Amit Srivastava
Pune
Summary
Senior Risk Management professional with over 15 years of expertise in enterprise risk management encompassing Risk Assessment & Appetite, Basel Retail RWA Oversight, Regulatory and Risk Reporting, Model Risk, Credit Risk, Stress Testing, Capital Planning, Controls Testing, Operational Risk, and Stakeholder Management. Proficient in implementing robust risk management frameworks and delivering in-depth risk assessments to support strategic business objectives.
Overview
9
9
years of professional experience
3
3
Certifications
Work History
Vice President - In Business Franchise Risk - Risk Monitoring Unit
Citi Services India Pvt Ltd
7 2022 - 6 2024
- Managed monthly reviews to articulate Risk Appetite, Stress Loss usage, and Business planning-related analysis to wider stakeholders, including the Board and senior management, detailing high-level insights and technical specifics
- Engaged in firm-wide business planning, ensuring alignment of business growth plans with strategic goals and approved risk limits and monitoring/assessing exposures against enterprise requirements
- Ensured compliance with regulatory reporting requirements, internal review procedures, and all relevant policies including data governance
- Conducted independent reviews and challenges of key capital processes, including regulatory reporting
- Worked with the Risk MIS team to create credit risk reporting decks and portfolio quality review reports and facilitate ad-hoc reporting as required
- Engaged in performing a detailed analysis to identify, assess, escalate, and manage risk exposures across Risk Categories (Credit, Model, Regulatory, Reputational risk, etc.), including material, emerging, and concentration risks following Enterprise Risk Policies and the establishment of Key Risk Indicators (KRIs) to monitor risk exposures
- Managed governance and the facilitation of the execution of the Manager Control Assessment (MCA) or Risk and Control Self-Assessment (RCSA) as required by the MCA Standard including the assessment and appropriate approval of risk associated with business changes
- Led comprehensive risk assessments on new business initiatives, product launches, and change requests, ensuring compliance with retail risk policies and Basel regulations
- Managed team in the quality, completeness, and accuracy of implementing the Control Framework, including Risk Control Policy, Control Standard, Issue Management Policy, and Control Inventory
- Assisted in performing a detailed analysis on identifying the issue's root cause, partnering with control and process owners to recommend holistic remediation actions and monitoring, and providing checks and challenges to ensure appropriate escalation according to Issue Management and Escalation Policies
- Managed E2E corrective action plans (CAPs) closure, issues & actions, map gap analysis to mitigate regulatory compliance risk, drafting ARCM (Activity, Risk, Controls & Monitor) requirements, and controls monitoring
- Managed review/implementation of business change initiatives, prepared BRDs, managed critical milestones for change request implementation, reviewed staging test results (UAT) to assess the impact of business change requests (and model updates), and ensured seamless implementation
- Led periodic review of Citi’s retail portfolios' overall Basel Regulatory Models (Risk Parameters and Product Segmentation), including limitation review, remediation, model documentation update, overlays, and change requests as per internal policies.
Assistant Manager - Business Performance and Analysis - Risk Measurement Team
Barclays Shared Services
11.2016 - 12.2018
- Led end-to-end project management for various stress testing cycles (PRA, EBA, Internal) and managed PRA Returns, ensuring seamless execution and compliance
- Performed continuous monitoring of key RCSA controls for Business Units in line with RCSA standards, and relevant Enterprise and Standard MCA Profiles
- Supported the Country Finance team on the timely completion of Quarterly Risk Assessment (QRA) by effective communication of RCSA monitoring results
- Developed and presented analytical presentations, leading discussions with senior management, finance heads, and independent risk departments as part of the business review and challenge process
- Consolidated and delivered Stress Test Data Framework (STDF) templates in compliance with the Prudential Regulation Authority (PRA) requirements for the Bank of England (BoE) stress tests
- Managed and delivered risk and regulatory reports (Pillar 3) ensuring comprehensive review and timely submissions
- Conduct thematic reviews and address issues related to Treasury risk from internal and external audits and regulatory requirements
- Performed thorough data validation and documentation reviews to maintain high standards of accuracy and compliance
- Conducted regular risk assessments, and scenario analysis to identify potential vulnerabilities and recommended strategic adjustments proactively
- Reviewed and challenged model outputs to improve insights on portfolio and macroeconomic trends, enhancing decision-making processes
- Prepared and presented detailed risk reports to executive leadership, highlighting emerging risks and proposing effective mitigation strategies
- Ensured accuracy and compliance of the firm's internal systems (Oracle Hyperion Planning tool) with approved financial metrics
- Facilitated collaboration with finance teams to coordinate annual budgets (STP) and Medium-term planning (MTP), including the annual multi-year forecast and internal stress tests.
