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Bala Shastri has a diverse work experience in the field of risk advisory, operations, technology, and transformation. Currently, Bala is working as the Director of Risk Advisory at Colonial First State. They previously co-founded and directed novocloud and risconomy. Bala has also held significant positions such as Chief Risk Officer at Eric Insurance Limited and Group Chief Risk Officer at Certane. They have also worked at companies like Praemium, MLC Australia, National Australia Bank, BTFG, and NAB, where they were involved in various roles related to risk management, compliance, and professional development.

From 2016 to 2017, Bala Shastri attended Macquarie Business School and earned a Graduate Certificate of Management. The field of study was Business Administration and Management, General.