Torsten Weigel available

Torsten Weigel

Consultant and Project Lead Financial Markets

available
Profileimage by Torsten Weigel Consultant and Project Lead Financial Markets from Oberursel
  • 61440 Oberursel Freelancer in Germany
  • Graduation: Datenverarbeitungskaufmann
  • Hourly-/Daily rates: 125.00 €/hour
  • Languages: German (first language) | English (business fluent)
  • Last update: 15.08.2017
KEYWORDS
PROFILE PICTURE
Profileimage by Torsten Weigel Consultant and Project Lead Financial Markets from Oberursel
ATTACHMENTS
PRINCE2 Practitioner
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M_o_R Practitioner
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ISTQB Test Manager
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ITIL V3 Service Design
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ITIL V3 Service Transition
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ITIL V3 Service Operation
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PMP
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CV Torsten Weigel (Englisch)
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CV Torsten Weigel (Deutsch)
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SKILLS

Experienced consultant and project manager in the financial industry (focus on Treasury & Trading and Risk Management) and expert for the trading and risk management system FRONT ARENA / PRIME.

Personal Facts

Core Competencies Certifications

REFERENCES

========== 2016 - 2017 ==========

FRONT ARENA Upgrade (Version 2012.2 to 2016.5) State Bank
Consultant /Project Lead (IT) extern

Activities and Responsibilites:
Planning, implementing and controlling the FRONT ARENA upgrade from version 2012.2 to target 2016.5.
- Conducting a comprehensive cleanup task to reduce migration costs.
- Setting up the configuration management: FRONT ARENA instances and their releases, source code management, delivery of migrated objects and parametrisations, rhythm of database and software updates etc.
- Coordinating the migration process of FRONT ARENA objects, the external valuation architecture and the Softbroker infrastructure.
- Validation and clarification of methodical changes between the releases until final business sign-off.
- Controlling relevant dependancies of the project, e.g. the implementation of the MiFID2 requirements.
- Establishing a requirement and fault management with the software vendor Sungard.
- Implementing an effective test management and regelular reconciliation with the test manager.
- Reporting of project progress and risk situation to senior management.
- System environment: FRONT ARENA /PRIME, downstream systems & processes, Clarity, HP Quality Center
- Leadship for up to 30 employees and 10 business units.

========== 2015 - 2016 ==========

Implementing Credit Valuation Adjustment /CVA State Bank
Consultant /Project Lead (IT) extern

Activities and Responsibilites:
- Planning, conducting and controlling the implementation of Quantifi, an integrated exposure simulation for calculating credit risk and funding costs for OTC derivatives.
- Coordinating the negotiations with the external software provider.
- Supporting risk management and trading in the design of risk factor simulations, risk figures and surrounding processes (CVA, DVA, FVA, sensitivities, P&L explain, end of day-/end of month processes etc.).
- Design of data requirements and integration of the application in the complex IT architecture.
- Coordinating the IT implementation as well as necessary process changes in business units.
- Establishing a requirement and fault management with the external software vendor.
- Implementing an effective test management and regelular reconciliation with the test manager.
- Reporting of project progress and risk situation to senior management.
- System environment: Quantifi, Murex, FpML, Clarity, HP Quality Center, Jira
- Leadship for up to 30 employees and 2 business units.

========== 2013 - 2014 ==========

Implementing EMIR Risk Mitigation State Bank
Consultant /Project Lead (IT) extern

Activities and Responsibilites:
- Planning, conducting and controlling the implementation process of the EMIR risk mitigations: regular portfolio reconciliation, timely confirmation, daily valuation and the agreement of dispute processes with counterparties.
- Coordinating the IT implementation as well as necessary process changes in business units.
- Establishing a requirement and fault management with the external software vendor.
- Implementing an effective test management and regelular reconciliation with the test manager.
- Reporting of project progress and risk situation to senior management.
- System environment: DMC, Murex, FRONT ARENA /PRIME, FpML, Clarity, HP Quality Center, Jira
- Leadship for up to 20 employees and 2 business units.

========== 2012 - 2013 ==========

FRONT ARENA Upgrade (Version 4.2 to 2012.2) State Bank
Consultant /Project Lead (IT) extern

Activities and Responsibilites:
- Planning, implementing and controlling the FRONT ARENA upgrade from version 4.2 to target 2012.2.
- Conducting a comprehensive cleanup task to reduce migration costs.
- Setting up the configuration management: FRONT ARENA instances and their releases, source code management, delivery of migrated objects and parametrisations, rhythm of database and software updates etc.
- Coordinating the migration process of FRONT ARENA objects.
- Validation and clarification of methodical changes between the releases until final business sign-off.
- Controlling relevant dependancies of the project, e.g. the change of the server plattform (HP cluster) and the upgrade of the client hardware and operating system (Windows 7).
- Establishing a requirement and fault management with the software vendor Sungard.
- Implementing an effective test management and regelular reconciliation with the test manager.
- Reporting of project progress and risk situation to senior management.
- System environment: FRONT ARENA /PRIME, downstream systems & processes, Clarity, HP Quality Center
- Leadship for up to 30 employees and 10 business units.

