Vinod Gulia

Led HBCE desk product control with six finance professionals across all asset classes.

Directed changes in HBCE region impacting reported P&L and balance sheet accuracy.

Collaborated with onshore partners to identify challenges during closing periods, deriving improvement projects.

Conducted year-end and performance reviews to assess team effectiveness.

Executed process improvement project, enhancing operational efficiency significantly.

Performed Root Cause Analysis, implementing strategic fixes to mitigate accounting and operational risks.

• Analyzed asset classes for automation opportunities, streamlining processes through tactical change and knowledge-sharing.
• Established independent balance sheet substantiation team to govern high-risk accounts efficiently.

• Managed team of three finance professionals for Commodity Market Finance business.
• Take ownership of financials of legal entities including Balance sheet controls and month-end closure.
• Reviewing and performing inter-system reconciliations
• Monitoring transfer pricing models for arm-length accounting and reviewing it with front office.

• Led HBEU Fixed Income Accounting control team of 13 finance professionals.
• Led the oversight and management of front Office to back office (FOBO) reconciliation and continuous strategic improvements to the process around the FOBO.
• Products managed – CDS, IRD, Bonds, Repos, TRS, FX
• Review and approve manual journals posted to correct daily, month-end ledger.
• Managed relationship with internal stakeholders, took regular feedback, anticipated issues and escalated appropriately for timely resolution.
• Performance review of team and year end appraisals.
• Change projects -: Handled Bond Product Migration project from legacy to new Accounting and Backoffice engine.
• Handled Strategic Platform go-live for Bonds and Repos, redesigning existing EUCs.
• Implemented CTM (collateralized to Market) and Settled to Market (STM) for HBEU collateral business.

• Substantiating and reconciling FO-GL PnL and Balance Sheet numbers
• Reconciling and investigating trade level breaks for different financial products.
• Perform Month-end, Quarter-end, and Year-end reporting for high-risk accounts.

• Worked with GBM Finance London team for a period of 3 Months to migrate processes - Medium Term Note, Collateral, balance sheet substantiation.

• Off Market rate checking for Bonds
• Daily Interest Rate Derivative (IRD) P&L production and breaks investigation for products like Bond, IRS, CDS etc.

• Setup securities and issuer information for structure product (ABS, MBS), equities, derivatives, fixed income securities.
• Securities static maintenance after research with different data vendors.

• Handled Settlement Operations for Credit Default Swaps (CDS) across inter-bank and corporate client segments, with comprehensive expertise in the full Trade Life Cycle (TLC) and deep knowledge of pre- and post-settlement processes.
• Served as key liaison with inter-bank counterparties, proactively addressing and resolving pre- and post-settlement issues to ensure seamless trade execution and minimal operational disruptions.
• Collaborated effectively with Middle Office teams by raising and tracking queries to investigate and reconcile trade discrepancies, maintaining high standards of accuracy and compliance.
• Established and maintained Standard Settlement Instructions (SSIs) for counterparties, significantly reducing settlement risks and enhancing payment efficiency.