Naresh Bhavnani

– Defined a Target Operating Model (TOM) for Risk groups to transform a UK legal entity into a non-US Swap Dealer derivatives-focused entity, partnered with cross-functional risk teams to define processes, data governance, risk and control measures – Enhanced data integrity & accuracy for stress testing of Private Equity (PE) Sponsor Finance portfolios to align bank's risk measuring capabilities to PRA expectations; managed changes for CCRA ESG risk framework to incorporate additional risk data and elements – Reconciled PE Sponsor Finance stress data for multiple business lines between front-office and MIS reporting layer, highlighting variances and data improvements.

– Delivered key change initiatives within Markets Treasury, analyzing collateral drivers underpinning the Liquid Asset Buffer (LAB) to support the ALCO; aligning collateral analytics with Funding in Resolution and L-SREP commitments to regulator. – Lead the analysis of LAB reporting & analytics dashboards by collaborating with Markets Treasury, Finance, and Operations for monitoring liquidity coverage and limit utilization; defined liquidity limits & triggers framework for global entities. – Reconciled daily liquidity and funding data, supported validating enhancements to improve data integrity of reporting framework.

– Executed data remediation issues for OCC Consent Order related to post-trade Settlement Risk (SR) of FX Swaps & RWA calculations for OTC Derivatives portfolio on more than $5 billion of risk trades leading to increased data lineage for accurate risk calculations. – Partnered with Model Risk Management (MRM) & risk technology to define & implement a scalable scenario-based settlement risk calculation for OTC FX Option trades, reducing SR of trade portfolio by more than $1bn. – Collaborated on large strategic initiatives & projects like OTC FX trade data aggregation and a firm-wide unified credit ratings service for SA-CCR RWA calculations, liaising with global teams across Credit Risk, Front & middle-office. – Supported the Regulatory Capital Projects Team in planning for treasury trading wind-down changes to COREP including large exposures, Own funds & leverage ratios

– Led the development and implementation of a comprehensive Net Stable Funding Ratio (NSFR) framework, ensuring alignment with regulatory requirements and improving reporting data accuracy by 25%. – Collaborated with specialist product managers, internal audit, and operations to define requirement documents, implementing end-to-end solutions for data controls and S166 related remedial actions for global liquidity risk reporting. – Created change requirements document, managed user acceptance testing, and implemented a new tactical tool to report Non-Performing Assets (NPA) and Own funds in NSFR as per CRR2 regulations, enhancing reporting accuracy by 100%.

– Defined futures trading strategy & modeled expected gains using historical data for back-testing, enhancing decision-making processes. – Provided consultancy and advisory services for a start-up business, defining product scope, use cases, and product pricing strategy, contributing to a comprehensive MVP release strategy and future roadmap.

– Acted as a Change & Transformation SME & Product Owner to Funding & Liquidity Management group for US FR2052a changes, reducing EUC usage by more than 25% by facilitating cross-functional group discussions to source & improve data quality.

– Lead the review and implementation of new products, including reporting requirements and key metric impact to liquidity ratios and manage the onboarding process of new products for trade aggregation, increasing transparency and accuracy of liquidity risk reporting. – Spearheaded analysis of Liquidity Risk Stress Testing for secured financing portfolio, designing methodology for modelling of collateral swaps and secured financing debt, enhanced risk measurement under market stress for internal liquidity stress testing (ILST) group. – Collaborated with key stakeholders to draft requirements for collateral swaps model and strategic liquidity reserves, identifying key risk drivers and working with the risk group to monitor product limits, improving risk management. – Developed models for transferring trapped liquidity between eligible international legal entities, to enhance the accuracy of LCR.

– Work closely with Finding and Liquidity Risk group to develop and implement comprehensive liquidity risk governance framework, monitor liquidity risks for the US entities, understand and explain the liquidity risks to various stakeholders – Interpreted guidance to define business requirements for liquidity risk reporting changes in for FR2052a (Dodd-Frank) & LCR – Partnered with Liquidity Risk Modelling team to define business requirements, and implement an asset encumbrance model covering Unencumbered Assets & HQLA securities, as a result increased the reported unencumbered assets by more than $400mn. – Proposed and implemented an end-to-end solution for reporting liquidity risk measures of bank's IHC & CUSO entities to Fed, recognized with an outstanding achievement award for successful early delivery.

– Delivered a framework to calculate liquidity risk for rating agency downgrades; interpreting rating agency guidance and translating requirements into scalable solutions for derivative portfolio trades (IRS, FX Swaps); reducing liquidity asset buffer (LAB) by £500mn. – Defined requirements for stress testing of OTC derivative trades, calculating stressed liquidity outflows for multiple market stress scenarios for Internal Liquidity Adequacy Assessment Process (ILAAP). – Collaborated with treasury, legal and collateral management group to integrate ISDA/CSA contractual agreements, daily collateral & margin calculations, enhancing accuracy of liquidity risk calculations for both idiosyncratic and market stress scenarios. – Engaged with internal audit to explain the firm's risk calculations, clarify rule interpretations, respond to analysis & recommendation's

– Conducted business analysis & process improvements at BNYM - Broker Dealer services for managing SWIFT cash payments by adding intra-day counterparty credit limits to unwinding triparty repo and prime brokerage trades. – Recommended process improvements to Fund Accounting System, leading to productivity enhancements through standardization and streamlining, resulting in a 50% reduction in implementation time and quicker client onboarding. – Spearheaded discussions with stakeholders to gather, analyze, and document requirements for Credit Risk in Banking Book and Trading Book, Counterparty Credit Risk Exposures, and Credit Risk Measures at UBS.

– Managed an assurance testing team to validate enhancements to the STP of trade life-cycle via Think Folio TOMS, Fund Accounting, & settlement systems, used in Portfolio Asset Management of Mutual Funds, enhanced efficiency of cash and securities reconciliations. – Implemented a proof of concept to replace Wall Street System for the rates trading desk with Misys Summit, defining LIBOR & Fed Fund curves for IRS and cross-currency swaps, improving risk controls and limits. – Enhanced risk management by developing and implementing robust risk controls and limits, ensuring compliance with regulatory requirements.

– Led the requirements gathering and transformation of Lincoln Wealth Management (LWM) platform for HNIs from legacy to web-based, freeing up advisors tied to desktop, integrated external data sources to enhance client asset aggregation and reporting capabilities. – Enhanced advisory platform for suggesting wrap products to HNI based on their individual risk profile; developed and integrated Monte Carlo simulation for projecting client portfolio return during financial planning & advisory phase. – Implemented robust data governance and risk controls, improving reporting experience, data quality and regulatory compliance.