SUMMARY:

• Assisted in the development of a new governance structure within CCRM. Key responsibilities included development of profiles/charters for five councils and a senior management committee (comprising of Chief Risk Officer and his directs), creation of presentation materials, documenting key findings and research items etc.
• Developed several policies and procedures covering various aspects of the business including credit oversight, data management protocols, and new regulation monitoring and controls management.
• Leading a Governance & Oversight (G&O) and COSO framework compliance project which entails developing detailed artifacts such as process flow diagrams, process flow narratives, controls inventory, desktop procedures and work papers for key regulatory and management reports in CCRM. Responsibilities also include coordination of compliance risk assessments to ensure reports are meeting regulatory expectations. Reports in scope include regulatory reports such as FR Y - 14A/Q, FFIEC 101, FR Y-9C etc. and risk reports such as risk appetite metrics, senior management reports etc.
• Assisting in the implementation of the principles laid out in the Counterparty Risk Framework Document finalized in 2015.
• Leading the development of an independent verification framework of all key regulatory and risk reports. The work-effort entails development and execution of verification routines to ensure accuracy and completeness of documentation, change management and issue management protocols and report production review.
• Leading several data governance initiatives including developing a compliance framework for the BCBS 239 rules, implementing a Data Quality/Data Integrity Controls Framework for the CCAR/DFAST process and developing a set of exception management reports which will be circulated to senior management on a weekly basis.
• Assisted in the project planning/self-assessment/identification of key control points through development of end-to-end process frameworks and business requirements documents for the Basel Internal Models Methodology project.
• Led a project to complete a detailed self-assessment of the regulatory guidelines provided in the Interagency Guidelines for Counterparty Credit Risk comparing how the team compares to the regulatory expectations and developing a detailed dashboard of key projects.
• Work closely with regulatory agencies to report on progress related to Matters Requiring Attention (MRAs) and Matters Requiring Immediate Attention (MRIAs) gather feedback and implement further changes as requested by the regulators.
• Responsible for ongoing new regulation monitoring by setting up alerts from key regulatory agencies, creating newsflashes outlining key impacts of new regulation and circulating to broad distribution group.
• Leading editorial responsibilities for the quarterly CCRM newsletter. Responsibilities include editing content; liaise with team members in creating content and drafting the ongoing “Regulatory Corner” piece.
• Developed a set of risk appetite metrics by conducting quantitative impact analysis of regulatory capital data for Basel for CCRM. Responsible for ongoing monitoring of the Counterparty Risk Appetite Metrics.

TECHNICAL SKILLS:

• Advanced Word, Powerpoint, Excel and Visio skills, advanced writing and presentation skills including creating meeting packages for senior management level committees
• Understanding of JIRA, SHRP, Risk and Controls Self-Assessments (RSCA), G&O Toolkit and other Confidential risk and compliance tools
• Extensive experience drafting business requirements documents, functional design documents, policies and procedures, newsletters and regulatory alerts
• Product knowledge - OTC Derivatives and Repo-Style Transactions (repos, reverse repos and securities lending and borrowing)
• Regulation knowledge - Basel III guidelines, Interagency Guidelines for CCR, Supplementary Leverage Ratio, Liquidity Coverage Ratio, Single Counterparty Credit Limits
• Confidential Policy Library and Policy Management System experience
• Experience with Business Process Risk Management and risk and controls matrices

PROFESSIONAL EXPERIENCE:

Confidential, Charlotte, NC

Director, Counterparty Credit Risk

• Assisted in the development of a new governance structure within CCRM. Key responsibilities included development of profiles/charters for five councils and a senior management committee (comprising of Chief Risk Officer and his directs), creation of presentation materials, documenting key findings and research items etc.
• Developed several policies and procedures covering various aspects of the business including credit oversight, data management protocols, and new regulation monitoring and controls management.
• Leading a Governance & Oversight (G&O) and COSO framework compliance project which entails developing detailed artifacts such as process flow diagrams, process flow narratives, controls inventory, desktop procedures and work papers for key regulatory and management reports in CCRM. Responsibilities also include coordination of compliance risk assessments to ensure reports are meeting regulatory expectations. Reports in scope include regulatory reports such as FR Y - 14A/Q, FFIEC 101, FR Y-9C etc. and risk reports such as risk appetite metrics, senior management reports etc.
• Assisting in the implementation of the principles laid out in the Counterparty Risk Framework Document finalized in 2015.
• Leading the development of an independent verification framework of all key regulatory and risk reports. The work-effort entails development and execution of verification routines to ensure accuracy and completeness of documentation, change management and issue management protocols and report production review.
• Leading several data governance initiatives including developing a compliance framework for the BCBS 239 rules, implementing a Data Quality/Data Integrity Controls Framework for the CCAR/DFAST process and developing a set of exception management reports which will be circulated to senior management on a weekly basis.
• Assisted in the project planning/self-assessment/identification of key control points through development of end-to-end process frameworks and business requirements documents for the Basel Internal Models Methodology project.
• Led a project to complete a detailed self-assessment of the regulatory guidelines provided in the Interagency Guidelines for Counterparty Credit Risk comparing how the team compares to the regulatory expectations and developing a detailed dashboard of key projects.
• Work closely with regulatory agencies to report on progress related to Matters Requiring Attention (MRAs) and Matters Requiring Immediate Attention (MRIAs) gather feedback and implement further changes as requested by the regulators.
• Responsible for ongoing new regulation monitoring by setting up alerts from key regulatory agencies, creating newsflashes outlining key impacts of new regulation and circulating to broad distribution group.
• Leading editorial responsibilities for the quarterly CCRM newsletter. Responsibilities include editing content; liaise with team members in creating content and drafting the ongoing “Regulatory Corner” piece.
• Developed a set of risk appetite metrics by conducting quantitative impact analysis of regulatory capital data for Basel for CCRM. Responsible for ongoing monitoring of the Counterparty Risk Appetite Metrics.

