Mervyn Iles

Mervyn Iles

A career banker for 42 years with a leading global financial institution with responsibilities covering a wide range including relationship management, credit risk, change/transformation, audit, sales, operational risk, fraud oversight, operations and governance. His sphere of activities has an international footprint covering Western Europe, USA, Africa, UAE, India, Russia, Pakistan and Mauritius. Business segments include Corporate/Commercial, Off Shore Enterprises, Retail and Wealth & Investment Management.

Areas of Expertise

  • Loans, bonds, guarantees and other advances to companies, partnerships, individuals and other entities.
  • Sector specific finance for property development and investment, highly leveraged transactions & acquisitions, government supported schemes, trade finance, marketable securities, factoring, asset finance, invoice discounting and supplier finance.
  • The formulation, implementation and adherence of/to banking policies, procedures and operating processes.
  • Credit operations, security taking, post sanction fulfilment and monitoring & control of complex lending.
  • Property valuation panel management.
  • General banker/customer relationship and contract issues.
  • Dispute resolution arising from customer complaints.
  • FCA regulatory issues including treating customers fairly, anti-money laundering and sanctions).
  • Foreign exchange and derivatives.
  • Deposit taking, both retail and wholesale.
  • Corporate governance, committee structures and chairing of committees.
  • Turnaround, recovery and collections in the event of customer default and/or failure.
  • Internal audits, assurance and conformance design and testing.
  • Cross border and offshore banking.
  • Netting, pooling, set-off arrangements and payment/settlement exposures.
  • UK and international incident investigation.
  • New Product Approval.
  • Operational risk enterprise wide and specific risk control assessments.

Career Summary

Barclays Bank Mauritius Ltd. Cyber City.
Chief Risk Officer – March to July 2014

  • Interim role encompassing corporate & retail credit risk, operational risk, fraud management and market risk for both onshore and offshore banking.

Barclays Bank PLC, London.
Head of Direction & Oversight, Global Risk Governance, Corporate Banking and Wealth & Investment Banking Risk – October 2012 to December 2014 (excluding four months period as above).
Key responsibilities/achievements:

  • Harmonisation of policy and control frameworks across a global footprint between two previously organisationally independent businesses.
  • Member of major committees (spanning UK, Europe & Asia) covering mandate, scale & appetite, fraud oversight and Basel 2. Chairman of two credit risk governance committees.
  • Global special assignments covering US, Spain, Italy, France, Portugal, Russia, Germany, India, UAE, Pakistan, Tanzania, Mozambique and Ghana.

Head of Governance & Assurance, Corporate Banking Risk – 2007 to October 2012
Key responsibilities/achievements:

  • Built and maintained a robust e2e control framework for Corporate Credit Risk which contributed to loan losses remaining within predicted appetite despite the severe financial crisis and recession which ensued.
  • Developed assurance testing directed at key risks and ensured senior management addressed performance issues where appropriate.
  • Expanded remit into Western Europe and undertook special investigations into specific geographic risks on a global basis.
  • Created a commercial/residential property valuations management function to control and supervise a multi-billion pounds collateral portfolio.
  • Chairman of governance committees.

Head of Asset Quality, Corporate Banking Risk – 2005 to 2007
Key responsibilities/achievements:

  • Led a programme to create Risk Control Units to place post sanction fulfilment, control and monitoring of corporate credit risk products into specialist functions removed from the front line. This entailed recruitment and/or redeployment of 350 staff. Maintained full functional line responsibility for these units until they were sufficiently mature to enable transfer to operations some two years later.
  • Built an assurance function with international focus designed for continuous quality testing. This contributed to the maintenance of high standards at a time when front line pressure to do marginal business was at its peak.

Credit Risk Director, All Industry Sectors, Corporate Banking Risk – 2003 to 2005
Key responsibilities/achievements:

  • Team Leader of 30 credit officers and 50 analysts devoted to larger business transactions up to individual exposures of £100m covering all sectors apart from structured finance.
  • Maintained a balanced view of risk with the need to grow the business in line with corporate strategy.

Barclays Bank PLC, Birmingham
Credit Risk Director, Manufacturing, Corporate Banking Risk – 2002 to 2003
Key responsibilities/achievements:

  • Team Leader of 10 credit officers and a similar number of analysts of the UK wide larger business manufacturing portfolio with discretions up to £30m of exposure.
  • Keeping standards and service levels high during a period of major change when former regional teams were replaced with national industry focused ones.

Barclays Bank PLC, Reading
Credit Risk Director, Southern, Corporate Banking Risk – 1998 to 2002
Key responsibilities/achievements:

  • Built a new Southern Region team of credit officers and analysts through the merger and consolidation of five former offices spread across the south.

Barclays Bank PLC, Luton
Credit Risk Director, North London & Luton Regional Office, Corporate Banking Risk – 1994 to 1998
Key responsibilities/achievements:

  • Credit counterparty risk management: team leader of 15.
  • Turnaround and Recovery of a recession period portfolio.

Programme Manager, Retail Risk Change, Retail Banking – 1994
Key responsibilities/achievements:

  • Delivered a major project in the region on time and budget which centred on the segregation and functionalising of sales, risk and service.

Barclays Bank PLC, Bucks.
Area Corporate Manager, Corporate and Retail Banking – 1992 to 1994
Key responsibilities/achievements:

  • Led a team of 5 managers responsible for managing corporate relationships and developing business.

Branch Manager – 1989 to 1992
Key responsibilities/achievements:

  • Revitalised a branch through transforming customer service and building professional relationships in the community.

Barclays Bank PLC, Herts and Bucks.
Operations Manager, Corporate Banking Risk – 1986 to 1989
Key responsibilities/achievements:

  • Delivered a series of branch mergers and centralisation of functions during a period of major restructuring of the network and systems.

Barclays Bank PLC, West of England and Home Counties
Auditor, Internal Audit – 1981 to 1986
Key responsibilities/achievements:

  • Designed and embedded some of the earliest risk based auditing techniques in replacement of former “by rote” auditing.
  • Undertook many special investigations into highly complex and often sensitive, difficult situations/issues/crises.

Various Roles
Barclays Bank PLC UK
1972 to 1981
Key responsibilities/achievements:

  • Various roles in front and back office, including leading small teams and risk analysis at a regional office.
  • Sound grounding in e2e banking.
  • Selected for and attended a two year residential business studies course at Bournemouth University, sponsored for and paid for by Barclays one of only 30 from the entire Barclays Group employee base.

Qualifications
Chartered Institute of Bankers. Completed Associateship Examinations 1976

Email: [email protected]
Phone: +44 7775 547263

Areas of Expertise