Adam Steinbeck

Experience

• 

  WESTERN AUSTRALIAN TREASURY CORPORATION

  Dec 1998 - Dec 1999

  Graduate Officer

  Company Information The WATC is the primary fundraiser and financial services provider for the Western Australian public sector.ResponsibilitiesPrimarily involved in client liaison for the purpose of producing or modelling loan repayment schedules.

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  Reserve Bank of Australia

  Feb 2000 - Feb 2006

  Between 2003 and 2006 involved in the RBA's largest trading system implementation to date (OpenLink's comprehensive 'Findur' platform). - attended 3rd party vendor presentations and helping choose the successful OpenLink vendor;- documented legacy system risk measurement concepts and measures. Also produced business specs for a bolt-on Market Risk VAR system module;- configured the live pricing and market curve functionalities;- upgraded a variety of Excel-based output reports- performed UAT of Findur's live pricing functionalities and Risk Manager modules;- assisted with the troubleshooting of the UAT phase of the bond and FX trading P&L reports;Two years from December 2004: Assisted the MTM and portfolio reporting implementation stream for the bank's bond and repo collateral portfolios. Led a team of up to three programmers, providing them with detailed technical specifications and answering queries in relation to financial market repricing and mark-to-market reporting. Until mid-2005, I was also administrator of the various counterparty and product limits for the global trading desks. Tasks included setting and maintaining limits for international counterparties. I also produced counterparty turnover, RWA and limits reports.In 2004, gained responsibility for determining credit eligibility of collateral issuers of interest to the Australian bond desk. Show less Initially in charge of updating and reconciling accounting data (mostly outright bond and derivative market values) for later dissemination to the Australian Bureau of Statistics and the IMF. Worked with strict weekly, monthly, quarterly and annual reporting cycles. Also assisted with the checking of annual report data. Projects included ongoing analysis of the Bank's market risk-modeling and performance measurement systems. This included an annual review of the market Value at Risk ("VAR") modeling outcomes in the bond markets.Daily duties included the daily running, troubleshooting and cross-checking for a number of portfolio reports. These reports related to the performance and relative risk of the Australian foreign reserve portfolio against a number of specialized benchmarks. The risk report noted the daily market VAR and dollars-at-risk of the offshore trading desks, asset allocation decision and the G3 currency trading desk.Maintained a variety of SQL database tables and Excel macros. Show less

  • Senior Analyst

    Jul 2003 - Feb 2006

  • Portfolio Analyst

    Feb 2001 - Jun 2003

  • Analyst

    Feb 2000 - Feb 2001
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  Deutsche Bank AG

