Devang Bhatt Email & Phone Number

Bengaluru, Karnataka, India

- Transition & oversee the monthly Group close process for 3 FTE’s across APAC (Singapore & Hongkong) & EMEA for subsidiaries setup across regions. - Review and oversee regulatory reporting for submission to MAS & SFC regulated entities, typically encompassing accounting, capital, liquidity & AUM data. - Liaison with TPA’s across regions to ensure timely data delivery & reconciliation to incorporate monthly entries into General Ledger. - Investigation and oversight over the monthly… Show more - Transition & oversee the monthly Group close process for 3 FTE’s across APAC (Singapore & Hongkong) & EMEA for subsidiaries setup across regions. - Review and oversee regulatory reporting for submission to MAS & SFC regulated entities, typically encompassing accounting, capital, liquidity & AUM data. - Liaison with TPA’s across regions to ensure timely data delivery & reconciliation to incorporate monthly entries into General Ledger. - Investigation and oversight over the monthly intercompany close process and driving the evolution of the end-to-end process for capturing and reporting intercompany transactions. - Build and maintain a strong working relationship with all internal and external stakeholders. Show less

Pune

Mar’21 – Jan’22 – Transition Management Team- Working on design & production of Intra Month Balance Sheet (“IMBS”) in the event of a resolution scenario to deliver regulatory commitments for FINMA, PRA & IHC regulators- Liaising the business requirements with IT & Change teams to ensure optimization of budgets allocation and analyzing cost benefit analysis for system developments including review and signoff of BRD’s, Dry-run (incl. UAT) & Implementation thereof- Pivotal in design &… Show more Mar’21 – Jan’22 – Transition Management Team- Working on design & production of Intra Month Balance Sheet (“IMBS”) in the event of a resolution scenario to deliver regulatory commitments for FINMA, PRA & IHC regulators- Liaising the business requirements with IT & Change teams to ensure optimization of budgets allocation and analyzing cost benefit analysis for system developments including review and signoff of BRD’s, Dry-run (incl. UAT) & Implementation thereof- Pivotal in design & implementation of Trade and Reference Data reconciliation by analyzing critical data attribute for reporting & tracing source for completeness & accuracy sign-off & data provider hand-off agreementsSep’17- Feb’21 – Basel Management Reporting Team- Transition of Daily Balance Sheet reporting from NY team and setting up Global Balance Sheet Production team in Pune as part of Supplementary Leverage ratio & US RRP reporting (7 FTE’s)- Implemented & automated processes including designing & implementation of SOX Controls to ensure accurate reporting in Financial Statements - Ensure accurate and timely adjustments of regulatory data for Leverage Reporting within FINMA & PRA and Federal Reserve Board as per prescribed regulatory timelines- Coordinate with auditors, and third parties for Vendor staff dealing with the company and keeping strong rapport with the sameNov’12-Aug’17 – Legal Entity Accounting & Reporting Team- Steering end-to-end legal entity accounting, reporting & controlling function for Derivatives & SLB Reporting, Cash Flow Projections, Systems Reconciliation, Loans & Deposits accounting, Transfer Pricing Reasonability & Tax Pack preparations- Proficient in transition of USGAAP & IFRS reporting entities (4 FTE’s) setup in Moscow, South Africa, Middle East region for Broker-Dealer, Private Banking & Wealth Management, Asset Management and Investment Bank entities Show less

Mumbai, Maharashtra, India

- Managed a team of 6 involved in the transition of controllership function from Hong Kong, Singapore and South Korea to Asia ex-Japan region - Prepared and maintained reports based on reporting USGAAP and Local GAAP - Scheduled reporting of 20F and 6K reporting in accordance with SEC Rules- Facilitated the decision making process at management level by creating financial and statistical information and reports in form of review deck- Identified areas of improvement and… Show more - Managed a team of 6 involved in the transition of controllership function from Hong Kong, Singapore and South Korea to Asia ex-Japan region - Prepared and maintained reports based on reporting USGAAP and Local GAAP - Scheduled reporting of 20F and 6K reporting in accordance with SEC Rules- Facilitated the decision making process at management level by creating financial and statistical information and reports in form of review deck- Identified areas of improvement and additional transition; initiated the automation of processes- Supported the preparation of the financial statements of the assigned entities; gathered information for external auditors and ensured its compliance with the local laws and regulations - Monitoring the financial ratios to ensure the net worth of the legal entities is adhered to as per Regulatory norms and liaise with the Treasury, Tax and Legal for the funding requirements for capital infusion.- Monitoring various inter-company relationships/ elimination pertaining to trading, settlement and financing, including derivatives Show less

Mumbai Metropolitan Region

- Planning, scheduling and finalizing Statutory Audits in compliance to the acts, accounting standards, accounting assurance standards and guidelines for Dot Com, FMCG, Heavy Industries, Automobile, Manufacturing & IT Service sectors.- Leading large audit teams involved in conducting Statutory & Tax Audits in compliance with CARO & SEBI guidelines- Formulating Audit strategies including identification of key risk assessment areas, materiality judgement, detailed scoping & orientation of… Show more - Planning, scheduling and finalizing Statutory Audits in compliance to the acts, accounting standards, accounting assurance standards and guidelines for Dot Com, FMCG, Heavy Industries, Automobile, Manufacturing & IT Service sectors.- Leading large audit teams involved in conducting Statutory & Tax Audits in compliance with CARO & SEBI guidelines- Formulating Audit strategies including identification of key risk assessment areas, materiality judgement, detailed scoping & orientation of team- Performed consolidation of accounts & Extended assurance services to clients- Summarise Key Audit issues and present to Engagement Partner & Manager for effective conclusion & resolution. Show less

Education record

Bachelor'S Degree, Banking And Financial Support Services

Associate Chartered Accountant, Accounting And Finance

Bachelor Of Commerce - Bcom, Accounting And Finance

Education record