Management Risk

Mike Shapiro

** ***** **, *** #**, Rockville Centre, NY 11570 ? 516-***-****/516-455-

**** (cell) ? **********@*******.***

Executive Summary

. Adaptable and multi-tasking banking leader with multinational

experience focused on delivery, thriving in challenging situations.

. History of promotion to progressively more senior executive Front

Office, Risk Management and Infrastructure positions.

. Consultative and strategic expertise in supporting business evolution

and reorganizations, acquisition integrations, performance

measurement, change and program management, and re-engineering

particularly in trading room capital markets activities.

. Responsible for initiatives with exposure of up to $2.6 billion,

managed $250-300 million in program investments/cost bases, built and

led teams as large as 500 FTEs, governed a capital portfolio of $2.0

billion and led the formulation of an over $1.0 billion revenue

entity.

. Champion of critical enterprise-wide initiatives working with,

presenting to, participating on, and enhancing efficacy of Board,

Management and Governance Committees while involved in significant

levels of regulatory interaction.

Work Experience and Some of My Noteworthy Achievements

INVESTMENT ADVISOR REPRESENTATIVE/INDEPENDENT CONTRACTOR: (2008-present)

. Fortified regulatory standing and knowledge base by passing the FINRA

Series 63 and 65 exams and obtaining licensing designations.

. Providing financial advice to clients with varying degrees of appetite,

acumen and objectives focusing on securities portfolio management;

investing hallmarks balance asset class, geographic and sector

diversification, independent and trustworthy ratings, competitive

commissions, fees and expense ratios, suitability, and ensuring

appropriate liquidity and banking asset levels are maintained.

. Enhanced fiduciary reputation by educating clients during 2008 market

dislocation through clear and constant communication to ensure no

unnecessary realized losses were taken and portfolios were well-positioned

for eventual market recovery.

. Developed financial models, pro-forma projections, scenario analyses and

business plans for entrepreneurial start up ventures; considering

application for National Football League financial advisor license status

while working with an already licensed Player Agent.

. On top of current banking enterprise, reputation and operational risk

management developments through participation in industry forums.

MANAGING DIRECTOR, INVESTMENT BANKING OPERATIONAL RISK MANAGEMENT - Credit

Suisse: (2007-08) [FUNCTION ELIMINATED]

. Leveraging proven Front, Middle and Back Office operational risk

management successes, initiated use of new exposure disciplines

implemented in the US and rolled out across all Investment Banking

Division's trading room asset classes and regions.

. Developed qualitative operational risk reporting for trading room

divisions focused on risk prioritized issue identification and

aggregation.

. Sponsored trading room operational risk management system creation to

bolster efficiency and effectiveness of newly instituted processes.

CONTRACTING CONSULTANT - Ithaca Group, Inc. (Banking/Risk Management

Advisory Firm): (2006-07)

. Authored operational risk management, reputation risk management and

business continuity management & change management articles.

. Prepared analytical target summaries researched across a range of

financial institutions (regional, super regional, trust and custody

banks).

. Assisted Societe Generale in achieving Basel II market risk compliance;

worked for Operations and with Finance, Technology and Market Risk

Management implementing sustainable reconciliation and break/aged items

policies, procedures, standards and processes.

Canadian Imperial Bank of Commerce (CIBC): (1992-2006)

SENIOR VICE PRESIDENT & CHIEF ADMINISTRATIVE OFFICER OF TREASURY, BALANCE

SHEET & RISK MANAGEMENT - GLOBAL HEAD OF CORPORATE, OPERATIONAL,

REPUTATION & LEGAL RISK (reported directly to the Vice-Chair & Chief Risk

Officer): (2002-06)

Regulatory/Reputation & Legal Risk: Fulfilled US Department of Justice

Order pursuant to $2.6 billion Enron settlement

. Led Reputation Risk Program development, implementation and

sustainability (with Legal) required in order for Bank to remain

operating in the US during 3 year probationary period; met all

provisions and as a consequence, probation was lifted.

. Established Program elements including: Reputation Risk Policy,

Financial Transactions Oversight Committee, training regimen,

Whistleblower/Ethics Hotline; proactively quarterbacked interaction

with regulators, Justice Monitor and independent auditors.

. Extended Program worldwide to cover Retail Banking, Wealth Management,

infrastructure and governance functions.

Program Management/Operational Risk: Co-exec sponsor $250-300 million Basel

II Accord Implementation Program

. Built 500+ FTE Program team aligning dedicated work stream and systems

resources with regulatory requirements.

. Managed Operational Risk work stream which was successfully completed

under budget and ahead of schedule.

