London, England, United Kingdom
Highly skilled structured finance professional with 18+ years experience dedicated to the structuring, execution and risk management of securitisations and capital markets transactions.
- Providing structured finance advice to clients, primarily focused on the structuring and execution of new transactions. This involves support through market testing, data and due diligence materials preparation, identifying relevant investor base, investor engagement, negotiation of transaction terms, review of transaction documentation, fulfilling regulatory requirements, transaction execution and reporting. - Leadership of the Deloitte securitisation network, bringing together colleagues from across different jurisdictions and service lines to work together and represent the firm on projects and specific topics. - Speaker on panels at Global ABS 2023 (Consumer ABS) and 2024 (Basel 3.1). - Management of multiple teams of up to 25 colleagues.
- Risk management of the Bank’s residential mortgage and consumer assets across securitisations and loan pool collateral, a portfolio which grew to £400bn under my responsibility. - Responsible for all aspects of collateral management in the Bank’s various market operations, including design of central bank policy for collateral eligibility and valuation. - Worked closely with the Treasury functions of all major UK banks and building societies, and service providers including legal counsel, rating agencies and servicers. - Design and introduction of the Bank’s ABS transparency requirements across a variety of asset classes. Incorporating loan level data, investor reporting, transaction documents, transaction summaries and cash flow models. - Lead and implementation of a £3m IT project which automated the collection, validation, modelling and analysis of loan pool collateral. The system used SQL, MATLAB and Tableau to introduce straight-through processing to the analysis and valuation of loan level collateral data.
Team manager of the collateral management team, responsible for managing the risk associated with the private sector collateral taken in the Bank’s liquidity insurance operations (ILTR, DWF and ECTR) or in providing emergency liquidity assistance. - Managing the formulation of private sector collateral policy, including asset backed securities (RMBS, ABS, CMBS etc.), covered bonds and loan portfolios. - Development of the Bank's transparency criteria for ABS, including requirements relating to transaction documents, loan level data, investor reporting, cash flow models and transaction summaries. - Supporting and mentoring a team of analysts in the delivery of analysis to internal committees. - Monitoring changes in markets and macroeconomic conditions to ensure that the Bank is on top of the current risks facing wider collateral.
Formulating risk policies including the Bank's ABS transparency initative, often starting from first principles and communicating them effectively within the Bank and externally; Apply risk policies by monitoring, valuing and risk assessing the various collateral types accepted by the Bank; Monitoring the markets on a day to day basis to ensure appropriate risk management remains in place;
- Analysis of Consumer ABS transactions, primarily credit card, consumer loans and auto loan/lease transactions, determining credit ratings for use by investors and other market participants; - Implementing appropriate default and cash flow modelling; - Scrutinizing transaction legal documents to ensure compliance with Fitch criteria and models; - On-site review of underwriting and servicing of transaction originators; - Preparing rating proposals for presentation to internal rating committees; - Communicating rating rationale to investors and other market participants through presale reports and presentations and meetings; - Working with transaction arrangers and originators to understand assets characteristics and structural features of the transactions; - Assist in development of research and criteria;