Paul Light Email & Phone Number

London, United Kingdom

Responsible for the oversight of the Common Depositary function in London and full daily management of the related physical custody assets, maintaining and implementing controls in line with CASS regulations. Relationship manager with both major clients. Support the New Issues/Rate Fix and Common Depositary teams located within offshore centres and act as an SME. Improve processes and risk and control analysis. Ongoing staff development and project management.

London, United Kingdom

Responsible for Corporate Actions operations teams, serving clients across markets within EMEA under Direct and Global Custody, including improving of products and processes, managing group budget, creating cost savings, staff development, risk and control analysis, change management and project management.Key Achievements• Project Manager Offshoring: Successful relocation (offshoring) of the Corporate Actions Department from mature site in London to Dublin. Business case, Budgeting, Project Plans, Risk Analysis (RAID), Progress reviews, Training, Management reporting and presentations through to closure. Saving of $10mn per annum.• Project Manager Regulatory Change: Defined and implemented Sanctioned securities analysis tool globally to identify and escalate in-flight corporate events potentially held in custody on behalf of clients. Coordinated tech changes, Procedure revision and Training across operations.• Project Manager Risk and Controls: Implementation of Secure email into the group. Liaising with Risk and Compliance, implementing procedures, and coordinating training across operations.• Project Manager Regulatory Change: Defined and instigated reporting of ‘Shortfall’ stock breaks as required by FCA regulations (CASS 6) across the department. Procedures, Control spreadsheets created and implemented.• Client On-boarding: Managed successful migration of new client portfolios into custody, monitoring and reviewing risk analysis across 1,590 live corporate actions impacting $720bn portfolio.• Risk and Control Analysis: Designed and implemented Risk and Control tools (RCSA) for the department to accurately monitor all operational risk areas, mitigating controls and testing requirements, as well as the creation and monitoring of metric reporting (KPI & KRI).

London, United Kingdom

Deputy to Group Manager responsible for Corporate Actions operations teams, serving clients across markets within EMEA under Direct and Global Custody, improving products and processes, managing group budget, creating cost savings, staff development, risk and control analysis, change management and project management.Key Achievements• Operational Restructure: Successfully realigned Middle Office corporate actions operations team into the Custody department, aligning processes, mitigating risks and enhancing controls around event creation, instruction processing and custodian elections management.• Project Manager Client Deadline Offering: Review of client deadlines, Operational requirements, 3rd Party Custodian offerings, resulting in reduction of global client deadlines to within 24hrs of market deadline. Coordinated with Operations, Product and Technology to implement changes.• Operations LEAN Project: Delivered achievable and innovative change to operational processes along with continuous improvement focus. Achieved a 15% cost saving across the team. Further shared results with sister teams in New York and Singapore to extend benefit.• Operations Operating Principles: Performed the role of ‘Culture Champion’ for the department, leading group workshops, delivering presentations and introducing the ‘Operating Principles’ concept.

London, United Kingdom

Responsible for managing teams in Issuer Services. Acting as Debt Exchange Agent on behalf of Issuers looking to restructure debt and coordinating offers to market and completing the acceptances including settlement of cash and stock. Acting as Rate Fix Agent on behalf of Issuers, calculating interest rates due on fixed income instruments, ensuring notices to market distributed.Key Achievements• Risk and Control Analysis: Implemented procedures, checklists and risk mitigating controls across the teams, ensuring zero attributable losses throughout the period.• Debt Exchange Project Manager: Lead high profile sovereign state Exchange offer in collaboration with the state’s external legal counsel and accountants. Successfully implemented an innovative process to send bespoke offers to each claimant listed (over 400 claimants). Collation of supporting documentation from claimants and final settlement of cash.• Project Manager Offshoring: Planned, organised and implemented the successful migration (offshoring) of team from London to Dublin, including project managing all deliverables, creating and implementing the training plans, budget monitoring, relocating to Dublin for nine months to complete interview and hiring of new team as well as to achieve successful knowledge transfer (2008 - 2009).

London, United Kingdom

Responsible for implementing a replacement in-house system on behalf of the Agency Trust group within Issuer Services, coordinating between operations and technology, creating and defining the BRD & FRD, creating and executing test scripts, providing management updates, coordinating training across operations and creating new procedures and ensuring stable system delivered.Key Achievements• Project Manager: Project Plans, Risk Analysis (RAID), Progress reviews, Training, Management reporting and coordinating across operations and technology. • System Development: Devised Business Requirement Definition and subsequently Functional Requirement Definition documents to include all necessary requirements of the system.• Testing Coordinator: Coordinated the creation and execution of test scripts, across the department. Provided feedback to technology and re-tested until successful. Rolled out system into production after successful parallel run.

London, United Kingdom

Responsible for providing Depositary services (New Issues, Put/Call Options, Repurchases, Income Processing, Reconciliation and delayed interest claims management) across various fixed income products (CP’s, CD’s, MTN’s and Bonds) of both Global and Definitive in nature on behalf of Euroclear and Clearstream.Key Achievements• Risk and Control Analysis: Implemented procedures, checklists and risk mitigating controls across the team.• Client Liaison: Managed regular performance reviews with both Euroclear and Clearstream in office, ensuring a consistently high rating throughout the period.• Y2K Project Lead: Planned, prepared and reviewed all upcoming income/redemptions events were managed during the period with no impact to Paying Agents or ICSD’s. Cross checking portfolio of in-flight events, reconciling and coordinating with operational partners.

London

Responsible for Corporate Banking payment processing (via CHAPS) and reconciliation.Retail Branch Client Services providing day-to-day banking support and product advice.