Lead IBSM Finance Team – 10 Staff, £400m net interest income, £0.5m costs, £26bn balance sheet. Set up the new function including identification activities, alignment of processes and organizational designLead system and organizational design implementation to achieve governed, coordinated process to deliver financial outlooks within 5 working days of the month end, and financial plans, sensitivities and scenariosOwn the Funds Transfer Pricing Policy, development of principals and embedding in processes Lead the set up and implementation of Model Risk discipline within the Finance function of the BankResponsible for integrating the monthly QRM Market Risk process with the QRM Financial Forecasting process. Also upgraded both QRM infrastructure, software and IT support arrangements

Lead ALM Team – 9 Staff, £83m income, £1.7m costs, £48bn balance sheetResponsible for managing interest rate risk in the retail and corporate bank balance sheet, including investment of reserves. Full autonomy to undertake any internal or external hedging required to maintain the risk position within limitsManage the reserves hedging through a continued low interest rate environment, managing the resultant margin squeezeResponsible for managing strategic liquidity management across the Bank, including setting the liquidity risk framework, stress testing framework and forward forecasts of liquidity in both BAU and stressed conditions. Lead the development of the ILAA, now passed to Risk divisionLead the development of the transfer pricing methodology to incorporate liquidity best practice into product design and properly incentivise the business to undertake the required behaviours. Educate the business on product design to help the liquidity position and subsequent implementationResponsible for ensuring new products meet the interest rate and liquidity objectives of the BankLead the balance sheet management aspects of the prospective acquisition of the Verde branches, including negotiating commercial aspects such as price adjusters for the balance sheet, wholesale funding and capital

Lead Corporate Finance Team – 7 Staff, £71m income, £0.6m costs, £12bn balance sheetResponsible for managing interest rate risk in the retail and corporate bank balance sheet, including investment of reserves. Full autonomy to undertake any internal or external hedging required to maintain the risk position within limitsResponsible for capital planning across CFS Shareholder entities, including external capital issuance and internal capital issuance, and recommendation of investment policy for capital Responsible for Liquidity Risk and setting of Risk Appetite, by analysis of behavioural cashflows. Identified liquidity shortfall and delivered Covered Bond in 6 months to meet liquidity requirements. Gained access to various Government Liquidity schemes to maintain the Bank’s strong liquidity positionGood FSA relationship with respect to liquidity, interest rate risk and capital managementUndertook balance sheet evaluation of the Britannia merger

Managed ALM Team – 4 Staff, £31m income, £0.6m costs, £11bn balance sheetCore ALM responsibilities of managing interest rate risk & transfer pricing, capital planning & issuance, retail liquidity management & stress testing

Responsible for setting and maintaining appropriate Transfer Pricing for the retail divisions productsReview and maintain liquidity recharging and implement the liquidity charging policy for the BankResponsible for balance sheet modelling, including analysis of retail product behaviour

Responsible for period reporting, budgeting & forecasting for the division

Responsible for statutory audit work including preparation of Management Reports, Board Reports and Financial Statements