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PRASANNA IYYAPPAN Mob: 00 44 7565 681264, E-mail: [email protected] UK Visa Status – Permanent Resident Career Profile An experienced Senior Finance Professional with over 14 years of rich experience in Investment Banking and Financial Services industry with a proven track record in aligning the corporate strategy with Capital and Risk Management functions by implementing strong governance framework and building dynamic delivery teams focused on high quality results to support senior management decision making. Core Competencies and Skills Capital planning & Limit oversight, Risk management & Control, RWA mitigation & Impact analytics, Regulatory governance, Treasury operations, ICAAP, Stress testing, Financial modelling and Valuation. Strong experience in banking regulations including Basel III, CRD IV and PRA capital rules. Strategy formulation, Team building, Process improvement, Streamlining and Change management. Excellent stakeholder management with a business partnering approach and results driven attitude. Strong motivator and very good team player with effective leadership, presentation, communication, decision making, problem solving, project management and interpersonal skills. Expert level knowledge in Office applications and Business intelligence systems. Professional Experience Contractor (Senior VP Level), Regulatory & Capital Projects – Credit Suisse London (Since May 2013) Managing key strategic projects with a keen focus on optimising the capital positions of different legal entities and complying with the local regulatory requirements. Successfully implemented Capital MIS project for setting limits on business wise capital usage and Legal Entity Planning project for designing the optimal global capital structure of the group. Proposing feasible business novation strategies with RWA impact assessments to capital management working group for achieving target capital structure of the group. Formulated 10 different novation strategies along with Legal Entity Planning team to migrate ~ 1 ~

Senior VP - Risk & Finance

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Page 1: Senior VP - Risk & Finance

PRASANNA IYYAPPANMob: 00 44 7565 681264, E-mail: [email protected]

UK Visa Status – Permanent Resident

Career Profile

An experienced Senior Finance Professional with over 14 years of rich experience in Investment Banking and Financial Services industry with a proven track record in aligning the corporate strategy with Capital and Risk Management functions by implementing strong governance framework and building dynamic delivery teams focused on high quality results to support senior management decision making.

Core Competencies and Skills

Capital planning & Limit oversight, Risk management & Control, RWA mitigation & Impact analytics, Regulatory governance, Treasury operations, ICAAP, Stress testing, Financial modelling and Valuation.

Strong experience in banking regulations including Basel III, CRD IV and PRA capital rules. Strategy formulation, Team building, Process improvement, Streamlining and Change management. Excellent stakeholder management with a business partnering approach and results driven attitude. Strong motivator and very good team player with effective leadership, presentation, communication,

decision making, problem solving, project management and interpersonal skills. Expert level knowledge in Office applications and Business intelligence systems.

Professional Experience

Contractor (Senior VP Level), Regulatory & Capital Projects – Credit Suisse London (Since May 2013) Managing key strategic projects with a keen focus on optimising the capital positions of different legal

entities and complying with the local regulatory requirements. Successfully implemented Capital MIS project for setting limits on business wise capital usage and Legal Entity Planning project for designing the optimal global capital structure of the group.

Proposing feasible business novation strategies with RWA impact assessments to capital management working group for achieving target capital structure of the group. Formulated 10 different novation strategies along with Legal Entity Planning team to migrate businesses across the firm globally to save approximately USD 50 BN of credit risk RWA for UK entities.

Performing scenario analysis, stress testing and providing detailed entity wise capital plans to ICAAP working group and Capital Management working group. Recommending appropriate booking models to front office on new business initiatives to mitigate regulatory exposures.

Implementing regulatory projects focused on PRA capital calculations. Preparing detailed business requirements, building prototypes, testing results and developing new processes. Key Basel III projects implemented include calculation of Standardised CVA and Basel & CRD IV Leverage Ratio. Achieved in the range of USD 10 BN of CVA RWA savings by efficiently utilising the Index hedges.

Improving legacy production and reporting processes to create a robust internal control framework and to provide high quality data. Successfully completed many deep-dive assignments to fix data quality issues. Achieved in the range of USD 80 BN of regulatory exposure reduction by interpreting the CRD IV rules correctly, restructuring derivative & repo trades and improving the data quality.

Coordinating with Capital Management, Risk & Regulatory Reporting, Front Office, IT & Change Management and external Consultants to implement new projects and to resolve regulatory issues.

Training Risk & Regulatory Reporting staff on Basel III, CRD IV and other new regulations. Conducting awareness sessions to Front-Office staff on new regulations and potential capital impacts. Managing an offshore team of 15 people to work on strategic risk management projects.

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Contractor (VP Level), Treasury – Credit Suisse London (June 2012 to May 2013) Developed capital plans for UK entities to project the capital position under Basel III /CRD IV and

forecasted the capital position beyond Basel III, by factoring the UK specific additional loss absorbing requirements including bail in debt (TLAC) and global buffers e.g. SIFI buffer.

Presented capital position updates and capital restructuring proposals regularly to UK Board, Capital Management group and Asset Liability Management Committee to optimise capital allocations.

Performed treasury operations including capital injections, debt buy-back, declaring dividends and repaying senior /subordinated loans. Played a pivotal role in injecting USD 8 BN of capital into UK entities to comply with Basel III capital requirements.

