Bhavik Sotta

Enterprise Risk Management.

• Member of the Risk Management Committee (RMC), which is a board-level committee.
• Presenting the assessment carried out for each of the risks that are identified to the Board, along with highlighting the key risk indicators.
• Review of existing processes to identify areas of risk and ensure that SOPs are in place.
• Formulating policies and procedures for managing enterprise-wide risks in accordance with enhanced obligations, enhanced obligations, and responsibilities on qualified stock brokers (QSBs).
• Representing HDFC Securities at the HDFC Bank Group Risk Committee (GRC) member meetings.
• Focusing on identifying new risk areas and planning to mitigate them.

Market Risk.

• Ensuring that all the processes are adhered to so that risks flowing from operational issues are minimized and controlled.
• Reviewing Risk and Capital Adequacy Reports.
• Reviewing and formulating an effective monitoring framework for managing risk related to the Margin Trading Funding Book (Rs.11,000 Cr), and Derivatives transactions.
• Supervising surveillance of client-level transactional alerts.
• Reviewing investment decisions of the proprietary desk as a member of the Investment Committee.

Exchange and Regulatory.

• Guiding the team to make representations to the exchange and regulators where a change of policy or procedure is required in the best interest of the industry.
• Liaise with exchange and SEBI officials.

Special Projects & Key Achievements

• Risk Management Training: Sessions to create risk awareness among branches across India.
• Product Related: Played an instrumental role in providing necessary support and guidance for various new products introduced over the years, like MTF, Online Mutual funds, etc. Developed the framework and structure to govern the MTF product.
• Mitigating Risk : Exclusion of all Adani Group companies ( except those in NIFTY 50) from Collateral and Funding Product .
• Panic Scenarios : Witnessed all major falls that led to market freeze in the Indian Capital market since 2004 and navigated the volatility effectively