SUMIT WAGHAVADE
Risk Management & Analytics
Pune
Summary
Sumit is a Results-driven Risk Analyst bringing proven skills in administering Credit risk management strategies. he has over 2.5 years of experience in Analytics backed Credit Risk management for unsecured lending, 2.5 years of experience in Project Finance and 1 year of experience in Machine learning.
Overview
8
8
years of professional experience
18
18
years of post-secondary education
4
4
Certifications
3
3
Languages
Work History
Sr. Analyst
American Express, AMEX
11.2021 - Current
- Acted as SME for Risk based negative action strategies viz., Limit Addition/Reduction/Removal & Card Cancellation for both Lending and Charge Card portfolio.
- Managed credit risk strategy for 21 International markets (across EMEA/JAPA/APAC regions) having 750k+ accounts
- Conducted in-depth portfolio analysis to propose new Risk thresholds for existing strategies with $ benefit of ~
- Proposed advanced Debt-Capacity Ratio based formula for calculating Minimum Line Amount for Charge Cards
- Successfully migrated MIS of the team from SAS based logic to Python based logic for consumption at Senior leadership level
- Delivered Knowledge-Sharing sessions for newly joined & low tenure teammates on critical project insights.
- Addressed Internal Audit queries acting as POC for the team
Manager - Stressed Asset Management
Yes Bank Ltd.
05.2020 - Current
- Preparation of Resolution plan for stressed assets clients in Real Estate sector for Senior Management
- Stressed Asset portfolio management of INR 3,600 Crores along with managing requirements of client
- SPOC for evaluating third party Forensic Audit, Technical Due Diligence, Cost Vetting, Sales Audit
- Structuring of documentation viz., Inter-creditor agreement, Novation of Debt, Mortgage Deeds etc
- Exploring and evaluating scenarios of Priority Lending, Joint Development, OTS for optimized recovery
- Identify potential revenue leakages, cost optimization scenarios for de-risking recovery efforts
- Preparation of Legal Notices (Wilful Defaulter, Loan Recall, Guarantee invocation) alongwith Legal Team.
Manager Large Corporate - Urban Infrastructure Banking
Yes Bank Ltd.
05.2019 - 04.2020
- Deal structuring & Financial Analysis in Real Estate, Hospitality & Healthcare Sector
- Portfolio Management of INR 4,000 Crores along with managing end to end requirements of client
- Regular Internal communication with Risk, Mid-Ofc, Back-Ofc, Legal, Vigilance, Compliance Teams
- Identifying funding opportunities for new & existing clientele through Structured Asset Products
- Monitoring & Reporting for analysis of financial risk impact through forecasting for the portfolio
- Preparation of Credit Appraisal Memorandum for Debt Financing in Urban Infrastructure Banking
- Performing due diligence, analyzing feasibility through Secondary Research & Financial modelling
- Strategies for Streamlining processes and Cost optimization to provide seamless banking experience
- Fortnightly presentation of key metrics on portfolio performance, way ahead to the senior management
- Analyzing Cross sell potential with various teams for structuring one stop Technological solutions.
Quantitative Analyst
AlgoAnalytics Financial Consultancy
10.2015 - 07.2016
- Developed a model for Customer Dormancy Prediction for top brokerage firms in India
- Exercised various statistical and mathematical techniques using R and Python software
- Predicted Dormant Customer with ~80% Accuracy,78% Sensitivity, 82% Specificity values
- Clients accomplished loss reduction of₹10+ lacs Rupees by targeting identified customers
- Predictive Maintenance tool for identifying the failure trends in the tyre treading machines
- Identified failure trends and helped build rules for notification of the failures in reasonable lead time
- Predicted future failures successfully with - ~75% Accuracy, ~70% Sensitivity and, ~73% Specificity
- Realized overall project execution time reduction by 88.88% (↓) by inculcating semi-automation.
Education
MBA - Finance
FMS
Delhi, India 04.2001 - 04.2019
B.Tech. - Electrical Engineering
College of Engineering Pune
05.2015
Class XII - undefined
Vivekanand College Kolhapur
Kolhapur, MaharashtraClass X - undefined
S. M. High School, Kankavli
Kankavli, MaharashtraSkills
Data Analytics
Global Stakeholder Management
Presentation
Mentorship
SQL Programming
Python Programming
Tableau
Certification
Completed course in Credit Analysis certification by FinShiksha & scored 75-80% marks, 2018
Accomplishments
- Admission offers from IIM Bangalore and IIFT, Delhi for post-graduation degree in MBA, 2017
- Secured rank in top 30 percentile among 215+ students at FMS Delhi in the 1st semester, 2017
- Merit Holder - Bhaskaracharya Talent Search Exam. - 3rd in state; MTSE - 33rd in state, 2008
- Merit Holder - National Talent Search Examination scholarship, 2008
Positions Of Responsibility
- Purchase Head, Co-ordinated various purchases pertaining to events and related infrastructure requirements, 2014
- Class Representative, Elected by 80 students to coordinate among the faculties, students and admins of FMS, 2017
- Publicity Co-ordinator, Led a team of 50+ members for publicizing national technical fest MindSpark'12 of CoEP, 2012
- Event Co-ordinator, Handled a technical competition, Circuit Fixer, consisted of 100+ teams across the nation, 2012
- Student Representative, Administered as the Student Representative of Electrical Engg Student Association Library, 2013
Corporate Competitions
- Awarded Pre-Placement Interview (PPI) offer by Yes Bank for Corporate Finance role, 2018
- National Finalist in American Express competition - 'American Express Challenge 2017', 2017
- Selected for National round - ICICI Bank Limited- 'Beat The Curve Challenge 2017', 2017
- Campus Finalist in Renew Power comp., financial modelling and diversification strategy, 2018
Extracurricular Achievements
- 1st Runner-Up in the Parody Making competition, Blitzkrieg 2017, an Inter Section event, 2017
- Completed 10km milestone in Runathon of Hope Marathon, Rotary Club Pune, 2016
- Guinness world record holder - 3248 people solving Rubik's Cube simultaneously, 2012
Personal Information
- Age: 32 years
- Hometown : Kolhapur(Maharashtra)
- Hobbies: Long bike rides, Watching TV series
Timeline
Sr. Analyst
American Express, AMEX
11.2021 - Current
Manager - Stressed Asset Management
Yes Bank Ltd.
05.2020 - Current
Manager Large Corporate - Urban Infrastructure Banking
Yes Bank Ltd.
05.2019 - 04.2020
Quantitative Analyst
AlgoAnalytics Financial Consultancy
10.2015 - 07.2016
MBA - Finance
FMS
04.2001 - 04.2019
B.Tech. - Electrical Engineering
College of Engineering Pune
Class XII - undefined
Vivekanand College Kolhapur
Class X - undefined
S. M. High School, Kankavli