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Seasoned Risk & Credit Professional
Sameer Verma
,
London, United Kingdom
Experience
Other titles
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I'm offering
I have over 15yrs of experience in the investment management industry. Most recently set up the investment risk team at Artemis Fund Managers one UK’s leading fund managers.
• In the nine years prior to Artemis, I ran the risk management team at Cheyne Capital which is one of Europe leading hedge funds with over $6bn in AUM.
• At Cheyne, I helped build a market leading risk function which contributed significantly to strategy of the firm to institutionalise its investor base
• Before that, I worked at Uni Credit where he helped in building the risk management framework for their structured credit business worth over $20billion
• Prior to Unicredit I worked in various structuring roles across Fitch Rating, Morgan Stanley and Helix Financial where he began his career
• I have a MSc degree in Finance from the University of Essex & B.Com Honours degree from Delhi University
• In the nine years prior to Artemis, I ran the risk management team at Cheyne Capital which is one of Europe leading hedge funds with over $6bn in AUM.
• At Cheyne, I helped build a market leading risk function which contributed significantly to strategy of the firm to institutionalise its investor base
• Before that, I worked at Uni Credit where he helped in building the risk management framework for their structured credit business worth over $20billion
• Prior to Unicredit I worked in various structuring roles across Fitch Rating, Morgan Stanley and Helix Financial where he began his career
• I have a MSc degree in Finance from the University of Essex & B.Com Honours degree from Delhi University
Markets
United Kingdom
Industries
Language
English
Fluently
Ready for
Larger project
Ongoing relation / part-time
Full time contractor
Available
My experience
2019 - 2019
job
Interim Head of Investment Risk
Artemis Investment Management.
Developing the Investment Risk Framework for the effective review and challenge of investment
risks across the Firms
* Periodic independent review and challenge in relation to investment selection against fund
objectives
* Oversee the design and development of Fixed income analytical framework to be used to monitor and manage portfolio risks
* Oversee and direct the development/deployment of systems/software necessary to support the monitoring of investment risk (including counterparty risk and derivatives risk) within the firm
* Building a robust risk reporting framework with specific dashboards & management information
reports that accurately capture risk across the firm
* Calibration and periodic review of early warning/soft portfolio risk limits/tolerances appropriate to portfolio strategy and risk profile
* Establish and deliver formal portfolio stress and scenario testing framework
* Production of quarterly investment committee risk reporting, articulating all portfolio risk
Key Responsibilities
exposures vs defined house tolerances and appetite as well as regulatory mandated limits
* Reporting to investment committee and fund boards on current and emerging risk issues.
* Developing strong relationships with the senior stakeholders from around the business.
* Supporting the wider business with quantitative analysis and providing value adding insights.
* Periodic independent review and assurance of 1st line investment risk modelling and associated
process
* Undertake frequent risk model back testing program
* Building an effective liquidity risk management framework
* Production of a detailed gap analysis against ESMA & IOSCO liquidity risk management
requirements
* Determination of business requirements including risk factor identification, LST scenario
definition, data requirements, reporting, monitoring, process & framework definition
* Subject matter expert in UCITS & AIFMD regulations
* Managing & training a Junior member of the team
risks across the Firms
* Periodic independent review and challenge in relation to investment selection against fund
objectives
* Oversee the design and development of Fixed income analytical framework to be used to monitor and manage portfolio risks
* Oversee and direct the development/deployment of systems/software necessary to support the monitoring of investment risk (including counterparty risk and derivatives risk) within the firm
* Building a robust risk reporting framework with specific dashboards & management information
reports that accurately capture risk across the firm
* Calibration and periodic review of early warning/soft portfolio risk limits/tolerances appropriate to portfolio strategy and risk profile
* Establish and deliver formal portfolio stress and scenario testing framework
* Production of quarterly investment committee risk reporting, articulating all portfolio risk
Key Responsibilities
exposures vs defined house tolerances and appetite as well as regulatory mandated limits
* Reporting to investment committee and fund boards on current and emerging risk issues.
* Developing strong relationships with the senior stakeholders from around the business.
* Supporting the wider business with quantitative analysis and providing value adding insights.
* Periodic independent review and assurance of 1st line investment risk modelling and associated
process
* Undertake frequent risk model back testing program
* Building an effective liquidity risk management framework
* Production of a detailed gap analysis against ESMA & IOSCO liquidity risk management
requirements
* Determination of business requirements including risk factor identification, LST scenario
definition, data requirements, reporting, monitoring, process & framework definition
* Subject matter expert in UCITS & AIFMD regulations
* Managing & training a Junior member of the team
Design, Training, Deployment, Risk Management, Management, Support, Monitoring, Testing, Development, Regulatory, Software, Production, Interim, Framework
2015 - 2018
job
Head of Risk
Private Debt.
