Ritesh Jain
Risk, Compliance and Governance Expert
Dubai
Summary
With over 14 years of diverse experience in Governance, Operational Risk, Compliance, Quality Assurance, and Internal Audit, I offer a rare blend of technical expertise and strategic insight to navigate complex, interconnected risk and control environments. I hold a Bachelor's degree in Finance and a Master’s in Chartered Accountancy (CA), along with multiple professional certifications including Company Secretary (CS), Financial Risk Manager (FRM - USA), and Certified Anti-Money Laundering Specialist (CAMS).
My data-driven approach, underpinned by strong analytical acumen, enables me to perform in-depth data analysis, conduct effective assurance reviews, and implement quality and control enhancements. I specialize in streamlining processes, strengthening internal controls, and ensuring regulatory compliance in fast-paced, high-stakes environments. Known for maintaining composure under pressure, I am committed to delivering excellence through continuous improvement and strategic risk management.
Overview
15
15
years of professional experience
10087
10087
years of post-secondary education
2
2
Languages
Work History
Senior Manager, Compliance Quality Assurance
Commercial Bank International
Dubai
08.2024 - Current
- Developed and implemented a comprehensive Quality Assurance framework, encompassing key regulatory areas such as Financial Crime, AML, Sanctions, and critical central bank compliance regulations and guidance.
- Managing the QA team of 4 staff as well as independently conducts various periodic quality assurance reviews, for processes within compliance department as well as for bank-wide processes aimed to support the compliance policies, risk appetite and objectives of the Bank.
- Providing regular recommendations across the bank for strengthening of compliance framework and controls.
- Producing periodic dashboards and reports for Senior Management, HOC, MLRO, CC and BRC.
- Developed an in-house automated tool for tracking, monitoring, and managing issues, errors, and corrective actions arising from quality assurance reviews.
Senior Manager, Risk Controls and Governance
Commercial Bank International
Dubai
11.2020 - 08.2024
- Conducted independent control and risk reviews, aimed at identifying and mitigating risks, enhancing controls and streamlining processes for multiple bank's department and units.
- Provided risk-control analysis, approvals and clearance from control perspective for various bank projects, data patching requests, system / parameters changes.
- Oversaw the review and governance of bank-wide policies and procedures, ensuring alignment with regulatory requirements and best practices.
- Automated reporting, MIS, and control dashboards using in-house tools such as Power BI and MS Excel, improving reporting accuracy and operational insights.
- Co-led a bank-wide initiative to ensure compliance with consumer protection standards, reinforcing the organization’s commitment to ethical practices and regulatory adherence.
- Developed and delivered training programs to embed a strong risk management and compliance culture across the organization.
Assistant Manager, Operational Risk Management
Commercial Bank International
Dubai
02.2017 - 11.2020
- Strengthened and enhanced the operational risk management framework in compliance with CBUAE standards, leading initiatives such as RCSA, incident data management, and KRI monitoring for 35 core and support units across the Bank.
- Prepared detailed risk reports and dashboards for senior management, the CRO, and board risk committees, providing actionable insights into the bank's risk landscape.
- Developed and implemented a semi-automated tool to streamline RCSA, risk register, and KRI management, improving operational efficiency and risk monitoring.
- Conducted thorough user access reviews for the bank’s core systems, ensuring compliance with internal access control policies and mitigating security risks.
- Supported Business Continuity Management (BCM) initiatives, including business impact analysis, continuity planning, and testing to safeguard critical operations.
- Contributed to outsourcing reviews, BASEL compliance assessments, and operational risk stress testing, ensuring adherence to global regulatory standards.
Risk Analyst, Operational Risk Management
Credit Suisse Bank
Mumbai
05.2015 - 06.2016
- Monitored and analyzed key operational risk metrics and indicators, performing trend analysis to identify emerging risk patterns.
- Analyzed internal operational risk events, conducted BASEL risk classifications, and performed root cause analysis to drive corrective action.
- Produced daily and monthly operational risk reports for 34 global legal entities, ensuring timely and accurate reporting for management and stakeholders.
- Played a key role in the implementation of the Governance, Risk, and Compliance (GRC) system for KRI and KCI tracking, enhancing overall risk oversight.
- Supported the BCBS 239 compliance project, focusing on improving risk data aggregation and reporting processes.
- Assisted in operational risk capital modeling and scenario analysis, contributing to the development of the bank's risk management strategy.
Analyst, Outsourcing Risk Management
GE Capital NBFC (via Axis Risk Consulting)
Mumbai
09.2013 - 04.2015
- Reviewed and strengthened third-party risk management processes for 30+ GE Capital global offices, focusing on onboarding, monitoring, offboarding, and payments.
- Supported the implementation of the GRC system for incident and third-party risk management, ensuring robust risk oversight for external partnerships.
- Analyzed data for approximately 80,000 third-party vendors globally, preparing risk reports and scorecards to evaluate third-party risk exposure.
- Contributed to the Sarbanes-Oxley (SOX) assurance review, focusing on the effectiveness of financial reporting controls and documentation.
Assistant, Internal Audit and Finance
SBI Life Insurance / Sanjive Radhey Co.
Mumbai
08.2010 - 08.2013
- Assisted in analyzing and reconciling benefit payout ledgers, ensuring compliance with financial controls and accurate reporting.
- Performed data analytics over ledgers to identify and address revenue leakages.
- Assisted on various accounting and auditing client assignments.
Education
Certified Anti-Money Laundering Specialist (CAMS) - Compliance AML
ACAMS
DubaiFinancial Risk Management (FRM) - Risk Management
GARP
USACompany Secretary (CS) - Legal And Compliance
ICSI
IndiaChartered Accountant (CA) - Accounts And Audit
ICAI
IndiaBachelor of Commerce - Finance
B.H.U.
IndiaSkills
Governance, Risk and Compliance
Data Driven Analytics
Automations via MS Excel and Macros
Assurance, Control and Quality Reviews
Operational Risk Management
Outsourcing Risk Management
Regulatory Compliance, AML-CFT, Sanctions
Timeline
Senior Manager, Compliance Quality Assurance
Commercial Bank International
08.2024 - Current
Senior Manager, Risk Controls and Governance
Commercial Bank International
11.2020 - 08.2024
Assistant Manager, Operational Risk Management
Commercial Bank International
02.2017 - 11.2020
Risk Analyst, Operational Risk Management
Credit Suisse Bank
05.2015 - 06.2016
Analyst, Outsourcing Risk Management
GE Capital NBFC (via Axis Risk Consulting)
09.2013 - 04.2015
Assistant, Internal Audit and Finance
SBI Life Insurance / Sanjive Radhey Co.
08.2010 - 08.2013
Certified Anti-Money Laundering Specialist (CAMS) - Compliance AML
ACAMS
Financial Risk Management (FRM) - Risk Management
GARP
Company Secretary (CS) - Legal And Compliance
ICSI
Chartered Accountant (CA) - Accounts And Audit
ICAI
Bachelor of Commerce - Finance
B.H.U.