Satish Kumar’s Post

Hello Connections! I am thrilled to announce that my partner, Priyanka Kalane, and I recently participated in the EY CAFTA Case Championship 2024. This experience was incredibly enriching and provided us with numerous learning opportunities. 🔄 Real-World Scenarios: The CAFTA Case Championship 2024 challenged us with real-world scenarios and high-priority problem statements. We were tasked with analysing the case and developing comprehensive solutions. 🔄 Industry Connections: The championship allowed us to connect with industry leaders and delve deeply into the world of finance and treasury. 🔄 Mentoring Sessions: We participated in virtual mentoring sessions, which helped us structure our responses, build presentations, and establish research approaches. These sessions greatly improved our presentation, communication, and teamwork skills. Our chosen stream was the “Risk Master’s Challenge.” ▶ Case Study Focus: The case study revolved around an Indian Multinational Corporation facing currency risk, interest rate risk, and commodity risk. To tackle these issues, we needed to devise a comprehensive hedging strategy framework. Here’s how we approached the case study: 🖊 Commodity Hedging Framework: We prepared a robust framework for commodity hedging. 🖊 Dynamic Models: We conducted research to prepare dynamic models for determining the USD/INR exchange rate for the next six months. 🖊 Risk Management: We managed currency risk and interest rate risk by employing various strategies and hedging instruments. 🖊 Strategy for African Subsidiary: We devised a strategy to address the dollar shortage issue faced by an African subsidiary in vendor payments. I would like to thank Sayabanna Shelake for his immense support and valuable guidance. Thank you Tanvi Upadhyay and Abhishek Anand for the opportunity. Also I would like to thank ,Imperial School of Banking and Management Studies,Dr. Anuja Ashtewale, D Surya Prakash ,VIDYA WANKAHDE, CA Vikas Garg for support. #Risk #EY #Treasury #Finance

As many of you know, the @RBI recently issued draft guidelines for the ‘Disclosure Framework on Climate-Related Financial Risks (2024)’, this February 2024. It is a significant step forward in promoting transparency and risk management around climate change within the Indian financial sector. The framework outlines 4 key thematic areas under climate risk financial disclosure requirements for regulated entities: Governance Strategy Risk Management Metrics and Targets Stay informed and prepared for the future of sustainable financial reporting. Read here for more information: Disclosure framework on climate-related financial risks, 2024 (pwc.in) #rethinkrisk #PwCIndia #climaterisk #sustainablefinance #financialservices #RBI

Day 2 at IEUK 2024 was packed with valuable insights into the exciting world of finance, professional services, and consulting! Morning Sessions: PWC Deep Dive: This session was held by Kate Reynolds got a fantastic introduction to PWC, exploring their diverse range of services and their commitment to ESG (Environmental, Social, and Governance) practices. Learning about the different sectors within PWC was particularly helpful in understanding the breadth of career paths available. Consulting with Emma: This session was held by Emma Goodall, a senior management consultant at IBM. Her talk shed light on the different types of consulting projects and the variety of roles within the field. It definitely sparked my interest in exploring consulting further! Afternoon Sessions: KPMG Audit:The afternoon kicked off with a session on auditing at KPMG. This session was held by Emmalyn and Andjela. This provided a clear understanding of the essential role auditors play in ensuring financial transparency. Banking & Markets with HSBC: We wrapped up the session with HSBC, gaining insights into the dynamic world of banking and markets. It was a great way to learn about the different career opportunities within this sector. Overall, Day 2 was an enriching experience that solidified my interest in this dynamic industry. Can't wait to see what the next two days have in store! #IEUK2024 #Finance #Consulting #ProfessionalServices #PwC #ESG #IBM #KPMG #HSBC #Banking #Markets #CareerGoals

Exciting news! PwC was recently fined a record £15mn by the FCA over its involvement with the London Capital & Finance scandal. This highlights the critical importance of upholding financial regulations and maintaining trust in the industry. As professionals, it's crucial to prioritize integrity and accountability in our work. Let's continue striving for transparency and ethical practices in the financial sector. #PwC #FCA #FinancialRegulations https://ift.tt/IX4xqTp

Completed course on Structured Finance by CRISIL Limited

I am thrilled to share that I've successfully completed the EY Learning badge for Banking and Capital Markets! 🏦💼This learning journey helped in improving my understanding of the complex financial mechanisms that drive our economy and the intricate workings of capital markets. I have gained valuable insights into key industry trends, regulatory frameworks and innovative financial products that are shaping the future of banking. #EYLearning #BankingAndCapitalMarkets #ProfessionalDevelopment #EYBadge #FinanceProfessional

The Competition Commission of Pakistan has explicitly discouraged the practice of using the term ‘Big Four’ in commercial covenants for appointing the firms for assurance or financialservices. In recent decisions, the CCP highlighted that limiting selection to the "Big Four" undermines fair competition, distorting the competitive landscape. #faircompetition #transparency #taxservices #financialservices #economy #pakistan #CCP #BIG4 #EY #KPMG #Deloitte #AFF #PwC #AfaqACA #CAs #CA #CPA

What makes an #AuditAndRiskAwards winner? Here’s why Denise Nuttall (Auditor, TSB Bank) won her award for Internal Audit Rising Star, according to our judges. Register your interest for next year’s awards here: https://bit.ly/3W5zZl8

Big news: PwC has been fined a record £15mn by FCA over London Capital & Finance. This is a major development in the financial sector. PwC's actions and the subsequent fine by FCA are raising important questions about the responsibility of professional services firms. It's pivotal for the industry to take note and enhance governance and regulatory compliance. #PwC #FCAfine #financialregulation https://ift.tt/IX4xqTp

🍂 September Milestones 🍂 As we enter September, we approach key milestones in the lead-up to the 2024 FS Awards in association with KPMG. This month represents the final phase of preparation before we honour the best and brightest in the financial services sector. We invite you to join us in anticipation of what promises to be a defining moment for the industry. #FSAwards #FinancialServices #SeptemberGoals #Excellence