Terence Pinto

Dubai Gold & Commodities Exchange , Clearing & Risk

• Development, testing and implementation of a new Risk Management System including automation of Daily Stress Testing, Back-Testing, Initial Margin modelling and Default Fund sizing
• Establishing controls, policies, and procedures for the Risk management framework of
• DCCC in line with global best practices
• Revamped Risk policies and procedures for the CCP establishing a robust Risk Manage- ment Framework
• Assisted in designing the Default Fund structure and Default Waterfall critical to Risk man- agement of DCCC, the design revamped many aspects of Risk Management
• Working on an ongoing migration for DCCC’s Post trade technology to the Nasdaq Finan- cial Framework acting as the subject matter expert for CCP Risk Management
• Collateral Management and Clearing operations across the post trade life cycle of DCCC
• Worked towards ESMA recognition for DCCC as a Third Country CCP
• Developed and implemented the hypothetical capital computation for the CCP under the
• Standardized approach for Counterparty Credit Risk (SA-CCR)
• Monitoring Market risk, Portfolio Risk, DCCC Counterparty Credit Risk, Settlement Risk,
• Liquidity Risk, Wrong way risk, Collateral Investment risk, Concentration risk and pro- cyclicality issues
• Secretary of the Risk Committee of the CCP
• Regulatory reporting for IOSCO, EMIR, CCP12 ,SCA and MAS
• Collateral management
• Managing settlements for the physically delivered Spot Gold contract at DGCX
• Financial Markets Professional, Automation of Daily Risk activities at DGCX
• Nasdaq Financial Frame- work at DGCX
• Optimization of Post trade operations at NSE Clearing

• Futures Clearing and FX Prime Brokerage
• Key responsibilities:
• Online and post trade risk management of trades in the Equity segment of NSE
• Monitor- ing of member positions and portfolio risk
• Measuring capital adequacy requirements of members, monitoring of member perfor- mance and track record, maintaining margin requirements, position limits based on capi- tal
• Back-testing of historical VaR for margin sufficiency and periodic stress testing
• Collateral Management of Members of the exchange
• T+1 clearing operations of Equity trade life cycle such as custodial confirmation and trade rejections
• Handling devolvement of trades due to non-confirmation by custodians
• Worked on a project for the implementation of a flat 10% margin on Bonds rated A/ AA/
• AAA or equivalent which were listed on the NSE
• Optimization of Post trade operations
• Reduction in TAT for dissemination of margin reports of the Capital market segment and

• Risk Management Group NSE Clearing, responsibilities:
• Trade confirmation and clearing of trades of clients of Citigroup Global Markets in the exchange traded Equity derivatives and Currency Derivatives Segments
• Daily PnL and client margin reporting
• Maintaining a strong operational risk framework in Trade processing activities
• Managing Margin calls
• Collateral Management
• Regulatory Reporting and Compliance
• Reconciliations.