Marcus Phillips

Experience

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  HW Fisher, part of the Sumer Group

  Aug 1996 - Jul 1998

  Trainee Chartered Accountant

  • Prepared and finalised statutory accounts for limited companies, contributing to smooth reporting processes.• Audited a range of profit and not-for-profit organisations, gaining a strong foundation in accounting standards and practices.

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  NatWest

  Oct 1998 - Aug 2001

  • Reconciled management and statutory balance sheets for NatWest, ensuring smooth integration into RBS’s systems.• Mapped NatWest products to the RBS chart of accounts, improving data flow and system integration.• Designed an interface to automate reconciliation processes, removing manual effort and reducing errors during the migration. • Created Weighted Risk Asset (WRA) figures for the Bank of England, improving regulatory compliance and reporting accuracy.• Led a project to increase production frequency of (WRA) figures, reducing the reporting cycle time from quarterly to weekly.• Generated and reconciled monthly and weekly figures for NatWest and RBS Head Offices, ensuring consistency and accuracy. • Reconciled accounting output to development systems, ensuring smooth transitions and accurate reporting.• Created reports and outputs for new accounting software, improving financial data flow and accuracy.• Designed automated feeds and system outputs, reducing manual intervention and improving reporting efficiency. • Generated monthly balance sheet and P&L for NatWest UK Board, providing senior management with critical financial data.• Liaised with NWUK business units to resolve issues and provide clear and transparent commentary to management.

  • Senior Project Accountant - NatWest to RBS Migration Project

    Feb 2001 - Aug 2001

  • Senior Assistant Manager Asset and Liability Management Accounting

    Nov 1999 - Jan 2001

  • Assistant Project Manager in Management Accounting Projects

    Mar 1999 - Oct 1999

  • Finance Officer Management Accounts

    Oct 1998 - Feb 1999
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  Dresdner Kleinwort Wasserstein

  Dec 2001 - Jun 2003

  • Co-ordinated the creation of a Trading Book Daily P&L function, enhancing oversight of loan portfolio instruments.• Produced post-implementation daily trading P&L for a range of debt instruments, ensuring traders receive accurate data.• Verified prices for Credit Derivatives and Bonds, ensuring accurate valuations and data integrity.• Developed comprehensive reports and processes for Credit Trading book, improving the transparency and timeliness of data. • Produced the Banking Book Balance Sheet on time and accurately, ensuring compliance with financial reporting standards.• Reported Risk Weighted Assets and provisions, contributing to better risk management and decision-making.• Produced quarterly/yearly returns and analysis of multinational corporate banking, supporting head office decision-making.

  • Project Accountant Capital Markets Product Control

    Sept 2002 - Jun 2003

  • Senior Accountant Capital Markets

    Dec 2001 - Aug 2002
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  BP

  Oct 2004 - Mar 2005

  Trade Control Analyst – Power and Gas Trade Control

  • Calculated and reported daily P&L and balance sheet exposure, enabling management's ability to assess risk and performance.• Provided independent checks on market valuations and pricing, ensuring accuracy and consistency in reporting.

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  KOCH METALS TRADING LIMITED

  Mar 2005 - Jun 2005

  Metals Trading Controller - Contractor

  • Produced daily P&L reports for both physical and derivative metals trading, providing insights into trading activities.• Provided detailed explanations of daily P&L movements and position changes to traders, enabling better decision-making.

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  HSBC

  Jun 2005 - Aug 2005

  Product Controller Currency Options - Contractor

  • Coordinated the production and reporting of daily Currency Options P&L, maintaining the accuracy and timeliness of reports.• Reconciled currency trade data between front and back-office systems, ensuring consistency and accuracy across platforms.

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  BNP Paribas Fortis

  Feb 2007 - Dec 2010

  • Produced month-end financial reports for the UK Branch, ensuring timely and accurate P&L and Balance Sheet statements.• Streamlined reporting of UK Branch and subsidiaries' financials to twin Head Offices, ensuring timely and accurate delivery.• Improved profitability analysis by assessing Fixed Income, Commodities and Derivatives, supporting management decision-making.• Led successful system enhancements in multiple roles, improving reporting accuracy, efficiency, and compliance.• Improved profitability analysis by assessing Fixed Income, Commodities and Derivatives, supporting management decision-making.• Resolved financial discrepancies by liaising with UK Business Units and Group Head Office, reducing reporting errors.• Reinforced credit risk process by ensuring accurate reporting and treatment of non-performing clients in line with bank policy.• Strengthened risk management by leading the substantiation of the London Balance Sheet, ensuring Branch compliance with best practice.• Oversaw the preparation and distribution of UK subsidiary results and board packs, facilitating decision-making at senior levels. Show less

  • Senior Financial Accountant

    Sept 2005 - Dec 2010

  • Senior Project Analyst - Core Banking System Migration Project

    Feb 2009 - Nov 2009

  • Senior Project Analyst - Metals Trading Project

    Feb 2007 - Oct 2007
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  BNP Paribas

