Sumeet Teckchandani, Assistant Vice President | Treasury, Product Control

Sumeet Teckchandani

Assistant Vice President | Treasury, Product Control

Bank Of America

Location
India - Gurgaon
Education
Master's degree, Masters of Business Management [Finance & Accounts]
Experience
13 years, 6 Months

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Work Experience

Total years of experience :13 years, 6 Months

Assistant Vice President | Treasury, Product Control at Bank Of America
  • India - Gurgaon
  • My current job since October 2021

• Heading the AMRS Treasury Product Control team, whereby ensuring accurate reporting of Daily and Monthly P&L and Risk to Front Office, Market Risk & Other stakeholders.
• Providing commentary and validation of P&L at attribution level and ensuring that the huge movement in risk, spreads are genuine which is supported by trading activity and market news.
• Ensuring numbers are aligned between P&L tools & general ledger.
• Liaising with Trading desk, Middle office and support teams to flag/understand the booking/system issues.
• Resolving External as well Internal Audit queries within stipulated time frame, so as to be Audit complaint.
• Managing team of 5 members, responsible for their career path, performance appraisal, work allocation, back up planning etc.
• Providing Business walkthrough sessions to new joiners of the team.
• Rewarded with Gold & Silver Awards for outstanding performance in Nov23 and Sep22 respectively.
• Supervised multiple projects successfully Risk engine migration, Centralize GRID - one stop shop, P&L transition, Tech issue enhancements, New Product onboarding, BCP Testing across countries, Process Governance review.

Senior Manager | FX, Product Control at Standard Chartered GBS
  • India - Bengaluru
  • December 2017 to October 2021

• Managing Daily and Monthly P&L reporting for FX Desk primarily looking after AMRS and MENA regions.
• Review of various Reconciliations to ensure all downstream reporting systems are aligned.
• Supervised Razor migration Project for UK and West Africa. (Trade migration from OPICs to Razor.)
• Organized Trade Booking & Risk Management systems (Murex and Razor) walkthrough sessions with World Bank along with Bangalore PC Head.
• Prepared DOI Standard Guidelines and assisted all teams with execution of same.
• Rewarded with GEM award for exceptional performance in Dec18 & Oct19.
• Joined as Manager and Promoted to Senior Manager in 1.5yrs (Jul19).

Exempt Non Officer (ENO) at Credit Suisse
  • India - Pune
  • May 2016 to December 2017

• Migrated Business Control role in pilot batch for Fixed Income P&L processes from Singapore in 2016.
• Review Line of Control teams work and finalizing trading P&L on T+1.
• Responsible for providing training, coaching and mentoring to Pune PC team on newly migrated Business Control role.

Process Specialist| Credit, Product Control at Cognizant Technology Solutions (UBS)
  • Singapore - Singapore
  • September 2011 to April 2016

• 2 years of Onshore experience with UBS Singapore and London Product Control Division.
• Fixed Income P&L processes transition from UBS, London in 2013.
• Ensuring all the month end activities (reserves, charges) are complete in the stipulated time and the variances are well investigated & commented.
• Rewarded with Opel award for outstanding performance in Sep12 and with Star award in Mar12 and Oct13.
• Joined as Process Executive and Promoted to Process Specialist in Jul14.

Associate Consultant | Data Research & Analysis at Capgemini India Pvt. Ltd.[SIX
  • India - Mumbai
  • June 2010 to March 2011

• Analyzing and collecting financial information from various sources like Euroclear, Bloomberg, Reuter, Thomson Research and Perfect Information.
• Updating securities information into the system for products Convertible Bonds, Notes, Asset Backed Securities, Mortgage Backed Securities.
• Publishing newly issued financial securities summary reports to Clients, to assist them with Investment decisions.

Education

Master's degree, Masters of Business Management [Finance & Accounts]
  • at Mumbai University
  • April 2012

Masters of Business Management [Finance & Accounts]

Bachelor's degree, Bachelor of Business Management Studies [Finance]
  • at Mumbai University
  • April 2010

Bachelor of Business Management Studies [Finance]

Specialties & Skills

Process Migration
Research
Accounts
Finance
Product Control
FIXED INCOME
PRODUCT CONTROL
MARKET RISK
NUMBERS (SPREADSHEET)
ONBOARDING
Financial Products & Valuation
Accounting
Financial Statement Analysis
Research and Analysis
Financial Reporting
Critical Thinking
Effective Communication
Leadership
Teamwork
Project Management
Work Transition

Social Profiles

Personal Website
Personal Website

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Languages

English
Expert
Hindi
Expert
Marathi
Beginner

Hobbies

  • Listening Music
  • Gardening
  • Travelling