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Enterprise Risk Management

Location:
San Francisco, California, United States
Salary:
150k+
Posted:
October 12, 2016

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Resume:

AYESHA RASUL

*** **** ******, *** *********, California, 94131

E-mail: acw0w8@r.postjobfree.com

Phone: 415-***-****

EDUCATION

Master of Business Administration, Schulich School of Business, York University, April 2000

Specialization: Finance/Financial Engineering

Master of Applied Science, University of Toronto, November 1994

Specialization: Civil/Environmental Engineering

Bachelor of Engineering, NED University of Engineering and Technology, 1991

Specialization: Civil Engineering

WORK EXPERIENCE

Scotiabank, Toronto, ON (March 2015 – December 2015)

Director, Enterprise Risk Management Business Analyses

Led and managed teams of senior managers and managers responsible for Strategic IT transformation projects related to governance and regulatory compliance, and credit risk management system implementation initiatives in Scotiabank’s Information Technology and Solutions (IT&S) division.

Achievements

Led IT&S Retail and Non-Retail teams to develop IFRS 9 and RDARR/BCBS 239 Systems and Data Strategy Roadmap in liaison with business unit executives, and technology management team by executing highly complex analyses to provide technology solutions for compliance reporting.

Partner with Global Risk Management to ensure business requirements for implementation of multi-million dollar Credit Lifecycle management system for Non-Retail portfolios are translated into technical design and functional requirements.

Facilitate a team responsible for identification and documentation of inaccuracy in enterprise data warehouse analytics to manage counterparty credit risk for derivatives portfolios at an enterprise level. Provide a possible structure and recommendation to senior management to adapt these requirements to existing risk management and governance framework to accurately report bank’s exposure to counterparty risk.

Build the team by acquiring talent to close the skills gaps within the team. Organize the team into operations, development and governance structure to enhance methodologies, processes, controls and cycle time.

IBM Canada Ltd., Toronto, ON (November 2012 – September 2014)

Executive Consultant, Business Analytics and Optimization

Enterprise and strategic risk management expert responsible for advising clients in all sub-sectors of the financial services industry, focusing on banking and insurance.

Achievements

Assist clients in setting up the management and operational frameworks and processes required to comply with regulatory requirements, and improve the processes around information systems supporting internal control governance, risk data aggregation and reporting.

Develop and design enterprise specific risk management solutions to deliver a suite of risk management services tailored to the prevention, detection and response to risks, based on firm's risk self-assessment and risk appetite statement.

Assist clients take a disciplined approach to managing technology, fraud, credit, market, liquidity and operational risks through a combination of rules, assessments, process improvement, model review, validation and policy and strategy communications.

Coached and mentored junior and newly hired consultants.

LINCOLN FINANCIAL GROUP, Radnor, PA (September 2010 – August 2012)

Assistant Vice President, Head of Enterprise Risk Management

Responsible for providing leadership in the development of ERM risk strategy and risk framework to include risk culture, financial risk methodologies and appropriate financial metrics, standards, processes and frameworks based on actuarial and capital markets principles.

Achievements

Provide leadership for business risk and control assessments; collaborate with senior executives and business unit CFOs and other control functions in the organization to create, sustain, and strengthen internal controls and develop escalation/delegation of authority matrices as they relate to emerging enterprise risks.

Partner with CFOs of multiple business units to establish risk tolerances for use by the organization to monitor and control risks and to assure that the pricing of new business is aligned with the stated risk limits.

Leading efforts in implementing and calibrating models of economic capital and economic value in partnership with ALM, actuarial and investment teams to provide transparency to senior management and to support informed strategic decisions.

Created and co-chair a Risk Management Committee to lead the organization’s efforts to manage risks across multiple product lines: US Life, Fixed Annuity and Variable Annuity.

Assist in the development and implementation of an enterprise-wide stress testing program, framework and infrastructure as well as the establishment of the required processes to support risk and capital adequacy efforts across lines of business and portfolios in US.

Develop and present enterprise risk reports, dashboard, analysis and potential mitigating actions to President & CEO as well as Risk Committee Boards

Serve as the corporate senior enterprise risk representative with respect to regulators, rating agencies and other key constituencies where required.

Assess the skills of existing direct reports on regular basis to identify the additional capabilities required to support the ERM program. Create an actionable plan that identifies skill gaps and recommendation on how to close them.

