C-level business leader with notable strengths in building controls, governance frameworks, and operating models underpinning resilient, efficient, and scalable business footprint and operations for Global Banking & Markets.Played key role in growth of Bank of America in Asia Pacific following its integration with Merrill Lynch. Led business-critical migrations, front-to-back/full-scale strategic business expansions with significant revenue and risk impact, as well as complex transformation projects aligning to Dodd-Frank and business imperatives - all involving extensive regulatory engagement, change and program management, as well as leadership and team development.Thrives on the challenge of bringing clarity, structure, and direction into complex, large-scale environments - both a strategic and operational leader who drives broad and deep execution across verticals to deliver integrated business, product, and platform solutions for foreign bank branch, securities company, and locally incorporated subsidiary entities.Highly involved and invested in diversity and inclusion - as Asia Pacific and Hong Kong Chair for LEAD, BAC’s largest Enterprise Women’s Network with 43,000+ members globally, and providing vision and leadership to an award-winning 24-member senior regional team (MD/Dir). Prior to this, grew the Hong Kong chapter exponentially by building much-needed awareness and conversation on the topic of gender diversity.
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Coo, Asia Pacific Enterprise Risk And Finance TechnologyBank Of America Jun 2016 - Jul 2023Hong Kong SarSpearhead financials, risk and controls, and business management team supporting Risk & Finance Technology unit (Finance, Risk, Corporate Treasury, Human Resources, Compliance, Market Finance, and Records Management) across 9 verticals in 12 countries spanning 550+ applications.Established global accountability / delivery model and regional governance framework; lead 600+ risk and controls deliveries annually including regulatory exams & assessments, divisional reviews, and audits -… Show more Spearhead financials, risk and controls, and business management team supporting Risk & Finance Technology unit (Finance, Risk, Corporate Treasury, Human Resources, Compliance, Market Finance, and Records Management) across 9 verticals in 12 countries spanning 550+ applications.Established global accountability / delivery model and regional governance framework; lead 600+ risk and controls deliveries annually including regulatory exams & assessments, divisional reviews, and audits - with satisfactory ratings / no findings.Oversee financials management of multi-million dollar regional initiatives portfolio including financial planning, forecasting, monthly variance management, and vendor invoices. Instituted best practices in process controls, operational excellence and vendor management, business reporting, hiring, and talent planning. Show less -
Program & Business Manager (Vp), Enterprise CioBank Of America Apr 2012 - May 2016Hong Kong SarChange governance best practices | Regulatory risk management | Strategic planning & operating frameworkWore dual hats - Program Management for Enterprise Risk Technology, and Business Management for Enterprise CIO (ECIO; Finance, Risk, Corporate Treasury, Compliance, and HR Technology).Spearheaded Global Wholesale Credit Transformation for APAC aimed at simplifying credit risk management processes and modernising tech platforms.Took on additional portfolio driving key… Show more Change governance best practices | Regulatory risk management | Strategic planning & operating frameworkWore dual hats - Program Management for Enterprise Risk Technology, and Business Management for Enterprise CIO (ECIO; Finance, Risk, Corporate Treasury, Compliance, and HR Technology).Spearheaded Global Wholesale Credit Transformation for APAC aimed at simplifying credit risk management processes and modernising tech platforms.Took on additional portfolio driving key risk initiatives for 3,500-member Asia Pacific Global Technology & Operations (GT&O) unit resulting in reduced execution risk and regulatory non-compliance risk; adoption of change management best practices; and multi-million dollar cost saves. Show less -
Program Manager (Vp), Global Markets Operations & Middle OfficeBank Of America Mar 2007 - Apr 2012Hong Kong SarPost-Merger Integration | Strategic Expansions | Multimillion-dollar Revenue OpportunitiesProvided end-to-end change leadership, risk and controls oversight, and Business, Legal, and Client Day 1 enablement after Bank of America-Merrill Lynch merger in 2008; successfully established cohesive, best-in-class controls and support operating model/infrastructure.Led large cross-functional program governance and execution teams in:- Complex post-merger integrations and migrations… Show more Post-Merger Integration | Strategic Expansions | Multimillion-dollar Revenue OpportunitiesProvided end-to-end change leadership, risk and controls oversight, and Business, Legal, and Client Day 1 enablement after Bank of America-Merrill Lynch merger in 2008; successfully established cohesive, best-in-class controls and support operating model/infrastructure.Led large cross-functional program governance and execution teams in:- Complex post-merger integrations and migrations for full lifecycle enablement of credit derivatives, interest rate derivatives, and exotic interest rate derivatives, from sales and trading to settlements.- Large-scale branch builds and legal entity consolidation / expansion programs in Korea, Thailand, Australia, China, and Malaysia.- Enabled front-to-back preparedness across legal and regulatory compliance, licensing and approvals, capital adequacy, client onboarding, technology, middle/back office, outsourcing, premises restack, and business continuity. Show less -
Analyst, Global Markets Operations & Middle OfficeBank Of America Jun 2005 - Mar 2007India & UsMigrated new platform for interest rates derivatives to 5 Asia Pacific branches and led regional KPI / CPT (Cost per Trade) initiatives. Managed daily P&L production and reporting for FX, Securities, and Money Markets products and interest rates derivatives (Mumbai middle office).
Sonali Kumar Education Details
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Economics -
Commerce
Frequently Asked Questions about Sonali Kumar
What is Sonali Kumar's role at the current company?
Sonali Kumar's current role is COO | Global Banking & Markets | Strategic Growth, Transformation & Change | Risk & Controls | Regulatory Compliance | Regulatory Reform | OpEx | D&I.
What schools did Sonali Kumar attend?
Sonali Kumar attended Faculty Of Management Studies - University Of Delhi, Lady Shri Ram College For Women, Delhi Public School - R. K. Puram.
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Sonali kumar
Solution Architect. Technical Lead @ Wipro | Aws, Devops, Azure , Cloud , Solution Architect , Azure Cost Optimization , Pre-SalesPune1gmail.com -
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