Our Management

Arvind Dube, CEO

detailed experience statement

2017-18 Sabbatical

included completing the CTP (Certified Treasury Professional) qualification from AFP (Association for Finance Professionals, USA), and setting up PracTreasury

2013-17 SVP & Head of HSBC Global Markets Product Control, Gurgaon (India) & Krakow (Poland)

Reporting to the Global Head of HSBC Global Finance Operations, managed the worldwide offshored processes of Global Markets Product Control with teams in India and Poland

• Processes covered accounting controls, balance sheet substantiation, P&L analysis & reporting, off market rate checking, hedge accounting and valuation.
• Ensured outstanding financial control, partnered with in-country product control leads, attracted motivated and retained talent, trained and developed people, managed performance assessment, risks and internal controls, and established the highest standards of conduct
• As member of the direct senior management team of the Global Head of GFO, contributed to the strategic development of the finance centres, through reviews of performance, people and risks, and participating or leading various workstreams in this regard.
• As member of the direct senior management team of the Global Head of Product Control, contributed to the periodic reviews, especially transformation, and leading various workstreams in this regard.

2005-13 - Head of Treasury Finance and Product Control, HSBC Bank M.E. Limited, Dubai

Reporting to the CFO Global Markets MENA, managed the treasury finance, treasury market risk and treasury credit risk control functions for HSBC Bank Middle East, as a regional responsibility covering UAE, Oman, Qatar, Kuwait, Bahrain, Pakistan, Jordan, Lebanon, Algeria and Egypt.

• Finance responsibility covered product control including accounting, valuations, hedge accounting, Basel 2 risk weighted assets computations and analysis, IFRS compliant financial reporting, profit and loss analysis and extensive management reporting, of Global Markets line of business, encompassing a range of product lines including money market, foreign exchange, fixed income securities, and complex derivatives including various types of currency options, interest rate swaps and options, credit default swaps, etc., and assisted in the strategic annual plan document.
• Market risk controls covered the monitoring of activities and results against mandated limits for stop loss, currency exposure, PVBP, VaR, etc., by currency, dealing positions, profit centres and overall.
• Credit risk controls covered establishing and monitoring utilisations against mandated counterparty limits, recommending interbank/institutional limits, coordinating ISDA documentation, reporting, etc.
• Managed timely implementation of various complex treasury system change projects including Summit, Murex, Global Calypso, and HSBC proprietary systems, for the finance/credit components.
• Successfully handled Group Audit and External Audit

2001-05 - Chief Financial Accountant, The Saudi British Bank (HSBC Group), Riyadh, Saudi Arabia

Reporting to the Dy CFO, managed financial and regulatory reporting under International Financial Reporting Standards, in particular, IAS-39 including fair value accounting for investments and treasury hedging activity.

• Produced the annual report and accounts for 4 years, and the Q&A for the AGM.
• Managed corporate tax and zakat filing, and handling tax department queries.
• Managed the Basel 2 capital adequacy analysis
• Managed reporting to ALCO on liquidity and concentration risks, economic profit, and competitor risk analysis.
• Reviewed and commented on the analyses from credit rating agencies.
• Prepared the Business Continuity & Disaster Planning document for the unit. Coordinated the response to the top management on controls on technology risk.

1999-01 - Project Manager – Finance, Riyad Bank, Riyadh, Saudi Arabia

Reporting to the VP Finance, managed and successfully completed a project on setting up an Oracle Financial Data Mart to simplify and automate the financial and regulatory reporting processes. Managed the regulatory reporting function. Analysed issues on the newly introduced accounting standard IAS 39 in respect of treasury activities, and Basel 2 in respect of regulatory risk reporting.

1996-98 - Head of Business Risk, ITC Limited, Kolkata, India (British American Tobacco plc Group)

Reporting to the GM Corporate Finance, coordinated & facilitated business risk management involving identifying/implementing best practice, networking with business divisions, communication and training.

1993-96 - Head of FX Treasury, ITC Limited, Kolkata, India (British American Tobacco plc Group)

Reporting to the GM Corporate Finance, developed the policy, systems and procedures for proper management and control of the foreign exchange component of the company’s business and treasury operations. This included risk measurements such as event risk, stress tests and value-at-risk calculations.

• Managed currency and interest rate exposures, with risk-controlled use of derivatives, mainly forward contracts, interest rate swaps, caps, collars, currency swaps, etc.
• Provided training on international markets and the use of derivatives.
• Provided advisory services on foreign exchange management to the business divisions

1991-93 - Chief Manager (International Finance and Marketing), SBICAP, Mumbai, India

Reporting to the GM Corporate Finance, arranged foreign currency project-finance, advised international financing alternatives to clients, prepared information memoranda, and piloted loan proposals through international funding agencies.

• Carried out the project appraisal for medium sized projects.
• Marketed the services of SBICAP (the largest investment bank in India) including public issue management, leasing, syndicated finance, etc., through personal customer contact, road shows, etc

1989-91 - Credit Manager, State Bank of India, Singapore

• Credit appraisal for sanction, review and renewal of trade-finance and project-finance accounts, covering both on- and off-balance sheet facilities;
• Advised customers on derivatives usage and arranged interest rate swaps

1987-89 - Treasury Dealer, State Bank of India, Singapore

• FX Market Dealing
• Money Market Dealing
• Asset/Liability management, Cash & Liquidity management, Nostro Accounts funding, and generating profits within defined risk exposure tolerance limits.

1976-87 - State Bank of India, Patna Local Head Office, India

Various assignments:

• Branch Manager holding independent charge of a commercial retail branch, responsible for achieving budgets for business growth, cost control and customer attraction, besides responsibility for accounting, book-keeping and staff management
• Investigating Officer for a large savings bank fraud case at one of the branches
• Manager Inter Office Reconciliation for more than 700 branches in Patna Circle
• HR Manager for a region of 50 branches with a staff strength of 300, covering staff recruitment & development, leave schedules, promotions management, disciplinary actions, and other relevant staff matters
• Branch Accountant, managing the books of account, internal audit, retail deposit customers and staff, for a medium sized branch
• Probationary Officer - a 2 year intensive management trainee programme including on-the-job and institutional training

Education & Qualifications

• Certified Treasury Professional (CTP), Association for Finance Professionals, USA, 2018
• Member of the Institute of Risk Managers (MIRM), UK, 1996
• Certified Associate of the Indian Institute of Bankers (CAIIB), India, 1983
• M.Sc. Physics (St Stephen’s College, University of Delhi, Delhi) India, 1975

Miscellaneous

• Conducted sessions on FX & Derivatives at XLRI Jamshedpur and IIM Kolkata
• Conducted in-house training sessions at ITC, SABB, HSBC
• Organised Road-Shows on financing solutions for CEOs of mid-segment corporates across India (Bangalore, Baroda, Coimbatore, Gwalior, Indore, Patna)
• Published articles “An Evolving Treasury Operation” and “Domestic & International Treasury Operations in India” in Treasury Management International, a publication of Hemmington Scott, London, UK; on Options & Futures and the Barings Crisis in the ITC Kolkata in-house magazine “Dimensions”.