Huseyin Karagul - Credit Risk Manager

Utrecht, Netherlands

Experience

Jan 2024 - Present

2 years 1 month

The Hague, Netherlands

Credit Risk Manager

NN GROUP

Serve as Credit Risk Manager at NN Group, supporting the Credit Risk Policy Team in CRCU for the AIRB Package Submission program
Coordinate with the modelling team as a key stakeholder, presenting options to address modelling-related deliverables
Utilize previous modelling expertise to read and interpret regulations, particularly focusing on tasks related to the Definition of Default, Forbearance, and CRCU structure, as part of supporting the Credit Risk Policy Team in CRCU

Apr 2023 - Jun 2023

3 months

Amsterdam, Netherlands

IRB Modelling Subject Matter Expert

LEASE PLAN

Set the regulatory requirements for the enhancement of the Lease Plan’s current credit risk models to be A-IRB compliant credit risk models
Collaborated with cross-functional teams, including risk management, commerce, and finance to identify the processes that generate such regulatory required data
Developed a comprehensive data dictionary to ensure the regulatory required data have the proper definitions and processes that generate such regulatory required data

Oct 2021 - Mar 2023

1 year 6 months

Utrecht, Netherlands

Risk Manager

ZANDERS

Advised clients on credit risk modeling, overseeing projects for A-IRB-compliant PD & LGD models, and conducted independent reviews and validations for diverse credit risk models, ensuring compliance with CRR, EBA GuPLE, and EBA GuDoD regulations to maintain accuracy and adherence to regulatory standards
Led an agile in-house project for SME Rating model calibration, overseeing business and process analysis, and ensuring the precise implementation of business requirements in alignment with the outputs of a regulatory review of the SME rating model against EBA LOM
Conducted a thorough evaluation of a Dutch Bank's corporate loans rating system against EBA LOM ensuring compliance with regulatory standards

Feb 2021 - Mar 2021

2 months

Utrecht, Netherlands

Consultant

DEMİR HALK BANK

Provided consultancy for the Credit Analysis Department, reviewing the 'Bank Methodology for Impact Analysis of FX Volatility' and conducting a GAP Analysis in alignment with EBA Guidelines on Loan Origination and Monitoring (EBA LOM)
Enhanced the “Bank Methodology for Impact Analysis of FX Volatility” and developed an Excel VBA based tool addressing the gaps versus the ones required in EBA Guidelines on loan origination and monitoring

Dec 2020 - May 2021

6 months

Amsterdam, Netherlands

Business Developer

ABN AMRO

Managed a project aimed at enhancing data quality and accessibility to optimize the profitability of Corporate Credit loan portfolios, with a primary focus on supporting A-IRB compliant credit risk models through agile methodologies
Contributed to business development initiatives for the Credit Data Management Team within the Corporate Credits Grid, showcasing proficiency in risk management, data analysis, project management, and stakeholder engagement using agile practices
Advised stakeholders on formulating techniques to ensure the adequacy, accuracy, and legitimacy of the data quality

Jul 2020 - Present

5 years 7 months

Utrecht, Netherlands

Founder

AMARANTH BROSE

Identified market opportunities and managed product development, including customized solutions, standardized products, and training
Directed marketing and promotion through social media, press releases, and industry events to enhance visibility and word-of-mouth
Developed financial estimates, cost projections, and business plans, including financial plans for break-even analysis and long-term solvency

Aug 2019 - Oct 2020

1 year 3 months

Utrecht, Netherlands

Senior Market Risk Manager

RABOBANK

Managed multiple projects (such as LIBOR Transition, MUREX Implementation) in the Market Risk Methodology function, not only serving as an advisor but also working with other departments in the Financial Markets domain
Monitored Sovereign, Financial Institutions, Corporate risks in the IRC portfolio, proposed improvements following a comprehensive review of existing PD, LGD models, transition matrices, and all IRC model components for Sovereign, Financial Institution, and Corporate type issuers, while ensuring compliance with CRR, GuIMO, and GuIDMRC regulations and incorporating new risks into Rabobank’s market risk framework
Addressed supervisory findings (TRIM Obligations) related to the IRC models and carried out regulatory exercises like the EBA stress test

Sep 2018 - Aug 2019

1 year

Utrecht, Netherlands

Senior Credit Risk Modeler

RABOBANK

Led the LGD CURE stream using Agile methodologies, coordinating the team in the development of an A-IRB-compliant model
Played a pivotal role in leading the LGD CURE stream by coordinating the team to make timely deliverables meeting expected quality standards
Contributed to the development of the A-IRB-compliant Corporate LGD CURE Model through efforts to address methodological, regulation (CRR, EBA GuPLE, EBA GuDoD, EBA NPE), and relevant coding needs

Jan 2017 - Jun 2018

1 year 6 months

Wrocław, Poland

Lead Quantitative Analyst

CRISIL

Conducted model benchmarking and independent reviews for counterparty credit risk models while engaging in global credit/market risk analytics client projects within CRISIL GR&A's investment banking portfolio
Provided independent review and validation of a variety of risk models, including Counterparty Risk xVA Modelling (PFE, EE, EPE, EEPE measures) and margin models for BCBS (FRTB) and ISDA (SIMM)
Played a pivotal role in risk software development, business analysis, contributing to IFRS 9 and AIRB solutions for Credit Risk