Assistant Manager - Business Performance and Analysis - Risk Measurement Team
Barclays Shared Services
11.2016 - 12.2018
- Drove enhancements in performance management by providing actionable insights into underlying drivers of RWA changes, and identifying risks and opportunities related to budget planning
- Provided subject matter expertise, guidance, and challenge to Risk and Control Owners
- Consolidated and presented key metrics of Capital (EC/EL), RWAs, and Impairments for retail portfolios in the UK, conducting detailed analyses to explain primary drivers for Credit Risk Exposures and engaging in budget discussions with Credit Risk Teams, Finance, Finance Business Partners, and Treasury
- Reviewed and critically assessed forecast results and outlooks, ensuring accuracy, and facilitating necessary corrections to maintain integrity in financial reporting
- Maintained robust processes for reviewing, challenging, and validating input data for high-profile presentations, including the Group Executive Committee, Monthly Business Review, and Risk Management Committee decks
- Produced and delivered comprehensive reports to Risk Executives and senior leaders, preparing detailed presentations and reports based on impairment and RWA data
- Supported Personal & Corporate Banking forecasting teams with planning and stress-testing, ensuring effective communication with internal and external stakeholders (Group Risk, Finance, and Treasury)
- Developed and maintained strong relationships with stakeholders to effectively manage Treasury risk
- Managed data loading into the internal database (Essbase), conducted thorough reviews for accuracy, and coordinated approval processes
- Ensured strict adherence to governance, risk policies, and compliance protocols
- Established and maintained effective working relationships with key stakeholders across various departments, including Credit Risk Exposures Forecasting and Actuals, BP&A Finance Teams, Finance Business Partners, Treasury, and Group Risk.
Assistant Manager - Governance & Control Team - Risk Measurement Team
Barclays Shared Services
07.2015 - 10.2016
- Recommended and challenged the Risk and Control Self-Assessment (RCSA) and application for UK retail portfolios
- Engaged with various teams within Credit Risk and collaborated cross-functionally with Group Risk and Finance to support the Barclays UK semi-annual and annual results announcement process, including validating and reviewing credit risk metrics
- Drove full audit of EUDA policy across Credit Risk teams, EUDA identification and criticality assessment, and developed internal control procedures to ensure adherence to this compliance policy
- Managed maintenance and review of the centralized EUDA register, control inventory, and testing outcomes
- Drove ISO 270001 audit across Retail portfolio teams with a focus on developing an operational resilience framework
- Managed the delivery of regulatory returns in compliance with PRA guidelines, including PCRL and sector-specific reports such as FSA015 and FDSF, while coordinating with Finance to reconcile impairment and capital positions
- Supported and facilitated the delivery of capital and impairment attestations
- Produced detailed narratives to explain financial figures and movements, enhancing understanding and transparency for stakeholders
- Ensured that all activities were conducted in full compliance with regulatory requirements, internal control frameworks, and organizational policies and standards.
Senior Analyst - Operational Risk - Control Environment Centre of Excellence (CECoE)
Barclays Shared Services
01.2012 - 06.2015
- Defined key risk Indicators (KRIs), key performance indicators (KPIs), and key control indicators (KCIs) to manage business risks (Operational, fraud, people, technology, etc.) for Barclays UK Retail Operations Team in collaboration with stakeholders and process owners
- Prepared Risk Control Self Assessments (RCSAs) and executed risk assessments, which involves identifying and analyzing operational risks in the business process
- Served as the central point of contact for all operational risk-related matters, facilitating issue resolution across the firm
- Managed risk and control assessment activities to proactively identify, assess, and mitigate risks
- Prepared Risk Control Self Assessments (RCSAs), recorded firm-wide risk events and managed Dispensations, Waivers, and Breaches (DWBs) on operational risk platforms
- Prepared detailed and comparative analysis of Risk Events, RCSAs, Issues, and Actions data
- Managed ORAC (Operational Risk and Control) support and governance activities as planned by Operational Risk Central Services
- Maintained firm-wide Operational Risk Events and DWBs (Dispensation, Waivers, Breaches) on OPUS (Open Pages Unified System) and ORAC (Operational Risk and Control)
- Reviewed risk events and their financial/non-financial impacts on the business
- Evaluated claims and explored potential recovery opportunities to minimize net losses
- Maintained high daily and monthly performance standards related to quality and productivity
- Monitored and reported non-compliance actions within business units, identifying and reporting gaps to senior management
- Prepared and published monthly reports on operational risk events and loss data, contributing to raising awareness of risks and implementing mitigation strategies across the organization.
