Market Risk Management Summit 2017

Speakers

Amol Padhye

Head-Market Risk

HDFC Bank Ltd.

Mr. Padhye has over 14 years of strong experience in Treasury and Risk Management across Indian Bank, Foreign Bank and Risk Consulting space. Key expertise: Trading Risk, ALM Risk, Liquidity Risk, Counterparty Credit Risk and Risk Technology Implementation. Amol currently Heads Market Risk at HDFC Bank covering Trading Risk, Liquidity Risk, ALM Risk and Counterparty Credit Risk. As part of the role, he has extensive experience of interacting with Treasury and Senior Management in designing and strengthening the Risk Management framework of the Bank. He also spends quality time in setting the credit lines to the Banks, ensuring RBI and Basel compliances. Before HDFC Bank, Amol led Treasury and ALM advisory practice at Ernst & Young LLP India. He has experience of consulting banks across India, South East Asia and Middle East region. Over and above this, he has also led multiple Risk Technology projects in these regions. Prior to this, Amol was heading Market & Liquidity Risk at BNP Paribas, India. During this stint, he performed management roles across various committee such as Asset & Liability Committee (ALCO), Basel Steering Committee and Permanent invitee to Executive Committee (Board) of BNP Paribas, India. On academic side, Amol is Chartered Accountant from India (ICAI). Professional Experience: He is a visiting Faculty at a leading Management & Research institute in Mumbai conducting lectures on “Derivatives & Risk Management” for MMS & MBA students. He is also a regular speaker at various conferences focusing Treasury and Risk Management

Aparna Nirgude

Chief Risk Officer

SBI Mutual Fund

Aparna Nirgude is Executive Director and Chief Risk Officer at SBI Funds Management (P) Ltd. (a joint venture between State Bank of India and Amundi), which is among the top players in the Indian asset management space. She is responsible for assessing and managing Enterprise risks including market risk, credit risk, liquidity risk, operational risk, etc. She has been associated with the company for over 20 years in different capacities and has a unique blend of investment management as well as risk management expertise. She has a strong background with diverse experience spanning fund management, research and risk management. She has been instrumental in introducing enterprise-wide best practices in risk and performance management and in adding a strategic perspective on the practice of risk management. She is also a speaker at international conferences on risk and performance management. Aparna has a degree in management studies from Jamnalal Bajaj Institute of Management Studies, Mumbai. Her interests include reading and travelling. She is also a meditation teacher with SMKYF and is engaged in various philanthropic activities.

Animesh Chatterjee

SVP -Treasury

Fullerton India Credit Company Ltd.

Animesh Chatterjee, a CA with 16 years’ experience in NBFCs like Fullerton India (NBFC and Home Finance), Tata Group (NBFC and Home Finance), SREI Infra and Equipment, India Infoline Home Finance and in Manufacturing Companies like Blue Star, Bata India and Vinay Cements Limited. His key skills are Fund Raising (Domestic and International), Liquidity Management, Investment of Surplus and Retrial Funds, Cash Flow and Working Capital Management, Forex Management, Treasury Risk Management, Planning and Budgeting, Balance Sheet Management, Formulating Processes and SOPs, Corporate Finance, Accounting and Costing etc.

Dr.Vardhana Pawaskar

General Manager and Head of Research

Bombay Stock Exchange

Dr. Vardhana Pawaskar is the General Manager and Head of Research at the BSE, Mumbai. She is responsible for macroeconomic analysis, market and policy research, and quant research related to regulatory and surveillance methods for the capital markets. She has over 17 years of experience in investment banking. Prior to joining BSE, she has worked with firms like Nomura, RBS, Morgan Stanley, ICRA and NSE. She has worked with the Quant Research teams and the Algorithmic Trading Strategies teams for fixed income, currency and derivative products. Her areas of interest are Exchange Surveillance Methods, Fixed Income Analytics, Asset valuation and Risk measurement, and Global Financial Markets. She holds a Ph.D from Indira Gandhi Institute of Development Research, Mumbai and a B.E. from RAIT, Mumbai. She has publications in reputed journals like Vikalpa, Decision and Indian Economic Review.