. Re-engineered the Bank's Operational Risk Program implementing AMA

optimizing $2.0 billion in operational risk capital usage; 1st

Canadian and one of 1st global bank(s) to achieve and receive

regulatory compliance and approval.

Boards & Committees/Business Reorganizations/Re-engineering

. Regular presenter to Board Risk Committee, Management's Asset &

Liability Committee (ALCO) and Governance & Control Committees on

reputation/operational risk; ALCO Secretary (2002-06); voting member

of Governance & Control Committee (1999-2006).

. Re-engineered Board Risk Committee's mandate ensuring compliance with

Bank Act requirements and synchronization with Management Committee

processes, and introduced technology to enhance efficiency of meetings

and information flow to/from directors/ presenters.

. Project managed: (1) integration of Risk Management, Treasury & Balance

Sheet Management functions; and (2) re-engineering of risk management,

measurement and monitoring roles and responsibilities among Retail Credit

Risk Management, Credit Cards and Mortgages.

SENIOR VICE PRESIDENT, CAO & CFO - TREASURY & BALANCE SHEET MANAGEMENT:

(1999-2002)

Performance Measurement/Strategic Development: Conceived/delivered

performance measurement process at CIBC

. Vital participant in developing culture and operationalizing framework

to manage billions of Bank-wide finite balance sheet, capital,

liquidity, taxable capacity resources predicated on Risk-Adjusted

Return on Capital (RAROC) & Economic Value Added (EVA).

. Lead role in application and governance of framework through

Management Committee and Risk Committee processes as senior member of

new hybrid governance and production Treasury & Balance Sheet

Management strategic business unit.

Business Evolution/Change Management

. Oversaw all financial elements of transformational non-core (originate to

sell) credit asset program where over $1.0 billion in below hurdle rate

RAROC/negative EVA wholesale credit risk capital was liberated and

redeployed to the Bank's accretive strategic retail business lines.

. Project-managed the integration of previously fragmented treasury

functions into consolidated multi-billion global utility supported by a

cohesive and robust infrastructure including Back and Middle Office

Operations, Technology, Finance and Market Risk Management.

Chief Administrative Officer/Governance

. Coordinated the delivery of services from all infrastructure and

governance functions to Treasury & Balance Sheet Management businesses

focused on optimizing the balance among operational risk management,

cost effectiveness and service quality.

. In advance of SOX legislation, co-founded (with Internal Audit &

Compliance) the Bank's risk and control self-assessment process

providing all divisions the framework to proactively identify, assess,

manage and report on their key operational risks.

MANAGING DIRECTOR, US BUSINESS MANAGER & CFO - GLOBAL CAPITAL MARKETS:

(1996-99)

Acquisition Integrations: Managed CIBC Equities Worldwide Integrations

. Led all non-revenue aspects of consolidation of baseline Wood Gundy

and acquired Oppenheimer sales, trading, research and capital markets

activities with internally reorganized Financial Products derivatives

functions.

. Leveraging systems investments and profiling transparency, with

internal/external resource partnership our effort resulted in the

creation of an entity with $1.0+ billion in revenue while achieving

cost savings and reduced risk/balance sheet resource usage.

Chief Financial Officer

. Oversaw all financial elements of worldwide trading room multi-billion

consolidation of cash, derivatives products including development and

enhancement of daily P&L, balance sheet and risk summaries with linkage to

monthly, quarterly and annual management reporting.

. Conceived and coordinated proactive resource management programs

profiling direct operating cost savings versus investments & balance

sheet and capital optimization across global trading rooms over a

$1.0+ billion expense base.

VICE PRESIDENT & CONTROLLER - EQUITIES, COMMODITIES, HIGH YIELD,

INTERNATIONAL MARKETS, SECURITIZATION: CIBC World Markets Securities Corp

(Section 20 broker-dealer): (1992-96)

. Led all transformational control and regulatory enhancement investment

initiatives to support legal entity's growth.

. Project managed integrations of High Yield (Argosy Group) and US

Government Securities Primary Dealer (SG Warburg) acquisitions.

. Identified major commodities (energy) risk exposures and drove remedial

actions across all infrastructure and governance functions.

. Key financial contact for special purpose securitization vehicles

conceiving and implementing control enhancements across all functions.

SENIOR ACCOUNTANT & AUDIT MANAGER - Price Waterhouse: (1987-92)

Education and Activities/Certifications and Licenses

Education and Activities

MBA: International Banking & Finance - Hofstra University, 1992

BBA: Accounting, Cum Laude - University of Massachusetts at Amherst, 1987;

Midfielder - Men's Lacrosse Team (1983-85)

Certifications and Licenses

CPA, NY State, 1990

FINRA Series 7, 24, 27, 63, 65

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