Summary
Overview
Work History
Education
Skills
Personal Information
References
Work Achievements
Membership And Training
Timeline
Generic

Michael Singh

Valsayn

Summary

Dynamic financial professional with extensive experience at the Central Bank of Trinidad and Tobago, excelling in risk management and compliance. Proven track record of enhancing governance practices, leading to a 20% reduction in identified issues. Strong analytical skills and effective communication foster teamwork and drive impactful results in banking supervision.

Overview

26
26
years of professional experience

Work History

Examiner

Central Bank of Trinidad and Tobago
10.2013 - Current
  • Supervision and risk assessment of a portfolio of licensed financial institutions in Trinidad and Tobago.
  • Monitored and analyzed the financial performance of financial institutions regulated by the Central Bank, identifying key risk areas and recommending corrective actions.
  • Assessed the governance of financial institutions through on-site and off-site examinations, leading to improved compliance and risk management practices.
  • Processed new license applications, ensuring compliance with legislation and prudential requirements.
  • Prepared comprehensive examination reports and followed up on the implementation of action plans to rectify deficiencies, resulting in a 20% reduction in identified issues.
  • Researched emerging financial issues related to banking, supervisory, and regulatory matters, providing insights that informed policy decisions.

Senior Analyst, Banking, Trust and Investments

Bermuda Monetary Authority
04.2008 - 12.2012
  • Supervision and risk assessment of a portfolio of licensed financial institutions in Bermuda.
  • Planned and led inspection teams to conduct compliance audits on licensed entities using a risk-based approach.
  • Conducted AML/ATF reviews on licensed entities to ensure compliance with AML/ATF regulations.
  • Reported on-site findings with recommendations to Senior Management and Executive.
  • Analyzed financial statements and other data provided by the licensed entities.
  • Processed new license applications and made relevant recommendations to licensing Committee.
  • Evaluated enquires form regulatory bodies and provide advice and/or make recommendations for resolution.
  • Provided support to the Analyst and other support staff.

Investment Analyst

First Citizens Asset Management Limited
09.2005 - 03.2008
  • Responsible for the day-to-day investment management of an assigned portfolio of approximately $2 billion in Mutual and Pension plan funds.
  • Provided analytical and information support for the investment of Mutual and Pension funds under management.
  • Analyzed investments in line with the Mutual and Pension Fund’s objectives and constraints and prepare investment recommendations to the Investment Committee for approval.
  • Monitored investment environment locally and internationally.
  • Prepared financial information both on the market environment and on Mutual and Pension Funds and providing analysis and status reports for management, Investment Committee and clients.
  • Prepared and presented presentations of Mutual and Pension Funds performance to various clients and committees.
  • Developed and maintained a yield curves for the pricing of bonds in conforming with IAS 39.
  • Performed daily treasury management.
  • Coached and mentored the Investments Clerks in cash management.
  • Assisted the department in implementing new systems to improve process efficiency.

Internal Auditor

First Citizens Group Internal Audit
02.2004 - 08.2005
  • Conducted reviews of the operational, credit and financial processes of the Bank’s network, assessing its adequacy, efficiency and effectiveness towards risk management & goal congruence.
  • Performed post loan reviews to determine whether the Bank’s credit policies are effectively implemented.
  • Performed tests to determine the level of compliance to the Bank’s polices and procedures.
  • Played a key role in the transformation from Compliance auditing to Risk Based Auditing.
  • Audited capital markets investment instruments including bonds and commercial papers.
  • Reviewed test scripts for procedural changes, product development, and computer system documentation, for new and amended systems and products.
  • Identified and provided input to cost-effective solutions that led to process improvement to the audit customers and the department’s internal processes.

Properties Officer

First Citizens Bank Limited
07.2003 - 01.2004
  • Managed a portfolio of Bank properties targeted for sale.
  • Conducted site visits to properties targeted for recovery action.
  • Liaised with valuers, surveyors, real estate agents, attorneys and bailiffs.
  • Arranged and follow up on judgment proceedings prior to mortgagee sale.
  • Collated information on properties to be advertised for sale and ensured the security and maintenance of all properties.

