Sanjiv Talwar, Ph.D., ICD.D
Sanjiv has been in the financial sector for 30 years as a senior executive in risk management and trading in multinational financial institutions in Canada, Europe and Asia.
Sanjiv retired from OSFI (Canada’s financial sector regulator) where he was Assistant Superintendent, Risk Support Sector. In this capacity he led the specialist teams responsible for Financial Risk (market, credit and model risk) and Non-Financial Risk (Operational, Technology and Conduct/Culture), the data/analytics team and the emerging risk areas. As a member of OSFI’s Executive Committee, Sanjiv helped to steer the organization, review and approve strategy/policies and importantly, determine responses to emergency issues including the COVID pandemic responses.
Prior to OSFI, Sanjiv, as the Head of Risk Capital, Stress Testing and Model Development at the Bank of Montreal, was accountable for the determination of capital demand, all risk model development and the use of stress testing within BMO including its US CCAR exercise.
He also served in senior positions at OCBC Bank in Singapore in charge of Market Risk and Asset-Liability Management, and CIBC in charge of all credit analytics used for regulatory and risk management purposes.
His experience includes leadership positions at Commerzbank Securities in London, U.K., where he served as Head of Quantitative Research & Financial Engineering and Head of E-Commerce.
Dr. Talwar is a holder of the Institute of Corporate Directors Director designation.
Sanjiv's education includes a BSc and MSc in Civil Engineering from University of Waterloo and a PhD in Aerospace Engineering from the University of Illinois at Urbana-Champaign.