Neelesh Singh

Head of Markets Risk and Operational Risk

Australia and New Zealand Banking Group limited

Neelesh Singh is currently working with Australia and New Zealand Bank as Head of Markets Risk and Operational Risk. In his current role he leads a team providing Quantitative, Analytics and Research services across these two Risk domains for the Group Risk Department. ANZ, is the fourth largest bank by market capitalisation in Australia with AUD 0.9T in assets and presence in 33 countries. He has been with the bank from last 8.5 years setting up global risk functions and played a number of global roles in areas of Risk Reporting. He has 13+ years of diverse and strong experience in Risk Management and Analytics. Prior to ANZ, he has worked in the analytics boutique firm and financial services organisations including Fidelity Investments. He has Engineering degree in mechanical engineering and a numbers of certifications in Statistics, Project management, Data Science, Financial Risks and Leadership. He also conducts training in the field of financial products and analytical techniques. His interests include reading and travelling. He is passionate about Risk, Analytics and Environmental Sustainability

Piyush Chourasia

Chief Risk Officer

Indian Clearing Corporation Ltd.

Piyush Chourasia is the Chief Risk Officer and heads the Strategy function at ICCL. He is responsible for setting up and implementing the risk management procedures in compliance with SEBI guidelines and testing the adequacy of risk management measures with Indian as well as international benchmarks including the CPMI, BIS, IOSCO, EMIR, Dodd-Frank, among others. He is also responsible for policy making and conceptualising new product innovations and risk management frameworks for the BSE Group. He is part of various Committee sub-groups and Working Groups at SEBI and RBI, and has contributed to various Government committees and reports on financial markets. He is a member of the Capital Markets committee of the Federation of Indian Chambers of Commerce and Industry (FICCI). He is also a member of the Post Trade Working Group of the World Federation of Exchanges and the IOSCO AMCC Working Committee on Distributed Ledger Technology. In his previous assignments, he was instrumental in setting up and operationalising United Stock Exchange of India Ltd. (USE), a Pan-India Currency Derivatives exchange, where he also used to head the Compliance, Corporate Affairs & Strategy functions. Prior to joining USE, he has worked on introducing Exchange Traded Currency Derivatives in India at SEBI. Piyush has a B. Tech from NIT Nagpur and a PGDM from IIM Ahmedabad.

Piyush Chamria

Chief Risk Officer (Markets)

Edelweiss Securities Limited

Piyush is currently working as CRO for multi asset global proprietary trading desk, Global Markets, in Edelweiss. He has previously working with KPMG as financial risk consultant. MBA from XLRI Jamshedpur and CFA, PRM – he has served clients in Europe, GCC, SE Asian countries and India. He has created framework for Basel 2.5 and Basel 3; Functional expert on market risk; He has also conducted trainings on treasury and derivatives valuations at NIBM, XLRI, Banking consortiums, KPMG international training programs.

Raghuvir Mukherji

Chief Risk Officer

IIFL Wealth and Asset Management

Raghuvir Mukherji is Chief Risk Officer of IIFL Wealth and Asset Management. He is responsible for enterprise risk management across all the businesses of IIFL Wealth and its subsidiaries, covering Mutual fund, Alternative assets, Lending, Advisory and Distribution. He has around 16 years of experience spanning various organizations; he has worked in the capital markets /securities services arena with Citibank, HSBC and JP Morgan, and in functional consulting with Infosys Technologies. He has also worked briefly with an equity research start-up. In his last role, he was working as Chief Risk Officer of Reliance Nippon Life Asset Management Ltd, responsible for risks across its Mutual Fund, Portfolio Management Services, AIF and Pension Fund businesses. Prior to that he was Vice President, Risk Policy and Analytics with HSBC covering such things as the wholesale lending policies of the Bank and the agenda for the Risk Management Committee.

Raghuvir is an alumnus of St. Xavier’s College Kolkata, a Chartered Accountant and Certified Financial Risk Manager (FRM) accredited by the Global Association of Risk Professionals, USA

 

Raj Benahalkar

Chief - Strategy & Risk

National Commodity & Derivative Exchange Ltd.