Advisor/Analyst - Barclaycard Risk Operations
Barclays Shared Services
06.2010 - 12.2011
- Managed database for various critical reports that helped to find trends and analyze various factors affecting quality levels
- Performed short & long-term forecasting analysis and standardized fraud analysis
- Investigated, reported, and monitored Barclaycard and partnership product applications to identify fraud trends
- As a subject matter expert, managed and drove the qualitative performance of the team aligned to the team’s performance goals and business objectives
- Prepared and published monthly reports on fraud risk data, reviewed fraud detection fails in the monitoring activities, & assisted in implementing controls to contribute to risk awareness and mitigation strategies across the organization.
Advisor/Specialist Support
Capital One (Convergys India)
10.2009 - 06.2010
- Managed database for various critical reports that helped to find trends and analyze various factors affecting quality levels
- Performed short & long-term forecasting analysis and standardized fraud analysis
- Investigated, reported, and monitored Barclaycard and partnership product applications to identify fraud trends
- As a subject matter expert, managed and drove the qualitative performance of the team aligned to the team’s performance goals and business objectives
- Prepared and published monthly reports on fraud risk data, reviewed fraud detection fails in the monitoring activities, & assisted in implementing controls to contribute to risk awareness and mitigation strategies across the organization.
Education
Master of Business Administration (MBA) in Financial Management -
ICFAI University, Sikkim (Institute of Chartered Financial Analysts of India)
Bachelor of Science (BSc) - undefined
Punjab Technical University
Skills
Financial Services / Banking Industry
Risk & Controls Assessment
RWA and Risk Appetite Oversight
Operational Risk
Basel
Stress Testing
Business Planning & Analysis (BP&A)
Regulatory and Risk Reporting
Credit Risk
Governance and Controls
Conformance Testing
Cross-functional Collaboration
Stakeholder Management
Team Leadership and Development
Project Management
Certification
Operational Risk Manager, International Association (PRMIA), https://www.credential.net/ead820a3-b113-488e-815a-b7a0eca2892e
Timeline
Assistant Manager - Business Performance and Analysis - Risk Measurement Team
Barclays Shared Services
11.2016 - 12.2018
Assistant Manager - Business Performance and Analysis - Risk Measurement Team
Barclays Shared Services
11.2016 - 12.2018
Assistant Manager - Governance & Control Team - Risk Measurement Team
Barclays Shared Services
07.2015 - 10.2016
Senior Analyst - Operational Risk - Control Environment Centre of Excellence (CECoE)
Barclays Shared Services
01.2012 - 06.2015
Advisor/Analyst - Barclaycard Risk Operations
Barclays Shared Services
06.2010 - 12.2011
Advisor/Specialist Support
Capital One (Convergys India)
10.2009 - 06.2010
Vice President - In Business Franchise Risk - Risk Monitoring Unit
Citi Services India Pvt Ltd
7 2022 - 6 2024
Master of Business Administration (MBA) in Financial Management -
ICFAI University, Sikkim (Institute of Chartered Financial Analysts of India)
Bachelor of Science (BSc) - undefined
Punjab Technical University
Operational Risk Manager, International Association (PRMIA), https://www.credential.net/ead820a3-b113-488e-815a-b7a0eca2892e
Professional Risk Manager, International Association (PRMIA), https://www.credential.net/ead820a3-b113-488e-815a-b7a0eca2892e
International Association (PRMIA) Certificate, https://www.credential.net/ead820a3-b113-488e-815a-b7a0eca2892e
Similar Profiles
SAIGEETHA KorallaSAIGEETHA Koralla
Assistant Vice President at Citi Services India Pvt LtdAssistant Vice President at Citi Services India Pvt Ltd
Bhavesh LogadBhavesh Logad
Senior Operations Support Specialist at Citi Services India Pvt Ltd (CSIPL)Senior Operations Support Specialist at Citi Services India Pvt Ltd (CSIPL)
Ashish ManeAshish Mane
Manager (C11) at Citi Services India Pvt LtdManager (C11) at Citi Services India Pvt Ltd