Summary
Overview
Work History
Education
Skills
Websites
Certification
Accomplishments
Publications
Timeline
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Devamrita Biswas

Devamrita Biswas

Senior Business Analyst Lead
Pune

Summary

Perceptive Senior Business Analyst, Senior Product Owner, Techno-functional consultant with 9.6 years driving successful business processes & leading the implementation of customized IT solutions for complex business problems; working closely with executive management and teams at all levels in both Product Based and Service Based Organization. Dedicated to maximizing impact of key performance metrics to enhance and expand business operations. Leading Modernization Project in Credit Risk Domain, Managing Teams, Known for leveraging both macro and micro-scale analyses to generate holistic images of ongoing business operations for immediate actionability. Expertise in Capital Market, In Retail banking, Core banking, AML & Regulatory reporting projects, Credit Risk and Market Risk. Experience in managing end to end projects from initiation to closure, handling multiple stakeholder's expectations while maintaining high quality delivery under tight deadlines.

Overview

10
10
years of professional experience
13
13
Certifications

Work History

Senior Lead Business Analyst

FIS GLOBAL
09.2023 - Current
  • Requirement Gathering, Analysis and Prioritization
  • Product Functional Enhancements: Develop the scope, and define and prioritize backlog items in Value Streams (Epic, Features, User stories) that guide the Agile software development team.
  • Gather requirements from the Product Team, conduct initial market research for best practices on the webpage, and source tables and formulations as per policy on calculation and QC testing for the SAS Adaptiv product.


  • Driving Credit Risk capital initiatives under Basel III/IV by gathering requirements for both Standardised and IRB approaches, aligning data pipelines for PD, LGD, and EAD inputs, and ensuring compliance with regulatory capital reporting (e.g., COREP C07/C08). Collaborated with risk and finance teams to support model calibration, override policies, and gap assessments between foundation and advanced IRB models for retail and wholesale portfolios.
  • Conducted stakeholder interviews to understand user needs and preferences and As a Business Analyst, I wrote SQL queries, including joins, to extract and analyze data for validating use cases and requirement scenarios.
  • Worked closely with clients to ensure their satisfaction with the delivered product or service.
  • Involved in preparing BRD, FSD, SRS, Data Mapping documents.
  • Determined opportunities to improve workflow by adding and modifying processes, revamping use cases for each initiative, and creating new components for each functional area.
  • Risk UI: 'Independent What If' analysis assessment and corrections - testing of existing What If impact on the UI portal and checking if required in future builds, as well as submitting corrections from the Sandbox.
  • Modular Schema Enhancement Project (OLAP/artiQ): functionality to break the current artiQ/OLAP-based schema into separate, independent, customizable modules.
  • Options, VaR, and MV limits: Limits specific to option exposure should be established for any entity with sizable option positions. Such limits should consider the sensitivity of positions to changes in delta, gamma, vega, theta.
  • Led functional delivery for Credit Transformation initiatives focused on credit assessment processes; acted as SME for the RWA calculator aligned with Basel III guidelines, covering key credit risk aspects such as Probability of Default (PD), Loss Given Default (LGD), and Exposure at Default (EAD).
  • Worked as a Proxy Product Owner and collaborated with PO/SMEs to support backlog shaping, prioritization, and Agile ceremonies, drafting detailed user stories with acceptance criteria and driving delivery with cross-functional teams.
  • Optimized business operations with thorough analysis of current systems, identifying areas for improvement and recommending actionable changes.
  • Leading FRTB Backtesting and SIMM Backtesting initiatives for global banking clients to ensure compliance with Basel III and ISDA SIMM standards, by translating regulatory mandates—such as Expected Shortfall, PLAT, NMRFs, and exceedance tolerance (≤ 2.5%)—into structured requirements and test plans. Engaging with legal, compliance, and risk teams to define breach thresholds, clarify SIMM risk factor definitions, determine calibration frequencies, and set revalidation criteria, while coordinating with quant and IT teams to validate sensitivities, align exposure data, and ensure full audit traceability as Senior Product Analyst Lead.
  • Enhancing packaged solutions for FIS banking clients as Product Owner this year by integrating client-requested credit and market risk limits; managing requirements analysis, backlog grooming, and prioritization to ensure timely delivery and product alignment with evolving risk frameworks.
  • Developing ESG-compliant option pricing models using Python, applying stochastic methods such as Heston VG and Hull-White for theoretical pricing, alongside LSTM and CNN deep learning models using Python for forecasting index option prices; incorporating climate risk factors and overseeing full deployment lifecycle for client delivery.
  • Possess 6 years of experience in regulatory reporting (FR Y-15, COREP, FINREP), with strong documentation skills, end-to-end support through UAT, trainings, and go-live, and a data-driven mindset for continuous improvement.

