Andrew Marks

Andrew Marks Email and Phone Number

Head of Collateral Funding and Securitisation Post Deal Management at Commonwealth Bank @ Commonwealth Bank
australia
Andrew Marks's Location
Greater Sydney Area, Australia
Andrew Marks's Contact Details

Andrew Marks work email

Andrew Marks personal email

About Andrew Marks

I am a broadly experienced finance professional with over 15 years in leading Australian banks across Treasury and Trading functions. Leading highly motivated and functional teams, while utilising strong analytical and technical skills (including high proficiency in Excel VBA), I have delivered on key strategic projects, consistent profitability and continuous efficiency enhancements.I have proven experience across a broad range of markets including Securities Finance, Funding, Rates and Foreign Exchange as well as the supporting functions of Internal Audit and Collateral Operations.

Andrew Marks's Current Company Details
Commonwealth Bank

Commonwealth Bank

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Head of Collateral Funding and Securitisation Post Deal Management at Commonwealth Bank
australia
Website:
commbank.com.au
Employees:
33550
Andrew Marks Work Experience Details
  • Commonwealth Bank
    Head Of Collateral And Securitisation Post Deal Management
    Commonwealth Bank Apr 2024 - Present
    Sydney, New South Wales, Australia
  • Commonwealth Bank
    Head Of Collateral Funding
    Commonwealth Bank Oct 2018 - Jul 2024
    Sydney, Australia
    Responsibilities• Functional owner of CPS226 (Margining and Risk Mitigation) regulatory standard, including project delivery to meet regulatory obligations including APS310 attestation• Presenting to APRA in Market Risk meetings as the groups CPS226 representative• Short term positioning and risk management relating to collateral exposures• Present to Senior Management regarding collateral and risk positions including opportunities, views and outcomes• Ownership of representation of Legal agreements in product system, including signoff of CSA’s for commerciality and regulatory compliance• Lead in producing and delivering learning sessions for the broader Treasury teams to increase understanding of the Collateral function• People leader and development, fostering talent and delivering opportunities for team to further their careersAchievements• 5 years of financial performance, most recently exceeding budget by 300% across security financing and strategic risk taking positions in short end interest rates and fx basis• Inaugurated and developed a A$5b securities finance book with a focus on collateral and balance sheet optimisation. Most recently contributing $A3m of annual revenue while enhancing balance reporting metrics (LCR)• Strategic collateral optimisation project delivery, saving approximately A$5m across global clearing houses• Securities custodian optimisation delivering approximately A$1.5m in savings annually• Successful delivery as project lead of Initial Margin for Phase 4,5 and 6. Including implementation of new exposure monitoring processes, systems development and delivery of a functional control environment, encompassing onboarding procedures , risk and reporting frameworks• IRBR lead for CSA migrations (ESTR, SOFR). Producing tools and workflow processes resulting in an efficient and successful delivery of migrations• Foster team culture. Captaining the GT squash team, riding the Tour de Cure as well as organising team events
  • Commonwealth Bank
    Senior Manager - Collateral Funding
    Commonwealth Bank Jul 2017 - Oct 2018
    Sydney, Australia
  • Commonwealth Bank
    Internal Audit Manager - Markets
    Commonwealth Bank Jul 2016 - Jul 2017
    Sydney, Australia
    Responsibilities• Identifying key business risks, controls design, and testing operating effectiveness.• Engagement with key stakeholders during audits.• Reviews of the Corporate Banking business with focus on global markets trading, market risk, treasury and operations.Achievements/Results• Mis-selling audit team award in recognition of outstanding performance.• Designed and built a Risk and Control Matrix (RACM) and test paper program to reduce administration and improve consistency across the team (saving approximately 1 working day per audit per person).• Key member of audits including mis-selling, foreign currency funding, Singapore branch, foreign exchange and transfer pricing.
  • Macquarie Group
    Manager, Interest Rate Risk & Liquidity Management
    Macquarie Group Dec 2009 - May 2015
    Sydney, Australia
