Assistant Manager
Royal Bank of Scotland
Total years of experience :16 years, 2 Months
•Portfolio management in Asset Based Lending, reporting on client performance using financial and risk assessments
•Build professional relationships with clients delivering their needs in conjunction with coverage teams
•Contribute analysis on client annual reviews & proposals: executive summary, finance & debt analysis with recommendations
•Financial modelling (using full financial statements, financial projections & supporting info) for headroom analysis
•Liaise with Credit to formalise Sanctions and preparing documentation to ensure clients are within the Risk Framework
•Support Portfolio Manager in the delivery of financial and non financial targets
•Assist in the identification of opportunities to generate incremental income from fees, additional lending and covenant breaches
•Minimise losses/write offs by recalculating LGDS based on relevant variables
•Facilitate the creation/adjustments of debt availability in multi-ledger clients
•Implementation of strategic objectives to extent credit
•Administer client transactions
Achievements
•Successfully managed 15 clients with asset based debt ensuring the account plan is aligned with RBS objectives
•Exceeded the client’s expectations with simplified guides to understand their own availability and prevent overdrawn accounts
•Consistently and accurately provide valuable reports of client performance on a weekly basis
•Currently in the process of extending the Asset based Lending products to incorporate Islamic Finance
•Analyse complex variances between balance sheet values and risk exposures to increase the Annual Report disclosures, improving stakeholder confidence through enhanced data quality.
•Build strong relationships cross workstreams to create solutions benefiting the project delivery
•Technical documentation of the critical factors that created variances providing a tool developers
•Presentations/reports of debt asset classes to senior stakeholders updating on current status and performance of data quality
•Execute tactical and strategic remediation for the variances between Risk and Finance data improving the Annual Report
Achievements
•Successfully contributed towards publishing disclosers in the group Annual report 2013 explaining the variances between balance sheet values and the corresponding exposure values recorded in the risk reports. This is for regulatory requirements and improved reporting purposes.
•Remediated £5.28bn of variances with successful strategic solutions enhancing EAD and EC data quality
•Achieving 98% alignment for three consecutive quarters on two asset classes, reducing disclosure in the Annual Report
•Successfully facilitated the technical design phase across multidiscipline teams, both On/Off shore which led to improved governance that programme managers adhered too. One initiative created a minimum of £27, 000 saving in a week through rigorous monitoring and appropriate structured escalation.
•Team Lead for the ABN AMRO division, supervising on daily deliverables and coordinate the Credit Risk Controls requirements
•Evaluate counterparty risk levels for Basel 2 and Capital Adequacy requirements.
•Determining risk drivers and providing commentaries regarding capital impacts based on detailed RWA parameters such RW, AIRB, LGD, EAD and PD
•Reporting daily credit risk controls, highlighting trends and anomalies countering BIPRU or Internal Processes then provide recommended risk adjustments
•Improve reports for risk control and operational effectiveness, integrating BIPRU or Group Risk requirements in a timely manner
•Produce accurate reports for Basel 2 requirements, Pillar 1 & 3 (inc.FSA004 & FSA045) monthly & updating per regulatory release
•Validate material credit transactions in ensure all regulatory standards are maintained
•Coaching colleagues to maintain internal standards and on system functions
Achievements:
•Successful timely completion of migrating ABN AMRO divisional reports and synchronising this with BAU reporting
•Successfully completing multiple credit deadlines on a daily basis without issues
•New risk control incorporated in accordance with BIPRU regulations to correct STD Risk Weights Ratios relative to the Exposure Class. Total value of transactions £2bn on EAD
•Producing statutory director’s report, identifying business failures and providing analysis.
•Timely completion of multiple corporate recovery status reports in accordance with compliance.
•Producing and analysing companies financial position and reporting to senior management
•Examining financial statements for the liquidity trend reports
•Monitor the performance of fixed and floating charges of debt, compliance with bank agreements
•Assisted on budget reports and short term forecasting
•Adjudicating data and distributing dividends on completed business cases
Achievements
•Reduced costs for a client by 18% by successfully reallocating workflow to semi-senior level associates, thereby reducing time-cost incurred by junior staff.
•Having a strategy endorsed by the organisation, that contributed to the revenue. The strategy encouraged accepting projects of low supervision capacity. This enabled a positive cashflow position relative to time-costs.
•Contributed to system improvements on standard templates which were fully adopted.
•Manage a portfolio of cases, for the benefit of the client and organisation within compliance
•Project reporting, which is a key element and it is circulated to all stakeholders inc. the Government
•Analysing financial and non-financial statements
•Forecasting, using Estimated Outcome Statements allowing management to review each case’s expected return and highlights areas of concern.
•Managing each project’s accounts, both statement of comprehensive income and statement of financial position.
Achievements
•Successfully formulated a dividend model, enabling precise inter-company distributions.
•For a project, high transportation costs were reduced by approximately £12, 000 through initiating local selling, utilising the employees as a source of networking for potential buyers.
•Completion of ad-hoc reports in a timely manner
•Some of the high profile cases worked on include; Allied Carpets, Borders, Real Hotel Group's and Sayers.
There is no grade in becoming a chartered accountant. There is only a pass mark.
69% is considered as 2.1 also known as second upper or a 'two one'