Greg Solomon – Banking Regulatory Change Management [email protected]London E14 8BP, +44 (0)7771 533 758 Page 1 Banking Risk and Regulatory Change Management – Analysis, Planning, Leadership, Delivery Summary profile/experience Greg Solomon has 35 years of financial services experience at banks – UBS, Nomura, HBOS Treasury, Egg, Abbey Financial Markets, HSBC, Barclays Capital, Credit Suisse and Deutsche Bank • Project Management – banking change, APMG Certified PRINCE2 Practitioner, Agile (UBS, HSBC, DB), Waterfall • Front office banking change management (18 years) – trading, sales, quantitative analytics such as pricing and hedging tools, client ecommerce, and IT background as a FO quantitative systems developer and trading systems • Market Risk (10 years), both in the business (Deutsche Bank, Credit Suisse, UBS) and in IT (Deutsche Bank, Barclays Capital); lectured on fixed income risk maths; defined risk methodologies for Product Control; KoPs for risk completeness model risk control a DB, and for capital calculations risk & analytics reporting RTB at CS • Credit Risk (7 years), both in the business (UBS 2017 and Abbey AIRB models 2005-07) and in IT (Barclays Capital 2012, UBS 2007-08, HBOS 2003-04) with more minor credit risk work at XP Securities 2018, Deutsche Bank 2016, and Credit Suisse 2015. Saved CHF3bn RWA, 10bn of adjustments and 250m p.w. of on-going savings at UBS; Lead PM for group credit risk reporting at UBS • Treasury: UBS, Nomura Head of Treasury IT, Warner Bros GLs, HBOS Treasury Services, Egg Head of Treasury IT • Finance: HSBC Liquidity, Barclays Capital Basel III, Gerrard & National Intercommodities, XP Securities (IDB) • Business analysis, business process redesign/ToMs, leadership of BA teams in specifications/testing (up to 14); qualified as General Registered Representative in securities & derivatives (Chartered Institute for Securities and Investment) ; Nomura’s Head of Front Office Analysis (Debt & Equity) • Quantitative analytics experience through first ten years in the city , and beyond. Defined quantitative analytics and target operating models; wrote and implemented models (pricing valuations, market risk, credit risk) with pricing & hedging tools at UBS, and valuations & model controls at Deutsche Bank (2016, 2019) • Regulatory change experience working on BIPRU, IFPRU, ICAAP, ILAAP , stress testing, recovery planning, MiFID II, Basel II, III, US Basel III, CRR, CRD, Dodd Frank, BCBS 239, IASB, PRA Pillar 2 Liquidity Reporting, SFA’s Investment Services Directive, transaction reporting, model risk controls, operational risk, and some IFRS 9 and FRTB. Regulator engagement with ECB, Bundesbank, FCA, SFA and LSE, and supported Bank of Spain engagements. Certified senior Brexit consultant. Certified GDPR consultant. • Numerate, pragmatic, tenacious, delivery-orientated, customer & detail focussed. Technical background. Recent and relevant contract assignments 2000 to date: contracting through own company Solomon Trade Processing ltd to these clients:- Miura Development Regulatory Consultant MiFID II Consultancy October 2020 to date Returned to Miura consultancy to develop a MiFID II consultancy programme working with a team of MiFID II consultants. Identified key areas of likely failures in regulatory compliance for different types of financial services firms based on team experience and market research mapped against a traceability matrix for the Markets in Financial Instruments Directive (2004/39/EC). Particular emphasis on Transaction reporting, Pre-trade and Post- trade Transparency and data quality issues, with work on-going for Investor Protection topics. Wrote overaching documentation for entire working group Deutsche Bank Interim Regulatory PM FO Regulatory Remediation – Model Risk Control two contracts Mar-Dec 2019 Interim project manager providing maternity cover to DB’s Corporate Bank & Investment Bank working in the ‘Divisional Strats’ team (Strategic Analytics across all business lines) Project: Model Risk Controls – Remediating 26 regulatory findings on control weaknesses around models (pricing models, risk models, other models) raised by the ECB’s Asset Quality Review, the Bundesbank, BaFin, the FCA, the external auditor, Group Audit and other internal findings Role: • Identified the relevant 26 regulatory findings that were in scope and structured them into remediation themes
Managedsixriskprojects,twofeasibilitystudies,onechangeprogrammeandglobalbatchT+1timingproject,e.g.Project1:PMfor‘close-outperiod’modelsforSyntheticEquitySwaps.Managed14businessanalysts&120ITteam[abbreviatedCV]Permanent career
