Regulatory reporting is a discipline where detail matters. Deadlines are tight, data must be reliable, requirements can change, and every submission needs to stand up to scrutiny.
For Veronica Pasumarthy, Head of Assurance & Operational Risk, Regulatory Reporting at Funds-Axis, the role is about bringing structure, judgement and confidence to that environment.
With more than two decades of experience across financial services, Veronica has worked in Compliance and Operational Risk roles at global firms including Invesco, HSBC and UBS. That background has shaped the way she leads today: calm under pressure, focused on accountability, and clear about the importance of getting the details right.
“Regulatory reporting is much more than producing a file or meeting a deadline,” Veronica says. “It is about having a process that people can trust, from the data that goes in through to the evidence that supports the final submission.”
Building on Experience
Veronica’s career has given her first-hand experience of complex, highly regulated environments. She understands the pressure of regulatory deadlines, the importance of strong controls, and the practical reality of working across compliance, risk, operations, data and technology teams.
That experience now informs how she leads the Regulatory Reporting function at Funds-Axis. Her role combines assurance, operational risk and delivery oversight across the reporting lifecycle. In practice, that means helping ensure client reporting is accurate, controlled, reviewed and supported by a clear audit trail.
It also means building teams and processes that can respond effectively when requirements evolve, data questions arise, or clients need support under pressure.
What Veronica Does at Funds-Axis
Veronica leads the Regulatory Reporting team, supporting clients across obligations such as AIFMD Annex IV, Form PF, US 13F and other global filings.
Her team works across the full reporting process: reviewing data inputs, applying regulatory requirements, supporting calculations, managing validations, preparing outputs, resolving queries and helping ensure submissions are ready for review and filing.
The objective is straightforward: give clients the trust and confidence that their reporting process is controlled, repeatable and transparent.
“In this area, small issues can quickly become significant if they are missed early,” Veronica says. “A large part of our work is making sure there is clarity, ownership and evidence at every stage.”
Helping Clients Manage Complexity
One of the main challenges Veronica’s team helps clients address is the complexity of regulatory reporting across multiple jurisdictions, fund structures and reporting regimes.
Many firms come to us with fragmented processes, manual checks, spreadsheets, email-based reviews and late-stage reconciliation. That creates operational pressure, particularly when deadlines are close or data is incomplete.
Funds-Axis helps address this through Galaxy, its regulatory technology platform. For regulatory reporting, Galaxy brings key elements of the process into one controlled environment, including data uploads, validations, calculations, taxonomy alignment, XML-ready outputs, review workflow and audit evidence.
For Veronica, the value lies in reducing uncertainty.
“When clients are dealing with complex filings, they need to know where they are in the process, what has been checked, what still needs attention, and who has approved what,” she explains. “That visibility makes a real difference.”
Stronger Controls and Clearer Evidence
A key part of Veronica’s role is ensuring that regulatory reporting is supported by strong operational controls.
Her team monitors regulatory developments, assesses reporting impacts, responds to client queries and works with product and technology colleagues to embed changes into practical workflows.
That work requires both regulatory understanding and operational discipline. Requirements need to be interpreted accurately, and decisions need to be evidenced.
This is where Veronica sees the link between assurance and client trust.
“A good process should help people see what happened, why it happened, and how the outcome was reached,” she says. “That is important for internal governance, client oversight and regulatory confidence.”
How Galaxy Supports the Reporting Lifecycle
For Veronica, Galaxy is valuable because it connects the moving parts of regulatory reporting: data, rules, calculations, workflow, review, outputs and evidence.
Instead of managing these steps across disconnected tools, Galaxy allows clients and Funds-Axis teams to work through a more structured process. Data can be uploaded and validated. Calculations can be performed within the system. Outputs can be aligned to regulatory taxonomies. Complex XML files can be generated automatically for submission. Review steps and approvals can be captured along the way.
One capability Veronica particularly values is the platform’s multi-layered validation and governance framework. This supports checks at different stages of the process, helping identify issues earlier and giving teams greater confidence before submission.
“The technology matters because it gives structure to the process,” Veronica says. “The real strength comes from combining technology with experienced people who understand the regulatory and operational context.”
Collaboration Across Teams
Regulatory reporting depends on collaboration. Veronica’s team works closely with data, technology, product and client-facing colleagues to translate regulatory requirements into practical solutions.
That collaboration is essential because reporting issues rarely sit neatly in one place. A data question may have a technology impact. A regulatory change may require a workflow update. A client query may highlight an opportunity to improve guidance, validation or control design.
Veronica sees this cross-functional approach as one of the strengths of Funds-Axis.
“The best outcomes come when people work together early,” she says. “When regulatory knowledge, technology, data and client experience are connected, we can solve problems more effectively.”
Building Trust
Some of Veronica’s most rewarding moments have come during high-pressure reporting scenarios, particularly where clients have faced complex AIFMD Annex IV filings, tight deadlines, data limitations or areas of regulatory ambiguity.
In those situations, her team’s role is to bring structure and focus. That means aligning stakeholders, working through the issues, prioritising what matters, and helping clients reach a reliable outcome.
“Pressure situations test the strength of your process and your team,” Veronica says. “When you can help a client through that and deliver a controlled outcome, it builds trust.”
For Veronica, that trust is one of the most important measures of success.
Life at Funds-Axis
Veronica describes life at Funds-Axis as dynamic, challenging and highly collaborative.
The work sits across regulation, technology and client delivery, which means no two days are exactly the same. Teams are trusted to take ownership, solve problems and contribute to continuous improvement.
Precision is important, and so is adaptability. Regulatory reporting requires careful attention to detail while giving teams the flexibility to respond to new requirements, client priorities and market developments.
For Veronica, that combination makes the work meaningful.
“There is always something to improve, clarify or strengthen,” she says. “That is what keeps the role interesting.”
Looking Ahead
Veronica is closely watching the continued shift towards more digital, structured and data-driven regulatory supervision.
Regulators are increasingly focused on data quality, auditability, machine-readable submissions and stronger evidence of control. As expectations rise, firms will need reporting processes that can support earlier validation, clearer ownership and better oversight.
“The direction of travel is clear,” she says. “Firms will need stronger data, better controls and more transparent processes. Reporting will become more integrated with the wider operating model.”
Galaxy is well placed to support that shift by helping clients manage reporting through structured workflows, embedded controls and clear audit evidence.
Beyond the Role
Outside work, Veronica is a mother of three, a role she says has strongly influenced how she leads. Parenthood has reinforced the importance of resilience, patience, prioritisation, empathy and calm decision-making under pressure.
She also enjoys sketching, art, music and films, which give her space to unwind and stay balanced.
One Piece of Advice
The best advice Veronica received came from her mentor:
“Spot the ghosts inside your mind. Either fight them or make peace with them, but never quit.”
For Veronica, it is a reminder that self-doubt and uncertainty are part of growth. What matters is resilience, self-awareness and the willingness to keep moving forward.
