Credit Risk Modelling - London

Jason is a Financial Services Risk specialist with over 10 years’ experience and exposure across consulting and banking extending UK and EMEA. He is also an ACA Chartered Accountant. 

His time in consulting has seen him work with Deloitte’s Banking & Capital Markets advisory team, and more recently, PwC’s FS Risk & Regulation Banking team. His focus is on leading and developing IFRS 9 engagements and initiatives across retail and corporate portfolios for a wide range of clients and country base. Jason’s experience extends across leading Impairment and C&M elements of IFRS 9 engagements and providing unique insight to client Risk and Finance teams. He has delivered several credit risk and risk framework reviews across three lines of defence as part of regulatory AQR exercises. He was also part of Deloitte’s Centre for Credit Excellence leadership team leading Deloitte UK’s IFRS 9 audit approach and portfolio analytic tool development to support audit and advisory engagements.

Prior to consulting, Jason gained over 6 years’ experience at Barclays Bank across Risk and Finance functions. Has 4+ years regulatory risk and wholesale credit policy experience at Group level with a focus on impairment / provisioning policy interpretation and implementation (IAS 39 / 37; IFRS 9), forbearance, and problem credit management. Has a strong understanding of IRB credit risk capital requirements under Basel II / III (PD, LGD, EAD, ICAAP); and has a broad knowledge of the credit lifecycle from sanction to treatment of forborne and impaired assets.

Senior Manager in the PwC UK Financial Services Risk & Regulation (FSRR) team specialising in IFRS 9, IRB and credit risk modelling.

Juan Ramirez is a senior professional at Deloitte in London, advising banks on IFRS 9 and Basel III/IV issues

On the accounting side, Juan is an expert in the three areas of IFRS 9: measurement and classification, impairment and hedge accounting. He has been involved in numerous projects with European banks and the European Central Bank in reviewing their impairment staging and provisioning practices.

Juan is involved in the entire spectrum of capital ratios: measurement, ICAAP, stress testing, capital allocation, capital planning and capital optimisation

Juan holds an MBA from University of Chicago and has worked 20 years mainly in London in the derivatives trading and sales areas of JPMorgan and later Lehman Brothers, Barclays Capital, Banco Santander and BNP Paribas, where he gained a strong knowledge of market risk.

Mr. Ramirez is the author of “Handbook of Basel III Capital”, “Accounting for Derivatives”, and “Handbook of Corporate Derivatives and Equity Capital Markets”

Dimitar is a manger in our Risk Practice, specializing in credit risk. He has over 9 years banking and FI experience which has included significant time in the largest UK credit risk agency, focused on risk and analytical solutions. 
Professional and industry experience
Dimitar has worked with a large number of financial institutions, helping them shape and strengthen their credit risk policies and procedures. He has developed and reviewed risk appetite statements, credit risk policies/ procedures, underwriting strategies and monitoring frameworks. He has led engagements in advisory, internal audit and external audit capacity, analysing existing credit risk processes and providing insights regarding the industry best practices.
Dimitar has worked closely with Heads of risk and C-level executives on a number of key areas in the credit risk space, such as IFRS 9, Basel / CRR, acquisition strategies, affordability, fraud identification, MI and credit risk governance and framework.

Selina joined KPMG Banking Audit in 2013 and obtained substantial experience in the audit of multi-national, listed banks as well as smaller, challenger banks. She has helped to audit different investment banking product areas, for example ABS, and central areas including Operations. On the smaller banks, she had oversight over the entire audit process and looked at subjective areas such as goodwill and loan impairment. She also worked on CASS audits for several banks. 

Selina moved to KPMG’s Banking accounting advisory practice in 2015, and has since worked on a variety of IFRS 9 engagements for large banks, challenger banks and insurers, ranging from impact assessments to implementation and review. This has involved reviewing and advising on classification and measurement (C&M) and expected credit loss (ECL) technical decisions and accounting policy papers, assessing C&M classification of complex instruments, and advising on judgemental areas in ECL methodology. In the process, she has gained experience on a variety of investment and treasury products (from vanilla bonds to complex securities), intercompany loans and financial guarantees.
Selina has assisted with the development of IFRS 9 and FINREP impact assessment accelerators to aid the implementation of the revised FINREP templates for IFRS 9, and has provided support to a number of banks on the implementation of FINREP as required by PRA regulatory reporting guidance, which included provision of interpretations and data mapping.

Beyond IFRS 9 and FINREP, Selina has:

• performed an IFRS 16 entity-level impact assessment for a large multi-national bank;
• performed a review of asset capitalisation in line with IAS 38 for a large UK building society; and
• provided ad-hoc technical accounting expertise on a number of areas to a range of banks.
   

Partner at Prometeia with 15+ years experience as international consultant in credit risk modeling/validation and credit processes both with commercial and multilateral development Banks (Italy, Austria, Russia, Croatia, Turkey, Tunisia) as well as local regulators. Lecturer at Master in Finance, Insurance and Risk Management at Collegio Carlo Alberto (University of Turin).

Marco managed several credit risk projects for Top-Tier Banks in the EMEA area, with focus on Basel II and IRB Regulations. He gained experience in development and validation of credit risk models, such as PD, LGD and EAD, for all types of portfolios (Retail, Corporate, Specialized Lending, Sovereigns, Financial Institutions, Private Equity). He has implemented Basel II plans for compliance with regulatory requirements, including all aspects of processes and use test-related topics (corporate governance, rating attribution, early warning, credit approval system, …) as well as supporting IT Systems.
 

12+ years of experience as international consultant in credit risk modelling, delivering projects in collaboration with primary financial institutions, mainly in the BCBS space. The expertise includes development of credit risk methodologies, optimization of risk management processes, project management, models design and setup of Credit Risk architectures.

Competence:

• Leading Credit Risk modelling projects, related to Basel 2 and IFRS9 compliance. Activities have included definition of model methodology, team management, support to operational resources and communication with top management stakeholders.
• Development and delivery of Rating, LGD and EAD models across different portfolios (from retail to corporate, including LDP) in multinational institutions.
• Responsible of the Credit Risk Stress Test Modelling Competence Center, head of the IFRS9 Methods Development Team. 
• Development and delivery of managerial Credit Risk solutions, including implementation of Early Warning and Credit Approval systems, Credit Strategy frameworks, Pricing Credit Risk Adjusted and Provisioning optimization.

Bogdan is a Senior Manager in the Financial Services Risk and Regulation practice in PwC. With more than 10 years experience in credit risk management, Bogdan has spent the last 4 years in developing, validating and implementing IFRS 9 models for a significant number of UK Financial Institutions. He is also the leader of the most comprehensive quantitative IFRS 9 market survey available in the UK market. 

Before joining FSRR, Bogdan spent 2.5 years at KPMG Advisory Romania, Risk & Regulatory team where he was responsible for providing advisory services on risk management topics with focus on credit risk model validation, design and optimization, credit risk reporting and impairment calculations. 

Prior to KPMG, Bogdan worked for 6 years in Citibank in a variety of roles within the Central and East-European credit risk management department with main focus of rating models and portfolio analytics.