatory reporting, financial reporting under UK Gaap and US Gaap, Sec reporting, governance and control, auditing and statutory compliance.

Overview

15
15
years of professional experience
1
1
Certification

Work History

Vice President

Goldman Sachs
09.2023 - Current
  • Heading Controller's audit profile for entire US regulatory reports (FRY-14Q, FRY-15, FR2052A, FRY9C, FFEIC-031, TIC reports and others) including CCAR attestation process framework encompassing planning, scoping, issue implementation.
  • Leading audits for SEC reporting including disclosure under US GAAP framework.
  • Leading audits under Regulatory feedbacks, Rules implementation for regulatory reporting
  • Implementation and of audit strategy for the regulatory report framework
  • Risk assessment for all regulatory and Tiering of reports for the overall coverage across the banks

Associate Director

Silicon Valley Bank
04.2022 - 09.2023
  • Supervising of all major US Federal regulatory reports FFIEC–031, FR–Y9C, FR–Y 9LP, FFIEC 009, FFIEC 030, FRY–15, FRY–14M, FR–Y11, FRY12, FR2056, FR Y8,2502Q, BE–11
  • Taking project lead for upcoming Fed exam preparedness at bank level.
  • Integration of manual IPE data providers into automated reporting tool.
  • Streamlining and standardisation of reporting process in regulatory reporting space.
  • Building control governance framework across reporting process.
  • Establishing change management process and framework across reporting space.

Assistant Vice President

State Street Corporation
08.2017 - 04.2022
  • Supervising of all major US Federal regulatory reports FFIEC–031, FR–Y9C, FR–Y 9LP, FFIEC 009, FFIEC 030, FRY–15, FRY–1 FR2056, QFC, TIC reports, BE–11
  • Automation of FFIEC 009 reports into Axiom by defining control reports, UAT, sign-offs
  • Leading TIC firm wide project to improve quality and accuracy in data reporting to FED
  • Liaising with auditors for US regulatory returns and implementation of remediation plan
  • Handled CCAR attention for 14Q from US Regulatory vertical
  • Handled migration of EMEA and APAC regions work to India pertaining US regulatory reports and ensuring successful GO-live implementation
  • Assisting in SEC reporting footnote disclosure and financial statement

Associate

JP Morgan Chase
09.2015 - 08.2017
  • Preparation of financial statements as per UK GAAP/ IFRS/US GAAP standards framework.
  • Impairment analysis of Valuation of Investments as a part of UK GAAP financial.
  • Preparation of regulatory returns & quarterly returns to UK regulators includes namely FR2314, FFEIC 009, Resolution & Recovery ‘R&R’ returns, deposit returns.
  • Responsible for the monthly GL closure process of US GAAP financials.
  • Responsible for monthly closure and MIS reporting to management
  • Performed FX trade-out monthly process for hedging exposures.
  • Submission of capital Hedging forms on monthly basis for monthly closure of process.
  • Performed certification & substantiation of GLRS balances as a part of quarterly process.

Manager

PNB Metlife Life Insurance
01.2013 - 09.2015
  • Preparation of entire gamut of annual accounts including segmental financial & unit linked disclosure under IRDA regulations.
  • Supervising the preparation of company GAAP financials at segmental level
  • Submission of Hyperion to MetLife Head office. Submission of reports which include Bank Exposure, Account reconciliation, ITFM Template.
  • Supervising the compliance of all financial IRDA regulations & other statutory reporting which includes ‘Cash premium report, Statistical report.
  • Supervising & Co-ordination of half-yearly and annual statutory audit.

Manager

Vishwarupa Steel group
05.2010 - 01.2013
  • Supervising the preparation of direct tax documents, income tax filling of ITR, TDS returns. Further, assistance in hearing & appeal matter before Income tax authorities.
  • Supervising the statutory compliance relating to RoC ‘MCA –21’ for various entities in the Group including incorporation of companies, Petitions to CLB, XBRL filling etc.
  • Finalisation of company accounts, cost sheet analysis, inventory management.

Education

ICSI -

Company Secretary
12.2007

Chartered Accountant -

ICAI
05.2012

KK Dharuka & Co (Articleship)
03.2010

B.Com (Hons) -

Umeshchandra College
03.2006

ISC
01-2003

Skills

  • Audit Board (Auditing Platform)
  • Axiom (Reporting Platform)
  • Essbase (General Ledger)
  • Reg Reporter
  • Oracle
  • Synergies & Standardisation
  • Project Management
  • Process Migration

Websites

Certification

  • ICSI : Company Secretary (2007)
  • ICAI : Chartered Accountant (2012)
  • Articleship : KK Dharuka & Co (2010), West Bengal
  • B.Com (Hons) : Umeshchandra College (2006) West Bengal

Industry Expertise

  • Internal Audit
  • Risk Assessment
  • Governance
  • Assurance
  • Federal Reporting
  • Regulatory Reporting
  • SEC Reporting
  • US GAAP
  • Controller's (LEC)


Timeline

Vice President

Goldman Sachs
09.2023 - Current

Associate Director

Silicon Valley Bank
04.2022 - 09.2023

Assistant Vice President

State Street Corporation
08.2017 - 04.2022

Associate

JP Morgan Chase
09.2015 - 08.2017

Manager

PNB Metlife Life Insurance
01.2013 - 09.2015

Manager

Vishwarupa Steel group
05.2010 - 01.2013

ICSI -

Company Secretary

Chartered Accountant -

ICAI

KK Dharuka & Co (Articleship)

B.Com (Hons) -

Umeshchandra College

ISC

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