Michael Draeger

As part of the global implementation programme of the Aladdin OMS Platform from BlackRock Solutions, responsible for preparation of full requirements for one of the organisation's key European subsidiaries. This was performed in coordination with the global infrastructure for investments processing, risk, compliance, security classifications, trade operations and IT systems.

In connection with the implementation of the Aladdin Platform from BlackRock Solutions, employed by an international European asset manager during the system's initial configuration activities in support of the Early Win / Green Package project phase. This included working with various departments across the client's multinational organisation.

Project Manager / PMO Lead for a joint review conducted by international regulators of US, European and Asia-Pacific locations supporting the trade life cycle for cash market trading, listed and OTC derivatives and prime brokerage. The review assesses the corporate governance control and oversight framework over trading room monitoring practices such as the frequency of position controls, valuations, limit definitions, p&l reserves / attribution and management reporting systems.

The Field Effect is a boutique consultancy specialising in clearing and collateral management for both cleared and uncleared OTC Derivatives and Exchange Traded Derivatives. Formulation of a data model for margin collateral management, defining common relationships between Data Entity Groups, Data Attributes and Taxonomies. Also developed a PC-based tool designed for analysing existing data interfaces across a bank's current IT environment.

Implementation of the Aladdin Platform from BlackRock Solutions, the assignment involved analyses of current and future state workflows towards the formulation of a new global Target Operating Model (TOM) to be adopted for the new system as well as decommissioning of existing applications within the IT environment. Aladdin modules: DashBoard, AladdinView, TradeEntry, Compliance Workbench, SecurityMaster, ADAM and Deco.

Employed on an interim assignment with a legal firm as part of an international financial regulatory investigation involving complex issues of corporate governance, risk management and AML.

Assissted the ECC in the preparation of their application to clear OTC derivative contracts for the European Energy Exchange under the requirements of the European Market Infrastructure Regulation (EMIR) and European Securities and Markets Authority (ESMA) as an authorised Central Counterparty (CCP). Content included a description of risk management methodologies, stress testing, margining and default fund procedures.

Served as Project Manager / Senior Business Analyst for several initiatives: onboarding of client loan portfolio servicing mandates, analyses of market risk management modeling for fixed income investments (mark-to-model methodology), asset management trade execution, government restructuring/stabilisation programmes, business/legal entity reorganisation and centralised system for delivering client asset/liability statements. This has involved requirements and status meetings with a variety of senior intern

Accountable for the design of the finance architecture under an initiative to replace a transaction banking legacy platform with a single core banking system across 30+ countries. Responsibilities include ensuring that the technology architecture and the target operating model for controls over periodic financial processes within the new IT landscape meet requirements for local / head office financial, regulatory and risk reporting system standards.

Representing the finance division on steering committees across 14 key programmes, responsibilities included the evaluation of business cases, financial monitoring and benefit tracking. The group’s portfolio of multi-million pound strategic IT projects managed under PRINCE2 standards oriented towards extending the range of cleared asset classes and OTC markets to reduce systemic risk for margining and settlement systems. Some projects involved initial planning towards pending Dodd-Frank regulations for OTC

As part of a global financial risk system development initiative, developed functional specifications, gap analyses and reporting specifications for listed derivatives and exchange margin collateral associated with global trading activities.

BPR of process workflows, IT systems and data models across the front (trading areas), middle (risk controlling) and back-offices (settlement operations) in Germany, UK and the US.

Audit, Finance, Computer programming