Thomas Crosbie

I am a high performing, driven, inquisitive and proactive worker with a passion for the financial services industry. My performance and ability to handle complex problems and challenge the status quo is evidenced by my achievements while at KPMG, as further detailed below. I have 5 years’ experience working across a multitude of financial services clients, with a focus on treasury functions, financial instrument valuation and hedge accounting. While at KPMG I have managed multiple engagements, responsible for project management, coaching of junior team members and key stakeholder communications. I have gained direct exposure to large banking and corporate clients within New Zealand. Obtaining my CPA qualification has ensured I have a robust understanding of the relevant accounting and financial reporting requirements. In obtaining the FRM designation I will built upon the core competencies I have already obtained during my time at KPMG and via CPA. The key areas within the FRM curriculum focus on liquidity and treasury risk management, financial markets and products, valuation and risk models and quantitative analysis.

• Received a double promotion to Manager (Financial Risk Management) in April 2023, received an early promotion to Assistant Manager (Audit) in October 2021. This demonstrated I have consistently exceeded expectations in key areas such as those detailed below.
• Delivering high quality work that provides value and challenges the status quo
• Contributing to an inclusive and collaborative team environment
• Inspiring trust through exercising sound and ethical judgement
• Demonstrating an innovative approach
• Actively contributing to the development and motivation of peers and team members.
• Obtained a 1 performance rating (highest possible) for the FY20 and FY21 year and a 2 performance rating in FY22. This further demonstrates I was able to consistently perform above my peers, demonstrating a level of high performance in the same areas as detailed above
• Selected to complete a secondment to KPMG Amsterdam in FY22, while no longer occurring due to COVID-19, I was one of twelve selected nationally, demonstrating my high level of performance
• Received consistent positive feedback regarding my diligence, accountability, drive and resilience especially when under pressure

• FRM, 2024
• CPA, 2021

• Senior Advisor: Finanical Risk Management, KPMG New Zealand, 2022, 2023
• Graduate – Assistant Manager: Financial Services Audit, KPMG New Zealand, 2019, 2022

• IFRS 9
• NZ IAS 39 – Financial Instruments and Hedge Accounting
• IFRS 13 – Fair Value
• IFRS 7 – Financial Instruments Disclosures

• Hedge Accounting, Hedge accounting relationship compliance with the relevant accounting standard (IFRS 9, IAS 39). Proficient in the assessment of cash flow, fair value and net investment hedges. Robust understanding of valuation of hedging instruments (IRS, CCRIS, FX Forwards, Options) and the relevant hedge accounting components (i.e hypothetical derivatives).
• Treasury, Assessment of balance sheet and P&L impacts via excel modelling and sensitivity analysis, identifying key drivers of movements modelled. Creation of post separation FX hedge operating model and excel based hedge accounting model for New Zealand Rugby Union
• Valuation of Financial Instruments, Equities, Bonds, Interest Rate Derivatives, Futures, Options and Electricity Derivatives. All valuation procedures performed using Bloomberg.
• Liquidity and Market Risk, Analytical procedures over market risk sensitivity disclosures, assessing impact on shifts in underlying Interest Rates and FX Rates. Review of BNZ’s Markets BS11 policy and action plan in the event of separation from parent company. Review of required financial and regulatory disclosures in relation to Liquidity and Market Risk.
• Derivative and Collateral Management, Completed an end-to-end review of NZ SuperFund derivative and collateral management process. Covering key areas such as, governance and risk framework, trade execution and settlement, risk monitoring and reporting, ISDA/CSA set up and collateral/margin process.