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GregSolomon–BankingRegulatoryChangeManagement greg@solomontradeprocessing.comLondonE148BP,+44(0)7771533758

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Banking Risk and Regulatory Change Management – Analysis, Planning, Leadership, Delivery

Summary profi le/experience

GregSolomonhas35yearsoffinancialservicesexperienceatbanks–UBS,Nomura,HBOSTreasury,Egg,AbbeyFinancialMarkets,HSBC,BarclaysCapital,CreditSuisseandDeutscheBank

• ProjectManagement–bankingchange,APMGCertifiedPRINCE2Practitioner,Agile(UBS,HSBC,DB),Waterfall

• Frontofficebankingchangemanagement(18years)–trading,sales,quantitativeanalyticssuchaspricingandhedgingtools,clientecommerce,andITbackgroundasaFOquantitativesystemsdeveloperandtradingsystems

• MarketRisk(10years),bothinthebusiness(DeutscheBank,CreditSuisse,UBS)andinIT(DeutscheBank,BarclaysCapital);lecturedonfixedincomeriskmaths;definedriskmethodologiesforProductControl;KoPsforriskcompletenessmodelriskcontrolaDB,andforcapitalcalculationsrisk&analyticsreportingRTBatCS

• CreditRisk(7years),bothinthebusiness(UBS2017andAbbeyAIRBmodels2005-07)andinIT(BarclaysCapital2012,UBS2007-08,HBOS2003-04)withmoreminorcreditriskworkatXPSecurities2018,DeutscheBank2016,andCreditSuisse2015.SavedCHF3bnRWA,10bnofadjustmentsand250mp.w.ofon-goingsavingsatUBS;LeadPMforgroupcreditriskreportingatUBS

• Treasury:UBS,NomuraHeadofTreasuryIT,WarnerBrosGLs,HBOSTreasuryServices,EggHeadofTreasuryIT

• Finance:HSBCLiquidity,BarclaysCapitalBaselIII,Gerrard&NationalIntercommodities,XPSecurities(IDB)

• Businessanalysis,businessprocessredesign/ToMs,leadershipofBAteamsinspecifications/testing(upto14);qualifiedasGeneralRegisteredRepresentativeinsecurities&derivatives(CharteredInstituteforSecuritiesandInvestment);Nomura’sHeadofFrontOfficeAnalysis(Debt&Equity)

• Quantitativeanalyticsexperiencethroughfirsttenyearsinthecity,andbeyond.Definedquantitativeanalyticsandtargetoperatingmodels;wroteandimplementedmodels(pricingvaluations,marketrisk,creditrisk)withpricing&hedgingtoolsatUBS,andvaluations&modelcontrolsatDeutscheBank(2016,2019)

• RegulatorychangeexperienceworkingonBIPRU,IFPRU,ICAAP,ILAAP,stresstesting,recoveryplanning,MiFIDII,BaselII,III,USBaselIII,CRR,CRD,DoddFrank,BCBS239,IASB,PRAPillar2LiquidityReporting,SFA’sInvestmentServicesDirective,transactionreporting,modelriskcontrols,operationalrisk,andsomeIFRS9andFRTB.RegulatorengagementwithECB,Bundesbank,FCA,SFAandLSE,andsupportedBankofSpainengagements.CertifiedseniorBrexitconsultant.CertifiedGDPRconsultant.

• Numerate,pragmatic,tenacious,delivery-orientated,customer&detailfocussed.Technicalbackground.

Recent and relevant contract assignments

2000todate:contractingthroughowncompanySolomonTradeProcessingltdtotheseclients:-

MiuraDevelopmentRegulatoryConsultant MiFIDIIConsultancy October2020todate

ReturnedtoMiuraconsultancytodevelopaMiFIDIIconsultancyprogrammeworkingwithateamofMiFIDIIconsultants.IdentifiedkeyareasoflikelyfailuresinregulatorycompliancefordifferenttypesoffinancialservicesfirmsbasedonteamexperienceandmarketresearchmappedagainstatraceabilitymatrixfortheMarketsinFinancialInstrumentsDirective(2004/39/EC).ParticularemphasisonTransactionreporting,Pre-tradeandPost-tradeTransparencyanddataqualityissues,withworkon-goingforInvestorProtectiontopics.Wroteoverachingdocumentationforentireworkinggroup

DeutscheBankInterimRegulatoryPM FORegulatoryRemediation–ModelRiskControl twocontractsMar-Dec2019

InterimprojectmanagerprovidingmaternitycovertoDB’sCorporateBank&InvestmentBankworkinginthe‘DivisionalStrats’team(StrategicAnalyticsacrossallbusinesslines)Project:ModelRiskControls–Remediating26regulatoryfindingsoncontrolweaknessesaroundmodels(pricingmodels,riskmodels,othermodels)raisedbytheECB’sAssetQualityReview,theBundesbank,BaFin,theFCA,theexternalauditor,GroupAuditandotherinternalfindingsRole:

