KUMAR SANKET
Vice President (Risk & Compliance)
Pune
Summary
Result-oriented professional with 15 years of experience in aligning systems with business requirements, project management, issue management, policy and standards management and oversee regulatory requirements. Offers strategic planning abilities and forward-thinking mindset.
Overview
15
15
years of professional experience
Work History
Vice President (ERA)
BNYMellon
Pune
05.2022 - Current
- Planning and Methodology involves planning & monitoring of the periodic / quarterly risk reviews, as part of a global, independent 2nd Line of Defense validation function.
- Issues Management involves raising, monitoring and reporting of identified issues.
- Policy and Standards Management involves periodic review of applicable policies and standards, including implementing changes and publication.
- Project Management involves delivering system transitions, process transitions and regulatory remediation efforts.
- Training to Enterprise Risk Assurance & Governance (ERA) staff on established guidance, industry best practices and Issues Management.
Assistant Vice President (formerly, Group MI Senior Manager)
HSBC
Pune-Bangalore
08.2015 - 05.2022
- Global Fraud Management involved maintaining and delivering the risk data and information framework, governance and oversight to company's fraud landscape.
- Fraud Mitigation Strategy reloved around reviewing and delivering the Risk Appetite Statement (RAS) and critical MI (losses and performance metrics) reporting.
- Project Management involved transitioning the Global Fraud Loss Reporting tool for HSBC Group Fraud recording losses from primarily three domains - Card, Non Card (including digital) and Lending (excluding mortgages).
- Policy and Standards Management registered periodic updates / changes to Group Fraud policies around all kinds of Banking Fraud applicable to the company.
- Team Management for direct reports, including, but not limited to, performance management, goal setting, business continuity, budgeting, etc.
- Risk Reporting performed on behalf of US Fraud Risk, responsible to report directly to the US regulators, the FED, on KRIs, RCSAs, etc.
Senior Risk Analyst
BNYMellon Operations (India) Pvt. Ltd.
Pune
02.2009 - 07.2015
- Spent 4 years with Securities Operations (EMEA – Custody Banking Operations) before moving to Operational Risk.
- Regulatory Reporting on the implemented / assessed KRIs for Operational Risk Management. MI reporting included Operational Loss reporting as well.
- RCSA Reviews through deep dives and walkthrough on the operating environment.
- Public Speaking through workshops and events organized to enhance company's risk culture.
- Data Management for all securities and broker-dealer codes. Also involved accessing vendor tools like, Bloomberg, Reuters, EuroClear, CREST, etc.
Education
MBA - Finance
Indian Institute of E-Business Management
Pune06.2009
Skills
- Risk Management
- Fraud Risk (Banking)
- Data Governance
- Issues Management
- Project Management
- Stakeholder Management
- Group Policy Management
- Business Continuity Management
- SharePoint
- MS-Office
- QlikView
- Workiva
- Jira
Timeline
Vice President (ERA)
BNYMellon
05.2022 - Current
Assistant Vice President (formerly, Group MI Senior Manager)
HSBC
08.2015 - 05.2022
Senior Risk Analyst
BNYMellon Operations (India) Pvt. Ltd.
02.2009 - 07.2015
MBA - Finance
Indian Institute of E-Business Management
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