First the compliance officers, now the counterparty credit risk tech specialists: GFT snaps up expert consultant

Consultancies are now snapping up the technologists that design counterparty risk technology systems from the major banks. Mohit Dwivedi is a case in point as he joins GFT after spending 10 years at Citigroup, the world’s largest FX dealer, where he designed a risk technology platform based on big data


This year, it has been a case of waving goodbye to the lifestyle accoutrements associated with high flying traders at the very coal face of London’s pole-position trading desks and saying a big hello to the grey suit.

Compliance officers, once staid bureaucrats which were more associated with ring-bound box files and taking a two week trip to Devon (SW England) every summer with the caravan neatly following the gunmetal grey Volvo station wagon adorned with deck chairs and self-heating cans of preserved food, are now the leading edge of the financial sector.

Anodyne regulatory pen-pushing has given way to extremely high technology which ranges from automated trade reporting systems to the stimulation of the minds of the youthful genius by providing a financial technology ‘sandbox’ in which Britain’s regulatory body, the Financial Conduct Authority (FCA) provides an environment for innovation in which the officials are actually helping the developers in bringing forth the next generation of financial markets leadership.


This was unheard of even just five years ago, and the tweed jacket with patches on the elbows and shoulders is a thing of the past.

Regulatory and compliance consultants that are able to understand and work closely with the ever evolving technology that is now very much instrumental to the infrastructural commitments that firms have made to increasingly astute and high tech government departments are now earning up to £1200 per day in London and are urbane and modern professionals with deep technical understanding.

The consultancy rates that such professionals are able to charge are now being echoed by risk management technologists that have cut their teeth in some of the largest and most advanced institutions in the world.

Today, Mohit Dwivedi joins professional services consultancy GFT as a Princpal Architect from Citigroup in London where he was Global Head of Front Office Risk Technology for the credit markets business of the largest FX dealer in the world.

Within management consultancies that provide fully outsourced services, a Principal Architect is a leadership position in which the responsibility for full end to end solution design is the main responsibility.

At Citigroup, Mr. Dwivedi designed a next generation enterprise-wide risk platform built on big data technology, grid computing and service-based architecture. With over 15 years’ experience of investment banking and consulting, Mohit has a proven track record in designing and delivering solutions for front-office trading businesses.

Mr. Dwivedi has held a number of roles in front-office technology; across market data, trade capture, pricing, risk, P&L and reporting for fixed income products covering flow, structured credit and emerging markets.

The point here is that Mr. Dwivedi spent 10 years at Citigroup at senior executive level, however professional services consultancies such as GFT are now taking on board such talent so that they can charge them out to companies in this industry as the reliance on big data, machine learning and automation becomes an integral part of ensuring that all aspects of risk, compliance, and credit exposure is managed in today’s fully electronic financial markets structure.

Read this next

Digital Assets

Himalaya Exchange customers seek release of frozen funds from DOJ

FormerFeds, a corporate defense and litigation service provider, has filed a lawsuit against the U.S. Department of Justice (DOJ) on behalf of over three and a half thousand Himalaya Exchange customers.

Digital Assets

Nubank, Circle, and Talos join forces for crypto adoption in Brazil

Nubank, the Brazilian neobank backed by Warren Buffett’s Berkshire Hathaway and Softbank Group Corp, announced new partnerships with cryptocurrency firms Circle and Talos.

Metaverse Gaming NFT

Flare onboards Ankr, Figment, Restake, and NorthStake as validators

Flare, an EVM smart contract platform known for its focus on blockchain data utility, has announced a major step in its development. The platform has onboarded leading infrastructure providers, including Ankr, Figment, Restake, and NorthStake.

Digital Assets

Sui Joins DeFi Leaders, Topping $100M in Bridged USDC

Sui, the groundbreaking Layer 1 blockchain created by the technology experts who led Meta’s Diem blockchain initiative and created the Move smart contract language, continues its explosive ascent in decentralized finance (DeFi). This week, it surpassed $100 million in bridged USDC. 

Digital Assets

Poloniex hit by UK regulator, listed as ‘unauthorised’ exchange

The UK’s Financial Conduct Authority (FCA) has added the cryptocurrency exchange Poloniex to its warning list of non-authorized companies. Poloniex, which is based in Seychelles, has experienced four hacks in the last two months and is affiliated with entrepreneur Justin Sun.

Industry News

Exclusive Markets is Proudly ISO/IEC 27001:2013 Certified by MSECB for Unparalleled Commitment to Information Security

Exclusive Markets, a leading name in the FINTECH sector, proudly announces the attainment of ISO/IEC 27001:2013 Certification by the MSECB. This esteemed certification highlights Exclusive Markets’ persistent commitment to fortifying information security within its cutting-edge trading technology. 

Digital Assets

SEC is discussing ‘technical details’ of Bitcoin EFTs ahead of approval

Discussions between the U.S. Securities and Exchange Commission (SEC) and asset managers seeking to list Bitcoin exchange-traded funds (ETFs) have reportedly advanced to key technical details.

Digital Assets

Versatus Labs Reaches $50 Million Valuation Following $2.3 Million Seed Funding Round

Versatus Labs, a peer-to-peer web services protocol aiming to help Web2 developers transition to Web3, has completed a $2.3 million funding round at a $50 million valuation led by key investors in the Web3 space including NGC Ventures and Republic Crypto. The latest funding round aims to help the company develop the ‘world’s first stateless roll-up’, Versatus LASR. This follows Versatus Labs’ recent pivot from Layer 1 solutions to Ethereum scaling solutions. 

Digital Assets

Binance ex-chief’s sentencing looms as court accepts his guilty plea

A U.S. district judge has accepted a guilty plea from former Binance CEO Changpeng Zhao (CZ) on charges related to anti-money laundering violations. The plea was accepted by Judge Richard Jones in the U.S. District Court for the Western District of Washington in Seattle.