Sanket Nikam

About Sanket Nikam

Currently working as Model Risk Audit Associate in JPMorgan Chase. Previously worked in risk management group of ICICI Bank UK PLC. Completed MBA from IIM Trichy with majors in Finance and Analytics. 18 months Pre- MBA work experience in preparing technical proposals based on the customer requirements for a complete Cement plant (On EPC as well as on EP basis).

Experience

1. Associate

   JPMorganChase

   Sep 2023 — Present · Mumbai, IN

   Conducted thorough, Risk-focused audit testing in line with Internal Audit policies, methodologies, and standards in timely manner. Prepared draft audit reports, and presented issues related to model risk for various LoB’s (Market Risk, Wholesale Credit Risk, Consumer Banking, Counterparty Credit Risk, Commodities, Artificial Intelligence and Machine Learning) while discussing practical solutions. • Provided oversight of appropriate usage and controls around model restrictions & limitations, and findings for ongoing performance assessment & testing• Communicated Key Audit Findings to management and identified opportunities for improvement in the design and effectiveness of key controls. Followed up on audit actions to ensure the proper implementation of corrective measures.• Evaluated model development and validation processes according to the Supervisory Guidance on Model Risk Management and the Bank’s Model Risk Management policies and procedures.• Performed model risk control assessments and analysis to mitigate the risk and determined their effectiveness. Developed an independent opinion on the control environment along with recommendations (across all LOB and a wide range of model types) to further strengthen the model risk management control framework

Education

• Indian Institute of Management Tiruchirappalli

  Master of Business Administration - MBA

  2019 — 2021

• Walchand College of Engineering(A Govt. Aided Autonomous Institute),SANGLI-M.S

  Bachelor of Technology (B.Tech.)

  2012 — 2016