========== 2011 - 2012 ==========

FRONT ARENA Upgrade (Version 2.2 to 2012.1) Major Bank Savings Sector
Consultant /Project Lead (IT) extern

Activities and Responsibilites:
- Planning, implementing and controlling the FRONT ARENA release-upgrade from version 2.2 to target 2012.1.
- Conducting a comprehensive cleanup task to reduce migration costs.
- Setting up the configuration management: FRONT ARENA instances and their releases, source code management, delivery of migrated objects and parametrisations, rhythm of database and software updates etc.
- Coordinating the migration process of FRONT ARENA objects.
- Functional Lead for a comprehensive validation of calculated values in FRONT ARENA with a team of 8 quantitative analysts over 9 months, clarification of the results with a customer committee of experts.
- Controlling relevant dependancies of the project, e.g. the clarification of the governance for FRONT ARENA regards the final sign-off from above 50 business units.
- Establishing a requirement and fault management with the software vendor Sungard.
- Implementing an effective test management and regelular reconciliation with the test manager.
- Reporting of project progress and risk situation to senior management.
- System environment: FRONT ARENA /PRIME, downstream systems & processes, MS Project, HP Quality Center
- Leadship for up to 60 employees and 50 business units.

========== 2010 - 2011 ==========

Coordination New Product Process /Treasury & Trading State Bank
Consultant /Project Lead (IT) extern

Activities and Responsibilites:
- Analysis of business requirements for the integration of new products in the existing IT landscape.
- Design of the downstream processing of new products in cooperation with the concerned business units.
- Integration of new products in terms of technical changes and revised processes along the whole process-chain.
- Coordination of the technical and business sign-off process as a prerequirement for the approval to start trading.
- Ensure maintainability and efficiency of the implemented solution for line operations.
- Optimising the new product process regarding time-to-market, costs and quality.
- General Trading Systems are FRONT ARENA and Murex.
- Reporting of project progress and risk situation to senior management.
- System environment: FRONT ARENA /PRIME, Murex, downstream systems & processes, Clarity, HP Quality Center
- Leadship for up to 30 employees and 10 business units.

========== 2010 ==========

Reorganization of IT for the business unit ETF Major Bank Savings Sector
Consultant /Project Lead (IT) extern

Activities and Responsibilites:
Planning, implementing and controlling all the activities to transfer the trading IT for the business unit ETF into IT/Org.
- The general conditions for the organisational transfer of staff, functions and processes have been arranged.
- Definition and fulfillment of documentation guidelines and standards for the complex individual developed software-system of the market maker ETF.
- Handover of the technical ETF infrastructure into the regular operation process of the bank.
- Definition of processes, roles and responsibilities in the new IT organisation unit.
- Planning, realisation and control of all the necessary activities for closing the existing issues from the external auditing.
- Reporting of project progress and risk situation to senior management.
- System environment: FRONT ARENA /PRIME, proprietary software of the Market Maker ETF, downstream systems & processes, MS Project
- Leadship for up to 30 employees and 10 business units.

========== 2009 - 2010 ==========

Enhancing & Optimising the ETF Business Major Bank Savings Sector
Consultant /Project Lead (Capital Markets) extern

Activities and Responsibilites:
Planning, implementing and controlling diverse projects and activities to enhance the trading infrastructure of the business unit ETF.
- Analysis and optimization of business processes along the process-chain.
- Conducting a pre-study for the consolidation of the trading unit ETF with the agency trading.
- Management of inter-divisional implementation projects for new asset classes in ETF and the related NPP processes.
- Coordination of requirements from the ETF issuer.
- Optimisation of Sungard FRONT ARENA for ETF trading.
- Development of an electronic market making platform for trading and quotation at Leading European exchanges and markets.
- Reporting of project progress and risk situation to senior management.
- System environment: FRONT ARENA /PRIME, proprietary software of the Market Maker ETF, downstream systems & processes, MS Project
- Leadship for up to 40 employees and 10 business units.

