Kristina Frykstad

• Responsible for Line 2 oversight, ensuring that Liquidity risk within RFB Group is controlled and that the first line of defense functions are managing the risk within the risk appetite approved by the Board.
• Leading a team of risk professionals and overseeing the calculations of internal and regulatory risk metrics for the control and monitoring of SanUK liquidity risk as the second line of defense.
• Responsible for the review and challenge of the ILAAP liquidity stress testing assumptions and chair of the Stress Testing Assumption Review meetings with the business areas and Treasury.
• Attending and presenting at Santander UK ALCO on market risk matters.
• Monitor and report the Risk positions to senior management, Board and Executive Committees.
• Responsible for the development of risk policies and frameworks that are aligned to companywide risk appetite and regulatory guidelines.
• Responsible for developing and implementing liquidity risk stress testing, including climate risk stress testing.
• Provide oversight of Recovery and Resolution Framework in the areas of Funding in Resolution, MREL and Restructuring and reviewing and challenging the recovery and resolution plans for the Bank.

• Challenge and review the development of ALM risk management proposals and development of risk policies.
• Leading the development of relevant risk models for identifying, monitoring, and controlling the ALM risks for Santander UK, model owner of structural risk models.
• Leading a team of risk professionals and overseeing the calculations of risk metrics for the control and monitoring of SanUK structural risk as the second line of defense.
• Responsible for ALM risk management activities including risk appetite development, ICAAP processes and reporting of risk positions.
• Influencing business strategy and direction.

• Working proactively on regulatory, legislative and policy initiatives responsible for a portfolio covering e.g., IRRBB, Pillar 2 Framework, stress testing, SREP, CCPs, leverage ratio, FRTB and the Basel III finalization.
• Member of the EBF working group on IRRBB for Santander.
• Actively preparing for the next phase of the EU’s Capital Requirements Directive/Regulation.
• Participating in meetings with regulators, supervisors (e.g., EC, EBA, ECB and national competent authorities) and the industry dealing with regulatory matters contribution to industry expertise and informed debates about regulation.
• Representing Banco Santander as a member of the AFME Prudential Regulation Board which sets AFME’s broad policy focus and objectives on prudential issues (e.g., CRR/CRD and Basel developments).

• Managing the risk analytics team providing on-going updates, monitoring, and control on IRRBB to ALCO and key
  internal stakeholders including pro-active quantitative analysis, ICAAP and risk appetite, BAU updates of ALM
  assumptions.
• Chairing the UK working party on IRRBB/CSRBB regulatory change (13 UK banks and the British Banking
  Association) and lead on the official UK BBA industry response to the Basel consultation on IRRBB, Santander
  Group lead on IRRBB regulatory change.
• Work stream lead on EBF and IIF industry reports (equity modeling).
• Invited as subject matter expert to meetings with EBA officials responsible for IRRBB, the EC and the ECB representative on the Basel TFIR.
• Representing Santander at international forums e g the IIF and EBF as well as interaction with the Basel TFIR, EBA, ECB and EC.
• Invited as one of five European banking representatives to EBF discussion with ECB.

• Developing hedging proposals to ALCO of LBG’s structural risks (IRRBB, credit spread risk, FX, and inflation risk) to
  protect and enhance the Group’s earnings.
• Shaped and implemented the risk framework for management of CVA (Credit Valuation Adjustment), DVA (Debit Valuation Adjustment) and FVA (Funding Valuation Adjustment)
• Leading work on regulatory change agenda for IRRBB for the Group including communicating horizon risk to senior management, leading UK Industry working group and participating in the IIF and EBF working groups representing LBG.
• Led the IRRBB ICAAP methodology review for the Group’s Pillar 2 capital assessment ensuring compliance with regulatory requirements and strategic alignment to CRDIV guidelines.
• Achieved Top performing rating within three months of joining the bank.
• Nominated for and completed the Bank’s Future Leaders’ Program.
• Awarded Finance Star for the successful delivery of CVA/DVA/FVA risk management framework.
• Committee member of the UK Asset Liability Management Association representing LBG.
• Panel speaker on ALM topics (Marcus Evans Annual Liquidity Conference 2014; Strategic ALM issues, ALMA conference June 2013; Single Rule Book in Europe).

• Provide a source of subject matter expertise to GBS businesses e.g., the mortgage broker business on Operational
  risk and Compliance risk related matters as a member of the Risk and Audit Committee and as part of the
  Leadership Team.

• Supporting Treasury Senior Management in developing, implementing, and monitoring risk management practice
  and policy frameworks within Group Treasury.

• Driving, supporting, and coordinating development and changes in the regions: UK, NZ, Asia, and US in the areas of
  Interest Rate Risk and Liquidity and providing Interest Rate Risk Liquidity model and methodology expertise,
  including analytical and quantitative analysis.

• Working closely with the Head of UK Non-Traded Market Risk in setting up the new risk function.
• Received ‘Risk Star Award’ from UK CRO, Tom Burns

• Supporting daily and monthly risk management processes: Use of risk analytics as part of ALM function to capture
  evolving risk profiles, provided transfer pricing rates and maintained the FTP system, operation of the VaR and EaR
  models.

• Operations Officer at Risk Assist – Australian Wheat Board responsible for processing and settling trades for risk solutions in the commodity market.
• Reconciling outstanding trades, fees and contracts with growers, valuing options structures for Consumer Business, providing confirmations and expiry notices for options structures.
• Maintained and managed access databases for growers and grain hedging products.

• Risk Manager responsible for introducing new financial instruments (e.g. bonds and repos) into Finance Kit and the trading system.
• Measuring, analyzing and reporting market and credit risk for Ericsson Treasury Services ensuring adherence to risk limits set by the Board.
• Managing, maintaining and publishing foreign exchange rates for Ericsson Group globally for Accounting purposes.
• Preparation of responses to regulatory changes mandated by SOX.
• After trade management responsible for settling all FX and Money Market deals such as swaps, spot, futures, bonds, ECP, MTN. Fixing of interest rate swaps and managing collateral agreements with counterparty banks. Releasing all treasury payments according to cut-off times.
• Achieved outstanding results for payments and effective cash pooling. Successfully managed all testing for the After trade management for upgrading the finance system, Finance Kit.
• Promoted after one year to Risk Management.

• Won National Certificate of High Achievement for successful business and outstanding contributions for the Sisley
  brand in New Zealand 2003.
• Awarded with Certificate of Appreciation from Kirkcaldie & Stains for providing an exceptional standard of
  customer service.

Swedish food company Estrella, a market research and analysis of the German food market. Berlin, Germany