Vikas Khandelia

About Vikas Khandelia

CA, FRM,CAIIB(banking),IFRS (ACCA), Six Sigma(green belt),AML/KYC certification(IIBF), Forex & NRI(IIBF) certification,ERM certification, with 20+ years exp. in Global Bank and Indian NBFCs in formulating risk policies,RCSA, and implementing risk functions of various risk types, i.e Credit Risk, Market Risk, Liquidity Risk and ALM, FCC & RC Risk, Risk Strategy (including Risk Appetite, Business Model Risk), Operational Risk & Internal Controls, Reputation Risk, People Risk, Resilience Risk and BCP, model risk,fraud risk, overseeing BRCM function.For NBFC, have experience in drafting of ICAAP model from scratch and assessment of stress testing of assets, liabilities, interest ( IRRBB), Risk mapping of various pillar 1 and pillar 2 risks to arrive at consolidated ERM paper.*In NBFC space, I have largely worked in various positions of risk, operations and compliances as Head with top NBFCs, namely Kotak Mahindra, JM Financial, Edelweiss and Bajaj Finance and currently with HSBC InvestDirect as CRO and Designated Director- Risk and Compliance. Have Strong credit underwriting experience for large Ticket loans against various equities and structured products for large corporates and HNIs. This includes transaction structure check, Risk Screening for borrower and related entities, collateral analysis, preparation of CAM for large funding transactions, providing risk recommendations, scenario analysis,presenting appraisal in credit committee above threshold, Deviations monitoring, Stress testing of advances and real-time periodical surveillance. Risk Screening, KYC-AML and PMLA checks of customer. Experience on preparing scope of internal audit, getting RBI and other regulatory inspection done, replying to regulator and statutory auditors on queries, participating in Board meetings and presenting the status. Have also handled Capital Market Broking Risk Management and Capital Market Operations for equities, derivatives, commodities including settlement and clearing operations*With Global Bank (HSBC), I also have experience on Expected credit loss model implementation, impairment production and analysis. Worked on IFRS9 expected credit loss implementation, production and analysis from Project initiation till BAU. Managed global stakeholders across HSBC sites across continents, interacted with regional risk and accounting teams of various countries, and getting the credit risk numbers produced, analyzed and reported.*Have good people management and Leadership skills and managed a team of around 10-70 people in various stages of career

Experience

1. Chief Risk Officer- Svp- Director- Hsbc Investdirect Financial Services Limited(Nbfc)

   HSBC

   Oct 2022 — Present · Mumbai, IN

   Working as Chief Risk Officer and Designated Director in HSBC InvestDirect ( Capital Market and other securities financing entity). Managing Credit Risk, Market Risk, Liquidity Risk, FCC & RC Risk, Risk Strategy (including Risk Appetite, ICAAP, Business Model Risk), Operational Risk & Internal Controls, Reputation,People Risk, Risk systems/Projects, Security & fraud risk including Enterprise Risk,Business Contingency Planning & Physical Security. Responsoble for KYC and AML monitoring and reporting.Responsible for credit underwriting of high ticket Loans against various equities and structured products for large corporates and individuals. This includes preparation of credit approval memo for large promoter funding and structured transactions, providing analysis and credit recommendations, presenting appraisal in credit committee above threshold, Deviations approving and monitoring, Stress testing of assets and liabilities and scenario analysis, credit profiling of customer and collateral valuation and modelling, and real-time and periodical surveillance,Early Warning Indicators, Screening, KYC-AML and PMLA checks of customer. Have on hands experience of policy implementation, RCSA, adherence to internal & regulatory policy guidelines and reporting on deviations and compliance on daily, weekly,monthly basis.

Education

• Asian Institute of Quality Management

  Lean Six Sigma Green Belt

  2011 — 2012

• KPMG Learning Academy Malta

  Trainning In International Financial Reporting Standards, Accounting

  2014 — 2014

• National Institute of Securities Markets (NISM)

  Securities and Depository Operations Treasury Management, Project Finance

  2014 — 2014

• The Institute of Chartered Accountants of India

  CHARTERED ACCOUNTANT, COMMERCE, BANKING

  1999 — 2002

• The Institute of Chartered Accountants of India

  Diploma in information Systems Audit (DISA), IT

  2003 — 2003

• GARP

  FRM, Risk Management

  2014 — 2014

• Indian Institute of Banking and Finance

  CAIIB, Banks & NBFC Management

  2009 — 2009

• ACCA

  Diploma in International Financial Reporting (DipIFR), International Finance

  2014 — 2014

• Indian Institute of Banking and Finance

  AML & KYC Certification, Compliance