Torsten Weigel available

Torsten Weigel

Financial Markets Project Lead & IT Architect

available
Profileimage by Torsten Weigel Financial Markets Project Lead & IT Architect from Oberursel
  • 61440 Oberursel Freelancer in Germany
  • Graduation: Datenverarbeitungskaufmann
  • Hourly-/Daily rates: not provided
    Financial terms can be agreed in person.
  • Languages: German (first language) | English (business fluent)
  • Last update: 13.10.2017
KEYWORDS
PROFILE PICTURE
Profileimage by Torsten Weigel Financial Markets Project Lead & IT Architect from Oberursel
ATTACHMENTS
CV Torsten Weigel (Englisch)
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CV Torsten Weigel (Deutsch)
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SKILLS

Project lead and IT architect in the financial markets area and expert for the trading and risk management system FRONT ARENA /PRIME.

Personal Facts:

Core Competencies: Technical Skills: Certifications: I am interested in:

Assignments as project lead and IT architect in the financial markets area:

REFERENCES

FRONT ARENA Upgrade (Version 2012.2 to 2016.5)
Project Lead (Bank, IT)
2016 / 2017

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 (ASQL, AEL, ACM, ADFL), Python, C/C++, SQL-Databases, ETL-Tools (Middleware), Clarity, HP Quality Center
• Leadership for up to 30 employees and 10 business units.
• Budget responsibility: 3 Mio. €




Implementing Quantifi CVA (Credit Valuation Adjustment)
Project Lead (Bank, IT)
2015 / 2016

Activities and Responsibilites:

• Planning, conducting and controlling the system implementation of Quantifi CVA, a solution used for integrated exposure simulations of credit risks and refinancing 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, Java, C/C++, SQL-Databases, ETL-Tools (Middleware), FpML, Clarity, HP Quality Center, Jira
• Leadership for up to 30 employees and 2 business units.
• Budget responsibility: 8 Mio. €


Implementing interexa DMC (EMIR Risk Mitigation)
Project Lead (Bank, IT)
2013 / 2014

Activities and Responsibilites:

• Planning, conducting and controlling the system implementation of interexa DMC, a solution to support the regulatory EMIR risk mitigation: 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 (ASQL, AEL, ACM, ADFL), Python, Java, C/C++, SQL-Databases, ETL-Tools (Middleware), FpML, Clarity, HP Quality Center, Jira
• Leadership for up to 20 employees and 2 business units.
• Budget responsibility: 7 Mio. €


FRONT ARENA Upgrade (Version 4.2 to 2012.2)
Project Lead (Bank, IT)
2012 / 2013

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 (ASQL, AEL, ACM, ADFL), Python, SQL-Databases, ETL-Tools (Middleware), Clarity, HP Quality Center
• Leadership for up to 30 employees and 10 business units.
• Budget responsibility: 3 Mio. €


FRONT ARENA Upgrade (Version 2.2 to 2012.1)
Project Lead (Bank, IT)
2011 / 2012

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 (ASQL, AEL, ACM, ADFL), Python, C/C++, SQL-Databases, ETL-Tools (Middleware), Microsoft Project, HP Quality Center
• Leadership for up to 60 employees and 50 business units.
• Budget responsibility: 19 Mio. €


Coordination of new product launches for Treasury & Trading
Project Lead (Bank, IT)
2010 / 2011

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.
• Reporting of project progress and risk situation to senior management.
• System environment: FRONT ARENA /PRIME (ASQL, AEL, ACM, ADFL), Murex, Python, Java, C/C++, SQL-Databases, ETL-Tools (Middleware), Clarity, HP Quality Center
• Leadership for up to 30 employees and 10 business units.
• Budget responsibility: 3 Mio. €


Reorganization of IT for the business unit ETF
Project Lead (Bank, IT)
2010

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 (ASQL, AEL, ACM, ADFL), individual software ETF Trading & Market Making, Python, Java, C/C++, SQL-Databases, ETL-Tools (Middleware), Microsoft Project
• Leadership for up to 30 employees and 10 business units.
• Budget responsibility: 1 Mio. €


Enhancing & Optimising the ETF Business
Project Lead (Bank, Capital Markets)
2009 / 2010

