Jithin Joseph Email & Phone Number

Bengaluru, Karnataka, India

Elevated to Vice President to continue to steer the leadership for Model Risk Policy & Governance team within CoE and stabilise the function for a seamless delivery of BAU and Change deliverables. Continue to grow the team from 6 to 8 people supporting the Risk Management leadership in setting up a structured and resilient operating model for MRPG.Re-organized the CoE MRPG function to operate in a structured and efficient manner through 4 critical areas of model risk governance; 1) Model Family Governance, 2) Model Risk Reporting, 3) Model Risk Framework and Systems and 4) Model Risk Committees.Supported the successful completion of S166 Follow-up Review with no findings and positive outcomes reflecting Bank’s significant progress in improving the model risk management practices.Established a robust model identification process, and further enhanced it to accommodate emerging AI / ML use cases. Embedded linkage with Responsible AI governance workstreams to holistically assess AI / ML use cases that are classified as models.Continue to spearhead the Framework, Policy, and Standards revisions for the year and responsible for managing the training and communication strategy. Produced several high value items like the MRM training pack for Board Risk Committee and MRM Journey pack covering updates to the regulator – PRA.

Bangalore Urban, Karnataka, India

Promoted to AVP in the first performance cycle and entrusted with the responsibility of managing the Model Risk Policy & Governance team set up in Bangalore. Took over a team of 3 people and grew the team to 6 by end of the year amidst challenges like Covid and migrated 80% of BAU governance and oversight activities to the CoE. Supported the successful completion of 3-months long S166 Embeddedness Review by an appointed skilled person (Big4 Consulting firm) from PRA. Managed the regulatory interviews for 70+ stakeholders, facilitated the desktop review of 200+ documents / reports and acted as a key person in the review and challenge sessions to manage Bank’s response to queries.Assigned with the ownership of executing the actions for more than 50% of recommendations from the S166 review. Successfully delivered all actions within a year, thereby improving the overall state of model risk management within the Bank and preparing the Group ready for a follow up review.Established a robust communication strategy for Model Risk Management with a dedicated intranet space for MRM resources and formalised a Comms channels in the form of Newsletters, Newscasts, Townhalls, etc. Prepared and managed the deployment of all MRM related comms since the inception of formalised MRM function. Prepared a detailed BRD for further enhancing the model inventory system and reporting infrastructure to cater to model risk governance and oversight requirements. Worked with data and infrastructure teams to deliver these capabilities.Supported multiple Internal Audits by the Group Audit function and participated in detailed engagements with Audit teams and First Line functions to build out clear roadmap to address deficiencies.Conducted a large scale annual general training programme for model role holders, Regional & Country CROs and Business / Function Heads. Produced the training packs, managed logistics and delivered some of the critical topics along with other SMEs.

Bengaluru Area, India

Joined Standard Chartered’s newly established Risk Hub in Bangalore as a Senior Manager. Part of the incubation team hired under the Risk Transformation Programme to build and operate an extended desk-model for various risk verticals under a centralised hub. Tasked with the specific responsibility to migrate and build out the Model Risk Oversight and Strategy function.Started with drafting management response for the findings observed by External Auditor on the model risk management practices within the Bank. Worked along with Senior Management to understand the intricacies of current processes and systems and drafted a comprehensive response to rationalise the current infrastructure and action plans for further improvement.Took ownership of 2 major strategic priorities under the Model Risk Management Strategic Enhancement Programme: 1) Rollout of revised Model Risk Framework, Policies and Standards and 2) Building out training resources in the form of e-learnings.Conducted a detailed consultation exercise to gather feedback from all key Business / Function leaders to drive the revision for Model Risk Framework, Policy, and Standards. Consolidated the feedback into thematic insights and worked along with Global Heads to produce the first comprehensive Model Risk Framework, Policy and Standards aligned to the benchmark regulation – SR 11 / 7.Conducted extensive research and prepared the content, storyboard and assessments for 5 e-learnings courses on Model Risk; one course on Model Risk Management fundamentals and 4 advanced courses on regulatory model types. Worked along with L&D team and Vendors to develop and deploy these e-learnings group wide and established a process to track and report e-learning compliance for key model role holders.Took the ownership of managing the end-to-end governance and oversight of Credit Risk IRB models and scorecards. Worked closely with model owners, developers and validators to effectively manage the model risk.

Bengaluru, Karnataka, India

Joined the Financial Risk advisory practice under Deloitte India Consulting. Experienced the grueling front-end consulting environment delivering advisory solutions to clients across India and Middle East.Managed a large scale model documentation exercise for a global bank covering 100+ qualitative models across 12 regions. Developed the project plan, model trackers and managed region kick offs and steer committees with global project leads. Reviewed models benchmarking against both US CCAR and UK PRA stress testing standards and developed exhaustive model documents in line with regulatory requirements and Bank’s internal quality standards.Conducted a gap assessment and diagnostic analysis for one of the largest Banks in Qatar covering its current framework for AML/KYC and transaction monitoring to identify deficiencies against Global industry practices and regulatory expectations and developed a detailed roadmap for transformation.Conducted a regulatory mandated review on behalf of Qatar Central Bank for a local bank to assess the effectiveness of their Financial Crime Compliance processes and systems. Worked along with Central Bank inspectors to holistically assess Bank's processes and recommend best practices. Managed the delivery of a large scale credit data migration exercise (25 contract staffs) for a global bank covering institutional accounts across 16 regions. Successfully transitioned the lending profiles to an automated credit management solution. Liaised with business and developer teams to manage the performance issues & change requests, performed an extensive UAT testing and managed the change management process for the tool centrally for all regions.Assisted an Australian based bank in setting up processes to report Economic and Financial Statistics data to Australian Prudential Regulatory Authority (APRA). Developed detailed process documentation with process maps aligned to Business Process Modelling & Notations Standards (BPMN 2.0).

