Vikram S. Thakur

Finance Manager at Shell


I am a proactive, adaptable Finance Manager with an MBA and ~18 years international experience in leading diverse and increasingly virtual finance teams towards value delivery, cost management, financial risk management, financial control, organizational change, process re-engineering and compliance in Energy, Steel, telecom and banking sectors across Europe, Asia, Latin America and Caribbean. I have been a consistent performer in roles as diverse as a middle manager in commercial banking to leading complex financial risk projects to finance in the business supporting value delivery/cost management.  I am an effective communicator with proven relational leadership skills, demonstrated consistently in working with all levels of stakeholders globally.

Key Skills

  • Business partnering and business performance management: Through my role as finance advisor, I have successfully supported Shell Trading leaders on a global ops portfolio that delivers a major chunk of Shell's earnings. I demonstrated good balance of challenge and support while dealing with senior leaders of Shell group, while earning their respect by cutting through complexity to drive change with a view to deliver global earning targets.
  • Commercial banking/Cash: Prior to joining Shell, I worked in banking sector for seven years. Key areas – financing (example - micro and mini power projects), trade finance, risk management, commercial banking which included term and working capital lending to small and medium enterprises, banker to small or niche banks by facilitating capital market support for small and cooperating banks.
  • Risk Management, Finance Controls, Compliance and Assurance/Audit – Effectively demonstrated and deepened my skills via my role in Shell Internal Audit and previously, led finance teams to design and deploy financial controls during large scale ERP systems change. Prior to Shell, in banking Industry, I was part of team that performed a risk weighted review of bank’s asset portfolio to comply with Capital adequacy norms per Basel II accord.
  • Projects, Process and Data Management: As part of Downstream ERP deployment, I designed and deployed financial processes and controls, specialising in Hydrocarbon Supply Chain and inventory management. Prior to Shell, in a consulting role, I helped a Steel major (ArcelorMittal) during a merger to re-engineer and integrate their finance processes and financial controls.


Temperate Horticulture, Hiking, Himalayan eco-system, South Asian Geo-politics, Shooting, Snooker, Cricket and all things metaphysics.

Work History

Work History
Jun 2013 - Present

Sr. Finance Advisor - Shell Trading & Supply

Royal Dutch Shell

I am advising /supporting the Shell Trading and Supply Vice President in efficient management of supply chain. Primary focus on leading/supporting and delivering global initiatives to improve supply chain financial performance through regional business teams.
a. Scope of role in numbers: Opex: $3billion, Capex $0.8bln, Working Capital $3.5bln. Global footprint across trading and Supply/Distribution.
b. Geographical Scope: Global organization with trading offices in major oil trading hubs and supply chain network (depots/terminals etc) across the globe services the Retail and Wholesale businesses of the company.

c. Additionally, I play FM role as member of leadership team for trading middle office with ~650 employees with global scope supporting Oil and Gas trading desks.


  • Received an Executive Vice President Award nomination for a pathfinder project to improve transparency of costs by trading desk and facilitated leadership challenge to further improve our competitiveness in balancing additional value and reduced costs. 
  • As part of the Trading and Supply merger, developed performance management metrics for newly formed Operations organization.
Jan 2011 - Jun 2013

Finance Auditor

Royal Dutch Shell

I worked as part of Shell Group's global audit function responsible for providing quality insights, critical judgment with regards to the group financial control framework. My role included leading and participating in financial audits in following areas of specialization:

  • Finance (Downstream Finance in Business, Finance Operations)
  • Downstream (Hydrocarbon Supply Chain, Lubricants and Joint Venture Governance)
  • Regulatory risk, Ethics and Compliance. (Anti Money Laundering, Anti bribery and corruption, Counter party risk managment and trade controls)

Achievement: I Led the transformational continuous auditing pilot in  Hydrocarbon Supply Chain Management in Shell. The project involved designing an automated continuous auditing process for financial control montoring finance process.  I received special recongnition from Audit Function.

