BHAVESH ALUR
Mumbai
Summary
FRM Certified professional with over 11 years of experience in the Banking and Financial Services industry, including more than 7 years as a Business Analyst specializing in Market Risk, Credit Risk, Scenario Analysis, and Stress Testing reporting. Proven expertise in process improvement with a strong track record of delivering impactful solutions for Financial clients in the consulting sector. Skilled in Regulatory Reporting, managing stakeholder relationships to ensure alignment and drive project success. Committed to leveraging analytical skills and industry knowledge to enhance risk management strategies and optimize business performance.
Overview
12
12
years of professional experience
1
1
Certification
Work History
Manager
Protiviti India Pvt Ltd.
11.2024 - Current
- Working as a consultant in the Risk and Compliance review team under Market Risk compliance team.
- Prepare RFP’s and help in preparing client decks required and hiring personnel for the required clients.
- Train team members on the required risk domain – Liquidity, Credit Risk and Market Risk.
- Analyzing and reviewing the model Scorecard for credit card customers validating using SAS and python.
- Conducted regular audits of existing policies and procedures, ensuring their continued effectiveness in addressing organizational goals related to mitigating risks.
- Collaborated with cross-functional teams to establish effective risk management and Control practices across all business units.
- Created Qliksense and Tableau Dashboard for the Audit Departments of a Major Investment Bank for helping them in achieving their Audit Plans, Audit assessments.
Senior Consultant
Infosys Ltd.
10.2021 - 11.2024
- Working as a business analyst in market risk and Credit risk Domain for a Major US Bank
- FRTB Implementation - APAC Region (Indonesia and Korea)
- Led the implementation of the FRTB Calculator using the Standardized Approach (SA) through the Axiom platform, ensuring alignment with BASEL regulatory standards.
- Worked closely with global and regional stakeholders to capture requirements and drive approvals across Market Risk and Capital functions.
- Conducted detailed analysis and comparison of localized results with the Global Reporting Tool to ensure consistency.
- Enabled regulatory compliant reporting for all risk classes positions by structuring and transforming data for Indonesia and Korea.
- Market Risk Reporting Implementation (APAC Region)
- Automated Capital Adequacy Ratio (CAR) reporting as per Basel2.5, streamlining the calculation of Market Risk RWA’s and enhancing regulatory reporting efficiency across Thailand and Singapore.
- Validated Market Risk exposures and capital charges related to both fixed income and equity instruments.
- Credit Risk Implementation (India Region)
- Implementation of Netting contracts with counterparty that led to reduction of reporting Capital.
- Designing and implementing systems to record the Netting flag in the system.
- Analyzing, solutioning and requirement elicitation with the financial and business stakeholders.
- Implementation of the calculation of the exposure calculation and Credit risk calculation at bank.
- Loan Origination and Management System Migration:
- Involved in the requirement gathering, Data Analysis for the list of products to be migrated.
- Analyzing their effect on the End to End reporting and preparation of test cases, test scenarios
- Preparation of the BRD and Mapping documents for the new system in place and changed if any to the existing system
- Analyzing and testing and reporting of end-to-end NPA reporting happening through Bizscore and TRAQ.
ENO
Credit Suisse Analytics Ltd.
06.2018 - 10.2021
- Scenario Building and Scenario Analysis
- Help ERM in the scenario building and setup of divisional and Flexible scenarios.
- Reporting and monitoring thresholds at divisional and Sub divisional levels for the various scenarios.
- Perform Stress Testing with historic and forward-looking scenarios to identify and measure material risk and Vulnerabilities to Bank’s capital.
- Analysis of Market risk scenarios based on the Scenario VaR and sensitivities P&L’s for various asset classes like Equity, IR, FX and commodities and Credit risk scenarios based on the EAD, PD, and LGD for Banks Risk management and reporting submitted to Risk Management Committee (RMC).
- Reporting and analyzing the various business divisions with focus on the APAC division for the divisional scenarios.
- Development of Strategic Platform for reporting and Analysis.
- Liaise with the Technological team and analyze technical and functional requirements and prepare Process design documents and Use Cases.
- Help with the UAT Testing of the software implementation of the scenario analysis and process flow testing.
- Assist in creating the BRDs, FSDs & Change request documents along with maintaining the process related documentations.