Mr. Raj Benahalkar is presently working as Chief Strategy & Risk Officer at National Commodity & Derivative Exchange Ltd (NCDEX). At NCDEX he is responsible for the overall Business Strategy and Risk Management Policy framework both at financial and physical side of the business. He chairs various committees and forums at NCDEX that are transformational and strategically important. He is part of the Executive Committee (EXCOM) at NCDEX. He has been in the past the Co-Regional Director of Professional Risk Managers’ International Association (PRMIA) at its Mumbai Chapter. Before joining NCDEX he held the position of Head - Market Risk at YES Bank and similar role at IDBI Bank. Academically he is a B.E. (Industrial Electronics), MBA (Finance) and Diploma in Marketing Management. He has undergone various programmes from reputed organizations and including Strategy and Leadership such as Euromoney, Dun & Bradstreet and IIM, Ahmedabad. He has been trained both in India and USA for the ISB-Kellogg Global Advanced Management Programme, Strategic Thinking and Leadership for Growth programme at Wharton and Leading for Innovation program at Johnson Cornell University. He has vast experience of over 22 years in areas of Risk Management, Strategy, Innovation, Commodities, Treasury, Structured Finance, Investment Analysis and Project Finance and has spoken at various domestic and International forums.

Rujuta Thatte

Senior Director- Head Market Risk

IDFC Bank Ltd.

Rujuta Thatte has 16 years of experience in the Financial Markets. A Chartered Accountant, with a strategic management course from IIM Calcutta. Started career as a dealer in Fixed Income, Money Markets FX and Derivatives, handled Balance Sheet management which included CRR and SLR maintenance, Balance sheet liquidity risk and interest rate risk hedging etc. Later on, due to family considerations took up the risk management profile relating to Treasury Trading Book and Asset and Liability Management. Has worked with various institutions like HDFC Bank, Tata Group of companies, ING Vysya Bank. Currently working as Head Market Risk with IDFC Bank. Current profile includes managing Market risk, Liquidity Risk and Interest Rate Risk on Trading Book and Banking Book of the Bank. Managing risk on Foreign exchange business, Derivatives products, Interest Rate related products Laying down appropriate policies and procedures for monitoring Market risk in line with the internal risk appetite and International standards. Part of Balance Sheet Management for managing Interest Rate Risk and Liquidity Risk. Manages pricing of deposits and advances, Funds Transfer pricing within various units of the bank. Handle Implementation of Advanced Internal Models approach (IMA) for Market Risk and Counterparty Risk. Handle Implementation of ICAAP.

Shrikant Subbarayan

Group Chief Risk Officer & Chief Corporate Controller

Edelweiss Financial Services Limited

Mr. Shrikant Subbarayan is Chief Corporate Controller and Group Chief Risk Officer at Edelweiss Financial Services Limited. At Edelweiss, he provides Group level oversight of risk and control structure. In addition, he is also responsible for identifying opportunities in terms of strategy, people, process and technology within Edelweiss. He is also a member of Edelweiss Management Committee. Prior to joining Edelweiss, he was associated with Financial Technologies, MCX & NCDEX. As President - Financial Technologies he was primarily responsible for setting up Singapore mercantile exchange -SMX. In his role as "Principal Advisor " at MCX - SX and as Chief Business Officer at NCDEX , he was known to be the brains behind the business and successfully created Billion dollar businesses within a year. He also founded UNNATI, a 'Venture Catalyst' firm with the vision of 'Nurturing Business, Creating Value', a novel concept to infuse management capital as a catalyst to help businesses attain their potential. Shrikant has a unique skill set encompassing 360 degrees understanding of the financial markets - the exchange perspective, the industry perspective and the trader's perspective. Widely regarded, as one of the father figures instrumental in developing India's financial markets, viz Commodity markets and Currency Derivatives. His deep product insight has earned him respect in the industry circles and that coupled with keen market insight has resulted in both these markets growing rapidly. He has been invited to speak in various industry conferences and has also been a member of CII committees. He is MBA, Finance from S.P. Jain Institute of Management & Research.

