Ashish Dev Email & Phone Number

Ashish Dev is Managing Director in JP Morgan Chase. Ashish has a governance role over economic and regulatory capital methodologies globally and also heads up corporate model risk governance across all businesses firm-wide. In this capacity, one of his major roles is JPMC’s qualification for Basel II for credit risk and operational risk, market risk and securitization capital under Basel II.5, capital charges for counterparty credit risk and liquidity risk under Basel III. He has been heavily involved in Fed-stress tests performed in JPMC for capital adequacy purposes building up from all businesses and risk stripes, as well as in liquidity stress tests. In all these, regulatory liaison at various levels forms a major component of Mr. Dev’s functions. Mr. Dev has led the effort of making model risk as a distinct risk stripe, to be managed with appropriate controls and validation. In the last few years, he has set up governance processes over hundreds of models in JPMC, the results of which are relied on for important decision-making or inform financial statements. Mr. Dev plays a significant role in strategic capital planning, starting from potential reduction in risk-weighted assets for many large portfolios within JPMC.

Mr. Dev was a Managing Director and Special Advisor at niche regulatory and risk consulting firm Promontory Financial Group. Promontory has almost all large banks in the US and many of the largest foreign banks as clients. Mr. Dev specialized in risk strategy for financial institutions, capital management, credit portfolio management and quantitative risk analytics, including credit risk, market risk, operational risk, and enterprise-wide risk management. Mr. Dev has led or been involved in various projects spanning across board education, governance, business strategy, securitization, valuation of hard-to-value assets, strategic and tactical issues related to economic capital, Basel II compliance and conversion of non-banks to bank holding companies

Mr. Dev was Executive Vice President of Risk Management at KeyCorp, a Cleveland-based super-regional bank holding company. There he established a shareholder value-creation paradigm employing an economic capital framework, risk-adjusted pricing of products, risk-adjusted performance measures, and compensation indicators as part of establishing an enterprise risk management framework in the bank. Mr. Dev led a process of complete revamp of credit underwriting in KeyCorp as more analytical model-driven credit analysis was introduced, including a whole new credit policy. Mr. Dev’s responsibilities included portfolio credit risk, market risk, securitization risk and operational risk. He served as KeyCorp’s Basel II coordinator and started the firm’s active credit portfolio management function. Mr. Dev was a member of many of the highest level management committees of KeyCorp like ALCO and Capital Committee. For several years, Ashish has been in several industry groups in areas of enterprise risk management, risk appetite and risk strategies, of which most US banks were members.

Columbus, Ohio Area

Mr. Dev was Senior Vice President in the Finance department at Bank One (now JP Morgan Chase) and before that head of quantitative research and analysis. Both at Bank One and at KeyCorp, Mr. Dev has led and established analytics for many types of consumer assets for purposes of credit underwriting, marketing strategies and collections. In Bank One his team set up a VaR system for market risk oversight in Bank One, using RiskMetrics, as early as in 1995 and established VaR-based trading limits. Most of his period in Bank One was in treasury, funding and market risk related activities.