Lalith Kumar

Lalith Kumar Email and Phone Number

ED - Product lead, Transformation program (Capital and Liquidity solutions) @ Standard Chartered Bank
Singapore
Lalith Kumar's Location
Singapore, Singapore, Singapore
About Lalith Kumar

Lalith is a Finance Transformation leader with over 18 years of experience in driving and complex business objectives and bank wide strategic initiatives specifically around target operating model, finance/Treasury change across Asia Pacific, EMA and UK regions. With his constant positive attitude, Lalith has consistently built a winning mindset team and delivered a strong track record in leading the business growth and effective business operation in various markets within Asia. In the course of extensive career in the investment banking sector, Lalith has been involved in global programmes process optimisation, providing business insights to Treasury/Finance, regulatory reporting, business operation, and project management.Multiple stakeholders were assured of his inspirational leadership, trusted building capabilities and stable hands in managing complex issues and projects. With courage, humility and discipline, his cross-business, cross-functional collaboration accelerated tangible results including efficiencies, risk mitigation, improved data analytics and reporting, driving behavioural shift across functions, capital optimization, resolving business operational complications through standardisation and centralisation, complex project management, and executions. Prior to this role, Lalith was the Finance Change Associate for Asia Pacific region. Multiple stakeholders were assured of his trusted relationship and his leadership in executing a robust business growth strategy in Asia. Lalith’s core capabilities includes business and functional integration, alignment of cross functional inputs, proactive problem-solving techniques. These have been critical in delivering various regulatory requirements and in resolving various complicated and business operational issues as well as bring the organisation to the next height. Prior to joining Royal Bank of Scotland, Lalith was in the Capital management team. He used his vast experience to develop a fully integrated excel based MI analytical reports to senior management providing business insights by region, segment, product. He helped the company to bring down the RWA numbers by identifying and addressing DQ issues and processing errors. Lalith earned his CPA Australia and MBA/MCom/Bcom from India, He majored in Finance in MBA and Accounting/Economics/Commerce in MCom/BCom.

