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Management Control

Location:
Toronto, Ontario, Canada
Posted:
April 21, 2017
Email:
aczxd3@r.postjobfree.com

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Sudha Datta

** ************* *****, ******* *** *B5

Res: 647 *** **** /Cell: 647-***-****

Email: aczxd3@r.postjobfree.com

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Profile

A highly accomplished financial services professional with over 20 years of experience working in various areas of accounting, finance and internal control. A self-starter and highly motivated individual with diverse skills-sets including budget, control, resource and talent management.

Core Competencies

Accounting, auditing and control

Strategic Planning & Alignment

Investment Operations

Talent Management and Development

Financial Management

Vendor Management

Abu Dhabi Investment Authority (ADIA) (March 1996- April 2016)

(Abu Dhabi Investment Authority (ADIA) is a Sovereign wealth Fund owned by the Government of the Emirates of Abu Dhabi. ADIA manages investments over US$500 billion in various countries in different asset classes.)

Head of Operations: Investment Support & Custody

Managed “global custody operation” of the Authority, which include selection of custodians, negotiation with custodians, finalization of legal and service level agreements. Also, include maintaining on-going relationship with various custodians and resolving issues.

Managed “Securities lending operation” of the Authority by selecting lending agents, negotiating agreements and implementing necessary procedure for monitoring lending related risks (i.e. collateral deficiency, reinvestment risks etc.)

Carried out diagnostic reviews of the financial and operational accountability environment at custodian’s operation, which include “due diligence” visits to the operation centers of all existing and potential custodians and lending agents and suggest appropriate control procedures.

Prepared “service level agreements” with various external service providers (e.g. custodians, lending agents, brokers, fund managers etc.) and with other internal departments.

Prepared reports for the “Investment Committee” outlining short term and long term strategy regarding custody and stock lending arrangements for the Authority. Deal with all global tax related issues i. e, withholding tax, reclaim of taxes, documentation, appointment of tax consultants in various countries etc. Act as “one stop source of information” for all investment departments.

Prepared and monitor budget for the department.

As a member of the “Executive Committee” of the department, responsible for recruitment of staff, performance evaluation, resource allocation and other key decision making within the department.

Accounting and Control:

Supervised internal control and reconciliation division and prepared periodic reports on internal control for higher management. Carried out valuation of investments, monitoring of corporate action entitlements and income.

Carried out compliance monitoring (disclosure requirements) in various international markets following rules and regulations of respective stock exchanges.

Monitored investments in shares, bonds and other financial instruments and performance of external fund managers who manage funds on behalf of the Authority. Supervised development and implementation of system and procedure to strengthen financial management of the Authority.

Prepared consolidated financial statements of various subsidiary companies as well as top level consolidation for the Authority for submission to the external auditors.

Supervise up to forty (40) employees in the Operations Department.

Special projects:

Special project: help in setting up a new Operations department. Visited various fund managers, brokers and custodians in Europe and North America to familiarize with the Operations procedures in various markets and prepared a report with recommendations.

Participated in various committees e.g., Euro working group, EDI working group, Project user group (for selection of new software packages for ADIA), DMG ( Departmental Management Group) etc.

Purolator Courier Ltd. Toronto (March 1993-March 1996)

Manager, Budget, projects and Control

EDUCATION:

Certified Public Accountancy (CPA)-USA.

Fellow (FCIB)-Chartered Institute of Bankers, U.K.

Chartered Accountant, Bangladesh

PROFESSIONAL MEMBERSHIPS:

Associate, American Institute of Certified Public Accountants.

Fellow, Chartered Institute of Bankers, U.K. (ifs, School of Finance).

Fellow, Chartered Institute for Securities & Investment, U.K.



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