Experience

Klesch Group

• United Kingdom
• Oil and Gas
• 1 - 100 Employee

• Group Treasurer

  • Jun 2021 - Present

  • Management of global settlements in all currencies for Group companies. • Management of bank relationships, completion of KYC, facility negotiations and execution regarding trade finance, debt and revolving facilities for day-to-day business, projects and divestments. • Responsible for all financing and liquidity management through Investment and commercial bank relationships for cash flow, external borrowing and trade finance facilities. • Managing cash and credit lines across all banks, including refinery stock finance and factoring programmes. • Leading the trade finance department covering issuance, receipt and amendment of Letters of Credits/Guarantees – management of supplier LC opening, amendments and customer LC payments to cover crude and product shipments. • Overseeing credit control function, consulting with the accounts department and chasing banks for LC payments. • Treasury lead for the acquisition of Kalundborg refinery (107,000 barrels per day) from Equinor ASA. • Member of team working on the refinancing of the business under the 2022 bond issuance programme. • Liaising with all internal departments and representative offices to ensure complete records for financing instruments, payments and receipts. • Controlling foreign currency risk and completion of hedging trade contracts via approved brokers. • Regular reporting to Board on cash and facility usage, bank charges, products and contracts. • Controlling releasing of cargo held in banks’ names from warehouse for shipment or direct to customers. • Develop and maintain treasury processes and the treasury management system (TMS) for the management of all liquidity for all trading entities. Covering cash management, bank reconciliations, cash allocation, aged debt, FX and cash forecasting requirements. • Implementation of end-to-end audit and control process reporting framework with internal control / external audit. Show less



TotalEnergies

• France
• Oil and Gas
• 700 & Above Employee

• Head of Treasury & Credit

  • Sep 2006 - Dec 2020

  • Successful leadership of Global Credit and Treasury team covering the management of global book. Overseeing the growth of exposure from USD250mm to USD2Bn; managing USD10bn of corporate credit lines and USD20Bn turnover, with a personal delegated underwriting authority of USD180mm covering 1500+ counterparts and third party suppliers (ship owners, charter parties, IT suppliers and support service providers). Design and implementation of credit and Treasury policies. • Management of bank relationships to ensure all liquidity requirements met. Covering all cash management, multi-currency cash pooling, cash allocation and cash forecasting requirements for a group of companies with revenues in excess of USD16bn. Management of corporate FX hedging (USD100mm+) and liaison with Front office on hedging for Trading FX to avoid FX losses.• Directed bank relationships with Total’s senior banking partners for cash flow and external borrowing.• Implementation of 3LOD end to end control process and reporting framework with internal control / audit, department budget (USD2mm) and operational risk within functions to minimise losses, ensuring they remain fit for purpose, are subject to continuous improvement and are enforced by team members to ensure consistent and best practice globally. • Negotiation of trading documentation (ISDA, EFET, MSPA) and management of all security (CSA margining, PCGs, trade finance (SBLC, DLC, Bank guarantee and discount structures), insurance (including Lloyds syndicates) and bespoke structured packages.• Chair of company Credit Risk Committee.• Project lead for for the Engie and Maersk acquisitions, followed by the transfer of the gas and power trading from London to Geneva for treasury and credit.• Chief sponsor of all Credit and Treasury IT projects, controls and initiatives, including the implementation of the global credit and TMS system, implementation credit VAR and on boarding procedures for Credit, Compliance, Treasury and Legal. Show less

• Chairman -Total UK Pension Trustee

  • Mar 2018 - May 2020

  • Primary liaison between Primary Employer (PE) Chairman and Trustee Board and acting as a figure head for the pension fund to scheme members and the PE. Working closely to set the strategic objectives for the UK pension fund. • Co chair of the triennial Valuation sub-committee the with Chair of the PE board, leading all trustee negotiations with the PE regarding benefits and funding strategy. • Manage the employer covenant review with the Group representatives and external advisors (PWC), reviewing the various Upstream, Midstream and Downstream sections of the business to ensure the company is able to mean long term pensions obligations.• Work closed with the Group Pensions department to manage the Trustee relationship with the PE and key advisors including scheme actuary, legal advisors, benefit providers, investment advisors, covenant advisors and scheme administrators. • Restructuring of Trustee Board governance to widen the role of sub committees covering Investment, Valuation, Governance, Administration & Discretions, Audit and Defined Contribution plan, including the arrangement and appointment each sub committee chair. • Chair all Trustee meeting managing the board towards effective decision making, allowing all trustees to air their opinions and casting the deciding vote on issues splitting the trustee.Management of difficult and unruly trustees. Show less

