Nitesh Bajaj

Currently leading the Rates and Credit team; prior to this, I was leading Corporate Derivatives and Quantitative Investment Solutions.

• Owning key controls and the balance sheet, and signing off on control design and operating effectiveness for the areas semi-annually.
• Leading and managing a team of 20+ for various products.
• Key liaison for Trading, COO, Market Risk, Middle Office, and Entity Controllers to resolve operational and financial queries.
• Participate in and support strategic change initiatives, including planning, design, implementation, and addressing post-implementation issues.
• Providing detailed analysis and reporting on the financials to desk heads, business managers, and senior finance management.
• Core responsibilities included timely and accurate reporting of daily P&L, balance sheet attestation, risk verification, FX exposure analysis, and ad-hoc reporting.
• ECL (Expected Credit Loss) accounting and provisioning in books, as per IFRS 9 guidelines.
• Worked closely with the Front Office and traders on daily P&L verification, asset valuation, asset-specific accounting guidance, and RWA, LRD reduction assessment.
• FRTB testing for trading books, as per Basel norms.
• Managing month-end close by reviewing the final P&L, monthly balance sheet, and substantiation.

• Traveled USA for migration of Investment Accounting and reporting into SAP.
• Performed UAT testing on Equity & Fixed Income securities during the migration phase and identified core accounting issues.
• Performing Impairment testing on Financial instruments in accordance with IFRS and proposing the list of securities to be impaired to Impairment committee.

• Accounting of credit default swap, Interest rate swap, fixed income securities, bond borrowing, equity, and forex.
• Valuation of financial assets such as equity, venture capital investment, money market, fixed income securities like bonds and treasury bills as a member of the treasury middle office team supporting Singapore branch.
• Performing of Hedge Effectiveness Testing for hedge positions taken by bank using quantitative tools such as dollar offset method and its financial reporting as per IFRS.