Sagar Panchal
Mumbai
Summary
Dynamic risk management professional with extensive experience at Bank of Baroda, excelling in IT and cybersecurity risk management and regulatory compliance. Proven track record in leading teams to enhance credit risk governance and drive digital transformation initiatives. Strong analytical skills complemented by effective team leadership and collaboration to achieve organizational objectives.
Overview
15
15
years of professional experience
1
1
Certification
Work History
Chief Manager, IT & Cybersecurity Risk, AI Risk, Digital Risk, Risk Management Dept. Corporate Office
Bank of Baroda
Mumbai
07.2024 - Current
- Framework and Policy development /IT and Cyber Risk Assessment | AI Risk Assessment| Digital Risk Assessment | Credit Risk Management | Team Management
- Policy/ Framework Development for IT and Cybersecurity Risk Management, AI Risk Management, Digital Risk Management at Corporate Office Bank of Baroda
- Successfully led and managed a Regional Credit risk function, overseeing a team of 50+ professionals across retail, MSME, and corporate lending segments, ensuring compliance with regulatory guidelines and alignment with organizational risk appetite.
- Member of Departmental Purchase Committee for information security.
Chief Manager (Head of Credit Risk)
Bank of Baroda
Maharashtra
10.2022 - 07.2024
- Successfully led and managed a Regional Credit Risk function, overseeing a team of 50+ professionals across retail, MSME, and corporate lending segments, ensuring compliance with regulatory guidelines, and alignment with organizational risk appetite.
- Reviewed completed work to verify consistency, quality, and conformance.
Head of Risk Management
Bank of Baroda
Mauritius
08.2017 - 09.2022
- Headed Risk Management department while posted at Bank of Baroda–Mauritius territory overseeing risk management of the Bank.
- Headed Credit Risk Management while posted at Bank of Baroda–Mauritius, overseeing Credit risk management and compliance for Mauritius and Seychelles territories.
- Conducted comprehensive credit risk analysis of Syndication, Bilateral Loans, Trade Finance, and Mid–Large Corporate Loans across Mauritius and Sub-Saharan Africa (SSA); and carried out Credit Risk Evaluation.
- Developed and implemented corporate, retail, and MSME lending products as well as credit policies tailored to Mauritius regulatory requirements, strengthening credit risk governance frameworks.
- Convened various committees at the Bank level as a Risk Head to submit overall Risk posture of Mauritius territory to the committees.
- Led implementation of IFRS-9, enhancing risk quantification and regulatory alignment.
- Led digital transformation of lending processes by coordinating with technical teams to adapt platforms to local market risks; ensured timely credit monitoring, regulatory reporting, and impaired asset recovery.
Manager (Credit Risk)
Bank of Baroda
Gujarat
10.2016 - 08.2017
- Assessed credit risk for large corporate clients by analyzing their financials, business models, and structuring and preparing comprehensive credit proposals.
- Managed credit relationships with high-net-worth clients, identifying opportunities to deepen engagement and generate additional credit business, while ensuring prudent risk assessment.
- Participated in consortium meetings to evaluate the financial performance and strategic outlook of large corporate borrowers, facilitating informed credit decisions, and alignment of future financing in line with assessed risk profiles..
Officer (Credit Risk)
Bank of Baroda
Gujarat
08.2010 - 09.2016
- Conducted end-to-end analysis, processing, and monitoring of credit facilities for large corporate clients, including trade finance and structured lending.
- Facilitated timely fulfillment of corporate clients’ immediate credit requirements through customized financial solutions.
- Identified and acquired new business opportunities by engaging with large corporates based on their evolving financial needs.
- Reviewed and managed existing credit portfolios, delivering tailored and responsive banking services to a diverse client base.
Education
MBA-Finance - Finance
Maharaja Sayajirao University of Baroda
Gujarat, India05-2010
BCOM -
Gujarat University
Nadiad, Gujarat, India04-2007
Skills
- IT and cybersecurity risk management
- AI Risk Management
- Digital Risk Management
- Credit risk modeling
- Regulatory Compliance (RBI, Basel, IFRS-9)
- Portfolio Risk Analytics
- Project Management
- Internal Controls and Audit Readiness
- Credit Appraisal and Monitoring
- Digital Transformation in Banking
- Credit risk analysis
- Risk-Based Pricing and Stress Testing
- Data Analytics and MIS Reporting
- Enterprise Risk Management (ERM)
- Policy development
- Information security
- Data analysis
- Decision making
- Corporate governance
- Team collaboration
- Team leadership
- Vendor management
- Preventive Maintenance
Scholastics And Accreditation
- Master of Business Administration in Finance, The Maharaja Sayajirao University of Baroda, Gujarat, India, 2010
- Bachelor of Commerce, Gujarat University, India, 2007
Major Trainings
- Programme in Information Systems Audit by National Institute of Bank Management, Pune
- Digital Defense- Mastering IT Risk Management & Cyber Crime Prevention by Indian Institute of Banking & Finance (IIBF)
Certification
- JAIIB (Junior Associate of Indian Institute of Bankers) – Indian Institute of Banking & Finance (IIBF)
- CAIIB (Certified Associate of Indian Institute of Bankers) – Indian Institute of Banking & Finance (IIBF)- Specialization in Risk Management
- Moody’s analytics certificate in Commercial Credit
- Introduction to Generative AI- Art of the Possible by Amazon
- SAP FICO HANA (FINANCIAL ACCOUNTING & CONTROLLING) OF NIELIT
Preceding Experience - Summary
Total work experience of more than 14 years in Bank of Baroda, India/Mauritius in Risk Management Department and Credit Risk Management on various positions (i.e., Manager, Senior Manager, Chief Manager)
Profile Snapshot
Seasoned Risk Management Leader with 14+ years of global banking experience across Cybersecurity Risk, IT Risk, AI Risk, Credit, and Digital Risk. Proven record of leading risk governance, regulatory compliance, and enterprise risk frameworks across India and Mauritius. Expertise in Basel norms, IFRS-9, and framework development for IT & Cybersecurity risk, AI Risk and Digital Risk Management., MBA-Finance, Maharaja Sayajirao University of Baroda, Gujarat, India, BCOM, Gujarat University, Nadiad, Gujarat, India,
Timeline
Chief Manager, IT & Cybersecurity Risk, AI Risk, Digital Risk, Risk Management Dept. Corporate Office
Bank of Baroda
07.2024 - Current
Chief Manager (Head of Credit Risk)
Bank of Baroda
10.2022 - 07.2024
Head of Risk Management
Bank of Baroda
08.2017 - 09.2022
Manager (Credit Risk)
Bank of Baroda
10.2016 - 08.2017
Officer (Credit Risk)
Bank of Baroda
08.2010 - 09.2016
MBA-Finance - Finance
Maharaja Sayajirao University of Baroda
BCOM -
Gujarat University
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