PETER WALDEN+852 6275 3324 E-mail: Peter@treasuryerp.com EXPERIENCE SUMMARY
SAP Treasury (TRM/FAM) and financial services (Insurance/Banking) specialist with more then 12 years SAP consulting experience with various financial services and corporate treasury clients.
The last 7 years have been spent as a TRM contractor in the United States, Europe and Asia specializing in SAP treasury/banking in financial services. Prior to that, Peter worked as a consultant for 6 years with PriceWaterhouseCoopers in their SAP Financial Services division which was founded to provide specialized expertise to SAP clients in banking and treasury.
Before becoming a consultant Peter spent 6 years working with two prominent investment banks (Bankers Trust and Macquarie Bank) in various support functions including treasury operations, financial control, risk management and systems.
In addition to maintaining technical skills in SAP, Peter is committed to maintaining his capability to put into practice holistic business solutions based on best practices. Subsequently he regularly attends professional meetings and conferences.
SUMMARY OF EXPERTISE
SIGNIFICANT PROJECTS
Client: AIA Insurance, Hong Kong (Oct 09-Apr 10)
Role: FAM Solution Architect
The project involves implementation of FAM (TRM) to meet multiple reporting requirements in IFRS, USGAAP and local regulatory reporting. Peter’s responsibilities involved QA the design of the FAM solution including integration to New GL using extended coding block. The template was developed in HK with a view to rollout throughout the local Asian subsidiaries. Product coverage included variety of international securities (including vanilla’s as well as MBS, ABS) derivatives, money market and foreign exchange. Enhancements were developed to meet FAS157 Pricing and also USGAAP impairment regulations.
Client: ABB Grain Adelaide, Australia (Jan 09-Jul 09)
Role: Consultant Responsible for delivery
The project consists of implementing ECC 6.0 SAP TRM as part of an integrated solution for trading commodities (physical and paper). Enhancement package 3/4 were used and the project included integration between Triplepoint (TPT) for commodity front office trading) and SAP GTM as part of the analysis and design. Peter was responsible for the paper solution, which also included design of enhancements/ reports/ interfaces and integration testing across CSL (TPT) and SAP as well as the TRM system configuration setup.
Client: OZMinerals Melbourne, Australia (Nov 08-Jan 09)
Role: Consultant Responsible for project management and delivery
The project replaces integrity with SAP TRM and follows a merger and involves centralizing previously dispersed treasury operations and banking in central treasury. Products range from typical money market and Foreign exchange to issued bonds, syndicated debt, commodities derivatives (including hedge accounting) and interest rate derivatives. Banking is fully automated for STP including the design of an effective cash management solution with back testing to ensure the accuracy of the forecasting model.
Client: Telecom Malaysia, Malaysia (Mar 08-Jun 08)
Role: TRM SME Treasury
Basically a QA and SME role to support local consultants over realization and go live. Troubleshooting and end user testing/training in the Securities implementation was a key area.
Client: Bunge Financial Services (fortune 500) New York – Global Project (May 06-Feb 08)
Role: TRM Project Lead Global Rollout
The project is on behalf of a large US multi national (fortune 500).
Peter’s mandate was to develop a global template based on best SAP and business practices to add business value and roll out to various locations in the Americas, Europe and Asia. Business processes and data definitions needed to be re-engineered and local differences accommodated in order to provide seamless automated global processing for inter-company trading worldwide.
In addition to the transaction manager and loans management functions key functionality included the following: enhancements to automate loans management functions, internal trading cockpit (subsidiaries request trades at real time rate from central treasury), in house cash (affiliate netting and payment factory) for internal current accounts (BCA), market risk analyzer (real-time Fx position reporting incorporating bank, vendors/customers and TRM trades), and Business Warehouse for global reporting. Global Trade Management (GTM) was implemented with enhancements to automate the recording of embedded exposures for subsequent hedging in TRM.
An upgrade was performed towards the end of 2007 from ECC5.0 to ECC6.0.
Client: Malakoff, Kuala Lumpur (Apr 06)
Role: CFM Upgrade and review
The client is a construction company in Malaysia. The role was to upgrade treasury from version 4.5 to ERP2005. This involved running the business partner and TPM migration and completed the assignment in 1 week including testing and thorough documentation. In addition a thorough analysis of the current functionality was undertaken and 6 pages of value propositions provided to client (cost Vs benefits) for implementation in follow up project.
