Maulik Shah

Maulik Shah Email and Phone Number

Managing Director I Financial Services I Financial & Regulatory Assurance | Legal Entity Control | Stakeholder Management | SME - Controls & Risk Mitigation Strategies @ State Street
boston, massachusetts, united states
Maulik Shah's Location
Bengaluru, Karnataka, India, India
Maulik Shah's Contact Details

Maulik Shah personal email

About Maulik Shah

SUMMARY❑ About me: Introducing you to my career chronicles, I am a Chartered Accountant and a Group Finance Leader with 2+ decades of strategic and operational level experience in various aspects of financial spectrum, particularly assurance and advisory services (IFRS & Regulatory) for big 4 accounting firms and global leader for financial statements. Have worked in London with KPMG for over 5 years and serviced different clients in financial services industry. My forte entails strong understanding of operational risk management framework, control enhancement, regulatory/financial reporting and technical expertise on accounting standards (IFRS) and financial statements.❑ Value Brought Up: Over the years, I have profited the business leveraging strong people management skills; verified success in sourcing best-fit talent and building & leading teams beyond national boundaries (Poland and US). As a relationship catalyst, I have managed business stakeholders across all geographies (US, UK, Europe and APAC). Besides directing large change (IFRS 9/ IFRS 15/ IFRS 16) and innovation projects, I have directed preparation of financial statement under 15 GAAPs (e.g. IFRS, US GAAP, Dutch GAAP, UK GAAP, SWISS GAAP, Australian GAAP and Singapore GAAP) spread across 20 jurisdictions. Have been a technical expert and interacted with FCA on CASS (Client Money and Asset) rules and their interpretation. ❑ Present Engagement: In my present capacity at State Street as Global Lead – Regulatory Reporting Assurance (RRA), I am functioning as the “key member” of the Business Risk Global Leadership Team as well as managing Financial Controls Oversight (FCO) Team in India. We provide assurance on financial (SOX program) and regulatory reporting (FRY14Q, BASEL III, LCR, FINREP etc). Single-handedly drove transformational projects ensuring timely delivery of projects.❑ Specialties: Financial Statements Production | Transition, Change & Re-engineering | Analytics & Financial Reporting | Audit & Compliance | People Management | FTE Reduction | Regulatory Assurance I Process Improvements | Change (IFRS 9/ IFRS 15/ IFRS 16) and Innovation Projects | Imparted technical trainings on IFRS and Regulatory rules I CASS I Operational and Functional Leadership ❑ Connect with me at: mailmaulikshah@gmail.com

