Allan Macpherson
Burscough,West Lancashire
Summary
Senior Leader and accomplished Project manager with 18 years of experience in the Financial Services Sector including Banking, Wealth and Treasury Operations. Leading teams and projects across operations within Collateral Management, CASS Reconciliations, Regulatory and Investor Reporting.
My Experience and delivery includes:
- Designing and Implementing Operating models
- New System integration through design and testing
- Stakeholder Management including communication and reporting to Senior Executives
- Cross functional project delivery including resource and budget management
- Experience working in Agile, waterfall methods, JIRA tools
Overview
18
18
years of professional experience
2024
2024
years of post-secondary education
Work History
Senior Vice President - Head of Reconciliations
BNY Pershing
Liverpool, Merseyside
10.2021 - Current
- Led team of 24 reconciliation staff in UK and India
- Oversaw the Reconciliations Team processes to ensure regulatory compliance with CASS and effective asset safekeeping.
- Delivered a System Upgrade of the Reconciliations Software System (TLM) across 250+ Operational Staff globally.
- Member of the Senior leadership team within Operations, leading the people and culture agenda.
Vice President - Cash Management
Bank of America
Chester, Cheshire
04.2020 - 09.2021
- Defined strategic operating model for global GFX Balance & Account Management team
- Managed global team of 12, overseeing account reconciliations and intraday FX cash monitoring
- Project-managed new initiatives across GFX Operations, including migration to and from new account providers
- Established governance framework focusing on MI/KPIs for regulatory and audit compliance
- Streamlined process to reduce costs for accounts, funding, interest claims and charges
Head of Collateral Operations
NatWest Bank
Manchester, Lancashire
10.2017 - 04.2020
- Defined new business operating model and established a new team, managing front-to-back collateral functions, overseeing six highly skilled staff covering Reconciliations and Margin processing.
- Defined requirements and performed system testing to integrate our process into Treasury's strategic platform (Murex)
- Oversaw risk management, monitored governance, adhered to internal policies
- Managed client relationships and escalations ensuring excellent customer service
Manager – Collateral Management
NatWest Markets
Manchester, Lancashire
12.2015 - 10.2017
- Lead a team of 18 staff including 3 supervisors to deliver the collateral margin management function
- Drive the CVO global target operating model and strategic planning to onboard regulatory changes
- Liaise with Collateral Trading, Pricing, Legal and Credit teams to ensure credit risk is mitigated for the bank in line with ISDA best practices
Manager – Collateral EMEA Portfolio Reconciliations
RBS
Manchester
10.2014 - 12.2015
- Oversaw EMEA portfolio reconciliations and investigations with 8 staff
- Led Discrepancy Escalation Working Group and chaired weekly meetings with key business stakeholders
- Developed and maintained robust control framework for team
- Monitored evolving regulatory changes and parameters to maintain operational compliance
Risk Remediation Programme Associate
RBS
Manchester, Lancashire
02.2014 - 10.2014
Client Valuations Supervisor
RBS
Manchester, Lancashire
02.2012 - 02.2014
Equities Trade Support Analyst
RBS
Manchester, Lancashire
11.2010 - 02.2012
Fund Administrator – Accounting and Valuations
HSBC SS
Edinburgh, Midlothian
08.2008 - 11.2010
Services and Control Manager
Abbey
Edinburgh
06.2007 - 07.2008
Education
Project Management
Project Management Professional (PMP)®
United KingdomAccredited Practitioner - Project Management
Prince 2
Manchester 2014 - 01.2014
BA honours - Accounting
Napier University
Edinburgh 09.2003 - 05.2007
Highers - Accounting & Finance, Graphic Communication, Business Management, Mathematics
Forres Academy
Forres, Moray 01.1997 - 01.2003
Skills
- People Leadership & Management across Global locations
- Team collaboration
- Project & Change Management
- Effective communication
- Risk Management
- Stakeholder Management
- Cultural awareness
Affiliations
- Spending time with family and friends
- Sports – Mainly golf, football and squash
Timeline
Senior Vice President - Head of Reconciliations
BNY Pershing
10.2021 - Current
Vice President - Cash Management
Bank of America
04.2020 - 09.2021
Head of Collateral Operations
NatWest Bank
10.2017 - 04.2020
Manager – Collateral Management
NatWest Markets
12.2015 - 10.2017
Manager – Collateral EMEA Portfolio Reconciliations
RBS
10.2014 - 12.2015
Risk Remediation Programme Associate
RBS
02.2014 - 10.2014
Client Valuations Supervisor
RBS
02.2012 - 02.2014
Equities Trade Support Analyst
RBS
11.2010 - 02.2012
Fund Administrator – Accounting and Valuations
HSBC SS
08.2008 - 11.2010
Services and Control Manager
Abbey
06.2007 - 07.2008
BA honours - Accounting
Napier University
09.2003 - 05.2007
Highers - Accounting & Finance, Graphic Communication, Business Management, Mathematics
Forres Academy
01.1997 - 01.2003
Project Management
Project Management Professional (PMP)®
Accredited Practitioner - Project Management
Prince 2
2014 - 01.2014
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