Amit Jilka Appointed as Vice President – Business Risk and Controls at Citi India Strengthening Risk Governance in a High-Velocity Financial Environment
In a strategic move reinforcing its commitment to robust risk governance and control maturity, Citi India has appointed Amit Jilka as Vice President – Business Risk and Controls, effective November 2025.
Based in Mumbai, Amit’s elevation comes at a time when global financial institutions are navigating heightened regulatory scrutiny, accelerated transformation agendas, and increasingly complex non-financial risk landscapes. His appointment reflects Citi’s focus on embedding risk discipline as a core enabler of sustainable growth and change execution.
With over a decade of experience spanning global banks, asset managers, consulting firms, and technology-led enterprises, Amit brings deep expertise across enterprise risk management, control testing, transformation assurance, and second-line risk oversight.
Leading Risk & Control Excellence at Citi India
In his current role as Vice President – Business Risk and Controls, Amit operates at the intersection of change, governance, and execution.
His responsibilities include:
- Strengthening risk and control frameworks supporting business transformation
- Ensuring effective control testing and issue remediation
- Supporting change initiatives with strong non-financial risk oversight
- Partnering with business and control functions to enhance risk maturity
His role is central to Citi’s objective of enabling innovation while maintaining rigorous control standards across businesses and operations.
Building Second Line of Defense Capabilities at Scale – M&G Global Services
Prior to Citi, Amit served as Assistant Vice President – Operational Risk & Enterprise Risk Management at M&G Global Services Private Limited, where he played a defining role in strengthening the organization’s India-based Second Line of Defense (2LoD).
Key Contributions
As part of the Group Non-Financial Risk function, Amit:
- Served as India’s Second Line of Defense, providing independent risk opinions to the Board and Risk Committee
- Established and scaled a high-impact 2LoD team in a complex, rapidly evolving regulatory environment
- Aligned India risk operations with global strategy and governance objectives
Risk Domains Led
Under his leadership, the India team supported critical risk domains including:
- Enterprise Risk Management
- Risk Assessments & Risk Governance
- Internal Control Testing
- Business Resiliency
- Third-Party Risk Management
- Regulatory Risk Support
Driving Risk Culture
One of Amit’s most notable contributions was the launch of the Risk and Compliance Academy–a structured capability-building program designed to strengthen risk awareness across the organization.
- 800+ participants successfully onboarded
- Enhanced enterprise-wide risk engagement
- Tangible improvement in risk literacy and ownership
He also led independent assurance reviews on change and transformation programs submitted to UK regulators, reinforcing M&G’s governance credibility during regulatory interactions.
Enterprise Risk Leadership Across Consulting & Digital Organizations
Enterprise Risk Manager – Quantiphi
At Quantiphi, Amit supported enterprise risk management in a fast-scaling, data-driven organization–bringing structure, governance, and people leadership to a dynamic environment where growth and risk needed to move in tandem.
Team Lead – Accenture
During his tenure at Accenture, Amit developed strong fundamentals in:
- SOC 1 controls
- Process audits
- Risk and control standardization
This phase strengthened his consulting mindset–balancing stakeholder management with technical depth.
Early Foundation – Tata Consultancy Services
At TCS, Amit built his operational grounding across:
- Commercial Banking
- Trade Finance
- Process controls and execution discipline
This exposure laid the foundation for his later specialization in enterprise and non-financial risk.
Leadership Philosophy: Risk as an Enabler, Not a Constraint
Across roles and industries, Amit Jilka’s approach to risk leadership is guided by three core beliefs:
- Strong controls enable confident transformation, not slow it down
- Second Line of Defense succeeds through partnership, not policing
- Risk culture grows through education and ownership, not checklists
His career reflects a consistent focus on translating regulatory expectations into practical, scalable frameworks that work for the business.
CXO Gateway Perspective
At CXO Gateway, we see Amit Jilka’s appointment as Vice President – Business Risk and Controls at Citi India as a reflection of the growing importance of non-financial risk leadership in modern financial institutions.
As organizations accelerate digital transformation, manage multi-jurisdictional regulation, and operate in increasingly interconnected ecosystems, leaders like Amit play a critical role–ensuring that growth, change, and governance move forward together.
His journey–from process and audit foundations to enterprise-wide risk leadership–positions him as a key contributor to Citi’s control excellence and long-term institutional resilience.