Mayur Somani
Credit Risk Leader | AI-driven Risk Analytics | Model Risk Management | Expert in Internal Rating Models, ECL, Basel III, ICAAP, Stress Testing | Driving Consulting & Product Innovation for Financial Institutions
- Role
- Head of Credit Risk at Careedge Analytics And Advisory
- Location
- Mumbai, MH, IN
- LinkedIn followers
- 500 followers
About Mayur Somani
I am a credit risk and analytics professional with extensive experience across banking, consulting, and product leadership. I began my career at a leading Indian bank, where I built a strong foundation in credit lifecycle management—covering underwriting, portfolio analytics, regulatory compliance, and stress testing.Currently, I head the Credit Risk & IFRS Practice at a leading analytics and advisory firm, where I drive consulting engagements and product innovation for banks and financial institutions across diverse markets. What I DoCredit Risk & IFRS 9: Deep expertise in internal rating frameworks and IFRS 9 ECL modelling.AI & Advanced Analytics: Applying AI/ML to retail & MSME scorecards, early warning systems, stress testing, and portfolio risk analytics for sharper decision-making.Product Management: Leading the design and rollout of credit risk technology platforms (IFRS 9 engines, Internal Rating Systems, EWS, Basel reporting, Loan Origination Systems), ensuring they are user-centric, regulator-ready, and future-proof.Consulting & Advisory: Partnering with CXOs and risk leaders on Basel/IFRS compliance, model governance, and strategic transformation to align regulation with business goals.Model Risk Management: Building frameworks for independent validation, governance, monitoring, and lifecycle management of models—ensuring transparency, regulatory compliance, and sustainable performance.I’m passionate about creating scalable, data-driven credit risk solutions that blend analytics, regulation, and technology—helping financial institutions strengthen resilience while enabling sustainable growth.
Experience
Head of Credit Risk
Careedge Analytics And Advisory
May 2024 — Present · Mumbai, IN
Education
N. L. Dalmia Institute of Management Studies & Research, Mumbai University
MBA, Finance
2008 — 2010
Moody's Analytics
Certificate in Commercial Credit
2020 — 2020
Administrative Staff College of India
Project Finance
2015 — 2015
University of Mumbai
BSc (Honours), Statistics
2005 — 2008
CAIIB from IIBF
CAIIB (Corporate Finance), Corporate Finance
2011 — 2011
Skills
- Financial Analysis
- Banking
- Commercial Banking
- Trade Finance
- Credit
- Corporate Finance
- Credit Analysis
- Portfolio Management
- Management
- Credit Risk
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