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

00353793

Interview Notes:

• Has over 6yrs experience working on behalf of banks both abroad and the UK.
• Has a track record in banking and consulting, and extensive experience producing regulatory returns manually as well as key regulatory documents such as ICAAP, ILAAP, and Recovery Plans.
• In his previous roles, he has been instrumental in helping clients navigate complex regulatory environments, and delivering solutions that align with their specific needs.
• Has the ability to simplify complex regulatory requirements which has proven pivotal in communicating effectively with stakeholders, ensuring clarity and understanding.
• One of his core strengths lies in his ability to produce comprehensive ICAAP, ILAAP, and Recovery Plans. He has manually produced regulatory returns, demonstrating his ability to manage intricate tasks with precision and accuracy. Also has extensive experience in stress testing, risk appetite frameworks, and capital planning.
• Reason for looking - interested in getting out of practice as wants to own his own projects
• Salary Expectations £80k
• Notice period 4 weeks

PROFILE:

I am a results-driven professional with over six years of experience helping institutions meet regulatory requirements and adopt best practices. I am skilled at managing teams, creating positive work environments, overseeing projects, driving performance, and improving processes. I also excel at coordinating resources, setting goals, and delivering results. My goal is to continuously enhance my personal and professional skills, and to help others grow as individuals and professionals.

SKILLS:

• Team leadership, coaching, and staff mentoring
• Business development
• Project management
• Client relationship management
• Recovery and Resolution Planning
• Proficient in interpreting regulatory requirements
• Capital management, allocation and planning
• Enterprise Risk Management
• Regulatory Reporting and Assurance
• Risk Advisory
• Stress Testing and Scenario Analysis
• Proficient in drafting and reviewing regulatory documents.

CAREER HISTORY:

September 2024 – Present

Financial services

Manager, Prudential Risk

• Conduct quality assurance reviews and provide regulatory interpretations to banks and investment firms, which helps align their processes and frameworks with regulatory expectations and industry best practice.
• Assist firms in the end-to-end development or review of regulatory documents like Internal Capital Adequacy Assessment Process (ICAAP), Internal Liquidity Adequacy Assessment Process (ILAAP), Internal Capital and Risk Assessment (ICARA), Solvent Exit Plans, and Recovery and Resolution Plans (RRP).
• Assist firms in conceptualizing, designing and reviewing their stress tests and scenario analysis frameworks.
• Work with management and boards to test and embed recovery plans in daily operations.
• Provide specialist support on statutory audits by examining key regulatory documents and disclosures. This involves reviewing and challenging capital and liquidity forecasts, the assumptions and judgements in stress tests and reverse stress tests, and recovery and resolution actions to provide an opinion on banks’ stability.
• Project Management: Successfully managed multiple complex engagements, including stakeholders (internal and external), resource requirements, project workflow and schedule, budgets, and billings, resulting in an increase in project efficiency, profitability and client satisfaction.
• Line Manager/Supervisor: Supervise and mentor two staff members. My responsibilities include performance management and appraisals, goal setting and providing support for their development.
• Acting Head, Prudential Risk and Regulatory Reporting (6-month Secondment with a UK Bank): Led the preparation and analysis of the ICAAP, ILAAP and Recovery Plan. Reviewed and approved regulatory returns for submission. Led the assessment of new regulation on the Bank’s position. Participated in committee meetings, and led engagements with C-suite executives, board members, internal stakeholders and third-party service providers.
• Lead the analysis and drafting of ICAAP, ILAAP and Recovery Plans. Review and sign off regulatory returns, and assessment of the impact of new regulation on the Bank. Member of committees, lead stakeholder engagements with C-suite executives, and board members, internal auditors, and third-party providers.
• Train and onboard new hires, delivering instructions on compliance and regulatory standards, client services, and support them to meet the Firm’s expectations providing hands on support and regular feedback.
• Contribute to thought leadership on key regulatory consultation papers and supervisory statements.
• Lead the business development strategy for resolvability services in the banking risk consulting department.
• Support go-to market, identify new opportunities for expanding the client base.

January 2023 - August 2024

Financial services

Assistant Manager, Prudential Risk

• Successfully assisted banks and investment firms in the end-to-end development or review of key disclosures, including ICAAP, ILAAP, ICARA, stress tests and scenario analysis, recovery and resolution plans, and pillar 3 disclosures.
• Assisted banks in preparing regulatory returns like COREP, FINREP, LCR, NSFR, Leverage Ratio etc.
• Provided specialist support on statutory audits by reviewing key regulatory documents and assessing firm’s financial stability.
• Conducted quality assurance reviews of regulatory returns and provided regulatory support to firms.
• Assisted banks in testing and embedding their recovery and resolution plans.
• Project Management: Successfully managed multiple complex engagements, including stakeholders (internal and external), resource requirements, project workflow and schedule, budgets, and billings, resulting in an increase in project efficiency and client satisfaction.
• Line Manager/Supervisor: Managed two team members who successfully met their goals and the organization's objectives. This effective management resulted in their promotion.
• Trained and onboarded 6 new hires, providing instructions on compliance and regulatory standards, client services and the Firm’s expectations by providing hands on support and regular feedback
• Supported go-to market, and the development of new business and service offerings within the service line.