(Acting CRO)
* Promoted to the Head of Risk in July 2015
* Managing a team of 5 risk professionals
* Designing and implementing the firms risk framework to effectively challenge and shape the investment strategy
* Align the risk outcomes with the investment objectives of the firm's funds across: Real Estate,
ABS, Structured Credit, Private Debt, CLO's & Social Impact Investing
* Developing and Implementing risk management policies & procedures across all the funds
* Building risk models & systems to monitor and measures risk across the across the firm's
portfolio's
* Building the risk reporting framework to create specific risk dashboards to help in the accurate
and timely visualization of risks that can be shared across different stakeholders in the firm
* Producing quarterly and annual risk reviews to provide detailed quantitative and qualitative
analysis of the portfolios to the senior management & board
Key Responsibilities
* Leading the firm's credit committee to ensure that all approved transactions are in line with the Firms Risk Appetite and Investment Strategy
* Prepare an independent assessment and recommendation on the quality of proposed
transactions
* Responsible for building the stress testing & scenario analysis framework to anticipate the impact of market factors, economic cycles & political risk on the firm's portfolio's
* Helping the firm maintain credibility with its principal regulators, by engendering confidence in the firm's risk practices, processes and procedures as well as implementing new regulatory
guidance.
* Keeping abreast with latest developments in risk methodologies & technologies in the market
space
* Acting as subject expect in Cheyne for the regulatory matters (UCITS, AIFMD etc)
* Mentoring and training of members of the risk team
* Promoted to the Head of Risk in July 2015
* Managing a team of 5 risk professionals
* Designing and implementing the firms risk framework to effectively challenge and shape the investment strategy
* Align the risk outcomes with the investment objectives of the firm's funds across: Real Estate,
ABS, Structured Credit, Private Debt, CLO's & Social Impact Investing
* Developing and Implementing risk management policies & procedures across all the funds
* Building risk models & systems to monitor and measures risk across the across the firm's
portfolio's
* Building the risk reporting framework to create specific risk dashboards to help in the accurate
and timely visualization of risks that can be shared across different stakeholders in the firm
* Producing quarterly and annual risk reviews to provide detailed quantitative and qualitative
analysis of the portfolios to the senior management & board
Key Responsibilities
* Leading the firm's credit committee to ensure that all approved transactions are in line with the Firms Risk Appetite and Investment Strategy
* Prepare an independent assessment and recommendation on the quality of proposed
transactions
* Responsible for building the stress testing & scenario analysis framework to anticipate the impact of market factors, economic cycles & political risk on the firm's portfolio's
* Helping the firm maintain credibility with its principal regulators, by engendering confidence in the firm's risk practices, processes and procedures as well as implementing new regulatory
guidance.
* Keeping abreast with latest developments in risk methodologies & technologies in the market
space
* Acting as subject expect in Cheyne for the regulatory matters (UCITS, AIFMD etc)
* Mentoring and training of members of the risk team
Training, Mentoring, Risk Management, Management, Testing, Assessment, Cro, Regulatory, Visualization, Framework, Social, Processes
2008 - 2010
job
Risk Manager
UniCredit Markets & Investment Banking.
* Oversight for EMEA ABS portfolio worth €20 EUR billion
* Provide Risk transparency to senior management, businesses, and regulators
* Recommending risk reduction trades on a single & portfolio level based on credit fundamentals,
relative value analysis & hedging strategies to banks investment management committee
* Managing a team of 2 junior analysts
* Design and implementation of framework for independent valuation and analysis ABS Portfolio
Key Responsibilities
* Design and implementation of cashflow modeling framework valuation and stress testing
* Build and maintain monthly surveillance databases for the portfolio
* Selection and pricing of positions for Aniridia's tender offerings
* Development of the framework for analyzing economic parameters (CPR, CDR, Loss severity & Recovery Lag) effecting valuations of ABS & CDO products
* Performing stress testing & scenario analysis of the Portfolio
* Provide Risk transparency to senior management, businesses, and regulators
* Recommending risk reduction trades on a single & portfolio level based on credit fundamentals,
relative value analysis & hedging strategies to banks investment management committee
* Managing a team of 2 junior analysts
* Design and implementation of framework for independent valuation and analysis ABS Portfolio
Key Responsibilities
* Design and implementation of cashflow modeling framework valuation and stress testing
* Build and maintain monthly surveillance databases for the portfolio
* Selection and pricing of positions for Aniridia's tender offerings
* Development of the framework for analyzing economic parameters (CPR, CDR, Loss severity & Recovery Lag) effecting valuations of ABS & CDO products
* Performing stress testing & scenario analysis of the Portfolio
Design, Management, Cash Flow, Implementation, Testing, Development, Performing, Framework, Manager
2007 - 2008
job
Associate Director- Structured Credit Group
Fitch Ratings.