Sonjai Kumar

Vice President (Business Risk)

Aviva Life Insurance India

Mr. Sonjai Kumar is a recipient of “Risk Officer of the Year 2017” award from Legal Era Magazine in August 2017. He is working in Aviva Life Insurance Company India Ltd as a Vice President (Business risk) in the Risk Management Department for over Five years. He is providing oversight risk management in the areas of Insurance and Financial risk. His key contributions is in the areas of Business Planning, Strategic Decision, Product Development, Risk Based decisions, Capital Management, Assets and Liability management, etc. He has extensive knowledge and experienced in risk management and governance frameworks, methodologies, and emerging practice, in relation to the financial services context. He is a dedicated risk professional with the total life insurance experience of 24 years covering areas of Insurance, Risk Management and Actuarial Science. His professional and academic contribution comes from speaking in different risk conference in India and abroad. Recently, he was speaker and Panellist in the Conference on Risk Based Capital in Manila; he also spoke recently in Colombo on Risk Based Capital. He has written several articles and presented papers in the area of Actuarial Science and Risk Management. He is passionate about taking risk knowledge forward to wider audience. Mr. Sonjai is a Specialist Member of Institute of Risk Management, London, in the area of Financial Risk; he has also done Post Graduate Diploma in Actuarial Management from City University, London. He has also done one year executive program in Senior Management from IIM Calcutta. His academic background is Masters in Mathematics from the University of Delhi. He is also a part qualified actuary.

S.V. Sunder Krishnan

Chief Risk Officer

Reliance Nippon Life Insurance Company Limited

Sunder Krishnan has an experience of Three decades in various Organizations, his background as a senior and middle level manager with exposure to Bank businesses and operations in more than 12 countries he has been a part of all the core groups – Managing Committee, Control Committee, Board Meetings, Product Committee, Investment Committee and the like. IT consulting & strategy, IT security and IT Audits for banks in India and abroad Marketing of Assurance, IT security and consulting services during the managerial tenure in Ernst & Young for the years 1993–97 and during consultancy assignments 2002-03. He has worked for various organizations such as: DSP Merrill Lynch for the Year 2005-06 as Senior Vice President - Corporate Audit Services for the entire DSP Merrill Lynch Group of Companies, Member of Risk and Audit Committees. ING Vysya for the years 2003-05 as Senior Vice President and Senior Audit Manager - Corporate Audit Services and a permanent invitee to various IT committees, Member of IT steering Committees, Risk and Audit Committees. Credit Lyonnais as Vice President – Audit, Compliance and Integrated Risk Management and a member of the weekly Managing Committee for the years 2000-02, Member of Weekly Management Committee responsible for running of the bank. Standard Chartered as Senior IT auditor responsible for IT audits, payments audit for 12 countries in Middle East and South Asia regions for the years 1998-2000, Handled two projects: Credit cards at Dubai and Car Loans in Mumbai. Bank International Indonesia as Head of Audit and Compliance and a part of the weekly Management committee of the Bank, Member of weekly management committee responsible for running of the bank. Ernst & Young – Audit Manager – Managing a number of Financial Services assignments. Delloitte - Statutory audit of NOCIL, PIL, Tandon Group of companies in SEEPZ. His professional experience and Qualifications: Was a President of ISACA Mumbai Chapter for the year 2007-08 and was a member of Board of Advisors to Bombay Chartered Accountants Society for Internal Audit Studies for the year 2005-06. Was a Member of Board of Studies – NMIS for MBA – Actuary during the year FY-11. Am the Chairman of ISACA India Growth Task Force–ISACA International for the last two financial years. His Qualifications: Bachelor in Commerce and Economics, Chartered Accountant, Certified Information Systems Auditor (CISA), Inter Company Secretary and Check Point Certified Security Administrator (CCSA); Enterprise Wide Risk Management Program from AIM – Asian Institute of Management - Manila

Vikram S Bhorawat

Director & Head, Market Risk Management

Deutsche Bank

Vikram Bhorawat is currently the Director & Head, Market Risk Management with Deutsche Bank. He has 15+ years of relevant experience and has worked in leading banks including Credit Suisse, Citibank, HSBC and ICICI Bank (largest private sector bank in India) across risk functions prior to joining DB. He has worked for 8+ years in credit risk covering PD/LGD modelling, portfolio analysis, securitization, retail credit scoring, credit policy for commercial/retail banking and 7+ years in Market risk covering risk capture of complex trades, valuation/validation of pricing/risk methodologies, PDD (Product Due Diligence) approvals, VaR/ERC attribution & analysis etc. Vikram holds a MS in Statistics from Indian Institute of Technology, Mumbai (IIT-B), one of the prestigious engineering institutions in India with a strong global reputation.