Amitam Kumar Email & Phone Number

Hyderabad, Telangana, India

Helping clients transform their businesses across their 3 lines of defense, with specialization in regulatory compliance and bringing process and operational efficiencies!!

Hyderabad, Telangana, India

- Helping one of the largest US-based Insurance providers in managing regulatory expectations and providing the best customer service- Reviewing their core Insurance business operations and processes in place and advising/implementing the enhanced operational practices leveraging technology and prior experience- Managing a team of 30+ processors within the US and India on a daily basis, with a mandate to ensure the quality as well as production of work intact- Identifying various processes, policies, procedures, manuals enhancements across their different lines of business- Regularly interacting with client's top management to share the progress and potential scope of improvement, along with developing leading practices across the industry in a similar space- Sharing Deloitte's latest thought papers to the client leadership as it relates to bringing more revenues at the firm while simultaneously providing the latest marketplace and industry developments- Simultaneously working on latest SEC regulations in Investment Management space - Fair Valuations Rule, Derivatives Rule and Marketing Rule, by taking Deloitte services to different clients and providing marketplace insights

Hyderabad Area, India

- Worked on creating business requirements and controls around 2000+ reports being submitted by a large global Bank across geographies and regulators, as part of transformational regulatory reporting initiative- Assisted Investment Management and Mutual Funds Deloitte US leader as part of Management Development Program for 1.5 years- US India lead for multiple Key Service Offerings- Wealth Management, Fiduciary Operations across FSI sectors under Deloitte US Advisory- Led the flagship Core+ (cross-skilling) program in USI Risk and Financial Advisory- Overseeing growth and development of 20 seniors as part of Edge POD manager initiative- Facilitator for "Ethics for Success" session in Deloitte USI - already conducted the session for 200+ professionals so far

United States

Worked under the Regulatory & Operations practice under Deloitte Advisory, majorly serving financial sector clients in their Investment Management, Securities & Brokerage space.Over past couple of years, Amitam has advised more than a dozen insurance and wealth management firms on assessing impact of Department of Labor (DOL) - Fiduciary (Conflicts of Interest) Rule on their retirement business, and helped them become compliant with Rule and Exemptions requirements.Amitam also advised multiple banking and securities clients on addressing risks related to employee misconducts, mainly in sales and trading activities.

New York, New York

Amitam advised more than a dozen insurance and wealth management firms on assessing impact of Department of Labor (DOL) - Fiduciary (Conflicts of Interest) Rule on their retirement business, and helped them become compliant with Rule and Exemptions requirements.At the same time, Amitam also advised banking and securities clients on addressing risks related to employee misconducts, mainly in sales and trading activities.

Hyderabad Area, India

Mutual Fund Remediation – Impact Analysis & Harm Calculation• Understanding the operating environment and source systems for the impacted line of business (“LOB”)• Assessing the universe of probable eligible customers and relevant funds, and potentially impacted accounts• Developing data analysis models to calculate trade-level harm that can be aggregated into management reports by customer, product, or other unit aggregation• Performing customer impact calculations – Expense Ratio, Interest, Total Damage etc. using SQL & ExcelHistorical Trade Analysis - Reconciliation & Setting Controls• Assessed the client methodology used in the 2012–2013 analysis, validated that performed analysis is consistent with applicable regulations under Section 206(3) - Investment Advisers Act & Securities Exchange Act Rule 10b-10, identified problematic trades, related gaps, & provided enhancements/modifications• Defined the methodology/approach for the 2009, 2010 and 2011 historical analysis leveraging existing ones and conducted the analysis for given 3 years• Documented the trade flows used in the historical analysis from 2009 through 2013; and tracing specific data elements (e.g., capacity) for sample transactions through to reports/documents (e.g., confirmations)• Used MS Access, MS SQL Server, MS Excel, MS Visio extensively to calculated Potential Customer Impact, by developing and executing calculations to assess adverse financial implications for the clients• Awarded OUTSTANDING award for the project and received Rating 1 (top 2%) in evaluation for FY 2014-15

