Sewando Mkuchu
Greater Boston,Massachusetts
Summary
Accomplished Financial Analyst with a current role as a Derivatives Analyst at JPMorgan Chase, where I excel in processing and reviewing OTC security-level valuations across diverse asset classes. I bring a proven track record of resolving valuation issues, providing subject matter expertise, and fostering a positive team environment. Proficient in financial reporting, data analysis, and collaboration with cross-functional teams, I contribute valuable insights to support strategic decision-making. Previously, as the Head of Treasury Middle Office at ABSA Bank Tanzania, I demonstrated exceptional leadership in managing product control and market risks. Leading a team, I ensured effective control environments and governance in Treasury, navigating risks for fixed income, currencies, derivatives, and commodities. My role involved validating accounting entries, reporting daily P&L, and contributing to treasury risk committee meetings. With a comprehensive background in Corporate Treasurer, I've successfully managed liquidity, cash flow, and relationships with bankers. I have a proven track record in mentoring teams on treasury matters, providing strategic awareness to stakeholders, and implementing process improvements. My organizational skills, proactive risk management, and commitment to continuous improvement align with the dynamic demands of financial analysis and strategic financial planning.
Overview
13
13
years of professional experience
2
2
Certifications
Work History
Derivatives Analyst
JP MORGAN AND CHASE BANK
10.2022
- Process and review Over the counter (OTC) security-level valuations provided by pricing vendors
- Review and interpret OTC derivative (Like swaps and options across multiple asset class (Rates / Credit / FX / Equity / Commodity) movements against related market data movements
- Liaise with pricing vendors to resolve valuation issues and minimize risk
- Provide subject matter expertise to support downstream and upstream teams
- Resolve internal and external client queries promptly and professionally
- Escalate all issues promptly and effectively
- Maintaining a positive attitude and collaborative work environment for the team
- Contribute to the ongoing development of the pricing control process
- Leverage technical and industry skills to identify operational improvements
- Ad-hoc project work as directed
- Products involved with: Credit default Swaps(CDS), CDS Option, Interest rate Swaps, Swaption, Motgage Backed Securities, Interest rate Swaps, Cross currencies Swaps, Total Return Swaps, Inflation Swaps, Options, Forex, Fixed income securities, Forwards, Equities valuation, Indexes valuation.
HEAD OF TREASURY MIDDLE OFFICE- PRODUCT CONTROL& MARKETS RISKS
ABSA BANK TANZANIA (BARCLAYS BANK)
07.2015 - 09.2021
- Assistant Vice President | Led a team in Treasury middle office/product control, spearhead control environment and governance in Treasury as well as sales and trading for fixed income, currencies, derivatives and commodities
- Manage all the risks in Treasury and Global Markets particularly Market risk and liquidity risk, management financial reports (Balance sheet and Profit and loss) for all Treasury and Global Markets
- Treasury Product accounting -To validate all the accounting entries for all products which are being traded (In banking book and trading book) by Treasury front office division
- To authenticate the reporting of the Balance sheet and profit and loss for the treasury products i.e
- To authenticate and report actual daily Pnl vs
- Traders flash
- To be the secretariat of the treasury risk committee by spear head the preparation of the pack and all the necessities in enhancement of committee meeting
- Provide the leadership in the treasury middle office division as a control function of the trading, treasury execution and treasury operations
- To provide awareness to all bank stakeholders on the objectives for the division for the short, medium and long term
- To act as a leader for the product control division framework as develop by group, where by the Unit is being a Product controllers for Sales and Trading, Treasury governance, Treasury execution, Retail and Corporate for some products
- Manage, analyse and be alert on the trader's behavior and act in time to prevent fraud in trading desk.
Treasury Manager
PRECISION AIR SERVICE PLC
10.2014 - 06.2015
- Lead a team for Treasury department in one of the major Airline company in Tanzania at very challenging times
- Managed liquidity and cash flow for company and ensured all obligations and ensuring we get enough funding for the company
- Successfully managed relationship with bankers and funding institution as well managed relationship well towards the whole company in relation of being Treasury spear head person
- Invested the excess cash as well as managed to hedge the company in risk such as foreign exchange risk
- Mentored team members on Treasury matters and successful managed to provide reports, analysis concerning market conditions, funding issues, return on investments, cash related risks and other similar topics.