========== 2008 - 2009 ==========

Implementing OTC Interest Rate Derivatives Major Bank Savings Sector
Consultant /Project Lead (Capital Markets) extern

Activities and Responsibilites:
Planning, implementing and controlling the sub-project FRONT ARENA Valuation for providing the central valuation architecture for structured OTC interest rate derivatives.
- Analysis of the business requirements along the process chain.
- Analysis, design and implementation of the valuation interface for the external pricing library.
- Enhancement of the data-model to capture the instrument-features and derived model- and market-data.
- Implementation of a performance optimized application to calculate Profit and Loss and Greek figures per full-valuation.
- Implementation of a Profit and Loss application based on a Taylor approximation with Greeks.
- Optimisation of computationally intensive valuation processes.
- Implementation of distributed calculations for the model calibration and valuation process (grid-parallelization).
- Definition of the inter-divisonal testing and sign-off processes for changes or enhancements in the valuation models.
- Reporting of project progress and risk situation to senior management.
- System environment: FRONT ARENA /PRIME, QuantLib, downstream systems & processes, MS Project
- Leadship for up to 20 employees and 10 business units.

========== 2007 - 2008 ==========

Implementing OTC Interest Rate Derivatives State Bank
Consultant /Project Lead (IT) intern

Activities and Responsibilites:
Planning, implementing and controlling the sub-project Calypso Models for providing the central valuation architecture for structured OTC interest rate derivatives.
- Planning, control and realisation of projects in the Investment Banking area.
- Business Leadship and integration of the projectteams, consisting of internal and external staff.
- Development of comprehensive business cases.
- Creation of decision memos taking into account the target criteria of the management.
- Preparation and attendance of project committees and execution of review meetings.
- Close collaboration with customers, specialists and the management board.
- Responsible for the creation of IT concepts on the basis of business requirements and the user-documentation.
- Handover-process of the project results to operation.
- Design, implementation and development of the external pricing library and its integration in the tradingsystem Calypso.
- Requirement to reach tradingbook accuracy for complex innovative financial products.
- Reporting of project progress and risk situation to senior management.
- System environment: Calypso, Nordic Analytics, downstream systems & processes, MS Project
- Leadship for up to 30 employees and 10 business units.

========== 2007 ==========

Coordination New Product Process /Treasury & Trading State Bank
Consultant /Project Lead (IT) intern

Activities and Responsibilites:
Planning, implementing and controlling the different NPP requests from Investment Banking to the end, that new financial products will be integrated in the complex IT architecture of the bank.
- Analysis of business requirements for the integration of new products in the existing IT landscape.
- Design of the downstream processing of new products in cooperation with the concerned business units.
- Integration of new products in terms of technical changes and revised processes along the whole process-chain.
- Coordination of the technical and business sign-off process as a prerequirement for the approval to start trading.
- Ensure maintainability and efficiency of the implemented solution for line operations.
- Optimising the new product process regarding time-to-market, costs and quality.
- General Trading Systems are Kondor+, Calypso and Murex
- Reporting of project progress and risk situation to senior management.
- System environment: Kondor+, Murex, Sophis Risque, downstream systems & processes, MS Project
- Leadship for up to 30 employees and 10 business units.

========== 2006 ==========

Upgrade Trading System & Introducing Portfolio Compliance-checks Investment Manager
Consultant /Project Lead (IT) intern

Activities and Responsibilites:
- Providing new tradable asset classes for the fund management.
- Project Leadship for the release-upgrade of the central tradingsystem Apollo.
- Implementation of automatic portfolio pre-order compliance checks in Apollo.
- System environment: Apollo, Barra, downstream systems & processes.
- Functional and disciplinary Leadship of the team.

========== 2005 - 2006 ==========

Implementing OTC Interest Rate & Credit Derivatives Business Development Bank
Consultant /Project Lead (Capital Markets) intern

Activities and Responsibilites:
- Establishing the inter-divisional processes, roles and responsibilities for an efficient development of innovative financial products and derivatives.
- Enhancement of the existing process to introduce new products (NPP-process).
- Analysis and definition of appropriate quantitative models and methods for the valuation and risk management of the interest rate and credit derivatives portfolio.
- Development of corresponding hedging strategies together with the derivative traders.
- Implementation of the pricing models and derivative products in SCIFinance ASPEN, C/C++ and Python.
- Implementation of the valuation and risk functions in the tradingsystem FRONT ARENA.
- Definition of the documentation, test and sign-off processes for releases in close cooperation with the business units and IT/Org.
- Reporting of project progress and risk situation to senior management.
- System environment: FRONT ARENA /PRIME, Summit, SCI Finance, Mathematica, Moosmüller & Knauf, Numerix, downstream systems & processes, MS Project
- Leadship for up to 20 employees and 5 business units.

