Binod Kumar Padhi
London,LBH
Summary
Accomplished Financial Controller with a proven track record at Bank of Baroda, enhancing financial operations and reporting systems. Expert in financial forecasting, regulatory compliance, and capital adequacy reporting, with a knack for developing automated solutions and leading teams. Demonstrates advanced Excel skills and exceptional analytical capabilities, driving strategic decision-making and efficiency improvements.
Overview
24
24
years of professional experience
1
1
Certification
Work History
Financial Controller
Bank of Baroda
London
02.2022 - Current
- Oversee all financial operations, enhance financial reporting systems, and ensure adherence to financial regulations and internal policies.
- Regulatory Reporting: Prepared and reviewed statutory and prudential regulatory returns, ensuring compliance with the Bank of England's framework (BT, ELS, CA, CC, CL, PL, BG returns).
- Cost Reporting: Led cost reporting for multiple legal entities, including monthly costs, accruals, and cost allocations (Support Function to Front Office, International allocations), with sign-off from the CFO.
- Automation and Efficiency: Developed automated reporting frameworks using Excel and SQL, streamlining regulatory and financial reporting processes.
- Governance and Controls: Maintained a robust control environment, actively managing and tracking regulatory costs, while ensuring adherence to the Oracle accounting framework.
- Capital Planning & Compliance: Assessed capital requirements aligned with Basel-III and PRA guidelines, improving the bank’s Capital Adequacy Ratio (CAR).
- Team Management: Supervised interns and finance professionals, guiding them through the preparation of monthly, quarterly, and annual reports.
- Audit Leadership: Spearheaded external audit processes, collaborating with auditors, and presenting insights for compliance with UK GAAP and IGAA P conversion for consolidation with the parent bank.
Financial Reporting Manager
Bank of Baroda
Mumbai
09.2017 - 02.2022
- Financial Statements: Produced and managed year-end statutory financial statements for a £150 billion balance sheet size, aligning with Indian Accounting Standards (Ind AS) and IGAAP for consolidation with the Reserve Bank of India (RBI).
- Regulatory Reporting: Oversaw regulatory submissions, ensuring adherence to SEBI and RBI guidelines, while preparing Analyst Meet presentations for board-level discussions.
- Performance Metrics: Collaborated with senior leadership to develop and monitor KPIs, and financial metrics, driving strategic decision-making at the organizational level.
- Cost and Revenue Oversight: Evaluated financial entries, including assets, liabilities, and capital accounts, to ensure accuracy in cost and revenue reporting.
- Process Improvement: Streamlined financial reporting workflows by implementing automation solutions, enhancing accuracy and efficiency.
- Stakeholder Engagement: Represented the organization in interactions with regulatory bodies, stakeholders, and auditors, ensuring alignment with compliance and legal requirements.
- Profit & Loss Management: Prepared profit and loss statements and forecasts, enabling effective risk-reward assessments, and meeting financial targets.
Corporate Loan Credit Analyst
Axis Bank
Mumbai
10.2016 - 09.2017
- Responsible for handling Credit appraisal, Risk analysis and Balance sheet analysis of corporate borrowers and recommendation of credit proposal for sanction (loan amounts range of Rs.50-1000 crores)
- Successfully handled borrowers of fertilizer, Chemicals, Power, Gems & Jewelry industry
- Negotiated terms and conditions of loan decisions with clients to guarantee profitability for lenders
- Presented key information to upper management and the executive team for loan recommendations
Capital Planning Analyst
State Bank of India
Mumbai
12.2014 - 10.2016
- Consolidation and analysis of Credit Risk Weight Assets (CRWAs), Market Risk Weighted Assets (MRWA), Operational Risk Weighted Assets
- Computation of Tier Capital, Tier-II Capital and total Capital Fund of the Bank in accordance with Basel-II & Basel-III rule prescribed by RBI
- Preparation of Capital Adequacy Return (CAR) compiling the Basel-II & Basel-III guidelines prescribed by RBI
- Assessment of Capital requirements of the Bank (SBI) as well as SBI Group (including subsidiaries) for the current years as well as for the next five years in line with Business planning and financial budget of the Bank
Credit Analyst
State Bank of India
Mumbai
11.2008 - 01.2009
- Responsible for handling Credit appraisal, Risk analysis and Balance sheet analysis of all Mid Corporate units/ Corporates and recommending credit proposal of quality business for sanction
- Preparation of Internal rating of the borrower and validation of the same
- Analysis of FFR report, handling credit audit requirements
- Successfully handled borrowers of NBFC, Pharmaceuticals, Iron & Steel industry
Credit Analyst
State Bank of India
Mumbai, MH
01.2001 - 11.2008
- Prepare and deliver capital, liquidity, and statistical regulatory reports, ensuring accuracy, completeness, and adherence to strict deadlines.
- Develop, operate, and maintain robust controls and documentation to support compliance with financial regulatory reporting standards.
- Analyze and document data inputs and outputs to ensure consistent preparation and disclosure of regulatory information, while assessing the impact of evolving requirements.
- Provide expertise on regulatory concepts, including capital calculations and ratios, and support the implementation and reporting of new products to align with capital and liquidity standards.
Education
Post-graduate - Finance
Bachelor - Commerce
Skills
- Financial Reporting
- Financial Forecast and Planning
- Financial strategy management
- Capital Adequacy Reporting (Basel-III)
- Internal control development
- Profit and loss management
- Financial analysis
- Management accounting
- Month-end and year-end closings
- Balance sheet management
- Financial modelling capability
- Compliance testing knowledge
- Regulatory Reporting
- Bank's Key Ratio Analysis
Certification
- Chartered Accountant
- Part Qualified ACCA
- KPMG certified IFRS
- Post-graduate in Finance
- Bachelor in Commerce
Accomplishments
Recognized by senior leadership for driving financial compliance in alignment with EU Data Privacy regulations, ensuring robust governance and adherence to regulatory standards.
Timeline
Financial Controller
Bank of Baroda
02.2022 - Current
Financial Reporting Manager
Bank of Baroda
09.2017 - 02.2022
Corporate Loan Credit Analyst
Axis Bank
10.2016 - 09.2017
Capital Planning Analyst
State Bank of India
12.2014 - 10.2016
Credit Analyst
State Bank of India
11.2008 - 01.2009
Credit Analyst
State Bank of India
01.2001 - 11.2008
Post-graduate - Finance
Bachelor - Commerce
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