Alok Bhise
Mumbai
Summary
Senior Risk Audit professional with 13+ years of experience across global investment banking, asset management and fintech institutions including JPMorgan Chase, Credit Suisse, M&G plc and Revolut.
Currently serving as Associate Vice President in Internal Audit (Third Line of Defence), leading global audits across Risk Management, Treasury & CIO, Compliance and Capital frameworks within Corporate Functions.
Strong expertise in Risk Management audits, Design & Operating Effectiveness testing, Risk Governance, CCAR/ICAAP capital methodologies, Scenario Analysis, and Issue Validation. Proven ability to lead cross-regional audits, challenge control environments, and influence senior stakeholders while delivering within timelines and budget.
Overview
16
16
years of professional experience
1
1
Certification
Work History
Associate Vice President
JPMorgan Chase Bank
Mumbai
10.2023 - Current
- Lead and execute global Risk Management audits within Corporate Functions under the Third Line of Defence model.
- Perform end-to-end audit lifecycle(Planning, Fieldwork and Reporting) including risk assessment, process walkthroughs, and identification of key risks and controls.
- Conduct Design & Operating Effectiveness testing across Treasury & Chief Investment Office, Operational Risk, Model Risk, Regulatory Compliance and Capital frameworks.
- Audit CCAR and Operational Risk Capital methodologies, including qualitative scenario models and loss forecasting assumptions.
- Evaluate governance frameworks, policies and regulatory compliance across global entities.
- Perform thematic reviews to identify emerging risks and control gaps.
- Draft audit reports and present findings to senior stakeholders (ED/MD level).
- Collaborate with SMEs across the Risk space during integrated audits.
Senior Risk Manager
Revolut
Mumbai
10.2022 - 10.2023
- Led Operational Risk Management framework enhancement across business units.
- Conducted Risk & Control Self-Assessments (RCSA) and evaluated control design and effectiveness.
- Managed risk incident governance with root cause analysis and remediation oversight to mitigate future incidents.
- Executed scenario analysis to evaluate forward-looking risk exposure and inform strategic decision-making.
- Performed independent control testing and supported regulatory readiness initiatives.
- Strengthened risk culture through governance enhancements, engaging senior stakeholders to foster accountability.
Senior Manager - Risk & Assurance
M&G Global Services
Mumbai
11.2016 - 10.2022
- Provided independent assurance over Operational Risk frameworks, governance processes and control environments within Asset & Investment Management.
- Conducted risk-based reviews of control design and operating effectiveness across investment and corporate functions, enhancing overall risk management.
- Supported ICAAP and Capital assessment assurance activities including capital modelling reviews.
- Conducted thematic reviews and deep-dive operational audits identifying systemic control weaknesses.
- Drafted reports for senior management and Audit Committees, shaping remediation strategies and facilitating informed decision-making.
- Developed and implemented Reputational Risk Framework and governance reporting, strengthening organizational risk oversight.
Senior Risk Analyst
Credit Suisse
Mumbai
12.2014 - 11.2016
- Experienced in Operational Risk Management, including end-to-end oversight of risk identification, assessment, and reporting.
- Skilled in Operational Risk incident reporting ensuring timely escalation, analysis, and governance.
- Developed risk assessment reports for senior management review.
- Strong background in the implementation and enhancement of Operational Risk policies and frameworks to strengthen organisational resilience.
Assistant Systems Engineer
Tata Consultancy Services
08.2010 - 06.2012
- Developed software solutions for Bank of America, enhancing system functionality.
- Worked on mainframe platform, supporting critical banking operations.
- Collaborated with cross-functional teams to design and implement software solutions.
Education
MBA - Finance
K.J. Somaiya Institute of Management Studies And Research
Mumbai05-2014
B.Tech/B.E. - Information Technology
K J Somaiya College of Engineering
Mumbai06-2010
Skills
Risk Audit & Governance
- Internal Audit (Third Line of Defence)
- Risk Management Function Audit
- Risk Assessment & Annual Audit Planning
- Operational Risk, Model Risk, Liquidity Risk & Compliance Risk
- Market & Credit Risk Framework exposure
- Operational Risk Capital
- CCAR & ICAAP
- Scenario Analysis & Stress Testing
- Qualitative Model Review & Loss Forecasting
Audit Execution
- Process Walkthroughs & Risk Identification
- Design & Operating Effectiveness Testing
- Control Testing & Root Cause Analysis
- Audit Report Drafting & Executive Communication
- Stakeholder Management (MD/ED level)
- Global Integrated Audits
Data & Analytics
- Data-driven audit testing
- Advanced Excel
- Power BI for visualization
Total Work Experience
13 Years 6 Months
Certification
Certified Fiduciary & Investment Risk Specialist
Timeline
Associate Vice President
JPMorgan Chase Bank
10.2023 - Current
Senior Risk Manager
Revolut
10.2022 - 10.2023
Senior Manager - Risk & Assurance
M&G Global Services
11.2016 - 10.2022
Senior Risk Analyst
Credit Suisse
12.2014 - 11.2016
Assistant Systems Engineer
Tata Consultancy Services
08.2010 - 06.2012
MBA - Finance
K.J. Somaiya Institute of Management Studies And Research
B.Tech/B.E. - Information Technology
K J Somaiya College of Engineering