Huseyin Karagul

ad11k5@r.postjobfree.com +31-633-***-*** https://www.linkedin.com/in/hkaragul/ PROFILE

As a risk professional with over two decades of experience, I offer significant expertise in overseeing risk activities for major banks. My specialization involves the meticulous development, validation, and review of credit risk models for A-IRB, stress testing, and IFRS 9, ensuring strict adherence to Basell III, CRR frameworks following EBA GuPLE, EBA GuDoD, EBA NPE, and IFRS9 guidelines. WORK EXPERIENCE

04/2023-06/2023 IRB Modelling Subject Matter Expert at LEASE PLAN - (Interim) Amsterdam-NL

• Set the regulatory requirements for the enhancement of the Lease Plan’s current credit risk models to be A-IRB compliant credit risk models

• Collaborate with cross-functional teams, including risk management, commerce, and finance to identify the processes that generate such regulatory required data

• Develop a comprehensive data dictionary to ensure the regulatory required data have the proper definitions and processes that generate such regulatory required data

10/2021-03/2023 Risk Manager at ZANDERS - (Permanent) Utrecht-NL

• Advised clients on credit risk modeling, overseeing projects for A-IRB-compliant PD & LGD models, and conducted independent reviews and validations for diverse credit risk models, ensuring compliance with CRR, EBA GuPLE, and EBA GuDoD regulations to maintain accuracy and adherence to regulatory standards

• Led an agile in-house project for SME Rating model calibration, overseeing business and process analysis, and ensuring the precise implementation of business requirements in alignment with the outputs of a regulatory review of the SME rating model against EBA LOM

• Conducted a thorough evaluation of a Dutch Bank's corporate loans rating system against EBA LOM ensuring compliance with regulatory standards

12/2020-05/2021 Business Developer at ABN AMRO - (Interim) Amsterdam-NL

• Managed a project aimed at enhancing data quality and accessibility to optimize the profitability of Corporate Credit loan portfolios, with a primary focus on supporting A-IRB compliant credit risk models through agile methodologies

• Contributed to business development initiatives for the Credit Data Management Team within the Corporate Credits Grid, showcasing proficiency in risk management, data analysis, project management, and stakeholder engagement using agile practices

• Advised stakeholders on formulating techniques to ensure the adequacy, accuracy, and legitimacy of the data quality 02/2021-03/2021 Consultant at DEMİR HALK BANK - (Service Contract) Utrecht-NL

• Provided consultancy for the Credit Analysis Department, reviewing the 'Bank Methodology for Impact Analysis of FX Volatility' and conducting a GAP Analysis in alignment with EBA Guidelines on Loan Origination and Monitoring (EBA LOM)

• Enhanced the “Bank Methodology for Impact Analysis of FX Volatility” and developed an Excel VBA based tool addressing the gaps versus the ones required in EBA Guidelines on loan origination and monitoring 08/2019-10/2020 Senior Market Risk Manager at RABOBANK - (Permanent) Utrecht-NL

• Managed multiple projects (such as LIBOR Transition, MUREX Implementation) in the Market Risk Methodology function, not only serving as an advisor but also working with other departments in the Financial Markets domain

• Monitored Sovereign, Financial Institutions, Corporate risks in the IRC portfolio, proposed improvements following a comprehensive review of existing PD, LGD models, transition matrices, and all IRC model components for Sovereign, Financial Institution, and Corporate type issuers, while ensuring compliance with CRR, GuIMO, and GuIDMRC regulations and incorporating new risks into Rabobank’s market risk framework

• Addressed supervisory findings (TRIM Obligations) related to the IRC models and carried out regulatory exercises like the EBA stress test

09/2018-08/2019 Senior Credit Risk Modeler at RABOBANK - (Permanent) Utrecht-NL

• Led the LGD CURE stream using Agile methodologies, coordinating the team in the development of an A-IRB-compliant model

• Played a pivotal role in leading the LGD CURE stream by coordinating the team to make timely deliverables meeting expected quality standards

• Contributed to the development of the A-IRB-compliant Corporate LGD CURE Model through efforts to address methodological, regulation (CRR, EBA GuPLE, EBA GuDoD, EBA NPE, and relevant coding needs 01/2017-06/2018 Lead Quantitative Analyst at CRISIL - (Permanent) Wroclaw-PL

• Conducted model benchmarking and independent reviews for counterparty credit risk models while engaging in global credit/market risk analytics client projects within CRISIL GR&A's investment banking portfolio

• Provided independent review and validation of a variety of risk models, including Counterparty Risk xVA Modelling (PFE, EE, EPE, EEPE measures) and margin models for BCBS (FRTB) and ISDA (SIMM)

• Played a pivotal role in risk software development, business analysis, contributing to IFRS 9 and AIRB solutions for Credit Risk 02/2016-01/2017 Sabbatical Leave Istanbul-TR

