Wolters Kluwer’s Finance, Risk & Reporting business has hired Sarfaraz Ahmed as Market Manager, Finance and Risk, for its growing Asia Pacific (APAC) business.
Ahmed joins Wolters Kluwer from Standard Chartered Bank where he contributed to the bank’s various mandates for the past ten years, including those in risk analytics, policies, processes and systems. In his most recent role at Standard Chartered Ahmed was Stream Lead for the delivery of International Financial Reporting Standard (IFRS) 9 for the wholesale and private banking businesses. In this role he focused on the methodology and delivery of the models for Expected Credit Loss (ECL) computation while also ensuring data and systems were configured to deliver the required data for IFRS 9, supporting the transformation of the policy and processes impacted by IFRS 9.
Ahmed’s other roles at Standard Chartered included developing risk models in retail and SME businesses and leading the bank’s initiatives in securing internal ratings-based (IRB) accreditation for the bank’s subsidiaries in various countries in the Asia Pacific region. Prior to working at Standard Chartered, Ahmed held business development and analyst positions at FICO and ICICI Bank respectively.
“Wolters Kluwer’s Finance, Risk & Reporting business is experiencing significant growth in the region, with banks turning to us to provide their IFRS 9 solutions in particular,” comments James Stewart, managing director of APAC for Wolters Kluwer’s Finance, Risk & Reporting business. “Sarfaraz brings a wealth of experience to the role and he will be instrumental in ensuring we continue to develop our client centric model across finance and risk.”
Ahmed, who is based in Wolters Kluwer’s Singapore office, holds Masters degrees in Finance from INSEAD and Statistics from The Indian Statistical Institute.