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Volha
volha.karpiyevich@gmail.com
646-689-6937
New York, NY 10001
Finance Projects Regulatory Reporting and CCAR
13 years experience W2
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Summary

Volha Karpiyevich has amassed a diversified set of skills by working within several industries including: finance, insurance and capital markets. Throughout her experiences in these industries, she succeeded in a variety of company cultures and environments ranging from small to large corporations. Hands on experience in change management activities related to FRB changes, well versed on analyzing detailed and completed Financial and Regulatory Reports. Excellent knowledge of accounting principles (US GAAP/IFRS) & methods and ability to apply and adapt established methods to various accounting problems. With over 10 years of industry experience across multiple functions, she has worked on capital reporting, stress testing, financial forecasting, financial planning and reporting, reinsurance and cost accounting. Prior to joining Ernst & Young, Volha worked at AIG where she was responsible during the first two years for the financial management and analysis including forecast, budget and variance analysis of the three AIG legal entities. During the last year, Volha was promoted to the Financial Analyst FRY-14 Reporting –CCAR and was responsible for the compilation of details FRY-14 Templates, Schedules and Narratives. CPA Candidate

Experience
IHC Regulatory and CCAR Reports
Jun 2016 - present
  • Experienced in regulatory reports including: FR Y-9C, FR Y-11/S, FRY-15, FR Y-9LP, FR Y-12, FFIEC 009/A, FRY-14A, FRY-14Q, FFIEC 102, TIC BC, TIC BL-1, TIC BQ3, 5G, FFIEC 002/s, FFIEC-019, TIC-BC, TIC-BL1, TIC-BL2, TIC-SLT, TIC-SHCA, TIC-SHLA amongst the other reports. SIT/UAT handling, application functionality walkthrough with users, troubleshooting and appropriate solutioning, production issue resolution and business user support; production Change Management.
  • Provided functional support to the reporting teams during filing for CCAR and IHC Regulatory Reports (FR Y-9C, FR Y-11, FR Y-9LP, FR Y-12, FR Y-15, FFIEC 009, FFIEC 102, FREY-14A/Q)
  • Implemented of end-to-end Regulatory Reporting application, using Axiom to handle and automate reporting process for FFIEC 031 (CALL) and FR-Y9C Reports, with over 30 different schedules. The main activities include Interpretation and Analysis of Federal Instructions to identify key business elements for each reporting line of the associated schedules; Project Implementation phase including data sourcing analysis, data controls establishment, transformation within application and end state automation of Report Generation; and any further BAU change management.
  • Created BRDs (Business Requirement Documents) needed to meet implementation requirements and to create functional specifications document to automate the process of reporting FRY-9C into Axiom. Responsible for precise reporting inputs and documented data attributes for the FRY-9C, FRY-14-A/Q/M. Interacted with the development team, business stakeholders and management to address questions and bugs, ensuring timely delivery of build. Prepared format test suites consisting of test models, test cases/scenarios, along with the associated business rules based on the requirements.
Regulatory Reporting CCAR
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Senior Advisor
Dec 2014 - Dec 2016
Provided an initiative supporting for a large FBO in performing a data gap assessment to preliminary assess readiness of data availability for Fed’s FRY-9C report submission. The major activities included conducting interviews with the client to determine data availability, and performing high-level data profiling and data quality checks for existing data, developing data requirements for FRY-9C schedules and summarize data attributes, working closely with the client counterparts throughout the complete preparation/reporting process
  • mapping data into FRY-9C line items, preparing supporting documentation, and performing edit checks, etc.
  • Collected and validated data on several schedules of the FRY-14Q report for the Comprehensive Capital Analysis and Review (CCAR) supervisory program.
  • Performed in-depth analysis to confirm the accuracy of financial and regulatory statements, transactional reports, various asset and liability accounts, system to system reconciliations, and quarter over quarter variance, by comparing system reports using Excel tools and other methods of verification
  • Gained a comprehensive understanding of, and instructed others on, the FR Y-9C, FR Y-11, FRY-9LP, FFIEC 009 and other reports which are related to the granular balance and transactional presentation of international bank branches and nonbanking financial institutions operating in the United States
  • Developed Business and Functional Requirements for the preparation and reporting IHC Regulatory Reports (FRY-9C, FRY-11/S, FFIEC 009/A). The main activities include interpretations of Federal Instructions to identify key business elements for each reporting line of the associated reports/schedules required for developing Axiom Logic, determine availability of each KDE required for sourcing, conducting source analysis, conducting workshops to identify data providers, and writing Axiom transformation logic
CCAR Regulatory Reporting
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Business Analyst, CCAR Reporting
Dec 2011 - Dec 2014
CCAR Supported the Manager overseeing reporting activities for Capital Planning, Stress Testing and Financial Forecasting Fed Reporting.
  • Provided subject matter expertise in FRY-14 Reporting, respective change management activities, routine reporting communication guidance, direction, and control adherence.
  • Assisted in FRY-9C to FRY-14 reconciliation and compilation of details FRY-14 Templates, Schedules and Narratives.
  • Conducting interviews with the client to determine data availability, and performing high-level data profiling and data quality checks for existing data, developing data requirements for CCAR schedules and summarize data attributes, working closely with the client counterparts throughout the complete preparation/reporting process
  • mapping data into CCAR line items, preparing supporting documentation, and performing edit checks Financial Planning and Reporting
  • Responsible for the financial management and analysis of the three Internal Reinsurance Divisions with a total of one billion dollars in their reserves
  • Enhanced the quarterly process by reducing financial close by 2 days
  • Developed and analyzed financial budgets and forecasts for the divisions
  • Analyses of variances for actual vs. current forecast, budget & prior year and current and past trends in key performance indicators.
  • Developed and implemented a monthly and quarterly loss report for the divisions that saved $2.2M in 2012 Strategic and Operations:
  • Along with Reinsurance FP&A and Operations Teams developed the Reinsurance Analytic to analyze and budget $10B of ceded premium by product profitability
  • Supported $17B DTA project sustainment by providing CAT split by division and UW year
  • Participated in $20M Asbestos Portfolio transfer to the internal management account and 3rd Party that reduced company’s risk exposure and improved capital efficiency.
CCAR
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Accountant
Oct 2008 - Dec 2011
Reinsurance Accounting:
  • Prepared $500M book reinsurance quarterly underwriting results and analyzed for internal and external reporting on a GAAP, Statutory and Management reporting basis
  • Reviewed the processing of accounting statements to ensure compliance with contract terms
  • Reviewed accounts with the major brokers including contracts term and conditions
  • Analyzed transactions on the journal entries appropriateness
  • Analyzed contracts profitability including contingent commissions analysis. Executive Management Board Award for suggestion about leveraging alternative distribution channels.
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Jr. Accountant
Dec 2007 - Dec 2008
Financial Accounting :
  • Performed month-end closing duties including preparation of journal entries and reconciliation of general ledger accounts.
  • Prepared inter-company billings and inter-divisional work authorizations.
  • Assist in the creating of financial templates for trend and variance analyses and month-to-month comparison. Cost Accounting:
  • Performed fixed asset accounting duties including capitalization, depreciation and asset retirements
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CCAR
2021
9
Regulatory Reporting
2021
6
Auditing
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1
CPA
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1
Financial Analysis
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1
Financial Crimes
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1
Sarbanes-Oxley
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1