Overview
Work History
Education
Additional Information
Timeline
Generic

NITIN AGARWAL

ABU DHABI

Overview

11
11
years of professional experience

Work History

AVP - Business Unit Controller

First Abu Dhabi Bank
07.2023 - Current
  • Worked on streamlining P&L reporting for Structured Trading desk and resolving legacy issues.
  • Worked on project to move derivative product valuation from discounted to non-discounted by analyzing PVE across products.
  • Worked on NAWC, accounting schema review, IFRS compliance for different products.
  • Worked on project of Sales Volume and Episodic trade analysis.
  • Worked on automating/improvising of Risk based P&L attribution process.
  • Drafted and implemented BUC Internal Operational Risk incidence reporting process.

EMEA Credit Product Controller - Associate

Goldman Sachs
10.2019 - 07.2023
  • Managing P&L of different desk within Credit Business for both flow and structured Exotics desk and reviewing/providing approval for Exotics structured trades to trading.
  • Exposure to products like Corporate Bonds, AT1, REIT, ABS/MBS, Floater, CDS, Credit Index, Credit Index Tranches, ETF, TRS, CLN, SPV Repacks and other exotic products in credit space.
  • Reporting of Trading and MTM P&L as per VOLCKER rule and signing off the P&L attribution (Credit, Rate, FX, Basis, Time, Carry etc)
  • Explanation on VAR breaches to Market Risk team.
  • Calculating/Rebalancing various Valuation Adjustment reserves(FVA/CVA/Bid offer/LVA/Exit price/Quanto/Doc-switch/Recovery Reserve etc) on Daily/weekly monthly/basis to ensure prudence valuation.
  • Periodical review of VA/Reserve policies across product/region to ensure effectiveness of the reserve.
  • Price Verification of internal prices against industry sources such as Markit, BBG, Totem consensus or on the basis of broker quotes, trades in the market. Challenging market participants in case of discrepancies.
  • Unverified/L3 asset review and alt-verification process using different inputs/techniques like - Bounding , Scenario Analysis(Yield/correlation shock/spread shock), Z-spread, trade, Collateral, comparable security analysis.
  • ME/QE activities like Stale Price , Price Mismatch, Collateral, Client Valuation, Aged Inventory, Prudential valuation downside, Close out cost, L3 input review, VIE Disclosure.
  • QE activity for FAS 149(Derivative with Financing element), FAS 157(FV Stamping and L3 roll forward) , FAS 159(Debt Roll Forward), FAS 161(Disclosure on gain/loss on derivative).
  • Driven several projects on (Bid offer grid calibration, Unverified review, CDS PV scrubbing using Trades, Auto submission of internal price levels for consensus) across region within credit to improve efficiency and control check.
  • Actively participated in post Brexit move to Europe entity and handled audit from ECB/Auditor.

Treasury Product Control, Specialist

Standard Chartered GBS
05.2017 - 10.2019


  • Daily PL Production for Treasury Market, Movement And Variance Analysis while adhering to all control checks and best practices.
  • Analyzing hedge ineffectiveness, accounting mismatch, Realization P&L and yield analysis.
  • Ensuring proper accounting treatment (FVOCI/FVTPL) for ABS/MBS as per IFRS 9 by applying SPPI and business model test.
  • Helped in transmission from LIBOR to secured funding rates ( eg SOFR)
  • Ensuring P&L sign off from Trading desk and support in query and dispute resolution.
  • Coordinating with the Team for preparation of various MIS report (Drag on Capital, Fund Transfer Pricing, Cost of Liquidity, Cost of Free Capital etc).
  • Automated and improved number of processes.

CA Internship

Parakh & Kapoor, Chartered Accountants
10.2013 - 01.2017


  • Statutory & Tax Audit, Income Tax Scrutiny Assessment ,VAT Audit/Service Tax Audit, Account finalization,
  • Internal Audit & Management Support and MIS preparation.


Education

CFA L2 - Finance

CFA Institute
11.2023

Chartered Accountant - Accounting And Finance

ICAI
Kolkata
11.2016

Company Secretary - Corporate Law And Compliance

ICSI
Kolkata
05.2016

Bachelor of Commerce - Accounting And Finance

St Xavier's College
Kolkata
05.2015

Additional Information

  • Skills: Microsoft Office,Murex, Power BI, Bloomberg
  • Interests: Stock Market Enthusiast; Following Financial/Economical and political developments ; Playing Badminton; Watching Cricket; Traveling
  • Language : English, Hindi, Bengali.

Timeline

AVP - Business Unit Controller

First Abu Dhabi Bank
07.2023 - Current

EMEA Credit Product Controller - Associate

Goldman Sachs
10.2019 - 07.2023

Treasury Product Control, Specialist

Standard Chartered GBS
05.2017 - 10.2019

CA Internship

Parakh & Kapoor, Chartered Accountants
10.2013 - 01.2017

CFA L2 - Finance

CFA Institute

Chartered Accountant - Accounting And Finance

ICAI

Company Secretary - Corporate Law And Compliance

ICSI

Bachelor of Commerce - Accounting And Finance

St Xavier's College

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NITIN AGARWAL