Shardul Desai

About Shardul Desai

I am a Risk Management professional with 14+ years of experience across global and Indian banks, specializing in stress testing, market risk oversight, and capital and RWA analytics. I am also a CFA (US) charterholder.As a Director in Group Risk at UBS (previously VP at Credit Suisse), I led scenario analytics and regulatory stress testing across credit and market portfolios. My work focuses on translating stress-test outcomes—across P&L, RWA, and capital requirements—into insights that shape risk appetite, ICAAP planning, and senior management decision making.I partner closely with Market Risk, Finance, and Business teams to strengthen governance around stress results, enhance control frameworks, and support limit setting and trade-approval processes. I also lead and mentor a team, driving delivery across BAU activities, regulatory submissions, and broader change initiatives.Earlier in my career, I worked at HDFC Bank and Union Bank of India in roles spanning trading risk oversight, market risk monitoring and analytics, and the IMA transition for regulatory capital. I then moved to MSCI, where I focused on factor-based analytics for multi-asset portfolio risk and performance attribution.I continue to deepen my technical toolkit, including advancing my Python capability, to strengthen the analytical and scenario-modelling aspects of my work.

Experience

1. Director

   UBS

   Dec 2024 — Present · Mumbai, IN

   Lead scenario analytics and regulatory stress testing across credit and market risk portfolios, focusing on capital impact and model integration for credit risk. • Analyze scenario forecasts (P&L, RWA, capital requirements) to inform risk appetite, ICAAP planning, and capital allocation decisions. • Support regulatory interactions and governance reviews, preparing responses for ICAAP and aligning submissions with supervisory expectations. • Collaborate with Market Risk, Finance, Reporting, and Business teams to strengthen controls, refine approval thresholds, and secure governance sign-offs. • Mentor and lead a team of associates, ensuring seamless delivery of BAU processes, regulatory submissions, and internal audits. These efforts enable senior management and the Board to make risk-informed capital decisions while maintaining regulatory confidence and effective governance.

Education

• N.L.Dalmia Institute Of Management Studies And Research

  MBA/PGDBM, Finance

  2009 — 2011

• University of Mumbai

  Bachelor of Engineering (BE), Electronics and Communications Engineering

  2004 — 2008