Arpit Sarawagi
About Arpit Sarawagi
Arpit Sarawagi serves as the Senior Vice President and Deputy Head of Market Risk at IndusInd Bank, where he has been instrumental in implementing advanced risk management techniques. He has a diverse background in finance, having held significant roles at various banks including ICICI Bank, DBS Bank, UBS, and IDFC FIRST Bank.
Work at IndusInd Bank
Arpit Sarawagi currently serves as Senior Vice President and Deputy Head of Market Risk at IndusInd Bank, a position he has held since 2021. Prior to this role, he worked as Vice President and Deputy Head of Market Risk Management at the same institution from 2019 to 2021. His responsibilities include overseeing market risk strategies and ensuring compliance with risk management frameworks.
Previous Experience in Banking
Arpit Sarawagi has extensive experience in the banking sector. He worked at ICICI Bank as a Manager from 2005 to 2008, and later held positions at Barclays Capital as a Finance Analyst from 2008 to 2010, and at UBS as Associate Director from 2010 to 2014. He also served as Assistant Vice President in Treasury Finance at DBS Bank for nine months in 2014-2015, and as Director, Head of Trading Risk at IDFC FIRST Bank from 2018 to 2019.
Education and Expertise
Arpit Sarawagi holds a Master's Degree from the Institute of Chartered Accountants of India, where he studied Accounts, Finance, Tax, and Law from 2001 to 2005. He also earned a Bachelor's Degree in Commerce from St. Xavier's College from 2001 to 2004. He possesses expertise in advanced risk management techniques, including Value at Risk, back testing, CVA/DVA, illiquidity adjustments, stress-testing, and potential future exposure.
Key Contributions to Risk Management
Arpit Sarawagi played a key role in the implementation of the Treasury System (FM Converge/K+) from a mid-office and market risk perspective. He contributed to the SAS implementation for mid-office and market risk, incorporating best global practices. Additionally, he was instrumental in setting up the Middle Office Desk at IDFC FIRST Bank, enhancing the bank's risk management capabilities.