Sukhinder Jaaj
Plano,TX
Summary
Dynamic leader with a proven track record in developing and managing complex projects and processes, adept at building and nurturing strong, diverse teams. Expertise in navigating business disruptions and regulatory changes while delivering innovative solutions to complex challenges. Committed to driving strategic initiatives and fostering collaboration among interdisciplinary teams, senior management, and regulatory bodies. Passionate about leveraging skills and experience to create impactful results in a leadership role.
Overview
31
31
years of professional experience
Work History
Enterprise Risk Director, SVP
Comerica Bank
01.2019 - Current
- Model Risk Management Director: Responsible to lead, direct and enhance the model risk management function, including model governance and validation. Built and maintained a strong multifunctional, collaborative and cohesive team with a very low turnover rate. Developed an MRM framework that is comprehensive and efficient. Provided thought leadership on managing emerging models and processes related to AI-ML, cyber, third party/vendor risk and climate risk. Panelist in ABA MRM conference on MRM related topics.
- LFI Lead: Responsible to assess, manage and report to the executive management committee and the Board on any gaps between the bank’s status as a Regional Bank and moving above the Large Financial Institution (LFI) threshold. This includes reviewing all regulatory risk management requirements for capital planning, model risk management and regulatory reporting.
Enterprise Risk Director, SVP
Comerica Bank
06.2012 - 12.2018
- Risk Governance: Responsible for providing thought leadership, execution and maintenance of enterprise risk charter, policy, risk appetite statement and risk governance structure, including recommending committee and working group structures. Well versed with enhanced prudential standards and other regulatory guidelines.
- Risk Reporting: Responsible for developing and providing quarterly risk reports for the Enterprise Management Risk Committee of the Bank and the Board. The report included quarterly risk status on credit, market, operational, technology, compliance, strategic and business risks. Prepared a quarterly CRO report and dashboard.
- Capital Planning: Key leadership role for planning, coordination and reporting of end-to-end Capital Planning process and controls. Created risk inventory and managed the scenario design process. Managed the development of models for stress testing and presented results to the executive management committees. Determined gaps relative to supervisory guidance and remediated all issues relative to Internal Audit and regulatory findings pertaining to the Capital Planning process.
- Model Development: Responsible for managing the central model development team and supporting the Model Risk Management framework, process and policies. Maintained a strong, coherent, centralized model development team and function. Provided oversight, assistance and training with strong understanding of documentation, data & testing standards under the model risk management framework.
Enterprise Risk Manager, VP
Comerica Bank
10.2007 - 05.2012
- Risk Aggregation: Responsible for developing reports and aggregate risk metrics and reporting to senior management.
- Stress Testing/Scenario Analysis: Responsible for performing enterprise level stress testing and scenario analysis.
- Model Validation: Responsible for model validation framework and policy, validation process and reporting. Validated Market, Credit and Operational Risk models.
Quantitative Methods Officer, VP
Comerica Bank
06.2003 - 10.2007
- MKMV Portfolio Manager Model: Responsible for on-going development, usage/training in MKMV Portman to calculate Credit Economic Capital and generate, analyze and present reports to senior management to support pricing, portfolio management decisions and capital management.
- LGD Validation: Built a tool to systematically capture Loss Given Default data and analyze the losses to validate some of the LGD business models.
- BASEL Models: Responsible in implementation of PD/LGD models for Middle Market and Large Corporate Businesses.
- Migration Model: Responsible for on-going development of enhanced metrics to analyze credit migration, capture PD/LGD correlation and to calculate loss rates to support Allowance calculations.
Portfolio Risk Analyst, AVP
Union Bank of California
12.1999 - 06.2003
- RAROC Parameters: Developed, analyzed and spearheaded the expected loss calculations for commercial loan portfolios.
- KMV Model: Developed databases of bank’s commercial portfolios to analyze expected default probabilities using option-based modeling and implemented monthly reporting.
- Migration Model: Developed enhanced migration model to generate monthly average loss factors for various loan portfolios used in loan loss reserving.
- Stress-Testing Model: Used CreditMetrics, KMV, FAMAS spreads to create a model stress testing multivariate component.
- Concentration Reporting: Developed concentration limits based on RAROC modeling.
Sr. Personal Financial Consultant
Bank One
01.1997 - 08.1998
- Managed high-profile client portfolios and averaged $5 MM in new sales per quarter.
- Supervised and trained 15 consultants in product sales, service and technology.
- Evaluated, analyzed and recommended financial products best suited for client needs.
- Applied financial modeling tools and performed variance analysis to manage portfolio risk.
International Sales and Accounts Executive
JITCO Group Ltd.
01.1995 - 12.1996
- Analyzed and generated annual budget reports, using Excel and MAS90 accounting package.
- Supervised 10 employees in multi-million-dollar goods inspection, warehousing and shipments.
- Created innovative order processing to expedite and manage purchasing, saving lag time and costs.
- Managed the supply-side logistics to facilitate just-in-time inventory.
- Examined and presented sales ideas and strategies, developing new clientele and export opportunities for the firm.
- (International Trading Company)
Education
Chief Risk Officer Certificate - Executive Education
Carnegie Mellon University
01.2019
Strategic Decision and Risk Management Certificate -
Stanford University
09.2014
Graduate Certificate - Applied Statistics
Penn State University
05.2009
Masters Business Administration. - Finance & Banking
Thunderbird, The American Graduate School of Int’l Management
Glendale12.1999
BS Business Administration. - Finance
California State University
Fresno05.1996
Skills
- Risk management
- Analytics
- Governance
- Reporting
- Strategic agility
- Managing vision and purpose
- Drive for results
- Relationship building
Membership
- Risk Management Association
- Global Association of Risk Professionals
- American Bankers Association
- The Clearing House
Timeline
Enterprise Risk Director, SVP
Comerica Bank
01.2019 - Current
Enterprise Risk Director, SVP
Comerica Bank
06.2012 - 12.2018
Enterprise Risk Manager, VP
Comerica Bank
10.2007 - 05.2012
Quantitative Methods Officer, VP
Comerica Bank
06.2003 - 10.2007
Portfolio Risk Analyst, AVP
Union Bank of California
12.1999 - 06.2003
Sr. Personal Financial Consultant
Bank One
01.1997 - 08.1998
International Sales and Accounts Executive
JITCO Group Ltd.
01.1995 - 12.1996
Strategic Decision and Risk Management Certificate -
Stanford University
Graduate Certificate - Applied Statistics
Penn State University
Masters Business Administration. - Finance & Banking
Thunderbird, The American Graduate School of Int’l Management
BS Business Administration. - Finance
California State University
Chief Risk Officer Certificate - Executive Education
Carnegie Mellon University