Operational Risk Management

VIKAS K SHARMA

Oman Address: **, Building ****, Way 2724, Block 127, CBD, Ruwi, Postal Code 112, P.O. Box 134, Muscat

India Address: 703-C, Dheeraj Presidency, Opp. Swimming Pool, M G Road, Kandivli (W), Mumbai, Maharashtra

Email Id: ***************@*****.*********:***********@*****.**.********: +968-****-**** (Oman) Linkedin URL: www.linkedin.com/in/VikasSharmaCareer

EDUCATIONAL QUALIFICATIONS

Chartered Accountant from The Institute of Chartered Accountants of India (2010) [Associate Membership No. 136720]

Executive Programme of Company Secretary from The Institute of Company Secretaries of India (2010)

Graduate in Bachelor of Commerce and Economics from University of Mumbai through Narsee Monjee College (2007)

Certifications on:

‘Big Data 101: Big Data Foundation’s - Level 1’ by IBM: Big Data University (2017)

‘Data Science 101: Data Science Foundation’s – Level 1’ by IBM: Big Data University (2017)

Anti-Money Laundering, FATCA, Fraud Awareness conducted by Thomson Reuters Accelus (2016)

AML, Sanctions, Anti-Bribery, Corruption, Frauds, Code of Conduct, Data Asset by Citi Bank’s Learning Global Function (2014)

Foreign Exchange Business & Regulations by Reserve Bank of India and Foreign Exchange Dealers’ Association of India (2013)

Card Frauds conducted by National Institute of Bank Management (2013)

PROFICIENCIES

Operational Risk Management

Compliance Management

Conduct Risk Management

Strategy and Governance Framework

Aligning Op Risk Appetite with Goals

Risk and Control Self-assessments

Key Risk Indicators and Red-Flags

Root Cause Analysis of Risk Events

Scenario Assessments

Stress Testing’s

Scaling of External Risk Event Losses

Business Continuity Management

Risk Financing and Insurance Mgmt

Business Process Re-Engineering

Reviews of products and processes

Change Management

Data Linkage, Modelling & Reporting

Op Risk Capital Charge Computation

Anti-Money Laundering, Anti-Terrorist Financing

Sanctions Compliance and Exclusions

Anti-Bribery & Anti-Corruption

Fraud Risk Mgmt [Prevention, Detection, Investigation, Reporting and Analysis]

Code of Conduct [Gifts, Entertainment; Insider Trading; Use of Office Resources]

Data Protection, Privacy & Confidentiality

FATCA Essentials

Anti-Trust, Anti-Competitive Behaviour & Fair Competition

Compliance Monitoring, Testing & Solution

Reporting & Interactions with Regulators

Trainings for Risk Culture & Awareness

Incentivize good behaviours; deter poor ones

Proactively identify indicators of bad behaviours

Develop open risk culture and whistle programs

New product development approval processes

Risk-based testing processes for existing product

Monitor product suitability at relationship stages

Align business model, products and practices with fair customer treatment and outcomes

Prevention, Detection, Prediction of Misconduct

Fair and clear financial promotions materials

Create risk-aware sales incentive framework

Post-sales handling and complaints management

Responsibly safeguarding client monies, assets

Prevent and detect conflicts of interest

Third-Party Risk Management

Reputational Risk Management

Assurance and Auditing

Due diligence in selection onboarding

Contract negotiation & considerations

Incentive compensation reviews

Contingency plans and considerations

Documentation and reporting

Ongoing monitoring and oversight

Periodic independent reviews

Questionnaire-checklist based reviews

Reputation-reality gap assessment

Assessing stakeholders changing expectations impact on reputation

Identification of reputational risks arising from each ‘New’ and each ‘Existing’:

