Saravanan (Sarav) Mohanakrishnan
Summary
Cost Accountant and Post Graduate in Finance with 19 years of experience spanning across Financial Planning and Cost Management, KYC, Financial Research (Equity, Credit HY, Commodities), Corporate Banking, Business Intelligence (BI), and MiFID2.
Been associated with Deutsche Bank since 2007 and worked with various DB analysts across asset classes such as India Mid-cap, Metals & Mining, Global Commodities Research, and US HY analysts. Before DB, had 3 years of experience in Corporate Banking and Front-end credit research.
Overview
19
19
years of professional experience
Work history
Head of Financial Planning and KYC
Deutsche Bank AG
London
07.2021 - Current
- Monitoring Revenue and Cost progression, providing periodic updates to ExCo on financial performance
- Pre-empt and provide for any major escalations in controllable costs
- Cost allocations - engaging with stakeholders from IB and non-IB in determining optimal cost allocations, and implementing cost transfer through allocation keys / monthly OTT
- Onboarded CB as a new stakeholder and allocated 6% of Research cost making them 3rd largest stakeholder
- Lead the Transfer Pricing initiative to move costs from non-revenue locations to revenue locations
- Engaged with various Country Finance to get this implemented
- Closely monitored the newly created DBIQ Revenue center and established a revenue transfer pricing engagement with DWS
- Research structure and headcount planning - led the UBR restructuring exercise including FTE and Cost restatements to align with the changing Research business needs
- Keep a close watch on FTE vs target and update ExCo members on their business headcount progression and pipeline
- Planning and Compensation - Developed a comprehensive financial plan over the last three years, which facilitated the CAO and COO to effectively communicate business requirements to DB's top management
- Implemented significant improvements to the year-end comp process, resulting in a streamlined and more efficient system that was highly appreciated by the ExCo members
- Stakeholder Management - Established good rapport with various stakeholders including Business Finance, HR, Research Top Management, key stakeholders from various divisions
- Additional responsibility of Head of KYC for Research
- Research KYC Remediation - Successfully led the project which involved working closely with AFC to formulate Research KYC policy, with PWC to ensure we completed the onboarding of over 170 clients to meet the regulatory deadline, periodic reporting to top management and handled vendor liaising including right resourcing, periodic vendor progress review and billing
- Perimeter Management - Managed KYC perimeter for over 2000 clients and monitored offboarding list to protect the Research/ECM clients
- Stakeholder Management - Maintain close relationships with various stakeholders from Research, ECM, Mid-office ops, and KYC teams to ensure new clients are onboarded on time
- Coordinate weekly European onboarding pipeline call to ensure stakeholders are kept informed.
Vice President
DBOI Global Services Pvt Ltd
Bengaluru
05.2017 - 06.2021
- Responsible for MiFID contract pricing and negotiation for FICC clients
- Monitored Research consumption and provided tailored solutions for clients
- Led the client outreach on DB's FICC research offerings and appropriate pricing
- Developed and maintained BI tools for top management and sales
- Managed a team of associates and achieved Front-to-Back support for €5mn worth of FICC contracts
- Brought in process improvements, including automated dashboards, which were appreciated by DB's top management.
Sector Leader
CRISIL GR&A, Irevna
Chennai
07.2007 - 04.2017
- Well-versed in Financial modeling, report writing including Initiation reports and Thematic reports
- Handled large teams and projects for DB
- Supported analysts across multiple sectors, including the DB US HY team, DB's global commodities research team in tracking base and bulk metals, Indian multi-industry Equity analyst of DB in initiating coverage of 14 Indian companies across metals, infrastructure, and sugar space
- Managed a team of 23 offshore associates working for consumer, IT, TMT, and infrastructure analysts of DB
- Managed a team of over 15 associates in ramping up coverage of SMC companies for DB, ensuring that best practices were consistently followed in this cross-vendor initiative
- Ideated a shared services financial model that was presented to the Head of Research that was well received and appreciated
Associate
ICICI Securities Ltd
Mumbai
03.2006 - 06.2007
- Was part of Credit and Market risk group, tracked and set investment limits for metals, fertilizers, and chemicals using ratios, cash flow analysis, peer analysis, and industry research
- Also analyzed Indian banks and mutual funds to set investment limits, computed Value at Risk (VaR), and handled periodic RBI reports such monthly stress test, backtesting, and Capad
Credit Analyst
State Bank of India, Accounts Group
Mumbai
06.2004 - 02.2006
- For major corporate clients in Power and Infrastructure, conducted ratio analysis, identified risks, and prepared credit proposals
- Was part of the team that established a Vendor Financing Cell and presented auto pool Securitization deals for approval
- Also suggested measures to improve SBI's Agribusiness.
Education
PGDM - Finance
Indian Institute of Management
2004
Graduate CWA -
Institute of Cost and Works Accountants of India
2004
Bachelor of Commerce -
Madras University
2002
Skills
- Cost and margin analysis
- Variance analysis
- Stock valuations
- Transfer pricing calculations
- Project budgeting
- Cash Flow analysis
- Process optimisation
- Financial management
- Process improvement
- Budget analysis
- Regulatory compliance
Timeline
Head of Financial Planning and KYC
Deutsche Bank AG
07.2021 - Current
Vice President
DBOI Global Services Pvt Ltd
05.2017 - 06.2021
Sector Leader
CRISIL GR&A, Irevna
07.2007 - 04.2017
Associate
ICICI Securities Ltd
03.2006 - 06.2007
Credit Analyst
State Bank of India, Accounts Group
06.2004 - 02.2006
PGDM - Finance
Indian Institute of Management
Graduate CWA -
Institute of Cost and Works Accountants of India
Bachelor of Commerce -
Madras University
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