Shivani Kaushike

Shiv provides SF with trusted, independent and collaborative advice on strategic Governance, Risk and Compliance (GRC). She holds the FCA regulated roles of SMF16 and SMF17 for us, and works closely with the board and staff providing balanced views on GRC matters as required. Shiv runs her own business advisory (Shivalry) and has over 20 years experience across the private and public sectors.

Published:2 September 2025

Updated:21 November 2025

Shivani Kaushike’s headshot

Independent Governance, Risk & Compliance Advisor

Central Operational Planning

Shiv has worked with SF since 2021. She designed and developed SF’s first overall Principal Risk Framework and Risk Management Processes which were both approved by the Board. She established SF’s Audit Committee. 

She has led the regulatory and compliance agenda across the organisation negotiating our permissions with the FCA and ensuring they are fit for purpose, as well as enabling the organisation to be compliant whilst retaining a commercial outlook. She often provides a second independent opinion on complex topics/​projects and governance related challenges. 

Shiv has worked with regulators in the public sector, private retailers, rating agencies and across financial services. She has held and continues to hold Board Director Roles and has chaired Audit Committees.

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