Anurag Agarwal
Gurugram
Summary
Experienced risk and compliance leader with 13+ years in BFSI and fintech sectors. Specializes in implementing enterprise-wide risk and governance strategies covering operational, regulatory, credit, and third-party risk areas. Skilled in integrating RCSA, KRI monitoring, and stress testing frameworks to meet RBI and regulatory guidelines. Proven track record in driving policy governance, engaging with CXOs and regulatory bodies, and establishing proactive risk cultures through training initiatives and control oversight.
Overview
13
13
years of professional experience
1
1
Certification
Work History
Senior Risk Manager
One 97 Communications Limited
02.2023 - Current
- Defined and deployed group -wide risk taxonomy, aligning business-level risk identification with centralized aggregation reducing high-risk exposure by 35% across group.
- Implemented a comprehensive group Enterprise Risk & Compliance Management framework encompassing operational risk, compliance monitoring, IT risk controls, third-party oversight, and policy governance.
- Led end-to-end implementation of RCSA and KRI monitoring for critical processes across payments, lending, and support functions, integrated with AI-driven tools for real-time risk detection and compliance tracking.
- Coordinated cross-functional stress testing exercises and risk simulations to identify risks and operational vulnerabilities.
- Collaborated with CXOs to define and align enterprise risk appetite with business objectives and resilience strategy.
- Provided risk insights to the Risk Management Committee of Board, ensuring alignment with evolving risks and regulatory expectations.
- Conduct periodic reviews and updates of the Risk Management Policy; coordinate with business and functional units to ensure board-approved policies are implemented and adhered to.
- Led enterprise-wide risk awareness and training programs to foster a proactive risk culture across business and support functions.
- Leveraged advanced data analytics tools to uncover hidden patterns in large datasets, enabling more informed decision-making regarding potential risks.
- Developed robust business continuity plans, ensuring minimal disruption to operations during unforeseen events and emergencies.
Senior Manager –Risk Management
PNB Housing Finance Limited
05.2018 - 01.2023
- Built and institutionalized enterprise-wide operational risk framework including RCSA lifecycle, control testing, issue remediation, and event analysis across key business units.
- Conducted stress testing and scenario planning to identify emerging operational and regulatory risks.
- Led the development of risk appetite statements and risk & regulatory compliance control mechanisms to aid executive decision-making.
- Developed regulatory reporting framework aligned with NHB and RBI master directions.
- Tracked macroeconomic indicators and portfolio performance to assess potential risk impacts; reported compliance breaches and operational losses to senior management.
- Reported compliance breaches and operational losses to senior management, ensuring timely corrective actions.
- Led risk and compliance reporting initiatives, presenting insights to the board and senior stakeholders.
- Provided strong leadership to enhance team productivity and morale.
Senior Manager - Risk Management
Kotak Mahindra Bank Ltd
06.2017 - 04.2018
- Managed wholesale and corporate lending risk & compliance, ensuring regulatory adherence and internal control effectiveness.
- Developed regulatory reporting frameworks and compliance dashboards for improved risk visibility.
- Analyse unusual events, key risk indicator breaches, and sample control testing results reported by business for risk identification, assessment, and need for control/process enhancements.
- Ensured compliance with evolving financial regulatory frameworks, coordinating audits (statutory, concurrent, and internal).
- Developed dashboards for executive leadership to monitor risk trends, audit gaps, and issue closure timelines.
Manager, Risk Management
Yes Bank Limited
03.2015 - 05.2017
- Managed operational and credit risk related to retail and corporate lending portfolios.
- Developed risk assessment methodologies for loan and investment portfolios, ensuring early identification of vulnerabilities.
- Implemented risk control frameworks to align with regulatory and internal compliance policies.
- Engaged with audit teams for control assessments and testing to support risk mitigation initiatives.
Deputy Manager, Credit Mid Office
ICICI Bank Ltd
02.2012 - 03.2015
- Managed credit risk monitoring and post-sanction compliance review for wholesale lending transactions.
- Conducted financial risk analysis to assess borrower creditworthiness and exposure limits.
- Ensured adherence to regulatory requirements, coordinating compliance audits and credit portfolio reviews.
- Developed strong relationships with stakeholders to facilitate smooth communication and project completion.
Education
MBA - Banking & Finance
Manipal University
Manipal2014
Post Graduate Diploma - Banking & Finance
Manipal University
Manipal2012
Bachelor of Commerce - Accountancy(H)
Vinoba Bhave University
Hazaribagh2010
Skills
- ERM Frameworks (COSO/ISO 31000)
- Risk Appetite & KRIs
- Risk Heat maps & Dashboards
- Risk & Control Self Assessments (RCSAs)
- AML, Fraud & Operational Risk
- IT & Cyber Risk
- AI-Powered Risk Analytics
- Third Party Risk Management
- Board Reporting & CXO Risk Communication
- Team Leadership & Mentorship
- Stress Testing
- Incident Management
- Data Protection & Privacy (DPDP, GDPR)
- RBI, SEBI and other regulations
Certification
- Certified in Risk and Information Systems Control (CRISC), Pursuing
- Enterprise Risk and India Regulation Course (ERIRC), NISM & Institute of Risk Management (IRM), 2025
- Leadership Program: 'Leading with Joy', IIM Bangalore, 2019
- Leadership Development, T.A. PAI Management Institute, Manipal, 2013
- Certified Trainer in Mutual Fund Distributor Module, NISM, 2012
- NSDL Depository Operations Module, NSE's Certification in Financial Markets, 2012
Strategic Risk Initiatives
- ERM Transformation: Unified group risk reporting with heatmap deployment, improving leadership insights.
- AI in Risk Dashboard – Launched real-time KRI dashboards using Power BI and automation tools, boosting executive risk visibility.
- Control Effectiveness Testing Program – Executed group-wide control testing, integrated AI-based analytics for faster control failure identification and issue remediation.
Timeline
Senior Risk Manager
One 97 Communications Limited
02.2023 - Current
Senior Manager –Risk Management
PNB Housing Finance Limited
05.2018 - 01.2023
Senior Manager - Risk Management
Kotak Mahindra Bank Ltd
06.2017 - 04.2018
Manager, Risk Management
Yes Bank Limited
03.2015 - 05.2017
Deputy Manager, Credit Mid Office
ICICI Bank Ltd
02.2012 - 03.2015
MBA - Banking & Finance
Manipal University
Post Graduate Diploma - Banking & Finance
Manipal University
Bachelor of Commerce - Accountancy(H)
Vinoba Bhave University
Similar Profiles
Saurabh BanerjeeSaurabh Banerjee
Senior Manager at Paytm, 0NE 97 Communications LimitedSenior Manager at Paytm, 0NE 97 Communications Limited
SONALI SINGHSONALI SINGH
Deputy General Manager – Company Secretary at One 97 Communications LimitedDeputy General Manager – Company Secretary at One 97 Communications Limited
Debojyoti DasDebojyoti Das
General Manager -Talent Acquisition Lead at Poonawalla Fincorp LimitedGeneral Manager -Talent Acquisition Lead at Poonawalla Fincorp Limited
Sugandha KhannaSugandha Khanna
Associate Project Manager at Siemens IT SolutionsAssociate Project Manager at Siemens IT Solutions
Anurag SinghAnurag Singh
Manager (NOC) at AirtelManager (NOC) at Airtel