If you are interested in this candidate, please contact Richard Lalchan via email rlalchan@cerfinancial.co.uk or call on 0207 626 6065.

00149140

Interview notes:

• Has worked in banks with both Liquidity and Capital Regulatory Exposures for close to 11 years
• Has solid experience in Liquidity Regulatory reporting such as the LCR, NSFR, ALMM and BoE statistical Reporting and Capital Regulatory reporting (Leverage Ratio, CET1 ratio, HCB/Double Leverage and MREL exposure within the banks above.
• Has a good understanding of the Regulatory framework applicable within the Entity's jurisdictions (EU, HKMA, US UAE etc) that I have worked on, - BCBS, CRD IV, CRR, PRA requirements.
• His experience was that of using the submission tool - the OCC ( outbound control centre ) Tool with Extensible Business Reporting Language XBRL Mechanism which ensures the Reconciliation of the Returns to the Balance Sheet before submission
• Reason for looking – contract ending this month
• Salary expectations - £80k base

CAREER HISTORY:

August 2023 – Present

Banking

Capital Planning, Capital Management, Group Treasury

BAU:

• Monthly Capital forecasting and Management (CET1 Ratio, Total Capital Ratio, CET1 Double Leverage Ratio, Leverage Ratio, MREL/TLAC, HCB etc.), prepare Capital Dashboard for Group Capital Mgt Meeting (GCMM) useful for GAC/GEC meetings
• FRP - Financial Resource Planning, 5-year forward projections, Group and Material Legal Entity level
• GIST – Group Internal Stress Test and Annual Cyclical Stress Test, Group and Material Legal Entity level
• GRP – Group Resolution and Planning Leverage Ratio Forward Projections
• Group Capital Management process governance – within 1LoD for 2LoD and 3LoD engagements, arrange and document review and challenge with 2LoD and CMC1 regional entities for GUA purposes
• PRA101 updates involvements
• Daily/Weekly Capital Risks - Early Warning Indicators Reporting (CET1, DL, HCB & MREL) reflecting movements in FVOCI, FX, weekly Capital Buffer movements, terminal rates and the impact of Share Buy Back project on EPS

Projects:

• Involvement in the Capital Management Metrics monitoring/reporting Automation project through data loading into the tool, testing loaded data against Actual EUCs and highlighting variances to the project and IT automation team and parallel running.

Good working knowledge of Project Lifecycle, End to end testing planning in addition to good Capital Risk Management and Regulatory Reporting Metrics.

Good knowledge of EBA/PRA Capital Reporting Regulations, Enterprise-wide Risk Management framework, Capital Stress testing, ICAAP, Treasury operating Modules.

March 2022 – April 2023

Financial services

Regulatory Liquidity Risk Analyst

BAU:

• Assisting with the various Regulatory Reporting production processes (LCR, ALMM, NSFR, AE, NFB, RNFB 1M), Balance Sheet controls, adjustments, analysis, reviews and reporting
• Producing the Prudential Regulations Authority’s (PRA Line 150) reporting
• Global Market’s Balance Sheet and resulting LCR, NSFR, NFB, RNFB 1M impact Forecasting through Business units’ Leverage Exposure approved limits, variance analysis, and power-point deck presentation to the Group. Achievable through treasury and business resource management team engagements.

Projects:

• Working on Liquidity risks reporting BAU data quality issues remediation as well as top-down projects in BRD change requirements through JIRA tickets for specific Balance Sheet components (Securities, Deposits, Loans & Overdraft, Issuances, Repos and Reverse Repos, Prime Brokerage, Derivatives etc.) and the associated regulatory reporting Metrics impacts (LCR, NSFR, ALMM, AE, internal, NFB, RNFB 1M etc.), highlighting to management.
• Performing Project testing, UAT (Unit, Functional & Regression testing) on Balance sheet components and Regulatory Liquidity risk Metrics’ reporting changes from the User perspective and providing release sign offs.

