Maninder K Bahra

Experience

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  HSBC

  Dec 2007 - May 2013

  Manager Group Risk Strategy
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  Standard Chartered

  May 2013 - Jul 2018

  As Executive Director - Operational Risk, I was responsible for 2LOD oversight across several corporate functions, leading virtual team of c.10 across geographies. Key achievements include:Implemented an industry leading operational risk framework across various business / functions including Treasury (Liquidity, Capital and Asset & Liability Management) Global Research, Mergers & Acquisition, Investor Relations and Legal.Met tight timelines to meet Board and Prudential Regulation Authority (PRA) commitments for delivery of the operational risk framework implementation.Worked closely with external consultants to improve the control framework around the Bank of England stress testing processes within the Treasury Function.Provided second line operational risk oversight across various business / functions to ensure residual risks were accurately assessed, control performance deficiencies identified, and treatment plans designed.Completed gap analysis for portfolio of business / functions against the control standards for mitigating bribery & corruption and conduct related risks and fraud. Represented business / functions at regulatory projects including Volcker, MiFiD II, Resolution Planning, BCBS 239 and Market Abuse Regulation. Show less I was responsible for owning the Operational Risk framework and ensuring regulatory compliance, and effective operation of the Group Operational Risk Committee. Key achievements include:Completed gap analysis of operational risk framework against BIPRU and CRDIV/CRR and developed short term tactical solution to demonstrate regulatory compliance. Acted as key contact for Group Regulatory Affairs for interaction with the PRA concerning operational risk data / information requests. Established framework across Standard Chartered Bank’s (SCB) operational risk related policies to ensure clarity and consistency across the network.Acted as key liaison point for the Internal Audit team to ensure consistent messaging and issues were addressed proactively. Assessed SCB’s external disclosures around operational risk and provided recommendations to the Group Risk Governance team to enhance the disclosures to align with current best practice.Improved governance and control framework around Group and Country ICAAP processes. Implemented key governance standards for operating the Group Operational Risk Committee which was attended by senior executives of the Group. Show less

  • Executive Director, Group Operational Risk

    May 2013 - Jul 2018

  • Head Of Operational Risk Goverance, Framework and Regulation

    May 2013 - Jun 2014
• 

  HSBC

  Jul 2018 - Sept 2020

  Chief Control Officer, First Line of Defence Risk & Control, Finance

  As Chief Control Officer, I reported to the CFO and led a global team of c.20 individuals. I was responsible for building and leading the Finance Controls team for HSBC UK to raise the bar around control design. I was Secretariat and Chair delegate (for CFO) for HSBC UK, Finance Control Committee and for HSBC UK SOX Control Committee. Key achievements include:Successfully leading the remediation of several SOX deficiencies across Retail Banking, Commercial Banking and Finance within an aggressive timeline, including data quality, customer pricing, and model related controls.Setting the standard of various Non-Executive Committee packs and ensured alignment with Group standards.Defined the 3LOD for HSBC UK finance and successfully implemented. Improving the overall control environment of HSBC UK receiving commendation.Built credible relationships with the Retail Bank and Commercial Bank and supported the Exec committee to deliver regulatory remediation, to demonstrate operational resilience via process mapping material business processes and ensuring effective controls. Successfully executing PRA regulatory requirements regarding the Ring Fence Bank on behalf of the COO. Show less

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  Barclays UK

  Sept 2020 - Feb 2022

  Managing Director, First Line of Defence Risk & Control (Chief Control Officer)

  As Chief Control Officer, I reported to the COO and led a team of c.120 individuals. I held material risk taker responsibility as first line of defence to support the Executive Committee to discharge their first line responsibilities. Ensuring products and services were managed/executed with effective controls to protect customers, clients, business and external stakeholders. I was Secretariat and Chair delegate (for CEO) for Barclays UK Control Committee, a permanent invitee to the Board Audit Committee and Risk Committee, and bi-annual invitee to the Board Committee to provide a controls update. Key achievements include: Innovated the regulatory control remediation approach for Customer redress issues, leading to accelerated closure of issues.Successfully influenced Board and Audit Committee to change approach to Board papers, designing and piloting new approach which improved the Committee dialogue around controls. Facilitated and led team transition from process managers to Risk & Control managers increasing the effectiveness of the team.Transforming the conduct risk frameworks resulting in greater ownership of Conduct within 1LOD. leading to delivery of good conduct & control outcomes for key stakeholders.Chaired special Business Issue Remediation Forum (behalf of the CEO) leading to 30% reduction in open issues over 4 mths.Improving the content of the of the UK Control Committee meeting packs leading to better engagement of the Committee. Show less

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  Citi

  Jun 2023 - now

  Global Markets, First Line of Defence Risk & Control SME