Lalith Kumar's Current Company Details
Standard Chartered Bank

Standard Chartered Bank

View
ED - Product lead, Transformation program (Capital and Liquidity solutions)
Singapore
Website:
sc.com
Employees:
76628
Lalith Kumar Work Experience Details
  • Standard Chartered Bank
    Ed - Product Lead, Transformation Program (Capital And Liquidity Solutions)
    Standard Chartered Bank
    Singapore
  • Standard Chartered Bank
    Executive Director
    Standard Chartered Bank Oct 2021 - Present
    Singapore
    • Key member in delivering Bank’s liquidity internal & external metrics such as LCR, NSFR, CFMR, ALMM, FSA 047/048, Stress testing, Survival horizon etc. Led the team from the front in preparation of metrics, ensure adherence to approved board limits, evaluation of banks risk management framework, Support the delivery the SG MAS capital and liquidity agenda across the region and seeking approval from the board for the renewal of structural limits. Delivered country target of 10% ROTE through process optimisation and standardisation of business process.• Defined finance & operations transformation roadmap that includes delivering operational excellence, new location strategy and proposed TOM, to support an ambitious business growth plans
  • Standard Chartered Bank
    Senior Manager(Vp)-Liquidity Solutions
    Standard Chartered Bank Sep 2014 - Oct 2021
    Singapore
    • Played a crucial role in meeting regulatory commitment of 90% Balance sheet coverage in PRA Liquidity reporting.• Worked with Country finance, Balance sheet management, Group/Regional treasury and Technology teams to implement Liquidity reporting and to ensure compliance with Global and Local regulatory requirements.• Followed up with business and other upstream TP system owners to reduce data adjustments and fix data quality issues at source. • Leveraged integrated approach on data, processes, people and technology to design and execute customer centric solutions that drives efficiency and reduces complexity.• Developed Functional specifications, Build test cases/test plans, Manage/execute SIT and UAT testing, Support system releases and go-live events.• Obtained solutions to issues and work closely with IT, Country Finance, Regional and Group treasury to ensure that all business needs are met by the programme.Strategic onsite assignment, Seoul-South Korea Mar to Oct 2019• Effectively led RUBIK programme, a multi-million programme to create two new hubs ASA & GCNA to facilitate smooth flow of capital and Liquidity portability for Asian operations.• Delivered new Liquidity infrastructure that comprises of regulatory reports, Data Quality Assurances, MI Control Pack and Analytics dashboards.• Actively involved in project steering committees to represent and provide project status update to senior management and other project stakeholders through RAID logs, MPR, QPRs etc.• Identify KPIs, KRIs and KCIs aligned with management objectives, risk appetite and regulatory requirements. Analyse the performance of and the effectiveness of controls in mitigating risks.
  • Royal Bank Of Scotland
    Avp Finance Change
    Royal Bank Of Scotland Apr 2010 - Sep 2014
    Singapore
    • Realisation of significant RWA savings in excess of GBP500m regional target.• Solely responsible for the delivery of APAC liquidity reporting to the FSA, Singapore is the first country to go-live across the globe, while other regions have started this project a while ago. Also, received Best Performer Cash award and Gift vouchers upon successful completion of projects.• Responsible for end to end delivery of Balance Sheet Substantiation and Account ownership project (BSSAO), thereby monthly sign off of accounts/ledger books and the Account Owners were clearly defined. • Key member of a team to deliver a new group reporting platform as part of Group Ledger consolidation project to APAC finance teams. • Responsible for end-to-end delivery of Liquidity project starting from Balance sheet analysis, project planning, Resource allocation through to submission of liquidity reports (Enhanced mismatch report FSA047/048) to the FSA.
  • Anz
    Manager (Capital Management And Risk Reporting)
    Anz Oct 2009 - Mar 2010
    Singapore
    • Followed on business deals, compute the Impact on RWA/regulatory capital on account of RBS assets that has come through and reconcile it back to group risk month end BAU numbers.• Mapping of RBS Risk parameters (PD, LGD) to ANZ Risk standards and building interface to ANZ Risk systems.
  • Standard Chartered Bank
    Capital Management Analyst
    Standard Chartered Bank May 2006 - Oct 2009
    Singapore
    • Analysing the Impact on RWA due to market movements, shift in CRG, ISDA Netting, and other Risk mitigants.• RWA analysis and forecasting, Actuals Vs Forecast analysis, developed excels tools for variance analysis. Analysing MoM RWA movement by Segments, product, CRG, Regions and Country.
  • Scope International
    Team Leader (Basel2 Project Implementation)
    Scope International May 2006 - Apr 2008
    Chennai Area, India
    • Deriving an ETL rule to be applied in the Credit Data warehouse to ensure the level of accuracy of WB systems data required for BASEL compliant risk model, reporting and Credit MIS.• Analyse exception and rejection reports from the Credit Data Warehouse, ensure appropriate data sourcing changes and make timely delivery of relevant documentation.• Reconciliation of Transaction Processing systems data to GL – ensure accurate and complete coverage of Assets and Contingents for Basel II reporting.
  • Icici Bank
    Senior Executive (Operations)
    Icici Bank Jun 2004 - May 2006
    Chennai Area, India
    • Handling Housing Loans Sanctions and disbursement, Resolving post disbursement customer queries including pre-closure, part payment, Interest conversion. MIS to the Branch Manager for the comparison of data over the months.
  • Venkat & Rangaa Chartered Accountants
    Audit Assistant
    Venkat & Rangaa Chartered Accountants Jun 2002 - May 2004
    Chennai Area, India
    • Conducting Internal audit as well as Statutory audit of the companies. Ascertaining Profit and Loss account and Balance Sheet of the company for the given period & advising on Cost control measures.• Validating Purchase, Sales, Journal, Cash and Bank vouchers & Audit on administration (viz., Supervision, Delegation, Communication, etc) and Performing the following Reconciliation (Bank, Debtors, Creditors, Sales, Purchases, Stock, Excise duty)

Lalith Kumar Education Details

  • Cpa Australia
    Obtained Cpa Status
  • Bharthidasan University
    Bharthidasan University
    First Class
  • Icfai University
    Icfai University
    Banking
  • Universiry Of Madras
    Universiry Of Madras
    Commerce And Accounting
  • University Of Madras
    University Of Madras
    Commerce And Accounting

Frequently Asked Questions about Lalith Kumar

What company does Lalith Kumar work for?

Lalith Kumar works for Standard Chartered Bank

What is Lalith Kumar's role at the current company?

Lalith Kumar's current role is ED - Product lead, Transformation program (Capital and Liquidity solutions).

What schools did Lalith Kumar attend?

Lalith Kumar attended Cpa Australia, Bharthidasan University, Icfai University, Universiry Of Madras, University Of Madras.

Who are Lalith Kumar's colleagues?

Lalith Kumar's colleagues are Aaisha Sharma, Garrick Kong, Felita Cahya, Alexis Goeke, Chandra Babu Sahu, Balasubramaniam Kedaranathan, 宋金花.

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