• Dedicated my academic focus to developing methodologies for Risk Appetite and Financial Fragility Indices, concurrently enhancing my software proficiency and refreshing econometric skills 05/2014-02/2016 Vice President of Risk Management at FINANSINVEST - (Permanent) Istanbul-TR

• Established and led the risk management department, providing organization-wide consulting services, designing governance frameworks, while advising executive management on risk appetite frameworks and implementing centralized corporate hedging

• Played a key role in developing risk software and analyzing business processes, contributing to ALM, Market Risk & Margining Mechanism software implementation

08/2012-04/2014 Financial Services Risk Manager at ERNST & YOUNG - (Permanent) Istanbul-TR

• Led the reconstruction and revitalization of the Istanbul FSRM team while simultaneously creating new business opportunities by providing quantitative risk advisory to major financial institutions, overseeing the development and validation of IRB-compliant rating systems, scorecards, and pricing models in strict adherence to Basel regulations

• Advised clients in aligning risk appetite frameworks with regulatory requirements (Basel, ICAAP) and business objectives 07/2008-07/2012 Assistant Risk Manager at ISINVEST - (Permanent) Istanbul-TR

• Led the risk management department, providing organization-wide consulting services, designing governance frameworks, while advising executive management on risk appetite frameworks and implementing centralized corporate hedging

• Played a key role in developing risk software and analyzing business processes, contributing to ALM, Market Risk & Margining Mechanism software implementation

08/2006-07/2008 Assistant Credit Risk Manager at FINANSBANK - (Permanent) Istanbul-TR

• Advised the senior management by running credit risk analyses to help them to effectively manage credit portfolios

• Developed and implemented internal credit risk. (PD, LGD, EAD) IRB-compliant models, rating systems, and scorecards for

“Corporate, SME, and Retail (Auto, Mortgage, Consumer Finance, Credit Card, Overdraft)” segments 11/2005-08/2006 Risk Consultant at RISKACTIVE CONSULTING - (Permanent) Istanbul-TR

• Played a pivotal role in risk software development, business analysis, and business development, contributing to solutions for Market Risk, Internal Rating, and Scorecard

• Assisted in the preparation and execution of User Acceptance Testing, including Impact Analysis, and coordinated with business on requirements, developing and supporting the required applications 07/2004-11/2005 Credit Risk Specialist at KUWAIT-TURK (KTEFH) - (Permanent) Istanbul-TR

• Conducted in-depth analysis of credit portfolio performance, proposing risk mitigation solutions, and co-led strategic initiatives including the "Corporate Rating Project" and "Consumer Finance Scorecard Project" EDUCATION

09/2003-07/2009 Philosophy of Doctorate in Finance at UNIVERSITY of KADIR HAS Istanbul-TR Thesis: An Econometric Empirical Study on Small & Medium-Sized Entities' Credit Risk Assessment 08/2000-06/2002 Master of Business Administration at UNIVERSITY OF WEST GEORGIA Carrollton-USA 09/1995-06/1999 Bachelor of Science in Economics at UNIVERSITY OF ISTANBUL Istanbul-TR CERTIFICATIONS

20/08/2015 Credit Rating License, Corporate Governance Rating License by Turkish Capital Markets Board 11/04/2016 Advanced Level License, Derivative Products and Markets License by Turkish Capital Markets Board COMPUTER SKILLS

Database Platforms: MS-Access, MS-SQL Programming: Python, R, MS-Excel VBA Statistical Software: MINITAB, R, SPSS Trading Platforms: Reuters 3000Xtra, Reuters Eikon, Bloomberg Appendix: History of Major Projects

Start End Project Name and Short Description

Apr/23 Jun/23

Internal Rating Based Model Subject Matter Expert

I contributed to the development of a data dictionary, which sets the data requirements for IRB modelling, at a Dutch bank. Dec/22 Apr/23

Calibration of SME Rating Model

I led the calibration project for the rating model implemented by a platform which strives to help to improve the inefficient SME financing process mainly for SME Advisors. Jun/22 Dec/22

Model Development Support for Credit Risk Stress Test Model I contributed to the development of a comprehensive Credit Risk Stress Test Model, encompassing its sub-models for IFRS9 and Regulatory Capital, at a Dutch bank. Mar/22 Jun/22

Review and Improvement of Corporate Credit Rating Models I provided an independent review of several corporate credit rating models, at a Dutch bank. Dec/21 Mar/22

Validation of EVE Stress Test Model

I validated the Stress Test framework for the Economic Value of Equity calculation engine, at a European Investment Bank. Dec/20 May/21

Improving the Data Quality and Accessibility to Corporate Credits Data I managed a project focusing on improving the data quality and accessibility to improve the profitability of various loan portfolios, at a Dutch bank. Feb/21 Mar/21

Review and Improvement of ‘’Impact analysis of FX Volatility Methodology for the Corporates’’ I reviewed the “Methodology for Impact Analysis of FX Volatility” and the relevant model used; provided enhancements for the current model, at a Dutch bank. Sep/19 Sep/20

