Sailesh Mahadevan
United Kingdom
Summary
Chartered Accountant and Senior Finance Leader with 25+ years of experience in Banking and Financial services focused on thought leadership and delivering Finance Strategy and Business Outcomes.
Core strengths include Subject Matter Expertise and extensive hands on experience in all technical aspects of the finance function, good understanding of Data, process, systems and front to back architecture .
Experience of working in multiple jurisdictions / financial centres in a multicultural, challenging and constantly evolving environments
Finance leader and team player with a customer and solution focussed mindset and consistent and proven track record of delivery.
Overview
25
25
years of professional experience
2000
2000
years of post-secondary education
Work history
Director – Finance
Barclays
London
09.2016 - 09.2025
- Finance Transformation Lead for Financial Control, Regulatory Reporting (Basel IV) and Strategic global projects
- Providing financial and thought leadership to deliver the Finance strategy and outcomes in partnership with finance and technology
Finance Business Architecture Lead - Basel IV
Barclays
03.2021 - 12.2023
- Leading the business process definition and and process insights to help define the target state Operating model.
- Leading the Business case and articulating the requirements for the architecture and design proposal for Basel IV reporting automation
- Leading the business requirements for the technology built for strategic flow architecture and reporting capabilities for Metrics.
- Leading and supporting the critical design decisions via the Business architecture design forum.
Transformation Lead - Strategic Data Program
Barclays
London
09.2018 - 03.2021
- Leading the high level design and business case for the Granular Trial Balance (GTB) program which was a global strategic initiative
- Leading the data, functional design and business requirements for the program delivery.
- Responsible for leading and managing the Design Authority forum to discuss and agree strategic and operational level design decisions.
Finance Lead - Structural Reform & IFRS 9
Barclays
09.2016 - 08.2018
- Defining and Leading the implementation of the financial reporting and disclosure requirements for Barclays Group and key subsidiaries post implementation of UK Structural Reform.
- Analysing and defining the reporting requirements under IFRS 9 for Barclays Group and key subsidiaries.
- Accountable for ensuring key decisions are taken in time through engagement with multiple senior stakeholders across business and functions.
- Partnering with Group Technical Accounting and Group Legal teams to determine the impact of various transactions and laws on external reporting and disclosures.
- Leading the transition from project to Go Live for HY 2018 financial reporting for Barclays Bank Plc and supporting the Group Controller and CFO in the review and preparation of the Board / BAC papers.
Vice President – Investment Bank Finance
Barclays
Singapore
06.2013 - 09.2016
- Company Overview: Investment Bank Financial Control
- Business lead for the GSIB regulatory reporting project for IB. Accountable for the end-to-end definition and delivery of the GSIB reporting covering Data Sourcing, Data Quality and functional design.
- Implemented end to end automated reporting solution (E-Flex) for IB Group financial reporting including sub-analysis for disclosures.
- Coverage of approx. 83% of the Balance sheet across major asset classes was delivered.
- Delivery of results achieved ensuring key focus on standardisation, controls and efficiency.
- Managed Inter-company BAU process with lowest level of Items at risk while ensuring excellent quality assurance review.
- Leading the discussions in the monthly Asia Group LOR as well as the specific Legal entity LORs for Inter-company process.
- Managed the inter-company process migration to off-shore location (Noida) including recruitment, training, process transition and parallel run.
- Volunteered for a short-term assignment to transition the process and provide advice and support to the management and offsite team to stabilise the process post migration during a difficult phase and to deliver at same level of quality.
- Defined and implemented tactical solution at IB level to manage Inter-company process issues caused due to internal re-structuring (creation of Non-Core) within the Barclays Group.
- Implemented sustainable medium-term system solution to resolve the massive inter-company issue caused by non-core split before 2014 year-end as committed to Finance SMT in UK.
Head of finance
Emirates NBD P.J.S.C
Dubai
08.2006 - 05.2013
- Heading the Consolidation & Reporting function for the Group (consisting of subsidiaries, associates and overseas branches) and working closely with Investor relations, Regulatory reporting, Risk and other key stakeholders.
- Revamped the external reporting process including review of content of financial reports and automation of the end to end consolidation process to accelerate timelines.
- First Bank in UAE to complete XBRL reporting to Emirates securities and commodities authority.
- Represented the bank (first bank in middle east) at IASB, London for XBRL tagging project.
- Providing accounting advisory to subsidiary finance teams.
- Managed the entire accounting aspects related to complex accounting transactions including sale and acquisition of subsidiaries.
- Assessing the impact of new IFRS standards on the group financials.
- Heading the newly created Business Process re-engineering function to centralise and streamline process and technology solutions.
