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Rohit Thapar, Cost Insights Vice President

Rohit Thapar

Cost Insights Vice President·Barclays

United Kingdom

Master's degree, Accountancy

Work experience

Total years of experience: 11 years, 5 months

Cost Insights Vice President

January 2022 - Present

Barclays

Manchester, United Kingdom

January 2022 - Present

As a cost insights lead, I spearhead the banks Technology
transformation and simplification initiatives within Finance
(Billing & Allocations). I lead multiple sprints to manage
change, streamline processes and enhance efficiency. I am
responsible for overseeing the budgeting and forecasting
process, ensuring alignment with organisational goals, and
implementing cost control measures to optimise resource
allocation. I work closely with cross-functional teams,
collaborating with stakeholders from technology and business management teams to ensure alignment and drive impactful cost-saving measures. Additionally, my role involves conducting complex analysis to extract actionable insights and modelling multiple scenarios identifying risks and opportunities.

- Successfully led multiple sprints, resulting in a 20%
reduction in process inefficiencies.
- Developed machine learning models that improved cost
forecasting accuracy by 15%.
- Managed and optimised a technology cost base of £4.5
billion, achieving a 10% cost reduction.
- Facilitated cross-functional collaboration, enhancing
stakeholder engagement and project alignment.
- Leveraged complex analysis tools to identify cost-saving
opportunities, contributing to significant budget
savings.
- Streamlined reporting processes, reducing time spent
on data analysis by 30%.

Company industry:
Financial Services

Vice President

January 2022 - Present

Barclays

Manchester, United Kingdom

January 2022 - Present

As a cost insights lead, I spearhead the banks Technology
transformation and simplification initiatives within Finance
(Billing & Allocations). I lead multiple sprints to manage
change, streamline processes and enhance efficiency. I work
closely with cross-functional teams, collaborating with
stakeholders from technology and business management
teams to ensure alignment and drive impactful cost-saving
measures. Additionally, my role involves conducting complex
analysis to extract actionable insights and modelling multiple
scenarios identifying risks and opportunities.
Manage and optimise the technology cost base in
excess of £3 billion.
Partnering with Transaction Cycle FBP/FDs helping them
better understand their consumed cost drivers.
Lead STP/MTP and quarterly OL forecasts for all run
the-bank, infrastructure, collaboration and PCD
amortisation costs.
Provide commentaries and explains against
plan/forecast clearly highlighting key risks and
opportunities.
Finance SME lead co-ordinating with build-the-bank
teams on Apptio configuration changes.
Lead regression testing and analysis in DEV/UAT with
key focus on surfacing economic impact on CIOs and
consuming segments.
Successfully lead multiple sprints resulting in
simplification and significant reduction in process
inefficiencies.
Facilitating cross-functional collaboration, enhancing
stakeholder engagement and project alignment.
Provide leadership and guidance to TBMOps team
towards the resolution of production issues.
Streamlined reporting processes, reducing time spent
on data analysis by 30%-40%.

Company industry:
Banking

Regulatory Reporting Systems Developer Vice President

August 2015 - December 2021

Bank of New York Mellon

Manchester, United Kingdom

August 2015 - December 2021

As a systems lead in Regulatory Change team, I was
responsible for overseeing the development and
implementation of regulatory reporting systems for the bank.
My role involved collaborating with cross-functional teams to
design, build, and maintain robust systems that ensured
compliance with regulatory requirements. I led various
initiatives providing technical guidance and mentorship to
ensure the delivery of high-quality solutions. I worked closely
with stakeholders to understand their needs and translate
them into technical specifications, ensuring our systems met
both current and future regulatory demands. Additionally, I
was responsible for staying abreast of industry trends and
regulatory changes to proactively adapt our systems and
processes, ensuring our institution remained compliant and
competitive.