  Jan 2011 - May 2017

  • Reported BNPP London Branch’s Balance Sheet and P&L disclosures to Head Office, ensuring compliance with IFRS standards.• Coordinated with Head Office to incorporate new reporting requirements, improving the relevancy and reporting accuracy.• Produced and reported FINREP Regulatory disclosures for the ECB on a quarterly basis, ensuring compliance with regulations.• Managed quarterly reporting of UK Branch Assets under the new IFRS9 standard, ensuring compliant and consistent reporting.• Led the reconciliation of Credit and Accounting data, supporting the accurate assessment of IFRS9 on the branch’s statements.• Collaborated with project teams to accelerate reporting cycles for FINREP, IFRS13 and IFRS9, resulting in faster timescales.• Produced monthly management accounts for the Management team, providing insights on performance and decision-making.• Served as the first point of contact for accounting issues from Head Office, offering timely resolutions and explanations. Show less

  • Senior Financial Analyst Head Office Reporting

    Dec 2013 - May 2017

  • Senior Financial Analyst Subsidiary Reporting

    Jan 2011 - Nov 2013
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  Standard Chartered Bank

  Jun 2017 - Aug 2019

  • Initiated and successfully delivered multiple automation projects, partnering with the Rapid Development Team to streamline financial reporting processes and enhance operational efficiency.• Developed automated tracker to monitor and address business unit queries, improving response times and accuracy.• Launched a workflow project for capturing CFO quarterly commentary, enhancing data analysis and streamlining reporting.• Implemented an accounting issues and post-Balance Sheet events tracker, improving the scope of reporting and reducing risk.• Delivered an impromptu solution for IFRS9 adjustments, ensuring understanding of reporting requirements across reporting units.• Standardised static data across reporting units worldwide, improving the consistency of financial reporting across the Bank.• Resolved issues related to reporting Encumbered Assets, ensuring compliance with regulations and improving report integrity.• Collated and verified Conduct Cost data for PRA Global Stress Testing, ensuring data integrity and compliance with regulations.• Built collaborative relationships with Finance teams across the Group, driving reporting improvements and streamlined communications. Show less • Prepared the Credit section of the SCB Annual Report, ensuring clarity, accuracy, and compliance with regulations.• Delivered financial analysis to senior management, supplying insights to drive the business and aid decision-making.• Acted as a key point of contact for reviewing and challenging data to ensure the highest standards of control and accuracy.• Monitored and met Group reporting deadlines, ensuring all outputs were timely, accurate, and aligned with corporate goals.• Consulted with the Policy team on new reporting requirements, ensuring smooth implementation of changes and updates.• Oversight of the credit reporting process for country finance teams, facilitating accurate consolidation and IFRS compliance.• Worked closely with Group auditors to resolve accounting issues and support the completion of the audit. Show less

  • Senior Manager - Projects, Group Financial Reporting

    Oct 2017 - Aug 2019

  • Senior Manager Group Financial Reporting

    Jun 2017 - Oct 2017
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  CIC

  Sept 2019 - Feb 2025

  • Founded and led the PMO, developing a comprehensive project framework, templates and processes, enhancing project effectiveness and efficiency across projects and the branch.• Established the PMO as the project SME, providing expert guidance and support throughout the project lifecycle, ensuring alignment with business goals and best practices.• Successfully delivered high-impact initiatives, including the implementation of CRM systems, Project Management tools, and Employee Appraisal systems, improving operational workflows and employee performance tracking.• Led the onboarding of critical SaaS solutions such as TPRM and BCM cloud applications, addressing critical Branch issues and improving supplier risk management and business continuity.• Conducted thorough Business Analysis, documenting front to back-office team processes and mapping end-to-end workflows from front to back-office teams, identifying opportunities for improvement and automation.• Chaired the Project Steering Committee, engaging stakeholders to drive strategic decisions, resolve issues, ensure alignment with goals.• Coordinated and tracked all major branch projects, ensuring milestones were met and consistently delivering results on time.• Compiled and shared project performance data, including KPIs and progress updates, ensuring transparency and accountability.• Monitored project risks by utilising issue logs, risk reports, and budget reviews to mitigate potential disruptions.• Provided regular project updates to Management, presenting progress overviews and aligning initiatives with long-term goals.• Ensured adherence to the highest project governance standards, driving consistency and quality across all teams and projects.• Managed the Branch project roadmap, aligning projects with strategic goals and ensuring resource allocation supports priorities.• Contributed to the Branch strategic plan, synthesising planning seminar input to create a vision for future growth and direction. Show less • Led the Finance team through a critical transition, providing essential leadership during a challenging period, ensuring continuity.• Submitted IFRS, FINREP and FGAAP results to Head Office, maintaining compliance and consistency during a transitional phase.• Prepared and submitted Corporation Tax (CT600), ATED and VAT returns to HMRC, ensuring timely compliance with tax laws.• Collaborated with PWC on accounting submissions, ensuring adherence to financial standards and facilitating smooth audits.• Compiled and validated the Branch Budget pack, ensuring alignment with financial targets and presenting accurate forecasts.• Reviewed quarterly BT statements for the Bank of England, ensuring accurate and timely reporting of regulatory data. Show less

  • Branch Project Manager and Program Planner

    Mar 2020 - Feb 2025

  • Interim Head of Finance (6 months)

    Sept 2019 - Feb 2020