Kevin M. Buhse, CPA
A senior financial executive with significant experience in managing finance/treasury functions within global financial institutions. Expert in financial accounting, derivative products used for hedging, cash management and fixed income financial instruments most notably securitized and credit products. A proven record of researching and implementing new financial and regulatory pronouncements. Effective in leading, managing and developing professionals while promoting a harmonic team environment. Areas of expertise include:
Basel 3 Financial Controllership Treasury
Regulatory Reporting Project Management Financial Statements
Accounting Policy Process Reengineering Training/Development
UBS – Director – Treasury Capital Management 2015-2019
Financial Director responsible for the development of the capital adequacy assessment process while contributing to the efficient management of capital by providing expertise on the evolving regulatory environment.
Implemented the Basel III capital framework prior to the establishment of the Intermediate Holding Company (IHC).
Quarterly, performed and analyzed capital adequacy assessment for internal management.
Primary author of the capital sections of the Annual Capital Plan for the Comprehensive Capital Analysis and Review (CCAR) submission, as well as the supporting documentation for the regulatory submission.
Developed and monitored key metrics to ensure efficient use of capital.
Developed an excel based system to calculate the FRY 14A1D1 and the determination of capacity under all Capital Action Assumptions.
Wrote the Business Requirements Document and lead the implementation of an internally developed software system that automated the FRY 14A1D1.
Analyzed the regulatory capital effect of all new business initiatives.
Calibrated real time and post stress capital objectives by analyzing the IHC’s client facing operating entities capital levels and requirements under BASEL 3 and SEC 15c3-1.
Drafted the Capital Policy and Capital Contingency Policy.
Structured Long Term Debt ensuring that it qualified for Total Loss Absorbing Capacity.
Advised on the IHC’s valuation assessment.
Coordinated responses to the Regulators on Matters Requiring Attention.
Milestone Consulting Project Business Analyst 2013-2015
Member of a team to ensure that the IHC subsidiaries’ accounting is done in accordance with US Generally Accepted Accounting Principles and to remediate existing process burden.
Seedco Financial Services - Chief Financial Officer 2012-2013
CFO responsible for all aspects of accounting and control oversight of a Community Development Financial Institution. Supervise staff of 6, preparing all financial and management reporting.
Bank of New York Mellon - Managing Director - Treasury Controller 2008-2012
Treasury Controller responsible for all aspects of accounting and control oversight over a $80 Billion Investment Portfolio (consisting of non agency securities – prime, subprime and Alt A), $60 Billion Fed Funds and Placement Portfolio and $18 Billion of Long Term Debt. Supervise a staff of twenty, preparing
consolidated management reporting (i.e., annual budgets and forecasts) for the Treasury Sector. Primary
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liaison dealing with internal/external auditors, SOX and external regulators including all planning, documentation and walkthroughs.
Oversaw the implementation of the following accounting pronouncements:
SFAS #115-2, resulting in a $6 Billion write down of non agency securities in 2009. Accomplished through the establishment of a stress based surveillance process that analyzed collateral, credit enhancements, deal structures and cash flows.
SFAS #133 for the hedging of foreign denominated deposits with foreign exchange forwards.
SFAS # 157 to coordinate the pricing of the Investment Portfolio.
Responsible for drafting Treasury’s SEC disclosures for the 10- Q (s) and 10- K.
Royal Bank of Canada- Director - Controller 2004- 2008
Supervised a staff of twenty two, including the controllers of the three primary entities in the United States preparing financial statements, regulatory reports (e.g., Focus Report, and Customer Reserve Calculation), management reporting and annual budgets and forecasts.
Develop accounting policy and procedures for new products in co-ordination with the business heads and the head office accounting policy group.
Served as the primary financial and management reporting contact for head office. In turn, serve as coordinator for finance function in the New York (NY) operation to ensure the uniformity of procedures, process, accuracy and timely reporting.
Provided support to traders and marketing officers in determining the accounting and regulatory treatment for new products and structures, analysis of historical results and preparation of presentations.
Co-ordinated the preparation and distribution of monthly reports including consolidated NY operations results, departmental detail profitability and expense analysis. Analyze the monthly reports and prepare commentaries on highlights and variances.
Re-orchestrated the internal control environment to facilitate SOX compliance.
GFI Group Inc. - Corporate Controller 2000- 2004
Supervised a staff of six preparing consolidated financial statements, consolidated management reporting, consolidated tax reporting, subsidiary regulatory reports for broker dealers (e.g., Focus Report, Customer Reserve Calculation) and annual budgets and forecasts.
Banque National de Paris- Controller 1998- 2000
Supervised a staff of twenty-four preparing financial statements, management reporting, regulatory reports, budgets and forecasts.
Nippon Credit Trust Company - Controller 1992-1998
The Chase Manhattan Corporation - Accounting Policy and Procedures 1988-1992
Peat, Marwick and Mitchell - Audit-Supervising Senior 1983-1987
Certified Basel iii Professional
NEW YORK UNIVERSITY - Master of Business Administration - Finance
STATE UNIVERSITY of NEW YORK at BUFFALO - Bachelor of Science-Accounting/Finance