Shiv Panigrahi
Jersey City,NJ
Summary
Senior Risk Executive with over a decade of experience at the forefront of operational and compliance risk management. A recognized leader in harnessing artificial intelligence (AI), machine learning (ML), and cybersecurity to revolutionize risk frameworks and safeguard organizational assets. Known for building resilient strategies that anticipate and neutralize emerging threats, ensuring operational excellence and regulatory compliance in high-stakes environments.
Overview
20
20
years of professional experience
Work History
Senior Vice President, Exec
Bank of America
07.2020 - Current
- Spearheaded the creation and implementation of global risk management strategies for Global Markets Technology
- Led a team that is accountable for implementation of business process inventory management and operational excellence programs
- Built Strategic partnership with Enterprise Process Management and Operational Excellence teams on business process inventory enrichment, related governance and routines, including GCOR's (Global Compliance and Operational Risk) participation in Management Control Committee routines
- Provided oversight for creation of single process inventory for the execution of enterprise issues and control enhancements that ensures that issue owners throughout the enterprise are meeting policy requirements to identify issues and remediate them, timely and sustainably
- Directed large-scale technology initiatives, ensuring they align with the organization's risk appetite and regulatory standards
- Provided effective challenge to issue owners regarding issue identification, remediation planning, execution, and evidence packaging to ensure they are robust and address gaps in the environment.
- Partnered with senior leadership to highlight emerging risks and devise effective mitigation strategies
- Led continuous enhancements in risk assessment methodologies and tools to improve organizational risk management
- Cultivated strong relationships with stakeholders in technology, compliance, and business units for cohesive risk management
- Conducted focused risk assessments on technology systems to uncover vulnerabilities and threats
- Collaborated with IT, cybersecurity, and business teams to evaluate risk exposure comprehensively
- Communicated risk assessment outcomes and insights clearly to senior management and stakeholders
Senior Program Manager
BGC Partners/ Cantor Fitzgerald
04.2018 - 06.2019
- Directed compliance and risk management oversight for correspondent clearing and prime brokerage operations, with a strong focus on mitigating AML and financial crimes risk through robust controls and regulatory adherence.
- Facilitated stakeholder communication, leading to improved alignment between business objectives and program goals.
- Managed cross-functional teams to deliver high-quality products within scope and budget constraints.
- Contributes to the development of enterprise strategy, aligning team efforts with business objectives to drive measurable results and organizational success.
- Conducted comprehensive risk assessments and control evaluations across critical business areas, with a focus on AML, KYC, and financial crimes.
- Challenged risk controls, governance and process to ensure the timely identification, escalation, debate and remediation of risk across the organization
- Delivered detailed, data-driven reports to senior leadership, presenting findings and actionable remediation strategies to enhance organizational resilience.
- Built trust and alignment with business partners by effectively communicating complex regulatory requirements in a clear and actionable manner.
- Assessed critical business risks and controls related to AML, KYC, and financial crime compliance.
- Executed testing procedures for internal controls, documented findings, and implemented remediation plans to close compliance gaps.
- Delivered actionable recommendations to strengthen controls and mitigate regulatory and reputational risks.
Senior Program Manager
Deutsche Bank Group
05.2017 - 04.2018
- Directed the remediation of Matters Requiring Attention (MRA) and Matters Requiring Immediate Attention (MRIA) related to AML and financial crimes risk, ensuring timely resolution and adherence to regulatory requirements
- Data Quality and Control Implementation Owned and managed data quality projects within Global Markets Monitoring, identifying and addressing process and data gaps through effective compensating measures to enhance AML controls and mitigate financial crime risks.
- AML Control Enhancement: Led the remediation of control gaps within key financial systems, such as Geneos, ensuring compliance with AML regulations for high-value payments, ACH, checks, and FX4Cash.
- Data Quality Tool Implementation for AML : Spearheaded the rollout of the OCDO initiative, implementing the IDQ (Informatica) rule engine and custom reporting tools to assess and improve data quality, identify AML exceptions, and establish continuous data quality improvement processes (DQ Direct).
- Analytics Project Lifecycle Management: Managed end-to-end project lifecycles, from initiation through development, testing, and deployment, for AML analytics projects designed to identify and escalate suspicious activities or entities that could indicate money laundering or financial crimes risk.
Senior Management Consultant
RGP Resources Global Professionals
10.2004 - 04.2017
- Executive Leadership in Data & Analytics - Led high-impact, data-heavy initiatives, overseeing the collection, analysis, and application of large datasets to inform strategic risk management decisions, improve compliance, and drive operational excellence.
- Agile Transformation- Championed the successful Agile transformation of risk management functions, fostering a culture of collaboration, accelerating project delivery, and enhancing the adaptability of risk and compliance teams to evolving regulatory demands.
- Strategic Stakeholder Engagement- Collaborated with senior executives, compliance officers, legal teams, and IT departments to align risk management strategies with business goals, ensuring effective communication, decision-making, and risk governance at the enterprise level.
- Process Optimization & Risk Mitigation - Led continuous process optimization initiatives, utilizing advanced data analytics and Agile methodologies to streamline risk management workflows, enhance operational efficiency, and proactively address emerging regulatory and financial risks.
- Led complex remediation efforts for Matters Requiring Attention (MRA) across large financial institutions, developing and executing strategies to address regulatory gaps, strengthen controls, and improve risk mitigation frameworks.
Dodd-Frank Regulatory Reporting Oversight- Directed the implementation of Dodd-Frank regulatory reporting frameworks, ensuring full compliance with evolving requirements, enhancing reporting accuracy, and driving efficiency improvements in regulatory submissions.
Education
Masters in Electrical Engineering - Electrical Engineering
Fairleigh Dickinson University
Teaneck, NJBachelors in Engineering -
National Institute of Science and Technology
Skills
- Data Visualization
- Data Engineering
- Coverages
- Policies and procedures
- Operational excellence
- KPI tracking
- Robotic Process Automation (AI/ML)
- Risk Mitigation
- Trend Analysis
- Strategic leadership
Accomplishments
- Recipient of Platinum Award for MLPro merger coverage (Top strategic initiative for ML GMT in 2024)
- Recipient of Gold Award for Text mining work that involved automating search algorithm for key text and phrases across 1000s of project documentations and summarize suggested findings.
Timeline
Senior Vice President, Exec
Bank of America
07.2020 - Current
Senior Program Manager
BGC Partners/ Cantor Fitzgerald
04.2018 - 06.2019
Senior Program Manager
Deutsche Bank Group
05.2017 - 04.2018
Senior Management Consultant
RGP Resources Global Professionals
10.2004 - 04.2017
Bachelors in Engineering -
National Institute of Science and Technology
Masters in Electrical Engineering - Electrical Engineering
Fairleigh Dickinson University
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