Victor Tsanev

• Design new hedge strategies • Maintain and support the existing economic and hedge accounting strategies • Prepare and maintain operational accounting policies • Advise on derivative issues • Coordinate with the Asset Liability Management Team the design of new hedge strategies • Prepare educational materials and present on derivative and hedge accounting topics

• Support the Treasury and Balance Sheet Management • Prepare the hedge documentation under US and IFRS GAAP • Advise on the accounting and hedge accounting implications of existing and new securitisations • Leading the IFRS 9 Hedge accounting assessment and disclosure process • Other- regular assessments for HTM investments, securitisation consolidation/derecognition analysis, embedded derivatives analysis • Deliver accounting updates, presentations - hedge accounting, derecognition, FX

• IFRS 9 Hedge Accounting assessment, disclosures and implementation • Coordinated Bank’s response on IASB Dynamic Risk Management project • Create/update Bank’s financial instruments accounting policies for transition to IFRS and implemented with the business • Implemented hedge accounting strategies • Involved in the IAS 39 portfolio FVH of IR risk implementation • Streamlined the fair value hierarchy reporting process for the Bank • Work on prospective acquisitions and dispositions of Bank’s subs

• Financial instruments and Derivatives specialist reviewing and approving of complex transactions, incl. financial instruments and derivatives • Instructor Fundamentals of Insurance Accounting, one-week diploma course to insurance professionals, part of the Canadian Insurance Accountants Association • Presenter/tutor insurance accounting and IFRS adoption • Focus on insurance & banking • Performed/managed engagements -Canadian, IFRS, Statutory German, USGAAP, SOX, regulatory audits

• Audit experience under IFRS and US GAAP for major insurance companies (Allianz, Hannover, Wiener Stadtische) and banks (Citibank NA, DSK Bank (OTP Group), Corporate Commercial Bank, other) • Privatisation due diligence projects for large insurance and banking institutions (DZI Insurance, Bulstrad Insurance, Wiener Stadtische, HypoVereinsbank Biochim ) • Special projects – National Bank of Bulgaria – information optimisation advisory project (Banking Supervision department)

• Financial statements preparation – for group consolidation and external • Liaison with external auditors and tax authorities • Subsidiary ledgers posting to GL and reconciliations • Accounting team leader for eight sector accountants

- international business; - marketing; - Inco terms; - Economics;