Astute finance and holding extensive experience of more than two decades predominantly in the Banking & Financial Service sectors. Wide spectrum of experience in country, region & global roles, covering Change Management, Re-engineering, Business Finance, Financial Planning & Analysis, Product Finance & Control/Governance, Balance sheet management, Cost Management, Finance Projects/Change/Transformation. A strategist has a distinct ability to consistently improve efficiencies on customer deliverables through product innovation & continuous process/operational improvements. Creative self-starter with a solution oriented mindset and action based approach. Proven track record in delivering continuous improvement, embedding a digitization-based approach to change.An inspirational team leader engendering an inclusive and hands-on approach, driving high levels of people engagement and motivation across skilled teams, fostering amicable work relationships and professional compatibility among team members and subordinates. Highly competent at nurturing high performing teams, committed to create sustained franchise value through strategic change, planning and high quality analysis, business engagements and insights.Adept at communication and stakeholder management at the senior level. Demonstrated ability to influence strategy and management decisions through collaboration with the Board, Audit and Risk committees, Management committee etc. Strong collaborative skills and proven ability to partner with a wide array of senior business stakeholders across functions and geographies. Chartered Accountant by profession. Motivated by challenges and thrives in innovative and demanding environments. Obsessed with simplifying the lives of customers and holds a deep-seated desire to help others and make a difference in society. Feel free to contact me at 9176682611 or at sateesh.korimilli@gmail.com
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Vice PresidentStandard CharteredBengaluru, Ka, In -
Associate Vice PresidentStandard Chartered Bank Aug 2021 - PresentBengaluru, Karnataka, IndiaA key priority for Core Finance Change as part of the Aspire Program is to establish a centre of excellence across core finance functions. As a member of the Aspire Core Finance Change CoE responsibe for the end-end solution delivery of core finance change projects across core finance functions including Finance functions Ledger, Consolidation, Financial and Management Reporting, cost allocations & transfer pricing, planning and performance management, Master data goverance. Managing senior stakeholders, project management responsibility, solution / process design, operational delivery, risk and issue resolution.
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Senior Manager – Group Fp & AStandard Chartered Bank Apr 2016 - Jul 2021Bengaluru, Karnataka, IndiaActively participated and suggested metrics for RM scorecards. I efficiently liaised with business heads to recognize cost control initiatives and reached a consensus with different countries on drivers and cost allocation across different segments and products. Assessed the performance across the business by devising data modeling used for computing KPI’s such as EVA and RoE. I provided a heads-up to the management team (MT) on the monthly/quarterly profit and loss (PL) view by running the month-end flash. Evaluated the channel effectiveness for the revenue budget (RB) segment and productivity for job families and Relationship Managers (RMs) by effectively establishing key metrics against acquisition cost.• FP&A: I summarized monthly, quarterly, annual reports and presentations to project the expense analyses and integrated revenue details. In addition to this, I identified business-related performance issues, risks and potential opportunities in the current and future plans and also conducted an in-depth analysis of financial packs, businesses and customer perception. I supervised monthly closing activities and ascertained the precise landing of actuals. I had redefined the organizational structures for different products and segments after comparing the impacted financial system on yearly basis and subsequently preparing restatements for the previous periods. • Forum Discussions: Additionally, I collaborated with onshore and FC management teams to steer diverse monthly and quarterly governance forums and also worked on the open items. I also represented the business segments in different forums. Achievements:• I envisioned and initiated a new segment for the commercial banking sector and revamped its financials. With detailed analysis of the data available and initiated clear, consistent reporting and operating processes.
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ManagerStandard Chartered Bank Apr 2013 - Sep 2016Chennai, Tamil Nadu, IndiaAs a Client Analytics Manager, I drove the vision of the bank by efficiently communicating, mentoring and building a good rapport with the team and systematically tracked the performance of RMs based on risk-adjusted profitability metrics by preparing a detailed account plan.Key Responsibilities: • Key Results: I played a major role in providing precise financial performance reports and analysis, ensuring on-time delivery and leveraged business and finance partnering. Further, I monitored product/segment performance, provided suggestions on sales scorecards and tactical incentive programs. • Client Analytics: I take great pride in mentioning that I efficiently performed the client analytics including geo cross-selling, product cross-selling and Risk-Weighted Asset (RWA) movements under different scenarios for the top 90 and next 100 clients. • Process Optimization: To optimize processes, I coordinated with the team to reduce RWA and further sell down loans and cross-checked future cash flows. Also, I strategically identified key drivers across products and markets and performed light-touch analysis every month and detailed analysis every quarter.• Financial Reporting: I performed an in-depth analysis on financial performance and furnished required information for decision making. Additionally, I furnished comprehensive monthly/quarterly packs for Management Business Review (MBR) organized by the management team. • Risk Management: I meticulously analyzed the possibilities of potential risks and opportunities.