• Pension Trustee - Total UK Pensions

  • Mar 2012 - May 2020

  • Company appointed Trustee Director of UK pension committee and Chairman of the Pension Trustee from 2018 onwards, chairing all pensions trustee meeting responsible for the management of £2.6Bn pension assets. Review of pension performance a pension VAR with investment advisers and actuaries. Restructure of Trustee Board into sub committees to reinforces existing sub committees and establish new subcommittee to improve scheme governance. • Lead negotiations with Principle Employer regarding employer covenant, valuation, hedging policy & deficit recovery.• Head of Pensions Trustee Investment Committee with responsibility to lead decision making on pension fund investments in equity, bonds, property and other more noon vanilla asset classes. • Required working knowledge of Trustee Law, Pensions Law, Pensions and Finance Acts, pension SIP rules and regulatory environment.• Responsible for communication to the active, deferred and pensioner populations with regards to funding of the pension scheme and material issues affecting the scheme. Lead Trustee for Total UK Pensions £1.6Bn pension’s insurance buy in with Pensions insurance Corporation (PIC) including unique and first of its kind collateral structure. • Sit on Governance committee to review all controls and risk associated with the pension funds to avoid a failure of process from advisers, suppliers and trustees. Show less

• Head of Investment Committee

  • Jul 2013 - Nov 2019

  • Chair quarterly meetings between the Investment Committee (IC), principal employer representative, Group representative and advisors to the IC.• Advise the Trustee on the Plan’s long-term strategic asset allocation bearing in mind the overall returns required and assumed as part of the triennial actuarial valuation as well as the Trustee’s policy in relation to Integrated Risk Management (IRM).• Consider the different types of risk within the portfolio and for each type of risk agree an acceptable level of risk and put in place a policy to control the risk, developing a de-risking flight and manage income requirements.• Advise the Trustee on the investment management structure to be adopted within the overall asset allocation of the plan.• The formal management and review of the investment strategy/long term objectives for the Plan’s DC Sections have been delegated by the Trustee Board to the DC Outcomes and Governance Committee (the ‘DCOG’).• To move assets between managers in line with the strategic asset allocation; • Commission feasibility studies for investment projects which are within the IC budget approved by the Trustee on an annual basis.• Recommend for formal approval the appointment and removal of the investment managers, custodians and investment adviser.• Implement projects approved by the Trustee in line with the agreed budget.• Give directions to the external managers on behalf of the Trustee with regard to day to day matters (i.e. non-strategic and not financially significant) requiring the consent of the Trustee or on which the managers seek directions.• To agree and monitor Strategic Objectives with the investment adviser from time to time with whom, the IC will monitor and suggest updates to the Plan’s Statement of Investment Principles.• Ensure effective governance arrangements are in place. Show less



GE Capital

• United States
• Financial Services
• 700 & Above Employee

• Portfolio Manager & Senior Underwriter

  • Apr 2006 - Sep 2006

  Portfolio Manager & Senior Underwriter GE Commercial Finance April 2006 – Sept 2006• UK contact point and project manager for GE’s global Basel II project.• Management of relationships with external credit suppliers including D&B and BvD.• Responsibility for the underwriting of all major corporate credit lines within the UK Business and presentation of them to senior GE credit committees. • Responsible for integrity of all data in the UK platform and key contributor to the UK overall data project.• Management of £0.5Bn blue chip portfolio (including FTSE 100 & DJI Companies).• Provision of risk based marketing techniques to the commercial business.• Member of due diligence team involved in GE’s purchase of Custom Fleet from National Australia Bank.• Manager of 3 people in a credit team as part of the Custom Fleet acquisition.• Implementation of online underwriting system across nine European platforms Show less