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 (ASQL, AEL, ACM, ADFL), individual software ETF Trading & Market Making, Python, Java, C/C++, SQL-Databases, ETL-Tools (Middleware), Microsoft Project
• Leadership for up to 40 employees and 10 business units.
• Budget responsibility: 6 Mio. €


Implementing OTC Interest Rate Derivatives
Project Lead (Bank, Capital Markets)
2008 / 2009

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-divisional 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 (ASQL, AEL, ACM, ADFL), QuantLib, Python, C/C++, SQL-Databases, ETL-Tools (Middleware), Microsoft Project
• Leadership for up to 20 employees and 10 business units.
• Budget responsibility: 4 Mio. €


Implementing OTC Interest Rate Derivatives
Project Lead (Bank, IT)
2007 / 2008

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 Leadership and integration of the project teams, 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 trading book accuracy for complex innovative financial products.
• Reporting of project progress and risk situation to senior management.
• System environment: Calypso, Nordic Analytics, Java, C/C++, SQL-Databases, ETL-Tools (Middleware), Microsoft Project
• Leadership for up to 30 employees and 10 business units.
• Budget responsibility: 5 Mio. €


Coordination of new product launches for Treasury & Trading
Project Lead (Bank, IT)
2007

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.
• Reporting of project progress and risk situation to senior management.
• System environment: Kondor+, Murex, Sophis Risque, Java, C/C++, SQL-Databases, ETL-Tools (Middleware), Microsoft Project
• Leadership for up to 30 employees and 10 business units.
• Budget responsibility: 4 Mio. €


Upgrade Trading System & Introducing Portfolio Compliance-checks
Project Lead (Asset Manager, IT)
2006

Activities and Responsibilites:

• Providing new tradable asset classes for the fund management.
• Project Leadership for the release-upgrade of the central trading system Apollo.
• Implementation of automatic portfolio pre-order compliance checks in Apollo.
• System environment: Apollo, Barra, C/C++, SQL-Databases, ETL-Tools (Middleware), Microsoft Project
• Functional and disciplinary Leadership of the team.
• Budget responsibility: 1 Mio. €


Implementing OTC Interest Rate & Credit Derivatives
Project Lead (Bank, Capital Markets)
2005 / 2006

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 trading system 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 (ASQL, AEL, ACM, ADFL), Summit, SCI Finance, Mathematica, Moosmüller & Knauf, Numerix, Python, C/C++, SQL-Databases, ETL-Tools (Middleware), Microsoft Project
• Leadership for up to 20 employees and 5 business units.
• Budget responsibility: 3 Mio. €


Pre-study for OTC Interest Rate & Credit Derivatives
Project Lead (Bank, IT)
2004

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 (ASQL, AEL, ACM, ADFL), Summit, SCI Finance, Mathematica, Moosmüller & Knauf, Numerix, Monis, QuantLib, MBRM, Python, C/C++, SQL-Databases, ETL-Tools (Middleware), Microsoft Project
• Leadership for up to 20 employees and 5 business units.
• Budget responsibility: 1 Mio. €


Implementing FRONT ARENA & Setup Line Operations
Project Lead (Bank, IT)
2003

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 (ASQL, AEL, ACM, ADFL), Summit, Moosmüller & Knauf, Python, C/C++, SQL-Databases, ETL-Tools (Middleware), Microsoft Project
• Leadership for up to 20 employees and 5 business units.
• Budget responsibility: 1 Mio. €


Enhancing & Optimizing the Fixed Income & Securities Finance Trading
Consultant (Bank, Capital Markets)
1999 / 2002

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.
  handling 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 (ASQL, AEL, ACM, ADFL), Summit, Moosmüller & Knauf, Python, C/C++, SQL-Databases, ETL-Tools (Middleware)


Trading Firms, Industry and Public Sector
IT Consultant and Trainer
1993 / 1999

Abstract of Projects and Activities:

• IT 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

TIME AND SPATIAL FLEXIBILITY

I would prefer to be contacted for projects in these locations:

• Frankfurt am Main
• Germany (postcode area D4, D5, D6 and D7)

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