Will Lyons Email & Phone Number

London, Gb

Hamilton, Bermuda, Bm

• Manage crypto and fiat open exposures.• Manage liquidity risk across markets.• Plan and project manage product development and deliver wholesale management of risk.• Create front to back processes for trading, product delivery and settlement for the Markets business. • Support the development of upcoming products such as Custody and Staking.• Work with regulators to obtain licencing for the business.• Build the front office markets team for trading, ALM and Treasury.• Build the technology platform to support the front office markets and corporate Treasury needs.

London, Gb

Objective: Ensure regulatory compliance with respect to Risk, Capital, Liquidity and CASS.• Built systems to capture and process required regulatory reporting.• Built and managed project team to produce ICAAP, ILAAP, COREP, RRP, CASS.• Transitioned projects to BAU in Risk.• Managed regulatory interactions with regulator for BAU and remediation.• CF10a for CASS.Results:• Regulatory reporting in line with requirements.• Excellent relationships built with regulator, no censure.• No CASS breaches.Objective: Ensure all business risks (Market, Credit, and Op Risk) captured, quantified and controlled.• Defined and applied Group Risk Appetite, approved by Board.• Defined risk governance and policy for group.• Built Risk function where no such function had existed.• Built systems to capture Risk for each business unit and Risk type.• Defined risk controls and limits for all business units.• Created appropriate Risk control committees.• Managed Group’s enterprise and derivative positions.• Managed Group’s liquidity portfolio.• Managed new client approvals.Results:• Market risk breaches dropped from around 200 a year to 4.• Group credit balances reduced by 40%.• Risk senior management weekly committee.• Board and Audit committee Risk MI reviewed and approved at those committees.• Executive Committee had appropriate Risk MI.• Operational Risks tracked to close.Objective: Manage Group’s Capital and Liquidity function. • Built project team to create systems and processes to manage Capital and Liquidity.• Built processes and systems to ensure regulatory capital compliance with CRR and liquidity.• Transitioned regulatory capital and liquidity actual and forecasting to BAU.Results: • ICAAP and ILAAP in line with regulation.• Capital and liquidity requirements in line with regulation.• Capital and liquidity MI provided for ExCo and Group.• Forecasting ensuring enough capital for future business growth.• Group Liquidity buffer profitably managed.

London, England, Gb

Objective: Retained by Goldman Sachs to provide Expert Witness services for Equity Derivative Pricing and Trading in the case between the Libyan Investment Authority and Goldman Sachs (2016). The premium in dispute in the case was in the region of USD1.2bn.• Produce Expert Witness report on pricing, trading and valuation of equity derivatives.• Built team of additional Experts required.• Attend High Court over a number of days to provide Expert Witness evidence in person.Result:• The Court was satisfied with the expert evidence I supplied and relied on the evidence in its judgement in favour of Goldman Sachs.

Gogarburn, Gb

Objective: Rebuild the Equity Market Risk function after the RBS bailout to ensure that Risk had appropriate control and oversight of the equity business.• Manage team of 17 risk professionals globally.• Risk culture re-orientated to risk management, not risk reporting.• Develop risk managers understanding and insight into their respective portfolios.• Rebuilt stakeholder relationships with the business, implementing and enforcing appropriate risk control.• Broadened and deepened risk control structures from expert understanding of derivative risks.• Implemented asset class model review committees for new product development.• Promoted the Risk agenda at governance committees.• Represented equities risk at markets ExCo.• Provided expert risk advisory to business.• Oversight of Equity Capital Markets.Result:• Market Risk was then a necessary partner in overall business and desk management processes.• Business risk brought back into control within the defined risk management framework (vega c.5mio, delta c. 500mio, VaR c. 30mio).Objective: Ensure regulatory compliance and mange regulatory stakeholders effectively.• Regular reviews with PRA for equity business.• Improved VaR model for capture of equity business risks.• PRA VaR application approved for UK balance sheet and others, e.g. Commodity Exotics.• PRA approvals for bulk business transfers to UK balance sheet.Result: • Significantly reduced capital requirements from PRA approvals.Objective: Drive process and IT change to develop and effective and efficient Risk function, including capital optimisation.• Implemented new equity risk system.• Drive and implement MI development for Risk and FO exec. management.• Implemented new Risk reporting system for Market Risk.• Represented Risk on the executive markets remediation committee, ran Risk projects e.g. taxonomy.• Minimise RNIVs.Result: • Projects completed.• Significantly improved control processes.• Reduced capital utilisation.

Objective: Build out trading function for start-up wealth manager with a focus on Structured Products.• Build pricing systems to verify and monitor product pricing from issuers of structured products.• Identify and structure appropriate equity derivative product for JFP target market.• Build risk management systems for JFP product management.• Provide pricing experience for equity derivative product supplied by large investment banks to ensure value for JFP clients.• Develop relationships with structured product desks to source derivative products for clients.• Set up required legal entities for structured product distribution.• Review inorganic growth targets for due diligence.Result:• Successful issuance of structured products for clients.

Boadilla Del Monte, Madrid, Es

Objective: Grow equity derivative trading business to hit target PL in a well-controlled business. Business covered index, single stock, CBs, property derivatives, vanilla through to exotic including equity-rate hybrids.• Managed team of c. 30 traders globally (London 15, Madrid, 13, NY 2).• Continued to expand product range.• Integrated the London and Madrid trading desks.• Managed trading risk to generate significant trading PL.• Mentor and oversee development of junior traders.• Manage recruitment of talent onto the desk.• Developed models and pricing capabilities.• Supported sales in expansion of client base.• Started build out of NY desk.• Automated vol marking.• Ensured appropriate PL reserving for complex trades.• Managed internal processes such as new products.• Promoted trading desk internally and externally.• Managed systems development to support the expanding desk.• Ensured desk remained within Santander defined limits.• Developing tools for structuring and sales to make indicative prices independently.Result: • Full year PL in final year was c. GBP250mio.

London, Gb

Objective: Manage derivative trading books for equities and FX.• Traded equity index books across global equity indices for vanilla and exotic payoffs.• Traded FX derivative books covering vanilla and exotic payoffs, primarily in the majors.• Providing product for client distribution, primarily for institutional distribution of retail product.• Develop FX and rates management tools on desk.• Work with quants on model development.• Transferred London equity trading books to Paris.• Traded ABS collateral book c. USD1bn notional.Result:• Exotic derivatives desks PL in excess of GBP100mio.

London, Gb

Business Manager Structured Derivatives and Currency OptionsCapital Markets Management AccountantHSBC Life AccountantGroup Strategy