January 2022 - December 2022

Financial services

Senior Associate, Financial Services Risk and Regulation

• Assisted clients across various sectors to improve their Enterprise Risk Management (ERM) practices. This involved reviewing the current state to identify gaps, designing of frameworks, and supporting implementation.
• Led teams to assist banks implement the Central Bank of Nigeria’s (CBN) Basel 3 Guidelines. This involved gap analysis, policy development and updates, and training on regulatory reporting.
• Supported clients in preparing ICAAPs, ILAAPs and RRPs in line with regulatory requirements and best practice.
• Assisted banks in testing the operational effectiveness of their recovery plans.
• Assessed risk management practice in banks, providing composite risk ratings and areas for improvement.
• Conducted trainings, stakeholder engagements and contributed to thought leadership.
• Developed and implemented training programmes for junior associates, enhancing their skills and the Firm's talent pool.

September 2018 - January 2022

Banking

Team Member, Risk Analytics and Reporting

• Contributed to the design and deployment of risk-assessment tools to support the Bank’s expansion projects. I focused on capital budgeting and allocation in line with strategy, risk appetite, and regulation.
• Conceptualized and conducted comprehensive stress tests and scenario analysis, covering market risk, liquidity risk, credit risk, reputational risk, operational risk and climate risk, assessing the Bank’s position against various scenarios and contingencies.
• Authored annual ICAAPs and RRPs, responded to CBN queries as a part of SREP, calculated capital requirements for Pillar 1 and 2, and performed stress tests and scenario analysis.
• Monitored and reported on key risks and prudential limits, ensuring senior management's awareness and oversight of potential risk and strategic implications. This included preparing reports, including capital and liquidity scenario analysis and stress test for Enterprise Risk Committee (ERMC), Asset and Liquidity Committee (ALCO) meetings and Regulatory submission.
• Subsidiary Support: Supported the annual preparation of ICAAP, ILAAP, and Recovery Plans in the Bank’s African subsidiaries. This involved the full lifecycle from analysis, review, documentation up to final approval by the C-suite executives in the respective subsidiaries and at Group level.
• Supported Basel 3 implementation in line with CBN guidelines. Specific tasks included gap analysis, policy and limit updates, mock/dry run to assess the Bank's position vis-à-vis the new limits.
• Evaluated new initiatives, strategic goals, and product proposal by conducting independent capital adequacy and risk assessment.
• Analysed new legislation to determine impact on risk exposure and the Bank's position.
• Prepared Pillar 3 Disclosures in line with the CBN’s guidelines and best practice.
• Provided risk modeling, analytics and reporting to the Bank’s management and regulators.
• Developed policies and procedures for risk management and regulatory reporting for the Bank and its subsidiaries.
• Resolved various audit and regulatory exceptions effectively.
• Analysed the impact of corporate transactions on prudential ratios, ensuring informed decision-making.

September 2017 - March 2018

Investments

Investment Advisor

January 2017 - May 2017

Professional and Business Consulting

Audit Trainee

October 2015 - September 2016

Youth Services Scheme

Mathematics Instructor, Corps Member

EDUCATION:

2015: University

Bachelor of Science: Economics

• Second Class (Honors), Upper Division
• Dissertation: The Impact of Remittance on economic growth between 1970 and 2011

Certifications and Courses:

• ACI Dealing Certificate (ACI), ACI Financial Markets Association, 2022
• Financial Modelling and Valuations Analyst (FMVA), Corporate Finance Institute, 2020
• Associateship of the Chartered Institute of Bankers of Nigeria (ACIB), Chartered Institute of Bankers, 2018
• Entry Level Training Program (ELTP), School of Banking Excellence, 2018

PROJECTS:

January 2024 – Present: Chartered accountants Resolvability Solutions

• This involves participating in client pitches, creating go-to-market strategies, organizing webinars, writing articles, and improving the firm's capabilities.

September 2021 - January 2022: Bank Basel III Implementation

• This involved working with senior executives to assess Basel III’s impact on the Bank, identify gaps, update policies and limits, and conduct mock assessments/dry runs in preparation for “day 1”.

May 2020 - January 2022: Bank Investments and strategy implementation

• This involved working with a cross functional team made up of senior executives to:
• Assess potential risks associated with the Bank’s expansion in new markets.
• Assess capital requirements and find the best way to strengthen the bank's regulatory capital.

September 2019 - May 2021: Bank Credit Simulator

• Built a tool to allow management simulate the potential impact of new facilities on the Bank’s limits.

May 2019: Deliverables Tracker

• Built a tool to allow senior executives tract outstanding deliverables in the risk management division.

EXTRACURRICULAR ACTIVITIES:

• Contributor, Risk Management Workshop 2022
• Onboarding Mentor, Risk Management 2021 to 2022
• Sustainability Champion 2019 to 2022
• Risk Management CSR Committee 2019 to 2022.

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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