Hyderabad Area, India

Cost Basis Reporting –Scenario Analysis & Test Scripts• Developed various Test Case scenarios by establishing fact patterns and calculating expected results, in lieu of the finalized cost basis regulations for Equities and Options• Prepared test cases covering all the scenarios with different lot relief methods, validated the expected test results using actuals and documented the findingsBASEL II / Credit Risk Functional Testing:• Assisted in implementing Basel II Oracle Reveleus Calculator for Credit Risk• Created draft of Basel II wholesale requirements, Basel II retail requirements, other assets requirements by meetings with business , finance participants and analysing various inputsMortgage Compliance – Gap Assessment & Rules’ Coding• Developed end-to-end compliance program for client, highlighting applicable rules & associated procedures• Worked extensively on assessing compliance gaps for a client and building mortgage compliance program to comply with federal, FNMA & FHLMC rules• Reviewed Freddie Mac, Fannie Mae & Federal rule sets; determined buckets for testing and aligned the respective rule sets under proper categories of Origination, Servicing, Default Management, etc.Insurance Compliance – Policy Rates & Form Filing• Helped an auto-insurance client in assessing compliance with regulatory requirements by assessing forms and recalculating & comparing rates• Recalculated premiums for sampled policies with the help of rule manuals, policies & rate plans, reviewed already charged rates and analysed any difference in amounts

Hyderabad Area, India

SIPC Liquidation – Claims’ Analysis, Validation & Reconciliation• Supported Corporate Restructuring Group (CRG) on SIPC liquidation of one of the largest bankruptcy• Was involved in in-depth study and analysis of financial and non-financial claims filed by the claimants, and validation of the proof of claims• Played pivotal role in setting up the process for first such complex broker-dealer liquidation- starting from triage, then research, set-offs and ending with reconciliationFATCA Compliance – Impact Assessment & Gap Analysis• Worked in requirements gathering phase for a FATCA engagement studying the client's business & grouping its legal entities in various analysable groups• Conducted detailed gap assessment and transaction mapping to determine the potential scope of system enhancements, focusing on areas of potential deficiencyNon-Pricing Agreements’ Assessment• Assisted a pharmaceutical MNC in identifying non-pricing-related agreements between client & customers• Work included selecting sample customers, researching on their subsidiaries, reviewing their in-scope non-pricing related agreements with client & summarizing key details like agreement type, scope, payment, etc.

Indore Area, India

Full time student for flagship MBA course, PGDM, at IIM IndorePositions of Responsibilities:• Organizer, Laavanya & Participation Vertical, Mridang ‘11, Cultural Festival, IIM Indore• Member, Participation Vertical, Ahvan ’10, Management Festival, IIM Indore

Gurgaon, India

Project: HealthCare Mapping and PPP Structuring & FinancingAbstract: Evaluation of the various gaps existing in HealthCare Infrastructure in 10 low income states in India and formulating PPP strategy for same for the IFC funded project under TAS division of E&YRoles and Responsibilities:• Conducted secondary research across the available data sources on internet, databases, internal E&Y publications• Worked independently in tandem with Hospital consultant HOSMAC for studying gaps & identifying opportunities• Studied existing PPP models of various states & suggested possible PPP structuring for private hospital & states• Cracked deal with co-partner for bidding together for the Street Lighting Project

Hyderabad Area, India

Project: Mortgage Datawarehousing, Global Service Desk DW• Worked as Module Lead for 2010 MR1 release for North America, working with onsite counterpart & distributing tasks at offshore• Conducted trainings on Datastage and control-M in HSBC GLT, in recognition of good technical & communication skills • Implemented partial demise of MSDW DataWarehouse with 0 impact on running process• Worked as IQA (Internal Quality Auditor) to ensure 0 Non-Compliance finding in external audit• Completed HSBC GLT Recognised ITSM Executive assessment conducted in Feb 2009• Transitioned the project from Pune to Hyderabad along with 2 team-mates and mentored new resources in 2008

Pune Area, India

Project: ETEWATCHAbstract: ETE Watch is basically an approach to design End to End Response Time Reporting System for HSBC. The system provides vital information about availability and performance of about 40,000 workstations across different countries running several different applications for HSBC.Roles and Responsibilities:• Understanding the business process flow and analyzing the requirements• Identified and automated some of the manual and redundant processes in the system• Recognized by clients for providing quick resolution to performance bottleneck issues

Pgp, General Management

Activities and Societies: Management team, Cultural team, Marketing team, Social sensitivity cellMBA (PGDM) in Finance & Strategy

Frm, Risk, Cleared Level 1

Level 2 candidate

Cfa, Finance

Level 2 candidate

B.E., Electronics & Telecommunications

Activities and Societies: Class representative for 3 yearsEngineering in Electronics & Telecommunications

Class 12Th, Maths, Physics, Chemistry

I did my 12th from this school.

Junior School, Maths, Science, English

Activities and Societies: House CaptainI did my schooling here till class- 10th.