Market Risk Management Summit 2016

Speakers

Keynote Speaker

Sanjay Purao

Deputy General Manager, Division of Risk Management and New Products (DRMNP), Market Regulation Department (MRD)

Securities and Exchange Board of India (SEBI)

Sanjay C. Purao is currently Deputy General Manager of the Division of Risk Management and New Products in the Market Regulation Department of SEBI. He is overseeing policy issues relating to risk management in central counterparties and development of new products in the securities markets. He is also looking into matters relating to alignment of CCP practices with global benchmarks recommended by international organizations and regulators. He is a member of the Implementation and Monitoring Group set up by CPMI-IOSCO in connection with Principles for financial Markets Infrastructure.

He has been working in SEBI for around 20 years and has served in several Departments in various capacities. He has dealt with policy and operational matters relating to Takeovers, issuance and trading of debt/ equity, alternate investment funds, portfolio management, market surveillance and investigation. Sanjay C. Purao has also been part of various domestic and international study teams and task forces for areas of mutual interest and cooperation with International Regulators and systems development. Sanjay C. Purao is an engineering graduate from Sardar Patel College of Engineering, Mumbai and holds a Masters Degree in Management Studies from Jamnalal Bajaj Institute of Management Studies, Mumbai.


Aparna Nirgude

Chief Risk Officer

SBI Mutual Funds

Aparna Nirgude is Executive Director and Chief Risk Officer at SBI Funds Management (P) Ltd. (a joint venture between State Bank of India and Amundi), which is among the top players in the Indian asset management space. She is responsible for assessing and managing Enterprise risks including market risk, credit risk, liquidity risk, operational risk, etc. She has been associated with the company for over 20 years in different capacities and has a unique blend of investment management as well as risk management expertise. She has a strong background with diverse experience spanning fund management, research and risk management. She has been instrumental in introducing enterprise-wide best practices in risk and performance management and in adding a strategic perspective on the practice of risk management. She is also a speaker at international conferences on risk and performance management. Aparna has a degree in management studies from Jamnalal Bajaj Institute of Management Studies, Mumbai. Her interests include reading and travelling. She is also a meditation teacher with SMKYF and is engaged in various philanthropic activities.

Appi Reddy Guttikonda

Chief Risk Officer

Essar Steel India Limited

Devdatta Jain

EVP Market Risk & ALM

Yes Bank Ltd

Laxmikant Gupta

Head Risk and product Compliance

IDBI MF

Piyush Chourasia

Chief Risk Officer & Head – Strategy

Indian Clearing Corporation Ltd

Piyush Chourasia is the Chief Risk Officer and heads the Strategy function at ICCL. He is responsible for setting up and implementing the risk management procedures in compliance with SEBI guidelines and testing the adequacy of risk management measures with Indian as well as international benchmarks including the CPMI, BIS, IOSCO, EMIR, Dodd-Frank, among others. He is also responsible for policy making and conceptualising new product innovations and risk management frameworks for the BSE Group. He is part of various Committee sub-groups and Working Groups at SEBI and RBI, and has contributed to various Government committees and reports on financial markets. He is a member of the Capital Markets committee of the Federation of Indian Chambers of Commerce and Industry (FICCI). He is also a member of the Post Trade Working Group of the World Federation of Exchanges and the IOSCO AMCC Working Committee on Distributed Ledger Technology. In his previous assignments, he was instrumental in setting up and operationalising United Stock Exchange of India Ltd. (USE), a Pan-India Currency Derivatives exchange, where he also used to head the Compliance, Corporate Affairs & Strategy functions. Prior to joining USE, he has worked on introducing Exchange Traded Currency Derivatives in India at SEBI. Piyush has a B. Tech from NIT Nagpur and a PGDM from IIM Ahmedabad.

Piyush Chamria

Chief Risk Officer Markets

ECL Finance Limited

Piyush is currently working as CRO for multi asset global proprietary trading desk, Global Markets, in Edelweiss. He has previously working with KPMG as financial risk consultant. MBA from XLRI Jamshedpur and CFA, PRM – he has served clients in Europe, GCC, SE Asian countries and India. He has created framework for Basel 2.5 and Basel 3; Functional expert on market risk; He has also conducted trainings on treasury and derivatives valuations at NIBM, XLRI, Banking consortiums, KPMG international training programs.

