Dieu Anh (Cindy) Nguyen

I lead a team of three responsible for various hedge accounting solutions, including Hedging of net investment, Fair value hedge, Equity structural hedge and reporting of Treasury Capital P&L and Structural FX.

• Proposing Hedging of net investment to minimise FX impact on Group’s CET1 ratio from its foreign branches and subsidiaries, using various hedging instruments such as FX swaps, Non deliverable forward and loan stock.
• Responsible for the reporting of hedgeable balance for the Equity structural hedge. Its purpose is to protect income from the Group’s Equity from interest rate risk, which can have a material impact on Group’s P&L.
• Authorisation of hedge designations, including Fair value hedges and Hedging of net investment at various legal entity levels.
• Reviewing Group’s Capital applications including complex restructuring transactions and projects to improve the bank’s capital ratio and profit. My role is to determine and provide guidance on their impacts on FX hedging and Equity structural hedge to ensure appropriate hedging decisions are made.
• Chairing and overseeing review meetings with Treasury businesses, based on the analysis that my team provides. These meetings allow Treasury desks to make decisions, such as executing trades to manage FX risk on our capital ratio or interest rate risk on our Equity income.
• Responsible for reporting actuals and forecasting Capital P&L and Structural FX, including reviewing monthly ledger close and quarterly reporting processes.
• Supporting control, governance and liaising with Risk and Audit teams.
• Recognised during the Treasury Finance department’s townhall for “Precision in risk management and controls” and recommended by Treasury businesses for providing “World-class service”.

• In role promotion – Same below responsibilities

I managed a regulatory submission and balance sheet reporting for the Treasury department. I also coordinated controls for various Treasury Finance teams. Specifically:

• Managed a team of three responsible for submitting a regulatory return to the PRA (Stress Test Data Framework - STDF) for Treasury clusters.
• My role involved determining the strategy for the team, including data sourcing, building a new control framework and improving my team’s efficiency through the automation of reports. I then presented these reports to various key stakeholders, including Treasury CFO/CRO and traders to obtain their sign offs and answer questions from the PRA.
• Oversaw the production of the consolidated balance sheet prepared by my Chennai team, reviewing and improving commentary and understanding business drivers.
• Presented consolidated balance sheet figures and control measurements to senior management (departmental level) including the CFO Treasury. This included assisting Treasury Finance attestations (section 302 and AO&R) for Financial Reporting on a quarterly basis. I also coordinate our response to KPMG in answering their queries concerning our control and balance sheet pack.
• Assisted the Structure reform program (SRP) team by reviewing our Treasury’s balance sheet split by clusters. On the Balance sheet reporting, I designed the sourcing of the data to ensure my team can produce 3 different sets of Treasury data for BBUKPLC, BBPLC and BPLC. I also developed a target view of Treasury’s balance sheets, so that the SRP team can compare the current ledger numbers to this target. This helped us to identify any gaps and to contact relevant parties to ensure the split is corrected.
• Supported the ledger fast close initiative for Treasury Finance teams and implementing a new PRA regulatory reporting requirement for RF0088 (exposures relating to own originated securitization and covered bonds, and third party issued covered bonds).
• Owned production of Treasury Finance’s control reporting packs and other presented information to Treasury Finance management, Financial Control Metrics and Letter of Rep meetings. This included Items at Risk (IAR), Risk events and Summary of unadjusted differences (SUD).
• Ensured the coordination of Treasury Finance controls forums with participation across a wider team including Product Control, Financial Control and Operation teams, identified gaps and assisted in developing remediation plans where necessary.
• As a result of continuous improvement & exceeding expectations of my role, I was given the award “Star of the month” from our Treasury Finance team.

I was the Financial Controller for 20 Head Office subsidiaries. My responsibilities include reviewing Financial Statements, attending Board meetings for Director’s approval of the accounts, reviewing reporting packs and restructuring the companies. Specifically:

• Prepared quarterly variance analysis and presented reports to the regional CFO.
• In charge of driving the process to structure my companies for capital efficiency or for liquidation. As the project manager, I chaired the meetings between Treasury, Tax, Legal and Company Secretaries. I devised the restructuring plans by proposing accounting entries, obtaining the approvals from group departmental heads and following up with the execution. As a result, a billion USD of historical capital has been returned back to the parent company where no longer required, additional capital was injected where needed. Some companies were put into liquidation, resulting in the saving of tens of thousands in audit fees.
• Reviewed Financial Statements for 20 UK & Dutch companies and presented my accounts at Board of Directors’ meetings and answered any question that the Directors raised. I am also the coordinator for UK subsidiaries for Financial Statements and managed the whole process including liaising with our external auditor (KPMG), Group Tax, Group Treasury and Company Secretary.
• Facilitated our migration to CaseWare from a manual process using excel/word to produce the Financial Statements, resulting in the reduction of the filling time by one and a half months.
• Migrated the preparing of Financial Statements to our offshore team in Chennai successfully and since 2015 onwards, I have been the reviewer of the accounts instead of being the preparer.
• Reviewed and submitted the quarterly IFRS packs for 20 subsidiaries and resolved queries from Group Finance.
• Submitted monthly management reporting packs and other banking analysis to Group Finance, which provides monthly variance analysis.
• Prepared and submitted forecasts 4 times per year and budget once per year.
• Provided management accounts and proposed the dividend amount to be distributed to the parent companies and obtained approvals from Treasury, Tax and our Directors.
• Primary controller of our group subsidiaries, including activities to ensure correct reporting, e.g., approving sundry, suspense, share capital and reserve items and reviewing monthly TB, etc.
• Converted investment in associate from cost accounting to equity accounting per IAS 28.
• Converted 4 companies’ Financial Statements from being prepared under IFRSs to Dutch GAAP. As an achievement, I have been given a departmental prize from the regional CFO of Europe.

Balance sheet substantiation project

• The project was initiated by UK Country Finance and was designed to substantiate the UK Balance Sheet.
• Performed investigations to look at the Transaction processing (TP) system source of entries passing through UK General Ledger (GL) to determine which accounts have TP tractions and are captured in the TP vs. GL reconciliation.
• Investigated and analysed manual entries by liaising with different teams that posted them.
• Provided a summary for the project manager to show whether control processes were in place for specific accounts.
• Provided commentaries on the current control mechanisms and how accounts are substantiated for UK companies.

Financial and management reporting (BAU role)

• Involved in quarterly financial reporting of the key entities (Standard Chartered Bank - SCB and Standard Chartered PLC - SC PLC).
• Involved in monthly management reporting and month-end journal process.
• Resolved Group Finance, Group Treasury and KPMG’s queries relating to IFRS packs for SCB and SC PLC.
• Coordinated and managed the Key Controls Self Assessments (KCSAs) and Key Risk Indicators (KRIs) as required under the Group Financial Control Policy Manual for the UK entities and liaised with responsible person / teams to ensure consistency and timeliness.
• Supported and enhanced the controls framework for the team of 10 people.
• Supported complex transaction management within the Head Office, e.g., dividend, Group Tax Relief, etc.

• I have worked in various rotations in different UK teams at Standard Chartered for 2 years. Rotation teams include Wholesale Banking (WB) Finance, Group Taxation, UK Governance, Business Finance, Private Banking Finance, Group Regulatory reporting, UK Country Finance and Group Treasury