Front-Office Program Manager eCommerce, Credit IT e-Trading
Program manager in charge of the Credit e-Trading program focusing on implementing the Credit strategic objectives:
Bond Trading: provide traders with actionable intelligence and trading signals; integrate relative value analytics into quoting platforms; ensure connectivity across trading venues and provide client direct pricing and trading opportunities;
Algorithmic Trading: expand Algorithmic trading Investment Grade (IG) and High Yield (HY) product coverage to capture more market shares; provide low-touch solution for client odd-lot trade executions across IG and HY bonds; increased trader efficiency with configurable desktop widgets;
Portfolio and ETF trading: scalable Portfolio Trading business in the US and Europe, with trader tools for pricing and trading portfolios; establish global bond ETF market making business; connectivity to client and markets to facilitate portfolio and ETF pricing and trading
Implementation of cross-asset framework to improve Sales & Trading efficiency and Client satisfaction:
Cross-Asset User Interface: single central UI linking multiple applications including Bloomberg, trading systems, CRM and other applications based on counterparty, instrument, and NLP Trade Object contextualization,
NLP: contextualized trade booking, market data and analytics (including RFQ Hits and Misses) by transforming chat data (Bloomberg, Symphony) into structured financial objects,
Analytics: Cross Asset Analytics and reporting solutions with strong visualization tools including Past Client Activity and Electronic and Chat RFQ Analytics,
Automation of trade booking through Symphony automated Bots.
Responsible for the onboarding of exchange-traded, CCP-cleared trade flows on TARGET2-Security, the ECB securities settlement engine, which offers centralised delivery-versus-payment (DvP) settlement in central bank funds across all European securities markets.
Change program manager within a 2-year plus regulatory program for the US regulator (FRBNY) aiming at implementing the Front-Office (FO) daily attestation of the Risk Based P&L (RBPL) for the Global Credit Products (GCP) business.
Implemented the Total P&L attribution in the risk management system (RMS) including New Trade, Market Moves and Carry
Migrated the daily Front-Office P&L Flash process to the RMS (85 books included in the daily RMS Flash)
Rolled-out the daily T+1 RBPL attestation to the GCP traders (40 traders and delegates enabled for the daily attestation)
Implemented a front-to-back control model using the RMS generated P&L as official source of Front-Office P&L
Implemented a strategic wholesale Credit Risk data store (sourcing, aggregation and reporting) addressing the BCBS239 regulatory requirement for the US and UK regulators (FRBNY and PRA). Implemented a browser-based reporting tool for the US Leveraged Lending and Underwriting business to address a regulatory requirement from the US regulator (FRBNY).
Senior change project manager responsible for the implementation of Calypso Back-Office platform for the Cash Equity business.
Project Manager, Front-Office, Interest Rates Derivatives
End-to-end project management of a portfolio of Front-Office projects for the Emerging Markets (EM) Rates Business for Central Eastern Europe, Middle East & Africa (CEEMEA), Latin America and Asia regions:
Delivered a new pricing model for interest rates derivatives. Migrated 40 EM books to the new pricing model, enabling a better and easier maintenance of the pricing curves, and a better pricing and risk representation
Migrated the valuation of 40 EM books to OIS discounting
Implemented consistent views of predicted market and credit risk (PV, PV01, Position, and CR01) with customizable aggregated views by region, desk and product. Drilldown capability based on a hierarchical approach of risk, trades, and market data contexts
Managing a portfolio of front-office projects for the Emerging Markets Flow Rates business for Central Eastern Europe, Middle East & Africa (CEEMEA) region
Interest Rates Derivatives Pricing: OIS Discounting
• Implementation of a new analytics model for Asia, CEEMEA and Latin America: migration of all EM currencies / books to a new centralised pricing system to enable better and easier maintenance and sharing of projection and discounting curves and offers a better pricing and risk representation.
• Implementation of collateral based discounting curves for CEEMEA – aka OIS discounting: expected cash flows of collateralised IRS’ discounted at the yield of the collateral defined in the relevant Credit Support Annex (CSA) of the ISDA between the two trading counterparties.
• Front to back project management and end-to-end testing with Front-Office (Trading and Market Risk), Middle-Office and Finance (P&L Explain and IPV)
Market and Credit Risk:
• Roll out or a risk aggregation system: global roll-out (Asia, CEEMEA and LatAm) of a risk aggregation system to provide consistent views of predicted market and credit risk (PV, PV01, Position, CR01) with customisable aggregated/summary views by region, desk and products. Drilldown capability based on a hierarchical approach of risk, trades, and market data contexts
• Transfer and convertibility risk (T&C risk): implementation of a report showing exposure to ring-fenced counterparties (as per ISDA agreements) in case of a T&C event for Cross Currency Swaps, FX Forward (Outright as well as part of FX Swaps) or FX Options.
ABN Amro / RBS integration:
• Migration of Fixed Income trades between Bloomberg databases following a reduction in the number of Bloomberg licences (cost cutting exercise)
• Roll out of RBS’ Global Derivatives System (GDS) in Romania: novation / migration of RBS Romania existing IRD trades from Murex Raider to GDS. Front office to back office operating model, user training (front office, middle/back office, finance), GDS in country rollout
• Closure of RBS South Africa office: business transfer approval and novation of RBS South Africa FX Forward and IRS trades to RBS Plc (i.e. transfer of ownership). IRS and FX Forward trades migration from Kondor + to GDS, client communication (i.e. novation agreements H1 and B1 forms)
London (September 2009 – August 2010)
THOMSON REUTERS, PROGRAMME MANAGER (Industrialisation of project delivery), Real Time technology, Time Series (TS)
• TS programme is part of a wider multi-million pounds programme aiming at delivering a single infrastructure with the potential to host and deliver all Thomson Reuters services in one single package (aka Eikon).
• Designed and implemented a project management framework (i.e. checklist for project managers) based on Thomson Reuters’ project methodology: outlines deliverables, meetings, and milestones but also defines project manager responsibilities. Practical approach, easy to use and implement.
• Defined / implemented new programme governance process: operating rhythm, projects’ monitoring and reporting, programme reviews, programme communication (e.g. stakeholder management), change request authorization / prioritization, programme planning and resource allocation, budget management
• Managed resources (60 FTE based in Thailand, London and the USA) and budget ($15 million) for the programme.
• Provided project management coaching for the 15 project managers working for the Time Series programme; promoting best practices and Thomson Reuters methodology and standards
• Chaired TS Projects Steering Committee and Chairing TS Programme Review meetings
Lead manager of 10 business analysts / project managers for the Client Connectivity team responsible for implementing electronic trading platforms on all asset classes (e.g. Reuters, Bloomberg, Fidessa, Sophis, MarketView).
Program manager in charge of the industrialization of project delivery for the Time Series program (60 people in the UK, US and Thailand and USD 15 million budget), part of the EIKON strategic enterprise-wide program aiming at delivering a single infrastructure with the potential to host and deliver all Thomson Reuters services in one single package.
Nov 2007 – Aug 2009}