The views and opinions expressed in this article are those of the thought leader as an individual, and are not attributed to CeFPro or any particular organization.
By Ashish Deccannawar, Senior Manager/ Director, TD Bank
Mr. Deccannawar our interviewers are experts with distinguished pedigrees but would like to ask how you arrived at this point in your career working for one of the largest foreign-based banks in the U.S.? Specifically, how you qualify to address trends in the niche of liquidity risk management.
Liquidity risk management is a niche area and relatively new as banks really started to focus on liquidity risk post the 2007-2008 financial crisis due to regulatory requirements and thus there are very few experts in this space. I have been working in the liquidity risk management space for a while now. I started my career at one of the Big four consulting firms, where I advised several Global Systemically Important Institutions (1) U.S. Banks (US GSIBs); (2) Foreign Banking Organizations (FBOs); and (3) Insurance companies in addition to numerous U.S. Regional Banks in the area of liquidity risk management. Specifically, my work involved enhancing their Internal Liquidity Stress Tests, Contingency Funding Plans, methodology to calibrate the Liquidity Coverage Ratio (LCR) and Fr 2052a–Complex Institution Liquidity Monitoring Report. This experience really gave me a horizontal view of the industry and best practices in the hyperspecialized liquidity risk management field. I was always intrigued by the structure of foreign based banks due to their global footprint. My current employer, a foreign bank, gives me the opportunity to be a part of the US and global financial system to make sure the financial industry is safe and sound and resilient to liquidity shocks.