Jonathan Raynor Email & Phone Number

Hamilton, Bermuda

Assumed this newly created role at the request of the parent Board of Directors to provide independent assurance regarding the integrity of the strategies through which Butterfield's trust division managed its exposures to fiduciary; operational; regulatory; financial crime; investment; tax reporting, and; counterparty risks globally. Built out a risk management framework that brought greater transparency to key risks and control issues identified, ensured their impact was assessed consistently, and enhanced the overall quality and frequency of reporting produced. Chaired a newly formed Group Trust Risk Committee to ensure there was common understanding of these issues across the executive leadership team and consensus as to how they should be addressed. Also championed an initiative to automate a number of key risk management processes through the deployment of unused capabilities of the division’s core technology platform, leading a successful pilot program in Bermuda to provide proof of concept. Coordinated the due diligence performed ahead of two acquisitions made. Oversaw the effectiveness of all risk management activities undertaken both pre- and post-acquisition, presenting the findings to both the jurisdictional and the parent Boards of Directors.

Bermuda

Global responsibility for ensuring the effectiveness of risk management programs executed across all jurisdictions and business lines relating to: the prevention of financial crime and terrorist financing (AML / ATF); the prevention of bribery and corruption; data privacy / protection, and; compliance with applicable laws, regulations and licensing requirements. Led a team of 35 compliance specialists, including the group’s MLROs and surveillance teams. Orchestrated the successful execution of multiple projects that harmonized AML / ATF approaches globally in anticipation of emerging regulatory changes, including; the implementation of enterprise-wide technology solutions to support customer due diligence processes and suspicious activity monitoring / detection; the development of a dynamic risk assessment methodology that leveraged the capabilities of these systems while addressing the unique risk characteristics of different product offerings and client types; writing a comprehensive suite of operating standards, and; designing a new business process that enabled updated client risk assessments to be performed on all commercial, corporate and HNW / UHNW clients globally in a little over 18 months.Orchestrated enterprise-wide compliance with the Foreign Account Tax Compliance Act. Developed the group’s tax reporting framework, galvanized the work effort needed to ensure all client reviews were completed, and served as Responsible Officer for all group companies. Managed relationships with regulators and presented at all meetings of the parent and jurisdictional Boards of Directors.

Hamilton, Bermuda

Recruited by the President & Chief Executive Officer to create a completely new division, building out the team of risk management professionals that delivered a comprehensive framework of policies, processes, documentation, training and analytical tools designed to better explain operational risks assumed and provide insight into areas of concern / opportunity. Partnered with Georgia State University's Robinson College of Business to implement methodologies that enabled risk exposures to be aggregated by product, division or jurisdiction and modelled to determine their capital consumption / impact. Successfully licensed the framework developed to a technology company for inclusion as a module in its enterprise risk management software tool.Promoted twice while in situ as the scope of the role was expanded to ultimately encompass responsibility for the organisation’s information / cyber security posture, its fraud prevention program, its physical security teams and the effectiveness of its business continuity strategies.

Bermuda

Managed and developed the Bermuda bank's senior commercial credit portfolio while leading the small client servicing team responsible for cultivating new deposit streams and AUM from the Island's international business community. Also managed a small number of complex workouts involving multiple stakeholders, including regulatory agencies.Identified the opportunity to launch a new letter of credit product for the captive insurance industry, partnering with two NAIC-approved banks to bring this to market. Generated over $700M in new AUM from the product within 4 years of its launch, which contributed in excess of $2M in additional fee revenues.

Manchester, United Kingdom

Managed and developed a diverse portfolio of mid-corporate clients across a broad range of industries. Consistently exceeded sales and new business development targets while improving the average client satisfaction from 91% to 98% during my tenure.Selected to lead an initiative to explore partnering opportunities with HDFC Bank in Mumbai, India. My resulting paper setting out a series of recommendations as to how UK banks could better service the British Asian community was ultimately presented to both the British Bankers Association and the Home Office.

Liverpool, United Kingdom

Led a small team responsible for supporting the two Regional Executive Directors in all aspects of the execution of the bank's business strategies in the Merseyside region of the United Kingdom, an area employing over 10,000 staff and contributing income in excess of £600M p.a. Coordinated the preparation and analysis of management information / key risk indicators, served as a day-to-day liaison with other departments and head office functions; produced briefing reports and research papers, and; managed media relations while the organisation executed a significant branch closure program.

Liverpool, United Kingdom

Managed a team of 5 analysts underwriting credit requests emanating from a portfolio of branches and business units in the Merseyside region of the United Kingdom. Approved requests falling within my own discretion; conducted peer reviews to ensure all credit policies were applied correctly and underwriting standards were maintained, and personally prepared analyses supporting any requests requiring escalation to the Senior Sanctioning Manager, Head of Credit, or to Head Office credit function if in excess of their delegated limits.

Bsc. (Hons), Management Science

Acib