Daryl Hosein Cpa, Ca, Cfa Email & Phone Number

British Columbia, Canada

British Columbia, Canada

Barbados, West Indies

Hold control of treasury operations (including Funding & Liquidity Management, Asset-Liability Management, Balance Sheet & Resource Management), directing a team covering 17 regional countries in which bank operates. Manage multiple portfolios in excess of $4B with strategies covering sovereigns, banks, and treasuries in the US and emerging markets balancing risk and return objectives. Develop / monitor funding and risk strategies for $10B deposit book (11 separate currencies)… Show more Hold control of treasury operations (including Funding & Liquidity Management, Asset-Liability Management, Balance Sheet & Resource Management), directing a team covering 17 regional countries in which bank operates. Manage multiple portfolios in excess of $4B with strategies covering sovereigns, banks, and treasuries in the US and emerging markets balancing risk and return objectives. Develop / monitor funding and risk strategies for $10B deposit book (11 separate currencies) to ensure proper funding.Raised $175M+ of wholesale term funding in multiple markets to address pressing liquidity concerns. Captured savings of $20M / year by implementing changes in deposit interest rate structures that considered liquidity and market dynamics.Streamlined Asset & Liabilities Management Committee, ensuring presentations on complex topics were clear and based on firm financial fundamentals.Introduced a Capital Plan recommending the bank’s 1st ever special dividend of $100MM and increasing the ongoing payout ratio to enhance Return of Equity by 18% while maintaining resources to execute on the 5-year strategic plan. Improved Bank’s benchmarked profile—enabling it to better position interest rate exposure to balance risk and income—via redesign of the Structural Interest Rate Assumptions to use natural balance sheet offsets instead of arbitrary and dated assumptions.Protected the value of the franchise by assuming a prudent risk profile, efficiently utilizing capital of $1.3B and effectively managing liquidity / balance sheet resources to achieve revenue of $76M representing 41% of the bank’s total operating profit. Treasury OperationsRisk ManagementFinancial ManagementRegulatory ComplianceStrategic PlanningStaff ManagementForecastsBanking Management Show less

Barbados, West Indies

Spearheaded bank-wide FP&A operations covering $500MM in revenue for 17 countries, with focus on building alignment with organizational strategic mission and long-term plans. Delivered full financial support to strategic support units with $200MM+ of expenditure, supporting on-going management, strategic performance reviews and capital expenditure decisions.Generated $2MM+ savings through realignment of Head Office expense allocation process, working with tax, audit and… Show more Spearheaded bank-wide FP&A operations covering $500MM in revenue for 17 countries, with focus on building alignment with organizational strategic mission and long-term plans. Delivered full financial support to strategic support units with $200MM+ of expenditure, supporting on-going management, strategic performance reviews and capital expenditure decisions.Generated $2MM+ savings through realignment of Head Office expense allocation process, working with tax, audit and accounting professionals.Enabled streamlined assessment of $3B mortgage portfolio losses and forecasting through creation of a new financial model for loan loss expenses.Improved planning process to foster collaboration between 17 Country Managing Directors, four (4) Segment Leaders, and five (5) Financial Controllers—introduced dispute resolution process that enhanced efficiency in a complex matrix environment.Assessed $50MM 3rd party loan portfolio for purchase to determine offer pricing considering risk profile, maturity characteristic and strategic fit.Reduced delivery time of reporting by Strategic Support units from 20 to nine (9) business days, enabling streamlined engagement with executive team.Financial Planning and Analysis (FP&A)Cost SavingsFinancial ModelingRisk ManagementCapital ExpendituresPortfolio AssessmentsBanking ManagementCost Savings Show less

