Somnath Sarkar Email & Phone Number

Bengaluru, Karnataka, India

Heading the Error Management in Centre of Excellence (CoE) at Asset and Wealth Management Ops

Bengaluru, Karnataka, India

Spearheading Risk team of CWS for APAC and India, with ownership of providing support to functional and regional leadership to develop and implement appropriate risk management framework and standardize risk reporting and escalation. Additionally, responsible for H&S (Real estate) and Operational requirements and regulatory vendor compliances in India, having provided able leadership that led to achievement of 95%+ scorecard in labour compliances. Also, led lateral hire integration programs… Show more Spearheading Risk team of CWS for APAC and India, with ownership of providing support to functional and regional leadership to develop and implement appropriate risk management framework and standardize risk reporting and escalation. Additionally, responsible for H&S (Real estate) and Operational requirements and regulatory vendor compliances in India, having provided able leadership that led to achievement of 95%+ scorecard in labour compliances. Also, led lateral hire integration programs 2022 for People Development Committee • Led an inter department audit for the payment process involving over $11B of disbursements every year and presented to the India Strategic Location Risk Committee (ISLRC)o The audit was presented in the India risk committee and outcome was appreciated by regional leadership• Led a team to determine resiliency strategies (near site as well far site) with Bangalore leadership during migration of ~ 7000 employees to new campus in May 2019• Co-led Business Continuity Planning (BCP) initiatives in Sep 2020 and conducted resiliency drills to check on preparedness of functions in 2022 for Bangaloreo The resiliency drill initiative is to be replicated this year in other regions • Created Governance strategies for > 85 vendors in Bangaloreo Instrumental in improving the non-compliances from ~35% to ~3-5%, while reducing the pre-migration non-compliances for new vendors in Jan 2022 from an average of ~50% to ~7-8% o Went on to become a reference point itself, having been handpicked to share the initiative as best practice to replicate the success not only regionally but also at a global level• Drove execution of multiple new Second line of defence (2LoD) initiatives in the division, instrumental in driving collaboration with other divisional teams to synergise initiatives o Strengthened governance and supported implementation of new initiatives like SoD, Privacy workbooks, Risk and Control Self Assessments etc much before due date Show less

Bengaluru, Karnataka, India

• Nominated to lead the WELL Certification strategic initiative for the Bangalore Campus spread across 1.5 million Sqft. o Set up internal processes, engaged with stakeholders including internal teams, vendors, consultants and others and implemented rigorous control mechanism. o Successfully elevated certification from Silver to Gold at no additional cost with the project becoming ‘The First Building in the World’ and also ‘First Building in India’ to get a WELL Gold Certification of… Show more • Nominated to lead the WELL Certification strategic initiative for the Bangalore Campus spread across 1.5 million Sqft. o Set up internal processes, engaged with stakeholders including internal teams, vendors, consultants and others and implemented rigorous control mechanism. o Successfully elevated certification from Silver to Gold at no additional cost with the project becoming ‘The First Building in the World’ and also ‘First Building in India’ to get a WELL Gold Certification of this size in one phase. o Hold the distinction of being the first WELL accredited professional and SME for the same in Goldman Sachs.• Handpicked for newly created global role of Functional Risk Manager (embedded risk manager) of Real Estate Development (RED).o Went on to successfully add H&S firmwide best practices in all RED contracts worldwide.o Initiated tracking of incidents, trainings, safe man hours among other in project reporting.o Attained > 98% scores for RED in vendor management quarterly assessments done across the firm. Show less

