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Elena Malygina

  • London
  • 074 607 23 797

Head of Middle-office


I am an investment banking specialist with supervisory experience as Head of middle-office and  also solid technical background.  

For more than 7 years period of my carrier I have successfully realized several projects in the financial market sphere.

Field of my competence - design of business processes and IT systems for yield accounting and tracking of fraud operation.

Work History

Jul 2013Sep 2013

Chief Engineer-Technologist Condor +

Russian Agricultural Bank, JSC

Realization of the project of introduction of Front-Office system Condor + (securities accounting).
Analyzing business requirements. Development of new business processes.
Selection of the optimal strategy for business process automation.
Development of technical specifications for the implementation and subsequent maintenance of the technologies.
Harmonization of technical requirements, configuration and testing of the implemented functionality.
Download raw data and reconciliation.
Development of integration solutions, customization, testing. (Bloomberg, Diasoft)
The development of regulations documentation.

Oct 2011Sep 2012

Head of Middle-office

Novikombank, CJSC

 The system of tracking and monitoring  operations of the Treasury development “from scratch” and deployment.

Development and automation of reporting.
Optimization of business processes for the purpose of operational risks minimization.
Development of new forms of analytical reporting (using data and technologies of Bloomberg), presentations to collegiate authorities.
Deployment of trading platforms, front-office systems.
Daily position reporting: P/L (management accounting, cash method), utilization limits, payment schedule, the weight of the securities portfolio for H1 (capital adequacy ratio ).
Control quality of operations, tracking trader's faults. Evaluation of the effectiveness and market manipulation control.
Data collection, business process optimization, automation and control cash flows (subordinated to the positioner). Analysis of medium-and long-term liquidity. The development of the system of funding. Gap analysis.

Data reconciliation between front office, Bank balance and the depositary.
Planning and upholding of budget on the committee of business, subsequent budget performance monitoring. 
Organization and implementation of operational monitoring, accounting and control operations carried out by the Treasury.
Interaction with follow-up control units on discrepancies found (reasons, clarification of the circumstances, the search for ways of eliminating violations).

Oct 2010Oct 2011

Head of Middle-office

Moscow Bank for Reconstruction and Development, JSC

Support, development and optimization of the front-office  current  accounting records.
Creating a system (technology, business process) preliminary and current control of limits, including limits on client positions.
Deployment of limits supervisory control system(creation of technical design specification, customization, development  of guideline and project coordination protocol).

Business Administration Front-Office software and Limits control software.
Control of transactions (current and subsequent control), automatization of process (Stock transactions, OTC) .
Coordination of work of IT employees responsible for the maintenance and development of dealing technologies.
Development of the new Dealing products: brokerage (margin lending), investment deposits, metals. Description of business processes, profitability analysis, deployment system monitoring and control for client operations.
Checking and adjustment of front-office system work on correctness of accounting data.
Reconciliation of data integrity, data verification with back office and depository.
Creation of regulatory documentation to control limits.
Integration of front-office and back-office AIS of Bank (creation of business requirements, defining specifications, Finalization and approval with the developer). 
Optimization the external systems integration solution (Bloomberg, Reuters).

Aug 2009Sep 2010


Investment Bank OTKRITIE, JSC

Deployment of the front-office and limits monitoring systems, system administration. 
Development of the Bank's systems integration solutions: Reuters, Bloomberg (including SSEOMS).
Drawing up operational reporting on transactions for management personnel on a daily basis.

Limits and cash-flow control, Margin Call and Lombard list monitoring
The Bank's position support (from processing trade orders to counting the financial result of operations).
Support of Treasury operations.

Sep 2008Jul 2009

Expert of the Treasury Department


Support of the brokerage services:
-verification and reconciliation positions, cash balances and brokerage commissions 
-conducting of transactions on funding and allocation
-calculation and control of  funding sufficiency
-reconciliation of customer cash balances, brokerage commissions and Margin calls
-Front-office and Middle-office system data verification

Support of the bank proprietary positions:
-drawing-up an application for establishing limits of the credit risk and the subsequent support of the process of review and analysis of credit risk
-support of the limits control process
-reconciliation of data in the databank
-calculation and matching amounts requested limits for passing the limit of maximum level of exposure per group of borrowers
-automatization the limit control process

Mar 2007Mar 2008

Assistant Portfolio Manager

Gazprombank-asset management, CJCS

Trading operation on the stock market
Hedging strategies development , portfolio risk management
Drawing up a summary of the expected payments flows (coupons, depreciation, maturity) and new listings on the market
Performance reports for management solutions
Preparation of weekly portfolio yields reports (for submission to the Investment Committee)

Feb 2007Mar 2007

Intern of the derivatives market Department 

RTS Stock Exchange

Study of the procedures for creating and advancing the derivatives market. Participation in the development of methodological materials, as well as in organizing and conducting conferences.

Jun 2006Oct 2006

Economist (corporate lending)

Russian Capital JSCB (OJSC)

Counseling potential borrowers, evaluation of the borrower's financial condition, process automation, financial analysis, loan portfolio monitoring, protection of the client on the credit Committee, maintaining credit records, registration of administrative documentation.

Mar 2005Apr 2006

Specialist (banking retail services)

OJSC JSCB "Rosbank"

Curator of the investment product distribution through the retail Bank chain (development and implementation of schemes and plans of selling equity units, monitoring of the sales plan fulfilment).


Sep 2016Sep 2017

Master degree

Kingston University  London

Banking and Finance

Sep 2002Jun 2004

Master degree

Faculty of Economics, The Lomonosov Moscow State University

the specialty "International Economics"

Sep 1997Jun 2001

Bachelor degree

Faculty of Economics, The Lomonosov Moscow State University

the specialty "Economics"

Sep 1997Jun 1999

Faculty of Law, The Lomonosov Moscow State University

Financial, commercial and civil law


Dec 2006Dec 2006

Certificate series 1.0

The Federal Financial Markets Service (FFMS)

the qualification approval for Broker/dealer activity, securities trust

Dec 2006Dec 2006

Certificate series 5.0

The Federal Financial Markets Service (FFMS)

the qualification approval for managing companies of investment funds, unit investment funds, private pension funds

Courses Attended

2012The Bauman Moscow State Technical University  Oracle 11g: basics PL/SQL
2011The Bauman Moscow State Technical UniversityOracle 11g: basics SQL
2011The Bauman Moscow State Technical UniversityOracle 11g: Basics of Database Administration
2010The Bauman Moscow State Technical UniversityVBA developer
2010The faculty of Computational Mathematics and Cybernetics of Lomonosov Moscow State UniversityMicrosoft Certified IT Professional: Database Developer
2010Plekhanov Russian University of EconomicsFRM (The Financial Risk Manager)


IT skills
Excel developer
Bloomberg integration framework developer


Russiannative speaker
EnglishC1 (Ielts 7.0)