Monica K

Call Report Assessment-Regulatory reporting for a major US bank

• Performed transaction testing for high priority schedules including Loans, deposits, derivatives and securities of FFIEC 031 report.
• Determined if the reported value is a pass or fail for each tested data at both attribute and sample level
• These test results are documented for stakeholder review and validation
• Identified thematic issues which impacted the schedule
• Leveraged Knime analytics tool for scoping, data profiling and sampling

Fed Regulatory Stress testing Capital plan- CCAR Policy Documentation

• Reviewed and provided enhancements for CCAR policy documents for a leading US bank which involved Risk identification &scenario design process in line with the bank's Risk appetite statement and FRB ‘23 stress testing requirements.For the FRB specified scenarios and internal scenarios(baseline,adverse and severely adverse) ,scenario factors and narratives are generated.
• Analyzed Material risk theme for risk stripes including credit,market,liquidity and idiosyncratic events.Wdesk workiva tool is thoroughly utilized for reporting and documentation.
• Three major scenario elements namely 9 Quarter variable path,upfront market shocks and idiosyncratic events are considered for material risks.

Fed supervisory SR 11 10 CCR Policy Documentation

• Collaborated with the leadership of an American multinational bank to conduct comprehensive assessments of credit risk procedures, frameworks, and artifacts, ensuring a smooth transition to a new Target Operating Model.
• Developed and implemented streamlined policies, procedures, and documentation frameworks to mitigate credit and operational risk for Counterparty Credit Risk function of an American multinational bank.

Data and Controls Assessment, Management & Remediation

• Assisted a US bank with remediation of data and processes impacting high risk financial regulatory reporting in coordination with business owners to address FRB feedback.
• Coordinated with upstream/downstream bank stakeholders in preparation of business and functional requirement documents across Lines of Business to create end-to-end business solutions.
• Performed root cause analysis with priority on resolving FFIEC 009, FFIEC 031 MRA aligned data issues and gaps.
• Validated control requirements with impacted stakeholders and ensured appropriate data quality controls throughout the value chain.
• Conducted Knowledge Sharing sessions across finance topics such as CCAR, Credit Analysis, Accounting concepts relevant to the overall regulatory reporting scenario.

Enterprise Architecture Management

• Supported a major US bank in identifying key business decisions along with their aligned processes for 60+ risk and finance committees by assessing the risk lifecycle which in turn helped them to prioritize resolution of regulatory and other internal issues.
• Process taxonomy along with risk taxonomy of the firm is widely leveraged and business process mapping related to each and every responsibility of the respective committee charter was derived.
• Conducted working sessions with client stakeholders and incorporated their feedbacks in process mapping exercise which is executed for various responsibilities in committee's charter.

Intercompany elimination process for Group consolidation

• Implementation of IFRS9 standards for a leading UK bank basis IASB regulations.Extensively worked in oracle people soft as well as SAP S4 HANA modules for intercompany quarterly reporting.
• Supported intercompany team with quarterly reporting of UK,Singapore,Americas region balances involving both interbank and interbranch balances thus facilitating group consolidation process .This involved working with General Ledger(Oracle Peoplesoft ) ,FA tool(Financial analytics) and S4 HANA.Major stakeholders were country finance team,Risk team,internal/external Group audit team.
• Upon adoption of S4 HANA ,IFRS pack submission was facilitated by Axiom tool(adoption of Aspire transition in the firm) and business process consolidation metrics.
• Assisted CFO Attestation process by reviewing thresholds and limits for counterparties and regions and has led reconciliation and root cause analysis of variances between banks and regulatory data quality checks.
• Recommended countries to write off/write back in their respective books, post the net-down process based on substantiation.
• Supported Quarterly Finance Risk Committee and Functional & Operational Risk Team Meetings (FORTM) by evaluating exposure and balances against group threshold limits.