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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Interview Notes:

Solid experience in regulatory reporting, liquidity risk management, and liquidity policy- with extensive experience in capital and liquidity reporting at leading financial institutions, he has honed his skills in delivering regulatory reports such as PRA110, NSFR, and LCR to the regulator, whilst ensuring compliance with regulatory standards. Proven track record in building sophisticated financial models to accurately assess risk and performance, conducting in-depth variance analysis to identify trends and anomalies in financial data, and effectively managing relationships with key internal and external stakeholders, which includes BOE, PRA, and FCA. Strong understanding of regulatory frameworks, combined with experience in managing cross-functional teams.

Currently serves as a First Line of Defence (FLOD) Policy Adoption and Implementation Specialist. Collaborating closely with Senior Managers in Group Regulatory Policies, Asset and Liability Management, Risk Management, and Financial Operations, he is responsible for leading the adoption and implementation of FLOD policies within the organisation. He also develops comprehensive procedure guides for regulatory reporting and ensure adherence to established standards. Additionally, he implements a robust methodology to validate end-to-end regulatory report production processes, guaranteeing accurate documentation storage, record-keeping, and audit trails.

PROFILE:

A seasoned finance expert with a 15-year career spanning prestigious institutions in the UK and Africa. I have strong commercial acumen, professional communication, and financial risk management. Core areas of expertise includes Liquidity Risk, Credit Risk, and Regulatory Compliance with track record in initiating and implementing business process improvements, driving efficiency, and ensuring compliance with industry standards.

TECHNICAL SKILLS:

• Experienced user of Hyperion, Lombard Risk (Vermeg), ALMIS, Word, Excel, EFins, CIVICA, SAP, Agresso, Phoenix and Sage.

EDUCATION:

2013:

ACCA – Member

2008: University

BSc Accounting and Finance 2:1

CAREER HISTORY:

July 2022 - Present

Banking

Treasury - Liquidity SME

Group Treasury – Liquidity Regulatory Policy Interpretation and Implementation

• Responsible for FLOD policy adoption and implementation.
• Chaired the Interpretation to Regulatory Report Working Group.
• Lead for policy implementation efforts, including chairing the Policy Implementation Working Group.
• Engaged with Global Regulatory Liquidity Policy and Global Treasury Risk Management teams.
• Conduct research on policy changes and formulated opinions.
• Responsible for maintaining regulatory reporting documentations.

Integrity of Regulatory Reporting Programme – Liquidity Traceability

• Developed an approach to validate end-to-end regulatory report production processes.
• Conducted compliance testing of the regulatory system architecture.
• Created comprehensive data lineage maps

S166 Regulatory Reporting Enhancement Programme

• Served as the subject matter expert (SME) for liquidity.
• Ensured accurate and high-quality liquidity regulatory reporting.
• Improved documentation and control frameworks for liquidity-related processes.
• Led the Liquidity Metrics Assurance Project.
• Reviewed regulatory returns for completeness and precision.
• Conducted geographical impact assessments related to new legislation.
• Collaborated with global ALCM, Change Programmes, and Operations teams to make informed reporting decisions.

January 2022 – July 2022

Banking

Regulatory Reporting Accountant - Liquidity Reporting (FTC)

• Overall management of bank’s liquidity reporting to ALCO, BOE, PRA and FCA. Including PRA 110, LCR, NSFR, FSA17, FINREP, MLAR, ALMM, ELS, BT and PL reporting.
• Daily internal liquidity monitoring and reporting.

November 2021 – January 2022

Banking

Regulatory Consultant (Grant Thornton Project)

• Technical review of new regulation to help determine impact on the bank.
• Regulatory reporting automation project including FINREP, Asset Encumbrance and NSFR.

April 2021 – November 2021

Banking

Senior Regulatory Reporting Analyst (FTC)

• Ensured timely and accurate regulatory reporting to the FCA and PRA, including Liquidity returns, FINREP and COREP returns (COR 001, 002,003,005,011,012, PRA110 and FSA17).
• Lead on liquidity reporting.
• Leveraged knowledge of regulations, financial markets and products to independently identify and resolve reporting issues.
• Collaboratively worked with business units and other internal stakeholders to ensure discrepancies are addressed.
• Improved regulatory reporting processes to drive efficiency and accuracy.

