ANAND BHAT

• Oversee the Operational Risk Management activities within retail banking and support units to ensure effective risk identification, assessment, and mitigation.
• Present thematic review findings and insights to Senior Management, facilitating informed decision-making.
• Review root cause analyses of material operational events, providing recommendations for risk mitigants to address identified gaps.
• Develop an independent perspective on material operational risks identified by various business units, ensuring objectivity and comprehensive risk evaluation.
• Challenge and assess the relevance and consistency of how business units implement Operational Risk Management tools, promoting best practices and continuous improvement.
• Oversee compliance with audit requirements and regulatory standards, ensuring adherence and timely closure of any identified issues.
• Manage deliverables for Management Committees related to the assigned business units, ensuring accurate and comprehensive reporting.
• Design and deliver operational risk training programs to enhance risk awareness across teams and foster a strong risk culture within the organization.

Core Responsibilities:

• Established and maintained policies, frameworks, and processes for the measurement and monitoring of Operational Risk, including Key Risk Indicators (KRI), Loss Data, Risk and Control Self-Assessments (RCSA), and Scenario Analysis.
• Managed Capital Requirements for Operational Risk under the Standardized Approach and conducted Stress Capital analyses to ensure adequacy.
• Oversaw audit processes and ensured compliance with regulatory standards and internal policies.
• Led management and committee reporting deliverables, providing critical insights into operational risk metrics and mitigation strategies.
• Ensured the effectiveness of IFC controls and managed projects within critical units from an Operational Risk perspective.
• Evaluated and optimized the Operational Risk Management System (ORMS) to enhance risk identification, assessment, and mitigation.

Key Accomplishments:

• Developed a comprehensive Operational Risk Dashboard for the Chief Risk Officer (CRO), facilitating real-time risk monitoring and informed decision-making.
• Conducted a detailed gap analysis of existing processes against the updated Reserve Bank of India (RBI) Guidance Note on Management of Operational Risk, identifying areas for improvement and aligning practices with regulatory expectations.

- Managed the operational risk framework of the bank, ensuring comprehensive identification, assessment, and mitigation of operational risks.
- Led ICAAP-related initiatives focused on operational risk, aligning capital requirements with risk exposure.
- Served as Project In-Charge for the evaluation and implementation of a new operational risk management system, improving risk monitoring capabilities.
- Section Head for Operational Risk, overseeing critical activities including:
- Maintenance and analysis of the Bank’s Operational Risk Loss Data.
- Key Risk Monitoring at both bank-wide and unit-specific levels.
- Conducting RCSA (Risk & Control Self-Assessment) for designated units.
- Calculating and monitoring Operational Risk Appetite.
- Performing Operational Risk stress testing and scenario analysis for low-frequency, high-impact events.
- Leading thematic reviews for high-priority units to ensure robust risk controls.
- Recognized for contributions through:
- Inter-bank forum participation, sharing expertise on scenario analysis, stress testing methodologies, and pandemic-related loss impact assessments.
- Receiving appreciation from the Reserve Bank of India (RBI) for adherence to processes and guidance on Standardized Approach methodology for capital calculation.
- Recreated a decade-long Operational Risk Loss Data set for erstwhile HDFC Ltd, in compliance with RBI’s Master Direction on Minimum Capital Requirements.
- Played a key role in establishing the Operational Risk Management framework for subsidiary entities, ensuring consistency and robustness across the organization.

Treasury & Risk Management Specialist

• Credit Risk & Compliance Monitoring: Responsible for setting up and continuously monitoring credit risk limits and compliance parameters for the treasury portfolio, ensuring adherence to regulatory and internal standards.
• Portfolio Valuation & Forex Income Analysis: Conduct monthly valuation of the forex portfolio, calculating month-to-date (MTD) and year-to-date (YTD) forex income, providing insights into profitability and performance trends.
• Variance Analysis & Reporting: Investigate significant fluctuations in MTD forex profit/loss (P/L), identify underlying causes, and communicate findings to the finance team for further action.
• Process Evaluation & UAT: Assess existing treasury processes for efficiency and effectiveness, and lead User Acceptance Testing (UAT) for new or revised processes to ensure smooth implementation.
• Regulatory & Management Reporting: Review critical month-end and quarter-end reports, including data submissions to regulatory bodies such as RBI (e.g., DSB, XBRL, D-SIB, FSI reports), ensuring accuracy and compliance.
• Capital Adequacy Inputs: Provide detailed information to the Finance Department regarding exposures on forward contracts, supporting calculations and reporting related to capital adequacy requirements.
• Operational Setup for Risk Monitoring: Establish and oversee operational processes for monitoring risks associated with currency futures deals, ensuring robust oversight and risk mitigation.

• Heading the Inward Clearing operations.
• In charge of ECS (electronic clearing service) processing for Mumbai location
• Handling Electronic Funds Transfer operations for the Bank.