Barbados, West Indies

Oversaw integrity of financial information, ensuring compliance with International Financial Reporting Standards (IFRS) for bank with $11B in assets and $500MM+ in revenue—led team of 40+ finance professionals. Directed financial statement close process for Group, which covered 17 countries.Drove Finance’s involvement in Tier I projects ($1MM+) to ensure consistency in accounting and integration of financial systems.Reduced monthly forecasting variances from $5MM/month… Show more Oversaw integrity of financial information, ensuring compliance with International Financial Reporting Standards (IFRS) for bank with $11B in assets and $500MM+ in revenue—led team of 40+ finance professionals. Directed financial statement close process for Group, which covered 17 countries.Drove Finance’s involvement in Tier I projects ($1MM+) to ensure consistency in accounting and integration of financial systems.Reduced monthly forecasting variances from $5MM/month to just $2MM in 12 months through redesign of income estimate process, which provided additional control and accountability. Optimized risk management through implementation of 50+ control processes for SOX and deficiency management.Cultivated environment based on transparency and collaboration by establishing a forum to review significant accounting-related issues, leveraging expertise across the Caribbean and North America.Led seamless transition of Bank’s GL upgrade with no service disruption to clients or financial reporting cycle.Risk ManagementProcess ImprovementsSOX ComplianceInternal ControlsStaff ManagementStrategic Planning Show less

Barbados, West Indies

Directed activities focused on financial data integrity, including all regulatory reporting with Central bank and relationship management with regulators. Delivered presentations to Board of Directors on financial plans, estimates and results; facilitated discussions regarding $16B security portfolio. Led implementation of new financial reporting standards involving financial instruments and capital disclosures. Implemented significant accounting changes including… Show more Directed activities focused on financial data integrity, including all regulatory reporting with Central bank and relationship management with regulators. Delivered presentations to Board of Directors on financial plans, estimates and results; facilitated discussions regarding $16B security portfolio. Led implementation of new financial reporting standards involving financial instruments and capital disclosures. Implemented significant accounting changes including converting $16B+ trading assets to available for sale and reorganizations of funding activities.Improved methodology used for daily financial estimates of results and redesigned processes for developing forecasting and plans to include independent market variables and sensitivity analysis.Managed multiple successful Internal Audits and SOX testing requirements by maintaining an environment of strong controls.Audit OperationsFinancial ManagementProcess ImprovementsRegulatory ComplianceBanking ManagementStaff Management Show less

Toronto, Canada Area

Delivered assessments of variable interest entities and securitization structures as well as related quarterly / financial reporting.Managed litigation reserve process with Canadian and US legal teams.Determined appropriate accounting treatment for issues such as structured note issuance, deferred tax asset valuation, and lease accounting. Presented topics of Accounting Developments and Fair Value at the 2006 and 2007 CIBC Finance Education Forums to 200+ finance staff.… Show more Delivered assessments of variable interest entities and securitization structures as well as related quarterly / financial reporting.Managed litigation reserve process with Canadian and US legal teams.Determined appropriate accounting treatment for issues such as structured note issuance, deferred tax asset valuation, and lease accounting. Presented topics of Accounting Developments and Fair Value at the 2006 and 2007 CIBC Finance Education Forums to 200+ finance staff. Played key role in restatements of $200M in Q1 of FY2007 by leading project to identify and correct income statement classification errors across the bank.Contributed to assessment of International Financial Reporting Standards (IFRS) to understand potential future changes to Canadian GAAP through participation in Canadian Banker Association initiatives.Financial ManagementRisk ManagementSOX ComplianceStrategic PlanningPortfolio AssessmentsBanking Management ACCOUNTING ASSOCIATE / AUDIT SENIOR Chartered Accountant Rotation Program (May '04 - June '05)Completed yearlong rotation program that included Internal Audit & Finance and Chief Accountant’s divisions. Show less

Toronto, Canada

Toronto, Canada

Toronto, Canada Area

Hired as as member of the Audit Staff. Promoted in less than one (1) year.

Bachelor Of Administrative Studies, Accounting And Finance

Micro-Certificate In Blockchain Innovation And Implementation