Monzo Bank, UK
Group Head of ALM
Svetlana Kardan is a senior Asset-Liability Management and Treasury Risk professional with over 20 years of experience spanning liquidity risk, IRRBB, balance sheet management, and regulatory engagement across global banking institutions. Formerly Group Head of IRRBB, Stress Testing and Funding Risk at HSBC, Svetlana led enterprise-wide interest rate risk measurement, NII/EVE forecasting, and multi-jurisdictional regulatory engagement with the PRA, FCA, ECB/EBA and others. She has also held senior ALM advisory roles working with multiple banks to establish hedging frameworks, Funds Transfer Pricing methodologies, and Treasury operating models, and earlier in her career established the ALM desk at Commercial Bank of Qatar, implementing end-to-end ALM infrastructure including replicating portfolios. Svetlana’s expertise spans the full spectrum of balance sheet risk — including behavioural modelling, deposit analytics, structural hedging, prepayment and option risk, and liquidity stress testing under both Basel III/IV and UK regulatory frameworks. She has sponsored transformation programmes with budgets exceeding £100 million.