Pravat Dash

SVP & Head (Market Risk)

Axis Bank

Prof. Vaidyanathan Krishnamurthy

Resident faculty, Indian School of Business

Visiting Faculty, University of Connecticut

Vaidya Nathan is a Resident faculty at the Indian School of Business, Mohali. Prior to joining ISB, he was an Assistant Professor in Residence at the School of Business, University of Connecticut and continues to hold a Visiting Faculty position there. Before becoming an academic, he was an an Investment Banker with JPMorganChase Bank in Hong Kong, New York, and Singapore and has advised financial institutions and corporates in Asia-Pacific region on hedging and risk management. He specializes in Credit Derivative, Foreign Exchange and Fixed Income products. He has also advised corporates in Telecom, Media and Technology space on mergers and acquisitions, divestiture, acquisition financing, capital structure advisory, alternative investments, and debt restructuring. He later co-founded Quantum Phinance, of which he is currently the Chairman. He is on the advisory board of the Venture Capital initiative of SIDBI. He is also a Consultant with the World Bank.

He holds a B.Tech in Electrical Engineering from Indian Institute of Technology (IIT), Kanpur, and an MBA from Indian Institute of Management (IIM), Ahmedabad. He is a certified Chartered Financial Analyst (CFA) from the CFA Institute, Charlottesville, and a Financial Risk Manager (FRM) by the Global Association for Risk Professionals (GARP), New York. He holds a PhD in Finance and has done his Post Doctoral Fellowship from Leavey School of Business, Santa Clara University. He is a columnist with the Financial Express (http://archive.financialexpress.com/columnist/kvaidyanathan/1 ). He is the author of two books: Credit Risk Management for Indian Banks (Sage Publications, London) and Credit Derivatives (McGrawHill Education, New York). He won the Most Outstanding Faculty Award at the University of Connecticut, School of Business for the academic year 2014-15.

Raj Benahalkar

Chief Strategy & Risk Officer

National Commodity & Derivative Exchange Ltd

Mr. Raj Benahalkar is presently working as Chief Strategy & Risk Officer at National Commodity & Derivative Exchange Ltd (NCDEX). At NCDEX he is responsible for the overall Business Strategy and Risk Management Policy framework both at financial and physical side of the business. He chairs various committees and forums at NCDEX that are transformational and strategically important. He is part of the Executive Committee (EXCOM) at NCDEX. He has been in the past the Co-Regional Director of Professional Risk Managers’ International Association (PRMIA) at its Mumbai Chapter.

Before joining NCDEX he held the position of Head - Market Risk at YES Bank and similar role at IDBI Bank. Academically he is a B.E. (Industrial Electronics), MBA (Finance) and Diploma in Marketing Management. He has undergone various programmes from reputed organizations and including Strategy and Leadership such as Euromoney, Dun & Bradstreet and IIM, Ahmedabad. He has been trained both in India and USA for the ISB-Kellogg Global Advanced Management Programme, Strategic Thinking and Leadership for Growth programme at Wharton and Leading for Innovation program at Johnson Cornell University. He has vast experience of over 22 years in areas of Risk Management, Strategy, Innovation, Commodities, Treasury, Structured Finance, Investment Analysis and Project Finance and has spoken at various domestic and International forums.

Raghuvir Mukherji

Chief Risk Officer

Reliance Nippon Life Asset Management Ltd

Raghuvir Mukherji is Chief Risk Officer of Reliance Capital Asset Management Ltd (RCAM), the largest asset management company in India with around INR 2.5 Lac Crores in assets under management (including Rs. 1.6 Lac crores in Mutual Fund assets). He is responsible for enterprise risk management in RCAM (including its Mutual Fund and Portfolio Management Services business) and its subsidiaries, which manage, respectively, Alternative Investment Funds and the National Pension Scheme of the Government of India. He has around 16 years of experience spanning various organizations; he has worked in the capital markets /securities services arena with Citibank, HSBC and JP Morgan, and in functional consulting with Infosys Technologies. He has also worked briefly with an equity research start-up. In his last role, he was working as Vice President, Risk Policy and Analytics with HSBC covering such things as the wholesale lending policies of the Bank and the agenda for the Risk Management Committee. Raghuvir is an alumnus of St. Xavier’s College Kolkata, a Chartered Accountant and Certified Financial Risk Manager (FRM) accredited by the Global Association of Risk Professionals, USA.

Rujuta Thatte

Market Risk Management Head Wholesale Banking Risk

IDFC Bank Limited

Rujutha Thatte has 16 years of experience in the Financial Markets. A Chartered Accountant, with a strategic management course from IIM Calcutta. Started career as a dealer in Fixed Income, Money Markets FX and Derivatives, handled Balance Sheet management which included CRR and SLR maintenance, Balance sheet liquidity risk and interest rate risk hedging etc Later on due to family considerations took up the risk management profile relating to Treasury Trading Book and Asset and Liability Management. Has worked with various institutions like HDFC Bank, Tata Group of companies, ING Vysya Bank. Currently working as Head Market Risk with IDFC Bank. Current profile includes managing Market risk, Liquidity Risk and Interest Rate Risk on Trading Book and Banking Book of the Bank. Managing risk on Foreign exchange business, Derivatives products, Interest Rate related products Laying down appropriate policies and procedures for monitoring Market risk in line with the internal risk appetite and International standards. Part of Balance Sheet Management for managing Interest Rate Risk and Liquidity Risk. Manages pricing of deposits and advances, Funds Transfer pricing within various units of the bank. Handle Implementation of Advanced Internal Models approach (IMA) for Market Risk and Counterparty Risk. Handle Implementation of ICAAP.