========== 2004 ==========

Pre-study for OTC Interest Rate & Credit Derivatives Business Development Bank
Consultant /Project Lead (IT) intern

Activities and Responsibilites:
- Conducting the pre-study for OTC Interest Rate & Credit Derivatives:
  -  Definition of processes, roles and responsibilities and, as a result of new duties, the need of additional resources in the different business units and IT/Org.
  -  Analysis of proper interest rate term-structure-models for the interest rate derivatives portfolio.
  -  Analysis of proper credit-risk-models for the credit derivatives portfolio.
  -  Analysis and comparison of standard pricing libraries available in the market against the option of proprietary development.
  -  Development of a prototype for the integration of external pricing libraries into FRONT ARENA.
  -  Planning the implementation project.
- Project Lead for the FRONT ARENA upgrade from version 1.5 to 2.1.
- Reporting of project progress and risk situation to senior management.
- System environment: FRONT ARENA /PRIME, Summit, SCI Finance, Mathematica, Moosmüller & Knauf, Numerix, Monis, QuantLib, MBRM, downstream systems & processes, MS Project
- Leadship for up to 20 employees and 5 business units.

========== 2003 ==========

Implementing FRONT ARENA & Setup Line Operations Business Development Bank
Consultant /Project Lead (IT) extern

Activities and Responsibilites:
- Project Lead for implementing Sungard FRONT ARENA.
- Project Lead for the FRONT ARENA upgrade from version 1.3 to 1.5.
- Functional FRONT ARENA support for treasury & trading, risk management and downstreaming business units.
- Implementing Collateral management for derivatives in FRONT ARENA.
- System environment: FRONT ARENA /PRIME, downstream systems & processes, MS Project
- Leadship for up to 20 employees and 5 business units.

========== 1999 - 2002 ==========

Enhancing & Optimizing the Fixed Income & Securities Finance Trading State Bank
Consultant (Capital Markets) extern

Activities and Responsibilites:
- Optimising business processes for the fixed income, swap and derivative trading by:
  -  capturing the product types and market usances (bonds, swaps, options, futures, FRA etc.).
  -  continuous improvement of valuation, profit & loss and risk calculations.
  -  implementing reports and interfaces for traders and downstreaming business units.
- Optimising business processes for the repo & security lending desk by:
  -  capturing the product types and market usances (repo, buy/sellback, security lending).
  -  continuous improvement of valuation, profit & loss and risk calculations.
  -  determining the security and cash positions.
  -  creating trade confirmations.
  -  handlung of manufactured dividends, haircuts and substitutions.
  -  collateral management including threshold observation.
  -  annual settlement of the repo accounts.
  -  introducing the electronic trading plattform "Eurex-Repo".
  -  implementing reports and interfaces for traders and downstreaming business units.
- Supporting Risk Management in controlling:
  -  valuation relevant curves.
  -  pricing informations.
  -  limit utilisation.
  -  risk figures.
  -  validity of user access rights
- Supporting Trade Control in:
  -  solving valuation issues.
  -  creating a trading independant profit & loss.
  -  conducting market conformity checks.
  -  parametrisation of FRONT ARENA.
- Supporting BackOffice in:
  -  creating trade confirmations.
  -  conducting control and recouncilation duties.
  -  initiating payments and delivering securities.
- Implementing regulatory requirements (Basel 1, MaH).
- Development, test and implementation of a concept for user access rights in FRONT ARENA.
- Archiving trades and profit & loss cutoff in the year-end procedure.
- Support of diverse FRONT ARENA release-upgrade projects (INTAS, ATLAS, PRIME).
- System environment: FRONT ARENA /PRIME, downstream systems and processes

========== 1993 - 1999 ==========

Trading Firms, Industry and Public Sector
IT-Consultant and Trainer extern

Abstract of Projects and Activities:
- Consultant Automotive:
  -  Large-scale project MERLIN (More Efficiency through Right Logistic INformations) to develop an integrated production, sales and logistic system.
  -  Project to develop a database solution to manage and consolidate cost on an enterprise level including the different international locations of the company.
- DV-Trainer at a Local Government to introduce Microsoft-Office in combination with Siemens ComfoDesk.
- Development of a Windows-based business solution (C/C++ with SQL database) for invoicing and accounting, designed for small and medium sized companies.
- DV-trainer for government-funded vocational retrainings with over 400 training days and workshops:
  -  Microsoft Office development
  -  Optimising the business with Microsoft Office
  -  Project planning with Microsoft Project
  -  Visual Basic development
  -  Data modelling and normalisation
  -  Database development with Microsoft Access
  -  SQL
  -  PC technology
  -  Network technologies

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