• Risk Process Manager

  • Mar 2005 - Apr 2006

  • Responsible for the Portfolio Analysis and Control of the UK portfolio: - • Direct report of UK Credit & Risk Director.• Delivery of Oracle based 6-sigma automated credit line renewal project for the UK.• Design, implementation and delivery of 6-sigma based on-line underwriting system for the European business.• Responsible for the accurate reporting and control of exposure via the UK operating platform and control of UK hierarchy in co-ordination with other European platforms.• Preparation of financial reporting for Risk director and other areas of company management.• Strike zone definition for and maintenance in co-ordination with the UK marketing department. • Conduct investment appraisal with commercial team and management.• Process analysis, design and re-engineering.• Risk based marketing.• Responsible for management operational risk with regard to operating platform. Show less

• Senior Credit Risk Analyst

  • Sep 2003 - Mar 2005

  Responsible for the analysis, underwriting of risk proposals on General Electric Co leases:-Structuring of underwriting proposals for GE Customers.Analysis and interpretation of financial information to assess the credit standing of customers. Negotiation of deal structures with customers.Preparation and submission of pitches for senior management at UK, European and Global level, incorporating credit, asset, pricing, legal and operational risk.Approval of credit lines within delegated authority.Review and control of credit lines.Enforcement of compliance with GE Policies.Liaison with other GE businesses including TLS, TIP, EEF, Property and RailLiaison with marketing department to implement a European Risk marketing strategy for GE. Show less

• Credit Risk Analyst

  • Aug 2002 - Sep 2003

  Analysis and interpretation of financial information to assess the credit standing of customers. Development of reporting processes to monitor the pipeline and credit quality of GE’s customer portfolio.Structuring of credit proposals and deals within the requirements of GE Credit Policy.Approval of credit lines within delegated authority.Preparation and submission of credit pitches for senior management at UK, European and US level.Review and control of existing credit lines.Liaison with Sales, Pricing, Legal and Asset departments in order to ensure acceptable risk profiles for deals.Team member on European customer hierarchy project and Credit Bureau optimisation projects.Preparation of financial reporting for Credit managers, Credit directors and Finance Director. Development of underwriting processes for the provision of credit facilities for remarketing of GE Assets to customers.Economic reporting and commentary. Show less



NAB

• Australia
• Banking
• 700 & Above Employee

• Treasury Risk Manager

  • Mar 2001 - May 2002

  • Treasury Manager responsible for identification and implementation of hedging strategies for clients and underwriting of associated deals: - • Review of clients’ businesses and formulation of risk and hedging strategies.• Analysis and commentary of foreign exchange and debt market trends. • Preparation of credit pitches.• Cashflow forecasting and planning.• Interest Rate, Currency and Commodity Risk Management.• Foreign Exchange and Money Market Dealing.• Pricing of structured derivative products.• Management of client portfolio.• Marketing, including liaison with external professional advisors.• Supervision and coaching of junior staff. Show less

• Business Analyst

  • Aug 1998 - Mar 2001

  • Research and implementation of process improvements following the merging of UK banks, including the Clydesdale Bank, Yorkshire Bank and Northern Bank: - • Back office centralisation and harmonisation. • Re-engineering of bank processes, identification of operational / process risk & workflow modelling. • Implementation of processes for CHAPS and unpaid standing orders.• Development and roll out of on-screen based reporting.• Investment appraisal techniques.• Collation of process information by interviewing bank personnel at all levels.• Identification and assessment of project risks.• Project Management including instruction of other departments, setting and controlling budgets.• Presentation of business cases to senior management and the Executive. Show less



Clydesdale Bank

• United Kingdom
• Banking
• 700 & Above Employee

• Graduate Trainee

  • Aug 1997 - Aug 1998

  • Retail and Business Banking as part of the Graduate training scheme. • Business and retail lending. • Credit control. • Promotion to management grade within 1 year of joining the organisation. • Retail and Business Banking as part of the Graduate training scheme. • Business and retail lending. • Credit control. • Promotion to management grade within 1 year of joining the organisation.