Client: Perusahan Listrik Negara (PLN), Indonesia (Dec 05 – Feb 06)
Role: Senior CFM Consultant-Accenture Project
The client is responsible for the electricity supply in Indonesia and has a large debt portfolio. The project involved recording over 140 structured loans from the World Bank and other entities; this involved a number of enhancements and workarounds in the loans area. This was in addition to implementing CFM to meet to overall treasury requirements. Peter’s role also included advising on a new risk management policy involving hedging and derivatives and using the market risk management module for decision support.
Client: Via SAP to Private Investment and Finance Company (UTSB), Malaysia (May 05 – Nov 05)
Role: Treasury Re-engineering and TRM Consultant
The client consists of a private group of companies, controlled by tycoon T. Amanda Krishnan, prominent owner of various media and telecommunications interests. The project scope was to use end to end SAP functionally with particular emphasis on both re-engineering to best practice across a large number of companies and developing models using the TRM analyzer modules for treasury decision support. Key business improvements included automating centralized cash, funds management and control. The analyzers (market risk, credit and portfolio) were implemented for internal control, monitoring market risk (market variable based sensitivity analysis using NPV and Value at risk) and performance measurement (benchmark yields, portfolio returns etc).
Client: Zinifex, Melbourne/Netherlands (Nov 04 – Mar 05)
Role: Team Lead and CFM Consultant
Zinifex (previously known as Pasminco) is a multinational metals mining company with a treasury operation spanning London, Melbourne, Budel (The Netherlands) and Clarksville (USA). In addition to the usual treasury activities, Zinifex treasury’s operations consist of the selling fixed forward commodity contracts and hedging these contracts using LME Futures and FX forwards. The project objectives were to (i) replace the Quantum system with SAP CFM 1.0 (Financial Services 110 extension set) to perform across the board treasury functions; and in particular support LME futures (London metals Exchange) trading using the SAP Listed Derivatives module and (ii) finalize the accounting policy for IAS39 (AASB139) and develop the technical solution using SAP under the standard including designation and effectiveness testing.
Client: Bank Simpanan Nasional, Malaysia (Aug 04 – Oct 04)
Role: Team Lead FICO Blueprint
This project was for a Malaysian government savings bank seeking to provide SAP blueprint to implement global financial/logistics best practice for the banking industry. (i) His role in the first phase was to perform the financial process re-engineering project and provide actionable recommendations based on best practices in the global banking industry; the deliverable included outlining improvement opportunities, benchmarking the bank and providing a roadmap to management for a multi phased business and system implementation projects to modernize the banks financial, logistic and performance management processes; (ii) The next phase saw him responsible for guiding the local consultants in development of the detailed business process and functional blueprint across the SAP FICO modules including FICO and Logistics (including plant maintenance) based on experience in similar SAP banking projects and best practices.
Client: Astra International, Jakarta (Aug 04)
Role: CFM Upgrade
Upgrade from version 4.6 to 4.7 including running the business partner and TPM migration with configuration of various functionality for parallel valuation areas, review of current functionality and proposals for future corrections and add-ons.
Client: Via SAP to Shanghai Pudong Development Bank (aligned with Citibank), China (Feb 03- Aug 04)
Role: CFM Team Lead and Subject Matter Expert
SPDB is one of the first banks to list on the Chinese stock market and notably Citicorp is part owner with a strategic alliance. Team lead for the blueprint and realization phases of the project using CFM for securities,money market, foreign exchange, derivatives and structured loans. This project involved development of an array of enhancement in order to extract data from core banking applications into SAP where back office processing and accounting occurred including various management allocations (e.g., FTP and capital allocations using the regulatory approach).
Architecture involved SAP BAPI and middleware (Mercator-Ascential) connecting front office systems, core banking, payments/receipts/reconciliation and external swift clearing systems Also co-developed the business solution for bringing the bank up to date with Basel I and overall IFRS accounting standards. SAP solution for IAS39/FAS133 including FX and interest rate exposures for cash flow and fair value hedged positions.
Client: NSW Department Community Services, Sydney (Jan 02-Apr 02)
Role: Treasury and Cash Management Consultant
Client operates high volume cash processing centre in central treasury and aimed to achieve seamless paperless processing. Project involved automation of banking processes through implementation of SAP electronic banking for centralized treasury operation. Included auto matching of expected payments and receipts using SAP electronic bank statements and enhancements to achieve increased automation and straight through processing.
Client: Toyota Financial Services (Nov 00 - Feb 02)
Role: Principal Consultant – Loans Management , CFM Treasury, Market Risk Management,
Toyota is a financing and leasing company operating a domestic and international capital raising program (issuing bonds and paper) involving active interest rate, currency, liquidity risk management.
