Rafael Espana, CFA

Experience

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  BBVA Horizonte

  Jan 2007 - Jun 2007

  Investment Intern

  Data analysis and performance attribution analysis of investment portfolios

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  Colfondos S.A.

  Jun 2007 - Oct 2010

  Management, proposal and execution of trading orders for the pension funds' equity portfolio * Equity Research of local securities (Colombia) from a buy side perspective (bottom-up analysis)* Cash flow sensitivity analysis of the companies in which the portfolios had investments using a top-down approach (e.g. sensitivity analysis to changes in cost of equity, sovereign CDS, economy growth perspectives or working capital improvement) Execution of orders proposed in the morning committees by the research team and p. managers • Portolio liquidity management (more than COP$7 trillion / US$3,5 billion).• Performance attribution modelling and analysis

  • Equities Portfolio Management

    Jun 2010 - Oct 2010

  • Research Analyst

    May 2009 - Aug 2010

  • Junior Portfolio Manager

    Jan 2008 - Apr 2009

  • Intern - Liquidity Management

    Jun 2007 - Dec 2007
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  Interbolsa

  Nov 2010 - Feb 2013

  • Analysis of local structured securities (ABS) in order to help both traders and clients to gain a better understanding of risks and features related to each securitized asset• Analysis of value arising in new offers made in the local fixed income market (colombian peso denominated corporate securities) in order to participate in price fixing processees (dutch auctions).• Analysis of arbitrage opportunities arising in CMOs issued by Titularizadora Colombiana (TIPS) Equity research of local securities (Colombian utilities) from a sell side perspective (bottom-up analysis)

  • Senior Fixed Income Analyst

    Feb 2012 - Feb 2013

  • Senior Equity Analyst

    Nov 2010 - Jan 2012
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  Serfinco comisionistas de bolsa

  Jan 2014 - Sept 2015

  Senior Equity Analyst

  Production of equity research in both english and spanish aimed at local and helping international institutional investors to help them invest in the most profitable and sustainable companies in the Colombian public market.

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  Lentesplus.com

  Apr 2016 - Sept 2017

  Chief Financial Officer

  I was responsible for managing the financial actions of the company. My main duties included the coordination of the company’s financial planning, production of financial statements, managing the tax related activities in each country where the company operates and structuring the capital budget of the company.

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  Corficolombiana

  Feb 2018 - May 2023

  Corporate Finance Research Director

  I managed a research team aimed to increase brand awareness of both 1) the company's investment bank and 2) the group investment trust funds among our corporate finance customers. We produced corporate-finance related content (research reports, webinars, podcasts) that we made public by using company's webpage, social media, email and inbound marketing strategies. My team not only helped the investment bank to improve its business proposals and origination process but it’s main objective was to answer questions such as:• Should your company be looking for financing via debt capital markets?• Is this the right moment to do it so?• Should your company implement a derivatives overlay strategy in order to reduce its cash flow volatility?• What products of our investment trust unit can help your company to implement a sound cash management strategy?• What is the optimal capital structure of the company?For more information please click here -> https://www.investigaciones.corficolombiana.com/finanzas-corporativas?tab=webinars-y-videos Show less

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  Scotiabank

  Jan 2024 - Jul 2024

  Analyst - Global Risk Management

  • Data clean up and financial analysis of syndicated loans and transactions originated globally.• Migration of financial information related to loans and leases originated by the international banking team to a new adjudication tool.• Act as support for the strategic projects that the global risk management team develops

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  EQ Bank | Equitable Bank

  Jul 2024 - now

  Senior Analyst, Treasury Consulting

  • Manage Asset Liability Management (ALM) modeling for a ~$6B portfolio of credit union clients, advising on interest rate risk, liquidity, and capital management at an AVP level.• Provide strategic oversight of IRR reporting to ALCO, the Board, and regulatory bodies, influencing decisions on key metrics such as earnings at risk (EAR) and economic value of equity (EVE).• Develop balance sheet forecasts and rate movement assumptions, delivering insights that improve profitability and capital positioning. Show less