Rohit Ranwadkar
Wokingham
Summary
A MBA-qualified seasoned credit risk professional with over 12 years of experience in managing credit risk in banking and financial institutions across prime and sub-prime segments. With strong experience across key pillars of credit risk data, statistical modelling and portfolio analytics, able to convert multi-faceted business goals into data-driven actionable insights. Proven track record of successfully running high-performing team of credit risk professionals and building trusted relationships with C-suite executives, business stakeholders and domain experts.
Overview
17
17
years of professional experience
Work History
Lead Manager – Credit Risk Data and Reporting
Metro Bank UK
03.2022 - Current
- Provide oversight for production of monthly credit risk data marts and engage with wider business to drive regulatory and portfolio reporting, analytics, and MI packs.
- Delivered a 4-day improvement and saving of 2 FTE costs in generation of credit risk datamarts and portfolio/regulatory reporting.
- Defined a migration strategy to move credit risk reporting from legacy datamarts to a new strategic solution.
- Successfully coordinated cross-functional teams to deliver the migration strategy ahead of plan.
- Defined and led the strategic delivery of default and forbearance reporting for FINREP/COREP in collaboration with Risk and Finance teams.
- Achieved estimated saving of ~£2m by identifying issues in credit bureau data and working with internal teams and external credit bureau to implement necessary solutions.
- Set up operating models to enhance data governance and RCSA framework to help achieve 20% reduction in data quality issues.
- Chairing Data Quality Framework Forum to provide governance and oversight on data quality issues in legacy and strategic data systems.
- Recruited and set up a team of analysts from ground-up with defined responsibilities and accountability.
- Developed the team members through mentoring and effective delegation leading to promotion and career growth.
Lead - Data Science
LeasePlan UK
01.2019 - 03.2022
- Led a team of data scientists for end-to-end delivery of LeasePlan's credit application scorecards ensuring that the risk appetite is within tolerance.
- Led the board-approval of the credit scorecards and implementation strategy.
- Generated £750,000 of saving for the business by developing a new credit acceptance strategy and delivered using Experian Strategy Design Studio.
- Designed and led delivery of strategic solutions to improve customer onboarding journey.
- Delivered a full credit policy review resulting in a 15% saving in refer rate for manual underwriting.
- Defined new strategic data roadmap for Credit Risk data and delivered digital transformation of the credit analytics team.
- Provided data and strategic commentary to monthly credit committee on credit risk and debt position.
- Led the analytics team to provide data-driven actionable insights to collections team, improving contact strategy and cash recovery.
- Mentored wider analytics teams, forming a centre for excellence.
- Providing 1-2-1 formal coaching and mentoring sessions to a colleague under LeasePlan's talent management programme, leading to their promotion.
Credit Risk Manager
Moneybarn Ltd, Provident Financial Group
10.2011 - 12.2018
- Directed a team of high-performing analysts to manage and monitor the full credit life-cycle of the business, ensuring positive customer outcomes and enhancing portfolio profitability using advanced analytics.
- Designed a fully automated and productionised monthly credit risk management information pack for the group credit committee reporting risk concentrations of the business
- Partnered with Head of Credit Risk to design and develop a new credit application scorecard to reduce the existing bad rate by 20% while increasing the accept rate
- Directed the acquisition strategy and credit policy rules and removed manual referrals to streamline customer onboarding.
- Provided oversight on development of affordability model, and implementation of associated policy rules as part of customer acquisition strategy in Strategy Design Studio
- Digital Onboarding - End-to-end project delivery of AML regulatory requirements to screen new customers for PEPs and Sanctions as per the FCA guidance
- Transformed the UK-GAAP based bad-debt provision model to the IFRS9 impairment provisioning model based on the ECL methodology as required by the IFRS9 standards.
- Developed PD and LGD models and oversaw EAD model development as the components of the ECL calculation
- Developed a forecasting model based on the net flow rates to project future volume and value of bad debt to assist Finance team in impairment forecasting
- Deployed a paradigm-altering solution to satisfy the FCA’s affordability requirements and reduce the business’s default rates
- Developed a high-performance data infrastructure for the Credit Risk team
- Maintained credit risk vendor relationships strengthening credit risk infrastructure.
- Initiated and headed a systemization project of legacy excel-based monthly reporting models, reducing the monthly reporting time from 7-9 days to 2 days.
- Mentored junior analysts across the business, and increased size of credit risk analytics team.
Software Engineer
KPIT Cummins Infosystems Ltd - India
06.2007 - 07.2010
- Company Overview: 10000+, CMM Level5
- Automation of unit testing of Engine Management Systems using MATLAB for GUI development and Simulink interaction
- 10000+, CMM Level5
Education
MBA - Business Management
University of Southampton
09-2011
B. Eng - Electronics and Telecommunication
R.T.M. Nagpur University
06-2007
SKILLS
- Credit Risk data and systems management.
- Strategic portfolio analytics and data reporting
- Credit application scorecards and credit policies development with deep understanding of credit bureau data.
- Impairment analysis and bad-debt provisioning under IFRS9 regulations.
- Understanding of regulatory governance by the FCA and the PRA.
- Stakeholder management: Successfully engaging C-suite executives and senior stakeholders.
- Collaboration and leadership: managing cross-functional teams to deliver strategic objectives.
- Strong SAS and Excel modeling skills.
Accomplishments
- Strategic transformation of excel-based legacy credit data architecture to SAS enhancing efficiency and alignment.
- Led development of credit strategy to enhance accept rates while reducing the PD rate generating an estimated benefit of £750,000.
- Defined a credit policy strategy that reduced manual underwriting efforts by 15% saving 1 FTE costs.
- Led the analysis and implementation of Definition of Default for Retail mortgages leading to significant saving on the reported ECL.
- Saving of ~£2m achieved by identifying and resolving issues in credit bureau data.
- Collaborated with Director of Collections for development of a Campaign Response Rate model to measure the efficiency of communication channels leading to 25% improvement in the resource utilisation of the contact center.
- Recruiting and growing a high performing team of analysts and defining its structure for success with proven track record of mentoring junior analysts to seasoned credit risk professionals.
Timeline
Lead Manager – Credit Risk Data and Reporting
Metro Bank UK
03.2022 - Current
Lead - Data Science
LeasePlan UK
01.2019 - 03.2022
Credit Risk Manager
Moneybarn Ltd, Provident Financial Group
10.2011 - 12.2018
Software Engineer
KPIT Cummins Infosystems Ltd - India
06.2007 - 07.2010
MBA - Business Management
University of Southampton
B. Eng - Electronics and Telecommunication
R.T.M. Nagpur University
Similar Profiles
Kassandrene KellyKassandrene Kelly
Senior Customer Operations Specialist - (Asset Finance) at Allied Irish Bank (GB)Senior Customer Operations Specialist - (Asset Finance) at Allied Irish Bank (GB)
Osita IheanachoOsita Iheanacho
Banking Relationship Manager at Access Bank Plc ( Parent Bank of Access Bank UK)Banking Relationship Manager at Access Bank Plc ( Parent Bank of Access Bank UK)
Jardine MonteiroJardine Monteiro
Associate - EMEA LDCM Transaction Coordinator at Deutsche Bank UKAssociate - EMEA LDCM Transaction Coordinator at Deutsche Bank UK
Spencer StoneSpencer Stone
Client Services Executive at Northgate Vehicle HireClient Services Executive at Northgate Vehicle Hire
Joseph FongJoseph Fong
Member representative at Nationwide Building SocietyMember representative at Nationwide Building Society