رافي شيخار

- Managing ALM, IFRS9 ECL & Risk Analytics & Basel Program desk using appropriate man management skills
- Led IFRS9 Model validation project followed by calibration & refinement of credit rating & IFRS9 models
- Review of quarterly IFRS9 ECL computation & Capital Adequacy Computation and presenting the same to relevant management committee for approval as per bank’s internal governance framework
- Champion Basel pillar 2 risk assessment for the Bank & ICAAP reporting to CBUAE post deliberation at management & board level committees
- Member and secretary of IFRS9 Steering Committee. Permanent Invitee member of ALCO
- Single point of contact for special liquidity examination, Stress Test and ICAAP review by CBUAE
- Updated Contingency Funding Plan, including framework for continual assessment of contingent funds availability

- Key member of team responsible for update of USD2.5Bn Trust Certificate Program followed by successful benchmark size Senior Public Sukuk issue in Sep’18
- Executed on strategy to increase share of medium term funding in liabilities through REPO &Private placement
- Coordinated with market & liquidity risk team for refreshing behavioral models for Non maturing CASA and NDR
- Implemented DV01 framework for optimal management of profit rate/interest rate risk & hedging decisions
- Key member for Matched Maturity FTP implementation team for the bank
- Managed treasury product development team. Delivered Sukuk Leverage & long term Wakala product
- Permanent invitee member of ALCO
- Mentoring staff new to ALM team in understanding concepts & delivering on assigned responsibilities independently

- Core member of team (Crisis Management Team) responsible for managing day to day liquidity during one of the most challenging liquidity situation faced by any middle east based bank
- Raised USD150Mn funding through repo of non USD denominated assets to manage USD funding requirement
- Raised more than USD250Mn medium term funding through 11 tranches of private placement bond deals under Bank’s USD2.0Bn EMTN program. Lead the team responsible for EMTN program update.
- Continual update of currency wise funding plan to ensure compliance with regulatory ratios (LCR, NSFR, LDR, Credit Ratio etc) while optimizing size of high quality liquid assets portfolio (HQLA)
- Managed non traded interest rate/currency risk within group. Recommend hedging strategy to ALCO for adherence with key rate wise DV01 limits. Supervise execution of hedging activities using IRS/CIRS/basis swap
- Member of group and international branch ALCO

- Assisted CRO in managing Market and ALM Risks for the bank, including its subsidiaries and overseas branches
- Guided newly opened Shanghai branch in formulating Market and Liquidity Risk management framework
- Updated group market and liquidity risk policies to align with evolving regulatory guidelines
- Core member of team responsible for implementing Basel III liquidity standards (LCR & NSFR)
- Pillar 2 and Stress capital computation for ALM & Market Risks for ICAAP
- Responsible for independent risk review of rate submission by bank for EIBOR computation
- Liaison with Central Bank, Internal auditors and consultants for areas pertaining to ALM & Market Risk
- Mentored new Emirati staff in the market risk team and coached her to successfully champion daily reports

- Set up a complete new Market & ALM Risk department for the bank, including formulation of ALM & Market Risk policies, risk limits and periodic reports to senior management
- Updating ALCO & Investment Committee periodically on Market and ALM risk issues faced by Bank
- Regulatory Pillar 1, Pillar II and stress capital computation for ALM & Market Risk
- Evaluate proposed proprietary investments and provide risk opinions
- Designed MIS for daily exposure, P & L, & risk limit monitoring for financial investment portfolio
- Assisted CRO in defining risk appetite tolerance limits for the bank
- Coordinated development of portfolio credit risk reporting MIS for senior management
- Liaison with Central Bank, auditors and consultants for areas pertaining to ALM & Market Risk

- Funds transfer pricing: Core team member for Matched Maturity Fund Transfer Pricing (MMFTP) implementation for the bank. Contributed in entire life cycle of project including policy formulation, system installation (OFSAA), analysis of impact due to migration from Single Pool to MMFTP methodology on various business segments etc.
- FTP rate computation for major currencies as per ALCO approved methodology (Single pool)
- ALM System: Responsible for managing ALM system of bank (FOCUS-SUNGARD), including mapping changes for incorporating additional products, entities coming online in core banking
- Support to ALCO: Geographical & currency wise cash flow & repricing gap, concentration in funding sources/products, liquidity ratios (LCR, LAR, USRR) etc.
- Stress test: Revised scenarios for stress testing of liquidity & IRRBB, including impact of non-parallel shifts in yield curve on bank's NII and equity
- Developed behavioral maturity models for accounts with ambiguous maturity (CASA, ODs, Credit card receivables, fixed deposits etc) being used in preparing liquidity gap statement
- Developed implied borrowing line and funds management MIS for money market team. Automated the process using excel macro for daily reporting
- Monitoring of repricing /duration gaps in banking book and making hedge strategies to reduce volatility in earnings. Core team member for hedging AED 2 Bn of retail loan portfolio
- Developed framework for setting up cash flow gap limits for short tenors
- Performance measurement and limit monitoring for Money Market, Forex, Fixed Income, Local and International Equity, Derivatives, Alternative investments desk
- Developed risk based MIS for fixed income and local equity portfolio investments
- VaR based risk modeling and validation for local equity portfolio of the bank
- Prepared MIS for daily tracking of cost & tenor of sources of funds for senior management

- Coordinated implementation of bank’s integrated AML system for name search, swift payment & transaction monitoring
- Assisted in implementation Operational Risk Assessor system, to track relevant operational risks by business line across the bank and building up an operational loss database.
- Assisted HoOR&C in yearly review of OR & Compliance manual of the bank & in developing strategies to identify, measure, monitor and mitigate compliance & operational risk on firm level
- Coordinated with HR and other departments to develop an effective AML/Compliance E-Learning training program
- Responsible for preparing periodic reports to regularly update senior management about key compliance issues in the bank
- Acted as head MLRO & reviewed suspicious transactions reported by branch MLROs

- Assisted Head of derivatives trading in setting up IRS trading desk & counterparty exposure limits based on the profitability targets. Suggested risk management strategy for various risks inherent in trading IRS & estimated potential market size for CBC
- Assisted in performing risk and return analysis of structures made up of Interest Rate Swap (IRS), Cross Currency Swap (CCS), SPV issued Credit Linked Note (CLN) where LTNCD issue proceeds could be invested to cover hurdle cost of issuance
- Prepared a Spreadsheet model for determining bidding price of “Debt Exchange Warrant” after taking into account credit (upon default) as well as capital (no reserve requirement) benefits of each warrant

- Site coordinator of 199 KMs cross country OFC network project with project cost of INR 55.4 Million
- Key member in installation and commissioning of the SDH/DWDM network for Jaipur region
- Executed complete project cycle activities starting from requirement gathering and ending with commissioning
- Led a team for maintenance of telecom network consisting of 20 SDH/DWDM Nodes and 413 Km of OFC network & Executed service and procurement contracts valued up to INR 1 Million for large telecom systems
- Managed satisfaction levels and resolved conflicts with key external & internal clients, based on the SLAs
- Provided inputs for customization of SLA as per the client business requirements and GAILTEL system capabilities
- Front ended customer interactions for scheduling of maintenance windows and fault management
- Scanned the interactions with the clients and passing on the leads to Marketing section