Arindam Banerjee
Verified Expert in Finance
Management Consulting Expert
Mumbai, India
Toptal member since September 13, 2022
Arindam is a seasoned business transformation and regulatory change consultant with 14+ years of experience in big four accounting. He worked with many global institutions, including HSBC, Citi, J.P.Morgan, Credit Suisse, and Bernstein, to set up new businesses and product lines, design and roll out data analytics, digital transformation, and risk and finance automation programs. Arindam assisted 50+ institutions in transitioning to IFRS 9 and the Basel III and IV capital adequacy standards.
Career Highlights
Certification Highlights
Case Studies
Regulatory Data Management and Central Reporting Unit Set Up
Risk-based Product Pricing with ALM and FTP System Implementation
Expertise
- Asset Liability Management (ALM)
- Basel III
- Business Transformation
- Change Management
- Financial Risk Management
- ICAAP
- IFRS 9
- System Implementation
Work Experience
Managing Director
Acies Consulting
- Worked closely with product, consulting, and global sales teams to drive client value and deliver business growth. Played an active role in designing architecture and functionalities for ALM, FTP, operational risk, and budgeting systems.
- Led the roll-out of IFRS 9 and 16 for one of the largest telecom groups in the world, across 30+ company entities in 12 countries. Implemented all aspects of the transition, including accounting framework, models required, and disclosures.
- Reduced regulatory reporting errors by 73% for one of the largest banks in India. Led the regulatory data management program to create source-to-target data lineage and data quality rule-book to develop 250+ regulatory reports across 40+ departments.
- Implemented proprietary asset liability management and IFRS systems for 15+ financial institutions across ASEAN, India, and the Middle East, consistently delivering on-time regulatory reporting and period-end account closures.
- Designed the FTP, cost allocation, and product pricing framework for multiple leading financial institutions, using market-linked pricing aligned to the funding strategy and driving the creation of asset pools within the organization.
Director
Deloitte
- Managed an annual revenue pipeline of $2+ million as part of the firm's financial advisory services to provide business and digital transformation regulatory change, risk management, and IFRS services to global financial institutions and corporates.
- Worked with a leading US-based brokerage house to establish India operations. Supported securing required licenses from regulators, set up systems and networks, and defined governance charters, policies, and key results areas (KRA).
- Managed the rollout of the BCBS 239 compliance program on risk data management for the largest bank in the UK across five APAC countries. Worked with CXOs and leadership team for timely project delivery within a budget of $15 million.
- Conceptualized and established an in-house training academy for a leading UK bank's risk and finance function to migrate 500+ roles to India, including course coverage design, training units, and online and classroom training.
- Defined the business strategy, financial plans, and customer acquisition strategy for a leading bank's custody and professional clearing business (PCM) to achieve annual revenues of $10 million in three years.
- Redesigned a leading financial institution's internal audit function and methodologies and implemented an automated, continuous control monitoring (CCM) system resulting in a 60% reduction in FTEs and annual cost savings of $2+ million.
Senior Consultant
EY
- Led a portfolio of risk management, financial accounting, and treasury services for financial institutions and corporate clients, with end-to-end responsibility to create and deliver a book of business over $750 thousand annually.
- Conducted industry-wide assessment of Indian banks as part of a study presented to the Ministry of Finance to evaluate the impact of Basel III and additional capital requirements across the private sector and public sector banking groups in India.
- Led engagements for over ten institutions' design and roll-out of Basel III, including model development and validation framework, governance and KRA set up, defining automation requirements, system selection, and testing to confirm full execution.
- Guided treasury selection and project management of multi-year system implementations for over five financial institutions, covering multiple asset classes, including fixed income, FX, bullion, derivatives, and middle and back-office requirements.
- Managed projects to review and enhance the fund transfer pricing, profitability, and capital management framework for multiple financial institutions to promote capital efficiency and link incentives to risk-adjusted profitability.
Consultant
Protiviti
- Led project work-streams for engagements with financial institutions and corporates in the ERM, Basel III, ICAAP, financial modeling, policies, and procedures space.
- Worked with over five leading banks in the Middle East, including the largest bank in UAE, to develop ICAAP methodologies, stress testing, P2R capital models, governance and reporting frameworks, and final ICAAP document for submission to regulators.
- Developed policies and procedures for over ten functions of a leading investment house, covering critical treasury functions, risk management, finance, customer onboarding, AML, compliance, and more.
Certifications
Financial Risk Manager (FRM)
Global Association of Risk Professionals
Skills
Finance
Financial Modeling, Risk Models, Liquidity Coverage Ratio (LCR), Internal Audits, Market Research, Financial Planning & Analysis (FP&A), Forecasting, Revenue & Expense Projections, Cash Flow, Credit Risk, Accounting, Wealth Management, CFO, Valuation, Derivative Pricing, Profitability Analysis, Capital Structure Optimization, Interest Rate Risk, Pricing
Output Software
Microsoft Excel, Microsoft PowerPoint, Microsoft Word
Industry Expertise
Financial Services, Hospitality, Real Estate, Insurance
Data & Analysis Software
SQL
Other
Financial Risk Management, Operational Risk, Risk Systems, ICAAP, Consulting, IFRS 9, Transfer Pricing, Liquidity Risk, Asset Liability Management (ALM), Balance Sheet Optimization, SOP Development, Business Process Optimization, Regulatory Compliance, Data Transformation, Change Management, Risk Management, System Implementation, Risk Modeling, Credit Policy, Policies & Procedures Compliance, Enterprise Risk Management (ERM), Finance, Financial Training, Regulatory Reporting, Operating Models, Governance, Digital Transformation, Business Strategy, Workshop Facilitation, Workshops, Organizational Transformation, Business Cases, Business Models, Growth Strategy, Market Research & Analysis, Process Mapping, Business Analysis, Process Design, Use Case Analysis, Workflow Diagrams, Process Improvement, Process Control, Process Automation, Surveys, Operational Efficiency Improvement, Process Flows, Go-to-market Plans, Go-to-market Strategy, Cash Flow Analysis, Financial Analysis, Sales Strategy, Sales Growth, IT Services, IT Consulting, Microsoft Power BI, Microsoft Visio, Market Risk, Model Validation, Basel III, Capital Allocation, Strategy, Software Design, Compliance, IFRS 16, Software Sales, Business Development, Cost Allocation, Data Analytics, Treasury Management, Business Transformation, Treasury, Operations, Project Management, Data Management, BCBS 239, Marketplaces, Sales Operations, Fintech, Fintech Consultant, Design Requirements, Use Case Diagram, Legal, Microsoft Power Apps, Microsoft Azure, Microsoft Teams, Group Reporting IFRS, System Design, Supply Chain, Data Lineage, Data Architecture
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