Torsten Weigel not available until 11/19/2018

Torsten Weigel

Financial Markets Senior Consultant

not available until 11/19/2018
Profileimage by Torsten Weigel Financial Markets Senior Consultant 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: 15.08.2018
KEYWORDS
PROFILE PICTURE
Profileimage by Torsten Weigel Financial Markets Senior Consultant from Oberursel
ATTACHMENTS
CV Torsten Weigel (German)
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CV Torsten Weigel (English)
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FRONT ARENA OnePager (German)
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FRONT ARENA OnePager (English)
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SKILLS

Self-employed consultant, business analyst and project lead 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 consultant, business analyst and project lead in the financial markets area:

REFERENCES

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FRONT ARENA Upgrade (Version 2012.1 to 2017.4)
FRONT ARENA Expert /Business Analyst (Bank, Capital Markets)
2017 / actual

Activities and Responsibilites:

• FRONT ARENA expert and central contact person for the business departments involved in the customer's FRONT ARENA upgrade project from the current version 2012.1 to the target release 2017.4. 
• Conducting a professional validation of the FRONT ARENA target release:
 - Checking the relevant calculated values (“Calculated Values Analysis”), in particular for the valuation, risk calculation and profit & loss determination.
 - Analysis and, if necessary, adaptation of the parameterization (for example, consideration of changed accounting and valuation parameters, context mappings and authorization objects).
 - Execution of a Value at Risk (VaR) probation calculation to determine the necessity of a regulatory parallel operation of the FRONT ARENA releases (if the VaR jump is greater than 1%).
 - Verification of the functionality for the external valuation library and the remote grid for the structured OTC products and certificates.
 - Analysis of data quality problems as well as the coordination of activities for their correction with line units (keyword: increased data quality requirements in the FRONT ARENA target release).
 - Coordination of the valuation relevant changes between the FRONT ARENA releases with the responsible line unit "Model Validation".
• Documentation and linking of the aforementioned analysis results with the affected FRONT ARENA test objects in Jira and HP Quality Center.
• Regular clarification of methodical changes between the FRONT ARENA releases as well as the identified software bugs with a customer panel of business matter experts.
• Coordination of necessary bug fixes and workarounds with the software vendor FIS in Stockholm and the FRONT ARENA development team at the customer's site.
• Professional support of the FRONT ARENA development team with the migration of customer-specific business logic to the target release.
• Coordination of the test procedure and planning with Test and Project Management.
• Support of the User Acceptance Tests (UAT) by providing detailed explanations for deviations in Trading Manager Workbooks, Python interfaces and ASQL queries.
• Regular reporting on management level about methodical findings of the Calculated Values Analysis and the current state of quality of the target release.
• System environment: FRONT ARENA /PRIME (ASQL, AEL, ACM, ADFL), Python, C/C++, SQL-Databases, ETL-Tools (Middleware), Microsoft Project, HP Quality Center, Jira


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FRONT ARENA Upgrade (Version 2012.2 to 2016.5)
Project Lead & FRONT ARENA Expert (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. €


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Implementing Quantifi CVA (Credit Valuation Adjustment)
Project Lead & Consultant (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. €


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Implementing interexa DMC (EMIR Risk Mitigation)
Project Lead & Consultant (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. €


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FRONT ARENA Upgrade (Version 4.2 to 2012.2)
Project Lead & FRONT ARENA Expert (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 platform (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. €


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FRONT ARENA Upgrade (Version 2.2 to 2012.1)
Project Lead & FRONT ARENA Expert (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. €


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

Activities and Responsibilites:

IT coordinator in the new product process, responsible for the planning and implementation of product applications from the Trading units and Treasury.
• 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. €


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Reorganization of IT for the business unit ETF
Project Lead & FRONT ARENA Expert (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. €


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Enhancing & Optimising the ETF Business in FRONT ARENA
Project Lead & FRONT ARENA Expert (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. €


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Implementing OTC Interest Rate Derivatives in FRONT ARENA
Project Lead & FRONT ARENA Expert (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. €


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Implementing OTC Interest Rate Derivatives in Calypso
Project Lead & Consultant (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 trading system 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. €


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Coordination of new product launches for Treasury & Trading
Project Lead & Consultant (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. €


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Upgrade Trading System & Introducing Portfolio Compliance-checks in Apollo
Project Lead & Consultant (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. €


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Implementing OTC Interest Rate & Credit Derivatives in FRONT ARENA
Project Lead & FRONT ARENA Expert (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. €


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Pre-study for OTC Interest Rate & Credit Derivatives in FRONT ARENA
Project Lead & FRONT ARENA Expert (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. €


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Implementing FRONT ARENA & Setup Line Operations
Project Lead & FRONT ARENA Expert (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. €


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Setup Fixed Income & Securities Finance Trading in FRONT ARENA
FRONT ARENA Consultant /Business Analyst (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 platform "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 /INTAS /ATLAS /PRIME (ASQL, AEL, ACM, ADFL), Summit, Moosmüller & Knauf, Python, C/C++, SQL-Databases, ETL-Tools (Middleware)


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

Activities and Responsibilites:

• 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


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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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