Vice President Management

RICHARD MANGANELLO

** ****** *****

Lincroft, New Jersey 07738

************@*******.***

732-***-**** (H) 732-***-**** (C)

Financial Operations Executive with a strong business acumen and in-depth comprehensive knowledge of all

functional areas. Strong manager of people and processes with expertise in operations. Possess collaborative and

partnering abilities in order to meet aggressive business goals. Easily takes concepts to creation while

effectively managing all resources. Deliver broad range of best-in-class products and services to highly

demanding client base in a challenging and competitive environment. Expertise in advancing an organization’s

essential mission and business goals through use of team-building, creative problem-solving and strong multi-

tasking skills in the development of effective strategies.

AREAS OF EXPERTISE: Margin, Strategic Planning, Budgeting, Risk Compliance, Customer Relationship

Management, Building High Performing Teams, Project Management, P&L, SOX, Government Regulations,

Analytical Metrics, ACATS, Capacity Planning

• Automated and updated regulatory log from a manual process resulting in raising accuracy 40%,

satisfied compliancy 100%, lowered risk and assisted the audit process.

• Designed, created and tested a work flow system for a newly implemented IFA (Items For Attention)

program resulting in a cost savings of $1M in disbursements of assets and trading losses as well as

$1.2M in overhead.

• Spearheaded a project known as the Bank Deposit Program. This entailed marshaling all resources and

resulted in timely completion and $500M investments in first quarter.

• Active committee member charged with automating the Account Transfer System resulting in NYSE

compliance, automatic notification of transfers avoiding risk and ease of account movements.

• Improved the Regulatory/Risk Reporting function by effectively documenting procedures by

collaborating with other departments resulting in timely project submission and zero fines.

• Reduced the exposure of possible insolvent loans equating $50M by developing a Restricted Loan

Request template resulting in streamlining the approval process.

• Turned around a failing operations group by creating formal service level agreement process resulting in

meeting all SLAs and a cohesive, highly-motivated team.

• Assessed root cause for a 700 document review backlog by analyzing production then addressing and

implementing resources resulting in a 100% increase in processing.

• Created the Letter of Authority/Disbursement audit procedure, reducing error rate by 99% as well as

meeting SOX compliancy. Consistently awarded “Commendable” by internal auditors.

• Decreased client account discrepancies 25% by formally documenting and edited cashier policies

ensuring NYSE, SEC and internal auditing compliancy.

• Retained $1.25M in fee revenue by streamlining process and cross training resulting in operational

support for an increase of 20% in managed accounts with assets of $1 billion.

• During budget process, discovered discrepancy in SEC fees. Correction resulted in savings of more than

$200k or almost 10% of the department's operating budget.

RICHARD MANGANELLO PAGE 2

MORGAN STANLEY, New York, NY 1997 – 2008

An $62.3B global investment banking firm with 48,000 employees.

Vice President, NY Private Wealth Management Branch Operations (2007 – 2008)

Responsible for the day-to-day branch and national functions of processing and updating approximately 30,000

customer accounts as well as wiring $100M daily. Medallion Stamp signatory of up to $5M. Reported to Vice

President with three direct reports.

Vice President, Management Services, Private Wealth Management-Operations (2007)

Responsible for completing the Bank Deposit Program project and Cash Management Services projects.

Reported to Vice President with one direct report.

Vice President, NY Ultra High Net Worth Operations (2004 - 2007)

Responsible for processing, updating, reviewing of customer accounts, fees and trade support. Reported to

Executive Director with a budget of $2.5M and two direct reports.

Director, PWM Collateral Management Team (1999 - 2004)

Responsible for approving disbursements, and ensuring margin compliance seven global offices. Additional

responsibilities included regulatory reporting and management of the account transfer group (ACATS) for

Private Wealth Management and prime brokerage divisions. Reported to Vice President with eight direct reports.

Manager, Technical & Regulatory Advisor to Collateral Management Department (1997 - 1999)

Ensured compliancy for over $50M in margin loans. Reported to Vice President and five direct reports.

WELLS FARGO (FORMERLY PRUDENTIAL SECURITIES), New York, NY 1983 - 1997

A global $9.8B securities firm.

Associate Vice President, (1991 - 1997)

Responsible for margin regulatory compliancy, margin system development, asset disbursement and margin loan

approvals. Reported to Senior Vice President with six direct reports.

EDUCATION

BA Fordham University, New York, NY (1981) Political Science

ADDITIONAL TRAINING

Time Management, Operations: Professional Managers; Y2K: What You Should Know; How To Deal with

Difficult Employees; Problem Resolution; How to Prioritize; