Summary
Overview
Work History
Education
Skills
Languages
Timeline
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Abhishek Kumar

Jersey City,NJ

Summary

Experienced, self-motivated, VP - Finance with a demonstrated history of working in the investment banking industry. Driven independent individual with strong organizational and analytical skills. Proven track record in managing projects, executing business strategy and key initiatives. Highly flexible and adaptable with a strong work ethic. Natural ability in managing multiple priorities and deliverables in a fast-paced environment with high success rate in meeting deadlines. Trusted team player, execution oriented, and solution-driven mind-set.

Overview

17
17
years of professional experience

Work History

VP, Business Finance Partnering, Capital Markets & Advisory - CMA

HSBC Bank USA
New York, NY
10.2024 - Current
  • Primary responsibility includes acting as a partner to the head of CMA to align financial strategies with overall company goals.
  • Proactively tracking financial trends and KPIs, analyzing variance and explaining any deviation against the target/forecast.
  • Leading the budgeting, forecasting, and planning processes to ensure alignment with group objectives.
  • Acting as trusted advisor to non-finance stakeholders, helping them understand financial impacts, and driving commercial awareness.

Key Achievements:

  • Conducted comprehensive profitability analysis at the entity level across multiple business areas, and contributed to the optimization of indirect cost allocation process to enhance transparency and operational efficiency.
  • Performed an in-depth, cross-institutional analysis of out-of-pocket (OOP) expenses claims spanning several debt underwriting banks. Developed and deployed a data-driven optimization framework improving the claims process, achieving over a 50% increase in OOP claims.

VP, Global Foreign Exchange, Equities, and Capital Markets

HSBC Bank USA
New York, NY
03.2017 - 09.2024
  • Primary responsibility includes review and oversight function for near shore and onshore team and managing a team of 6 people including both onshore and offshore.
  • Budget/Forecast vs Actual tracking and variance analysis for short period of time.
  • Manage the relationship with Front Office clients at all levels including the Head of the business.
  • Representing Product Control in the various control and governance meetings, internal and external Audit, and Regulators etc.
  • Understand the trade strategies and hedge, ensure proper explanation of the P&L, and comment on drivers, both market and strategic.
  • Engage Front Office, Ops, and other areas to make the process better and achieve efficiency in daily tasks.
  • Meet existing and growing regulatory requirements - specific focus on project or Ad-hoc reports delivery.
  • Drive PC risk control and team meetings to ensure proper communication top down and bottom-up.
  • Ensure all the controls are working as expected and assessed for efficiency and applicability at reasonable intervals. Ensure any inherent operational risk is highlighted and mitigated in a timely manner.

Key Achievements:

  • Rated top performer consistently since 2015.
  • Covered Markets Cost segment as STA for 3 months, helped in GFX revenue analysis (AOP vs Actual)
  • Successfully leading a project from Product Control to replace Primary Trading System
  • Established near shore team from start and made them independent within a span of two years.
  • Presented Product Control in three OCC exams and one NFA exam.
  • Was involved directly in automating Volcker reporting, and Market Data for Valuations.

AVP, Global Foreign Exchange

HSBC Bank USA
New York, NY
08.2012 - 02.2017
  • Perform daily P&L analysis on a T+1 basis for the FX Flow, Commodities, and Automated Market Making businesses.
  • Analyze mark to market of risk books to substantiate P&L and identify any deviations from front office estimates.
  • Complete independent PV and cash flow analysis on trades driving P&L breaks to determine root cause of issues.
  • Work with front office and trade support to raise booking errors and ensure corrections result in expected P&L
  • Lead in system enhancements and replacements, running the project as change manager.
  • Perform IPV, calculate bid-offer and verify other applicable reserves. Perform market data analysis.

Key Achievements:

  • Was part of various system replacements and enhancements, including performing UAT and providing system spec.
  • Helped in automating 2.5 FTE work through innovative ideas and new system replacement as part of finance transformation programme.

Manager, Global FX and Foreign Fixed Income

HSBC (HDPI), India
India
09.2008 - 07.2012
  • Was responsible for managing a team of 6 people and ensuring all the daily tasks were performed per SLA.
  • Managing team’s performance and driving the relationship between onshore and offshore team.
  • Managing expectations of onshore team and building relationship with them and gaining their trust.

Key Achievements:

  • Leading the first offshore process and setting up the team in India, helping them become independent.
  • Led cross-functional teams to implement process improvements, enhancing operational efficiency and productivity under transformation programme.
  • 3 sort term and 3 medium term business visits to help US team in projects and automations.

Education

Postgraduate Certificate - Valuation and Risk

Middlesex University
London
08.2018

Chartered Accountant -

ICAI
New Delhi, India
05.2008

Bachelor’s - commerce

Delhi University
India
2004

Skills

  • Skills: Microsoft Office, Intermediate VBA, Intermediate SQL
  • Systems: Murex, Calypso, Summit, Sophis, Fidessa, RIVER, FTP, EssBase, TM1, ClearView, QlikSense
  • Data Analytics & Visualization: Proficiency in Tableau
  • Accounting & Compliance: Strong understanding of financial reporting, auditing, and risk management

Languages

Hindi
Native or Bilingual
English
Professional Working

Timeline

VP, Business Finance Partnering, Capital Markets & Advisory - CMA

HSBC Bank USA
10.2024 - Current

VP, Global Foreign Exchange, Equities, and Capital Markets

HSBC Bank USA
03.2017 - 09.2024

AVP, Global Foreign Exchange

HSBC Bank USA
08.2012 - 02.2017

Manager, Global FX and Foreign Fixed Income

HSBC (HDPI), India
09.2008 - 07.2012

Postgraduate Certificate - Valuation and Risk

Middlesex University

Chartered Accountant -

ICAI

Bachelor’s - commerce

Delhi University