Dhiraj Mahajan

Results-driven professional with 12+ years of experience in Credit Risk, CECL/IFRS9, Regulatory Reporting, Portfolio Analytics, Data Management and Business Analysis. Strategic risk and reporting executive with proven success in credit reserve optimization, regulatory compliance, and portfolio risk analytics. Expert in CECL/IFRS9 frameworks, structured finance, and fund accounting, delivering actionable insights that drive profitability, strengthen controls, and satisfy regulators.

Recognized for transforming reporting processes, boosting efficiency by 30%, and influencing senior management decisions with data-backed strategies.

Vice President – External Reporting - BNY Mellon - Pune

(2023-01 - 2026-06)

Credit Risk & CECL / IFRS9 Reporting and Asset Quality Reporting

• Delivered $250M+ Allowance for Credit Loss (ACL) under CECL/IFRS9 (US GAAP) and Expected Credit Loss (ECL) under ASC 326 allowance framework with both quantitative and qualitative allowance component.
• Delivered monthly and quarterly credit reserve calculations across CRE, Commercial Lending, Residential Mortgage, Corporate Banking, Leasing, Deposits, Placement, and Nostro portfolios.
• Analyse movements in credit reserves and explain key drivers impacting allowance balances to senior management and risk committees.
• Contribute TO CCAR quarterly stress testing submission – computing stressed credit losses and CECL based reserve impact for non – derivative portfolio.
• Partnered with Economic Forecasting and Credit Risk Modelling teams to interpret macroeconomic assumptions (GDP, unemployment, inflation, interest rates, commercial property values) impacting ECL calculations.
• Collaborated with Model Risk Management teams to validate CECL/IFRS9 credit loss models, ensuring compliance with SR 11-7 model risk guidance and regulatory expectations
• Act as primary point of contact for legal entity–related queries; track and monitor balances ensuring holdings are correctly reflected across entities.
• Executed Asset Quality and Credit Risk reports highlighting portfolio health, delinquency trends, nonperforming assets, criticized/classified exposures, charge-offs, recoveries, and reserve adequacy.
• Built asset quality dashboards in Power BI, cutting reporting turnaround time from 5 days to 1 day.
• Presented portfolio risk insights to senior management, directly influencing capital allocation and lending strategy decisions worth $1B+.
• Built and operationalised global syndicate loan monitoring infrastructure; drove Federal Reserve mandated scope expansions od SNC reporting requirement.

Lead Analyst – Managed Service Operations - FIS Global Services - Pune

(2017-07 - 2022-12)

Regulatory Reporting (iWorks Investments)

• Gathered and documented requirements for fund accounting and regulatory reporting processes supporting $10B+ insurance portfolios.
• Ran and verified regulatory reports per NAIC requirements; executed quarterly database scrub for current ratings and pricing to file quarterly NAIC reports.
• Conducted root cause analysis on reconciliation variances, streamlining workflows and achieving 99.8% SLA compliance.
• Automated reporting processes, improving accuracy and reducing manual intervention.
• Mentored 15+ analysts, enhancing team productivity and knowledge of financial reporting frameworks.
• Updated month-end pricing from data feeds; maintained S&P and Moody's ratings as per client regulatory requirements.

Senior Associate – USIS Shared Services - State Street Syntel Pvt. Ltd. - Pune

(2013-08 - 2017-07)

• Executed fund reconciliation and RTR activities for institutional and alternative investment services, including actual invoice generation, asset/trade/fund reconciliation per market deadlines
• Generated actual invoices and performed fund reconciliation of assets, trade activities, and derivative funds for institutional and alternative investment services per market deadlines.
• Researched and resolved reconciliation variances and aged outstanding items with onshore teams; managed unmatched trade resolution.
• Ensured adherence to SLAs, accuracy, and productivity KPI benchmarks; maintained continuous tracking across applications to prevent processing gaps.
• Streamlined shared services operations, boosting team efficiency by 30%.

Master of Commerce - Finance & Taxation - DAVV University, Indore (2009-05 - 2012-01)