Vijay Gwalani

• Managing and mentoring a high-performing team of 3 members.
• Execute and oversee testing of design and operating effectiveness of the controls across various processes.
• Design and review risk & control matrices (RCM) across retail and corporate lending related processes.
• Facilitate RCSA through independent consultants within the IFC review cycle.
• Conduct root cause analysis of reported Operational Risk incidents and track for remediation and implementation of preventive controls.
• Conduct annual reviews of KRIs to assess relevance and tolerance limits, ensuring ongoing effectiveness.
• Monitor operational risk trends & report KRI breaches to senior management (ORMC, RMC).
• Prepare detailed operational risk reports for various senior management committees.
• Annual review of policies and frameworks - ORMF, ERM, ICAAP, Dedupe Policy, Segregation of duties framework etc.
• Conducting ICAAP assessment and stress testing to assess capital adequacy.
• Maintain the Risk and Control register and ensure accurate reflection of current risks.
• Oversee annual review of SODs implemented by IT to ensure compliance with respect to existing rulebooks.
• Managing implementation of GRC tool to automate reporting of KRIs, incidents, Controls

Key highlights

• Recognized as one of the top performer for last 3 years
• Revamped Operational Risk Policy in line with RBI Guidance Note on Operational Risk Management and Operational Resilience.
• Drove optimization of deduplication engine rules to strengthen accuracy credit decision-making.
• Working in close partnership with other Risk teams and IT stakeholders to develop tableau based Risk Mart.
• Collaborated with various units and designed SOD rulebooks of various systems to minimize risks emanating from conflicting accesses.
• Designed organization wide training modules on Operational Risk.
• Built meaningful exception reports to flag logic issues in UCIC mapping.
• Oversee and drive remediation of key audit issues and process gaps, ensuring timely implementation and regular updates to CXO-level stakeholders.

• Conducted in-depth reviews of U.S. reporting processes, ensuring compliance with regulatory requirements such as FR Y-9C, FR Y-11, FRY-9LP, FFIEC 041, and CUSO Risk Report.
• Executed sample-based transaction testing to evaluate the accuracy of data used in reporting processes.
• Generated concise written reports, test memos and outlining conclusions for Senior management.
• Led weekly engagements with stakeholders delivering comprehensive status updates on reviews and exceptions.
• Reviewed remediation actions & assessing the closure of identified risks to uphold regulatory compliance.
• Automated testing work-paper generation.

• Led and mentored a team of 2 FTE.
• Managed aggregation and collation of Operational Risk Indicators for reporting across key risk indexes and top Operational Risks.
• Delivered monthly risk reports and dashboards for various divisions and legal entities, encompassing 300 + KRI/KPI across 22 risk appetite reports.
• Partnered with risk managers and data providers to implement enhancements, improving accuracy and quality of risk reporting.
• Streamlined manual processes to minimize errors and inconsistencies.
• Developed a VBA-based tool transforming unstructured Loss data into a consumable format for reporting.
• Developed data validation utilities to detect quality gaps in operational loss data and generate comprehensive reports.
• Consistently recognized as one of the top performers.
• Earned 22 awards from partner units for exceptional client focus and accountability.
• Developed VBA utilities for regulatory reports, contributing to efficiency gain equivalent to 10 man-days.
• Collaborated with the Operational Risk Management (ORM) framework to successfully implement Global and Divisional dashboards.

• Assisted front-office traders and RMs with their hedging requirements using OTC & exchange-traded derivative products, adhering to RBI and SEBI guidelines.
• Liaised with clients, RMs, and banks to address queries regarding confirmations, underlying exposures, and other hedging needs.
• Advised clients on relevant regulations, requirements, and operating procedures based on their business model, commodities, and exposures.
• Designed & Implemented sanction screening process with essential controls for the derivatives desk.
• Automated contract note generation using VBA for exchange-traded currency derivatives, reducing manual effort and errors.
• Honored with 5 awards , including recognition for executing Eflow DSS (OCR) implementation across APAC, optimizing sanction screening, and delivering exceptional front-office operational support

• Conducted reviews of contractor accesses supporting Citi businesses & mitigating risks related to segregation of duties.
• Delivered reports & dashboards providing forecasted and daily snapshot of the review volumes to the senior management.
• Conceptualized and implemented a streamlined entitlement review process from ground up.
• Automated access rights template creation using Excel VBA and significantly boosting team productivity .