MUREX Implementation and LIBOR Transition at Rabobank I played a pivotal role in the successful execution of the MUREX implementation project at Rabobank, where I led comprehensive regression tests to ensure the accuracy of market risk measurements, conducted in-depth analyses, validated numerous calculations, and performed ad-hoc assessments to facilitate the seamless transition from LIBOR to alternative reference rates such as ESTER, SONIA, and SOFR. Sep/18 Aug/19

Development of Cure Models for Corporate Credit Portfolio as parts of for Loss Given Default Model I led the development of the probability of cure and loss given cure models for the corporate credit portfolio at a Dutch bank. Oct/17 Dec/17

Review of the CCAR (Comprehensive Capital Analysis and Review) Calculation - SFT (Securities Financing Transactions) I reviewed the CCAR calculations, focusing on the counterparty credit exposure and stress test scenarios for Default loss projections in the SFT portfolio at a European investment bank. Jan/17 Mar/17

Documentation of Model Development and Validation of a SIMM Model I oversaw and managed the end-to-end documentation process for the development and validation of a SIMM model implemented at a capital markets subsidiary of a Dutch bank, managing the steps required for NFA approval and providing consulting services to align with the regulator's (NFA's) expectations.

Jan/15 Dec/15

Implementation of an ALM Software

I led the implementation of an Asset Liability Management (ALM) software at a leading Turkish Investment Bank, orchestrating data integration, model customization, system configuration, and comprehensive training. Jan/15 Dec/15

Option Margining Software Development and Implementation at an Investment Bank (similar to SPAN) I led the development and implementation of a Margining Mechanism aimed at measuring, managing, and collateralizing financial risks arising from customer positions in FX, Index, and Equity-based options. Aug/14 Aug/15

Implementation of a Market Risk Software

I led the implementation of a Market Risk software at a leading Turkish Investment Bank, orchestrating data integration, model customization, system configuration, and comprehensive training. Nov/13 Jan/14

Quality Assurance Review for AML Policy & KYC Diagnostic Analysis I conducted a comprehensive review of Quality Assurance Findings for the "Foundation Work" carried out by a multinational bank in Turkey, encompassing a meticulous comparison of Targeted Milestones with Achieved Artefacts, and provided detailed findings and improvement recommendations for the completed "Foundation Work". Oct/13 Dec/13

Internal Capital Adequacy Assessment Process (ICAAP) Project I managed “Internal Capital Adequacy Assessment Process (ICAAP) Project” at a Turkish Commercial Bank. May/13 Dec/13

New Bank Establishment - Policies & Procedures Development I managed a project for a Japanese bank's successful banking license application in Turkey. I crafted key documents for regulatory compliance and operational excellence, including policies such as Approved Persons, Credit Appropriateness, Cross Border, New Product, Regulatory Reporting, and Group Companies Internal Communication. May/13 Oct/13

Social & Economic Impact Assessment of Project Financing I managed the evaluation of the "2008 Social Development Financial Support Program" and the "2008 SME Financial Support Program" implemented by the State Development Agency in 2009-2010 and took charge in delivering recommendations to improve the agency's financial support mechanisms, ensuring heightened efficiency and effectiveness. Mar/13 May/13

Internal Capital Adequacy Assessment Process (ICAAP) Project I managed “Internal Capital Adequacy Assessment Process (ICAAP) Project” at a Turkish Commercial Bank. Jan/13 Apr/13

Social & Economic Impact Assessment of Turkish 2020 Olympic Games I managed the Social & Economic Impact Assessment of the Turkish 2020 Olympic Games” Project. Nov/12 Jan/13

Corporate Risk Management System Implementation

I led the implementation of a “Corporate Risk Management System” at a leading Turkish Fleet Management Company. Jan/12 Apr/12

Commercial & Financial Due Diligence Project

I performed the “Financial Due Diligence” for the buy-side of an “Electric Distribution Company” that is to be privatized in Turkey. Jan/11 Dec/11

Development and Implementation of a Counterparty Risk Model I led the development and implementation of a counterparty credit risk software at a leading Turkish Investment Bank, orchestrating data integration, model customization, system configuration, and comprehensive training. Jan/10 Dec/10

Implementation of an ALM Software

I led the implementation of an Asset Liability Management (ALM) software at a leading Turkish Investment Bank, orchestrating data integration, model customization, system configuration, and comprehensive training. Jan/09 Dec/09

Option Margining Software Development and Implementation at an Investment Bank (similar to SPAN) I led the development and implementation of a Margining Mechanism aimed at measuring, managing, and collateralizing financial risks arising from customer positions in FX, Index, and Equity-based options. Jun/07 Jun/08

Basel II AIRB Gap Analysis & Implementation

I contributed to the management of the Basel II Implementation program office as a representative of the credit risk unit at a Turkish bank.

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