Shetal Sharma
Chartered Accountant
Mumbai,MH
Summary
- Experienced business risk and control manager with varied experience in operational risk management, credit analysis and model risk management (governance and controls)
- Strong understanding of the global markets and corporate banking business from a non-financial risk management perspective
- Proven experience in building processes from scratch
- High adaptability to pick new skills
Overview
15
15
years of professional experience
Work History
Team Leader - Qualitative Model Validation
Morgan Stanley
Mumbai
09.2020 - Current
- Build out of the process and team responsible for performing model validations across the Bank for qualitative models that rely on control assessments
- Guide the team and review their validations to provide assurance that the required business process controls and implementation controls are in place
- Challenge business on the controls implemented, highlight unmitigated model risk and recommend controls to plug the gap
- Present validation findings to the Coverage Officers responsible for approving the models
- Maintain a manageable pipeline of model validations for the team, ensuring efficient allocation to the Team
- Communicate with stakeholders across the Bank to ensure model documents are complete, identify any thematic issues for the business
AVP - Control Attestations
Credit Suisse
Mumbai
08.2017 - 08.2020
- Providing central guidance for all Front Office (FO) Operational Risk and Control Framework activities including design, implementation, ongoing monitoring/reporting, and testing/validation of Front Office controls
- Work closely with Global Market (GM) Controls, GM OpRisk and GM Front Office in developing the GM Risk and Controls Framework; including the RCSA process
- Performing tyre-kick/deep dives/thematic reviews into key controls to ensure compliance to process
- Suggest remediation actions by enhancement to existing controls
- Undertake Design Effectiveness Testing [DET] and Operational Effectiveness Testing [OET] for FO controls
Operational Risk Manager
HDFC Bank Limited
Mumbai
09.2015 - 08.2017
- Provide 2nd line challenge to the Corporate Banking and Treasury businesses for managing their Operational Risk.
- Responsible for conducting their Risk and Control Self Assessment Workshops, Key Risk Indicator Monitoring and Mitigation, Incident analysis, scenario mapping and arriving at the overall Operational Risk profile of the Units.
- Approve new products from an operational risk perspective for the Bank.
- Handle adhoc work requests such as review of insurance as a risk transfer mechanism across the Bank
- Conduct thematic reviews such as rogue trading vulnerabilities in Treasury.
Operational Risk Manager - Framework & Governance
Infrastructure Development Finance Company Limited
Mumbai
12.2012 - 09.2015
- Responsible for managing the Operational Risk Management Framework set-up in IDFC Limited.
- Develop the Operational Risk Management Tools (Risk and Control Self-Assessment, Key Risk Indicators, Loss Data Management and Scenario Analysis) to be provided to the Business Operational Risk Managers (line risk managers) for effective management of operational risk in their respective areas of business.
- Perform action tracking for open issues (audit, GORC, BORC) and close the same with support from the Business Units.
- Presentation to the Governance Committees on the operational risk profile of IDFC Group at periodic intervals
Credit Risk Associate
Bank of America
Mumbai
05.2008 - 12.2012
- Evaluate the financial performance of the Bank’s clients through the analysis of economic conditions, industry performance, performance relative to peers and management and corporate governance quality.
- Financial statement analysis using financial statement ratios and assessment of cash flow adequacy levels.
- Set appropriate covenants based on the perceived credit quality and by undertaking income and cash flow projections
- Determine the key credit risks and mitigating factors for the client or transaction being evaluated.
- Write and present financial and industry analysis impacting credit decisions.
- Monitor the assigned portfolio for any credit events and regular earnings releases
Operational Risk Analyst
ICICI Bank Limited
Mumbai
08.2006 - 04.2008
- Implement the operational risk policy within the Treasury function in the Bank
- Ensure awareness on the operational risk management plan within the Bank by imparting appropriate training.
- Scrutinize notes on new products and processes introduced in the bank from an operational risk perspective and
assign an operational risk rating to the product/process.
Education
Chartered Accountant -
Institute of Chartered Accountants of India
Financial Risk Management (FRM) -
Global Association of Risk Professionals
Skills
Operational Risk Management
Control Assurance
Business Risk and Control Manager
Team Management
Credit Analysis
Timeline
Team Leader - Qualitative Model Validation
Morgan Stanley
09.2020 - Current
AVP - Control Attestations
Credit Suisse
08.2017 - 08.2020
Operational Risk Manager
HDFC Bank Limited
09.2015 - 08.2017
Operational Risk Manager - Framework & Governance
Infrastructure Development Finance Company Limited
12.2012 - 09.2015
Credit Risk Associate
Bank of America
05.2008 - 12.2012
Operational Risk Analyst
ICICI Bank Limited
08.2006 - 04.2008
Chartered Accountant -
Institute of Chartered Accountants of India
Financial Risk Management (FRM) -
Global Association of Risk Professionals