Alper Altay, CFA

Experience

• 

  TSKB | Türkiye Sınai Kalkınma Bankası

  Jul 2007 - Jul 2012

  Treasury Sr. Analyst - Cash Flow Desk

  • Managed and forecasted daily cash flow of the bank in multiple currencies, worked efficiently with small buffer using financial products such as FX swaps, repo and reverse repo, deposits and FX forwards.• Introduced 13-week forecast taking into consideration the capital adequacy ratio, liquidity coverage ratio, reserve requirement ratio and adequate cash reserves. Improved cash reserves hold as buffers by %20 as a result of more granular and forward-looking approach.• Reconciled with relevant units such as FP&A, accounting and loan officers. Led variance analysis and kept constant collaboration on the issues such as payrolls, payables, receivables and capital expenditures. • Worked closely with other banks and counterparties to ensure line of credit availability and explore wholesale banking options. Participated in ISDA and CSA negotiations with global banks after the GFC of 2008.• Recommended new ideas on investing excess cash and borrowing debt in accordance with the investment policy.• Contributed to establish the 1st ever currency warrant trading on stock exchange as TSKB became a market maker. Show less

• 

  QNB Türkiye

  Aug 2012 - Mar 2022

  Head Of FX, Rates & Derivatives

  • Managed FX and rates team of 5 overachieving quota consistently.• Delivered strategic insights to the senior leadership, significantly contributing to long-term financing, investment strategies, balance sheet hedging and hedge accounting.• Built the bank’s in-house online trading platform partnering with Integral – a global liquidity aggregator which generated a volume of $20B/year. • Connected new electronic trading platforms with Straight Through Processing to existing ERP system, improved risk management and operational effectiveness in full lifecycle of trades. • Implemented ICE Data Derivatives treasury management system seamlessly integrating it with the ERP system, FX derivative risk management capabilities, auto and audit trails, separation of duties and full life cycle of trades including SWIFT payments and collateral management. This initiative resulted in enhanced productivity and visibility with a significant reduction in fraud risks and a consistent year-over-year profitability increase of approximately 10% in USD.• Played an integral role in the establishment of the country’s first Overnight Indexed Swap market in 2019 as a leading market maker and since traded more than $5B worth of swaps. • Partnered with liquidity desk and settlements team to ensure operational excellence in managing the cash flow of 500+ transactions done daily.• Expertly managed the exposure of a diverse derivative portfolio including options, forwards, swaps, and spot contracts. Demonstrated exceptional proficiency in FX and interest rate risk management particularly during challenging periods such as 2013 taper tantrum, 2016 Brexit / U.S elections, 2020 Covid shock. • Strategically managed cash balances ranging from $100M to $500M, derived from daily portfolio activities. Ensured strict adherence to investment policies and internal compliance, thereby optimizing financial performance and mitigating risks Show less

• 

  Glacier Fish Company & North Star Fishing Company

  Sept 2023 - now

  Treasury Manager

  • Full ownership of the company’s cash flow and forecasting. Led to a %35 improvement in cash balances and built the company’s long and short-term cash forecasting models, incorporating CAPEX, AP, AR. Optimizing working capital by managing AP and AR effectively.• Leading hedging decisions for FX, interest rate and fuel exposures, using forwards, swaps and options. Established the company’s FX and interest rate hedging strategies.• Managing the debt portfolio consisting of senior and subordinated loans in a capital-intensive industry, constantly working on interest saving and liquidity enhancing strategies. Working closely with the CFO to comply with the debt covenants such as minimum liquidity, minimum EBITDA, fixed charge coverage ratio and leverage ratio.• In charge of GL entries for cash, debt, and derivative hedging instruments for monthly and quarterly financial statements. • Regularly author and publish intracompany white papers on economic outlook, market conditions, financial products, and hedging financial exposures, providing strategic insights to the senior leadership team using Bloomberg terminal.• Driving intracompany collaboration with stakeholders across sales, accounting and procurement to optimize the working capital. Show less