KERRY SHEEHAN
Sydney ,NSW
Summary
Performance driven, solution orientated Executive with 15 years experience in Financial Services across various global jurisdictions. Strong experience in transforming risk, audit and compliance functions. A proven track record in driving effective risk management solutions, business partnering and embedding programs and a strong risk culture. Skills and capability to manage end to end projects, with the goal to drive strategy and business performance.
Experience in the Insurance and Lending industries with responsibility for core regulatory interactions and experience working cohesively with Executive Management, Business Intermediaries and Strategic Partners, Boards and internal and external stakeholders. An energetic and collaborative leader who can inspire others to get behind a goal and achieve success.
Overview
10
10
years of professional experience
1
1
Certification
Work History
Chief Risk Officer
Bluestone Home Loans
01.2021 - Current
- Leading a team of professionals with coverage of Legal, Risk, Compliance, Credit Risk and Internal Audit and Co-Sec
- Creation of risk management framework through design and implementation of relevant governance forums, policies, risk and control frameworks
- Fostered productive business partnerships with team members and outside representatives to benefit personal understanding of risk factors and strengthen influence
- Created risk based KPIs and RAS measures for effective measurement and monitoring of risk across material risk categories to drive actions that created value for company
- Influence and drive strategy through identification of opportunities and challenge in various forums
- facilitation of Entity Risk Assessment against business plan with Executive Workshop and Board presentation
- Effective reporting and escalation to relevant forums and Committees, Executive and Board to drive business prioritisation and investment and to manage downside risks
- People management to lead successful team and support staff day to day with delegation of tasks (6 direct reports and team of 13)
- Introduction of core governance and risk platform to be source of truth for all risk and compliance matters
- Uplift and simplification of risk processes for continuous improvement
- Deep dive of emerging risk topics and presentation of recommendations to Executive
- Creation of ESG Policy, ESG governance structures and ESG commitment with actions for delivery as ESG Executive Sponsor for the company
- Presentation and Training on Risk Management Framework activities and components for new starters
- Established and oversaw application of operational risk policies, technology and tools and governance processes to create lasting solutions for minimising losses.
- Applied subject matter expertise and industry knowledge to provide independent oversight to operational risk management activities.
Head of Risk
Life and Investments and Shared Services
03.2019 - 01.2021
- Risk management framework transformation following M&A to combine 2 businesses
- Leading team with varying skill and capability to deliver on the risk business plan
- Project management and roll out new APRA regulatory requirements for CPS 234
- Part of Leadership response to Covid 19 ways of working during the pandemic
- APRA regulatory interactions for key projects and fortnightly meetings as tier 1 ADI
- Increased 2nd line oversight of core processes and controls within business
- SteerCo risk representation for core strategic projects including data migration and breach remediation projects
- Ownership and maintenance of key policies e.g. Fraud, Business Continuity and Outsourcing
- Liaising with Group colleagues in Head Office for capital reporting requirements for group reserving and solvency calculations
- Business continuity planning and integration including alternate site provisioning
- Risk business support in the implementation of new systems for incident management and outsourcing including process mapping, system requirements and user testing for successful go live
- Risk Appetite Statement review and analysis with preparation of Board packs for Board discussion and approval
- Risk reporting analysis and preparation for integration of OPL entity and readiness for management and Board reporting on completion of the purchase
Senior Risk Manager - M&A Integration
Zurich Financial Services
04.2018 - 02.2019
- Execution of the risk stream project work for the purchase and integration of OnePath Life (OPL) with the Zurich Life and Investments business, this included gap analysis, capability assessments, change plans and design of future state
- Accountable for risk deliverables under the risk stream as the workstream lead, reporting to key stakeholders (Project, CRO and ANZ counterparts)
- Risk lead the conducting risk assessments at the work stream levels and providing risk advice and insights for core integration project deliverables
- Integration of the Zurich Risk Management Framework for OPL on completion of the purchase which include policy updates, assurance to be conducted, control identification, training and onboarding, capital adequacy processes
- Risk Management Strategy review and gap analysis followed by actions for implementation
- Testing for compliance with global policy requirements and roll out of new operational key controls
- Review, analysis and action plans for implementation of core risk policies and procedures that sat in first line
Global Audit Portfolio Manager
Zurich Insurance Australia
01.2018 - 04.2018
- Audit Lead for Life, Functions and Regulatory audits locally, responsible for audit plan development and delivery
- Global Portfolio Manager for APAC regional audits and those with a risk or compliance focus globally (25+ portfolio)
- Managing teams up to twelve (theme) plus coordinating subject matter resource, IT and data analytics expertise
- Responsible for project planning and deliverables, including milestones, reporting and assignment of tasks
- Management of staff across different global jurisdictions including large thematic audits
- Role of Risk and Compliance Competency Lead designed to assist wider global team with technical queries
