Senior Manager- Capital and Liquidity Risk Assurance
Hsbc uk
مجموع سنوات الخبرة :23 years, 3 أشهر
HSBC - UK
Working in Capital and Liquidity Risk Assurance team. Provide of the first line of control and risk owners to ensure the efficacy of risk management activities across different regions (UK, EU, USA, MENAT etc). This involves:
- Offering subject matter expertise, advice, guidance, and effective challenge on risk and control management, including inherent risk, residual risk, control effectiveness ratings, issues, actions, and events.
- Reviewing all regulatory returns related to Capital (Capital Adequacy, Leverage & MREL) & Liquidity (PRA 110, LCR, NSFR, ALMM). Lead the scoping of analysis and checks to it identify any potential gaps a in the regulatory interpretation and control framework.
- Evaluating and challenge of various relevant regulatory submissions. (ICAAP, ILAAP, Pillar 3 disclosure, Recovery Plan etc).
- Leading targeted assurance reviews and deep dive of end-to-end processes across key risk metrics (CET1, Tier1, Total Capital, Leverage, MREL, LCR, NSFR, Encumbrance, LTD ratios etc.).
- Monitoring compliance with the minimum regulatory requirements and risk appetite for the management of capital & liquidity risk, as set out in relevant policies.
- Reporting on the risk and control profile, including support for reviewing and testing the operating effectiveness of the control framework.
- Recommending the scoping of Risk and Control Assessment (“RCA”) and challenging where this is not appropriately applied in the RCA.
Capital, Funding and Liquidity Risk Oversight- (2nd line of defence)
In Capital, Funding and Liquidity Risk team my key responsibilities were as follows:
- Provide assurance on Funding and Liquidity EU/UK regulatory requirements from the risk side and coordinate with Treasury on interpretation and implementation of new regulations (BASEL III, UK and EBA).
- Review bank’s ILAAP, ICAAP, Recovery plan, Liquidity Contingency Plan, RAF and provide opinion including identify areas for improvement.
- Involve in Pillar 2 liquidity assessment, review of Collateral management, Intraday adequacy, Franchise viability assessment, Regulatory Capital calculations & Liquid Asset Buffer requirements.
- Review the Funding and Liquidity forecast as a part of bank’s Strategic plan under BAU and stress.
- Review of other Liquidity related regulatory documents submitted to the regulator, such as Recovery Plan & Reverse stress testing assessment.
- Provide an oversight of daily and monthly Funding and Liquidity monitoring and Regulatory reports (FSA 47, FSA48, LCR, NSFR & ALMMs) and involve in interpretation and development new regulatory reporting requirements (PRA-110).
- Review Funding and Liquidity Risk disclosure presented in annual accounts of the bank.
- Involved in the assessment of Overall Risk Appetite of the bank and Early Warning Indicators metrics considering the market trends and the business strategy of the bank.
- Conduct peer group anlysis for Capital, Funding & Liquidity to assess bank’s position against competitors.
Capital, Funding & Liquidity Management (Treasury -1sT line of defence)
Key responsibilities and achievements are as follows:
- Developed reporting framework to provide consistent, timely, accurate information of Capital, Liquidity & Funding risk to all key stakeholders - including Regulators, ALCO and the Board.
- Managed projects for development and implementation of regulatory reports.
- Reviewed and challenge the regulatory capital ratios (CET1, T1 total Capital and leverage ratio) and provide an update to the senior management on monthly basis.
- Provided an input for Pillar 3 disclosure requirement from capital side.
- Analysis on the bank’s regulatory capital requirements under normal and stress conditions and assessment of the capital buffers and surplus capital. Provide an input from capital side for forecasting.
- Developed Capital, Funding & Liquidity plan for base case and stress scenario - a key input to ILAAP, ICAAP and Recovery Plan.
- Reviewed and sign-off to all Capital and Liquidity regulatory returns before submitted to the regulators.
- Developed the stress models for Capital and Liquidity risk management.
- Worked on various Merger & Acquisition projects on buy and sell sides in banking & finance, infrastructure, mining, hotel, biological assets, energy, healthcare & hospitals.
- Preparation of teaser, pitch, and business valuation using different valuation models such as DCF, market capitalization etc.
- Calculating different ratios EPS, PE, EBITA margin etc. for businesses and their comparison with peers.
- Meetings with clients on regular basis in buying or selling of business.
- Performed external audits for the public entities such as NHS Trust, Councils, and Government benefits using IFRSs and local regulations.
- Main areas covered are verification of presentation and disclosures in the financial statements according to the required rules and regulations, Intra Government Accounts, SLA & non-SLA Income, Cash and Bank, Inventories, Payables and Receivables and PFIs.
anning & conducting annual audits, book keeping, preparation & review of financial statements, consolidation of the accounts for tax and accounting purposes according to the UK GAAPs.