* Rating structured credit products
* Taking a lead role in transaction analysis to ensure timely and accurate feedback to arranging
banks
* Building cash flow models for the rating of securitizations structures
* Conducting credit analysis of the deal structure & the underlying portfolio to identify the risk and Key Responsibilities
concentration issues within the proposed deal
* Scrutinizing transaction legal documents to ensure compliance with Fitch criteria and models;
* Communicating rating rationale to investors and other market participants through drafting
presale reports and responding to investor queries
* Actively participate in criteria discussions and perform deal testing for criteria changes
* Taking a lead role in transaction analysis to ensure timely and accurate feedback to arranging
banks
* Building cash flow models for the rating of securitizations structures
* Conducting credit analysis of the deal structure & the underlying portfolio to identify the risk and Key Responsibilities
concentration issues within the proposed deal
* Scrutinizing transaction legal documents to ensure compliance with Fitch criteria and models;
* Communicating rating rationale to investors and other market participants through drafting
presale reports and responding to investor queries
* Actively participate in criteria discussions and perform deal testing for criteria changes
Compliance, Testing
2006 - 2007
job
Associate- Structured Credit Product Group
Morgan Stanley.
1. Origination activity: Support the senior structures in the origination of structured credit products
2. Structuring activity: Assisting with the overall arrangement of a securitization, including:
(i) Creation of the financial structure of the transaction;
(ii) Performing analysis on portfolio selection and optimization, to achieve the underlying
objectives of credit enhancement, credit ratings, expected loss composition and credit
spreads
(iii) Negotiation with rating agencies.
Key Responsibilities
3. Sales Activity:
(i) Preparation of marketing material & term sheets
(ii) Managing all the queries coming from the investor base
4. Risk Management:
(iv) Suggest the optimal hedging strategies on trades based on deltas, at a single name and index level, to reduce the overall spread risk and create positive gamma effects
(v) Develop ways to identify risk reducing trades based on combining existing trades
2. Structuring activity: Assisting with the overall arrangement of a securitization, including:
(i) Creation of the financial structure of the transaction;
(ii) Performing analysis on portfolio selection and optimization, to achieve the underlying
objectives of credit enhancement, credit ratings, expected loss composition and credit
spreads
(iii) Negotiation with rating agencies.
Key Responsibilities
3. Sales Activity:
(i) Preparation of marketing material & term sheets
(ii) Managing all the queries coming from the investor base
4. Risk Management:
(iv) Suggest the optimal hedging strategies on trades based on deltas, at a single name and index level, to reduce the overall spread risk and create positive gamma effects
(v) Develop ways to identify risk reducing trades based on combining existing trades
Marketing, Risk Management, Management, Sales, Support, Performing
2004 - 2006
job
Team Leader - CDO & Real Estate Analytics Group
Helix Financial Group Plc.
* Providing CDO modeling, analytics solutions to one the top banks in the U.S
* Bond structuring and pricing solutions
* Conducting CDO (Collateralized Debt Obligations) deal set-up and audits for one the top CDO
Trustees in the U.S
* Providing recommendations to top management for identifying areas of investment within the CDO
Key Responsibilities
market
* Analyzing and preparing synopsis of RMBS deals for investors looking to invest in residential
mortgage market
* Modeling & tying out Cash-flows in respect to fixed/floating multiple tranche RMBS deals for one
the largest trust firms in the U.S RMBS market
ACADEMIC PERFORMANCE
* Bond structuring and pricing solutions
* Conducting CDO (Collateralized Debt Obligations) deal set-up and audits for one the top CDO
Trustees in the U.S
* Providing recommendations to top management for identifying areas of investment within the CDO
Key Responsibilities
market
* Analyzing and preparing synopsis of RMBS deals for investors looking to invest in residential
mortgage market
* Modeling & tying out Cash-flows in respect to fixed/floating multiple tranche RMBS deals for one
the largest trust firms in the U.S RMBS market
ACADEMIC PERFORMANCE
Management, Analytics, UP
My education
University of Essex
MSc, Finance & Management
MSc, Finance & Management
Delhi University
Bachelors, Commerce
Bachelors, Commerce
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