Vinayak Lele

Sustainability Controlling (ESG) (Jan ’22 – Till date):

• Analysis of upcoming regulations (Eg: CSRD, SEC etc.), requirement translation and interpretation, gap analysis to existing reporting, facilitating data sourcing and systems implementation.
• Validation of quantitative disclosures reported in annual sustainability report to ensure compliance with regulatory requirements.
• Maintaining an inventory of all ESG metrics and ensuring the metric are appropriately reflected in the central repository.
• Reviewing and challenging the metric documentation to ensure it is complete and fit-for-purpose. Owning the ‘Metric Design Document’ template.
• Designing and implementing internal policies around Sustainability Reporting topics like re-baselining, restatements, governance on change in methodology etc.
• Validating draft disclosures including quantitative data and performing reasonableness checks on the associated qualitative information.
• Reviewing and opining on reporting revisions, ensuring appropriate treatment in line with the internal guidelines and external requirements.
• Ensuring a robust governance on the production of Sustainability related data, risk assessment and facilitating designing of controls on the calculation and reporting.
• Defining a metric reporting risk assessment methodology and assessing metrics accordingly, using an inherent risk-based approach.
• Collaborating with stakeholders across the bank to drive and implement the control and governance standards set by the management.
• Designing E2E process flows and controls documentation.
• Internal due diligence of Sustainability Related publications like CDP, Green Bond, SAF and facilitating review & governance on the disclosures.
• Performing peer analysis, participating in Industry forums to discuss relevant upcoming challenges and adopting best practices for the bank.
• Managing the external audit assurance relationship on Sustainability Disclosures including planning the pre-assurance procedures, audit scoping and timelines, cost and scope of work etc.
• Managing report attestation and sign off process for year-end reporting.

Basel Management and Reporting (Sep ’19 – Jan ’22):

• Production of daily, weekly, monthly and quarterly capital adequacy numbers (Risk Weighted Assets, Large Exposure Reporting and Leverage calculations for multiple regulators).
• Liaising with Front office, risk function, Quant analytics to ensure regulatory numbers are accurately reporting for the reporting period.
• Ensuring SOX compliance including SOX scoping at beginning of the year, thresholds substantiation, reviewing control effectiveness, design effectiveness assessment, performing design effectiveness testing and designing operational effectiveness test scripts.
• Regulatory Report control compliance, including control linkage, DPH establishment, SLA governance, scheduling DPH sign-off calendars, review and sign off of the DPHs.

Ledger Control and Analytical review (Aug ’14 – Sep ’19):

• Performing pre-close analytics of P&L, Balance sheet and off-balance accounts.
• USGAAP ledger close and publishing entity level dashboard to various stakeholders.
• Performing local GAAP (IFRS) monthly adjustments and ensuring IFRS ledger closure.
• Preparing management review packs, including audit committee pack and analytical review dashboards for the stakeholders.
• Driving the preparation of year-end standalone financial statements and board briefing memorandum for the entity (IFRS). Interacting with auditors and ensuring timely redressal of audit queries.

Financial reporting for IFC:

• Monthly closing activities which include reconciling control accounts, variance analysis for income statement. Preparing and posting consolidation journals for subsidiaries.
• Preparing quarterly and annual financial statements.
• Preparing Notes to accounts including disclosures and the corresponding support.
• Providing extensive inputs for the memo to the Audit committee and Management’s Discussion and Analysis of the financial statements and preparing monthly management Flash report.

Carry/ Fund Accounting:

• Preparing quarterly investor reports and year end book closure and preparing Statutory accounts, consolidation of financial statements including Balance sheet, Income statement, Cash Flow and Schedule Notes to accounts, for complex PE interim investment vehicles (ELPs and SLPs).
• Preparing tax allocation statements for investment partners, base document for filing tax returns of investment executives.
• Interacting with Investment executives, Tax consultants, Lawyers to ensure correct deal structure is reflected in accounting systems.