Executive Manager-Compliance Department - Westpac Banking Corp.
(2020-02)
Dual-hatted employee supporting the registered broker-dealer, Westpac Capital Markets LLC ("WCM") and Westpac Banking Corporation (Australian-based parent bank) and provide real-time fixed-income trading advice to front-office personnel. Key businesses include the Treasury Desk, FX Desk, Debt Capital Market activities in the primary market, institutional sales trading in the secondary markets which includes Australian and New Zealand government bonds, US Treasuries and global corporate issuers and Corporate Institutional Banking loan activities.
- Maintain and update the supervisory system, procedures, and controls are designed to comply with FINRA and OCC rules and regulations reporting to the CCO for an effective Compliance program.
- Support the relationship between the OCC assigned examiner on the bank-side and assist with the annual OCC examination.
- Help manage relationship with the assigned FINRA Monitoring Analyst regarding any questions posed on behalf of the broker-dealer activities and coordinating the FINRA exam from end-to-end (e.g., document requests, provide written responses and help manage the relationship).
- Established Compliance metrics to enhance the supervisory control framework and report at the Board level.
- Voting Member for the Global New Product Committee.
- Manage and update Compliance Risks and Controls as needed; perform control self-assessments on key Compliance controls based on periodic review cycles.
- Help manage broker-dealer core compliance obligations, including registration processes, continuing education, annual training via Firm Gateway/CRD system.
- Provide guidance and support to the Institutional Sales Desk regarding FINRA TRACE reporting rules 6710-6770 from end-to-end (e.g., created late trade % metrics, monitor FINRA Report cards, work with Technology to improve back-end systems, respond to ad-hoc regulatory inquiries etc.).
- Lead the FINRA rule 3110 annual supervisory review partnering with external consultants and the CCO from end-to-end (e.g., contract negotiation, onboarding due diligence review, document requests, advice etc.).
- Manage review & approval of institutional marketing materials and sales presentations.
- Project Lead for rolling out the Enterprise Content Management central repository tool to comply with SEA rules 17(a)3 and 17(a)-4 rules from end to end; drafting business requirement document, worked with IT to implement requirements, perform UAT and conducted training with business users on use of the platform.
- Volcker Rule SME responsible for handling cross-border inquiries and working with Head Office & external legal counsel on updating procedures related to moving an international loan book to the NY Branch.
- Manage the registration and training certain employees to become foreign associated persons on behalf of WCM for purposes of persons outside of the US can engage with US clients under SEA rule 15a-6 framework.
- Manage monitoring of Personal Account Dealing on behalf of employee personal trading accounts to ensure trades follow PAD policy.
- Manage review of underwriting deals in the primary markets to ensure deal files are completed accurately.
- Created and maintain the Regulatory Branch Tracker to ensure regulatory change is captured and determine applicability to the NY Branch.
- Performed a Global Relay (e.g., email surveillance & keywords) review of logic to minimize false positives and provide meaningful email alerts for review.
- Support the Anti-Money Laundering Program and BSA officers on behalf of the broker-dealer.
Vice President- Treasury Division, Front-Office Business Manager - Mitsubishi UFJ Financial Group ("MUFG") - Mitsubishi UFJ Trust & Banking Corp.
(2014-03 - 2020-01)
Provide real-time fixed income trading advice and support to traders for the Treasury Division comprised of Securities Investment Group, Foreign Exchange, and the Money Market (i.e., Funding) & Treasury Investment Group Trading Desks (i.e., approved products include investment grade corporate bonds, CDS, CDX, IRS, FX Spot, Forwards, CD, CP, Treasury bonds and Cross Currency swaps etc.)
- Responsible for coordinating the operational risk framework and implementation for RCSA (Risk and Control Self-Assessment of Treasury Division) function which includes completing Tier I questionnaire, risk & control identification, determining inherent risk ratings, collection of test evidence, testing controls, determining residual risk ratings, and submitting remediation plans if any controls failed during testing.
- Responsible for identification of Treasury's Key Risk Indicators ("KRI") and conducting ongoing monitoring for reporting purposes at the Committee Level to assess any risks out of tolerance based on thresholds and implement actions when necessary; monitor Combined US Operations ("CUSO") early warning indicators from a liquidity management perspective.
- Responsible for the Office of the Comptroller of the Currency ("OCC") Gap analysis for the Treasury Division to ensure our Policies & Procedures cover all relevant OCC rules based on the switch from our primary regulator, New York Department of Financial Services ("NYDFS") to the OCC; established new controls and policies and procedures as needed.
- Project Lead and subject matter expert for the Volcker Rule WG implementation representing the Treasury Division to ensure compliance with the Rule; provide real-time trading advice for all questions & cross-border transactions with our Head Office, established Desk-level trading mandates, updated our Volcker Policy as needed etc.
- Branch-wide Project Lead and Manager (completing all Branch project governance documents) for the Nostro Account Correspondent Bank initiative to facilitate switching our correspondent bank to another correspondent in order to provide stable cash settlements to support our business operations; responsible for working with our Information Technology Group (i.e. ensure internal systems will be compatible with the new bank), Operations Group (i.e. ensure cash payments will get processed) and coordi
- Branch-wide Project Lead and Manager for launching an automated supervisory repository and workflow approval system for the Treasury Division; created the Business Requirements Document & other project-related materials, created test cases for UAT purposes, and worked with ITG to implement the central repository system to store and provide supervisory approval for our supervisory reports as part of the supervisory control framework; conducted ongoing training for all Treasury personnel on the us
- Business Lead for the All-Interbank Offering Rates ("IBOR") Project (i.e., reinstate confidence in the reliability of benchmark rates) to transition from LIBOR to Secured Overnight Financing Rate ("SOFR") and to ensure our front-end systems are properly reconfigured with new curves and conducting an impact assessment (i.e., repos and derivatives exposures).
- Point of Contact to the Data Governance team for overseeing all of Treasury Division's key data elements ("KDEs") to ensure adherence to Basel 239's principles and created business logic rules to captured in the Data Governance system to monitor any alerts or breaches and remediate if necessary.
- Point of Contact leader between Internal Audit, Information Technology Group, Risk Management Group, Legal Group, Compliance Group, Fed Reserve and OCC regulators for requests for information and other initiatives.
- Responsible for leading the tri-party repo platform for the Branch and partnering with the vendor and MMTI Desk to ensure successful trading with our repo counterparties; point person for ongoing dialogue with the relationship manager of the vendor to seek new counterparties with our Branch and Head Office based on our funding and business needs.
- Responsible for being the Model Risk Management owner for six out of ten Treasury Division models (i.e., perform ongoing monitoring/testing, update model owner documents and lead person for outside Validation team to assess each model).
- Responsible for leading sales pitches for investors throughout the US to pitch new business for our CP Program.
Senior Consultant- Enterprise Risk Services - Deloitte & Touché LLC.
(2012-07 - 2014-03)
- Assist with helping remediate clients' issues with respect to addressing any regulatory findings or concerns.
- Provide training and support on Title VII of Dodd-Frank Act regarding finalized definition of swap and related rules and contributed to an internal White Paper disseminated to clients.
- Responsible for drafting Front Office Supervisory Procedures for the Fixed Income, Currencies, and Commodities Division at a large Global Investment Bank.
- Responsible for remediating a Control Room surveillance project related to SEC regulatory findings at a large US Investment Bank and supervised two consultants in Bangalore, India.
- Responsible for performing a risk assessment on controls related to a Compliance Department at a large Trust Bank and supervised two consultants.
