Michalda Balthasar

 Manages all the Finance activities for Wholesale Banking business of the Bank by setting up/driving the performance, planning & budgeting and financial reporting & controls related to Wholesale Banking business in Emirates Islamic.

 Assists Finance in business performance, financial accounting & reporting and in investor relationship activities pertaining to Wholesale Banking & Treasury Business.

 Ensures operations, control and maintenance of the accounting & financial reporting systems and processes at Wholesale Banking and is responsible for the preparation and accuracy of its financial reports and comprehensive analyses of business performance

 Conduct analyses to understand business drivers, drive insights, and identify opportunities to improve results.

 Prepare for regular business reviews with senior managementby providing timely, accurate information on business performance and profitability& RAROC.

 Drive disciplined expense management.

 Assist business in formulating & driving strategies and projects.

 Research and resolve data issues and answer finance related queries from Business Heads & other stakeholders.

 Implement proper financial controls, reconciliations and develop accounting plans

 Manages the treasury middle office activities

Handling a Team of 10 members supporting Emirates NBD - Group Business Finance Reporting supporting - Retail Banking, Wealth Management, Wholesale Banking, Treasury Business, ITO Finance & Tanfeeth Business Finance reporting.
 Management Information / Data Analysis - Developed financial models for Wholesale Banking, using excel skills. Proficient in handling large amounts of raw data, extracting and manipulating relevant information for senior management decision making
 Specialist in Preparing Management pack, Product packs, Segment packs, RM Performance reports (WB / PB), Branch Performance reports, IFRS pack, Forecasting & Budgeting activities for various Business Finance (RB, WM, WB, Treasury, ITO & Tanfeeth Finance).
 Have worked on projects for improving efficiency by fixing legacy issues and remove non-value added process thereby improving the quality of MI reports / pack and reduced cost.
 Have been instrumental in automating reports from Corporate Data Mart (CDM) and Transaction processing systems through Qlikview
 Had contributed positively to Tanfeeth Migration Program as an SME for Business Finance reporting for RBWM & WB and Controls for Treasury & WB (12 roles from ENBD Group Finance).
 Had trained 12 new resources to settle in their current role and solved all the initial teething issue during the migration in 2014.
 Addressed various reporting issues for Branch Performance reports & PB RM Performance reports which are manual intensive processes. Streamlined the process for accuracy, improvements in control and delivery times.
 Rectified many legacy issues / errors in the MI process and have re-structured with proper control checks. Successfully implemented Controls framework for all RB, WM & WB MI process, which includes Branch Performance reports, RM Performance reports, Finance Digest, Segment packs & Dealer commission reports.
 Worked towards data enrichment for WB CDM database, which enabled smooth automation for 'WB RM level 4' reports in Qlikview.
 Worked along with ‘Tanfeeth MIS team’ as an SME to automate WB RM Performance Reports, Branch Performance Reports in Qlikview and revamped PB RM Performance from the legacy black box system to a more transparent process in MI Reporting.
 With this automation the legacy black box system in RBWM has now come to extinct. This initiatives resulted in significant benefits including: Saved manual efforts for creating 97 RB Branch reports and 85 WB RM Performance reports, increased efficiency by eliminating error-prone manual intervention, improved process TAT and reduced 1 FTE cost.
 Developed new methodology for “Daily Deposit” process, which eliminated the team’s dependency on the ‘Black box concept’.
 Had worked towards elimination of dependency on ‘Daily Sales report’ by performing a detailed analysis & understood the cascading impact on our reporting process.
 Had worked on the logic change & in designing the new templates for deriving ‘New Business’, 'WM Deposit pack', 'WM RM Performance - NNM new logic' & 'WB Daily Pnl pack'.
 Had taken additional effort to resolve open Treasury control issues on timely and accurate manner, which was well appreciated by the Stakeholders. Worked toward streamlining few Treasury MO related process which was evolving in nature along with stakeholder signoff for SOP.
 Have attended leadership training such as
o 'Leading from the front'
o 'Certified People Manager' program from Harvard University (Topped the batch)
o 'Front Row Leadership workshop'
o 'Lean Workshop'
o 'Women in Leadership'
o 'Basel III'
o 'Sharpen the Rudiments'
 Have been awarded as ‘Staff of the Quarter’ with 4 month of joining ENBD Group Finance and ‘GEMS Sapphire award’ for 2015

