Executive-in-Residence , Global Risk Institute
Rita Achrekar is a corporate director and a former banking executive with 30 years of experience in global capital markets, risk management, governance and business transformation.
She currently serves on the boards of Farm Credit Canada and Canadian Investor Protection Fund. She previously served on boards of Investment Industry Regulatory Organization of Canada (IIROC) and Scotiabank subsidiaries.
Ms. Achrekar is as an Executive in Residence at the Global Risk Institute in Financial Services and is actively involved in governance issues relating to ESG.
Until 2019, Ms. Achrekar was a senior executive at Scotiabank. In the aftermath of the global financial crisis of 2008, she was appointed Senior Vice President - Trade Floor Risk Management, and strengthened the governance and market risk oversight of Global Capital Markets businesses across North America, Latin America, Europe and Asia Pacific. As Senior Vice President - Corporate Credit, she had responsibility for a US$ 300 billion credit portfolio across multiple industry sectors and countries. As Senior Vice President - Compliance Transformation, she led an enterprise-wide program spanning four business lines and 30 countries to support the bank’s digital transformation. She was a member of key executive committees.
Prior to joining Scotiabank, she held senior treasury and trading roles with American Express Bank and ING Bank in Mumbai, India.
Ms. Achrekar is a passionate advocate for diversity & inclusion, and for over 15 years, contributed to related initiatives at Scotiabank. Her community involvement includes United Way, Toronto Region Immigrant Employment Council and Shaughnessy School Association, and serving as an adjunct professor at a business school.
Ms. Achrekar has completed the ICD-Rotman Directors Education Program (ICD.D), and has a Bachelor of Technology (Electrical Engineering) from Indian Institute of Technology, Mumbai. She has an MBA from Jamnalal Bajaj Institute, Mumbai University and has completed Advanced Management Program (AMP) at Wharton Business School. She was awarded the Financial Risk Manager (FRM) designation by the Global Association of Risk Professionals.