• Identifiedtherelevant26regulatoryfindingsthatwereinscopeandstructuredthemintoremediationthemes

GregSolomon–BankingRegulatoryChangeManagement greg@solomontradeprocessing.comLondonE148BP,+44(0)7771533758

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Banking Risk and Regulatory Change Management – Analysis, Planning, Leadership, Delivery

• Establishedprojectcontrolsforeachbusiness,deliveryschedulesandKPIs.Built-outremediationthemesandplansneededtosolveallfindingswitha2-yearremediationplan,andpresentedthemtotheregulators

• EngagedonplanningwithDeskStratsfromeachbusinesslineacrossEquities&FICbusinessandsecond-lineofdefencecontrolfunctions(ModelRiskManagement,MarketRiskManagementandFinanceGroupValuations),GroupAudit,externalauditor,regulators.Detailed&agreedplans,managedremediationwork

• AlsoresponsibleinIB&CBforthe‘othermodelinventory’outsideriskandpricingmodelsinengagingseniormanagementacrossCB&IBinthereviewandsign-offprocess

Keyachievements:• Deliveredamajor1-dayworkshopfortheJointSupervisoryBoard(EuropeanCentralBankandBundesbank)

toofferdeep-divesintoEquitiesandFICmodelriskcontrolsandtheprogressmade,coordinatingdeliveryofextensivepresentationsbyFrontoffice,GlobalValuationsGroup,ModelRiskManagementandMarketRiskManagement.Deliveredanextensiveworkshoppackfortheday’s6houragenda

• BuiltsimilarplansfortheglobalRates,Credit,FICAPAC,EmergingMarketsDebtandFX,withFO&MOagreementandformalactionsformodelautocalibrations,modelvalidations,riskcompletenesscontrolsandindependentpriceverificationcontrols

• AdvancedquantitativemeasurementsonmodelcontrolswithKPIassessmentsforBoard/regreporting,automatedcontrols,forecastsanalyticaldevelopmentplans.Assistedexternalauditorinindependenttesting

• Deliveredkeyoperatingprocedureforriskcompleteness

• ProposedandagreedaseverityassessmentdowngradeproposalforanAuditfindingtosave€½m/qincharges,basedonmaterialprogressmadeonRiskCompletenessandIPVCompletenessacrossthefirm

MiuraDevelopmentconsultantto:XPSecurities(anInter-DealerBroker)RegulatoryConsultant ICAAP,ILAAP,MiFIDIIConsultant April2018-March2019

JoinedMiuraconsultancyfortrainingcoursesbeforebecomingaConsultanttoaninter-dealerbrokerclient,XP,onthreeprojectstogainFCAregulatoryapprovalforanewOrganisedTradingFacility(OTF)withoneotherconsultant:-Project1:AuthoredtheformalICAAP(internalcapitaladequacyassessmentprocess),includingthecalculationprocesswithoperationalriskelementsforlaterCOREPreporting.HelpeddefinetheBIPRU/IFPRUfirmtypesProject2:AuthoredallILAAPdocuments(internalliquidityadequacyassessmentprocess),withatreasurypolicy,recovery&crisisplanningandstresstestingassessmentsunderthePrudentialregimeunderBIPRUandIFPRUProject3:Preparedtheclient’sPrudentialMiFIDITFormsforsubmissiontoFCAforanOTF,includingauthoring14supportingdocuments.Leaddailyclientcommunications,BCP/DRplansandemergencycontrolsKeyachievements:

• Redefinedthecapitalrequirement;FCAapprovedtheclient’slicenceapplicationforthenewOTFTraining:CertifiedasaSeniorBrexitConsultant.CertifiedasaGDPRConsultant

UBSLeadPMFirm-wideCreditRiskReporting RiskReporting July-Nov2017

Project:GroupCROLeadPMforCross-DivisionalCreditRiskReportingrequirementsacross19riskmeasuresforBCBS239(datamanagement,aggregation,architecture)Role:

• ImplementGroupCreditRiskReportingandcross-divisionalreporting,includingflexiblereportingforRiskAnalytics&ReportingandRiskMethodologyteams

• DrovemajornewITstrategicinfrastructureplatformforgroupBCBS239reporting-thelargestriskprogram• Deliveredsigned-offbusinessrequirementsforcreditlossexpenseanalysis,excesses,past-duesandshortfalls

tosupportexternalreportingforWealthManagementandforPersonal&CorporateBanking,andsupportedtheimplementationofIFRS9accounting&monitoringstandardsfromtheCreditRiskperspective

