Stéphane T.

Collateral Management Department - Operational Manager N+2 Financing & Clearing

Scope: operational collateral management for financing transactions (loans/borrowings, repo, ETF, SPV...) and cleared transactions (clearing)

Line Management

• Hierarchical responsibility for 30 people in Paris, including 2 N+1 managers and a COO

• Establishment and monitoring of the staff plan for the scope

• Definition of the strategy for the scope in line with the budget trajectory (establishment of OKRs, identification of productivity gain sources, offshoring plans...)

• Alignment of the strategy with business partners (Front Office, Risk...)

Functional Management

• Worldwide functional responsibility (clearing & financing) including 25 people in India

• Operational steering of the activity (indicators, governance...)

• Monitoring of transformation budgets (Cost To Achieve)

• Coordination of responses to regulators (ECB, ACPR...) & internal audit missions

• Continuous improvement of the activity (risk identification, remediation plans...) and adaptation of the activity to business challenges

Project Management

Major projects delivered: exposure calculation, optimization algorithm improvement, automated dialogue with counterparties (Acadia), electronic dashboard...

• Sponsor of various streams within a financing transformation program (€5M total budget)

• Product Owner role for various applications (AGILE methodology) including sprint preparation, definition of epics and user stories...

• Functional monitoring of 3 project managers (identification of project milestones, roadmap construction, writing of requests for proposal...)

• Implementation of a RAD (Rapid Application Development) commando team within the scope to support tactical IT needs (technologies used: Python, Django...)

Collateral Management Department - Operational Manager N+1 Clearing

Context: transformation of a team in charge of clearing operations into a capital optimization team (Initial Margin & Leverage Ratio)

Line Management

• Hierarchical responsibility for 9 people in Paris

• Management of recruitment and alignment of profiles with objectives

• Support for managers (sit-ins, training plans...)

• Offshoring management

Capital Optimization

• Development of a new expertise within the bank by replicating IM calculation models (IM CCP & SIMM)

• Identification and implementation of optimization opportunities in liaison with Trading (€10M in capital savings over two years)

• Development of a network of contacts within key market players to facilitate optimization operations

• Representation of SG with clearing players (clearing houses, vendors...)

• Implementation of processes for analyzing and resolving disputes on OTC derivatives (steering, definition of a RACI, training of managers, governance...)

• Negotiation with counterparties to resolve disputes

• Proposals for arbitration to the Risk and Markets departments in case of persistent disputes

• Implementation of EMIR and DFA regulatory standards on dispute management

• Coordination of operational departments' actions in case of counterparty default