- Established centralised service centre for finance processes (Accounts payable) within the Group.
- Implemented automated process for centralised Management and cost reporting.
- Business Finance / BP&A function for Centralised Operations and Infrastructure for Emirates Bank and then Emirates NBD (post the merger of Emirates Bank with NBD to create the biggest bank by Assets in the MENA region).
- Set up the business finance team for Operations and Infrastructure function.
- Helped Integration of the Operations function and Operations finance as a result of merger of the bank.
- Set up a model to measure and report synergies from the merger.
- Implemented Core Banking solution and Oracle GL as part of the Core finance team.
- Set up cost allocation methodology for group operations to manage business P&L on fully loaded cost basis.
- Set up costing and pricing models to help management decision support.
Financial Controller
Barclays Bank
Dubai
08.2004 - 08.2006
- Responsible for all Financial, Regulatory and Group reporting as well as local Tax reporting and system implementation.
- Set up the Finance team for Barclays UAE as part of Barclays Africa.
- Set up policies, processes and controls for finance and accounting for new product launch.
- Implemented SAP GL for Barclays UAE as part of Barclays Africa transformation program (only country to Go live).
- Certified IFRS trainer within Barclays UAE.
Financial Control
Dubai Bank PJSC
Dubai
08.2003 - 08.2004
- Responsible for Financial, Regulatory and Management reporting including Budgeting and forecasting.
- Set up the policies, processes and controls for finance on inception (first year of bank set up).
- Implementation of Treasury system for Derivatives and MM products.
Analyst - Consumer Banking - Reporting & Projects
Standard Chartered Group
India
04.2002 - 07.2003
- Responsible for Consumer bank monthly management reporting and business analysis as well as Activity based Cost MIS set up and automation for MESA region.
- Set up activity-based cost reporting process for consumer banking products across the MESA region and automated the Cost MI reporting including benchmarking.
Deputy Manager - Internal Audit & Compliance
HDFC Bank Ltd
India
04.2000 - 04.2002
- Responsible for internal audit of Retail branch banking, centralised operations and corporate banking as well as set up of branch banking controls and review guidelines.
- Part of Core team responsible for development, testing and implementation of Credit cards system.
- Set up the MI for daily and monthly key controls and quality assurance reporting across regions to senior management.
Education
Chartered Accountant -
Institute of Chartered Accountants of India (ICAI)
IndiaBachelor of Commerce -
Mumbai University
IndiaIFRS Certification - undefined
ICAEW
Claritas Investment Certificate - undefined
CFA Institute
Skills
- Strategic Thought Leadership
- Financial Control, Consolidation and Reporting
- Extensive Transformation & Change experience
- Senior Stakeholder Management & Governance
- Multi Jurisdictional Experience (London, Singapore, Dubai, India)
- Regulatory Reporting
- Management & Cost Reporting
- Budgeting & Planning
- Internal Audit & Controls
Languages
English
Fluent
Hindi
Fluent
Malayalam
Advanced
Tamil
Upper intermediate
Marathi
Intermediate
Personal Information
- Title: Senior Finance Executive
- Nationality: British
Custom
Chartered Accountant (FCA, ICAI, India)
Accomplishments
- Barclays London Values Award – SRP/IFRS 9 Implementation
- Barclays Singapore GEM Award – Post-migration support
- Emirates NBD Best Finance Team & XBRL Reporting Award
- Barclays UAE Star of the Year, Eagle Awards (Gold & Silver)
- Standard Chartered Group Star Award
References
References available upon request.
Timeline
Finance Business Architecture Lead - Basel IV
Barclays
03.2021 - 12.2023
Transformation Lead - Strategic Data Program
Barclays
09.2018 - 03.2021
Director – Finance
Barclays
09.2016 - 09.2025
Finance Lead - Structural Reform & IFRS 9
Barclays
09.2016 - 08.2018
Vice President – Investment Bank Finance
Barclays
06.2013 - 09.2016
Head of finance
Emirates NBD P.J.S.C
08.2006 - 05.2013
Financial Controller
Barclays Bank
08.2004 - 08.2006
Financial Control
Dubai Bank PJSC
08.2003 - 08.2004
Analyst - Consumer Banking - Reporting & Projects
Standard Chartered Group
04.2002 - 07.2003
Deputy Manager - Internal Audit & Compliance
HDFC Bank Ltd
04.2000 - 04.2002
IFRS Certification - undefined
ICAEW
Claritas Investment Certificate - undefined
CFA Institute
Chartered Accountant -
Institute of Chartered Accountants of India (ICAI)
Bachelor of Commerce -
Mumbai University