Feb 2016 - Jan 2017

1 year

İstanbul, Turkey

Sabbatical Leave

Dedicated my academic focus to developing methodologies for Risk Appetite and Financial Fragility Indices, concurrently enhancing my software proficiency and refreshing econometric skills

May 2014 - Feb 2016

1 year 10 months

İstanbul, Turkey

Vice President of Risk Management

FINANSINVEST

Established and led the risk management department, providing organization-wide consulting services, designing governance frameworks, while advising executive management on risk appetite frameworks and implementing centralized corporate hedging
Played a key role in developing risk software and analyzing business processes, contributing to ALM, Market Risk & Margining Mechanism software implementation

Aug 2012 - Apr 2014

1 year 9 months

İstanbul, Turkey

Financial Services Risk Manager

ERNST & YOUNG

Led the reconstruction and revitalization of the Istanbul FSRM team while simultaneously creating new business opportunities by providing quantitative risk advisory to major financial institutions, overseeing the development and validation of IRB-compliant rating systems, scorecards, and pricing models in strict adherence to Basel regulations
Advised clients in aligning risk appetite frameworks with regulatory requirements (Basel, ICAAP) and business objectives

Jul 2008 - Jul 2012

4 years 1 month

İstanbul, Turkey

Assistant Risk Manager

ISINVEST

Led the risk management department, providing organization-wide consulting services, designing governance frameworks, while advising executive management on risk appetite frameworks and implementing centralized corporate hedging
Played a key role in developing risk software and analyzing business processes, contributing to ALM, Market Risk & Margining Mechanism software implementation

Aug 2006 - Jul 2008

2 years

İstanbul, Turkey

Assistant Credit Risk Manager

FINANSBANK

Advised the senior management by running credit risk analyses to help them to effectively manage credit portfolios
Developed and implemented internal credit risk (PD, LGD, EAD) IRB-compliant models, rating systems, and scorecards for Corporate, SME, and Retail (Auto, Mortgage, Consumer Finance, Credit Card, Overdraft) segments

Nov 2005 - Aug 2006

10 months

İstanbul, Turkey

Risk Consultant

RISKACTIVE CONSULTING

Played a pivotal role in risk software development, business analysis, and business development, contributing to solutions for Market Risk, Internal Rating, and Scorecard
Assisted in the preparation and execution of User Acceptance Testing, including Impact Analysis, and coordinated with business on requirements, developing and supporting the required applications

Jul 2004 - Nov 2005

1 year 5 months

İstanbul, Turkey

Credit Risk Specialist

KUWAIT-TURK (KTEFH)

Conducted in-depth analysis of credit portfolio performance, proposing risk mitigation solutions, and co-led strategic initiatives including the Corporate Rating Project and Consumer Finance Scorecard Project

Summary

With over 20 years of experience in risk management, I specialize in developing and implementing risk strategies within the banking and corporate sectors. My expertise spans credit, market, asset-liability, and counterparty risk management, including the development, validation, and review of credit risk models for A-IRB, stress testing, and IFRS 9 compliance. I ensure adherence to Basel III, CRR, and EBA guidelines. I lead risk functions with a comprehensive understanding of complex risk dynamics, continuously optimizing frameworks for enhanced efficiency and resilience.

Skills

Database Platforms: Ms-access, Ms-sql
Programming: Python, R, Ms-excel Vba
Statistical Software: Minitab, R, Spss
Trading Platforms: Reuters 3000xtra, Reuters Eikon, Bloomberg

Languages

Turkish

Native

Dutch

Advanced

English

Elementary

Polish

Elementary

Education

Sep 2003 - Jul 2009

University of Kadir Has

Philosophy of Doctorate in Finance · Finance · İstanbul, Turkey

Aug 2000 - Jun 2002

University of West Georgia

Master of Business Administration · Business Administration · Carrollton, United States

Sep 1995 - Jun 1999

University of Istanbul

Bachelor of Science in Economics · Economics · İstanbul, Turkey

Certifications & licenses

Advanced Level License

Turkish Capital Markets Board

Derivative Products And Markets License

Turkish Capital Markets Board

Corporate Governance Rating License

Turkish Capital Markets Board

Credit Rating License

Turkish Capital Markets Board

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Experience

Credit Risk Manager

NN GROUP

IRB Modelling Subject Matter Expert

LEASE PLAN

Risk Manager

ZANDERS

Consultant

DEMİR HALK BANK

Business Developer

ABN AMRO

Founder

AMARANTH BROSE

Senior Market Risk Manager

RABOBANK

Senior Credit Risk Modeler

RABOBANK

Lead Quantitative Analyst

CRISIL

Sabbatical Leave

Vice President of Risk Management

FINANSINVEST

Financial Services Risk Manager

ERNST & YOUNG

Assistant Risk Manager

ISINVEST

Assistant Credit Risk Manager

FINANSBANK

Risk Consultant

RISKACTIVE CONSULTING

Credit Risk Specialist

KUWAIT-TURK (KTEFH)

Summary

Skills

Languages

Education

University of Kadir Has

Philosophy of Doctorate in Finance · Finance · İstanbul, Turkey

University of West Georgia

Master of Business Administration · Business Administration · Carrollton, United States

University of Istanbul

Bachelor of Science in Economics · Economics · İstanbul, Turkey

Certifications & licenses

Advanced Level License

Turkish Capital Markets Board

Derivative Products And Markets License

Turkish Capital Markets Board

Corporate Governance Rating License

Turkish Capital Markets Board

Credit Rating License

Turkish Capital Markets Board

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