Chabi Deochand
About Chabi Deochand
Chabi Deochand is an Associate Director in Technology Risk Management at the Federal Reserve Bank of New York, where he has worked since 2022. He has extensive experience in IT audit and risk management across various financial institutions, including Citi, Morgan Stanley, and KPMG.
Current Role in Technology Risk Management
Chabi Deochand currently serves as Associate Director in Technology Risk Management at the Federal Reserve Bank of New York. In this role, Deochand leads a team responsible for managing IT risk across various business lines, including Markets, Research & Statistics, and Financial Services. This position involves overseeing risk assessments and ensuring compliance with regulatory standards, contributing to the stability and efficiency of financial operations.
Previous Experience in Financial Institutions
Prior to the current role, Chabi Deochand worked at the Federal Reserve Bank of New York as a Senior Regulatory Examiner in Operations & Technology Risk Management from 2016 to 2022. Deochand also held positions at Citi as Vice President of IT Audit from 2013 to 2016, and at Morgan Stanley as Manager of IT Audit from 2011 to 2013. This extensive experience in financial institutions has provided a solid foundation in risk management and regulatory compliance.
Educational Background in Computer Science and Business
Chabi Deochand holds a Master's degree in Computer Science from New York University and an MBA from NYU Stern School of Business. Additionally, Deochand earned a Bachelor of Arts in Computer Science and Mathematics from Queens College. This educational background supports a strong technical foundation and business acumen, essential for managing technology risk in financial services.
Technical Expertise in IT Risk and Cloud Migration
Deochand possesses significant technical experience in cloud migration, which is crucial for modernizing IT infrastructure within financial institutions. Additionally, Deochand has expertise in ISO-20022 adoption, enhancing electronic data interchange between financial entities. Specialization in cross-border payment networks further contributes to improving the efficiency and security of international financial transactions.
Career Progression and Roles in Technology Development
Chabi Deochand's career began as a Systems Analyst at NYU Langone Health from 1993 to 1996. Deochand then transitioned to various roles, including Lead Applications Developer at UPS from 1996 to 2001, and Project Manager & Senior IT Risk Consultant at KPMG from 2008 to 2011. These positions reflect a consistent focus on technology development and risk management throughout Deochand's professional journey.