Vaibhav Rao

• Capital Management: Identified and remediated a $1.3 billion understatement in RWA charges to the UBS group within three months, significantly strengthening the firm's capital position.
• Automation: Designed and delivered Alteryx workflows to replace manual reconciliations and data transformations and built Power BI dashboards for reporting transparency and senior management oversight. Partnered with IT and vendors to define functional requirements and support ControllerView/AxiomSL implementations.
• Systems Migration & Data Lineage: Built detailed data lineage documentation, ensuring traceability from source systems to regulatory outputs. Identified data quality issues and led remediation workstreams to ensure completeness, accuracy and auditability.
• FP&A and Balance Sheet Analytics: Produced and presented monthly P&L, capital and liquidity metrics, including quarterly forecasts, variance analysis and commentary for senior stakeholders. Evaluated and presented the capital and liquidity impacts of derivative migration on account of the UBS-Credit Suisse integration. Assessed financial impact of new products and regulatory changes. Led enhancements in reporting capability, automation and data quality
• Regulatory Liaison: SME on several regulatory and operational topics for UBS with the Swiss Regulator (FINMA), providing detailed business rationale on key regulatory topics. Pro-actively addressed the concerns raised by the Regulator and was key to reducing the capital multiplier applied on CVA RWA, saving 1.5bn annually in RWA terms which is US$ 6m in funding costs.
• Project Management & Implementation Roadmap: Operated within Agile (Scrum) teams, participated in sprint planning, and liaised with technology squads to deliver regulatory modules. Presented complex regulatory impacts to senior stakeholders and regulators.
• Control Uplift & Governance: Implemented new controls, documentation standards and escalation processes aligned with supervisory expectations. Partnered with internal audit and external regulators to close findings and embed sustainable solutions.
• Regulatory Reporting Transformation: Led multi year regulatory reporting change programmes for SA-CCR and FRTB CVA at UBS. Worked with IT, Data and Risk teams to source, validate and integrate new data attributes and defining functional requirements and ensuring alignment with regional regulatory expectations. New Target Operating Model design, agreement and implementation.

• Financial Control: Managed Fair Value Option accounting under IAS 39 for the Structured Derivatives business, ensuring robust internal controls. Oversaw month-end financial control and substantiation for the UBS London branch, including commentary and sign-off on accounts.
• Reporting & Compliance: Delivered multi-GAAP reporting requirements for Structured Derivative and Note Issuance Programmes across Equities and Fixed Income businesses. Produced and finalized key Special Purpose Vehicle (“SPV”) accounting disclosures, maintaining data integrity.

• Onshore Risk & P&L product controller for the Structured Notes business.

• Wind down of the ETD business at Lehman Brothers in collaboration with LCH and
EUREX.
• Worked with multiple teams across Lehman to finalise the clients cash in the UK.

• Conducted comprehensive audits of the Treasury division, focusing on fixed income and currency products, ensuring compliance with internal controls and regulatory standards.
• Identified and addressed key audit findings, improving the accuracy and reliability of financial reporting.
• Collaborated with senior management to develop and implement audit strategies, enhancing overall audit efficiency and effectiveness.