  Mar 2006 - Jul 2010

  Credit Risk SystemsInternal transfer into the "Augeas" Risk Change Projects team, which between late 2008 and December 2009 halved the volume of EPE processing failures in Deutsche's global derivatives portfolio. This has saved the bank approximately 10 billion of credit risk RWA and produced a measurable increase in the Bank's overall capital ratio.Utilized my credit risk production and analysis experience to act as the primary RWA and risk systems SME within the team. Have helped project manage over 350 action items linking RWA data processing exceptions to a spectrum of underlying and overlapping causations. As Project Stream lead, coordinated the analysis and remediation of up to 35k EPE exceptions occurring in the Global Markets Equities ("GME") business. Gained strong PMO experience, having developed and maintained a database of 100k+ trades with processing failures linked to over 100 ongoing failure trends. Grouped and translated evolving issues into a monthly MS PowerPoint MIS pack. Attended regular senior management meetings, as lead project analyst, to add detail on current project phases and to gauge how changing business priorities will impact the MIS pack.Have actively liaised with the Regulatory Modelling team to ensure their book of work remains aligned with project goals.Since September 2009, Augeas has rolled into a second phase that links into a wider financial reporting integration and data quality project. Currently working with and guiding a team of business analysts to review around 6 million risk field adjustments with potential financial reporting impact. Facilitated remediations of more than a quarter of these within my first few months, and am tracking fixes for a further 50%.Provided initial coaching and ongoing support to my analyst backfill. Show less Assisted the spec, UAT and implementation of a pilot project creating the first credit risk flow in Deutsche Bank directly aligned with the balance sheet submissions. This London pilot feed was eventually cloned for further use in both NY and Singapore. The resulting "FCL" product has since been successfully rolled out across all other major source feed platforms in the bank.Upgraded and refined the data quality V&C process applicable to FCL-fed data, including linking trade economics issues back to the balance sheet reconciliation process.Coached and mentored the summer 2008 intern, who assisted with production activities.Leveraged understanding of non-recourse financing to detect under-collateralizations in the GME derivatives business. Removing these reduced total credit risk RWA for the business by approximately 20%.Sat on fortnightly equity structuring meetings to assist RWA prevention by feeding Basel II RWA knowledge back into the structuring process. Show less Specialized in the production and analysis of Basel I RWA risk data from the GME business. Products included equity derivatives, cash equities, SFT, etc. Utilized internal systems to validate and cleanse data quality issues. Reconciled credit risk data flows against the official balance sheet for bank deposits and cash equity products.Validated RWA trends and movements in cooperation with GME analytics areas in London, NY and Singapore during the production window. This culminated in a monthly report of tailored analysis output that was presented to a meeting of GME analysts and management.Liaised with product and financial controllers to follow up and upstream detected data quality issues. Show less

  • Project Analyst

    Feb 2009 - Jul 2010

  • Derivatives Analyst /Risk Controller (Assistant Vice President)

    Feb 2008 - Aug 2009

  • Derivatives Analyst /Risk Controller (Associate)

    Mar 2007 - Feb 2008

  • Derivatives Analyst /Risk Controller

    Mar 2006 - Mar 2007
• 

  Credit Suisse

  Aug 2010 - Apr 2012

  Business Analyst

  Supporting the OTC derivatives businesses of the CS investment bank:- maintain and trouble-shooting functional specs of the various data streams.- querying and troubleshooting both Basel-specific and Financials data.- assisting with production issues and queries.Separately I work on a project remediating downstream risk adjustments in EPE data streams with upstream data improvements and automations.Further, I am performing ongoing work on structure-analyzer and trade notional calculation layers to improve overall data quality. Show less

• 

  HSBC

  Apr 2012 - now

  - Lead the implementation of SA-CCR data sourcing and modelling requirements across a 1 million plus trade derivatives portfolio.- EMIR collateral project support - providing initial business requirements and facilitating post-implementation cleanup: adjustments, remediation tickets and security static sourcing.- Documented the collateral data flow and processing across all business lines reported by the team. - Attending ISDA consultation meetings as the HSBC data SME.- Assisted British, French, Saudi, Dubai, Hong Kong and Canadian business units with their respective SA-CCR regulation calculations and reporting requirements. Show less - Subject matter expert on the SA-CCR Basel regulation.- Provided UAT feedback to Moody’s Analytics for their standalone SA-CCR calculator.- Designed templates to extract and pre-process the HSBC derivatives, netting and collateral portfolios into an SA-CCR data dictionary format. Then provided specs for the transition of this pre-processing into both the iWay and Pentaho big data environments.- Produced exposure and RWA projections for Group Finance and front office teams.- Facilitated the migration of SA-CCR calculation into the Moody’s Analytics ‘Risk Authority’ software for both the EU and Hong Kong regulatory environments. Show less

  • Senior Business Analyst /Project Manager

    Mar 2022 - now

  • Reporting & Developments Manager, Group Regulatory Reporting (via limited company directorship)

    Mar 2020 - Mar 2022

  • QIS analyst (via limited company directorship)

    Jun 2017 - Mar 2020

  • Basel III Analyst (via limited company directorship)

    Apr 2012 - Jun 2017