HARDIK R SHAH
Mumbai
Summary
Accomplished Risk Management Professional (FRM) with 14 years of experience, specializing in Group Risk under Pillar 2 ,Credit Risk and Corporate banking. Proven expertise in developing and implementing Risk Governance Frameworks, conducting ICAAP, and managing Risk Appetite across business verticals. Well-versed in thematic risk reviews and portfolio analytics to support regulatory and strategic decision-making.
Overview
2027
2027
years of professional experience
1
1
Certification
Work History
Chief Manager, Group Enterprise Risk Management
Bank of Baroda
08.2017 - Current
- Developed and operationalized the Group Risk Appetite Framework, setting top-down risk limits and cascading them to subsidiaries.
- Led enterprise-wide risk governance across group entities, ensuring consistent application of ERM standards and frameworks.
- Contributed to Group ICAAP and capital planning by aligning subsidiary inputs and consolidated stress testing.
- Coordinated with subsidiary CROs and Risk Heads to ensure alignment with Group Risk Appetite, ICAAP, and Stress Testing principles.
- Rolled out Risk Control Self-Assessment (RCSA) programs across group entities to strengthen risk ownership at business level.
- Created and maintained Group Risk Dashboards, highlighting material risk exposures, breaches, and trends for Board Risk Committees.
- Conducted risk deep-dives and thematic reviews across subsidiaries to ensure emerging risks were proactively managed.
Assistant Manager, Trade Finance
IDBI BANK Ltd.
06.2010 - 07.2017
- Led a team of transaction banking for the Gujarat State, delivering superior client experience by enhanced service delivery, streamlined processes, and customized solutions.
- Prepared management level analytics reports and dashboards to support strategic decisions.
Senior Manager, Risk Management
Bank of Baroda
- Conducting detailed studies and ongoing sector monitoring, identifying critical risk factors that helped business teams proactively prevent potential losses.
- Performing thorough reviews of the existing portfolio, focusing on key risk metrics, which greatly improved the quality and stability of the portfolio.
- Checking portfolio positions against regulatory limits and risk guidelines, ensuring full compliance and optimizing the bank's risk exposure.
- Preparing Basel 3 disclosure documents for the Bank.
Manager, Corporate Relationships
Bank of Baroda
- Increased the Export Credit Portfolio of the business unit by 200% within a financial year.
- Improved operational efficiency through tailored client solutions and streamlined credit processes.
- Improved business unit risk categorization from High risk to Low risk by ensured regulatory compliance.
Education
PGDM-IB - Finance
IMT Ghaziabad
2010
B.E - Electronics
BVM Engineering College
Vallabh Vidyanagar, GJ2008
Skills
- Group Risk Management
- Risk Governance
- Credit Risk Analytics- Portfolio Level
- Policy formulation
- Regulatory compliance
- Strategic planning
- Risk appetite
Websites
Certification
- Financial Risk Manager (FRM) – GAARP Institute,
- Moody’s Certification in Commercial Credit,
- CRISIL: Advanced Corporate Credit and Analyzing Complex Financials,
- AuctusESG: Climate Risk and Transition Planning,
- FEDAI Workshop: Advanced FEMA Compliance,
- In-House Training: Credit Monitoring, Trade Finance, Advanced Excel, Python
Accomplishments
· Designed and implemented a comprehensive Group Risk Management Framework, enhancing risk oversight and alignment across subsidiaries and business verticals.
· Led the design and integration of the Risk Module within the Loan Lifecycle Processing System (LLPS), embedding risk controls and credit assessment parameters into corporate lending workflows.
· Established a robust Governance Framework for Business Campaigns, aligning strategic initiatives with risk appetite, regulatory compliance, and ethical standards.
· Strengthened grievance redressal portal by identifying control gaps, structured resolution SOPs to enhance oversight, regulatory compliance, and attrition risk mitigation.
Timeline
Chief Manager, Group Enterprise Risk Management
Bank of Baroda
08.2017 - Current
Assistant Manager, Trade Finance
IDBI BANK Ltd.
06.2010 - 07.2017
Senior Manager, Risk Management
Bank of Baroda
Manager, Corporate Relationships
Bank of Baroda
PGDM-IB - Finance
IMT Ghaziabad
B.E - Electronics
BVM Engineering College