 Helped design AI assessment framework as part of wider initiative within Crisil. The key focus areas included governance and data aspects of the framework. Post regulatory review (Consent Order /S166) of eTrading risk and controls of a Tier-1 Investment Bank (IB), working with Electronic Trading Risk Management (ETRM) of the bank to roll out eTrading controls framework, and help with subsequent remediation.

 Undertook a review of an Investment Banks’s (IB) Operational Risk Management (ORM) framework and benchmarked it against its peer group. The focus areas included assessment of risk taxonomy, tooling and testing methodology.  Using RTS-6, SS5/18 and other regulations, provided inputs on algo governance and wider controls infrastructure around limits management and market surveillance.  Led Deloitte’s POV on Model Risk (SP01/23) on Algorithms and AI systems and use of AI within Financial services.

Led Genpact's eTrading and Ops risk offerings in a number of regulatory assignments within different Investment Banks and Investment Management firms on various regulatory topic including MiFID & Bexit. Areas of engagement included,1) FICC (Rates, Credit & Fx) and Equity front office change like ION to FIX migration, migrating products (like bonds and credit) to new low latency platforms and other large IT projects.2) E-Trading platforms using a) Fix/ION protocol b) Market Making, RFQ, B2B order book and order management c) Markets -BBG, TW, MTS, Eurex, ICE etc d) Business case for use of more eTrading 3) Algo Trading a) Controls framework, implementation and testing b) New Algo roll out and new market entry c) Monitoring, kill switch etc d) Pre-trade transparency and use of APA e) Conduct Risk4) Transaction Reporting5) Product Taxonomy and Reference data6) Record Keeping .7) RTS 6/7 Controls self assessment, validation etcB-exit:1) Initial analysis on Back to back risk booking2) Venue outreach and contingency planning3) Booking models and collateral management4) Reference data and client on-boarding.

• Shashank is advising bank on MiFID II impacts with respect to Investor protection and Pre & Post Trade Transparency for Equity (EQ) and Fixed Income (FI) asset classes. • His main focus is analyzing the impact on the products, both pre and post trade (OTC Derivatives and listed products for FI and Equity asset classes) when bank acts as a Systematic Internaliser (SI).• He has conducted workshops to capture requirements for MiFID II eligibility indicators (SI flag, liquidity, SSTI, LIS, SMS etc), Product Reference Data and Transaction Reporting.• He is also looking at line one controls, target market analysis and product suitability & appropriateness. • He has also provided support to other regulatory initiatives like FATCA, EMIR and Dodd Frank.

• Investment Bank (IB), Treasury TOM Design: Shashank worked with Business teams to build Risk Exposure Management (REM) desk for new subsidiary as a part of wider LEI of a major IB. REM was primarily responsible for managing Counterparty Credit risk across the IB aligned portfolio of derivative products. He led a team to design CVA/DVA/FVA charges, ROC, Hedging, Collateral Management & Reporting operating model. He used decision analytics to help management decide on the customer numbers for the new entity. He worked closely with the SMEs based in Swizerland.• IB, Programme Execution Risk: He delivered assessment of Regulatory Project Portfolio for a major UK Global bank with a particular focus towards reporting of Dodd frank, Global Stress Testing, IFRS 9 and CRD IV implementation to PRA. He conducted a series of workshops to understand Regulatory Programme Team’s key concerns, scrutinised their programmes based on Accenture’s proven project management methodology and in the process establish common themes across the bank. He also helped to establish a new governance forum reporting to the bank’s regulatory board, but focused on the top ten High Priority Programme (HPP).• IB, Control design for EQ & FI: He advised a major investment bank on an impending Skilled Persons review of its Operational Risk (MiFID - Transaction Reporting (TR)) division. His particular focus was documenting governance structure, formalising change management process, closing Internal Audit points and resolving data quality issues. • Retail Bank, Mortgage Market Review (MMR), Assurance : He worked closely with 2nd and 3rd line of defence to review Mortgage Market Review (MMR) implementation for a Tier 1 British Retail Bank. Main responsibilities included reviewing the end to end process for Telephony and Community bank including control effectiveness and remuneration process, reviewing the MI generation process and senior stakeholder management.

• Shashank supported key financial audit projects including European Commission ‘Request for Information (RFI)’ for Credit Default Swaps (CDSs) sold in 2007/08. The work included building an analytical model for a major investment bank, to deliver statistical numbers (like standard deviation and median) for the frequently traded reference entities and indices. • Worked on a Payment Protection Insurance (PPI) mis-selling project. Worked closely with the programme’s legal team to review the ‘funnelling approach’ deployed by the bank to identify the target customers and bank’s customer contact approach to ensure that bank met the criteria set out by FCA.• Shashank has supported two skilled person's review (S166) in relation to intrest rate hedging products. The work included identification of target population for the review based on sale of IRD products and further retail classification based on the Markets in Financial Instruments Directive (MiFID) scores and internal and external data (e.g. Experian ph etc). Shashank also supported the customer contact team.• Defined strategy for product consolidation for the Transaction Banking division of a large UK bank aiming to become a national champion in its home market. The work included product rationalisation analysis for over 2,500 customers within 23 industry segments and across 7 products.• Shashank provided risk oversight to support effective and pragmatic risk management for the migration of 28 million retail customers during the post-merger integration of two large Tier-1 Retail Banks in the UK. The work included providing risk assurance, running ‘hot house‘ sessions and complex stakeholder management. He has led teams to support the risk management for the creation of single customer view, revamp of the reporting process and restructure of the scoring platforms.• Provided assurance to leading European banks after recent rouge trading events.

MBA in general management from Cranfield School of Management

• Fx front end application Developer. Fx Spots, Options. • Advised leading European Banks to transform and integrate their Risk and Finance operations, whilst driving value from a tsunami of complex regulations, such as Basel and Abgeltungssteuer.• Advised leading British subprime lenders on how to improve the quality and speed of information on credit scoring allowing them to reduce risk and expand the number of secured loans issued to retail customers.• Led aspects of the Basel-compliant risk scores project to make a leading British bank’s Probe Risk (credit risk) Indicators compliant with the European Union’s Basel II accord.• Shashank is hands on modeller and has model implementation experience using Strategy Manager and is accustomed to the procedures and processes necessary to ensure effective BAU operation of credit risk decisions using this tool.• Shashank has a strong and detailed knowledge of most third party CRA data sets (including Delphi) both in terms of definition and use. He has defined and delivered scoring models for clients on behalf of a CRA and, consequently, understands the business operating model required to deliver to multiple countries.

• Analysed the requirements of a leading N.-American bank for the launch of retail cards; advised it to upgrade existing IT systems (Vision+) rather than buy a new version - this led to savings of at least US$1m. • Managed a small team for the design and delivery of Secured Lending products, including a Mortgage Lending product called “Streamline” which led to earnings of over US$1m for a leading N.-American client.

• Led a three-member internal consulting team. The team collected and analysed marketing data and came up with a series of recommendations for the senior management. These recommendations helped Dell Int’l Services achieve their target of outsourcing 80% of Dell UK call volumes to India in the very first year of the Indian operations.• Initiated stringent quality control for EMEA warranty calls leading to an increase in customer satisfaction by over 120%, paving the way for the transfer of Prestigious business segment calls to India.