Susant Majumdar

• Lead initiatives in Cybersecurity Risk, IT Risk, Digital Risk, and AI Risk Management, ensuring alignment with regulatory standards and the bank’s risk appetite.
• Designed, developed, and implemented the bank’s IT and Information Security (Cybersecurity) Risk Management Framework, strengthening controls, metrics, and governance processes to manage evolving cyber threats.
• Spearheaded the development and successful rollout of a comprehensive AI Risk Management Framework, addressing model risk, ethical considerations, data governance, and regulatory compliance.
• Played a central role in IT Governance, contributing to strategic decisions involving IT operations, digital transformation, and risk posture.
• Provided oversight for Retail Credit Risk, leveraging advanced data analytics to improve risk insight and decision-making:
  Utilized Python for data analysis, model development, and reporting automation.
  Built interactive Power BI dashboards to visualize portfolio risk and performance for senior leadership.
• Collaborated with cross-functional teams (IT, Compliance, Internal Audit, Data Science) to ensure a cohesive and proactive risk management approach.
• Supported internal and external audits, as well as regulatory inspections related to IT, Cybersecurity, and AI risk.

Key Achievements:

• Successfully reduced IT and cybersecurity risk incidents by 25% year-over-year through robust framework implementation and stakeholder engagement.
• Developed and implemented an AI risk framework that was adopted bank-wide, positioning the organization ahead of regulatory expectations.

Certification:

• Certified in Risk and Information Systems Control (CRISC) – ISACA

• Created thorough credit analysis reports for new borrowing proposals, enabling effective risk evaluation
• Improved the efficiency of credit approval process, reducing the turnaround time by 50% while maintaining the quality of credit decisions
• Appraised proposals, conducted risk analysis & scrutinized relevant documents before sanctioning loans and ensured compliance with the bank’s credit policies by 100%.
• Ensured credit scoring and grading processes were fair and compliant whilst maintaining lending security
• Conducted working capital assessment, project finance, financial modeling, credit worthiness of the borrower, credit risk & mitigation analysis, SWOT analysis, process improvement, pre sanction negotiation in sanction terms
• Worked on all established collection procedures and spearheading the credit management function
• Awarded and recognized for outstanding work in the field of Credit Monitoring and Assets Management in financial year 2019.