Sureshkumar Kalimuthu
ACMA
Bangalore
Summary
Finance & Risk management professional with strong experience across Operational Risk, Compliance Risk, RCSA, Realty Risk, Third-Party Risk Management (TPRM) and financial planning & Analysis. Proven ability to partner with First and Second Lines of Defense to identify, assess, and mitigate non-financial risks, strengthen control environments, and support regulatory and governance expectations
Overview
19
19
years of professional experience
Work History
Assistant Vice President
State Street
12.2016 - Current
- Executed Risk Control Self-Assessments (RCSA) for Realty and Third-Party Risk Management (TPRM), ensuring robust control design and operational effectiveness.
- Led enterprise-wide Risk Advisory, Audit & Compliance, Issue/Incident/Control Management, and Risk Analytics initiatives, strengthening organizational resilience.
- Identified, assessed, and documented key operational, compliance, and third-party risks, evaluating inherent risk, control effectiveness, and residual risk.
- Enhanced RCSA methodology and processes, driving continuous improvement and risk program maturity.
- Directed Business Risk Forums and cross-functional risk meetings, fostering collaboration and proactive risk culture.
- Delivered control testing conclusions and actionable recommendations to management, reducing control gaps and audit findings.
- Established continuous monitoring and reporting frameworks for control gaps, enabling timely remediation.
- Supported CFO in merger and acquisition analysis, delivering synergy, cost, and benefits evaluations for strategic decision-making.
- Prepared budget and forecast for State Street revenue and expenses, ensuring accuracy and alignment with corporate objectives.
- Managed IT Finance functions, including contractor cost analysis, budgeting, and forecasting headcount expenses.
- Conducted indirect spend analysis, cost allocation to business units, system reconciliation, and reporting of fully loaded P&L to top management.
- Oversaw compensation and headcount planning, including budget forecasting, expense dashboards, and standardized reporting.
Senior Financial Analyst
Honeywell
03.2015 - 12.2016
- Directed budgeting, forecasting, and variance analysis of cost, revenue, and census across global Aerospace business functions, ensuring financial accuracy and strategic alignment.
- Consolidated departmental costs globally, prepared variance commentary, and drove initiatives in cost management, sales & profitability, working capital management, capital budgeting, and warranty cost analysis.
- Managed over/under absorption of overhead accounting, delivering transparent reporting and actionable insights for leadership.
- Supported AOP STARP planning, including contingency planning, government compliance, inflation analysis, and census reporting.
- Tracked expatriate costs, conducted variance and cost-benefit analysis, optimizing resource allocation and reducing inefficiencies.
- Analyzed R&D engineering spend, evaluating insourcing vs. outsourcing strategies to improve resource utilization and cost efficiency.
- Championed indirect spend cost control, achieving year-over-year reductions in T&E and freight expenses across the Aerospace business.
- Conducted warranty cost analysis, budgeting, and forecasting, presenting analytics to senior leadership with recommendations that delivered significant savings and cost reductions.
Assistant Manager
HSBC
04.2013 - 03.2015
- Migrated the complete budgeting, forecasting, and MI reporting process from Mexico to Chennai, ensuring seamless transition and operational efficiency.
- Finalized Annual Operating Plan (AOP) numbers, aligning forecasts with group guidance and corporate objectives.
- Partnered with business stakeholders to identify opportunities and risks, revising forecasts to maintain accuracy and trend consistency.
- Configured workflows in PeopleSoft to streamline budgeting and forecasting processes, improving automation and reporting accuracy.
- Delivered cost reports for multiple business units and submitted them through the Saracen system, ensuring compliance and transparency.
- Developed and maintained an MS Access expense database, used for preparing cost schedules, primary reports, customer reports, and publishing monthly actuals to the group.
- Coordinated with business teams to finalize budgeted direct and indirect expenses, reporting them in cost schedules and primary reports, including budget transfers.
- Conducted detailed expense analysis, ensuring 100% allocation to Lines of Business (LOBs) for accurate financial reporting.
Jr Executive
Cognizant
05.2011 - 04.2013
- Revenue governance: Client interactions for deal closures and contracting, forecasting, revenue recognitions and reporting.
- Margin governance: Cost take-out initiatives, systemic and sustainable cost reduction, rate hikes, cost analysis.
- Working capital governance: Unbilled reduction, timely invoicing and collection, improving debt ageing.
- Analysis of various financial aspects of high value contracts, to check the billing rates and to accrue and provide for discount if any.
- Revenue Recognition for various contracts, Invoicing for projects as per milestone / work completion, Evaluate unbilled / unearned positions, Cost Analysis and highlight variance, Project profitability analysis.
Senior Financial Analyst
Standard Chartered Bank
08.2007 - 05.2011
- Forecasting Revenue and expenses by business segment and consolidate the actual during the close. and Preparation of Daily Balance Sheet.
- Daily MIS –Interest accrual, Gross New business written, Spends & Repayment. Income Dump, Personal & Mortgage Loan Dump, Cost Dump.
- Monthly MIS – Key performance Indicator Report. Cost report on the basis of Service Centre wise and Financial Report on the basis of Value Centre wise. Asset maturity Report & Asset securitization report.
- Reconciliation of Prepaid account & amortizing to various expenses on monthly basis.
Analyst
Flextronics Technologies India Pvt Ltd
10.2006 - 08.2007
- Processing Invoices from Vendors in ERP Package. Vendor Reconcilation, Paycyle & Settlement
Education
ACMA -
Institute of Cost Accounts of India
Executive Development Program in Strategic Management -
IIM Kashipur
Master of Business Administration -
Bharathidasan University
Master of commerce - undefined
Madurai Kamarajar University
Bachelor of Commerce - undefined
Madurai Kamarajar University
Skills
Risk Advisory
Third-party risk assessment
RCSA
Incident resolution management
Quality control assurance (SOX)
Risk management forums
Financial Planning & Analysis
Budget management
Spend analysis expertise
Profit and loss analysis
Mergers and acquisitions
Personal Information
- Date of Birth: 1982-03-09
- Marital Status: Married
Timeline
Assistant Vice President
State Street
12.2016 - Current
Senior Financial Analyst
Honeywell
03.2015 - 12.2016
Assistant Manager
HSBC
04.2013 - 03.2015
Jr Executive
Cognizant
05.2011 - 04.2013
Senior Financial Analyst
Standard Chartered Bank
08.2007 - 05.2011
Analyst
Flextronics Technologies India Pvt Ltd
10.2006 - 08.2007
Master of commerce - undefined
Madurai Kamarajar University
Bachelor of Commerce - undefined
Madurai Kamarajar University
ACMA -
Institute of Cost Accounts of India
Executive Development Program in Strategic Management -
IIM Kashipur
Master of Business Administration -
Bharathidasan University