- Filing VAT and tax returns, advising on accounting & internal control system.
I was part of the finance and reporting team and involved in followings;
- Consolidation of financial statements according to the requirements of IFRS and local regulations;
- Disclosure requirement for financial instruments in the financial statements (IAS 32, 39 IFRS 7, 9);
- Other disclosures specific to financial sector, such as liquidity analysis, segment reporting, leases from lessee and lessor side, loans and advances and their provisions etc;
- Preparation of cash flow statements through indirect method, changes in equity, notes to the accounts directors reports, performance summary etc for the annual report;
- Central bank reports (financial and non-financial) such as long term and short term NPL analysis, maturity buckets for assets and liabilities, investment analysis, collateral valuation against advances portfolio, BIS reports, executive & staff analysis etc, meeting the deadlines;
- Management reports including core business analysis, KPIs, monthly profitability, performance reviews, peer groups analysis, budget vs actual, graphical reviews, P/L projections;
- Reconciliation of the Intercompany & bank accounts including Nostro using Intelmatch system;
- Maintenance of general ledger, chart of accounts, control and sub accounts, including opening new accounts in the main and sub ledgers according to their classifications and sub classifications;
- Monitored the suspense and wash accounts and investigate any unusual or prolonged transaction parked in such accounts;
- Month-end closing activities such as calculation of accruals & prepayments;
- Established internal control system for accounting & reporting (rules and regulations, segregation of duty, authority matrix);
- Liaison with external auditors for smooth quarterly reviews and annual audits, providing all information extracted from the systems or gathered from different departments. Assembling and finalization of managements comments on observations of the external auditors (Management letter);
- Implementation of new accounting and reporting system (Oracle financial), verification of reports in UAT environment and during parallel runs;
- Providing accounting and tax advice on setting up of new products and services;
- Balance sheet validations & substantiations, reconciling the main accounts with sub accounts and debugged if required;
- Projections & forecasts in relation with the previous trends and future expectations;
- Preparation of checks and controls for the accurate and sound accounting & reporting systems;
- Liaison with the tax consultants in preparation and submission of corporate tax returns;
- Monitoring P&L & BS on regular basis investigating any abnormal fluctuations and made amendments/ corrections where required;
- Arranging & leading meetings with Big 4 Firms & all the banks in the region for accounting treatments issues;
- Preparation and delivering presentations to the management on critical areas of concern for the improvements;
- Gone through different trainings and workshops on, IFRS, BIS, BASEL II & BASEL III;
- Managing junior staff for smooth handling of their responsibilities for efficient & effective.
Finance and Accounting
- Preparation of financial statements under IFRS and local regulations;
- Built reports in MIS for performance review, liquidity analysis & NPL position;
- Analysis for commission and non-commission based income and prepared different reports consist of graphical presentation, comparison reviews and narrative descriptions;
- Coordinating with the regions, resolving their accounting & reporting issues, gathering information and consolidating at the country level for management reporting;
- Defining accounting schemes for new products and services;
- Preparation of periodical performance and yield analysis at branch, regional and country level;
- Calculation of long term and short term provisions for NPL as per the requirement of the Central bank;
- Calculation of collaterals value according to the guidelines of the Central bank;
- Prepared and monitored annual budget for the bank, monitoring the budget with the actual results and investigating the reason of deviation;
- Maintenance of Fixed Asset Register including addition, deletion and calculation of the depreciation according to the policy of the bank;
- Involved in the preparation of the Business Plan for the bank;
- Liaison with external auditors for annual audits & quarterly reviews of financial statements;
- Preparation of forecasts & projections;
- Coordinating with departments for the improvement of MIS, Accounting and Internal Control Systems
Administration & Operation
- Calculation and distribution of interest to deposit account holders offered with special rates;
- Verification of payments to the vendors/suppliers;
- Coordination with the Credit Rating Agencies and providing them the required information;
- Involved in the documentation and filing of all the requirements related to opening of new bank branches .
I had conducted external audits which included preparing audit programs under relevant audit assertions and Involved in the various internal audit, tax & consultancy assignments. Reviewed various Internal Control Procedures and provided suggestions for improvements to ensure adherence to business norms. During that period I had conducted physical stock take, cutoff procedures, stock valuations and designed accounting & internal control systems for various entities. Also prepared business feasibilities and valuations for clients for new projects or restructuring.
I gained exposure in external & internal audits at junior, semi senior and senior level also involved in assignments on law adherence, quality control assurance & share valuation Part of consultancy assignments in providing advises to client on business issues. During that period, I got exposure in various financial institutions, manufacturing, charities healthcare and public sector. Main clients were State Bank of Pakistan, Honda Atlas car, Doha bank, Albaraka bank, Fidelity Investment Bank, Shezan Internationa, l Millat Tractors limited