Bengaluru Area, India

Promoted to a Senior Consultant within 1 year and started contributing to various engagements across Financial Risk Management space.Model Documentation: Assisted a large investment bank in documenting their pricing, reserve and margin models. Developed an enhanced model documentation template and a robust model testing framework as per FED’s MRA. CCAR/DFAST Reporting: Developed and maintained an operational framework for CCAR & DFAST Regulatory Reporting for a US Bank. Built processes and templates to capture accounting data and projections across all the functions within the bank. Compiled and analyzed the Bank Holding Company level data to present them in the reporting format mandated by the regulator. Reconciled figures across functions and generated regulatory capital ratios for comparison with FED thresholds. Supported the drafting of Capital Plan with details on capital actions for senior management to review and submit to the regulator. Recovery and Resolution Planning: Conducted Quality Assurance Review on the RRP (Recovery and Resolution Planning) report to the regulator. Verified the recovery plan of the bank with its accounting level data and stress projections on regulatory capital. Validated the liquidation procedure by reviewing the entity structure, capital allocation and business matrix. Asset Liability Management (ALM): Assisted in conducting an ALM analysis and developing an Immunization Strategy for a loan financing company. Calculated Duration measure to understand the cash-flow duration of assets is less than liabilities or close enough. Conducted an EVE analysis to understand PVs of cash-flows at aggregate level matches or are in excess for assets. Conducted NII analysis to understand the interest level cash-flows and the impact of 1bp parallel shift in the rates.

Bengaluru Area, India

While working with PWC consultants in HSBC for remediating the regulatory concerns, I was intrigued by the Consulting problem solving mindset. Prepared myself for a role in a dynamic consulting firm to experience and learn from diverse client engagements and solving real business problems. Landed in a Consultant role with KPMG in their Risk Consulting division. Joined the Regulatory Risk team, responsible for regulatory remediation projects, regulatory gap analysis and impact assessments, policy developments, etc.Regulatory Database: Assisted a global bank in building an enterprise library of regulations across different geographies of its operations. Identified regulatory changes that affect client’s businesses and conducted gap analysis with current framework. Decomposed regulations from its legal intricacies to easily understandable firm level obligations and guidelines. Identified the business impact area of each obligation and updated or built processes and policies to support. Created ownership matrix of these policies by mapping to relevant legal counsels across businesses or functions. Established a framework to monitor and periodically review these regulations for change or add new policies.

Bangalore

Elevated to Quality Assurance position (equivalent to Senior Analyst Career Grade) with responsibilities to perform QA review on KYC profiles produced by production analysts and support the ongoing transformation initiatives to address regulatory concerns:Supported the development of a tightened QA process and refined compliance review / escalation procedures to further improve the quality of customer due diligence and thereby manage the financial crime compliance risks.Helped in remediating the deficient KYC profiles of critical customers to new standards and revamped the AML trigger review process to be more pro-active in identifying key compliance risks and accordingly refresh the due diligence.Supported the development of a robust MI dashboard for the KYC and AML teams for daily monitoring of high risk customers and the ongoing management of KYC review pipelines.Contributed to the ongoing enhancement of Next Generation tool by embedding Wolfsberg AML and Correspondent Banking questionnaires, additional CDD requirements for Money Service Businesses, capabilities for capturing complex ownership structures and incorporating emerging KYC profiling for Hedge Funds, Private Equity Funds, etc.Trained new onboarding analysts on the CDD and EDD processes and helped them adapt to the ongoing regulatory and industry changes.

Bangalore

Joined HSBC's offshore capability centre in Bangalore to be a part of the Global KYC & AML transformation project to address and remediate the concerns raised by US Department of Justice as part of issuing 1.9Bn regulatory penalty on AML and Sanction failures.Supported building and implementing a robust enhanced due diligence procedure within KYC & AML processes for the North American clients. Worked primarily on the KYC profiling for Financial Institution Clients such as Banks, Asset Managers, Insurance firms, Broker dealers, Commodity trader advisors, etc. Supported Global SMEs in building robust templates for conducting KYC / Customer Due Diligence on various types of Financial Institution clients, ensuring the AML and Sanction risks are adequately assessed and managed. Further supported the digitisation of KYC due diligence process by working with Technology to transform the templates into a Next Generation Due Diligence tool.Supported updating policies to follow best industry practices on Screening Process, Politically Exposed Person (PEP) due diligence and Legal Entity analysis.Worked along with external consultants (PWC) in identifying deficiencies in the KYC and AML practices within the bank and contributed to building a strategic remediation plan.

Bangalore

Started off immediately after my graduation as an Analyst at the Offshore Capability Centre for Deutsche Bank, supporting the Loan Operations function catering to North America region.Primarily worked on the transactional activity related to syndicated and participation loans for corporates. This includes accurately setting up counterparties in the Loan Management System (LoanIQ) by thoroughly reading the loan agreements, processing large loan payments and periodic reconciliation and analysis for Senior Management.Was responsible for ensuring the accuracy of complex loan agreements in the loan accounting system and overseeing deal administration, capturing loan related trades in systems, settlements and arranging for loan drawdown/rollovers.Built core knowledge on corporate loan products such as revolving credit facilities, term loans, structured and project finance loans, asset-backed lending products, etc. and familiarized myself with Credit Management Lifecycle for Large Corporates.