Experience | Artem Kovalev

Budapest, Hungary · June 2018–Present

Citi

July 2025–Present

Local Regulatory Reporting

Lead an 85+ person multicultural organisation across two countries, accountable for local regulatory reporting for 30+ European legal entities representing more than USD 230 billion in total assets.
Own end-to-end delivery governance across BAU and regulatory change, including operating model, capacity, coverage, controls, escalation and senior stakeholder management.
Lead reporting, regulatory change and specialist teams, including the UK Bank Levy reporting function, and direct the controlled implementation of regulatory, data and technology change into BAU.
Lead cross-regional strategic initiatives across Citi’s 450+ person International Regulatory Reporting organisation, coordinating delivery across EMEA and LATAM.
Hold delegated functional sign-off authority for 65+ parallel testing engagements and represent the function in tollgate and implementation governance.
Strengthen reporting integrity and operational resilience through standardisation, automation and control enhancement, while building clear accountability and leadership capability through managers and senior subject-matter experts.

November 2024–July 2025

Led the local regulatory reporting workstream for complex, regulatory-driven firm-wide change programmes across EMEA, APAC and LATAM.
Coordinated testing, implementation readiness and BAU integration across 50+ participants, including senior managers and multi-layered teams.
Translated regulatory and programme requirements into reporting impacts, execution plans, operational controls and sustainable BAU processes.
Improved reporting operations for legal entities representing more than USD 100 billion in assets through workflow simplification, automation and operational-risk mitigation.

February 2022–November 2024

Led a 38-person finance organisation delivering regulatory reporting across seven Western European countries, including private banking entities, representing more than EUR 70 billion in assets.
Owned delivery, capacity, issue escalation, control enhancement and senior stakeholder engagement across a complex multi-country reporting portfolio; temporarily extended oversight to six additional Central European countries through nine team leads and subject-matter experts.
Designed and implemented a workforce-planning solution covering capacity, task allocation, periodic reviews and ad hoc demand.
Standardised and automated reporting processes, established subject-matter expert groups and strengthened accountability across Finance and Technology.

January 2020–February 2022

Led multi-jurisdictional regulatory reporting delivery across two EU countries, Ukraine and Kazakhstan.
Strengthened reporting controls and data integrity through reconciliations, root-cause analysis, issue remediation and clearer process ownership; managed regulatory, audit and senior stakeholder enquiries.
Led implementation of a new regulatory reporting system from requirements analysis through integration, testing, business analysis and code review, while developing team capability through technical training.

June 2018–January 2020

Prepared regulatory returns for the Central Bank of Russia covering liquidity, statistical reporting, capital adequacy and market risk.
Led the design and implementation of automated reporting solutions for Kazakhstan National Bank returns, reducing manual effort and operational risk.
Interpreted new regulatory requirements and translated them into reporting methodologies, data logic and operational processes.

Russia, Slovakia and Cyprus · May 2011–June 2018

May 2011–June 2018

Initially alongside banking career; full-time from 2016

Held executive responsibility for strategy, client delivery, commercial development, financial planning and company operations for a boutique financial advisory business serving banks and corporate clients.
Led engagements covering risk-management process reviews, due diligence, business planning, M&A support, process optimisation and automation.
Advised shareholders, owners and senior executives, presenting and defending recommendations in decision-making forums while managing geographically distributed delivery across regions and time zones.
Supported negotiation, mediation and conflict resolution in complex stakeholder environments.

Moscow, Russia · December 2010–February 2016

July 2013–February 2016

Led an 18+ person geographically distributed risk function covering credit risk, operational risk, liquidity risk, portfolio analytics, model development and risk reporting.
Reported to the Chairman and Board and presented risk assessments and recommendations to the Risk Management Committee, Credit Committee, shareholders and senior management.
Designed and implemented scoring, counterparty-assessment and portfolio-monitoring methodologies for retail, corporate and interbank exposures.
Led the risk workstream for an automated core banking system migration, maintaining continuity of data, models, processes and controls across a distributed team.
Developed methodologies that supported fivefold growth in the retail loan portfolio while maintaining leading market asset-quality performance.

December 2010–July 2013

Risk Manager; Risk Department Specialist; Securities & FX Specialist

Managed portfolio analytics, borrower scoring, counterparty assessment, collections analysis, stress testing, liquidity assessment and Basel II implementation support.
Developed predictive and multifactor models, automated vintage and portfolio analysis, and coordinated evidence and issue resolution for regulatory, investor and audit reviews.