Andrew Shannon

• Financial Services leader in Belfast office
• Participated in comprehensive Deloitte Belfast office strategy
• Sourced diverse talent, spanning from school leavers to managers, elevating headcount from 1 to over 20 within one year
• Formed a dedicated team to deliver audits for the hedge fund market within UK, enhancing product offerings from Deloitte Ireland.
• Facilitated associate to manager training
• Oversee coordination of all Cayman funds affiliated with Deloitte Ireland.
• Provided Level 3 testing guidance across Deloitte teams to optimise testing processes.

• Within a management team that facilitated onboarding of significant hedge fund client managing 350 funds across multiple jurisdictions
• Managed oversight of audit processes for 220 Cayman funds associated with this client.
• Revised operations of the audit team to streamline onboarding for significant clients
• Optimised operational efficiency for Deloitte Audit group by advocating for new technology solutions.
• Presented audit results and insights at board meetings, fostering comprehensive debrief sessions aimed at promoting efficiencies in future operations.
• Served as a Deloitte representative in monthly valuation committees, whilst responsible for testing Level 3s.
• Managed various Real Estate Property Fund audits, integrating commercial, private residential, and social housing elements.

• Overseeing and coordinating a portfolio of clients, from local pension fund to global top 50 hedge fund with over $15 billion in net assets.
• Presenting audit findings and testing methodologies at AGMs and Advisory Board Committee meetings.
• Conducting due diligence for prospective clients,
• Producing forecasts/budgets for client fee proposals
• Leading teams and managing multiple client engagements simultaneously.
• Maintaining engagement WIPs and billings, encompassing time charged by all team members.
• Significant exposure to auditing both US GAAP and IFRS financial statements.
• Verifying client compliance with local regulations in relation to CIMA, utilising expertise in Banks and Trust Companies Law, Companies Law, Companies Management Law, and Mutual Funds Law.
• Auditing standalone funds, fund of funds, and ‘master-feeder' structured funds (offshore feeder and onshore feeder).
• Aiding clients to complete their Fund Annual Return Filings to CIMA
• Completing audits to strict deadlines whilst maintaining strong profits
• Dealing with sanctioned investments in Russia, Venezuela and China
• Overseeing the work performed by my teams including capital, valuation, P&L allocation etc.

Other Roles (Chair of the Corporate and Social Responsibility Committee):

• Raising just over $100k for local and global charities in two years
• Representing the PwC brand at several wider community functions
• Submitting corporate responsibility KPIs to be used by the wider PwC Caribbean Group

• Audited Private Equity funds, hedge funds and banks
• Lead Senior on all engagements which involved managing other seniors in Cayman and other seniors in cross border delivery arrangements
• Involved in the client billing process
• Participated in global reporting, overseeing component audits from various Caribbean countries for subsequent reporting to Group.
• Performed investment manager controls testing, referenced but excluded in the Fund Administrator's SOC 1 reports.
• Delivered IFRS 9 implementation guidance to Caribbean banks
• Performed testing on various Level 2 valuations including NBV, Price/Earnings, Price/Book value, Price/Revenue and discounted cash flows.

Other Roles (Office Valuation Champion):

• Priced over 2,800 derivatives for one client
• Valuation of Level 1 & 2 equities, bonds, futures and options using Bloomberg

• Full Supervisory Review and Analysis of the Internal Capital Adequacy Assessment Process (ICAAP) submitted by Banks to CIMA in accordance with The Basel II framework and The Supervisory Review Process (Pillar 2) Rules
• Produced detailed written reports which concluded on the banks ability to meet requirements set by CIMA, this included the evaluations of the Capital Adequacy Requirement, Liquidity Coverage Ratio, Net Stable Funding Ratio and Leverage Ratio
• Reported directly to the Deputy Head and Head of CIMA Banking Supervision Department, who communicated and enforced the requirements breached.
• Provided valuable feedback to CIMA on their current processes and human capital

• Audited banks and Consumer Industrial Products Services (CIPS)
• Executed SOX Control walkthroughs, utilising strong professional scepticism to identify control deficiencies.
• Led testing of the complex credit risk rating process within a bank, and facilitated knowledge exchange across the UK to ensure consistency in PwC's approach.
• Executed comprehensive testing and reconstruction of an offline Impairment (IFRS 9) model, Applying IFRS guidance to establish appropriate methodologies for model accuracy, whilst managing data handling processes to ensure reasonable provisions were maintained.
• In charged several statutory audit engagement teams.
• Analysed team member capabilities, adapted coaching approach and participation to uphold a high-performing team, facilitated access to relevant development opportunities whilst contributing meaningful insights for resource allocation.
• Facilitator for mandatory ‘Introduction to Audit' courses