Souradip Adak

Director of Engineering

Gurgaon, Haryana, India16 yrs 9 mos experience

AI ML PractitionerAI Enabled

Key Highlights

Over 16 years of experience in Financial Services.
Expert in Risk and Capital Modelling across multiple geographies.
Led AI-based analytical transformations for banking clients.

Stackforce AI infers this person is a Fintech expert specializing in risk management and regulatory compliance.

Contact

Skills

Core Skills

Analytical TransformationClient ManagementCredit UnderwritingRisk ManagementFinancial ReportingCapital ModellingRegulatory ComplianceFinancial ManagementFinancial ModellingRisk AssessmentModel DevelopmentData Analysis

Other Skills

Project ManagementAI based retail analyticsUnderwritingMarketing modelsRisk ReportingTrade FinanceStress-testingRegulatory reportingInterpreting DataProgrammingPricing modelsTrade bookingMachine LearningRisk Management FrameworkArtificial Intelligence for Business

About

Over 16 years experience in Financial Service Industry with 8+ years in a Consulting and 8+ years in Banking & Asset Management across multiple geographies (India, US, UK, EU) focusing on - Risk & capital modelling (Credit/Counterparty Credit/Operational/Market Risk) - Retail analytical transformation (Underwriting, EWS, Cross sell/ Up sell) - Regulatory reporting --- Basel II/III, CCAR/ DFAST, ICAAP/ICARA - Handling SREP Visits, Regulatory Audits (FRB/ OCC, BaFin, CSSF, PRA/ FCA, BMA, RBI) Skill sets include : - Financial model development, validation and maintenance - Capital modelling - AI based retail analytics - Stress-testing & Scenario design - Regulatory reporting - Financial & Analytical transformation - Onshore/ Offshore team handling & project management

Experience

16 yrs 9 mos

Total Experience

4 yrs 1 mo

Average Tenure

4 mos

Current Experience

American express

Director of Risk Management

Jan 2026 – Present · 4 mos · Gurugram, Haryana, India · On-site

Boston consulting group (bcg)

Expert Project Leader

Mar 2024 – Jan 2026 · 1 yr 10 mos · India · On-site

Leading analytical transformation engagements for South East Asian Banking clients with responsibility for end-to-end delivery and client/ stakeholder management
Deliverables include modelling and designing AI based analytical solutions for:
Underwriting : MSME, HL, PL, CC and other retail portfolios
Early Warning Signals
Marketing and sales models: including cross sell, upsell, next best offer

Credit UnderwritingProject ManagementAnalytical TransformationClient Management

Fidelity international

2 roles

Associate Director

Apr 2021 – Mar 2024 · 2 yrs 11 mos · Gurgaon, Haryana, India

Risk ReportingTrade FinanceRisk ManagementFinancial Reporting

Senior Manager

May 2019 – Mar 2021 · 1 yr 10 mos · Gurgaon, Haryana, India

Capital Modelling Lead
Responsible for assessment and allocation of internal (Pillar II) capital per Regulatory (FCA, BaFIN, BMA) and Internal Board capital adequacy requirements
Development and monitoring of the enterprise wide capital model suite
Designing and maintaining stress tests on the above model suites, covering various scenarios conforming to Regulatory/ Management requirements
Model portfolio managed:
Credit Risk model suite:
PD models (IRB approaches using defined intensity, transition matrix, econometric factor based, low default portfolio techniques)
Lombard lending portfolio CR assessment
LGD models (regression based)
CR capital calculation models
Market Risk model suite:
Historical and risk factor/ variance - covariance Monte Carlo simulation based VaR calculation approaches
Risk Not In VaR: lincludes accounting based/ impairment methods for capital assessment of non-standard exposures (e.g., real estate positions)
Operational Risk model suite:
LDA (scenario/ loss data based mixture modelling approaches around severity - frequency distributions, with diversification benefit assessment)
Insurance cover adequacy evaluation approaches

Risk ReportingTrade FinanceCapital ModellingRegulatory Compliance

Deloitte

3 roles

Manager

Sep 2017 – May 2019 · 1 yr 8 mos

Risk ReportingTrade FinanceRisk ManagementFinancial Reporting

Senior Consultant

Sep 2013 – Aug 2017 · 3 yrs 11 mos

Trade FinanceFinancial ManagementRisk Management

Consultant

May 2012 – Aug 2013 · 1 yr 3 mos

Was involved in financial modelling and risk assessment projects. Clients include major US G - SIBs
Led teams for development and validation of risk models catering to different Regulatory requirements
Hands on experience in model development/ validation, scenario analysis and stress testing
Managed risk assessment projects for design of enterprise level risk taxonomy/ frameworks, development of risk appetite statements with quantification and cascading mechanisms across different BUs
Regulations and model portfolio covered:
Basel II/III
Credit Risk : RWA calculation
Asset classes covered : Retail/ Wholesale, Counterparty, Cleared Transaction, SFT, SPV/ Securitization, Equity
Model types under AMA : PD (scorecard, transition matrix, TTC/ PIT), LGD (regression - beta, quantile), EAD (IMM)
Approaches : IRB (Retail/ Wholesale), Counterparty (CCF based, CVA - Standardized), Equity (LTA/ MBA/ FBA), Securitization (SFA)
Operational Risk (AMA) model development/validation and system/reporting process - mixed distribution models (body tail fits, combined loss distribution across UOMs), BEICF framework assessment
Counterparty Credit Risk : Standardized, Internal Modeling and Current Exposure methods (EPE & PFE based EAD computation)
Market Risk : VaR (Historical Simulation/ Variance - Covariance). Expected Shortfall (EVT)
Interest Rate Risk for Banking Book : EVE & Earnings Based Approach
CCAR/ DFAST Reporting
End to end process for data preparation, model development/validation, scenario generation & stress testing
Credit Model Types : PPNR, Loan, Commercial Real Estate, Credit Loss models (PD/LGD/EAD - Aggregate and Account levels)
Operational Risk : Severity & Frequency model development and validation
Bank specific scenario generation : Currency/ Interest rates

Trade FinanceFinancial ManagementFinancial ModellingRisk Assessment

D.e.shaw & co.

Member, Information Technology

Jun 2007 – Jun 2010 · 3 yrs · Hyderabad, Telangana, India

As model developer, worked closely with the trade booking and front office pricing team. Hands on involved in
Development and maintenance of pricing models
Designing platforms for front office daily trade and deal booking
Model suites developed include
Financial instrument pricing modules (SFT, Equity Options)
Deal valuation portals (cash flow assessment, comparable benchmark models)
Trade booking & reconciliation platform
Management Report generation : Automation of day-to-day/portfolio based P&L

Interpreting DataProgrammingModel DevelopmentData Analysis