Ashishkumar Darji
Mumbai
Summary
Risk Management professional with hands on experience in the financial risk management ecosystem with a proven track record in effectively navigating emerging risks and developing comprehensive strategies to mitigate them. Expertise in designing and implementing risk management frameworks to ensure strict compliance with regulatory requirements. Strong communication skills to convey risk findings and recommendations to both the board and regulators.
Overview
21
21
years of professional experience
Work History
Chief Risk Officer
Home First Finance Company
10.2021 - Current
- Set-up Risk Management division and enhanced risk management practices in order to meet Regulatory requirements.
- Managed regulatory compliance efforts by staying abreast of changes in legislation and ensuring timely implementation of required actions - Stress Test, ICAAP, Risk Appetite, EWS and Fraud Risk Management Framework, Reputation Risk Framework.
- Collaborated with senior leadership to develop strategic plans that account for both current and future risks - ICAAP, Portfolio Risk analysis and Key Risk Indicators, EWS.
- Improved overall risk culture with risk awareness training programs for new joiners of the organization.
Technical Director
KPMG
04.2021 - 09.2021
- Manage personal P&L account with specific targets for onboarding new clients, selling new solutions and cross selling for other teams.
- Designed proposals and implementation framework for Basel III reforms and won 2 projects to enter into South East Asia market
- Supporting large Bank in South African region in conceptualizing and preparing functional/technical documentation for procuring loan life cycle management system
- Project Management and conflict resolution to ensure timely execution of projects.
Associate Director
KPMG
04.2017 - 03.2021
- Lead 5-6 members team on large projects with 2Indian Banks, 2 SFBs and 3 NBFCs, gearing-up for Implementation of Ind AS 109 (Expected Credit Loss) - development and Validation of ECL Models/ Framework
- Lead 4 projects on implementation of AIRB approaches for Credit Risk, including development and validation of Retail Pools, Corporate PD, LGD and CCF Models
- Support clients on Credit Analytics, Risk Appetite, Risk Based
Pricing, RAROC and Economic Capital framework - Develop Risk Policies & Framework, Credit RWA Calculator, Limit Setting, Exposure setting framework, Portfolio Analysis, NPA Study and related dashboards
- Project management - Project monitoring, reporting and updating steering committee
Manager
KPMG
04.2014 - 03.2017
- Manage team members working on 3 AIRB Implementation project - development of PD, LGD and CCF for Corporate borrowers
- Lead team on projects related to development, validation of ICAAP, Stress testing, Capital Planning and assessment of Material Risk (including Non Financial
Risks) - Review and enhance risk registers, conduct RCSA, KRIs workshops
- Design LCR, NSFR and IRRBB framework in line with Regulatory guidelines
Vice President - Credit Risk
State Bank of India
07.2008 - 03.2014
- Hands on experience on Basel III, Pillar I (Minimum capital requirement, Credit RWA Calculation) , Pillar II (ICAAP and Stress Test) and Pillar III (Disclosures)
- Prepared Bank for implementation of Advanced Approaches for Credit Risk capital charge, conceptualizing estimation of risk components for Retail and Corporate exposure (PD, LGD, EAD), data deficiency, data build-up plan, reconciliation of Risk data and Finance data
- Interaction with Regulator as nodal officer (Credit Risk Management) to provide seamless support and clarifications to Regulatory team onsite during Annual Financial Inspection (AFI)
- Conducting Industry Studies for Exposure setting, Limit setting and Bank's Portfolio analysis
- Prepared ICAAP, conducted stress test and compiled Pillar III Disclosures for Credit Risk and Capital composition aspects
- Conducted Root Cause analysis of cases referred by RMCB for further investigation
- Developed excel based Stress Test tool for whole Bank and reconciliation with Capital Adequacy Return
Manager - Operations
Kotak Securities Ltd.
03.2008 - 07.2008
- Daily Operations and real time monitoring on exposure taken by clients
- Managing Debtors and handing query related to margin requirements
- Daily/Monthly MIS reporting to Top Management
Senior Executive Officer - Risk Management
The Clearing Corporation of India Ltd (CCIL)
05.2006 - 03.2008
- Monitor and communicate Margin Requirements, Exposure Utilization, Limits utilization for various business Segments (Securities, Foreign Exchange & CBLO Segment)
- Valuation of Government Securities (Nelson & Siegel methodology)
- Back Testing & Stress Testing for Securities Segment to analyze margin adequacy and liquidity analysis of INR and USD Positions.
- UAT Implementation of system for new product/concepts such as Guaranteed settlement of Forward, IRS & FRAs
- Contributed in preparing business logic for IRS/FRA deal reporting utility and developed excel based volatility margin calculator
Audit Manager
J B Patel & Associates
07.2004 - 05.2006
- Managed 3 Internal audit, 2 Statutory & 6 Tax Audit
- Tax consultancy covering Tax Deducted at Source (TDS) & Service Tax
- Managed Value Added Tax (VAT)/Sales Tax and Intellectual Property matters for 35 clients.
Education
Bachelor of Laws (LLB) - Banking
University Of Mumbai
2007
Chartered Accountancy - Accounts, Audit And Taxation
Institute Of Chartered Accountants Of India
2004
Master of Commerce (M.Com) - Accounts, Economics And Taxation
Mumbai University
2003
Diploma in Financial Management (DFM) - Financial Management
Welingkar Institute Of Management
2003
Bachelor of Commerce (B.Com.) - Accounts, Tax, Economics
Mumbai University
1999
Skills
- Financial risk evaluation expertise
- Strategic risk analysis
- Experience in expected credit loss analysis
- Model risk assessment
- ICAAP - Material Risk , Stress Test and Capital Management
- Risk Analytics - RAROC, Risk Appetite, Risk Based Pricing
- Capital management - Basel II & III
- Executive leadership
Timeline
Chief Risk Officer
Home First Finance Company
10.2021 - Current
Technical Director
KPMG
04.2021 - 09.2021
Associate Director
KPMG
04.2017 - 03.2021
Manager
KPMG
04.2014 - 03.2017
Vice President - Credit Risk
State Bank of India
07.2008 - 03.2014
Manager - Operations
Kotak Securities Ltd.
03.2008 - 07.2008
Senior Executive Officer - Risk Management
The Clearing Corporation of India Ltd (CCIL)
05.2006 - 03.2008
Audit Manager
J B Patel & Associates
07.2004 - 05.2006
Chartered Accountancy - Accounts, Audit And Taxation
Institute Of Chartered Accountants Of India
Master of Commerce (M.Com) - Accounts, Economics And Taxation
Mumbai University
Diploma in Financial Management (DFM) - Financial Management
Welingkar Institute Of Management
Bachelor of Commerce (B.Com.) - Accounts, Tax, Economics
Mumbai University
Bachelor of Laws (LLB) - Banking
University Of Mumbai
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