Parag Darbhe
Liberty Hill,TX
Summary
Finance Executive with 15+ years driving capital strategy, risk management, and ALM across global banks and U.S. financial institutions. Expert in stress testing, liquidity risk, and capital optimization under Basel III, SR 12-7, DFAST, LCR/NSFR frameworks. Skilled in advising boards, regulators, and executive leadership with data-driven insights to strengthen resilience and profitability. Strong cross-functional collaborator with a track record of enhancing risk governance, ensuring regulatory compliance (Basel III, SR 12-7, DFAST, LCR, NSFR), and delivering capital-efficient solutions in rapidly evolving environments.
Overview
19
19
years of professional experience
Work History
Senior Vice President – Financial Risk Management
Veritex Community Bank
03.2024 - Current
- Led the implementation of Empyrean Solutions, strengthening IRR, liquidity, and capital stress testing modeling and reporting.
- Developed and executed the Bank’s IRR management framework, including scenario analysis, monitoring, and periodic reporting.
- Enhanced liquidity management by improving the Contingency Funding Plan (CFP), building out LCR, and upgrading liquidity stress testing processes.
- Built and automated liquidity and capital stress testing models (CECL methodology), improving accuracy, efficiency, and regulatory alignment.
- Designed the capital management framework (SR 12-7), including Capital Targets, ICAAP, Capital Contingency Planning (CCP), and sensitivity analyses.
- Improved model assumptions, scenario design, and governance, enhancing reliability and regulatory compliance.
- Directed regulatory strategy and reporting on capital adequacy, liquidity, and IRR; partnered with auditors, model risk, and regulators (FRB, Texas DOB).
- Oversee various Treasury processes and reporting (daily liquidity, borrowing capacity etc.)
- Delivered executive-level dashboards and presentations for ALCO, Board, and regulators, advising senior leadership on risk mitigation.
- Involved in various strategic planning and senior Finance leadership discussions.
- Mentor and coach junior employees in Finance and Risk.
Head of Asset Liability Management
Amherst Holding
12.2021 - 03.2024
- Led and mentored a high-performing team to monitor portfolio collateral performance and ensure compliance with equity and liability covenants.
- Developed and executed liquidity risk strategies, partnering with Treasury and capital management to ensure sufficient firm liquidity.
- Chaired ALM working group and Risk Committees, presenting risk, liquidity, and capital insights to senior stakeholders.
- Collaborated with traders and debt capital markets to size, structure, and hedge interest rate risk across portfolios.
- Oversaw monthly and quarterly financial and debt reporting, delivering timely and accurate insights on business and warehouse line performance.
- Directed third-party asset valuations across SFR investment funds and partnered with Private Equity, Portfolio Management, and Investor Relations to optimize pricing, assumptions, and portfolio composition.
- Advised senior leadership on performance optimization, collaborating on deal structure improvements and strategic initiatives.
- Prepared board and executive-level reporting materials under tight timelines, ensuring accuracy and regulatory alignment.
Vice President – Capital Planning and Reporting
Morgan Stanley
11.2018 - 12.2021
- Built the Global Large Transactions framework, establishing policies and processes to evaluate complex financial structures under Basel III and SEC Net Capital rules.
- Led balance sheet and RWA forecasting, driving capital optimization and strategic decision-making at the holding company level.
- Owned and maintained financial and capital models, including CCAR credit risk, lending, securitization, and SFT models, with strong documentation and governance.
- Directed month- and quarter-end close processes, overseeing reporting, reconciliations, accounting entries, and variance analyses.
- Prepared and reviewed key regulatory filings (FFIEC 101/102, FR 2590, 10-K, 10-Q, earnings release estimates) ensuring accuracy and timeliness.
- Partnered cross-functionally with Credit, Risk, Technology, and Business Units to align capital, liquidity, and accounting impacts with regulatory and business goals.
- Presented financial and risk metrics to senior leadership, creating management packs, board materials, and executive-level analytics.
- Strengthened governance and controls, supporting internal audit, regulatory relations, and oversight frameworks while assessing impacts of new regulatory developments.
Capital Management and Stress Testing Finance Manager
Synchrony Financial
12.2015 - 10.2018
- Developed and maintained the firm’s Capital Management Framework, executing the annual ICAAP process in alignment with regulatory expectations.
- Led drafting and refinement of the Annual Capital Plan, collaborating across business units to align capital strategy with firm-wide objectives.
- Analyzed and set the Annual Capital Target, presenting key findings and recommendations to senior leadership.
- Partnered with stress testing teams to analyze loss forecasts and develop macro variable sensitivity frameworks for enhanced scenario planning.
- Maintained and updated RWA models, ensuring accurate capital adequacy projections and regulatory reporting.
- Prepared DFAST 14-A schedules and supported capital reporting across quarterly, mid-year, and annual cycles.
- Authored and updated the Recovery and Resolution Plan (RRP) and key policies, reflecting evolving regulations and governance standards.
- Presented capital planning metrics to the Capital Management Committee, and collaborated with Internal Audit and Risk Oversight to ensure compliance and transparency.
Associate
Bank of America
01.2015 - 11.2015
- Supported credit approval and treasury solutions, coordinating with product partners, deal teams, and clients to structure and execute transactions.
- Performed financial, industry, and economic analyses, including debt capacity, leverage, and cash conversion assessments, advising C-level executives of companies ($50M–$2B revenue) on optimal financing solutions.
- Built and enhanced risk frameworks across Credit, Liquidity, Operational, and Market risk below firms that included responsibilities included ILAAP, RAS, RCSA, stress testing, Volcker Rule implementation, and managing risk metrics (VaR, DVO1, PV01) and early warning thresholds.
- Supported risk assessment, regulatory compliance, and operational improvements across all four firms, performing credit analyses, financial instrument reviews, reporting, data management, and mentoring junior staff to strengthen risk oversight and governance.
Senior Enterprise Risk Analyst
Umpqua Bank
07.2014 - 01.2015
Assistant Vice President
Lloyds Banking Group/Bank of Scotland
04.2007 - 07.2014
Credit Risk Analyst Consultant
Goldman Sachs
12.2006 - 04.2007
Operational Risk Consultant
Morgan Stanley
06.2006 - 12.2006
Education
MBA - Finance
Northeastern University, D’Amore-McKim School of Business
Boston, MA12.2015
BBA - Finance
Pace University, Lubin School of Business
New York, NY06.2006
Skills
- Empyrean Solutions (ALM)
- Hyperion
- Bloomberg
- SAS
- Microsoft Suite (Excel)
- Microsoft Suite (PowerPoint)
Timeline
Senior Vice President – Financial Risk Management
Veritex Community Bank
03.2024 - Current
Head of Asset Liability Management
Amherst Holding
12.2021 - 03.2024
Vice President – Capital Planning and Reporting
Morgan Stanley
11.2018 - 12.2021
Capital Management and Stress Testing Finance Manager
Synchrony Financial
12.2015 - 10.2018
Associate
Bank of America
01.2015 - 11.2015
Senior Enterprise Risk Analyst
Umpqua Bank
07.2014 - 01.2015
Assistant Vice President
Lloyds Banking Group/Bank of Scotland
04.2007 - 07.2014
Credit Risk Analyst Consultant
Goldman Sachs
12.2006 - 04.2007
Operational Risk Consultant
Morgan Stanley
06.2006 - 12.2006
MBA - Finance
Northeastern University, D’Amore-McKim School of Business
BBA - Finance
Pace University, Lubin School of Business