Sanmoy Chakrabarti

EVP & Head Market Risk, Opps Risk & ERM

HDFC Bank

Sanmoy Chakrabarti is currently Executive Vice President & Head of Market, Operational and Enterprise risk management for HDFC Bank. Treasury Middle Office also reports to Sanmoy. Before joining HDFC Bank, he has worked over a decade in various senior market and credit risk related roles across Asia - ICICI Bank in India, Citibank in India, Bangladesh, Hong Kong, China and Bank Danamon (part of Temasek Holding) in Indonesia. Through this period, Sanmoy has worked extensively in trading / ALM risk modelling, bank wide credit / liquidity stress testing, credit analytics and merger- acquisition related activities. Sanmoy holds a masters degree in Quantitative Economics from Indian Statistical Institute.

Satya Mahapatra

Sr.VP, Risk and Analytics

Barclays Investment Bank

Satya Mahapatra has a proven track record of 15+ years in the areas of Investment Banking and Financial Services. He worked in various capacities like Change Manager for Credit and Market Risk Analyst for Algo Trading Platforms, Quant Analysis, Strategic Risk Program for Operations, Treasury Consulting, Business Planning, Project Management and Business Consulting in Operations and Technology in various IB banks like Citibank, Credit Suisse, JP Morgan ,MUTB in different roles like Risk, Quant Analysis, Algorithmic and High frequency Trading and Corporate Planning profile . Have led various Market Risk and Credit Risk programmes for Barclays.

S.V. Sunder Krishnan

Chief Risk Officer

Reliance Nippon Life Insurance Company Limited

Sunder Krishnan has an experience of Three decades in various Organizations, his background as a senior and middle level manager with exposure to Bank businesses and operations in more than 12 countries he has been a part of all the core groups – Managing Committee, Control Committee, Board Meetings, Product Committee, Investment Committee and the like. IT consulting & strategy, IT security and IT Audits for banks in India and abroad

Marketing of Assurance, IT security and consulting services during the managerial tenure in Ernst & Young for the years 1993–97 and during consultancy assignments 2002-03.

He has worked for various organizations such as: DSP Merrill Lynch for the Year 2005-06 as Senior Vice President - Corporate Audit Services for the entire DSP Merrill Lynch Group of Companies, Member of Risk and Audit Committees. ING Vysya for the years 2003-05 as Senior Vice President and Senior Audit Manager - Corporate Audit Services and a permanent invitee to various IT committees, Member of IT steering Committees, Risk and Audit Committees. Credit Lyonnais as Vice President – Audit, Compliance and Integrated Risk Management and a member of the weekly Managing Committee for the years 2000-02, Member of Weekly Management Committee responsible for running of the bank. Standard Chartered as Senior IT auditor responsible for IT audits, payments audit for 12 countries in Middle East and South Asia regions for the years 1998-2000, Handled two projects: Credit cards at Dubai and Car Loans in Mumbai. Bank Internasional Indonesia as Head of Audit and Compliance and a part of the weekly Management committee of the Bank, Member of weekly management committee responsible for running of the bank. Ernst & Young – Audit Manager – Managing a number of Financial Services assignments. Delloitte - Statutory audit of NOCIL, PIL, Tandon Group of companies in SEEPZ. His professional experience and Qualifications:

Was a President of ISACA Mumbai Chapter for the year 2007-08 and was a member of Board of Advisors to Bombay Chartered Accountants Society for Internal Audit Studies for the year 2005-06. Was a Member of Board of Studies – NMIS for MBA – Actuary during the year FY-11. Am the Chairman of ISACA India Growth Task Force–ISACA International for the last two financial years. His Qualifications: Bachelor in Commerce and Economics, Chartered Accountant, Certified Information Systems Auditor (CISA), Inter Company Secretary and Check Point Certified Security Administrator (CCSA); Enterprise Wide Risk Management Program from AIM – Asian Institute of Management - Manila

Sushant Saurav

Head Market Risk

IndusInd Bank

Vikram S Bhorawat

Director & Head, Market Risk Management

Deutsche Bank