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Associate ManagerStandard Chartered Bank Jun 2009 - Mar 2013Chennai, Tamil Nadu, IndiaUnderstanding business requirements and implementing business reporting tool performance management information(PMI) for bank to measure the business performance based on risk
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Internal AuditorBhatia Brothers Group Llc, Dubai Aug 2007 - Jan 2009Key Responsibilities: Back then, I was designated as an Auditor in the Internal Audit Department and worked in collaboration with external and statutory auditors. I focused my efforts on minimizing business interruption by efficiently initializing and designing a business continuity process for the organization. Also, I strategically coordinated with the legal counsel team to streamline the regulatory compliance programs and extended support to the organizations’ anti-fraud programs. In addition to these, • Process Optimization: I smoothened the processes of risk management, control and functioning of governance systems and ensured that the organizational objectives and goals were met. To avoid any escalations, I directly reported the identified risk management issues and internal control defects to the senior audit committee and also recommended new proposals to enhance organizational operations and performance efficiency. • Cross-functional Team Collaboration: I had effectively liaised with the management team, audit committee team and internal and external teams while sustaining open communication with them.
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Financial AnalystHewlett Packard (India) Private Ltd Jun 2006 - Aug 2007Chennai, Tamil Nadu, IndiaKey Responsibilities: As a Financial Analyst, I served as the team’s auditor and authenticated the year-end tax processing by efficiently reconciling salaries and deductions on a need basis. Further, • Financial Planning and Analysis: From a financial standpoint, I steered various responsibilities, including preparation of month-end reconciliation, monitoring net pay control account and stock options and purchase reconciliation. Diligently, I administered Central Provident Fund reconciliation that included timely payment of the exact amount to the government. • Audit Compliance: I had served as the payroll team auditor and supervised the SOX/ISO audit certifications for the payroll department. To smoothen the audit process, I furnished the required payroll-related information to the organizations’ statutory auditors. -
Financial AnalystXansa India Limited Mar 2005 - Jul 2006Chennai, Tamil Nadu, IndiaKey Responsibilities:Here, in this project, I steered the financial control and reporting team and efficiently handled payroll reconciliations. Moreover, I administered month-end processing, including adjustment of entries and closing book of accounts. While working in this project, I acquired an in-depth understanding of the business requirements and statutory rules by liaising with UK officials and authorities.
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Audit AssistantN.V. Balaji & Co. Sep 2002 - Mar 2005Chennai, Tamil Nadu, IndiaKey Responsibilities:Like in any other company, even in this company, I streamlined the internal audit procedures and systems for various clientele. Also, I efficiently implemented internal controls, systems and procedures in the organization’s software applications and developed applications in MS Excel to generate MIS Reports. I effectively utilized QuickBooks and Peachtree to prepare client accounts. In addition to these, • From a financial operations point of view, I spearheaded various finance-related responsibilities, including financial forecasting review, aging analysis and forecasting, budgeting and fabricating projected revenue statements for different clients. Also, I proposed new systems and process controls to strategically administer financial analysis and data interpretation for the clients.
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Article ClerkB.M. Ramesh & Co. Aug 1999 - Aug 2002Chennai, Tamil Nadu, IndiaKey Responsibilities:Here, I played a significant role in driving various audit processes including statutory, tax, bank and internal audits. The bank audits were conducted for different private sector banks.• Statutory Audits: I systematically researched and assessed operational and financial controls and developed audit strategies and audit programs. I always adhered to standard auditing practices while conducting audits as per the Indian Companies Act and other applicable regulations and also generated financial statements in compliance with the accounting standards and disclosure requirements as per Schedule VI of Companies Act, 1956. • Tax Audits: While conducting tax audits, I strictly conformed to the requirements of the Income Tax Act, 1961 for the finalization of accounts. • Bank Audits: For the bank audits, I supervised inspection audits and revenue audits of various public sector banks simultaneously and conducted a statutory audit of the branches of public sector banks. • Internal Audits: I regulated the internal audit procedures and systems for various clientele. Additionally, I methodically developed internal controls, systems and procedures in the organization’s software applications and built applications in MS Excel to generate MIS Reports.
Sateesh K Education Details
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Chartered Accountant -
Bachelor Of Commerce - Bcom -
Higher Secondary
Frequently Asked Questions about Sateesh K
What company does Sateesh K work for?
Sateesh K works for Standard Chartered
What is Sateesh K's role at the current company?
Sateesh K's current role is Vice President.
What schools did Sateesh K attend?
Sateesh K attended The Institute Of Chartered Accountants Of India, Utkal University, Kendriya Vidyalaya.
Who are Sateesh K's colleagues?
Sateesh K's colleagues are Arsalan Khan, Abdul Salam, Vishal Koli, Cynthia Wu, Priyanka Sethi, Pirakash Subramaniam Ica, Rishav Jain.
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