Capital Calculation and Analysis - Finance Manager

• Prepared variance and trend analysis to explain material drivers of Regulatory Capital (Basel 3 Standardized/Advanced) for the Counterparty Credit Risk portfolio.
• Assisted in implementing a Sarbanes-Oxley Controls Framework for End User Computing Tools for the Capital Calculation and Reporting team. Key functions including implementing the controls, conducting training sessions to educate business partners on key elements of the framework and developing an ongoing monitoring process to track progress.

Senior Audit Supervisor

• Led several audits in the Counterparty Credit Risk space related to core risk management and Basel II assessments for the Bank. A sample of audits completed include Compliance to the Interagency Guidelines for CCR, Revised rules for Central Counterparties and Basel II IMM for CCR.
• Served as the subject matter expert for the Basel II regulations (including Internal Models Methodology) and Basel III Notice for Proposed Rulemaking (NPR) for the guidance related to counterparty credit risk.
• Assisted with several issue validations related to Matter Requiring Attention (MRAs) as mandated by the Fed/OCC.
• Led the introduction of a robust training program including Lunch and Learn sessions to educate various groups within Audit on key regulations impacting the team.

Director Regulatory Capital and Stress Testing, Counterparty Credit Risk

• Led the Bank’s Basel II implementation efforts for Counterparty Credit Risk.
• Managed a team of consultants/associates to remediate gaps in the counterparty credit risk space prior to the Bank’s entry into the Basel II parallel run. Responsibilities included drafting business requirements documents for Basel II compliance and drafting functional design documents.
• Liaised with Credit Risk Technology and Treasury to ensure streamlined execution and delivery for the Basel II projects.
• Provided periodic updates to regulators about progress made and issue remediation for the Basel II work effort.
• Managed a team of internal resources to scope out the Basel III work efforts for counterparty credit risk.

Risk Management Manager (Business Analyst) Enterprise Capital Management

• Reviewed the regulatory guidelines as outlined in the Basel II and III (BIS) guidelines, interpreted the guidelines, conducted gap analyses to determine compliance to the rules, drafted business requirements documents and functional design documents and liaised with Technology and Analytics to ensure that changes are successfully implemented as per the requirements.
• Worked closely with the trading desks/Lines of Business to ensure ongoing sustainability to the Basel II requirements. Responsibilities include monitoring the new product approval process, provide subject matter expertise to the desks with respect to regulatory capital charges, conducted monthly and quarterly meetings with the desks and monitored the regulatory landscape for potential changes which could impact ongoing Basel II compliance.
• Liaised with Counterparty Credit Risk to develop an infrastructure for sourcing trades cleared through a Central Counterparty into the Analytics Engine and calculating an exposure amount for the trade itself and the guarantee fund contribution amount.
• Assisted in developing a reconciliation framework which would enable a seamless solution to reconciling trade data used for regulatory capital to the data in the General Ledger and developed a framework to reconcile Basel Current Exposure Method (CEM) data to Basel Internal Models Method (IMM) data.
• Worked closely with the data quality and testing team by providing subject matter expertise for their testing efforts.

Manager, Financial Services Risk Management

• Assisted a top 3 US commercial bank develop a Basel II framework for their traded products portfolio. Responsibilities included drafting business requirements documents, conducting gap analyses, liaising with Technology and Analytics to ensure compliance to the Basel II rules.
• Assisted a top Wall Street investment bank conduct a gap analysis of the current counterparty credit risk infrastructure vis-à-vis the Basel II rules.
• Assisted in several Quantitative Impact Studies to calculate ballpark regulatory capital numbers for financial institutions. Responsibilities included querying large databases using SQL and MS Access to extract data, joining data in various tables using primary keys and presenting data in high level reports for senior management review.
• Assisted a top 3 US commercial bank with a Quantitative Impact Study (QIS) of the Basel III rules and the enhanced Central Counterparty requirements in the Basel III framework.