Modelled the capital position under various stress scenarios to calibrate the capital planning buffer (ICAAP) required to ensure capital adequacy under stress conditions.

Implemented treasury policies and additional internal controls to closely monitor the capital usage and escalated any expected breach proactively to comply with PRA’s Individual Capital Guidance (ICG).

Coordinated with multiple working groups involving Investment Banking, Regulatory Reporting, Risk Management, Treasury, Finance and Accounting teams to enhance the overall capital management framework and to support senior management decision making process.

Contractor (Senior Manager Level), Regulatory Projects - Morgan Stanley London (Jan 2011 – June 2012) Forecasted capital resources and requirements per Basel III rules in conjunction with CRD IV rules and

factoring the respective management plans to present a forward-looking capital analysis.

Presented detailed capital analysis packs regularly highlighting the key Basel III requirements e.g. CVA buffer, Leverage ratio, Core Tier 1 Ratio, Tier 1 ratio and all capital buffers to Asset Liability Management Committee and Capital Management group.

Worked closely with the Finance Projects team, Regulatory Production team and IT & Change management team for implementing Basel III rules and documenting the business requirements for various processes.

Built functional relationships with Credit and Market Risk teams for setting up the process for calculating new Basel III requirements like CVA Buffer (Advanced & Standardised), Leverage Ratio and Non-Significant Holdings deduction.

Coordinated with Treasury to restructure the Tier 2 capital instruments of the group and to achieve the target capital structure amongst the regulated entities.

Contractor (Senior Analyst Level), GE Capital London (Aug 10 – Nov 10) Prepared PRA’s periodical Liquidity reports (47 & 48), Internal Liquidity Adequacy Assessment document

(ILAA), Treasury policies and Treasury design documents.

Assessed Liquidity risk and calculated Liquid Asset Buffer based on the new business model and risk appetite.

Performed Stress and Reverse stress testing involving modelling the Balance Sheet cash flows for Idiosyncratic, Market specific and combined stress scenarios.

Manager - Financial Planning & Analysis, Shell India (July 09- June 10) Prepared financial plans, models, budgets, variance analysis, cash flow statements, KPI reports, business

cluster flash packs, commentaries and dashboard reports product costing, and pricing.

Consolidated periodical financial data of 3 countries with 6 major entities and 6 businesses like Retail, Lubricants, Bitumen, Marine, LPG and Aviation to a turnover of USD 3 BN.

Made presentations and held discussions with the budget owners to prepare budgets to a size of USD 1 Billion and respective quarterly plans to achieve targets.

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Managed a team of 2 Qualified Accountants and 2 MBA Graduates.

Intern (Part of MBA course), Cazenove Capital Management Ltd, UK (June 08 – Sep 08) Worked on business modelling, forecasting, KPI reporting and other periodical reports.

Involved in process improvement and upgrading the accounting system and trading system to increase the efficiency of the business processes.

Wrote a thesis on the Performance of Hedge Funds – an empirical study on the daily price data of the top Hedge Funds to find out the statistically significant alpha returns.

Financial Research Analyst, Irevna Research Services Ltd. (An S &P Group Company) (Mar 06 – Aug 07)

Developed financial models, DCF Valuations, wrote flash reports, analysed corporate financial statements, equity research and portfolio tracking.

Worked as a dedicated off shore associate for Cazenove Capital Management, London. Handled Portfolio tracking, KPI reporting, forecasting, NAV analysis and fund reconciliations.

Managed a team of 3 post graduates to work on regular and ad hoc projects.

Assistant Manager, Audit and Assurance services, Deloitte Touche Tohmatsu International (Oct 05 – Mar 06)

Worked on statutory and internal audits of leading manufacturing companies, software companies, FMCG, The World Bank and large trading houses.

Implemented internal controls, documented accounting policies and procedures as part of internal audit assignments.

Managed a team of 2 part-qualified accountants and 2 junior associates on audit assignments.

Financial Consultant, Capri Management Services – (Contract: Mar 05 – Sep 05)

Financial accounting, reporting, IFRS compliance, analysis and periodical KPI reporting for The World Bank, India (a client of Capri).

Worked on budgets, forecasts, variance analysis and month closing activities.

Assistant Audit Manager, Chandramouli & Varadakutti Company (Nov 03 – Mar 05)(After completing Internship)

Worked on statutory and internal audits of manufacturing companies, government companies, energy companies and insurance companies.

Managed 2 part-qualified accountants and 3 interns on audit assignments.

Intern, Chandramouli & Varadakutti Company (July 2000 – July 2003)(3 years internship – part of Chartered Accountancy course)

Worked on statutory and internal audits for leading government companies, banks and retail chain stores.

Handled tax audits for small and medium firms and high net worth individuals.

Academic Qualifications

MBA International in July 2009, from the University of Nottingham, UK.

Master of Commerce in May 2006, from the University of Madras, India.

Chartered Accountant (ACA) in November 2004, from the Institute of Chartered Accountants, India.

Bachelor of Commerce in May 2002, from the University of Madras, India.

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