RITESH CHHEDA

Financial Control

• Currently heading Barclays Bank and subsidiaries such as NBFC, Stock Broker and Trusteeship arm of Barclays Group India.
• Presenting Quarterly Limited Review (LR) and Yearly Audited Financials to Board members of NBFC
• Presenting Quarterly and Yearly Audited Financials to Board members of Stock Broking Company and a Trusteeship arm
• Review of Executive committee presentation (EXCO), used for senior management reporting, like summary of Revenue & Expenses, comparison between Budget & Actual.
• Managed local Internal Capital Adequacy Assessment Process (ICAAP) for Bank and NBFC
• Key contact person in handling Internal Financial Controls framework from Financial Control
• Monthly tracking of P&L for the Bank
• Managing IFRS GAAP for Corporate Bank cluster.
• Managing various audits as Statutory, RBI, Tax, Internal and Group Audit
• Having extensive knowledge of IGAAP, IFRS, INDAS, Regulatory Reportng.

Regulatory Reporting

• Had been heading regulatory reporting function for local bank and managing all regulatory reporting submissions to Reserve Bank of India (RBI)
• Includes compliance with various finance related returns like Capital Adequacy as per BASEL III norms, Form A, DSB, LCR, NSFR, Risk Based supervision (RBS) returns
• Managing RBI ADF project on automation of regulatory returns
• Managing of RBI inspection for regulatory function

Tax Compliance

• Had been heading tax compliance function for all the local entities of Barclays
• Managed various tax payments on monthly and quarterly basis relating to TDS, GST, etc
• Managed Tax Audit, Transfer Pricing (TP) for all the entities

Risk & Control

• Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Barclays Operational Risk Framework and internal Barclays Policies and Standards
• Implemented Risk Control Assessment (RCA) for Finance department
• Managed various activities like Business Continuity Management, Record Management and Data Privacy for Finance

People

• Handling a team size of 6 to 8 people in finance domain.
• Keeping team motivated in the constantly evolving environment, ensuring they are developing and to maintain functional stability
• Champion and drive forward the colleague engagement and development plan
• Managing events for Finance team and also part of Barclays network such as Working Family Network (WFN)

Recognition

• Currently recognised for mindset story on Challenging and Drive
• Had been recognised for work done on ADF project (Regulatory returns automation)
• Have been recognised over years for various assignment undertaken for Group

• Conducted Internal Audits of Zim Shipping and Aga Khan Education Services, India
• Online risk monitoring of various branches & franchises in cash & F &O segment
• Evaluation of policies and guidelines and their implementation
• Highlight the weaknesses/areas of improvement

• Statutory and Tax audit of corporate and non-corporate clients in computer environments
• Compliance with Accounting Standards, Auditing and Assurance Standards and Accounting Principles
• Conducted audits of renowned corporate like Ardhersir B
• Cursetjee & Co., Mackinnon Mackenzie & Co., etc
• Conducted Statutory audits of Trusts like Cehat (Anushandhan Trust)
• Preparation and filling of returns of Individuals, Partnership Firms, Companies and their advance tax estimation and handled correspondences with various government departments