Examples of recent projects involvement (to name a few) includes:

• NSFR ITS template implementation in CLARUS system (Liquidity reporting system)
• Group Intermediate and Target Assets Encumbrance development – which focuses on improving the Group wide encumbrance logic and the ability to create AE reports at Sub Perimeter level of the business
• Split Initial Margin / Variation Margin for the purpose of accurate LCR and NSFR recognition, calculation, management and reporting resulting in savings/reliefs for the BNPP group
• Regulatory Initial Margin (Reg IM) – Enhances the BNPP Group process capacity to post Equities Products as Regulatory IM resulting in the un-encumbrance of Securities product otherwise.
• Prime Brokerage Unit of Account netting (LCR & NSFR) – which focuses on specific client’s operational settlement functionality across Prime Brokerage activities & Currencies and interfaces with multiple BNPP entities

Good working knowledge of Project Lifecycle, End to end testing planning in additions to good Liquidity Risk Regulatory Reporting Metrics.

Good knowledge of EBA/PRA Liquidity Reporting Regulations, Policy documentation & interpretation, Enterprise-wide Risk Management framework, Intraday Liquidity Risk Management, Systemic Risk Management, BCBS 239, Liquidity Stress testing, Contingency Funding Planning, ILAAP, Treasury operating Modules.

February 2021 – February 2022

Financial services

Business Analyst/Project Management | Liquidity Projects

• Worked on the Liquidity data Repository architecture (LRK Feedback Loop) to ensure Group monthly reported Balance Sheet and the ECB LCR numbers are reconciled with Poseidon (lower-level liquidity reporting system).
• Worked on various Global Market’s Balance Sheet and Systems’ improvements, adjustments and data feed automation JIRAs as required through the daily and monthly BAU channels
• Raised JIRA tickets for Liquidity regulatory reporting BAU data quality issues relating to methodology and structural accounting reconciliation differences as well as BRD change requirement documents for specific Balance Sheet components and the associated Metrics calculation requirements analysis (LCR, NSFR, ALMM, AE, internal metric RNFB 1M) and presenting to User groups prior to go live.
• Produced JIRA unit tests, Functional test evidence and full Regression testing and share with User groups before a development go-live/release cycle
• Worked on the Global Market Daily Liquidity Risk Monitoring Dashboard automation in PSN with the python developer
• Worked as part of the team on the Assets Encumbrance logic improvement and NSFR template development from the LRK into PSN Liquidity system through PAL Resource calculation

Good knowledge of Project Lifecycle, End to end test planning and execution, Unit, Functional & Regression testing across all Balance Sheet products and Liquidity Risk Metrics (LCR, NSFR, AE, NFB, RNFB1M etc.)

Good knowledge of EBA/PRA Liquidity Reporting Regulations, Policy documentation & interpretation, Enterprise-wide Risk Management framework, Intraday Liquidity Risk Management, BCBS 239, Liquidity Stress testing, Contingency Funding Planning, ILAAP, Treasury operating Modules

July 2017 – February 2021

Financial services

Regulatory Liquidity Risk Analyst

• Providing support in ensuring adequate level 2 Validation and Control framework over Global Market’s Balance Sheet Management (at trade level sources - Fixed Income and GECD), and subsequent reporting processes across regulatory returns (LCR, NSFR, AMM, Assets Encumbrance, Leverage Exposure etc.), and internal metrics such as RNFB 1M.
• Performing necessary Balance Sheet (and Off-Balance Sheet related) adjustments across products such as Securities, Repo / Reverse Repos, Derivatives, Loans and Deposits, commitments etc. to ensure accuracy and completeness of the data quality used in regulatory reporting.
• Working with the Liquidity Reporting System’s team in providing improvements and/or automation of processes that enhances data quality and reporting, performing adequate testing of these developments and providing validations.
• Working with the Group Regulatory Reporting team in ensuring Global Market related queries are resolved in a timely manner to facilitate timely submission of the required Regulatory Template/ITS, this involves working with other Global Market stakeholders (ALMT, CB, Systems {PSN}, BP2S etc.) in getting issues resolved.
• Production of BNPP SA’s UK traded Assets and Critical Function’s report for the UK Regulators, PRA Line 150.