- Successfully led the development and deployment of a
new regulatory reporting platform, improving reporting
accuracy by 30%.
- Streamlined reporting processes, reducing the time to
generate reports by 40%.
- Enhanced data quality measures, achieving full
compliance with new regulatory standards.
- Mentored and developed a high-performing team
fostering a culture of innovation and continuous
improvement.
- Collaborated with stakeholders to prioritise and deliver
system enhancements, increasing user satisfaction

Company industry:
Investment, Securities & Funds

Regulatory Reporting Systems Developer | Senior Vice President

January 2015 - December 2021

Bank of New York Mellon

Manchester, United Kingdom

January 2015 - December 2021

As a systems lead in Regulatory Change team, I was
responsible for overseeing the development and
implementation of regulatory reporting systems for the bank.
My role involved collaborating with cross-functional teams to
design, build, and maintain robust systems that ensured
compliance with regulatory requirements. I led various
initiatives providing technical guidance and mentorship to
ensure the delivery of high-quality solutions. I worked closely
with stakeholders to understand their needs and translate
them into technical specifications, ensuring our systems met
both current and future regulatory demands. Additionally, I
was responsible for staying abreast of industry trends and
regulatory changes to proactively adapt our systems and
processes, ensuring our institution remained compliant and
competitive.
Successfully led the development and deployment of a
new regulatory reporting platform, improving reporting
accuracy by 30%.
Streamlined reporting processes, reducing the time to
generate reports by 40%.
Enhanced data quality measures, achieving full
compliance with new regulatory standards.
Mentored and developed a high-performing team
fostering a culture of innovation and continuous
improvement.
Collaborated with stakeholders to prioritise and deliver
system enhancements, increasing user satisfaction by
20%.

Company industry:
Banking

Education

Chartered institute of Management Accountants CIMA

January 2010

January 2010

Master's degree, Accountancy

United Kingdom

Kaplan

January 2010

January 2010

High school or equivalent, CIMA Chartered Institute of Management Accountants

United Kingdom

The University Of Manchester

August 2001

August 2001

Bachelor's degree, Mathematics

United Kingdom

The University Of Manchester

July 2001

July 2001

Bachelor's degree, Mathematics

United Kingdom

Wilmslow High

August 1998

August 1998

High school or equivalent, Mathematics, Further Maths, Physics and Business Studies

United Kingdom

Skills

Accounting
Expert
Accounting
Expert
Machine Learning
Expert
Machine Learning
Expert
Python
Expert
Python
Expert
Price Modeling
Expert
Price Modeling
Expert
Revenue Forecasting
Expert
Revenue Forecasting
Expert
Excel VBA
Expert
Excel VBA
Expert
MS SQL
Intermediate
MS SQL
Intermediate
Pandas
Expert
Pandas
Expert
Sklearn
Intermediate
Sklearn
Intermediate
Data Analysis
Expert
Data Analysis
Expert
COST CONTROL
Intermediate
COST CONTROL
Intermediate
LEADERSHIP
Intermediate
LEADERSHIP
Intermediate
STRATEGIC THINKING
Intermediate
STRATEGIC THINKING
Intermediate
COST REDUCTION
Intermediate
COST REDUCTION
Intermediate
FINANCIAL EFFICIENCY
Intermediate
FINANCIAL EFFICIENCY
Intermediate
FINANCIAL ANALYSIS
Intermediate
FINANCIAL ANALYSIS
Intermediate
BUDGET MANAGEMENT
Intermediate
BUDGET MANAGEMENT
Intermediate
DECISION MAKING
Intermediate
DECISION MAKING
Intermediate
FINANCE
Intermediate
FINANCE
Intermediate
BUSINESS PERFORMANCE MANAGEMENT
Intermediate
BUSINESS PERFORMANCE MANAGEMENT
Intermediate
Numpy
Beginner
Numpy
Beginner
PowerPoint
Intermediate
PowerPoint
Intermediate
MS Excel
Expert
MS Excel
Expert
Liquidity Reporting
Intermediate
Liquidity Reporting
Intermediate
Jira
Intermediate
Jira
Intermediate

Languages

English
Native Speaker
Hindi
Native Speaker
Punjabi
Beginner