Philip Forkan Email & Phone Number

London, Gb

London, United Kingdom

Established Derivatives Clearing and OTC Collateral Management practice, providing change and transformation services to banks and buyside institutions. Key focus areas includeMargin Reform on delivery of efficient collateral and margin management platformsISDA SIMM for regulatory Initial Margin - IT capabilities, model development and governance to support ISDA SIMM.Benchmark Reform. Establish Libor transition programmes for derivatives and Fixed income Brexit Readiness. Impact analysis on processes, systems and infrastructure for cleared and uncleared markets

London, United Kingdom

Project manager for a number of key streams to ensure SCB Group compliance with OCIR Regulation including:• Developed an impact assessment framework that codified OCIR regulations and outlined Group wide response to ensure regulatory compliance • Identified barriers to bank resolution and designed Group wide solutions to remediate• Lead project working groups with senior stakeholders from Group Treasury,Group Operations, Group IT and HR to drive executive level strategic options and recommendations• Managed implementation of process and organisational changes including documentation of BRDs, OCIR Target Operating Model and OCIR PlaybooksKey author and business analyst for a number of Group wide initiatives and regulatory responses including: o PRA Solvent Wind Down and Disposal Analysis o PRA OCIR Impact assessment o HKMA Bank Separability analysis

London, United Kingdom

Origination and business development for Futures Execution, Derivatives Clearing and Collateral Management for EMEA.Accountable for all aspects of business development including sales and origination, businessqualification and needs analysis, client proposals and presentations, client implementationand Sales MI.• Built sales pipeline and originated new mandates across both OTC collateral and OTC clearing business lines• Lead all elements of the bid process including client business case, detailed proposals, client workshops, client onboarding and education.• Primary contact for client advisory on all aspects of collateral, central clearing and regulations including EMIR, Dodd Frank, BCBS IOSCO and Basel 3. • Accountable for on boarding of new client mandates including support and monitoring of business implementation across legal, operations, risk and business. • Responsible for refining the collateral product and presenting new product developments to clients including collateral transformation, optimisation, custody and initial margin solutions.• Successfully developed targeted client action plans for generating additional income streams

London

Leadership role in Sapients Global Collateral and OTC Clearing practice. Focus on providing clients with consulting expertise to support business transformation driven by regulatory change agenda including EMIR, Dodd Frank, BCBS IOSCO and Basel 3.Deployment of operational and technology solutions to manage change programmes and lead technical integrationProvide strategic consulting expertise to collateral and clearing businesses to navigate regulatory reform agendaExample projects with leadership involvement include:• CCP Treasury Operations and Collateral Process Review for leading Rates CCP• CDS Clearing Broker Selection for leading European Bank• OTC Rates Client Clearing Implementation • OTC Client Clearing portal design and implementation• Clearing advisory and PMO services for Canadian Markets Infrastructure Committee (CMIC)

Responsible for managing the collateral operation covering OTC, Repo and CCP margining. Key functions included data management, new business and client onboarding, documentation negotiation, margin management, dispute resolution, funding and change management.Key achievements include:• Managed the implementation of Algo Collateral.• Create a new business team responsible for all elements of client on boarding• Develop and enhance the collateral control environment. • Delivered Singapore off shoring capability to support global processing capability.• Create and delivered a three-year collateral management business plan and strategy to generate cost savings, improve revenue opportunities and lower operational risk.• Drive collateral policy changes to ensure competitive collateral terms and conditions.• Negotiate collateral agreements directly with clients on behalf of RBS directly reducing capital usage.• Present at industry forums and committees on collateral management initiatives and issues.

Bachelor’S Degree, Business Studies

Education record