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Garmaeva

I am a certified specialist in European Regulatory Reporting (Frankfurt School of Finance and Management)

Ekaterina

independent consultant specializing in banking regulations

I will help my clients to implement new banking regulatory requirements (CRR - Capital requirements regulation) and improve existing regulatory reporting processes. You will benefit from my support in the following topics:

Requirements analysis: CRR framework
Business analysis: Regulatory reporting, Risk management & Compliance
Reporting process automation & optimization
Project management: Finance & IT topics
Support with end-to-end project implementation
Support with implementation & regression tests including preparation of test cases
User acceptance tests (UAT) of banking applications
Support with documentation of calculation & reporting processes

Languages:

English

German

Russian

My business cases

1
Business case 1: Implementation of market risk calculation
During my work at the Russian branch of the large Austrian banking group, I implemented market risk calculation according to CRR II. I analyzed CRR requirement on market risk, wrote business concept and created calculation examples. I precisely explained business requirements to the system analyst (who wrote technical script for the calculation) and performed necessary tests for this implementation.
2
Business case 2: OFAC project
I helped to finalize OFAC project (implementation of which took more than 2 years) within 6 months after starting my work as a Senior Business Analyst at Creditplus Bank. In addition to regular business analysis tasks, I took over various responsibilities such as project management and testing. I communicated to different stakeholders (including IT specialists and system architects) to find the best implementation solutions, wrote business requirements and created test cases.
3
Business case 3: Implementation of the look-through approach for CIUs’ RWA calculation
As an Expert in Regulatory reporting responsible for consolidated group own funds reporting, I analyzed relevant CRR II requirements. In order to avoid high risk weighting of CIUs (collective investment undertakings) with future CRR II requirements, I implemented the look-through approach for CIUs’ RWA calculation (in Abacus/DaVinci reporting software). I analyzed investment prospects of these CIUs, found relevant input data, created calculation examples and tested this implementation.
4
Business case 4: Software development COREP & FINREP
During my work as a consultant, I had a project in software development. I developed “C33 Exposures to General Governments” template that combined both COREP & FINREP data (in Abacus/DaVinci). I analyzed new regulatory requirement, created allocation rules for this template, wrote business and technical documentation for the website (in English and in German) and consulted clients on this new requirement.
5
Business case 5: Optimization of the reporting process
As a consultant, I helped my client (big German universal bank) with preparation of quarterly FinRep IFRS reporting (in Abacus/DaVinci reporting software). The reporting process was quite complicated (with many manual corrections) and the client persistently needed help from external consultants. After analyzing the main gaps in the reporting process, I eliminated some manual corrections with change requests and created manual correction templates to avoid mistakes and speed up the execution of these manual corrections. After this optimization, client’s dependence on external consulting decreased significantly.
6
Business Case 6: Elimination of manual corrections
As a leading expert in risk management (at the Russian branch of the large Austrian banking group) I was responsible for the monthly own funds reporting within the group. I continuously optimized the reporting process using my analytical and technical skills. For example, I wrote VBA scripts to speed up the reconciliation of the reporting templates. I worked effectively with Head Office and Data Warehouse teams to improve the data quality and system functionality. Therefore, one of my achievements on this position was the reduction of manual corrections from more than 20 000 data records (when I took over this reporting) to zero data records.

My еxperience:

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Certified specialist in European Regulatory Reporting at Frankfurt School of Finance and Management

MSc. International Management at HFU Business School

Diploma in Finance & Economics at Baikal State University of Economics and Law

My references:

Highly specialized bank for consumer credits:

“Ms Garmaeva possesses excellent in-depth knowledge even in peripheral fields, which she always applied to our business processes in a most effective and beneficial manner. Particularly noteworthy is her ability to work in a team. Due to her precise analytical ability, she was always able to understand complex situations immediately and to find good solutions straight away. Ms Garmaeva always displayed great motivation and loyalty towards the company and was willing to take on additional responsibilities at all times.”

Big4 Audit Company:

“Ekaterina has very good analytical and communication skills. She demonstrated responsibility, self-development and strong commitment to work. Ekaterina’s work was notable for her ability to quickly understand, and work with minimum involvement of senior specialists. When any difficulties occurred, she investigated all the details related to the issue and, after having understood the background for the discussion, she consulted with senior specialists and was able to suggest certain ways of solving the problem. She has very good knowledge of Finance and Accounting and always tries to develop her skills. Ekaterina has very good interpersonal skills; she deals with clients effectively and can present her point of view clearly.”

To see more references, please switch to the German version of the website

Deutsch

If you are interested in my consulting services, please send the application request using the form below. In case I find the role suitable for my profile, I will contact you to discuss further details of the project:

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