Mar 2007 - Dec 2010

Country Lead - France and Italy (2009 to 2010), Finance Controller/ Analyst, UK & BENELUX (2007 to 2008)

Royal Dutch Shell

I led a global team of finance professionals to review financial risk and design /deploy a fit for purpose financial Control framework (ERP/SAP) for Shell in Italy and France. This was necessitated by a transformational change for Shell via deployment of a business-wide SAP deployment and process re-engineering. The key responsibilities included re-organization of finance processes, migration of financial processes to shared service centres, roll-out of a new global organizational design, redesign of financial authorities and segregation of duties.

The key activities and deliverables were:

  • Design and Deploy financial Controls for global in France and Italy across all key process areas (e.g. Hydrocarbon Supply Chain, Procurement, customer billing etc.).
  • Lead the internal assurance/Audit cycle after the re-organization post Go-live with a view to provide assurance on design and operational effectiveness of financial and business controls for SOX attestation.
  • Manage key Stakeholders with competing priorities (e.g. Country CFOs, Country Chair, Global Program Manager, Global Financial Risk Manager).
  • Lead the design of localized solution where standard SAP process didn't fit due to business, Legal/fiscal, Regulatory requirement.

 Achievements: I successfully led Shell France and Italy's financial controls design/deploy program within budget and time during this assignment and was bestowed with corporate Special Recognition Award 2008-2009.

Aug 2005 - Feb 2007

Senior Finance Consultant - Compliance

3i Infotech UK

At 3i Infotech, I was responsible for leading Risk Management, Regulatory compliance and audit projects at client locations (Primarily ArcelorMittal Steel).

Finance process engineering to ensure fit for purpose financial processes are in place to drive accuracy and completeness of financial and management accounts.

Key accounts: ArcelorMIttal (AM) Steel and Cable and Wireless in Europe, Latin America and  Asia. Also, helped AM during the merger to integrate financial processes and control to mitigate financial risk during transition.

Achievements: I was able to considerably exceed client expectations during the first year, resulting in a robust run and maintain control environment in central Eastern Europe (Poland and CZ). The achievements were acknowledged at the highest level in the client organisation and I was entrusted the task to manage the financial process integration and control design process during merger and support senior management in setting up a world class risk/control function.

Jul 2004 - Jul 2005

Finance Consultant/ Project Manager

Lloyds TSB Bank (Consultant)

I led a team consultants (10 FTEs) towards business process re-engineering and Compliance programme for BaselI and Sox. The key areas of responsibility were:

  • Operational, Market and Credit risk assessment of asset portfolio to adjust risk weighted Capital adequey structure.
  • Process and financial Risk analysis, aimed to develop fit for purpose financial controls to mitigate operational and financial statement risks. Includes Application embedded and EUC controls. Develop training for end users.
  • Auditor Engagement.
Jul 1998 - May 2004


Banking Industry (ICICI Bank, HDFC Bank, Axis Bank)

Joined as a trainee (graduate program) in the Banking industry upon completion of MBA; between 1998-2004, worked at HDFC Bank, ICICI Bank and Axis Bank , in middle management positions leading teams of four to 25 at different times/locations). 

Key Areas of expertise/responsibility

  • Commercial Banking (various roles) – Accountability for leading geographical portfolio of asset and liability products with full life cycle management under one roof (from business development, operations, performance management and compliance).
  • Trading Finance – Guarantees, LCs
  • Financing – Some examples being - Working capital, Cash Credit/overdrafts against balance sheet items, Term Loans, agri-business, development agency funded rural/Agri-business projects, turnkey project financing for small and medium enterprises.
  • Inter-bank services and Cash Management – Banker to smaller regional/local/cooperative banks, providing liquidity management, Cash Management and money market placements for surplus funds.
  • Third party products – Manage Capital market products and related brokerage services.
  • Projects in Banking - Functional expert, in development of first fully functional Internet banking website in Indian Banking industry in 1999. migration to online core banking system.