Ritesh Tiwari

Ritesh Tiwari Email and Phone Number

Credit Risk Management | Equity Derivatives | Tableau | Alteryx | Transformation | Transaction Cost Optimization @ Deutsche Bank
frankfurt, hessen, germany
Ritesh Tiwari's Location
Pune, Maharashtra, India, India
Ritesh Tiwari's Contact Details

Ritesh Tiwari personal email

About Ritesh Tiwari

In my current role as Associate Vice President at Deutsche Bank India Pvt. Ltd., I focus on developing robust credit risk rating models. This involves assigning risk scores and determining appropriate credit limits, managing a diverse credit portfolio with continuous monitoring and evaluation of clients' credit risk profiles. Collaborating with cross-functional teams, we've established effective credit risk limits and guidelines.With over a decade in the financial services industry, I bring expertise in operations, efficiency, analysis, project management, and vendor management. At Deutsche Bank, my focus is on enhancing credit risk management capabilities, aligning strategies with regulatory standards.As AVP at Credit Suisse Services India Pvt. Ltd., I delivered cost savings for Global Markets and Asia Pacific divisions, optimizing transaction costs and promoting rate changes. Proficient in reporting, data analytics, and IT tools like Alteryx and Tableau, I enhanced transparency, reduced turnaround time, and saved hours in manual data extraction.Leading projects, I migrated APAC payment systems and onboarded the eRecs reconciliation tool. As Process Manager at eClerx Services Ltd., I transitioned the BC&E process, developed the Billing Manager tool, and onboarded the Atlantis (FIA Tech) platform. Managing reconciliation, payment allocation, and GL posting, I led two teams while fostering a supportive culture.With a strong payments background, I'm knowledgeable in SWIFT messages (MT103, MT202, MT199), managing SOX testing, and coordinating year-end audits with KPMG and PwC for years.Liaising with IT, I've developed reconciliation tools, improving data flow and automating processes, enhancing operational efficiency. Beyond technical expertise, I'm passionate about fostering a culture of respect, inclusion, and collaboration, championing diversity and inclusion initiatives in previous roles.

