ASHUTOSH CHANDNA
Chief Risk Officer & Head Of Operational Risk
Hong Kong
Summary
Risk Management Professional experienced in identifying, assessing, and mitigating complex financial and operational risks. Developed and implemented comprehensive risk management strategies while ensuring regulatory compliance and fostering proactive risk awareness. Emphasized collaborative leadership and adaptability, consistently delivering results aligned with organizational goals.
Overview
20
20
years of professional experience
Work History
Independent Consultant
Facilon Services Pvt Ltd, Adviscent & Fingig.pro
01.2022 - 06.2026
- Independent consultant acted as subject matter expert, to advise senior management on key risk frameworks, control and compliance.
- Developed robust risk frameworks that aligned with ERM principles, enhancing compliance and governance.
- Assisted clients in navigating complex industry challenges with strategic recommendations.
- Streamlined internal processes to enhance team efficiency and improve overall project outcomes.
- Conducted risk assessments for business processes, recommending measures to mitigate potential impacts.
Chief Risk Officer & Head of Operational Risk-Private Banking and Wealth Management
Standard Chartered Bank
10.2017 - 10.2021
- Led integrated risk management efforts across Private Banking & wealth management, enhancing risk disciplines and compliance with regulations. Led to zero regulatory breaches in 2 years.
- Managed credit portfolio of USD 100B with zero losses and a 38% growth rate.
- Designed and implemented proactive risk assessment routines, resulting in significant reductions in operational losses and enhanced client experience, reducing operational losses by 25%.
- Collaborated with senior management to close Management Action Plans (MRAs) and ensure compliance with regulatory commitments.
- Co-chaired Governance Committee with business heads, fostering effective partnerships with both senior leadership and regulatory bodies.
- Deployed AI-driven AML/KYC solutions and automated credit journeys.
- MAS, HKMA and DFSA conducted formal investigation on AML/KYC policies of the Private bank, successfully resolved all the audit findings and achieved "pass" rating.
- Established robust compliance programs ensuring adherence to regulatory requirements and industry standards.
- Provided thought leadership on industry trends and best practices in risk management, positioning the organization as a leader in its field.
- Improved overall risk culture with targeted training programs for employees at all levels of the organization.
- Fostered strong relationships with regulators, auditors, and other external stakeholders through open communication and collaboration on risk-related matters.
Head of Credit Risk- Private Banking
The Hongkong and Shanghai Banking Corporation Limited
01.2014 - 10.2017
- Managed operational and credit risk for a USD 60B portfolio, successfully achieving a 30% growth with no operational losses through effective control design.
- Drove continuous improvement initiatives to enhance risk processes, ensuring compliance with regulatory environments.
- Developed and implemented risk models to improve accuracy in credit evaluations.
- Streamlined credit approval processes, reducing turnaround time for client assessments.
- Established a strong culture of risk awareness by promoting open communication channels across the organization and fostering cross-functional collaboration.
Head of Credit Risk- Private Banking
ANZ Bank
10.2008 - 12.2013
- Managed cross-border risk assessments and compliance strategies, achieving portfolio growth of 70% through strategic risk modeling and product development.
- Engaged with stakeholders at all levels, presenting quarterly risk assessments and recommendations to the board.
- Established Risk and Compliance framework at private bank.
Regional Compliance and Control Officer
Citibank Singapore
03.2006 - 06.2010
- Implemented governance and compliance programs that reduced regulatory incidents by 30%.
- Conducted comprehensive risk assessments and collaborated with internal and external stakeholders to strengthen operational procedures.
- Rolled out RCSA across business unit and 10 countries to improve compliance framework.
- Developed and executed compliance strategies to mitigate risks and align with regulatory requirements.
- Streamlined reporting processes, increasing accuracy and reducing turnaround time for financial documents.
Education
A.M.I.E -
Institution of Engineers
India03-2000
Postgraduate Diploma - Business Administration
Apeejay School of Management
India03-1998
Bachelor of Commerce - Commerce And Economics
Osmania University
India 04.2001 -
Skills
Enterprise risk management
Market risk management
Credit risk
Mitigation strategies
Continuity planning
Data analytics
Operational Risk
Strategic planning
Team leadership & development
People development
Accomplishments
- Spearheaded the implementation of Automated KYC and AML solutions, achieving favorable audit outcomes from MAS, HKMA, PRA, and DFSA.
- MAS, HKMA and DFSA conducted formal investigation on AML/KYC policies of the bank, successfully resolved all the audit points and achieved "pass" rating.
- Developed and rolled out a Conduct Risk Framework, receiving positive feedback from regulatory bodies.
- Achieved zero conduct breach for 2 years.
- Managed a USD 3.6M transformation project for credit journey improvements.
- Automated credit processes, resulting in TAT by 60%.
- Successfully implemented online trading platforms, enhancing transaction efficiency for equities, funds, and fixed income instruments.
- Enhanced customer experience and increase in trading volumes by 30%.
Strengths
- Enterprise Risk management
Expertise in designing ERM Frameworks that align with organizational objectives and regulatory landscapes, including Basel III.
- Stakeholder Engagement
Proven ability to communicate complex risk concepts clearly, facilitating informed decision making at the executive and board level.
- Leadership & Team Development
Expertise in leading cross-functional teams and promoting a robust risk management culture.
- Regulatory Compliance
Strong understanding of compliance standards across various regulations, informed by extensive direct interactions with regulators
- Data Driven Insights
Strong analytical skills leveraging data to enhance risk assessment processes and improve operational efficiencies.
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Languages
English
Bilingual or Proficient (C2)
Hindi
Bilingual or Proficient (C2)
Timeline
Independent Consultant
Facilon Services Pvt Ltd, Adviscent & Fingig.pro
01.2022 - 06.2026
Chief Risk Officer & Head of Operational Risk-Private Banking and Wealth Management
Standard Chartered Bank
10.2017 - 10.2021
Head of Credit Risk- Private Banking
The Hongkong and Shanghai Banking Corporation Limited
01.2014 - 10.2017
Head of Credit Risk- Private Banking
ANZ Bank
10.2008 - 12.2013
Regional Compliance and Control Officer
Citibank Singapore
03.2006 - 06.2010
Bachelor of Commerce - Commerce And Economics
Osmania University
04.2001 -
A.M.I.E -
Institution of Engineers
Postgraduate Diploma - Business Administration
Apeejay School of Management