Phase1 (a) Core SAP corporate treasury Modules including (TR-TM, CM and Loans management) using structured notes issues (loans taken module), commercial paper, interest and currency swaps, forwards, futures and options; included automation of cash management and banking. (b) SAP Loans management was used for structured notes issued and also for variety of customer facilities (installment loans, annuity loans, discount based loans, rollovers, grouping of loans, splitting of loans) including retail and wholesale leasing products.
Phase 2: SAP market risk management was implemented as the tool to perform asset and liability management covering the entities full balance sheet (including wholesale debt / bonds and consumer and wholesale leases). Traditional and modern risk management reporting was brought online including Portfolio Duration, NPV, Value at Risk and Structured Scenario analysis. Staff and management received practical and theoretical training in the concepts and SAP tools. Retail loans systems needs to be integrated with SAP banking applications.
Client: Development Bank of Singapore (DBS) (May 00-Nov 00)
Role: Principal Consultant - Methodologies and Treasury Systems Integration
The project was to design advanced profitability, risk management and costing methodologies for the bank. Role included the bank wide design of treasury funds transfer pricing (FTP) and capital allocation methodologies as well ETL. Activities included defining data requirements (based on system requirements for Funds Transfer Pricing, Capital Allocation and ABM) from treasury systems to facilitate the ETL process for data migration into the enterprise data warehouse.
Client: ChinaTrust Commercial Bank, Taipei (Dec 98 - Feb 00)
Role: Team Lead/Project Manager - FICO/SEM for Banks
The project covered two full life cycles, Peter’s role was as project manager for the first and last phases of the project. Was responsible for managing a team of twelve to perform significant process re-design and SAP implementation.
The process scope included implementation of best practices in the areas of costing, profitability management, and planning / budgeting. System scope included CCA, PCA, SEM-PA, IO, FM and budgeting / forecasting using the CO modules. The development multidimensional reporting involved developing ETL routines and mapping to migrate data including re-interfacing over 40 legacy systems.
Client: Zurich Financial Services - Insurance (Jul 98 - Nov 98)
Role: Consultant – Insurance financials, reporting and integrate transaction processing systems
Rollout of global template from Insurance global head office in Switzerland. Worked as a member of the SAP team during the design and construction stages, developed the design and functionality based on global template for insurance using SAP including redesign of processes to standardize worldwide. Project included full range of FICO modules and integrating with insurance transaction processing systems. Use of CO-PA as data mart for multidimensional profitability reporting and other SAP financials and logistics modules.
Client: Industrial Bank of Japan, New York (Feb 98-Jul 98)
Role: Consultant – Treasury/ FICO/SEM Banking (Industry Solution Banking)
IBJ (which later merged to form Mizuho) was at this time one of the largest 6 banking entities in the world predominantly involved in wholesale banking activities. Role on this project was part of the team responsible for developing the detailed design of financial and performance measurement processes based on leading practices and SAP functionality.
The project included implementation of non SAP treasury system and integration with the full range of financial processes covered by SAP FICO and SAP SEM Banking. The design used systems architecture based on skinny general ledger and comprehensive performance management system and methodologies.
Client: Government Savings Bank , Thailand (Aug 97-Jan 98)
Role: Consultant - FICO
Role as banking specialist responsible for performing QA of FICO design, dealing with client issues. Later role as integration manager role in the later half of the project involved managing end to end user acceptance testing including interfaces and conversions into SAP. Developed bespoke FTP solution as an enhancement to SAP FICO.
BUSINESS BACKGROUND
Employer: PriceWaterhouseCoopers, Sydney (96 -02)
Role: Principal Consultant: Employed by PwC in the SAP financial Services/Banking department. Further details of projects completed are included in section of this resume.
Prior to becoming a consultant in 1996 was employed by the following organizations:
Employer: Bankers Trust Australia (90 -93)
Several roles: including treasury accountant, treasury systems analyst: Duties included supervision of treasury back office and accounting operations preparation of internal and regulatory reporting. Risk management reporting and analysis for equity derivatives trading and arbitrage books. Later served as Treasury Systems Accountant, part of the systems accounting team responsible for various special IT projects.
Employer: Macquarie Bank, Sydney (94 -96)
Role: Treasury analyst: Involved in several notable projects to re-engineer technical and business processes in the treasury and capital markets department which achieved significant cost savings and efficiencies for the bank. Focus on customized systems for treasury products listed (futures/options) and OTC derivatives and securities (bonds) and commodities markets.
EDUCATIONAL BACKGROUND AND MEMBERSHIPS
Bachelor Business - Accounting (University of Technology, Sydney Australia) MBA (University of Technology, Sydney Australia) - deferred Member, Australian Society of Certified Practicing Accountants, ASCPA Member, Finance and Treasury Association, FTA |