    Responsibilities• Owner of interest rate and FX risk limits for the division globally. This includes trading deliverable and non-deliverable interest rate swaps, basis swaps, currency options, deliverable and non-deliverable forwards, FX spot and FX swaps, interest rate futures & cross currency swaps whilst making markets for MSG trading desks• Managing funding for MSG including 0 day funding forecast and liquidity report to bank wide stakeholders • Ownership of all trading desk related tasks including funding, risk reporting and P&L.• Central point of escalation for all MSG funding issuesAchievements• Effectively managed a global funding book of up to A$10 Billion, generating a substantial and consistent annual profit of more than A$ 3 million. This included formulation of trade ideas and positioning with considered market views.• Administered a non-deliverable forward book of A$500 million, hedging capital in local entities across Asia. In 2014-15 produced revenue vs. our benchmark cost curve of A$3 million.• Travelled to London, assisting during the high volume/high profit European dividend season. I made vital, time sensitive decisions regarding assets deployment to cover material failed trades (often well over A$100 million) which were crucial to overall profitability. • Researched, designed and successfully implemented a restructure of the Asian Cash Equities NDF book, a significant cross divisional project. This involved investigating the capabilities of systems, liaising with senior members of finance, Risk Management, Reconciliations, business management and multiple trade support teams. • Vastly improved the efficiency and capability of all aspects of the desks infrastructure. Leading projects by identifying an area for possible enhancement, analysing the information available from an array of systems/sources and applying a simple and efficient solution. This included enhancement of market tools, position management, P&L and liquidity reporting.
  • Macquarie Group
    Manager, Equity Repo Financing (Asia)
    Macquarie Group Nov 2010 - Jul 2011
    Sydney, Australia
    Responsibilities• An interim role during an internal restructure which took on concurrently with the rates trading role above.• Financing of house inventory in the bilateral and triparty repo markets. Reduced MSG’s reliance on wholesale funding from Treasury and reduced MSG’s transfer pricing charges.• Match book inventory between clients over Australian and Asian equity assets.• Negotiated all aspects of deals with clients. Including rates, tenor, securities used as collateral, size and currency. Liaised with internal stakeholders (such as credit & legal) for trade approvals.Achievements/Results• Increased the presence of Macquarie in the Repo and Reverse Stock Loan markets in Asia. Initiated the first reverse stock loan financing deals in Taiwan and Korea. As a result, Asian repo trading increased 5 fold.• Generated potential trade ideas. For example, took advantage of an arbitrage between European government bonds, US treasuries and variations between the repo and FX swap markets.• Designed and upgraded spreadsheets that significantly improved efficiency and reporting capabilities, including redesigning P&L reports and creating effective transfer pricing reports.
  • Macquarie Group
    Executive, Collateral Management / Trade Support
    Macquarie Group Mar 2007 - Dec 2009
    Operational Duties • Manage collateral for the Stock Lending business in Australia and Asia on trading books worth several billion in absolute value.• Liaise with Capital Management, Front Office, Custodians and clients in daily cash management • Negotiate with clients on the movement of cash, stock and bonds as collateral to cover exposures.• Maintain client static data for both stock settlement and cash payment and monitor and clear cash and stock reconciliation breaks.Achievements/Results• Saved the Asian Stock Lending business USD $317,000 by identifying, investigating and quantifying a withholding tax overpayment that went unnoticed, working closely with Tax and front office.• Assisted in the development and implementation of the Stock Lending system (4Sight). • Streamlined the payment of custody fees charged to the SBL desk. This included restructuring the process to ensure custodial fees were booked in a system as well as designing and creating a series of automatic spreadsheets for the allocation of custody fees to various trading desks.

Andrew Marks Skills

Trading Derivatives Fx Options Bloomberg Equities Options Integration Banking Portfolio Management Financial Markets Fixed Income Securities Investment Banking Capital Markets Financial Services Risk Management

Andrew Marks Education Details

Frequently Asked Questions about Andrew Marks

What company does Andrew Marks work for?

Andrew Marks works for Commonwealth Bank

What is Andrew Marks's role at the current company?

Andrew Marks's current role is Head of Collateral Funding and Securitisation Post Deal Management at Commonwealth Bank.

What is Andrew Marks's email address?

Andrew Marks's email address is ma****@****ive.com

What schools did Andrew Marks attend?

Andrew Marks attended University Of Newcastle.

What skills is Andrew Marks known for?

Andrew Marks has skills like Trading, Derivatives, Fx Options, Bloomberg, Equities, Options, Integration, Banking, Portfolio Management, Financial Markets, Fixed Income, Securities.

Who are Andrew Marks's colleagues?

Andrew Marks's colleagues are Erin Montgomery, Bharani Wijeyakumar, Kienan Ricketts, Carol Baker, Alyce Piening, Joshua Handley, Natasha Onorato.

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