June 2019 – April 2021

Financial services

Compliance – Senior Manager Regulatory & Management Reporting

• Delegated CASS oversight and control function (CF10a) and Executive Director (SMF 3) responsibilities.
• Responsible for managing an effective control framework in relation to CASS, minimising risk and acts as SME to the business on all CASS related matters.
• Responsible for Client Asset Sourcebook (CASS) including oversight of Client Money Requirement reconciliation.
• Promoted appropriate level of CASS knowledge through the delivery of a comprehensive training programme. Proactively managed CASS risk through the evolution of the CASS Mapping Framework.
• Responsible for the brokerage’s regulatory reporting requirements to FCA and other external stakeholders.
• Ensured timely and accurate regulatory reporting to the FCA, including CMAR, FSA001, FSA002 and COREP returns (COR 001 and 005,).
• Developed a comprehensive understanding of regulatory reporting requirements and their impacts on the firm.
• Maintaining the Internal Capital Adequacy Assessment Process (ICAAP)
• Supporting the wider Compliance, Sales and Marketing teams with Client Money Requirements.

October 2018 – May 2019

Emergency services

Treasury Accountant (Financial Control)

• Built and implemented a new Treasury function from scratch, including systems, processes and roles.
• Achieved a green rating at first audit.
• Oversight and management of all Treasury functions, including but not limited to cash flow management and analysis, forecasting, variance analysis, bank account reconciliations, preparation of quarterly VAT returns, and financial reporting.
• Created the treasury role from scratch,
• Achieved a green rating at my first external audit.
• Collaborated with internal stakeholders and business divisions to produce accurate forecasts. By establishing the timing of future cash flows to ensure cash is utilised effectively across departments and business divisions.
• Drove essential cost efficiency initiatives with the aim of cutting £30m from the Force’s cost base in 3 years.
• Leveraged strong technical knowledge of accounting systems to build effective models and systems to streamline business processes.
• Developed and implemented strong internal controls to enhance control environment.

November 2017- October 2018

Creative arts institution

Finance Manager

• Managed a team of 3 finance professionals. Delivered all monthly and quarterly closing reporting including production of periodic accounts and oversight of the external audit process.
• Managed all Payroll operations, including determining tax and deductibles for temporary/permanent employees.
• Trusted advisor to Senior Management on income and expenditure decision-making: evaluated results against budgets to guide current/future spending decisions and encourage greater manager accountability.
• Constructed a Business Requirements Document for implementation of, and compliance with, the General Data Protection Regulations; liaised with stakeholders at all levels to develop an implementation plan.

May 2017 - June 2017

Financial services

Business Partner, Ring Fencing Project

• Hired for my technical accounting expertise to work with Operations & Technology business unit on the Structural Reform Program to ring-fence Barclaycard from the international business and investment banking.
• Worked closely with Finance Business Partners to evaluate and define the steps necessary to execute the split, including allocation of assets, staffing, purchase orders system, shared services and centrally managed costs.

September 2016 - May 2017

Charity

Finance Business Partner

• Managed internal and external cash flow activities for a multi-academy school trust; produced timely, reliable management accounts, including detailed variance analyses, budget re-forecasts and post month-end journals.

January 2016 - June 2016

University

Finance Manager, Treasury & Business Services

• Managed a team of 8 across treasury and business services.
• Responsible for treasury management, were I ensured that all credit, liquidity and market risks were understood, calculated and effectively reported, and that risks are were managed across the group in accordance with the board’s risk appetite.

April 2009 – February 2015

Banking

Finance Operation Lead and Treasury Officer, Asset & Wealth Management Group

• Provided key financial information and support to Management, including weekly, monthly and annual budgets, variance analysis, annual revenue forecasts and profit targets, to facilitate understanding of division’s performance.
• Deep expertise in cost management (monitoring of cost conformance, allocations, accounting for and reconciling prepayments and accruals etc.); demonstrated ability to identify trends and explain outliners to senior management.
• Built and maintained strong professional relationships with clients and stakeholders at all levels across the bank.

ACHIEVEMENTS:

• Career achievement: persistently achieved excellent performance reviews and merit-based promotions throughout my career in recognition of strong commercial acumen, technical finance knowledge and leadership skills.
• Innovation and proactivity: consistently commended for my critical-thinking skills and ability to rigorously analyse existing processes, identify deficiencies and drive system changes in order to cut business costs and increase efficiencies in competitive, rapidly evolving markets.
• Leadership: Finance Administrator for Youth Mentorship Charity Group since 2008. Manage the group’s finances in line with the charity’s objectives, support fundraising events and mentor young adults to become future leaders.

LANGUAGES:

• Fluent in Yoruba and English.

INTERESTS:

• Politics, history, youth empowerment and financial literacy, traveling, obstacle courses and sports.

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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