- Regulatory Reporting
- Reporting for Internal Capital Adequacy Assessment Process for fixed Income products (ICAAP) to UK regulator body – Prudential Regulation Authority (PRA).
- Capital Allocation and Risk Management Committee (CARMC) reporting for fixed income products explaining underlying risk dynamics under 8 different scenarios to the SWISS regulators – FINMA.
- Handling of critical reporting related to FDFS, FTQ & SFTQ, CCAR and BASEL reporting.
Business Associate/Consultant
SICREVA Consulting Pvt. Ltd.
04.2016 - 07.2017
- Working as a Consultant and Project Management associate for various Financial Services and Utility Clients.
- Provided consulting services to clients by developing comprehensive business plans and five-year financial forecasts, integrating operational models with strategic financial goals.
- Led financial forecasting and activity planning initiatives by analyzing historical trends, KPIs, and benchmark data to support informed decision-making for clients.
- Facilitated client workshops and interviews to identify process inefficiencies, define change requirements, and translate business needs into technical use cases and implementation plans.
- Liaise with the Technological team and proactively communicate with them, analyze information and functional requirements like Process Design Documents/Process Flows and Use Cases.
- Collaborated with cross-functional stakeholders and technology teams to gather requirements, perform gap analysis, and deliver Business Requirements Documents (BRDs), Functional Specifications (FSDs), and process design documentation.
Servicing Business Analyst
XL Dynamics India Pvt Ltd
06.2013 - 11.2015
- Worked as Team Leader, Business Analyst, Financial regulatory and Reporting.
- Leading/Managing team of analysts that deal with Investor Financial Reporting, Servicing, Collections activities, audit and examination filings and MIS activities.
- Managed stakeholder communication for BAU reporting to the US GSE reporting and ad-hoc Project initiatives.
- Conducted in-depth financial analysis including Profit & Loss, Balance Sheet, Cash Flow, AUM, and Net Worth reporting to support investor servicing and compliance activities.
- Initiation, planning, implementation, and tracking of critical projects for the clients.
- Oversaw the transition and development of operational processes from onshore to offshore teams, ensuring continuity, accuracy, and timely delivery across investment reporting and regulatory filings.
- Creating FRDs and coordinating with Tech support team to implement the Change requests from Clients.
Education
MBA - Finance
SSSIHL
Anantapur, AP01.2013
Bachelor of Commerce - Financial Accounting
SSSIHL
Anantapur, AP01.2011
Pre University(12th) - undefined
SSSLS PU College
01.2008
Skills
- Risk analysis reporting
- Market Risk/Credit Risk
- Stress Testing
- Analytical decision-making
- Business Analysis
- Project Management
- Stake Holder Management
- Implementation of BCBS 239 standards
- Regulatory Reporting
Accomplishments
- Achieved BCBS 239 Implementation by introducing and Automation of Stress Testing and Scenario Analysis reporting for Monthly/Quarterly tasks.
- Collaborated with team of Various Tech/Non Tech Teams On Shore and Off Shore in the development of Risk Analysis Dashboard.
- Achieved Complicated FRTB Implementation required as per the BASEL norms by the Central Bank of Korea, Indonesia.
Certification
- Financial Risk Management, GARP, 2025
- NSE: Certified National Market Professional, NSE, 2016
- Diploma In Banking & Finance, IIBF, 2016
Hobbies and Interests
Hobbies: Travelling, Trekking, Running, Biking, Music – Vocal and Listening, Cricket and Reading
Languages
English
Advanced (C1)
Hindi
Advanced (C1)
Marathi
Advanced (C1)
Telugu
Advanced (C1)
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Software
Qliksense
SQL(Oracle/MySQL)
Tableau
Python for Finance
Advance Excel
Timeline
Manager
Protiviti India Pvt Ltd.
11.2024 - Current
Senior Consultant
Infosys Ltd.
10.2021 - 11.2024
ENO
Credit Suisse Analytics Ltd.
06.2018 - 10.2021
Business Associate/Consultant
SICREVA Consulting Pvt. Ltd.
04.2016 - 07.2017
Servicing Business Analyst
XL Dynamics India Pvt Ltd
06.2013 - 11.2015
Pre University(12th) - undefined
SSSLS PU College
MBA - Finance
SSSIHL
Bachelor of Commerce - Financial Accounting
SSSIHL
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