Shonit Singh
Senior Vice President, Credit Risk Executive, Enterprise Credit Risk @Bank of America
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WORK HISTORY
Senior Vice President, Credit Risk Executive, Enterprise Credit Risk @Bank of America
Driving various aspects of enterprise credit risk management functions including reporting, allowance, strategic analytics, investor communication, risk appetite, and stress testing• Responsible for driving investor relations (IR) materials for the IR team and CFO for quarterly earnings; manage all credit risk deliverables for earnings• Responsible for enterprise credit risk appetite limit setting and monitoring for board-level and management-level metrics• Manage teams responsible for exposure and asset quality reporting for SEC filings (10K/10Q) and regulatory disclosures (OCC, FDIC, and FRB)• Manage commercial credit risk reporting for management, line of business, and legal entities• Drive strategic and ad-hoc analyses for senior management and board committees on key credit risk and allowance related topics covering top-of-the house, commercial, and consumer products• Communicate quarterly provision and allowance narrative, industry insights, and peer benchmarking to the board committees, senior management, and external regulators• Led multiple streams of enterprise-wide implementation of Current Expected Credit Losses (CECL) Standard including methodology for incorporating macroeconomic scenarios, analytics, and reporting• Established CECL in Company’s stress testing and capital planning framework including methodology, and reporting• Responsible for macroeconomic research and analyses to support scenario weightings for Company’s quarterly allowance estimates• Drive industry concentration framework and credit cycle analytics
EDUCATION
NYU Stern School of Business
Master of Business Administration (MBA), Finance
Delhi College of Engineering
Bachelor of Engineering, Mechanical Engineering
SKILLS
ABOUT SHONIT SINGH
Results driven leader with 15 years of experience in Financial Services (allowance, investor communication, management and financial reporting, risk appetite, stress testing, and strategic analytics)
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