Experience

Jordan International Bank Plc

• United Kingdom
• Banking
• 1 - 100 Employee

• Independent Non-Executive Director of Jordan International Bank Plc

  • Jul 2022 - Present

  Independent Non-Executive Director of this UK bank. Chair their Audit Committee & part of their Risk Conmittee. Independent Non-Executive Director of this UK bank. Chair their Audit Committee & part of their Risk Conmittee.



Citi

• United States
• Financial Services
• 700 & Above Employee

• Consultant based in London

  • Dec 2021 - Apr 2022

  Worked on Citi’s Transformation Project. In particular, consent orders issued by The Federal Reserve Board & The Office of the Comptroller of the Currency relating to risks & controls. Was part of a team split between the US & UK. Worked on Citi’s Transformation Project. In particular, consent orders issued by The Federal Reserve Board & The Office of the Comptroller of the Currency relating to risks & controls. Was part of a team split between the US & UK.



Si Frew Consultancy Sevices Limited

• City of London, England, United Kingdom

• Director

  • Aug 2021 - Dec 2021



Bank of England

• United Kingdom
• Banking
• 700 & Above Employee

• International Banks Supervision Directorate

  • Apr 2021 - Jul 2021

  Undertook National Security Vetting to work on a specialist team in the International Banks Supervision Directorate focusing on capital & credit. During this period I undertook an intense programme of training on the PRA's regime. Undertook National Security Vetting to work on a specialist team in the International Banks Supervision Directorate focusing on capital & credit. During this period I undertook an intense programme of training on the PRA's regime.



Toronto Centre

• Canada
• Financial Services
• 1 - 100 Employee

• Program Leader

  • Oct 2019 - Apr 2021

  Appointed as a Program Leader by the World Bank & IMF funded Toronto Centre in 2019 because of my extensive knowledge & experience of supervision & regulation. However, with that role on-hold because of COVID-19, in 2020 I assisted barristers in London over a landmark banking High Court case involving funds in Lebanon. Appointed as a Program Leader by the World Bank & IMF funded Toronto Centre in 2019 because of my extensive knowledge & experience of supervision & regulation. However, with that role on-hold because of COVID-19, in 2020 I assisted barristers in London over a landmark banking High Court case involving funds in Lebanon.



Cayman Islands Monetary Authority

• Cayman Islands
• Financial Services
• 100 - 200 Employee

• Banking Consultant

  • Apr 2017 - Sep 2018

  Supporting the Authority to prepare for a Caribbean FATF visit (updating and expanding anti-money laundering/combating the financing of terrorism (‘AML/CFT’) policies & procedures; working on banking & payment services peer group analysis). Leading a project to develop a Risk Based Supervisory Approach across all the areas the Authority regulates in Cayman Islands (eg banking; asset management; insurance etc). Supporting the Authority to prepare for a Caribbean FATF visit (updating and expanding anti-money laundering/combating the financing of terrorism (‘AML/CFT’) policies & procedures; working on banking & payment services peer group analysis). Leading a project to develop a Risk Based Supervisory Approach across all the areas the Authority regulates in Cayman Islands (eg banking; asset management; insurance etc).



Promontory, a Business Unit of IBM Consulting

• United States
• Financial Services
• 400 - 500 Employee

• Bank Consultant

  • Aug 2016 - Apr 2017

  Advising the senior management of a large Cyprus bank over how to address the Central Bank of Cyprus’ concerns regarding anti-money laundering/ combating the financing of terrorism (“AML/CFT’”) and dealing with sanctions & compliance more generally. This included revising policies & procedures, assisting the bank to deal with AML/CFT red flags & sanctions and a very large customer file remediation exercise. Advising the senior management of a large Cyprus bank over how to address the Central Bank of Cyprus’ concerns regarding anti-money laundering/ combating the financing of terrorism (“AML/CFT’”) and dealing with sanctions & compliance more generally. This included revising policies & procedures, assisting the bank to deal with AML/CFT red flags & sanctions and a very large customer file remediation exercise.



QFC Regulatory Authority

• Associate Director

  • Nov 2005 - May 2015

  Associate Director responsible for International Banking Supervision (eg JP Morgan, Goldman Sachs, Deutsche etc) and, in the last few years, some of the QFC’s largest Islamic banks. This included undertaking detailed reviews of applications for Authorisation made by Middle Eastern and International firms and assisted firms to develop policies & procedures compliant with the QFC’s regulations and rulebooks. Led meetings and on-site review visits including anti-money laundering/ combating the financing of terrorism focused reviews. Developed risk-based supervision plans for banks and asset management firms.



Bermuda Monetary Authority

• Head of Banking & Trust Supervision

  • Jul 2000 - Oct 2005

  Responsible for the teams supervising Bermuda’s banks, deposit companies, trust companies and credit unions. This included developing an extensive training programme for staff with no previous regulatory experience. Developed and implemented policy regimes relating to new banking legislation that came into force in 2000 and new trust legislation in 2002. At the end of my time at the BMA I was also working on Bermuda’s regime for money service providers. Responsible for overseeing substantial changes in the Bermudian banking sector including the licensing of Bermuda’s first new bank for over 15 years and the acquisition of Bermuda’s largest bank (which was a leading provider of fund administration, trust, custody, asset management and private banking services) by HSBC. Responsible for implementing Bermuda’s on-site supervision regime and led all of my department’s on-site review visits (for banks and trust companies) in Bermuda and other jurisdictions (eg London, Dublin, Hong Kong, Cayman Islands, Bahamas, Singapore, Luxembourg, Channel Islands etc). Member of the BMA’s Authorisation & Licensing Committee which reviewed all banking, trust and asset management licence applications, as well as situations where the BMA was considering exercising formal powers.



Financial Services Authority (“FSA”)/Bank of England

• London, United Kingdom

• Associate, Banking Supervision

  • Oct 1995 - Jun 2000

  Worked on a team responsible for the supervision of UK banks reviewing compliance with the UK regulatory regime including capital adequacy and liquidity requirements; regulatory meeting with key management within these banks to understand, for example, the implications of any strategic developments; and assisting with policy questions. Helped to implement the FSA’s risk based banking supervision framework including leading visits and risk reviews for a large number of banks including some with off-shore operations. These visits included interviewing senior management and compiling risk assessments which were forwarded to institutions’ Boards of Directors. Responsible for overseeing the authorisation process for a number of applicants seeking to become UK banks. This process generally took 6 to 9 months and involved substantial assessment of banks’ business plans, proposed policies/manuals and financial projections. Department Expert on Consolidated Supervision, the Post-BCCI Directive and Banking Authorisation Process. Responsible for drafting the FSA’s ‘Guide to Banking Authorisations’. I was also the Bank & Building Society Division’s representative on the FSA Panel which reviewed the content of the FSA’s first “consolidated” Prudential Handbook.