Recoveries Officer

First Citizens Bank Limited
03.2000 - 06.2003
  • Managed a portfolio of mortgage accounts in arrears and undertaking of related security functions.
  • Assisted in meeting budgeted collection targets on delinquent accounts.
  • Prepared proposals for the restructure and/or negotiated settlements.
  • Assessed customer’s financial status, and made decisions regarding appropriate arrangements.
  • Pursued legal action up to and after the point of judgment.
  • Provided financial planning/counseling.

Assistant Teacher and Tutor

St Augustine Senior Comprehensive School
09.1999 - 06.2000
  • Tutored Form 4 and Form 5 students for CXC General Proficiency Exams in Mathematics and Principles of Accounts.

Education

Masters in Business Administration (MBA) -

Heriot Watt University
12.2007

ACCA -

Association of Chartered Certified Accountants (A.C.C.A.)
12.2003

Skills

  • Financial Analysis
  • Risk Management
  • Compliance
  • Auditing
  • Investment Management
  • Banking Supervision
  • Credit
  • Anti-Money Laundering
  • Microsoft Office Suite
  • Communication
  • Leadership
  • Problem-Solving
  • Teamwork
  • Governance assessment

Personal Information

  • Date of Birth: 08/26/80
  • Nationality: Trinidadian
  • Marital Status: Single

References

  • Dr. Kevin Maraj, Consultant Physician – NWRHA, 868-794-1783
  • Mr. Derek Mohammed, Partner- Deloitte, 868-620-9483, 9, Ariapita Avenue, POS
  • Mr. Anthony St. Clair, Corporate Manager – First Citizens Group Internal Audit Department, 868-623-9091(W); 868-741-5414(M), 80-84 Charlotte Street, Port of Spain, Trinidad and Tobago

Work Achievements

  • Employee of the Year 2006 (First Citizens Asset Management)
  • Employee of the Quarter January to March 2006 (First Citizens Asset Management)
  • First runner-up Employee of the year 2005 (First Citizens Group Internal Audit)

Membership And Training

  • Credit Risk training
  • Risk Based Supervision
  • Anti-Money Laundering Training – Bermuda Monetary Authority
  • Inspection and Oversight of Market Intermediaries – U.S. Securities and Exchange Commission
  • Enterprise Risk Management (ERM) - Institute of Internal Auditors of Trinidad and Tobago
  • Commercial Credit Analysis – First Citizens Bank Limited
  • Fraud - 21st Century Perspective – First Citizens Bank Limited
  • Public Speaking and Presentation Skills - Madonna Sampson-Doyle
  • Intensive Credit Risk Training - CariCRIS
  • Supervisory Management – Donald Walker
  • Risk Based Banking Supervision Workshop – Caribbean Regional Technical Assistance Centre
  • The 7 Habits of Highly Effective People – Franklin Covey
  • Focus Workshop – Franklin Covey
  • Presentation Skills – Friesen, Kaye and Associates

Timeline

Examiner

Central Bank of Trinidad and Tobago
10.2013 - Current

Senior Analyst, Banking, Trust and Investments

Bermuda Monetary Authority
04.2008 - 12.2012

Investment Analyst

First Citizens Asset Management Limited
09.2005 - 03.2008

Internal Auditor

First Citizens Group Internal Audit
02.2004 - 08.2005

Properties Officer

First Citizens Bank Limited
07.2003 - 01.2004

Recoveries Officer

First Citizens Bank Limited
03.2000 - 06.2003

Assistant Teacher and Tutor

St Augustine Senior Comprehensive School
09.1999 - 06.2000

Masters in Business Administration (MBA) -

Heriot Watt University

ACCA -

Association of Chartered Certified Accountants (A.C.C.A.)

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