Transactions

Relationships

Actions

External Statutory Audits

Internal Audits

Sarbanes-Oxley (SOX) Audits

Concurrent Audits

Stock Audits

Consolidation Audits

End User Computing Audits

Risk Management Audits

7 YEARS PROFESSIONAL EXPERIENCE IN RISK MANAGEMENT, COMPLIANCE AND AUDIT

Organizations

Functions

Period

Contributions and Achievements

Bank Muscat, Oman

Assistant Manager,

Risk Mgmt

Mar’15 – Present

Playing the role of a technical leader in managing banks entire op risks

Migrated op risk practice to and by implementing a new integrated software

Identified gaps with respect to Basel regulations and fixed them

Streamlined bank-wide insurance processes as risk mitigant tool

Resolved regulatory and internal audit observations during inspections

Conducted bank-wide business specific customized trainings for risk culture

Computed op risk capital under advanced approaches through modeling

Periodic Op Risk Mgmt reporting’s to Board, Risk Committee and CRO

Ernst & Young LLP, India

Senior Consultant,

Financial Services Risk Mgmt

Dec’13 – Mar’15

Identified business opportunities, converted them, accelerated revenue

Demonstrated superior delivery skills by leading multiple projects

Secured excellent feedbacks from international and local banks (clients)

Contributed in training initiative of EY India’s Risk Management practice

Secured outstanding performance rating 5/5 in annual appraisals for significantly exceeding expectations in multiple engagements

Clients: Credit Suisse, Citibank, American Express, State Bank of India, Karnataka Bank, UCO Bank, Allahabad Bank, Syndicate Bank, South Indian Bank, Laxmi Vilas Bank, Indian Bank, Sustainable Agro-commercial Finance

Yes Bank Ltd, India

Manager,

Risk Mgmt

Jul’13 – Nov’13

Promoted as ‘Manager’ for outstanding performance

Conducted assessments and causal analysis for losses & revenue leakages

Identified red flags, KRIs for business lines; conducted customized trainings

Analysed emerging risks i.e. ‘Cybercrime, IP Theft, Counterfeiting, Piracy, Identity Theft’ against the bank during replacement hiring of bank’s CISO

Associate,

Risk Mgmt

Jul’11– Jun’13

B S R and Company, India

(KPMG)

Executive,

Financial Services Audits

Aug’10 – Jul’11

Audited corporate banking; SME banking; restructured, labelled and stressed accounts; non-performing assets; provisioning; group entities

Streamlined documentations for managing PCAOB and regulatory reviews

Clients: HSBC Bank, ICICI Bank, HDFC Bank, HSBC Securities and Capital Markets I P Ltd, Credit Suisse Securities I P Ltd,, The Share Khan Group

Walker, Chandiok & Co., India (Grant Thornton)

In Charge Accountant,

Assurance and Audits

Sep’09 – Feb’10

Executed external audits, internal audits and stock audits

Assisted seniors in ledger scrutiny, due diligence and documentations

Clients: Italian-Thai Development Public Co. Ltd, Heurtey Petrochem, ICICI Bank (CMS), Bank of Rajasthan, Oman International Bank, IL&FS Securities Services Ltd, Epitome Global Services, Ventura Textiles Ltd

3 YEARS MANDATORY ARTICLED SERVICE FOR COMPLETING CHARTERED ACCOUNTANCY

Organizations

Articled Service in

Period

Walker, Chandiok & Co., India (Grant Thornton)

Assurance and Audits

Apr’08 – Sep’09

Chokshi and Chokshi, India

Accounting, Assurance, Audits and Taxation

Sep’06 – Mar’08

OTHER DETAILS

Marital Status: Married

Fluent Linguistic Skills: English, Hindi and Marathi

Represented Grant Thornton and Chokshi & Chokshi in ICAI’s Inter Firm Cricket Tournament (altogether thrice in 3 years)

Secured State Government Open Merit Scholarship during graduation years (2004-05 to 2006-07) in Commerce and Economics for securing 37th rank at Maharashtra State level in HSC Board examination (10+2)

Learnt firing ‘Point 22 rifle’ under supervision of Indian Navy Commandos and passed ‘Certificate A’ exam for rank of ‘Cadet’ in Mumbai, Maharashtra Naval under authority of Ministry of Defence, Government of India

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