Nitin Patil

• Handling the green field project for Axis Bank. Leading a team of senior consultants in helping the client migrate to Murex platform from legacy system.
• Delivered high-quality results consistently by validating the design spec with the Murex weekly patch upgrade delivery.
• Increased client satisfaction by addressing their unique needs and offering tailored solutions.
• Played a pivotal role in the successful completion of phase 1 of the green field project.
• Align the methodology of legacy vs Murex and document the variations in Risk measures calculations.
• Pnl verifications from various sources, simulation, enterprise market risk, trade query.

• Managing a team of highly focused Risk professionals.
• Handling the Non Traded Market risk across the globefor the senior management. Main focus being on VaR, EaR, RWA, Stress test, DV01, Market Value and liquidity risk (LCR and NSFR).
• Daily review and sign off of Global LCR, NSFR and WFC(funding concentration) global reports.
• Actively engaging Tech Risk support team, Governance team to uplift the timeliness and data quality of the final output.
• Passionate about learning and committed to continual improvement.
• Gained strong leadership skills by managing projects from start to finish.
• Organized and detail-oriented with a strong work ethic.
• Member of ANZ Markets Risk leadership team.
• In addition to Non Traded role, also handling the High profile committee decks for the discussion in the key committee meetings at ANZ viz CMRC, BRC, country wise RMCs. The packs focuses on Risk Appetite Statements (RAS) and dashboards covering metrics like Standard VaR, Stressed VaR, RWA, Stress Test, P&L, Back testing exceptions, Limit breaches etc.
• Engaging and assisting stakeholders viz Group General Manager – Market Risk, Risk Heads viz Head of Traded, Non Traded and CCR and various other risk managers by desk/regions.
• Handling audit reviews and APRA (Australian regulator) queries for GGM Market Risk.

Management of Day to Day Market risk for Trading book. Supporting Global Head of Market risk in Local Team Management, Change the Bank initiatives, Design & Development and standardization of Market Risk Return submission process as per APS 116 standards.

· Close collaboration with Risk Managers across the globe in day today market risk issues.

· Performed User Acceptance Testing to validate changes in Risk reports.

· Review of high critical daily regulatory reports prepared by team.

· Strong collaboration on the FRTB implementation project.

· Active management of emerging market risk issues. Very good relationship with senior stakeholders.

· Actively played a key role in various projects/adhoc requests viz, migration of legacy system, transformation etc.

· Managing around 12 traders viz FX, Rates, FXO, Balance Sheet, Institutional and Sales Traders.

· Presenting Monthly Market Risk updates in Country level RMC and ALCO meetings.

· Reporting to Country CRO – India.

· Timely check on the risk and efficiently tracking on the risk and highlighting to the relevant stakeholders viz CRO, Traders, Senior Management – on shore risk managers, Head of Market Risk. Timely discussions with the traders for any new additional increase in the exposures especially during the times when the exposures are nearing the limits set.

· Preparation and timely update of the limit schedule, dealer mandate and Treasury policy of India.

· Regular catch up with Local Market community, FXO community and Non-traded community. Have suggested ideas and improvement plans with regards to the Non-traded sign off tracking from manual process to Appian model.

· Assisted in drafting policy for the Benchmark process after careful analysis and discussion with host of contacts namely, Head of Markets, Head of Compliance, Front office support, Business Governance and Market Risk Analytics.

· Have smoothly handled audits from the Central Bank, Internal Auditor and Concurrent audit.

· Developed FX VaR as a better measure of FX risk management which will replace the Aggregate Gap Limit which is the old traditional way of tracking.

· Set up a process to handle the conflict of interest with regards to the P&L between Trading Book and Banking Book. Handed over the same to the Market Operation team to carry out the process if the Balance sheet trader is on compliance leave.

Effectively monitoring the LCR and associated liquidity issues

· Monthly analysis of Counterparty Credit Risk reports and Analysis of MtM, Top Exposures, EAD, Rating Movements etc.

· Daily monitoring of Traded Market Risks like VaR, Stress Test, Daily Highlights Reports. Regulatory reporting as per APS 116 Standard to APRA.

· Tracking Financial Institutional Group excesses caused against the limit set for the particular counterparty. Analyse the cause for the excess, like MtM excess, technical excess, genuine excess with pre-approval (pre deal check done).

· Instrumental in fixing the depreciation calculations impacting the Balance sheet.

· Balance Sheet Reconciliation, Managing AR and AP balance recons across USA and Canada Region for Nestle Canada Inc.