Sourish Kundu
Bengaluru
Summary
With over 16 years of experience in Financial Services, I am a seasoned leader with a proven track record of building and leading high-performing teams. I excel in collaborating with stakeholders across global regions such as the US, UK, Australia, Malaysia, Middle East, and Africa. My expertise lies in IFRS9, CCAR, CECL, IRB, and Credit Rating model development and validation for retail and wholesale portfolios. I am adept at driving results and strategizing risk management initiatives.
Overview
17
17
years of professional experience
Work History
Technical Director
4pi Analytics India Private Limited
12.2023 - Current
- Leading a team of 20+ consultants in developing IFRS9 and Corporate Rating Models for a Central Bank in the Middle East region as part of their supervisory program
- Spearheaded multiple model development and validation projects for top banks in the UAE, ensuring strict adherence to the latest model risk management guidelines
- Designed tailored methodologies for Corporate Rating and IFRS9 model development, aligning solutions with client requirements, available infrastructure, budget, and regulatory standards
- Developed Corporate model development capability within the organization through comprehensive training sessions
- Leading the creation of project proposals and managing technical project delivery to seize new business opportunities
Director
Equity Group Holdings PLC
07.2022 - 11.2023
- Established and implemented Model Risk Management Frameworks and Policies to effectively identify, assess, monitor, and mitigate model risks across all Subsidiaries
- Formed and led an independent model validation team for thorough validation of all models within the Equity Group
- Conducted comprehensive internal and external training sessions for key stakeholders and Board of Directors, fostering a robust model risk management culture across the organization
Vice President
HSBC Electronic Data Processing
07.2018 - 06.2022
- Led a team of 25 model developers to build best-in-class IFRS9, CECL, and CCAR models for retail portfolios across US, UK, Canada, and Mexico regions
- Led the global IFRS9 Model Methodology team and established an integrated approach and process for more than 200 portfolios across HSBC Group
- The enhanced approach and process resulted in better accuracy (>20%) in credit loss estimation
- Delivered first account-level CCAR models for HSBC US Cards and Private Banking Portfolio
Lead Consultant
FICO India Pvt Ltd
06.2016 - 07.2018
- Developed IFRS9 models for all the retail and wholesale portfolios for leading banks in Australia, Malaysia, Thailand, and Brunei
- Developed multiple IFRS9 model methodologies for different markets, which were approved by FICO technical committee
- Managed multiple clients across different regions and provided regulatory guidance and advisory support
Manager
American Express
09.2014 - 06.2016
- Developed AIRB (PD, EAD & LGD) models for US consumer portfolios
- Delivered framework on the integration of Basel and CCAR models
Assistant Manager
Barclays Shared Services
06.2012 - 09.2014
- Developed AIRB models for Barclaycard UK portfolio which was approved by PRA in 2013
- Developed and helped implement Pillar I stress testing methodology
Assistant Manager
HSBC Electronic Data Processing
06.2010 - 06.2012
- Developed AIRB (PD, EAD & LGD) models for HSBC UK SME portfolio
- Developed indicative limit model for HSBC UK SME portfolio
Analyst
GE Money
01.2010 - 08.2010
- Developed application scorecard for Thailand Credit Card portfolio
Associate Business Analyst
Infosys Technologies Limited
05.2008 - 01.2010
- Validated home equity line and loan models and developed benchmark model for one of the top 10 US banks
Education
M.Sc. in Statistics And Informatics -
Indian Institute of Technology
Kharagpur06-2008
Skills
- IFRS9 Model Development
- CECL Model Development
- CCAR Model Development
- Stress Testing
- Wholesale Rating Model Development
- Credit Risk Scorecards Development
- Forecasting Model Development
- Leadership
- Stakeholder Management
Languages
- English
- Hindi
Timeline
Technical Director
4pi Analytics India Private Limited
12.2023 - Current
Director
Equity Group Holdings PLC
07.2022 - 11.2023
Vice President
HSBC Electronic Data Processing
07.2018 - 06.2022
Lead Consultant
FICO India Pvt Ltd
06.2016 - 07.2018
Manager
American Express
09.2014 - 06.2016
Assistant Manager
Barclays Shared Services
06.2012 - 09.2014
Assistant Manager
HSBC Electronic Data Processing
06.2010 - 06.2012
Analyst
GE Money
01.2010 - 08.2010
Associate Business Analyst
Infosys Technologies Limited
05.2008 - 01.2010
M.Sc. in Statistics And Informatics -
Indian Institute of Technology
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