Ritesh Vaidya
Mumbai
Summary
Strategic Finance and Credit Risk leader with 15 years of experience across India, Africa & APAC region. Proven ability to lead high-performing teams, set credit strategy and governance framework and partner with senior stakeholders to enable sustainable business growth. Recognized for driving large-scale process transformation and automation initiatives while maintaining strong risk discipline and portfolio quality.
Overview
15
15
years of professional experience
Work History
Assistant Vice President, Credit & AR
Puma Energy (Subsidiary of Trafigura)
Mumbai, India
09.2018 - Current
- Lead end-to-end credit and AR operations across APAC and Africa region managing a receivables portfolio of $450 million and ensuring compliance with global credit policy and regional regulatory requirements
- Manage and mentor a high-performing 25 member team of credit analysts and AR specialists providing guidance, performance feedback, and career development opportunities
- Oversee credit portfolio reviews , assessing exposure, sectoral risks and concentration and integrating macroeconomic and industry trends into credit decisions
- Conduct credit risk assessment and approval for strategic accounts, leveraging financial analysis and market insights to mitigate risk while supporting business growth
- Drive automation and process improvement across credit evaluation, monitoring, collections and reporting, reducing DSO and improving operational efficiency
- Monitor portfolio performance , track delinquencies, and implement early warning systems to proactively manage credit and collection risks
- Collaborate with finance, risk, compliance and internal audit teams, as well as regional teams, to strengthen governance and reporting framework
- Partner with business stakeholders to optimize working capital, support trade finance initiatives, and enhance cash flow management
Manager, Global Credit & Risk
Edelweiss Financial Services
Mumbai, India
12.2016 - 08.2018
- Lead end-to-end credit appraisal and approval for retail and corporate lending, ensuring full compliance with regulatory and internal policy requirements
- Conduct detailed financial and credit analysis , preparing comprehensive appraisal notes on cash flows, risk metrics, and borrower/project viability
- Oversaw portfolio performance , monitored delinquencies, and implemented early warning systems to proactively mitigate credit risk
- Managed and mentored a team of credit analysts , driving process improvements in credit evaluation and reporting workflows
- Strengthened credit governance by coordinating with internal audit, risk, compliance teams and regulator
Manager, Credit & Investment Risk
ICICI Prudential AMC
Mumbai, India
05.2011 - 11.2016
- Conducted comprehensive credit analysis of corporate issuers across sectors for debt and hybrid mutual fund schemes
- Prepared credit appraisal notes covering business & financial risk, cash flows, covenants, and downside scenarios
- Monitored portfolio issue reviews, event tracking, and early warning indicators
- Advised fund managers with credit views , relative value assessment, and investment committee recommendations
- Performed portfolio stress testing and coordinated with rating agencies, trustees, and compliance teams
Education
Masters of Management Studies (MMS) - Finance
MET Institute of Management
Mumbai05.2011
Bachelor of Commerce (B.Com) - undefined
ML Dahanukar College of Commerce
Mumbai06.2008
Financial Risk Management (FRM)
Global Association of Risk Professionals (GARP)
01-2013
Skills
- Credit Underwriting
- Bloomberg
- Risk Management
- S&P Cap IQ Pro
- Financial Analysis
- Navision
Recognition
- Team of the Year Award – Led a group-wide credit automation project, boosting efficiency and scalability across the organization (March 2025),
- Sparkler Award – Streamlined the credit assessment process at ICICI Prudential AMC, driving operational efficiency and faster decision-making (July 2011)
Timeline
Assistant Vice President, Credit & AR
Puma Energy (Subsidiary of Trafigura)
09.2018 - Current
Manager, Global Credit & Risk
Edelweiss Financial Services
12.2016 - 08.2018
Manager, Credit & Investment Risk
ICICI Prudential AMC
05.2011 - 11.2016
Bachelor of Commerce (B.Com) - undefined
ML Dahanukar College of Commerce
Masters of Management Studies (MMS) - Finance
MET Institute of Management
Financial Risk Management (FRM)
Global Association of Risk Professionals (GARP)