Summary
Overview
Work History
Education
Skills
Hobbies
Professional Accolades
Timeline
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VISHAL V OTARI

Mumbai

Summary

Finance professional with comprehensive experience in financial control and reporting. Proficient in US GAAP and local GAAP standards, with a proven track record of managing intricate financial operations, ensuring regulatory compliance, and driving process optimizations to enhance overall efficiency.

Overview

13
13
years of professional experience

Work History

Asst. Vice President, EMEA LE Controller

Bank of America Continuum India
06.2021 - Current
  • Representing EMEA tower for Global FInance India on OpEx initiatives and working with different teams to drive efficiency
  • Collaborating with cross-functional teams to leverage emerging tools and technologies, driving process automation and significant reduction in operational hours.
  • Computing Bank Levy for all UK entities of Bank of America, ensuring accuracy and compliance with regulatory requirements.
  • Addressing and resolving HMRC queries, overseeing timely payments and ensuring smooth communication with various lines of business.
  • Overseeing US and Local GAAP financial closing processes for broker-dealer entities, ensuring compliance with accounting standards.
  • Coordinating the preparation and filing of annual and interim financial statements, facilitating engagement with auditors and enhancing document accessibility.

Associate, US Global Credit Trading

Deutsche Bank
06.2019 - 06.2021

Directed financial and product control responsibilities for US Credit Flow, guaranteeing precision and compliance across all financial operations.

Assistant Manager, Financial Control

Nomura Services India Private Limited
09.2017 - 05.2019

Oversaw legal entity controllership for US broker-dealer entities, ensuring timely and precise month-end reporting and adherence to US GAAP standards.

Exempt Non Officer 3, Group Finance

Credit Suisse Services India Private Limited
08.2016 - 09.2017

Managed group finance reporting processes, ensuring compliance with Swiss GAAP and timely management disclosures.

Senior Analyst, Financial Control

Nomura Services India Private Limited
04.2012 - 07.2016

Oversaw legal entity controllership and prepared financial statements per US GAAP for HK entities, realizing notable process efficiencies.

Education

Chartered Accountant -

Institute of Chartered Accountants of India (ICAI)
01-2011

Company Secretary -

Institute of Company Secretaries of India (ICSI)
01-2009

Skills

  • Cross-functional collaboration
  • Decision-making
  • Process improvement
  • Team leadership

Hobbies

  • Cooking: Enjoy experimenting with new recipes and flavours, developing creativity and attention to detail.
  • Travelling: Passionate about experiencing different ways of life, trying new foods, and learning about history and customs.

Professional Accolades

  • Received platinum award in 2024, for Category "Best Risk Reduction Idea Award" - Implemented auxiliary checks during bank levy computation, leveraging Workiva to reduce manual intervention.,


  • Received gold award in 2022, for Category "Big Picture, Accurate and Well Controlled" - Workiva implementation for annual financials.

Timeline

Asst. Vice President, EMEA LE Controller

Bank of America Continuum India
06.2021 - Current

Associate, US Global Credit Trading

Deutsche Bank
06.2019 - 06.2021

Assistant Manager, Financial Control

Nomura Services India Private Limited
09.2017 - 05.2019

Exempt Non Officer 3, Group Finance

Credit Suisse Services India Private Limited
08.2016 - 09.2017

Senior Analyst, Financial Control

Nomura Services India Private Limited
04.2012 - 07.2016

Chartered Accountant -

Institute of Chartered Accountants of India (ICAI)

Company Secretary -

Institute of Company Secretaries of India (ICSI)
VISHAL V OTARI