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Ritesh Bansal
Director, Quant Platforms
Professional Background
Ritesh Bansal is an accomplished product manager with an impressive track record spanning over 25 years in the quantitative and analytical platforms space. Throughout his career, Ritesh has demonstrated his ability to merge product thinking with modern software infrastructure, ultimately delivering innovative and high-performance quantitative platforms. His expertise lies in building and leading interdisciplinary teams that consist of product managers, quantitative analysts, engineers, and designers, fostering collaboration and driving successful project outcomes.
In his current role as the Director of DART Solutions Engineering (DSE) at Citigroup, Ritesh has made remarkable contributions since taking the reins in 2021. Under his leadership, he transformed DSE from a modest team of three to a robust group of over 40 professionals. This ambitious expansion has enabled DSE to design, build, and deliver firm-wide platforms dedicated to crucial functions such as scenario forecasting, stress loss modeling, and ratings. Ritesh oversees the product teams that tackle every aspect of the platform stack, including infrastructure, model libraries, and analytical tooling. He is deeply committed to optimizing performance and end-to-end auditability, as well as improving model velocity through automated testing.
In addition to his primary responsibilities at Citi, Ritesh is also passionate about fostering innovation and training within the risk management domain. He actively drives initiatives that elevate the skills of his peers and encourage creative solutions to complex problems.
Education and Achievements
Ritesh's educational background reflects his strong foundation in mathematics and computer science, which has played a crucial role in his career in quantitative finance and analytics. He earned his Bachelor of Science degree in Mathematics and Computer Science with research honors from Carnegie Mellon University, a prestigious institution renowned for its emphasis on technical excellence and innovation. Furthermore, Ritesh pursued advanced studies in Econometrics at The Graduate Center of the City University of New York, deepening his knowledge and expertise in statistical and mathematical modeling practices.
Ritesh's professional journey began at Long Term Capital Management, where he honed his skills in quantitative analysis. He later took on increasingly significant positions, leading quant trading teams at Ronin Capital and Millennium Partners. His experience includes serving as a Quantitative Analyst at Caxton Associates and as a Risk Model Implementation Consultant at J.P. Morgan. Ritesh's breadth of experience includes a variety of roles that span across startups and established financial institutions, further refining his strategic vision and leadership capabilities.
One of Ritesh's most notable achievements prior to joining Citigroup was co-founding VerusAI, where he served as Chief Product Officer. VerusAI was recognized for pioneering a machine learning platform specifically designed for real estate valuation and analytics. This innovative venture showcased Ritesh's ability to meld technology with the demands of the real estate market, illustrating his forward-thinking approach and commitment to leveraging data for impactful decision-making.
With a wealth of experience accumulated at leading institutions and startups alike, Ritesh has established himself as a key player in the analytical platform industry, consistently championing best practices and emerging technologies to create value for stakeholders.
Notable Achievements
- Team Leadership and Growth: Successfully grew DART Solutions Engineering from a 3-person team to over 40, demonstrating exceptional leadership and team building abilities.
- Platform Development: Spearheaded the design and delivery of critical platforms for scenario forecasting, stress loss modeling, and ratings at Citigroup, enhancing overall risk management capabilities.
- Innovation in Real Estate Analytics: Co-founded VerusAI, creating a leading machine learning platform that transformed real estate valuation and analytics, underscoring his innovative mindset.
- Extensive Industry Experience: Accumulated a diverse range of experience working with high-profile companies such as J.P. Morgan, Millennium Partners, and Ronin Capital, contributing to expertise across quantitative finance and risk modeling sectors.
- Commitment to Training and Development: Actively promoting training and innovative initiatives at Citigroup aimed at building skills and fostering a culture of excellence within risk teams.