Products Knowledge – Liquidity Risk Drivers: - Loans & Overdrafts, Deposits, Prime Brokerage, Securitisation, Repos and Reverse Repos, Commitments & Guarantees, Derivatives etc.

Good knowledge of Basel III, EBA, and Delegated Act requirements in relation to LCR, ALMM, NSFR, BCBS 239 Risk Data Aggregation and Risk Data Reporting, Asset Encumbrance. Intraday Liquidity Risk Management

February 2016 – June 2017

Banking

Liquidity Risk Analyst

Liquidity and Treasury Reporting & Analysis:

• Assisting the team in developing a Validation and Control framework over the reporting processes across regulatory returns (LCR, NSFR & recently ALMM dry run), including reconciliations of the various product clusters and elements that feed the regulatory reporting requirements, to the COREP/IFRS Balance Sheet Ledger on monthly basis.
• Assisting in designing a review process within the team such as for Templates’ data interpretation & adjustment differences, Daily vs Monthly LCR including the components that feed into it, such as Balance Sheet Ledger reconciliations to Liquidity Reporting systems, top level adjustments, validations and with senior management & other stakeholders, designing packs for review sessions and forums on a CD15 and CD30 basis, tracking and highlighting internal metrics trends and flagging deteriorating ones for improvement initiatives.
• Assisting the team with operational responsibilities such as providing impact & variance analysis, validations and controls and back up support for loading Top Level Adjustments onto the face of returns, ensuring the team completes month end activities of producing Liquidity Regulatory (EBA, Delegated Act & QIS) and Internal Liquidity (Group's Divisional LCR) Reporting in a timely manner.
• Interacting with various departments such as the wider group finance, liquidity stress team and data providers across the Bank. Using KPI results to justify further process improvements, including feed changes and timeline of delivery of data. Assisting Treasury IT in their data quality issues remediation agenda with legacy systems with the view to building a new fit for purpose liquidity data aggregation, interpretation (methodologies and logics) and reporting system across regulatory templates (LCR, NSFR, ALMM, etc.)
• Analyze the results of the reporting process and investigate significant and abnormal variances. Where required coordinating with data providers/teams to resolve all open items. Engaging with key Finance and Treasury Stakeholders to provide transparency on the reporting process and enable review of the data before submission to the regulator.
• Assisting in ensuring all processes are correctly and thoroughly documented in Key Operating Procedures (KOPs), reviewed and signed off, are EUDA registered where required, across the team so that they satisfy data governance criteria and are fit for Audit purposes.

Products Knowledge – Liquidity Risk Drivers: - Cash and Deposits, Loans & Overdrafts, Issuances, Repos and Reverse Repos, Commitments, Intra-day Liquidity Risk Drivers

Good knowledge of Basel III, EBA, QIS and Delegated Act requirements in relation to LCR, NSFR, ALMM, BCBS239 risk data aggregations and reporting, Data governance lifecycle.

June 2011 – January 2016

Energy company

Liquidity Management

Liquidity Risk Management and Reporting:

• Provide CFOs, Treasury Traders, Treasury Leadership and Businesses with robust MI of Group liquidity positions and Net Debt such that appropriate risks are mitigated, and they rely on the indicated financial health and position of the Group and can be confident as to impact of their cash planning decisions.
• Daily production of Treasury Liquidity risks Matrix report incorporating group consolidated Liquidity positions, Bonds, Share Buybacks and Commercial Papers such that Investable Cash and indicative Gross & Net Debt exposures are ascertained.
• SME in Liquidity Management & Treasury’s Relationship with the businesses and functions, mitigating risks, promoting best practice, innovation in liquidity management and banking and as a trainer to the Group liquidity management network.
• Manage the group’s short-term FX risk by mitigating exposures to non-USD whilst balancing operational needs. Coordinate group currencies strategy meeting with the traders and instruct sell/buy action.
• Approve trade transactions to mitigate risks including foreign exchange, interest rate, credit, commodity, and operational risk.
• Coordinating and consolidating the group cash forecasting, variance analysis process and weekly presentation at the Treasury review meeting attended by Treasury VPs and Treasury leadership.
• Quarterly Group Liquidity and Debt Mark to Market (Stock Exchange) and Manage Auditor Relationship.
• Contributed to the development and review of the group cash and banking operating manual and trainer to the group liquidity network.
• Treasury Transformation and benchmarking - Implementing System change by documenting current business process, scoping exercises in aligning Treasury data by business entity, migration to new operating model and functional testing of prototype.
• Perform UAT on new system, document required business functions and Treasury’s reporting system requirements.
• Treasury Technology - Business requirement gathering, involving constant liaison with the Vendor, the businesses, IT and other stakeholders to secure managements buy-in, fully understand forecasting, reporting and financial disclosure requirement to ensure successful transition to Kyriba.
• Provided treasury’s idiosyncratic liquidity Stress testing data for the group wide stress testing, prepared and present group wide leverage and liquidity metrics slide decks as part of the Group Financial Risk Committee meeting.

Products – Money and Capital Market (Commercial Deposits, Repos, Commercial Papers, Currency Swaps, FX, Hedges, Bonds etc.), Investment Strategies and Operations.

Good knowledge of Basel III, PRA, LCR, NSFR, Asset Encumbrance.

Energy company

Commodities - Trade Completion

• Ensured trade data is captured according to terms of underlying agreement in both Front office and down-stream subsystems for accurate data interrogation. Ensuring compliance with and monitoring of appropriate Group/IST finance control policies, operating standards and control processes.
• Reviewed new trades, understanding the structure, and associated risks such as inappropriate trading standard and scenario, price, volume and specifications discrepancy, counterparty settlement risk that can impact P&L.
• Worked with stakeholders (Front office, Product control, IT, Credit and Market risk, Audit & Compliance) on an ongoing basis and ensured compliance of new trades with the required due diligence.
• Took ownership of the Balance Sheet and ensured adequate Balance Sheet and P&L controls existed and are monitored consistently.
• Worked on ad-hoc projects relating to improvements of system infrastructure, communicated with IT on system enhancements and resolved production issues.
• Investigated and documented trade capture incidences above the threshold, intersystem breaks, to ensure timely clearance and escalation of risk exposures to Management
• Developed global processes in standardization of reconciliation and trade data analysis and shared with my team.
• Strong Intra & Inter-company trade capture, reconciliation, netting, settlement and accounting including associated ancillary costs such as demurrages, freight, storage etc.
• Worked with external system vendors and ensured vendor solution is specific to detailed scoping & gap analysis by testing future state procedures
• Reviewed operational activities for market, credit and operational exposures, liquidity risks and P&L impacts.

Products – Physicals and Futures, Derivatives, FX – Ensuring compliance with IAS 39, IFRS 9, 13 for all Derivatives

Physical Crude Products - Sweet and Heavy Crude, Gasoline, Light, Middle and Heavy Distillate, LNG/LPG, Petrochemicals, Gas & Power and Freight & Demurrages

Derivatives – OTC | Forwards | Spot | Futures | FX

QUALIFICATIONS:

2011: Association of Chartered Certified Accountants (ACCA)

2014: Association of Corporate Treasurer (ACT) – (CertICM)

EDUCATION:

2006 – 2008: University

B.Sc. Applied Accounting (Second Class Upper)

If you are interested in this candidate, please contact Richard Lalchan via email rlalchan@cerfinancial.co.uk or call on 0207 626 6065.

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