Nikilesh Siddharth Email & Phone Number

Bangalore Urban, Karnataka, India

Regulatory reporting and Risk Management1. Reconciliation of Expected Loss vs Impairment of Assets region-wise on a monthly and quarterly on fully loaded and transitional adjustment basis.2. Preparation of FSA045 breaks by validating the commentary of breaks prior to submission to the regulator.3. Preparation of Covered bonds reconciliation based on exposure value, maturity period, impairment value, and performing reconciliation based on the numbers provided by the entities and numbers in the internal system on a quarterly basis.4. Preparation of domestic vs foreign currency exposure on a quarterly basis.5. Preparation of credit rating report through Fermat and Bloomberg ISIN and counterparty.6. Preparation of Flash/Actual RWA for BSM /GM in monthly reporting. 7. Reconciliation of NCCR and OPS risk RWA’s between TM1 (Group cube vs Site cube).8. Preparing RWA summary files and sharing them to the HBAP sites and providing commentary on variance numbers.

Bengaluru, Karnataka

Statutory Auditing1. Worked on Revenue recognition and documentation involving the recognition of revenue as per the criteria laid out in IFRS 15, by calculating revenues attributed to the current period and future period, using supporting evidence like Contract with customers, invoices to examine the completeness of the transaction and contracts to examine assertions like Existence, Rights & obligations of the transaction.2. Performed Journal entry testing to ensure that financial statements are prepared in accordance with the relevant accounting framework involving testing of provisions, accrual entries, deferred revenues, yearend payments, entries posted on weekends along with approval for such entries.3. Performed testing for transactions like Interest receipts and payments, Commission receipts and payments in foreign currencies using relevant exchange rates and performed recalculation of amount for such entries and matching the same with the entries in General Ledger and enquiring for variances with the client and reviewed contractual agreements to match the interest rates and maturity period of checking completeness.4. Performed P&L testing by aggregating Sub-ledger to General ledger based on the materiality level, reviewing sub-ledger for unusual items like related party transactions, transactions closer to year-end.5. Reviewing the accuracy of financial statements based on attributes like Internal consistency which involves matching entries in financial statements and disclosures, Casting which involves checking whether the accounts are correctly classified according to their nature, agreeing with prior period financial statements for prior period amounts in the current period financials and Roll forward technique which involves spell check, date check, mathematical accuracy of amount.6. Prepared summary of Board minutes based on Board meeting minutes documentation.

Bangalore

Bangalore

1. Worked on IND AS Convergence which involves movement from IGAAP to Ind AS and preparing Financial Statements as per the accounting framework in accordance with IND AS 101.2. Performed in Internal Audit engagement for testing the Procure 2 Pay and Record 2 Report, which involves testing the details provided by the vendors/customers are true, reviewing the contracts agreed between the company and vendor/customers, whether the vendor/customer is approved by the appropriate organizational head, to ensure that the activities are performed according to the control flow laid by the organization.3. Prepared Fixed Assets Register as per IAS 16 Property, plant and equipment and as per the company’s policy on classification of assets and depreciation policy.

Bengaluru Area, India

1. Preparing Bank Reconciliation Statements and a summary report on reconciled and unreconciled entries on monthly and quarterly basis.2. Matching the BRS entries in GL with bank statements and making follow-ups with the users of the entries on daily basis.3. Making a 3-way check of matching bank balances as per GL with Bank Statements and Balance Confirmation on a monthly and quarterly basis to check the accuracy and completeness.4. Assessing and resolving queries of reconciliations to other associates whenever required considering business requirements via e-mail and calls.

Intermediate Level/ Skill Level, Auditing And Assurance, Financial Reporting, Pass

Diploma In Ifrs, International Financial Reporting

Master Of Business Administration - Mba, Finance And Financial Management Services

Bachelor Of Commerce - Bcom, Accounting