Nicholas Wilson

+44 (0) 7989 522626 · mail@nicholaswilson.co.uk

  • Senior capital markets and regulatory project manager, with deep understanding of operational risk, banking operations and process improvement.
  • Proven track record of achieving excellence in highly regulated environments where accuracy, timing and commercial awareness are imperative.
  • Considerable exposure across differing products, functions and groups with the ability to think “front to back”.
  • Strong believer in collaborative approach to implementing change with skill to foster proactive, productive partnerships across global teams.

    • Experience

    Project Manager

    Credit Suisse

    IBOR Transition Programme – Operations workstream lead for firm's successful delivery of the multi-year IBOR regulatory programme. This has included remediation of a large population of legacy OTC derivative, cash and money market trades via bulk migrations and bespoke restructures, and system/operational readiness to support new ARR trades.

    Seamless and proactive engagement with front-to-back functions in geographically diverse locations which resulted in the programme delivering on time, within budget and with no significant issues.

    2021 onwards

    Project Manager

    Credit Suisse

    Responsible for Cash Settlements (OTC, FX and Money Markets/Treasury) readiness for Brexit as part of the wider Credit Suisse EU Entities Programme.

  • Delivery of new nostro/funding accounts with local agents and full set up in internal systems for all settlement currencies.
  • Migration of counterparties and subsequent novation of existing trade population.
    • 2019 - 2021

    Vice President - Risk Oversight & Monitoring

    Credit Suisse

    Global oversight and monitoring of risk level and output of trade validation activity for OTC & FX derivatives.

  • Implemented consolidated risk-based metrics for OTC & FX derivatives and cash trades with full stakeholder engagement and support, and allowed a portfolio view of live trade population. Led training and rollout of risk based metrics for around 150 key Front Office users globally, allowing numerous legacy reports to be decommissioned resulting in a reduction of 15,000 email hits/month.
  • Led weekly control meetings for OTC & FX. Constructively challenged metric owners and encouraged culture change from assumption that older = riskier to risk based metrics driven from objective criteria.
  • Owned Risk Inventory for OTC & FX. Introduced (1) "toxic" book of work to track and then remove high risk processing flaws (2) weekly stakeholder calls to improve change management.
    • 2015 - 2017

    Assistant Vice President - Process Control and Improvement

    Credit Suisse

    Global role responsible for process and system change prioritisation and facing off to key stakeholders to deliver key control, process and regulatory enhancements. Key deliveries included:

  • Delivered "factory" model - a mechanism to highlight effectiveness (cost, accuracy, timeliness) of drafting process according to drafting method. Usage of model resulted in 15% increase in same day confirmation dispatch.
  • Global responsibility to enhance confirmations processing and improve regulatory compliance within EMIR Timely Confirmations rules, and resulted in Credit Suisse continually being placed in top quartile for confirmation processing time.
  • Led design and implementation of global strategic initiative (template control programme) to standardise and control production of paper confirmations for OTC derivative trades. Clear example of challenging status quo and applying innovative ideas to solve at source, develop processes whilst maintaining control.
  • ISDA Discontinued Rates Protocol - Led industry solution to discontinuation of certain maturities of interest rates following regulatory pressure. Adoption of protocol eliminated need for numerous bilateral agreements or re-papering.
  • ISDA Inflation Definitions - Joint lead on industry roll out of inflation definitions and confirmation templates. Led internal adoption involving: migration of legacy trades to new trade capture screens, full STP confirmation capability, re-papering of legacy trades, training of confirmation teams.
  • Global lead for interest rates of OTC derivatives documentation optimisation project (winner of The Banker - Innovation in Clearing and Settlement Technology Award).

    • 2009 - 2015

    Trade Validation

    Credit Suisse

    Set up team in London following reverse offshoring and implemented innovative solution for control of aged items. Team achieved month on month drop in KRIs. Credit Suisse consistently ranked in top quartile for aged outstanding confirmations within FED16 dealers.

    2005 - 2009

    Derivative Operations

    Morgan Stanley

    2004 - 2005

    Derivative Operations

    Goldman Sachs

    2001 - 2004

    Education

    Bournemouth University

    Bachelor of Arts
    Financial Services, 2:1

    Awards & Certifications

    • Lean Six Sigma Yellow Belt - University of Bedfordshire Business School
    • Project Management Principles, Practices and Systems - Anglia Ruskin University
    • The Banker - Innovation in Clearing and Settlement Technology Award - 2009

    Skills

    • Numerate, curious and analytical problem solver with ability to think “front to back”
    • Early identification of risk factors with rapid implementation of solution.
    • Effective communicator both up and down the organisation, and across cultures and countries
    • Able to listen, gather relevant facts and take decisions
    • Implements sustainable change through collaboration
    • Fosters proactive, productive partnerships across global teams

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