Rajendra Varma
About Rajendra Varma
Rajendra Varma is the Head of Operational Risk and Internal Control (ORIC) at HSBC Oman, with over thirty years of experience in the banking sector. He has previously held positions at Saudi British Bank and various other banks, and has contributed significantly to the development of risk management frameworks.
Current Role at HSBC
Rajendra Varma serves as the Head of Operational Risk and Internal Control (ORIC) at HSBC Oman. He has held this position since 2009, contributing to the bank's risk management strategies and operational frameworks. In this role, he oversees the ORIC Committee and is an active member of the Risk Management Committee, ensuring that the bank adheres to regulatory standards and best practices in risk management.
Previous Experience at Saudi British Bank
Prior to his current role, Rajendra Varma worked at Saudi British Bank as an Audit Manager in the Internal Audit Department from 1999 to 2009. During his ten years in Riyadh, Saudi Arabia, he gained significant experience in auditing processes and internal controls within the banking sector. His tenure at Saudi British Bank provided him with a solid foundation in risk management and compliance.
Diverse Banking Background
Rajendra Varma has over thirty years of experience in the banking industry, having worked with a variety of financial institutions. His career includes roles at HDFC Bank, Times Bank, Andhra Bank, and Dena Bank, in addition to his international banking experience. This diverse background has equipped him with a comprehensive understanding of various banking operations, including retail, corporate, audit, and compliance.
Education and Professional Qualifications
Rajendra Varma studied at the Indian Institute of Bankers, where he achieved the Certified Associate of Indian Institute of Bankers (CAIIB) designation from 1978 to 1981. He also holds a Bachelor of Commerce (B.Com.) degree from St. Joseph's College of Commerce, which he completed from 1973 to 1978. His educational background has provided him with a strong foundation in banking principles and practices.
Key Contributions to Risk Management
Rajendra Varma has played a significant role in enhancing risk management frameworks at HSBC Oman. He was instrumental in the integration of the Operational Risk framework during the pre and post-merger phases of the acquisition of Oman International Bank (OIB). Additionally, he actively participated in the introduction of the Risk and Control Assessment (RCA), Operational Loss Database (ORION System), and Key Risk Indicators, which are critical components of the bank's operational risk management strategy.