MASSACHUSETTS MUTUAL FINANCIAL GROUP, Springfield, MA (May 2008 - August 2010)

Corporate Vice President, Enterprise Risk Management and Investment Risk

Responsible for identifying multiple and cross-enterprise risks, developing mechanisms to manage risks by facilitating effective response to the interrelated impacts, and integrated responses to multiple risks and communicating to Executive and the Board of Directors the effect of these complex, cross-enterprise risks.

Achievements

Led the enhancement and development of Economic Capital model for multi-billion dollar market and credit risks associated with corporate bonds, structured products, commercial mortgages and alternative investments in partnership with investment groups.

Participate in discussions with Corporate Operational Risk Committee on challenges associated with development of internal measurement approach compliant with regulatory standards of capital modelling.

Coordinate with asset managers, corporate finance and actuaries to define adverse scenarios and to evaluate the potential implications of these scenarios on future financial position of MassMutual for management insight as well as for use with regulators and rating agencies.

Responsible for developing corporate risk and investment policy for managing direct FX risks that has an impact on regulatory and rating capital, liquidity, earnings and the economic value of its surplus.

Responsible for defining risk appetite framework to formulate, propose and implement risk limits that are consistent with corporate strategic goals. Work with enterprise to systematically monitor risks to ensure that potential losses, considering multiple potential scenarios, are within risk tolerances set by the enterprise.

Assist lines of business and corporate functions to determine and monitor key risk indicators (KRIs), key control indicators (KCIs) and trends to support risk control assessment and the application of appropriate risk mitigation strategies.

Responsible for diligent assessment, management, and reporting of derivatives counterparty exposure used by the Chief Risk Officer to update Executive Management and the Board of Directors on the company’s counterparty risk profile.

Prepare risk communications material for external stakeholders: (i) Rating agency presentations and (ii) quarterly and annual Management Discussion and Analysis.

Assist with the leading of teams to generate a vision, establish direction and motivate members, create an atmosphere of trust, leverage diverse views, coach staff, and encourage improvement and innovation.

ALGORITHMICS INCORPORATED, Toronto, ON (2000-2008)

Senior Financial Engineer/Team Lead, North America Region

Responsible for requirement analysis and implementation of firm-wide risk management processes and applications to assess and manage client’s total portfolio exposure to ALM, market and credit risks.

Achievements

Proactively liaised with quantitative analyst and strategists at the institutions to review and develop specifications on financial models and hedge strategies. Tested and implemented new risk measures or improvement to existing measures. Assessed the adequacy of various risk quantification methods and processes in the various areas of risk management of market risk, counterparty credit exposure, variable annuity products, structured investments and hedge programs. Participated in the clients’ efforts to validate analytical models. Collaborated with clients to stress test risk management strategies under various possible market and economic scenarios. Assisted in development and implementation of risk reporting and oversight methods.

Provided on-going consulting support to North American clients by incorporating advanced risk management and financial functionality into our products; analysed client issues, coordinated with research and development group at Algorithmics to develop financial specifications on new pricing algorithms, tested the solution and assisted client to implement the resolution.

Provided pre-sales and post-sales support in the form of product demonstrations, workshops and product training sessions for clients in financial quantitative analysis and modeling, such as VaR, marking-to-market, pricing of securities, scenario generation and counterparty credit.

Coached and mentored junior and newly hired staff. Conducted employee evaluations for strength and weakness to identify, plan and execute needs for training, performance, and educational programs to enhance the development of new hires.

CLEAN WORLD ENGINEERING LTD., Chicago, Illinois, (1995-1998)

Project Manager, Environmental Engineering Division

Managed multiple construction projects, estimated project costs, selected vendors, negotiated sub-contracts, coordinated operations with owners and sub-contractors, developed and managed operating budgets, prepared schedules, maintained quality control and general management.

Achievements

Managed completion of large scale commercial construction projects.

Effectively supervised a team of engineers, technicians and construction crew.

Implemented a strict quality program that contributed to significant reduction in budgeted expenses.

Developed a highly effective external reporting system that resulted in significant cost savings.

COMPUTER LITERACY

Office Productivity: Proficient in Microsoft Office 2003/2007, and market data providers Bloomberg and Reuters. Familiarity with database management system (i.e. Sybase, Oracle, SQL)

Programming: Knowledge of MAPLE, MATLAB and Visual Basic

Operating Systems: Windows XP, MS-DOS, LINUX and UNIX



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