Gurgaon, India

Nov 2014- Sep 2015: Senior Manager, Business Strategy• Spearheaded the strategy vertical - Project Monitoring, and drove synergies among business-critical stakeholders including the senior management team and Project Team, Consultants and Contractors.• Tracked 4 projects (under development and planning stage) with budgeted project cost of INR 3,426 Cr or USD 571 MM (1USD = INR 60).• Developed and managed a tracking system capturing all key milestones, decisions, approvals to… Show more Nov 2014- Sep 2015: Senior Manager, Business Strategy• Spearheaded the strategy vertical - Project Monitoring, and drove synergies among business-critical stakeholders including the senior management team and Project Team, Consultants and Contractors.• Tracked 4 projects (under development and planning stage) with budgeted project cost of INR 3,426 Cr or USD 571 MM (1USD = INR 60).• Developed and managed a tracking system capturing all key milestones, decisions, approvals to efficiently monitor projects with respect to timelines and budgeted cost.• Participated in other Business Strategy verticals of Acquisition and Business Planning.Aug 2011- Mar 2015: Senior Manager, Business Development• Led Business Development for BRL’s acquisitions in key markets of Delhi, Gurgaon and Noida.• Spearheaded BRL’s JDA Deal of a 52 acre (FAR 5 MM SQFT) licensed residential land parcel in Delhi/NCR in 2015.• Received Investment Committee approvals on 9 deals worth USD 711MM (@INR 60)• Owned development and implementation of ISO Process for Business Development function.• Handled Due Diligence of approved projects and ensured timely completion of process and negotiations thereafter. Jun 2013- Aug 2014: EA to CEO - CEO's OfficeCreated the Strategic plans for both Organization and each Function in record time, setting milestones and then monitored on a monthly basis in 2014. Show less

Delhi Ncr

Day-to-day management of the operations for both Investments and Asset ManagementResponsible for sourcing, evaluating, due diligence and closing for all real estate opportunities in India for Balance Sheet investment arm of Ayala and later for ARCH Capital.Participated in India strategy discussions with regional management for Board Meetings and AGMsReceived Investment Committee approvals on 7 deals worth US$ 123MM, total of 11 deals worth US$ 237.8MMAqualily… Show more Day-to-day management of the operations for both Investments and Asset ManagementResponsible for sourcing, evaluating, due diligence and closing for all real estate opportunities in India for Balance Sheet investment arm of Ayala and later for ARCH Capital.Participated in India strategy discussions with regional management for Board Meetings and AGMsReceived Investment Committee approvals on 7 deals worth US$ 123MM, total of 11 deals worth US$ 237.8MMAqualily, Mahindra World City, ChennaiMonitored the existing investment (a JV with the Mahindra Group of Companies)Relationship management with Mahindra Group on a day-to-day basis Show less

Delhi Ncr

Responsible for sourcing, evaluating, due diligence and closing for all real estate opportunities in India

London, United Kingdom

Skilled at analyzing and recommending solutions for various business challenges and investment opportunities. London XX Hospital, LondonCore team member in defining the concept of ‘Five Star Luxury Hospital’ (presently non existent in London Market). Project Budget is of ₤ 80m.Overlooked ₤ 40m of refurbishment budget with responsibility of liaisoning with professional teams (Legal and Project team consultants), end user groups and major Equipment… Show more Skilled at analyzing and recommending solutions for various business challenges and investment opportunities. London XX Hospital, LondonCore team member in defining the concept of ‘Five Star Luxury Hospital’ (presently non existent in London Market). Project Budget is of ₤ 80m.Overlooked ₤ 40m of refurbishment budget with responsibility of liaisoning with professional teams (Legal and Project team consultants), end user groups and major Equipment suppliersOverlooked the financial model of the hospital, project plan and manage property post acquisitionAlpha XX , United KingdomIn the mature healthcare segment of Elderly Care, XX had 13 care homes in United Kingdom with 640 bedsExplored AHC’s performance vs others and recommended strategies to increase Operating margin by 10%Executive Assistant reporting to the Chief Executive Officer (CEO)Proof tested concepts and ascertained feasibility for various investment decisions deemed strategicEvaluated real estate investments in UAE, East Europe and Russia. Show less

Delhi, India

Describe your position

Delhi, India

Delhi, India

• Designed over 45 outlets pan- India for Barista Coffee Company• Started modular counters and reduced the construction time by over 30%

Master Of Business Administration - Mba, Business Administration And Management, General, Dean'S List (Top 10% Of Batch) In Last Trimester

Masters In Business Administration, General Management, Finance And Marketing

Activities and Societies: Creative Editor of Asian Institute of Management’s student’s magazine “Perspectives” initiated after 3years

Bachelor'S Degree, Architecture

Bachelors In Architecture, Architecture Planning, Project Management

Activities and Societies: National Association of Students of Architecture

Aissce, English, Physics, Mathematics, Chemistry, Mechanical Drawing

Master Of Business Administration - Mba, Business Administration And Management, General

Bachelors In Architecture