David Walsh Email & Phone Number

London, United Kingdom

Responsible for the management of the Group’s significant Liquid Asset Portfolio in a controlled, low-risk and compliant manner. • Actively manage the Liquid Asset Portfolio to improve the efficiency of the banks Liquidity Coverage Ratio (LCR) through making sound investment recommendations in high quality LCR eligible assets.• Analyse the investment universe to identify appropriate assets meeting the portfolios liquidity, market and credit risk parameters and manage the portfolio on a carry and roll basis in order to maximise value for the Group.• Carry out Hedging and diligent booking of transactions, to ensure portfolio risk is prudently managed on behalf of GCT and the Group.• Carry out ongoing surveillance and analysis of markets and research to produce regular, insightful commentary for a wide audience, including the Group CEO and to respond to realtime queries from management.• Continue to improve and develop the desk’s reporting and risk management tools through the use of advanced Microsoft / Excel skills in order to simplify the daily management of the portfolio.• Provide timely updates and recommendations to key stakeholders where appropriate, and ensure that no material risk issues or opportunities are missed on the portfolios.• Provide guidance and support to the desk’s junior and graduate members in order to facilitate their development on the team.• Ran modules for Lloyds Bank GCT Academy, an in-house learning and development initiative which aims to provide a comprehensive overview of key Treasury functions.• Previously, had responsibility for analysing the credit and operational risk of credit assets held for the Banks Liquid Asset portfolio in addition to the management of a portfolio of Solvency II eligible ABS investments for Lloyds Insurance Treasury on behalf of Lloyd’s insurance entities.

London, United Kingdom

A key member of a team of 10 people with responsibility for the resolution of Lloyd’s Bank significant legacy structured credit portfolio (peak c.£60bn in value) which consisted of US & European RMBS, US HELOCs, Consumer asset class (autos, credit cards and FFELP/Private student loans), CMBS, ABS/CRE CDOs, and balance Sheet / Arbitrage CLO’s. • Actively managed the portfolio for disposal providing credit analysis and strategic guidance on a hold / dispose basis, taking into consideration projected long-term performance and market conditions.• Specific ownership within the team of the banks significant legacy Irish RMBS portfolio and other European periphery exposures. Also responsible for the teams monoline-insured exposures.• Managing the portfolio with a 'risk based' prioritisation to ensure that the banks risks are minimised i.e. losses, MtM volatility, capital and RWA increases etc.• Modelling the fundamental value of investments which involved extensive credit work; running various scenarios to determine bond values under different economic environments.• Based on these fundamental bond characteristics, clearly present strategic options.• Ensure timely credit management of the portfolio, including daily monitoring, semi-annual/annual credit reviews and senior credit committee reviews.• Extensive experience in modelling ABS/MBS products using Bloomberg, Intex, Trepp and Absnet, and bespoke ABS and financial modelling using Excel.• Developed the portfolio database and risk reporting tool.

Ireland

• Provided strategic guidance for the portfolio on a hold / dispose basis, taking into consideration projected long-term performance, market conditions and break-even levels (including funding and capital costs) on both senior and some mezz positions.• Responsible for the continued management of a portfolio of European & US ABS across various asset classes (CMBS, RMBS, CDO). • Provided continuous and consistent surveillance practices in order to identify potential problem credits and ensure the appropriate management of those cases and advise of relevant changes to internal credit grading’s. • Analysed collateral and bond performance and preparing monthly/Quarterly MI reports for senior Credit stakeholders. • Managed and co-ordinated governance processes and dealt with various ad hoc tasks/requests as required. • Presented at-risk cases to the Credit Committee as required and provide strategic guidance for those troubled assets.

Ireland

• Reviewed & prepared cash/position reconciliations & daily NAV’s.• Prepared monthly reports and dealing NAVs• Worked on the production of interim and year-end reports incl. Income statement, Balance sheet and P&L.• Dealt with fund manager and client queries on an on-going basis relating to daily and monthly NAV reports• Dealt with the daily pricing and position reconciliation of various products such as swaps, fixed income, REPOs, futures, options (standard & OTC), FX• Reviewed/processed corporate actions.