If you like it, then by all means put the bump there. My suggestion will help you determine how much bump you actually need by holding the blank as you slowly remove the excess metal.
Personally, I don't like the look of your sketch....mainly because of the bump. It is too high on the blade spine and too deep over the ricasso ( which makes the ricasso a bit thinner than al the rest). A smaller thumb rest will work as well and look much better.
Also, there is a visual disconnect between the handle and the blade. Draw a line along the centerline of the handle, and another along the centerline of the blade.....see how far off they are? I would re-draw that sketch with a continuous (but shallow) curve from butt to tip on the spine, and then draw the blade edge and handle bottom to fit. You will now have a sketch of a knife with "flow" from end to end. From that drawing, modify the handle drop, butt shape, add a hump, etc. ....but always try and keep the end to end alignment visually ( and functionally) pleasing.
TIP:
When starting a knife drawing ( or most any drawing) set up two reference lines. On vertical and one horizontal ( x-y axes). Draw the knife with the tip on the x axis, and the ricasso on the y ( graph paper helps a lot). This will greatly help you see the balance of handle to blade ratio, as well as alignment of the blade and handle. It will also show a lot about the ergonomics and physics of how well the blade will handle and cut. The more the handle and blade stay on the same x axis plane, the smoother the transfer of energy from one to the other. If there is more blade on the negative x axis ( left side) than there is handle on the positive side ( right), the more energy can be transferred from the blade from the handle...and your hand ( as in chopping). If there is more handle to the positive side, then more energy is transferred from the handle to the blade ( as in a whittling knife).
Next, lightly draw a curved line from tip to where the butt will be. This provides a basic "flow" line for the blade. Use this line when placing the spine. Draw a reverse of this curve below the x axis. This should show the basic blade curvature. Us this line to determine the blades tip curvature and edge shape.
By fitting all the features you want into these parameters, you can keep the "flow" of the knife smoother.
The lines are not barriers you can't cross, but lines to guide you in placing the knife features.