Akshay Sharma
Risk And Compliance
New Delhi
Summary
Experienced Risk Management & Compliance Professional | Expertise in Risk and compliance, Internal Audit, Second-Line Audits, and Cross-Market Collaboration (India, UK, Nordic Countries)
Overview
11
11
years of professional experience
5
5
years of post-secondary education
Work History
Senior Manager
American Express Banking Corp.
08.2024 - Current
- Develop the Risk Appetite Framework (RAF) Metrics: Establish and define comprehensive RAF metrics to ensure effective oversight of various operational risk areas across the bank, enabling proactive risk management and decision-making.
- Manage the Risk Management Committee: Lead the Risk Management Committee, which functions as the second-line escalation body for the bank, ensuring timely and effective responses to significant risk issues and providing strategic guidance on risk-related matters.
- Single Point of Contact for Safety and Soundness Compliance: Act as the primary liaison for all safety and soundness-related compliance matters, ensuring that the bank adheres to all regulatory standards and internal controls to maintain financial stability and operational resilience.
- Oversee and Monitor First-Line Controls: Track and evaluate the effectiveness of first-line controls through the use of risk metrics, regular reviews, and governance committee oversight, ensuring robust control mechanisms are in place across the organization.
- Advise on RBI Circulars and Control Implementation: Provide expert advice on various Reserve Bank of India (RBI) circulars and regulatory updates, ensuring that the appropriate controls are implemented to meet compliance requirements and address emerging risks.
- Devise the Bank’s Risk Management Strategy: Develop and implement a comprehensive risk management strategy to ensure all risk types are continuously monitored and managed, aligning with the bank's risk appetite and regulatory requirements.
- Collaborate with the Regulator for Exam and Interaction Management: Serve as the primary point of contact for the regulator during examinations and other regulatory interactions, ensuring smooth communication and collaboration during these activities to meet compliance expectations.
- Implement the Risk Management Framework: Successfully deploy the risk management framework across the bank, identifying and mitigating potential threats to project success and overall operational performance, ensuring the framework is aligned with organizational goals.
Manager
American Express Banking Corp.
07.2022 - 08.2024
- Provide comprehensive oversight and guidance on the identification, assessment, and management of all types of risks (including credit, market, operational, and liquidity risks) across the bank.
- Ensure that risk management activities align with the bank’s overall strategic goals and risk appetite, and that proper mitigation strategies are implemented and monitored.
- Responsible for monitoring and oversight of Operational risk metrics for the bank
- Ensure that the bank adheres to all safety and soundness regulations and guidelines, which are designed to safeguard the financial stability of the institution. This involves regularly reviewing regulatory frameworks, assessing internal controls, and overseeing compliance programs to ensure the bank’s risk management practices are robust, up-to-date, and compliant with applicable laws and industry standards.
- Take the lead in managing relationships with regulatory bodies, ensuring that the bank complies with regulatory requirements and proactively addresses any issues raised by regulators.
- Govern the bank’s policies and procedures from a second-line risk management perspective. This includes ensuring that the policies are properly developed, maintained, and enforced.
- Lead and coordinate governance activities within the risk management team, ensuring that best practices are followed.
- Provide leadership and strategic direction to the risk management team, ensuring that the team is well-equipped to execute its responsibilities effectively. Foster a collaborative and high-performance environment, supporting the professional development of team members through mentorship, training, and performance management. Manage the recruitment, retention, and performance of the team to build a capable, motivated, and engaged workforce.
Compliance Analyst (Assistant Manager)
American Express India
02.2020 - 07.2022
- Performed complaince reviews for various areas of law such as Anti Money Laundering, Privacy and Sanctions to assess compliance with local and company wide regulatory standards.
- Enhanced regulatory, strategic and operational framework and suggested areas of improvement by way of findings.
- Reviewed processes and systems for compliance and privacy-related issues.
- Ensuring compliance of the regulatory framework by business through applicable audit methodology, practices,and compliance reports to mitigate the risks.
- Support action plan management for multiple markets.
- Stakeholder management with the business and line of business compliance officers to align the compliance gaps and agreement on the designed action plans.
Assistant Manager
Genpact Enterprise Risk Consulting
07.2017 - 02.2020
- Assessing banking operations to identify operational risks and implementation of controls. Testing of operational controls for client servicing - Retail and corporate banking.
- Delivered a transformation project on Loss event management.
- Experience in creating SOPs, stream lining processes and implementing new risk strategies for the client.
- Facilitated internal audits and prepared detailed reports on findings.
- Identified control gaps in processes, procedures and systems through in-depth research and assessment and suggested methods for improvement.
- Completed audit papers by thoroughly documenting audit tests and findings.
- Identified management control weaknesses and provided value added suggestions for remediation.
- Evaluated design and operating effectiveness of audit areas.
Associate Analyst
Ernst & Young Global Shared Service
12.2013 - 09.2014
- Mitigate the internal risks of the firm associated with accepting new client,an engagement or ongoing audit/non-audit engagements by the engagement teams.
- Provide support to the risk management process of the company and objectivity by identification, documentation ,disclosure and resolution procedures by using internal databases.
- Liaison between client teams and global teams.
Education
Post Graduate Diploma In Management (MBA) - Finance
Lal Bahadur Shastri Institute of Management
New Delhi 03.2015 - 03.2017
Bachelors Of Arts - Economics
Motilal Nehru College, University of Delhi
New Delhi 05.2010 - 05.2013
Timeline
Senior Manager
American Express Banking Corp.
08.2024 - Current
Manager
American Express Banking Corp.
07.2022 - 08.2024
Compliance Analyst (Assistant Manager)
American Express India
02.2020 - 07.2022
Assistant Manager
Genpact Enterprise Risk Consulting
07.2017 - 02.2020
Post Graduate Diploma In Management (MBA) - Finance
Lal Bahadur Shastri Institute of Management
03.2015 - 03.2017
Associate Analyst
Ernst & Young Global Shared Service
12.2013 - 09.2014
Bachelors Of Arts - Economics
Motilal Nehru College, University of Delhi
05.2010 - 05.2013
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