- Assisting Head of Audit in preparation of Audit Committee reporting and management information to Group Audit in Switzerland including presenting
- Planning and risk assessment in order to draft appropriate audit scope
- Adding value by identifying inefficient processes and procedures, areas of potential non-compliance and sharing best practice
- Review of audit work papers, terms of reference and reports
- Engaging with Senior Management and Executive for agreeing scope and findings in report; issuing professional quality reports outlining control weaknesses, other observations and concise actions required to rectify issues identified
- Taking ownership of actions to management to ensure evidence is obtained to support their resolution
Audit Lead L&I (Audit Manager)
Zurich Insurance Australia
01.2015 - 12.2017
Audit Manager
Zurich Insurance UK
09.2013 - 01.2015
Education
Qualified Accountant (ACA) – First time passes -
Institute of Chartered Accountants of Scotland (ICAS)
London, UK2012
LLB (Hons) - Law
King's College
London2005
Skills
- Project management
- Design and Execution on strategy initiatives
- Operational and Enterprise Risk Management expertise
- Executive, Board and Stakeholder management
- Report writing and presentation
- Assurance and controls
- Budget planning and management
- Data analysis to drive insights
- Business Transformation
- Core Compliance and Regulatory Expertise
- Strong People and Relationship Management
- Policy and Process Improvement
Accomplishments
- Set up and embedding of newly created Risk Management Framework, including, capability, assurance, portfolio management, reporting and key processes
- Build out of the risk culture framework using quantitative assessments and underlying activities to support risk awareness. Moved business risk culture performance substantially over 3 year period
- Set up and delivery of a program of work for customer experience with focus on strategic priorities and risk management actions related to retention of customers
- Delivery of a new governance, risk and compliance platform with fully integrated dashboard capabilities for all things risk and compliance (incidents, breaches, obligation management, risk assessments, controls, assurance, decisions and governance) to time (4 months) and budget
- Set up a team to resolve pricing process issues which resulted in 2 day reduction in pricing changes, forward planning to reduce risk and reducing risk of errors ultimately supporting profit goals and compliance
- Delivery of successful integration of risk functions and requirements under a Transactional Services Arrangement and transition to single function following M&A
- Design and roll out of financial risk core components of stress testing and model risk management
Affiliations
Member of ICAS (CA)
Executive Sponsor for Bluestone ESG Commitment and Committee
Member of Australian Institute of Directors
Certification
- Set up and embedding of newly created Risk Management Framework, including, capability, assurance, portfolio management, reporting and key processes
- Build out of the risk culture framework using quantitative assessments and underlying activities to support risk awareness. Moved business risk culture performance substantially over 3 year period
- Leading the redesign and uplift of sourcing processes for heightened risk management, tender selection and commercial outcomes
- Set up and delivery of a program of work for customer experience with focus on strategic priorities and risk management actions related to retention of customers
- Delivery of a new governance, risk and compliance platform with fully integrated dashboard capabilities for all things risk and compliance (incidents, breaches, obligation management, risk assessments, controls, assurance, decisions and governance) to time (4 months) and budget
- Set up a team to resolve pricing process issues which resulted in 2 day reduction in pricing changes, forward planning to reduce risk and reducing risk of errors ultimately supporting profit goals and compliance
- Delivery of successful integration of risk functions and requirements under a Transactional Services Arrangement and transition to single function following M&A
- Design and roll out of financial risk core components of stress testing and model risk management
Timeline
Chief Risk Officer
Bluestone Home Loans
01.2021 - Current
Head of Risk
Life and Investments and Shared Services
03.2019 - 01.2021
Senior Risk Manager - M&A Integration
Zurich Financial Services
04.2018 - 02.2019
Global Audit Portfolio Manager
Zurich Insurance Australia
01.2018 - 04.2018
Audit Lead L&I (Audit Manager)
Zurich Insurance Australia
01.2015 - 12.2017
Audit Manager
Zurich Insurance UK
09.2013 - 01.2015
Qualified Accountant (ACA) – First time passes -
Institute of Chartered Accountants of Scotland (ICAS)
LLB (Hons) - Law
King's College
- Set up and embedding of newly created Risk Management Framework, including, capability, assurance, portfolio management, reporting and key processes
- Build out of the risk culture framework using quantitative assessments and underlying activities to support risk awareness. Moved business risk culture performance substantially over 3 year period
- Leading the redesign and uplift of sourcing processes for heightened risk management, tender selection and commercial outcomes
- Set up and delivery of a program of work for customer experience with focus on strategic priorities and risk management actions related to retention of customers
- Delivery of a new governance, risk and compliance platform with fully integrated dashboard capabilities for all things risk and compliance (incidents, breaches, obligation management, risk assessments, controls, assurance, decisions and governance) to time (4 months) and budget
- Set up a team to resolve pricing process issues which resulted in 2 day reduction in pricing changes, forward planning to reduce risk and reducing risk of errors ultimately supporting profit goals and compliance
- Delivery of successful integration of risk functions and requirements under a Transactional Services Arrangement and transition to single function following M&A
- Design and roll out of financial risk core components of stress testing and model risk management
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