Keyachievements:• Gainedbusinessengagementontheflexibleriskreportingschemafordrill-down&reportingtools• Managedandlead8businessanalysts;gainedITengagementonbuildschedulingcommitments

GregSolomon–BankingRegulatoryChangeManagement greg@solomontradeprocessing.comLondonE148BP,+44(0)7771533758

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Banking Risk and Regulatory Change Management – Analysis, Planning, Leadership, Delivery

DeutscheBankProgrammeDirector,MarketRiskIT CounterpartyCreditRisk May-Oct2016

Project:WorkingintheCounterpartyCreditRiskprogrammeforthePcubedconsultancyRole:PMforValuationsModelMigration,BacktestingmigrationandforGroupWideStressTestingupgradestonewpricingmodelsystems.ManagedadevelopmentteaminIndia,BAinGermany,andleadstakeholderengagement

CreditSuisseProgram/ProjectManager,CROChange Risk&FinanceData May-Nov2015

Project:Business-sideprogrammanagerondatasourcingforUSLegalEntityMarketRiskCapitalCalculationsBaselIIIFedreporting(traderouting)forDoddFranksection165viaaUSIntermediateHoldingCompanyRole:EngagedwithallbusinessdivisionstosourcedataneededforthenewmodelsformarketriskcapitalcalculationsandfeedingresultstoFinanceforreportingtotheUSFedwithdataqualitymanagementcontrolsagreedbyworkshopswithRTBRiskOperations.100FTE.ManagedthebusinessChangeManagement&DataSourcingteam.LeadITteamsandtheITdevelopmentplanning.

BarclaysCapitalDeputyTechnologyProgrammeManager BaselIIIRegulatoryProgramme Mar-Jul2012

Project:WorkedinEnterpriseSystemsTechnologyaspartoftheBaselIIIProgrammeManagementOfficeteamRole:Co-leadtheITchangesbyworkingwithCreditRiskIT,MarketRiskITandFinanceIT.Delivered16riskexposureprojects;severalhundrednewserverswererequired.300FTEacross11Technologyareasin3continents

HSBCHoldingsProgrammeReleaseManager RegulatoryLiquidityReporting,GroupFinanceChange Jun-Dec2011

Project:GlobalLiquidityReportingProgramme,Capital&ALMsystemsforGroupFinanceChangeandRegulatory&IASBChangeteam–thelargestLiquidityprojectintheCitywithover300staffRole:Business-sideDeliveryReleaseManagerfortheGroupLiquidityReportingprogrammeforRetail&InvestmentBankingregulatoryreporting.LinemanagedDataValidation&SiteTransitionteams,Prototypedevelopment,BusinessReadiness,GroupFinanceTesting,third-partyvendor,andleadITbuild,datadelivery,andregionalteams

UBSProgrammeManager–ExecDirector FOSecuritieseCommerce Sep’10-Feb‘11

Project:Managedamajornewcross-productecommerceclient-facingwebprogramme(UBSNeo).StrongAgilemethodology.Teamincluded6MDs,80developers,22UXexperts.Drove18workstreamswithbusinessintegration.AlsoappointedSecretariatforCTOforumonnewtechnologystacks:security,messaging,search,historicalpricing

UBSProjectManager–ExecDirector CreditRiskITProgrammeManagementteam threecontracts,Jul2007-Nov2008

Managedsixriskprojects,twofeasibilitystudies,onechangeprogrammeandglobalbatchT+1timingproject,e.g.Project1:PMfor‘close-outperiod’modelsforSyntheticEquitySwaps.Managed14businessanalysts&120ITteam[abbreviatedCV]Permanent career

NomuraInternationalplcITManager Front,middleandbackofficeIT&development,BAU&regulatorychange 1995-99

Role1:BusinessLiaisonManager–DebtMarketsRole2:HeadofDevelopmentforDebtMarketsRole3:HeadofTreasuryIT(concurrentlywithrole2)

Role4:HeadofFrontOfficeAnalysisforDebtandEquityMarkets,andHeadofCross-ProjectCoordinationRole5:EMUProjectManager(IT)Role6:EMUBusinessConsultant

Keyachievementsthroughoutthisperiod:• PMformanyregulatorychanges;actedCompliance’sprocessITpointofcontactandadviser• Newproductprocedures:gaveallITapprovalsforbusinessrequeststotradenewproducts&models

GregSolomon–BankingRegulatoryChangeManagement greg@solomontradeprocessing.comLondonE148BP,+44(0)7771533758

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Banking Risk and Regulatory Change Management – Analysis, Planning, Leadership, Delivery