Ritesh Tiwari's Current Company Details
Deutsche Bank

Deutsche Bank

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Credit Risk Management | Equity Derivatives | Tableau | Alteryx | Transformation | Transaction Cost Optimization
frankfurt, hessen, germany
Website:
db.com
Employees:
66557
Ritesh Tiwari Work Experience Details
  • Deutsche Bank
    Avp
    Deutsche Bank Oct 2023 - Present
    In my current position at Deutsche Bank India Pvt. Ltd. as an Associate Vice President, I've been intricately involved in developing credit risk rating models. This involves not just assigning risk scores but also determining fitting credit limits. My responsibilities extend to managing a diverse portfolio of credit exposures, involving continuous monitoring and evaluation of clients' and counterparties' credit risk profiles. Working collaboratively with cross-functional teams, we've established robust credit risk limits and guidelines.
  • Credit Suisse
    Assistant Vice President
    Credit Suisse Dec 2022 - Oct 2023
    As an Assistant Vice President at Credit Suisse Services India Pvt. Ltd., I have been responsible for delivering significant cost savings for the bank through optimizing brokerages, clearing, exchange, and regulatory fees. By promoting rate changes with exchanges, regulators, and service providers using non-negotiable fee schedules, I have helped the bank save $15mn in 2022. I also led transaction cost optimization for products like LD, OTC, etc., resulting in a $1mn savings by optimizing LEO exchange fees. Additionally, I have used data analytics tools like Alteryx and Tableau to build transparency in reporting and provide bottom-line savings for the bank.In the area of Operations, I have handled $150mn in annual spends for Listed Derivatives (LD) brokerage fees and commissions. I provided P/L cost reporting and rate reporting to Front Office COOs and desk heads, achieving a 50% reduction in brokerage provision. Furthermore, I have maintained an accurate ageing profile of LD balance sheets, reconciled GL in Peoplesoft, and resolved nostro breaks within 30 days. I improved coordination with brokerage counterparties and internal teams to reduce payable outstanding numbers by 40%.As the first point of contact for the payments review, authorization, and release process (6-eye check), I am knowledgeable in SWIFT messages MT103, MT202, MT199, etc. I have established a LAPC process and added two control layers before payments go to the operations team. Additionally, I have generated periodic and ad hoc reports to inform desk heads about trading volumes and financials. I incorporated the JIRA tool to track requests from vendor teams and ensure smooth information flow.Overall, I am a finance professional who is passionate about driving financial performance through cost-saving measures and utilizing data analytics to provide valuable insights. I am always seeking new opportunities to apply my skills and expertise to drive growth and success.
  • Credit Suisse
    Eno
    Credit Suisse Jan 2018 - Dec 2022
    Pune Area, India
  • Eclerx
    Process Manager
    Eclerx Apr 2017 - Dec 2017
    Pune Area, India
    As a Process Manager at eClerx Services Ltd. from June 2010 to December 2017, I successfully led various operations and project management tasks. One of my notable achievements was transitioning the BC&E process for Macquarie AU and USA entity and developing the Billing Manager tool for end-to-end billing of Commodities and Global Markets. I also developed and implemented testing strategies to ensure the new platform met Macquarie's high standards for security, reliability, and scalability. Additionally, I onboarded the Atlantis (FIA Tech) platform for clients, and supervised reconciliation, payment allocation, and GL posting for month-end tasks.In my role, I managed two teams of ten employees, coaching and providing feedback to improve their performance and drive results. I conducted performance evaluations, set goals, and fostered a supportive team culture by resolving conflicts and promoting effective communication. I championed diversity and inclusion initiatives, fostering a culture of respect, inclusion, and collaboration.I was also responsible for managing BAU operations, KPIs, MBR, MI, RU, and monthly performance reporting. I conducted quality checks using tools like FMEA, SIPOC, and interacted with internal quality teams. I collected, prepared, and distributed weekly/daily statistics reporting for clients, created data flow diagrams, use case diagrams, activity and sequence diagrams using Visio and iGrafx.As a Business Analyst, I liaised with IT to develop reconciliation tools for brokerage payables and receivables functions. I collaborated with IT to enhance data flow and automate processes and participated in the onboarding of the receivables sub ledger tool. I also analyzed the average price account logic for incorporation into the payables reconciliation tool.Overall, I am a results-driven professional with extensive experience in operations/project management, people management, reporting, and business analysis.
  • Eclerx
    Associate Process Manager
    Eclerx Apr 2014 - Mar 2017
    Pune Area, India
  • Eclerx
    Sr. Analyst
    Eclerx Oct 2011 - Mar 2014
    Pune Area, India
  • Eclerx
    Analyst
    Eclerx Jun 2010 - Sep 2011
    Pune Area, India

Ritesh Tiwari Skills

Portfolio Management Management Capital Markets Derivatives Business Development Market Research Business Analysis Analytics Competitive Analysis Team Management Finance Financial Analysis Crm Analysis Equity Research

Ritesh Tiwari Education Details

Frequently Asked Questions about Ritesh Tiwari

What company does Ritesh Tiwari work for?

Ritesh Tiwari works for Deutsche Bank

What is Ritesh Tiwari's role at the current company?

Ritesh Tiwari's current role is Credit Risk Management | Equity Derivatives | Tableau | Alteryx | Transformation | Transaction Cost Optimization.

What is Ritesh Tiwari's email address?

Ritesh Tiwari's email address is ri****@****erx.com

What schools did Ritesh Tiwari attend?

Ritesh Tiwari attended Vinayaka Mission's Research Foundation - University, Devi Ahilya Vishwavidyalaya.

What are some of Ritesh Tiwari's interests?

Ritesh Tiwari has interest in Arts And Culture.

What skills is Ritesh Tiwari known for?

Ritesh Tiwari has skills like Portfolio Management, Management, Capital Markets, Derivatives, Business Development, Market Research, Business Analysis, Analytics, Competitive Analysis, Team Management, Finance, Financial Analysis.

Who are Ritesh Tiwari's colleagues?

Ritesh Tiwari's colleagues are Priyanshu Mehrotra, Aakash Garg, Sebastian Schrahe, Kimberley Pinto, Marina Kurlenko, Suresh Bhimalli, Sascha Lucic.

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