Philip Forkan

Philip Forkan Email and Phone Number

Head of Collateral @ Tonic
London, GB
Philip Forkan's Location
London, England, United Kingdom, United Kingdom
Philip Forkan's Contact Details

Philip Forkan personal email

About Philip Forkan

Experienced OTC Clearing, Margin and Collateral SME with a track record of working in Tier 1 banking and consulting organisations within operations, change and sales. Extensive understanding of Regulatory Reform specialising in OTC derivatives, Uncleared Margin Regulations and Benchmark Reform. Deep understanding of banks, buy side and custodian landscape and the impact to strategy, operating model and technology. Operational Continuity in Resolution SME, a key component of Bank Recovery and Resolution.

Philip Forkan's Current Company Details
Tonic

Tonic

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Head of Collateral
London, GB
Philip Forkan Work Experience Details
  • Tonic
    Head Of Collateral
    Tonic
    London, Gb
  • Tonic
    Head Of Collateral
    Tonic Aug 2020 - Present
  • Wsngc
    Derivatives Clearing And Collateral Management
    Wsngc Dec 2017 - Apr 2019
    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
  • Standard Chartered Bank
    Project Manager - Recovery And Resolution (Ocir)
    Standard Chartered Bank Nov 2015 - Aug 2017
    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
  • Citi
    Director - Futures, Derivatives Clearing And Collateral Management
    Citi Oct 2013 - Dec 2014
    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
  • Sapient Global Markets
    Director - Head Of Collateral Management And Otc Clearing
    Sapient Global Markets 2007 - Sep 2013
    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)
  • Rbs
    Global Head Of Collateral Management
    Rbs 2002 - 2007
    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.
  • Commerzbank Ag
    Collateral Management
    Commerzbank Ag 2000 - 2002
  • Jp Morgan
    Cross Product Collateral
    Jp Morgan 1996 - 2000

Philip Forkan Skills

Collateral Management Derivatives Collateral Investment Banking Fixed Income Capital Markets Integration Banking Credit Derivatives Financial Services Fx Options Interest Rate Derivatives Equities Trading Systems Financial Markets Risk Management Foreign Exchange Options

Philip Forkan Education Details

Frequently Asked Questions about Philip Forkan

What company does Philip Forkan work for?

Philip Forkan works for Tonic

What is Philip Forkan's role at the current company?

Philip Forkan's current role is Head of Collateral.

What is Philip Forkan's email address?

Philip Forkan's email address is ph****@****ail.com

What schools did Philip Forkan attend?

Philip Forkan attended Liverpool John Moores University, St Ignatius College.

What skills is Philip Forkan known for?

Philip Forkan has skills like Collateral Management, Derivatives, Collateral, Investment Banking, Fixed Income, Capital Markets, Integration, Banking, Credit Derivatives, Financial Services, Fx Options, Interest Rate Derivatives.

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