Sanjiv Talwar

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Assistant Superintendent
Risk Support Sector

Sanjiv Talwar was appointed Assistant Superintendent, Risk Support Sector in September 2019.

In this executive role, Mr. Talwar oversees a wide range of services and functions, including anti-money laundering and compliance, credit risk, market risk, liquidity risk, model risk, corporate governance, operational risk and systemic and sectoral risk surveillance and analytics.

Mr. Talwar has more than 25 years in the financial sector, serving as a senior executive in risk management and trading in multinational banking institutions in Canada, Europe and Asia.

Most recently he was Head of Risk Capital, Stress Testing and Model Development at the Bank of Montreal, where he oversaw the determination of capital demand, including economic capital, regulatory capital and stress capital. He was also accountable for all risk model development and the use of stress testing.

Prior to BMO, Sanjiv was Senior Vice President at OCBC Bank in Singapore, where he held market risk oversight responsibilities for the trading and banking books, asset/liability management, product control and model validation. He was also Senior Vice President at CIBC in Toronto, where he was responsible for Basel II regulatory and economic capital.

His leadership experience also includes roles at Commerzbank Securities in London, where he served as Head of Quantitative Research & Financial Engineering and Head of E-Commerce.

Sanjiv holds a BSc and MSc in Civil Engineering from the University of Waterloo and a PhD in Aerospace Engineering from the University of Illinois at Urbana-Champaign.

Office of the Superintendent of Financial Institutions

The Office of the Superintendent of Financial Institutions (OSFI) is an independent agency of the Government of Canada, established in 1987, to protect depositors, policyholders, financial institution creditors and pension plan members, while allowing financial institutions to compete and take reasonable risks.