UBSlimitedDirector,HeadofFixedIncome FO+MOSystemsandQuantitativeAnalytics 1985-95

Startedasthefrontofficequantprogrammer/analystatPhillips&DrewandPDFM,soonUBSandstayed10yearsDirectorofDebtTreasuryDivision–QuantitativeAnalyticalSystemsgroup

Programme:Ownedallfixedincomeandderivativesystems,analyticsanddataintheQuantitativeAnalyticalSystemsgroupacrossRegionEurope,includingdeliveringnewFrontofficetradingsystemswithreal-timerisk,pricingtools,P/L&portfoliohedginganalytics,deliveredMiddleofficemarketriskmanagementandBackofficedeliveredSTPtradefeeds.AlsoresponsibleforallapplicationsysteminfrastructureforDebt/Treasuryfrontoffice

Complete career overview

Frontofficeexperience:• DeutscheBank 2019 RegulatoryChangeLead/ProjectManager–ModelRiskControl• HSBC 2012-14 GlobalProgrammeManager–GlobalBankingSecureDocumentManagement• UBS 2010-11 SecuritiesClienteCommerceProgrammeManagement(UBSNeo)• HSBC 2010 SeniorProjectManager–GlobalCapitalMarketstradingandecommerce• NomuraIntl 1996-99 HeadofFrontOfficeAnalysis(Debt&EquityMarkets)• NomuraIntl 1995-96 HeadofDevelopment–DebtMarkets• UBS 1987-95 Director,EuropeHeadofFixedIncomeSystemsandAnalytics• Phillips&Drew 1985-86 GiltsDepartmentProgrammer,andFinancialFuturesandMoneyMarketsRiskManagementexperience:• Inter-DealerBroker 2018 OTFregulatoryapprovalforanInterdealerbrokerclient–ICAAP,ILAAP&MiFID2• UBS 2017 GroupRiskChange:LeadPM,BCBS239GroupCreditRiskReporting–alldivisions• DeutscheBank 2016 ProjectManager,MarketRiskIT–CounterpartyCreditRiskValuations• CreditSuisse 2015 Program/ProjectManager,CRORisk&FinanceData–IHCCapitalCalculations• BarclaysCapital 2012 DeputyBaselIIITechnologyProgrammeManager–Market&CreditRisk,Finance• UBS 2007-08 CreditRiskProjectManager–GlobalRiskIT• Abbey 2005-07 RiskBusinessAnalyst,BaselIIRiskteam–CreditRisk• HBOSTreasury 2003-04 BaselIICreditRiskTechnologyWorkstreamsProjectManagerFinanceexperience(plusNomuraandBarclaysCapitalabove):• MiuraDevelopment 2020-21 RegulatoryConsultant–MiFID2Remediationconsultancydevelopment• MiuraDevelopment 2018-19 RegConsultant–Inter-dealerbrokerclientXPSecurities–ICAAP,ILAAP&MiFID2• HSBC 2011 LiquidityReportingProgrammeReleaseManager,GroupFinanceChangeTreasuryexperience(plusUBSin2008andXPSecuritiesin2018):• Eggplc 2004 InterimTreasuryITManager–EggTreasury• WarnerBros 2001-02 ProjectManager–EuroConversionforTreasuryandfivebusinessdivisions• NomuraIntl 1995-97 HeadofTreasuryITBackofficeexperience(plusNomura&Eggabove):• GNI 1999 EquitysettlementoperationsPM,CorporateActions,Dividendprocessing,GLOther/ITexperience:• Cazenove 2000 InterimProgrammeManager–GlobalMessagingServices

Outside work interests, Non-Exec and Voluntary work

Hobbies:Croquet(referee),Fireworks(C&GBPAtrained),Harley-Davidsons,singing,bonfiresocietiesCharityTrusteeshipsandvoluntaryworkatHestiaHousing&Support(trustee2003-10includingFinanceSubcommitteefor9years,andcurrentlyontheDigital&ITSubcommittee),HastingsBonfireTrust(trustee2012todate),OperaSouthEast(trusteeandcompanysecretary2012todate),ChristChurchIsleofDogsPCC-DeanerySynodrepresentativetoHackneyArchdeaconry(2020todate),GovernoratSt.Luke’sCEPrimarySchool,IsleofDogs(2020todate),previouslyStStephen’sChurchPCCWestEaling(ChairofFinanceworkinggroup;ChairofEducationWG).FRSAFellowoftheRSA(RoyalSocietyfortheencouragementofArts,Manufacturers&Commerce,2004todate)MIIMMemberoftheInstituteofInterimManagement(accredited2020)GregSolomon–GregoryDavidPhilipSolomon,FRSA,MIIM.FullCVlink:solomontradeprocessing.com/Greg_Solomon.pdf