Sep 2006 to till date
Manager - SA Wholesale Banking Business Finance, FSSC
Standard Chartered - Scope International Private Limited (wholly owned subsidiary of Standard Chartered Bank)

Sep 2006 - Jan 2014 Manager - SA Wholesale Banking - FSSC, Standard Chartered - Scope International Private Limited - (wholly owned subsidiary of Standard Chartered Bank)

Handling a Team of 12 members supporting South Asia Wholesale Banking Business Finance Reporting. Have exposure in 6 countries Banking sector - India, Bangladesh, Malaysia, Singapore, Indonesia & Thailand.


➢ Business Analysis - Core experience of analysing business processes, gathering requirements, assess feasibility, drive change and recommend new approaches / strategies (eg: PAS Decommission, ACBS implementation - for SCB India)

➢ Process Improvement - Experience of improving efficiency, bringing consistency and automating processes within data. Identifying risk and solving solutions. Have pioneered 1 FTE reduction in India WB Business finance by reducing non-value added process.

➢ Management Information / Data Analysis - Developed financial models for Wholesale Banking, using excel skills. Proficient in handling large amounts of raw data, extracting and manipulating relevant information for senior management decision making

➢ Month End Reporting - Proven experience in month end reporting, reconciling GL accounts, Pnl preparation and Pack preparation like PCS pack, FRA pack, IFRS pack (Global market related) & Regulatory reports for external regulators for India.

➢ Knowledge in Regulatory requirements relating to Banking sector in India - SLR Computation, Potential Future Exposure, Country Exposure Return, Benchmarking, Statutory Valuation of Securities held and other RBI reporting requirements

➢ Trained in IFRS and knowledge in preparation of Financial statements and disclosure schedules as per IFRS requirements specialized in Banking Sector - Investments & CAD pack using data from Transaction processing systems like Murex, OPICS, FEDS.

➢ Specialist in preparation of Management pack for Wholesale banking sector - by product & by customer segments using PSF / Pipe Essbase & WB Cube (eg: Product MI, Segment MI, Performance pack, Business Review pack, etc)

➢ Knowledge in computation of FX & FI Bond Revaluation for calculation of Mark-to-Market on daily basis by using Reuters / Bloomberg for Market Data.

➢ Preparation of Forecast & Budget pack in accordance with Group policy and variance analysis on an ongoing basis.

➢ Project participation supported by FSSC consisting of research, proposal writing and presentations (MRR project, Project Rainbow, PAS decommission, various FT projects)

Areas of expertise include:
- Management Information / Data Analysis
- Financial Planning and Analysis
- Business process review, designing, re-engineering and automation
- Financial Accounting / statement preparation as per IFRS
- Regulatory Reporting
- Budgeting / Forecasting
- Month End Reporting
- Project participation

Handling a Team of 12 members supporting South Asia Wholesale Banking Business Finance Reporting. Have exposure in 6 countries Banking sector - India, Bangladesh, Malaysia, Singapore, Indonesia & Thailand.

Key accomplishments include:

- Business Analysis - Core experience of analysing business processes, gathering requirements, assess feasibility, drive change and recommend new approaches / strategies (eg: PAS Decommission, ACBS implementation - for SCB India)

- Process Improvement - Experience of improving efficiency, bringing consistency and automating processes within data. Identifying risk and solving solutions. Have pioneered 1 FTE reduction in India WB Business finance by reducing non-value added process.

- Management Information / Data Analysis - Developed financial models for Wholesale Banking, using excel skills. Proficient in handling large amounts of raw data, extracting and manipulating relevant information for senior management decision making

- Month End Reporting - Proven experience in month end reporting, reconciling GL accounts, Pnl preparation and Pack preparation like PCS pack, FRA pack, IFRS pack (Global market related) & Regulatory reports for external regulators for India.

- Knowledge in Regulatory requirements relating to Banking sector in India - SLR Computation, Potential Future Exposure, Country Exposure Return, Benchmarking, Statutory Valuation of Securities held and other RBI reporting requirements

- Trained in IFRS and knowledge in preparation of Financial statements and disclosure schedules as per IFRS requirements specialized in Banking Sector - Investments & CAD pack using data from Transaction processing systems like Murex, OPICS, FEDS.

