Dharmesh Kapadia Email & Phone Number

London, England, United Kingdom

o To support the EMEA regional GCPP (Global Cross Product Processing which includes Securities settlements, Asset Servicing and Cash products/FX/OTC settlements)o Responsibilities include:• Part of the Global Balance sheet Control Management team reporting directly to Global Head • Balance sheet control, substantiation and sign off• Supervision of teams in London, India and Dublin• New Legal entity creation, migrations and wind downs• Regulatory client money• Regulatory reporting to PRA, OSII and CSDR returns for Bank of England and Bank of Ireland• Independent risk assessments and reporting for key risk indicators and balance sheet risk• Key Operations point of contact with Product Control and Financial Control for functions supported• Key Operations point of contact for internal and External Audit o Achievements over the period:• Responsible for implementation of new front to back Front Office Sourcing infrastructure for products supported including accounting flows and new control environment and balance sheet substantiation.• Implementation of new Prime Services Dublin entity and new EU entity prior to Brexit • Process improvements that led to enhanced controls and efficiency• Implementation of IMBS (Intra month balance sheet) – Regulatory requirement where balances sheets would need to be accurately reported intra month at request or regulators and not just and month ends.• Successfully offshoring roles and functions to India and the USA.• Implementation of automated Regulatory client money process into a new CS platform

London, England, United Kingdom

o Part of the Global Asset Servicing management teamo Management of the control staff in London and NYo Set up from scratch a deployed offshore site in India and created an oversight team in London to support services and process being deployedo Responsible for the complete control environment for both deployed and non-deployed functions including:• Balance sheet control, substantiation and sign off• Regulatory client money• Tax control and reporting

London, England, United Kingdom

o Managing a team of 13 people on a forensic investigation on equity swaps front to back control environment• Forensic investigation on cost of funding controls and historic issues• Reconstructed 4 years of historic equity structured swaps trades and forensically agreed to P/L and balance sheet to resolve historic issues• Constructed a read across to current environment to validate current control model• Won the Credit Suisse above and beyond award for leading and delivering the project

London, England, United Kingdom

• Led an investigation into Equity Financing Product. (Equity swaps, Stock loan and prime brokerage). This was a very high profile project that arose due to historic accounting errors that needed investigating, solving and presenting to senior management. The project was resolved and completed on time.• Led an Investigation into cost of funding misallocation. This Involved a forensic investigation into the way funding worked for equity and equity financing products. A very large misallocation was identified and reallocated back to the correct business lines. This work was used to refine and develop models for the allocation of funding by various products for future purposes.• Drove the development of cost of funding gap-monitoring tool. This involved the daily tracking of total funding to total allocation difference and the development of tools for daily investigation. This resulted in there being no material overall unknown funding gap over a space of a year.• Carried out extensive research and planning into the transition from a mark to market funding methodology to a cash based methodology and designed the complete internal charging process to the trading books.• Responsible for the testing, development and enhancement to the settlement system general ledger and acted as department expert on all accounting issues associated with the settlement system. This involved a high level of interaction with other product control teams, Operations Financial Control and IT. • Put in place a procedure for the management of central FX exposure, monthly sell down and process for the year-end.• Streamlined, automated and tested the year-end process for the settlement system general ledger which made reconciling FX exposure and retained reserves easier and more efficient

London Area, United Kingdom

o Managing group that was responsible for:• Daily front to back reconciliation’s• Production of the daily P&L for Equity Derivatives product.• Production of the global Equity Derivatives management accounts.• Cost of funding allocation to trader’s books.• Legal entity intercompany transfer pricing.• Financial control of the Barclays Capital Securities Ltd balance sheet that included; annual statutory accounts, monthly SFA returns, quarterly internal group accounts and derivatives disclosures.o Other achievement over the period:• Responsible for the transfer and sign off of positions on the sale of the BZW Equities Business to Credit Suisse and all subsequent accounting in Barclays Capital Securities after the sale. • Managed the migration from a general ledger point of view of two trading systems and one back office settlement systems. (Front office trading systems Colt to Panorama and then from Panorama to Sophis. Back office settlement systems Aries to Fiss).• Responsible for re-engineering processes and controls before and after each system migration.• Played a key roll in the decommissioning of the legacy systems and solving P&L and Position breaks.• Designed and implemented with IT and Operations a new trade processing and accounting feed for Equity OTC products. This included the migration and close down of the old methodology and the design and implementation of the subsequent reconciliation’s needed to be done in the new environment.

London Area, United Kingdom

• Production of the daily global Equity and Bonds product management accounts and daily P&L• Production of quarterly Group accounts.• Daily production of regulatory capital calculations and tracking of SFA financial resources.• Production of the month end regulatory SFA (Securities and Futures Association) returns.• Extensive liaison with traders to approve trades that would require large amounts regulatory capital and the drafting of capital injection papers and analysis to Group.

London, England, United Kingdom

• Production of Cost accounts and internal reallocation analysis for all support divisions.• Liaison with support business heads to compile annual costs and internal allocation budgets and forecasts.

London, England, United Kingdom

• All accounting issues and monthly reporting in relation to the Service Company that bore most of the costs for the BZW group.• Intercompany recharges reconciliations and settlement • Ensuring that Service Company has adequate day-to-day cash liquidity to fund the costs it incurs.

Bachelor Of Arts - Ba, Accounting And Finance

Education record