European Bank for Reconstruction and Development (EBRD),

London

Summit IFRS9 Implementation:



Oversaw multiple concurrent work streams across regulatory, vendor trading system and new system development projects designed to implement £6M IFRS9 regulatory reporting requirements. Managed team of up to 30.

 

• Ensured timely regulatory compliance, turned around struggling project & saved >£1M after taking over from external consultants; stepped in after key personnel departure, and re-scoped, planned and controlled all phases and tasks. 
• Resolved complex vendor issues and held provider to deliverables that included post-go live strategy; liaised throughout and determined bug prioritisation, delivery iterations, dates and release management, creation and ownership of Go-Live Runbook, and internal release governance requirements.
• Fostered trust and consensus, resolved internal conflicts, and managed senior management expectations; assured project governance, engaged relevant parties and facilitated systematic discussions. Chaired regular project meetings with core team using Agile / Scrum approach, and steered meetings with MDs.

 



Exotics Modelling & Pricing Engine: 



Delivered £400K derivatives portfolio pricing project 25% under budget, with new architecture and ETL (Extract, Transform, Load) layer. Managed resources and budgets with direct control of IT resources.

 

• Enabled better use of capital and improved risk management through new modelling and pricing engine; allowed risk department to use own methodology and derive granular information to assess risk, independently of front office.
• Generated stakeholder buy-in and enlisted senior management support, dissolving silos; allied IT Development and Risk Department Quant teams in constructive collaboration, and worked closely with Head of Quantitative Risk team.

 



Summit Trading System Upgrade:

Headed upgrade of trading system from unsupported to supported version, from initial business case preparation to system implementation and post-go live maintenance service. Commended for quality of project artefacts and governance.

 

• Boosted functionality, efficiency and accuracy, and completed project within budget and planned timescale; drafted business case & obtained IT Budgetary and Governance sign-off. Reduced FTE through implementation of Summit STP.

 



Market Data Depository Enhancements:



Upgraded market data depository function as part of development process with iterative releases delivered via Agile methodology. Planned schedule and controlled budget, and fostered Developer / Treasury Quant cross-team collaboration.



Lloyds Commercial Banking,

London

Summit Dodd Frank & EMIR Regulatory Reporting:

 

Established compliance with new reporting rules, expanded functionality and upgraded management information reporting. Managed team of 12 across a series of Agile releases.

 

• Instrumental to Bank’s UK top ranking for compliant reporting; improved initial trade reporting success rate from 55% to 94% and reduced outstanding enhancements and bugs list by 80%.
• Created greater transparency and comfort for senior management with enhanced MI; introduced detailed daily reports that provided better understanding of trade failures and eased counterparty reconciliation. 

 

ING Financial Markets,

Brussels

Summit Trading System Migration Manager:



Oversaw migration of IRD portfolio with >35,000 trades across systems from Kondor+ to Summit. Developed and tested migration tool and centralised all derivative trades. Reported directly to Programme Manager and led team of five.



• Initiated efficiency savings and reduced FTE, saving > €1M annually; halved support and annual licence fees for over 100 users and enabled existing support team to become more productive and fully utilised.
• Reduced risk and enabled fuller portfolio view with more integrated MIS reports; offered better visibility on trades and P&L with new interface from trading systems into other MIS and settlements systems. Devised and implemented system that imported fixing rates and automatically updated the increased trade population.