Treasury middle officer/Markets Risk
EXIM BANK LTD
10.2012 - 09.2014
- Exim Bank T
- (2012-2014) | the solo operator and manager in relation to all the risk Pertaining Treasury (Trading book) unit reporting directly to head of risk who was Chief Risk Officer
- Review and proactively managed all the risk metrics limits e.g
- Periodic Value at risks in market risk, Sensitivity Measures such PV01, Stress test scenarios and ensured they were never breached as well as proactively consults with Global Markets units in case wrong prospects on limits adherence
- Successful developed ways to control or reduce risk within counter unit as all risk within treasury and Global Markets were from far managed by treasury middle office
- Managed Markets risk by ensuring all the reports and proper and timely escalated the risk to all stakeholders
- Developed a process flow documents for the unit as well as all other Treasury sub unit
- Produced different reports for the central banks returns, finance and management report in Asset liability committee for which the unit acted as secretariat of the major committee of the bank
- Successful conducted snap checks on all compliance issues in all units' Fixed income, currencies and commodities subunits as a way to manage the compliance risk within all sub units.
Trade finance analyst
FIRST NATIONAL BANK LTD
06.2011 - 10.2012
- One of the few member of the team who was in the initiate the bank from scratch particularly international finance or business
- Provided support in all trade finance (international trade area) by monitoring and judge on the shortfalls within trade and thereby provided guidance on them
- Identified problem areas and new business opportunities
- Conducted trainings on the products for branches staff who were front office to customer base
- Advised on the letter of credits and identified potential areas for the bank and client
- Issued foreign guarantee in terms of Uniform rules for demand guarantee
- Checked documents as part of the international finance jobs in terms of UCP 600, ISBP and URR725 to avoid discrepancies
- Showed knowledge and understanding on application for INCOTERMS, SWIFT formats, Nostro and Vostro accounts
- Resolved all queries finance issues.
International Operations officer
NMB PLC
02.2009 - 05.2011
- One of the few member of the team process the document and SWIFT system operations in making sure there is low risk for international products on bank customers doing business beyond Tanzania borders
- Processed all trade finance products in Guarantee, letter of credit and documentary collections
- Created all international SWIFT product to make sure trade finance is enhanced effectively
- Reconciled the accounts related to the bank
- Processed inward SWIFT received
- Processed all the reconciliations and managed all the customers' queries timely.
Education
Masters of Business Admistration (MBA) -
Hult Business School
Boston, MassachusettsBachelor of Commerce (BCOM-Finance) -
University of Dar Es Salaam
Dar es Salaam, TanzaniaSkills
Derivatives
Market Risk
Operational Risk Management
Volatility and risks computation
Greeks -how traders use them
P&L Management -end to end and product life cycle
Qualitative Analysis in risk management
Qualitative Research in risk management
Stress Testing and its bank-wide implementation as part of risk management
Trading, Fundamental analysis and Technical analysis for traders
Certification
ACI treasury dealers certificate for traders
Leadership Experience
- Catholic Church neighborhood secretary
- Chairman of team at my home town in Tanzania Dar es Salaam
Timeline
Derivatives Analyst
JP MORGAN AND CHASE BANK
10.2022
HEAD OF TREASURY MIDDLE OFFICE- PRODUCT CONTROL& MARKETS RISKS
ABSA BANK TANZANIA (BARCLAYS BANK)
07.2015 - 09.2021
Treasury Manager
PRECISION AIR SERVICE PLC
10.2014 - 06.2015
Treasury middle officer/Markets Risk
EXIM BANK LTD
10.2012 - 09.2014
Trade finance analyst
FIRST NATIONAL BANK LTD
06.2011 - 10.2012
International Operations officer
NMB PLC
02.2009 - 05.2011
Masters of Business Admistration (MBA) -
Hult Business School
Bachelor of Commerce (BCOM-Finance) -
University of Dar Es Salaam