Bhagyashri Gawaskar Email & Phone Number

India

Role: Capital and RWA Actuals Review Team (CRRT) - 2nd line of defense (LoD) Risk Review function- Conduct independent review and testing of end-to-end spot capital and RWA, ensuring alignment with U.S. Basel rules.- Challenge existing processes, identify findings, and communicate effectively with stakeholders to formulate corrective action plans.- Collaborate with Basel Interpretations Teams to comprehend complex Basel RWA rule interpretations, ensuring validation of implementation accuracy.Responsibilities and contributions:- Performed pivotal reviews ensuring strict U.S. Prudential rule compliance (SA-CCR Post Implementation and Targeted Review, Retail credit card, Securitization, OCC notifications).- Led and executed Process & Controls Testing across Topside RWA Adjustments (BCC 13-3) to assess the effectiveness and accuracy of controls.- Identified and addressed control and rule interpretation gaps, catalyzing essential RWA corrections.- Co-engineered advanced SA-CCR Excel calculator, elevating precision in RWA calculations and system comparisons.- Championed "audit-style" approach, earning recognition for risk management mindset and unparalleled process granularity.- Demonstrated adept stakeholder management and leadership prowess, elevating deliverable quality.- Expanded expertise in Credit Risk exposures, particularly in Derivatives, through intensive and targeted training.- Mentored emerging talents, seamlessly blending career guidance with extracurricular excellence.- Handpicked to moderate pivotal "Career Conversations" session, drawing audience of over 150 participants.

Maharashtra, India

Role:Global lead for Credit / Market risk governance framework Jan'22 - Jun'22 - (Promoted to Vice President - Jan'22)- Gatekeeper for global regulatory reporting key control frameworkResponsibilities and contributions:- Established standardized documentation process for all regulatory reporting to PRA (Prudential Regulatory Authority).- Strengthened key control framework, placing greater emphasis on attestations and control outcomes.

India

Role: India lead for UK Internal Regulatory reporting - Management Information Systems - Feb'20 to Jan'22- Monitor, analyze, and disseminate capital adequacy, large exposures, and leverage information for regulated entities within framework of UK regulatory reporting, facilitate communication across internal stakeholders.Responsibilities and contributions:- Assumed team responsibilities within first 6 months, demonstrating prompt integration into leadership role.- Established internal review process, resulting in improved accuracy, and implemented three-tier review system to enhance collaboration.- Fostered culture of interpreting and applying new regulations (CRR2/CRDV, IFPR), promoting regulation-based thinking across team.- Led revamping of senior management presentation decks, ensuring synchronized view of deliverables.- Collaborated effectively with UK regulatory projects, contributing to smooth functioning of business operations.- Successfully addressed and resolved all audit queries with precision and efficiency.

India

Role: Project Manager and Business Analyst- Oct'15 to Jan'20 (Promoted from Associate to Assistant Vice President)- Proficient understanding and application of UK regulations, assessing their impact on business operations, conducting thorough testing, and delivering concise presentations to production team.Responsibilities and contributions:- Led projects covering Shadow Banking regulation, Agency Lending Disclosures, and CAPTIS/CAPRI system adoptions.- Executed regulatory changes and system modifications with precision.- Established internal milestones for ensuring timely project delivery.- Effectively communicated with stakeholders to manage testing expectations.- Collaborated with technology teams to implement regulatory and systemic changes.- Recognized with Line of Business (LOB) Excellence Award.

Mumbai Area, India

Role: Legal Entity Controller (LEC), Nomura Financial Products and Services (NFPS)- As lead preparer, responsible for generating accurate monthly, quarterly, and annual balance sheet and income statements for recently established legal entity.Responsibilities and contributions:- Promoted to Assistant Manager, entrusted with leading newly established broker-dealer entity.- Cultivated excellent stakeholder relationships, demonstrating expertise through two visits to Japan.- Developed and monitored balance sheet and profit and loss statements for trading securities, contributing to quarterly global reporting.- Conducted impactful knowledge-sharing sessions for wider teams.- Successfully achieved Six Sigma Yellow Belt certification.

Pune

Role: GL STAR - Reconciliations - System and Business- Create monthly trend analysis for senior management to facilitate informed decision-making.- Perform and present system reconciliations to key stakeholders, ensuring clarity and transparency.Responsibilities and contributions:- Led projects on accounting policies for derivatives, securities, financing transactions, fixed income, and loan products leveraging trend analysis and presenting them to senior stakeholders.- Prepared reports assessing foreign position of banks (FPOB), offering valuable insights.- Recognized with team award for notable contributions to project success.

Mumbai Area, India

Role: Product Controller (PC) - High Yield Capital Markets (HYCM) and Total Return Swaps (TRS)- Prepare detailed fee-based income statements and balance sheets, ensuring financial accuracy.- Conduct rigorous analysis of independent price verification and management review process for fixed income securities.Responsibilities and contributions:- Formulated excel based variance analysis for query resolution on prepared statements.- Nominated to receive reverse transition for aforesaid role.- Conducted knowledge sharing sessions for wider groups.

Mumbai Area, India

Role: Legal Entity Controller (LEC) and Management Information System (MIS)- Monitor and prepare monthly, quarterly and annual balance sheet and income statements along with business-level trend analysis.Responsibilities and contributions:- Executed entity and business level reporting and performed trend analysis between budgets and actuals.- Awarded 4 times for contributions to business and projects