Senior Business Analyst

TCS
09.2015 - 09.2023
  • Product Concentration Limits. Product concentration limits may be useful to ensure that a concentration in any one product does not significantly increase the market risk of the portfolio as a whole.
  • Clients (investment banks) query handling regarding functionality usage and feedback through Jira user stories, testing, or customization vis-à-vis schema changes, script modification (XML, JSON, PS, CMD), or taking up new responsibilities.
  • Gather and analyze requirements into user stories, prepare the BRD, FSD, and assign them to developers with the help of Jira.
  • Created Functional Specifications Document (FSD) for new regulatory changes to be implemented in ACM.
  • Analyze the product on a day-to-day and periodic basis for continuous, constant improvement, and make it more user-friendly.
  • Involved in VaR, IRB and MV calculations ensuring regulatory compliance.
  • Investigation and validation of Credit Engine, migrating feeds, and preparing specification document designed and documented test scenarios for System Integration Testing (SIT) to validate end-to-end data flow and system interactions.
  • Implemented multiple functionalities across the regulatory risk domain, such as supporting the calculation of RWA and capital requirements for Credit Risk, Counterparty Credit Risk, Leverage Ratio, Large Exposures and VaR calculations.
  • Developed business process models to identify and document customer requirements.
  • Documented test cases for validating system functionality against user requirements.
  • Prepared cost and benefit analyses to support decision-making regarding potential solutions.
  • Prepare test cases, Flow diagrams, Requirement Traceability Matrix (RTM) and validated with data before passing them to Testing team.
  • Interacted with Business users to gather requirements based on CCAR Regulation for Financial Statements, Interest Rate, FRY9C, Credit Ratings, and Investment Securities.
  • Analysis and Logic verification of attributes for Securities and Party Data.

Education

Full Stack Artificial Intelligence & ML Masters Program - DATA SCIENCE

TUTORT
04.2023 - 04.2023

Secondary -

Baranagar Ramkrishna Mission
Kolkata, India
04.2001 -

Higher Secondary - Science

BT Road Govt. Spos. High School
Kolkata, India
04.2001 -

Bachelor of Technology -

Netaji Subhas Engineering College
WBUT
04.2001 -

MBA - Finance

IFMR GSB( KREA UNIVERSITY)( Full Time)
Chennai, India
04.2001 -

Master of Technology - AI And DSE

IIT Patna
Patna
04.2001 -

Skills

  • Lean Six Sigma BLACK BELT
  • SIX SIGMA Green Belt
  • Design Thinking
  • SAFe POPM SCALED AGILE 60 CERTIFIED
  • JIRA
  • CBAP
  • ETL
  • Teradata
  • Cognos
  • Power BI
  • POWERSHELL
  • PYTHON
  • JSON
  • XML CONFIGURATION
  • MSVISIO
  • Tableau
  • Cobol
  • VisionPlus
  • JCL
  • DB2
  • UNIX
  • R
  • Data warehouse
  • SQL
  • Data Mapping
  • Certified Financial Analyst(NISM)
  • Domain Certification on Capital Market
  • Requirement Gathering
  • Data Analysis
  • Credit Risk
  • Ambit/Adaptiv Calculation Engine
  • Business process mapping
  • Basel-IV
  • COBOL
  • CICS
  • Powerpoint
  • VBA
  • Macros
  • MySQL
  • Different Technical Analysis

Certification

Artificial Intelligence and Machine Learning - Deep Learning AI certification from Coursera

Accomplishments

  • Star Performer and achieved client appreciation for implementing automation in Banking Project.
  • Received 'On the Spot Award'; 'Learning Achievement Award', 'TCS Gems' & 'Performance Band A'
  • Hands on experience directly with clients, won 'Spot-light Award' among all domains in CITIBank and achieved client appreciation too in FY17 resulted cost savings of 200$ in FY18.

Publications

World of Business with Data and Analytics, Investor Behavior towards Mutual Fund, https://doi.org/10.1007/978-981-19-5689-8_7

Timeline

Senior Lead Business Analyst

FIS GLOBAL
09.2023 - Current

Full Stack Artificial Intelligence & ML Masters Program - DATA SCIENCE

TUTORT
04.2023 - 04.2023

Senior Business Analyst

TCS
09.2015 - 09.2023

Secondary -

Baranagar Ramkrishna Mission
04.2001 -

Higher Secondary - Science

BT Road Govt. Spos. High School
04.2001 -

Bachelor of Technology -

Netaji Subhas Engineering College
04.2001 -

MBA - Finance

IFMR GSB( KREA UNIVERSITY)( Full Time)
04.2001 -

Master of Technology - AI And DSE

IIT Patna
04.2001 -

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Devamrita BiswasSenior Business Analyst Lead