Business Analyst Director, 11/1997 to 05/2018 UBS – London, UK
since: time to care for my terminally ill parent) Transformed risk parameters and effect on capital balance sheet along with ledger based reporting process while performing ad-hoc analytical investigations.
Required Capital reporting implementation - calculated offline spreadsheet estimates (quantitative impact studies) of the proposed capital adequacy CCR rules during the consultative phase for all UBS Investment Bank product groups, translating regulatory rules, assessing feasibility, challenging rationality, and providing ongoing feedback and submissions to the regulators.
Worked with with the lead IT developers to produce functional specifications, to integrate the new risk weighted assets calculations into the global financial reporting platform, (IRB/standardised/IMM and CEM), worked with stakeholders and business areas to obtain required input, coordinated the sourcing of data field/ feeds and risk parameters, integrity of data, and trade capture into risk models, tested outputs against offline expectations, implemented required revisions Coordinated the integration of the OTC derivative legal netting (ISDA) and collateral agreements (CSA), requesting timely legal updates and process amendments via strong established relationships and ownership of the relevant process mapping tables for products and countries etc Assisted in the design and content of policies and procedures with periodic review Presented the basics of capital adequacy to bank wide audiences Conducted numerous ad-hoc stress testing (potential internal credit rating changes and regulation revisions) and analytical investigations (programme errors/data integrity/trade capture) Ongoing advisory and analytical role throughout the bank including business areas, IB management and colleagues, for example, the capital impact of new trades Reporting of monthly risk weighted assets (credit/market and operational risk) output through business area packs Executed and presented monthly and quarterly reviews by product group and calculation approach for each business area and pinpointed areas of improvements for decision-making and meeting targets Introduced and maintained a top counterparty list summarising the drivers of the CCR capital for each for monthly discussions with business sectors to consider and plan risk mitigation opportunities Coordinating ongoing system updates, regulatory revisions and testing output Training offshore team to take over risk weighted asset report preparation and variance analysis Coordinated the legal remediation of ETD agreements in preparation for incorporation into the regulatory capital process Headed UBS Limited Treasury report production with cross function liaison, supervised and delegated to the offshore team, identified and defined potential issues to the responsible areas, assisting resolution e.g.
custodial reconciliations Key Contributions: Steered the process of regulatory capital proposals for CCR from consultative phase through to implementation for UBS investment bank within the agreed time-frames, and by interfacing with the regulators/challenging proposals with respect to risk, was able to influence amendments Presented findings to executive leaders to build consensus during a weeklong workshop in Switzerland and to external auditors Awarded key employee options for two consecutive years Delivered final regulatory capital reporting requirements integrated into the financial reporting infrastructure within the agreed timeframe, to high level of integrity and supported this process over many years, and successive releases Identified potential roadblocks while they were still sufficiently distant to be avoided.
For example: devised a risk/finance trade matching solution to substitute those trades qualifying for advanced risk modelled exposure from current exposure methodology, leading to significant improvements in efficiency, optimisation (reducing calculated RWA by billions) and transparency, avoiding high level timely manual adjustments for the financial reporting team Strong technical knowledge added real depth to the team, cross functional teams and stakeholders of regulatory risk weighted assets.
Considered a key contact organisation wide for advise on required capital, and the related system processes Ongoing variance analysis and deep-dives led to system and procedural improvements/improved data integrity, balance sheet treatment and ultimately an optimised reported required capital Regular stress testing and new trade impacts/regulatory revision offline estimates assisted with ongoing capital management and forecasting Continual monitoring and optimisation of OTC and ETD counterparty netting in conjunction with legal department significantly reduced and controlled reported required capital.
Internal Auditor (Assistant Vice President), 09/1995 to 11/1997 Credit Suisse First Boston – London, UK
Led and reported on audits in collaboration with small teams and on individual basis as well as update the risk control matrix.
Planned and conducted a diverse range of risk based audits from compliance and credit risk to audits on front to back product lines, for example emerging markets, European money desk, derivatives, debt capital markets, Warsaw office, and foreign exchange.
Worked with the various business areas to understand the procedures and processes, the risks and for assistance with testing the controls in place Updated the risk control matrix for each audit, keeping abreast of new risks Reported to senior management and, with them, formulated an agreed resolution plan Tracked tested audit issues to ensure control procedures were put in place and adhered to.
Senior Internal Auditor, 01/1994 to 05/1996 First National Bank of Chicago – London, UK
Awarded employee service award in 1995.
External Auditor, 08/1991 to 01/1994 Moores Rowland Chartered Accountants – London, UK
Bachelor of Science: Biochemistry and PhysiologyUniversity of Southampton - Southampton Biochemistry and Physiology
Master of Sciences: Management ScienceUniversity of Southampton - Southampton Management Science
Association of Chartered Certified Accountants
Enthusiastic, seasoned professional, originally an external/internal auditor, then gaining extensive regulatory capital (Basel 1, 2 and 3 and FCA equivalent) and statutory (IFRS) experience coupled with business analysis, project management, and financial assessments. Exceptionally risk focused and adept at understanding regulatory requirements and providing decision models for accounting, optimisation, stress testing, gap analysis, and forecasting across a variety of investment banking products i.e. trading and banking book products (money market, equities, credit derivatives, commodities, securities financing and prime brokerage). Proven track record of working with business stakeholders to gather and define strategic business requirements while collaborating with developers to build technical designs consistent with strategies. Strong technical knowledge of products and regulatory capital requirements e.g. CCR, IRB, IMM, Standardised approach, CEM and the drivers - credit rating PD, EAD, LGD etc.). Highly analytical in approach with respect to risk, data integrity, processes or accounting treatment. Very eager and determined problem solver, view seemingly insurmountable obstacles as a challenge to overcome. Great interpersonal skills to establish strong relationships and key contacts. Confident that acquired skills can be applied to any risk analysis and reporting role and can operate effectively at a strategic level but equally comfortable to be immersed in the technical details of a project. Proven expertise in: Technical knowledge (capital and product) Regulatory lifecycle Implementations Balance sheet reporting Financial and risk analysis Internal audit identifying risks Change management/process improvements, problem solving Defining clients' strategic needs MS Access, Excel, Word, PowerPoint and in-house risk/finance reporting systems