MS Office
Matthew Rimmer
Credit Risk Manager
Summary
I am a credit risk manager with experience in building risk infrastructures (e.g., potential exposure, default probability modeling, and governance frameworks) from inception in buy and sell-side roles. I can demonstrate a consistent business orientation in my work by targeting incremental improvements that facilitate new business. I have successfully led and motivated analytical teams based in financial centers across the globe through effective hiring, development, and remuneration decisions. I have managed multiple projects successfully, from minor model enhancements through to global transformation of franchise-wide infrastructure. I have clear communication, the ability to adapt to audiences confidently ranging from regulators and executive risk managers to trading teams and quantitative analysts.
Overview
2
2
Languages
3
3
Certifications
7
7
years of post-secondary education
14
14
years of professional experience
Work History
Head of Credit Risk
HSBC Global Asset Management
09.2015 - Current
- Managed a multi-year funded project establishing an effective control framework for Counterparty Credit Risk, from quantitative components through a global policy framework.
- Developed code-based applying risk methodologies and data extraction in open source software that can be distributed at a scale. That works with incomplete and inaccurate data significantly raising the effectiveness of risk teams and reducing time to achieve deliverables, raising efficiency and performance measures.
- Created data requirements and constructed a framework for global data management and exposure quantification. To deliver phase 1 and phase 2 deliverables.
- Executed risk crisis simulation event to test internal control framework. (‘failure-to-pay event for major counterparty) coordinated across 7 global locations requiring the participation of 50 colleagues across risk, legal, investment, and operations functions.
- Collaborated with Investment Risk management to develop a Liquidity Risk framework.
Vice President Risk Analytics
Barclays Investment Bank
09.2012 - 09.2015
- As part of the Basel III program, enhanced and implemented a new operating model focussed on cross-discipline interaction to deliver a robust risk management and regulatory compliance.
- Regular interaction with Credit Risk Trading, Regulatory Liaison, IMM Model Monitoring, Quantitative Analytics, Market Risk and Basel III project managers ensure successful plan execution that is regulatory compliant and raised value added by the risk function.
- Collaborated with traders and quantitative analysts to identify the correct methodology to value and risk pre-deal. Dual digital, worst-of-two, and worst-of-three currency options, enabling higher trading volumes and revenues within a stronger, regulatory compliant control framework.
Global Head of Credit Risk
Aberdeen Asset Management
04.2010 - 09.2012
- Built infrastructures to capture clients' instantaneous LGD to model forward exposures using EE, PFE, EPE, EEPE, M, MPR, and Collateral Return risk metrics. Combined with the PD methodologies, this enabled independent management of clients’ economic credit risk.
- Created a governance framework for client credit exposures, including a Credit Risk Committee and a Global Credit Risk Policy.
- Built the internal liquidity risk and capital allocation models. That were used in group ICAAP submissions and approved by the UK regulator.
- Proven ability to recruit and develop professional staff across various countries.
Senior Credit Analyst
Aberdeen Asset Management
09.2009 - 03.2010
- Built, tested, and authenticated a bank counterparty/issuer PD model, for internal standalone and sovereign credit ratings.
- Built, tested, and authenticated quantitative point-in-time and through-the-cycle PD tools using common equity and CDS spread data.
- Credit risk models verified by the UK regulator during ARROW visits and by the appointed auditor during capability assessments.
FICC Portfolio Analyst
Dresdner Kleinwort Investment Bank
08.2007 - 09.2009
- Worked with Exotic Credit Derivatives business, managing risk in structured credit (CDO & CMBS) and correlation (NTD) books.
Education
Ph.D. - PhD. Cognitive Psychology
University of Southampton / Chichester
06.2005 - 11.2006
Master of Science - MPhil. Cognitive Psychology
University of Chichester
01.2003 - 06.2005
Bachelor of Science - BSc. (1st Class Hon.) Sport Sciences
University of Portsmouth
09.1999 - 07.2002
Skills
Leadership
Data Analytics
Design Thinking
Machine Learning
Robotic process engineering
Quantitative Finance
Trade Risk Management
Certification
Chartered Financial Analyst (CFA), Level 3 Exam
Software
Murex
Imagine
FactSet
Phoenix
Additional Information
MPhil. / PhD. Scholarship:
Best Research Proposal — University of Chichester Jan. 2003
John Wiley Prize:
Best Research Project — University of Portsmouth Jul. 2002
Timeline
Head of Credit Risk
HSBC Global Asset Management
09.2015 - Current
Vice President Risk Analytics
Barclays Investment Bank
09.2012 - 09.2015
Chartered Financial Analyst (CFA), Level 3 Exam
06-2011
Chartered Financial Analyst (CFA), Level 2 Exam
06-2010
Global Head of Credit Risk
Aberdeen Asset Management
04.2010 - 09.2012
Senior Credit Analyst
Aberdeen Asset Management
09.2009 - 03.2010
Chartered Financial Analyst (CFA), Level 1 Exam
12-2008
FICC Portfolio Analyst
Dresdner Kleinwort Investment Bank
08.2007 - 09.2009
Ph.D. - PhD. Cognitive Psychology
University of Southampton / Chichester
06.2005 - 11.2006
Master of Science - MPhil. Cognitive Psychology
University of Chichester
01.2003 - 06.2005
Bachelor of Science - BSc. (1st Class Hon.) Sport Sciences
University of Portsmouth
09.1999 - 07.2002