- Specialist in preparation of Management pack for Wholesale banking sector - by product & by customer segments using PSF / Pipe Essbase & WB Cube (eg: Product MI, Segment MI, Performance pack, Business Review pack, etc).

- Knowledge in computation of FX & FI Bond Revaluation for calculation of Mark-to-Market on daily basis by using Reuters / Bloomberg for Market Data.

- Preparation of Forecast & Budget pack in accordance with Group policy and variance analysis on an ongoing basis.

- Project participation supported by FSSC consisting of research, proposal writing and presentations (MRR project, Project Rainbow, PAS decommission, various FT projects)

Jun 2005 to Jul 2006 Senior Process Associate - General Accounting Accenture Services Private Limited

Jun 2005 - Jul 2006 Senior Process Associate, Accenture Finance Solution - Accenture
Services Private Limited
Performed the role of a "Business Accountant" for a Business Unit


➢ Preparation of Hyperion reports. Gained knowledge in SAP application like Pronto, Hyperion and Hyperion Financial Management.
➢ Journal preparation pertaining to GL close, Payroll journals, Accrual journals, Bank reconciliation, Pnl & Balance Sheet reconciliations, on monthly basis.
➢ Off Shore transition for Sales order processing and cross trained the same to the Billing Department.
➢ Ensured that 100% cross training was carried for the all the process which has been transitioned and involved in stabilizing all the process across the Business unit.
➢ Recipient of 3 awards during my tenure in Accenture.
Numero Uno Award - Individual Best Performance Award
Alliance Award - National Award for Best Team Performance
High Performance BPO Award - Global Award for Best Performance (Highest Award in Accenture)

Performed the role of a “Business Accountant” for a Business Unit

Key accomplishments include:

- Preparation of Hyperion reports. Gained knowledge in SAP application like Pronto, Hyperion and Hyperion Financial Management.
- Journal preparation pertaining to GL close, Payroll journals, Accrual journals, Bank reconciliation, Pnl & Balance Sheet reconciliations, on monthly basis.
- Off Shore transition for Sales order processing and cross trained the same to the Billing Department.
- Ensured that 100% cross training was carried for the all the process which has been transitioned and involved in stabilizing all the process across the Business unit.
- Recipient of 3 awards during my tenure in Accenture.
Numero Uno Award - Individual Best Performance Award
Alliance Award - National Award for Best Team Performance
High Performance BPO Award - Global Award for Best Performance (Highest Award in Accenture)

Dec 2004 to Apr 2005 Executive - Tax & Accounts, Aithent Technologies - A CMM Level 5 Company


Detailed Professional Experience:

Dec 2004 - Apr 2005 Executive-Tax and Accounts, Aithent Technologies
A CMM Level 5 Company (routed through FlexiOne Workforce Solutions
Private Limited)

➢ Processing and verification of Tax returns of US individuals, Partnership firms, C Corps, S Corps, Trusts, etc.
➢ Knowledge in US Taxation and proficiency in Tax softwares, viz, ProFx, Lacerte, Ultra Tax and Pro series.

Undergone 3 years Articleship Training under M/s M. Kandasami & Co, Chartered Accountants, Chennai.

➢ Statutory Audits of various Non Profit Sector organizations, Schools & Colleges, Private sector companies.
➢ Tax Audits of Partnership firms and Proprietary concern.
➢ Internal audits of private sector companies.
➢ Income tax works of Individuals, firms.
➢ Compilation and finalization of books of accounts.
➢ Taken Workshops and seminar on Taxation matters.


➢ Participated and underwent training at many state levels Training camp conducted by Don Bosco Scout Group (Affiliated to Bharat Scouts & Guides, Tamil Nadu)
➢ Participated and won First Grade in the 7th All India Scout / Guide Camp (National Boscoree) held in Sulcorna, Goa.
➢ Participated in various cultural programs at school and college.
➢ Knowledge in Sign language

Personal Qualities:
➢ Perfectionist and highly responsive
➢ Dedicated and Hardworking
➢ Adaptable and willing to learn
➢ Excellent Team managing skills
➢ Patient and Proactive

- Processing and verification of Tax returns of US individuals, Partnership firms, C Corps, S Corps, Trusts, etc.
- Knowledge in US Taxation and proficiency in Tax softwares, viz, ProFx, Lacerte, Ultra Tax and Pro series.