Maulik Shah's Current Company Details
State Street

State Street

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Managing Director I Financial Services I Financial & Regulatory Assurance | Legal Entity Control | Stakeholder Management | SME - Controls & Risk Mitigation Strategies
boston, massachusetts, united states
Website:
statestreet.com
Employees:
36424
Maulik Shah Work Experience Details
  • State Street
    Managing Director
    State Street Sep 2020 - Present
    Bangalore
    Global Head – Regulatory Reporting Assurance (RRA), Billing Assurance and Global Finance Centre lead for Finance Business Risk Functioning as the “key member” of the Business Risk Global Leadership Team as well as managing Financial Controls Oversight - SOX (FCO) Team in India. Structurally reporting to the Head Business Risk. My role includes providing tactical, industry and managerial insight in directing and executing the monitoring and testing activities (control and substantive)… Show more Global Head – Regulatory Reporting Assurance (RRA), Billing Assurance and Global Finance Centre lead for Finance Business Risk Functioning as the “key member” of the Business Risk Global Leadership Team as well as managing Financial Controls Oversight - SOX (FCO) Team in India. Structurally reporting to the Head Business Risk. My role includes providing tactical, industry and managerial insight in directing and executing the monitoring and testing activities (control and substantive) supporting the following enterprise-wide programs across all geographies:- Sarbanes-Oxley Compliance / Internal Control over Financial Reporting (ICFR)- Internal Control over Global Regulatory Reporting- Basel independent validation- Assurance on key global regulatory reports [(e.g. FRY14Q, FRY9C, FINREP, COREP, Capital Adequacy (CCAR) and Liquidity Coverage (LCR)]I establish / upgrade the required infrastructure to enable best-in-class testing model in partnership with the RRA Leadership Team and provide thought leadership on department practices such as the execution of internal control monitoring and reporting capabilities. Hiring best-fit talent and people management is also a crucial aspect of my role. I head cross-geo staff of over 120 professionals across the hub teams in Poland, Bangalore, Hyderabad and the Joint Venture staff in Coimbatore and Chennai. Also, participate in recruitment and retention of appropriately qualified accountants/ controllers. Show less
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  • Credit Suisse
    Director & Global Lead - Financial Statements
    Credit Suisse Jan 2017 - Sep 2020
    India
    I largely contributed in controlling and directing entirety of legal entity standard reporting, providing leadership to a team of 70+ Chartered Accountants across Pune and Raleigh engaged in preparing over 150 financial statements annually as per local GAAP, IFRS or US GAAP.I directed preparation of financial statement under 15 GAAPs ( e.g. IFRS, US GAAP, Dutch GAAP, UK GAAP, SWISS GAAP, Australian GAAP and Singapore GAAP) spread across 20 jurisdictions in addition to developing and… Show more I largely contributed in controlling and directing entirety of legal entity standard reporting, providing leadership to a team of 70+ Chartered Accountants across Pune and Raleigh engaged in preparing over 150 financial statements annually as per local GAAP, IFRS or US GAAP.I directed preparation of financial statement under 15 GAAPs ( e.g. IFRS, US GAAP, Dutch GAAP, UK GAAP, SWISS GAAP, Australian GAAP and Singapore GAAP) spread across 20 jurisdictions in addition to developing and presenting the monthly and quarterly dashboards to stakeholders. Reviewing the impact of new accounting standards (for example IFRS9, IFRS 15 and IFRS 16) and inculcating them in financial statement. Leveraging timely delivery outputs and solid relationship management skills I developing profitable business relationship with control owners, independent risk management, audit and regulators as well as with stakeholders. Value additions to the company: ✔Led innovation for financial statements production processes and implemented “Wdesk" tool for preparation and review of financial statements for internal stakeholders and auditors.✔ Key lead within standard reporting for facilitating auditor rotation from KPMG to PwC. Led audit acceleration project which ensured timely exit of KPMG which was appreciated by the Group CFO. Show less
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  • Credit Suisse
    Vice President - Lead On Financial Statements
    Credit Suisse Apr 2014 - Dec 2016
    Pune Area, India
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  • Kpmg Uk
    Manager - Ifrs And Cass Technical Team
    Kpmg Uk Dec 2010 - Mar 2014
    Career Progression⚫ Audit Senior Associate (2005 – 2005) ⚫ Assistant Manager (2006 – 2010) ⚫ Manager - Financial Sector Assurance Services (2011 to 2014)During the progressive stint, I led, persuaded and executed various IFRS accounting and regulatory advisory assignments (Client Money and Assets) for multi-industry clients i.e. large private sector banks, investment managers, sovereign wealth funds, multinational fund houses, information technology companies with operations… Show more Career Progression⚫ Audit Senior Associate (2005 – 2005) ⚫ Assistant Manager (2006 – 2010) ⚫ Manager - Financial Sector Assurance Services (2011 to 2014)During the progressive stint, I led, persuaded and executed various IFRS accounting and regulatory advisory assignments (Client Money and Assets) for multi-industry clients i.e. large private sector banks, investment managers, sovereign wealth funds, multinational fund houses, information technology companies with operations across the globe.Projects Executed for KPMG UK - Accounting Advisory / External Audit / Regulatory Advisory✔ Managed £1 million fee worth project “IFRS convergence of a sovereign wealth fund” for a span of 2 years.✔Managed statutory audits of listed entities under IFRS encircling timely completion and issue of audit opinions, budget v/s actual monitoring, people management and presentation to audit committee. ✔ Co-led the Client Money and Assets (CASS) service line and registered active involvement in identifying opportunities, leading client meetings and resolving client queries with the FCA. Projects Executed for KPMG INDIA - IFRS Advisory / External Audit and SOX 404 / Due-Diligence: ✔ Led audit involving risk based audit approach adopting auditing standards (ISA, AICPA, PCAO-B and Indian Standards of Auditing) to ensure compliance and true & fair presentation of financial statements being audited in accordance with IFRS/ US/ UK/ Indian GAAP. ✔ Assisted a Private Equity firm in acquisition of Software Solutions firm, the largest publishing services and content processing company in India. Show less
  • Kpmg
    Asst. Manager
    Kpmg Oct 2007 - Sep 2011
  • Kpmg
    Senior Associate
    Kpmg Jun 2005 - Sep 2007
  • Little Italy Restaurant - Bangalore
    Partner
    Little Italy Restaurant - Bangalore May 2001 - Jan 2003
  • Af Fergusson, Mumbai
    Auditor
    Af Fergusson, Mumbai Aug 1997 - Aug 2000
    Mumbai Area, India

Maulik Shah Skills

Internal Controls Ifrs Auditing Accounting Due Diligence Regulatory And Compliance Reviews Cass Rules Us Gaap Financial Services External Audit Assurance Financial Audits Sarbanes Oxley Act Financial Statements Client Money U.s. Generally Accepted Accounting Principles International Financial Reporting Standards

Maulik Shah Education Details

Frequently Asked Questions about Maulik Shah

What company does Maulik Shah work for?

Maulik Shah works for State Street

What is Maulik Shah's role at the current company?

Maulik Shah's current role is Managing Director I Financial Services I Financial & Regulatory Assurance | Legal Entity Control | Stakeholder Management | SME - Controls & Risk Mitigation Strategies.

What is Maulik Shah's email address?

Maulik Shah's email address is ma****@****sse.com

What schools did Maulik Shah attend?

Maulik Shah attended Institute Of Chartered Accountants Of India, Sydenham College Of Commerce And Economics, St Xavier's High School.

What are some of Maulik Shah's interests?

Maulik Shah has interest in Travel, Meeting People Of Different Diversities, Nature Treks.

What skills is Maulik Shah known for?

Maulik Shah has skills like Internal Controls, Ifrs, Auditing, Accounting, Due Diligence, Regulatory And Compliance Reviews, Cass Rules, Us Gaap, Financial Services, External Audit, Assurance, Financial Audits.

Who are Maulik Shah's colleagues?

Maulik Shah's colleagues are Caitlin Callahan, Rajeev Atey, Aaron Tazza, Alexandra Hehn, Cynthia Beers, Soorya Theruvath, Ashok Bheemisetty.

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