Afaaf Adhikari

Experience

• 

  Credit Suisse

  Apr 2004 - Feb 2023

  Global Non-Financial Risk Appetite lead responsible for development and implementation of non-financial risk appetite, and associated response framework for various business divisions, functions, sub-divisions and legal entities. Owner of Risk Appetite Risk Measures and Strategic Risk Management Report to the Board. ▪Engaged with senior stakeholder to collaborate on risk appetite implementation in line with Bank’s Strategic Risk Objectives; annual/ad hoc tolerance setting and related governance; and performing review and challenge on reasonability of tolerances, control sign-offs. ▪Authored multiple Board and Executive Level Risk Appetite updates as part of enterprise-wide periodic risk appetite review cycles.▪Conducted review/challenge sessions on regulatory presentations, responses, closure of strategic deliverables to ensure sustainability and alignment with regulatory expectations.▪Participated in risk working groups with external consultants on development of risk appetite components in conjunction with subject matter experts across risk stripes. Show less Global LRM Co-Head responsible for risk deliverables and supervisory oversight of 21 risk managers. Providing independent risk & control challenge to senior leaders through, Monthly Risk Governance meetings, Incident Reviews, Audit lifecycle management, RCSA, Operational Risk Assessments, Pre-audit health checks, targeted risk reviews, supporting 60+ senior leaders.▪Established & led a senior level Quality Assurance Panel to facilitate review & challenge of completed actions considering the scope and spirit of the commitment. ▪Spearheaded the Credit Operational alert risk review to assess process and controls adequacy, driving independent discussions with Credit Risk providing tangible recommendations.▪Planned and delivered Risk Radio Live session to 600+ employees, as a keynote speaker, to raise awareness around risk of erroneous payments, and behaviors and actions critical to prevent erroneous payments.▪Authored Robotic Process Automation (RPA) checklist, rapidly mobilizing & overseeing team’s risk review & challenge of Payment Robot’s business process design, resulting in control improvement recommendations. Show less ▪Redefined the Funds Transfer (FT) control landscape managing 3mm+ budget, authored FT Policy & Training; spearheaded culture-change through education and influence, resulting in A rated Audit Report.▪Led a Key Regulatory Access Control Project, resulting in monitoring of 208+applications for ‘sensitive mover’ transfers.▪Spearheaded Operations Trade booking Review, critical to demonstrating to Regulators, firm’s commitment towards 2nd Line of Defense (Unauthorized Trading Mandate).▪Designed & implemented End User Computing (EUC) Operations Framework resulting in Ops EUC compliance Show less ▪Led Sanctions Screening function (OFAC) for Global Operations, defining target operating model, filter upgrades, establishing Sanctions best practices, collaborating with Anti-Money Laundering Compliance (2010-2013).▪Managed delivery of a 2-year firm control initiative (‘Toxic Combinations’) within firms Access Control Platforms, first of its kind, to prevent and detect toxic access amongst user population.▪Provided oversight over 350+ General Ledger account reconciliations & SEC 15C3-3/15C3-1 Regulatory Reports. Show less • Chosen to lead the Deployment of the Firm’s Core Reconciliations Function from Credit Suisse Singapore to Raleigh - provided cross locational leadership and innovative solutions to improve firm's reconciliation tool, while ensuring data integrity and maintaining excellent Client Service Levels.• Supported the Global Reconciliations Program to automate speed and scale of reconciliations, through prioritization, defining business requirements, data feeds, providing pre and post implementation support to IT relating to functional system design, ensuring integrity of Technical solutions for projects. Show less • Led a team of operations analysts, responsible for recovery of Interest Claims arising from late settlement of trades (equities and fixed income), leading to a seamless global operations model supporting businesses in Europe and United States, and Front Office.• Applied domain understanding of governing market practices, Trade Lifecycle, Client Money Segregation principles, Accounting flows, Reconciliations and Settlement processes.• Authored end user business requirements and championed the structured implementation of Claims Processing Platform Migration. Show less

  • Director - Global Lead of Non-Financial Risk Appetite, Risk Division

    Sept 2021 - Feb 2023

  • Director - Co-Head of Global Line Risk Management (LRM), Operations

    Jan 2019 - Sept 2021

  • Director - Americas Head of Control Services, Operations

    Jan 2016 - Dec 2018

  • Vice President – Americas Head of Control Services, Operations

    Jan 2012 - Dec 2015

  • Assistant Vice President - Americas Reconciliations & Control Group, Operations

    Jan 2009 - Dec 2011

  • Senior Analyst/Manager - Americas Reconciliation Group, Operations

    Feb 2006 - Dec 2008

  • Analyst/Team Leader - Claims Management, Operations

    Apr 2004 - Feb 2006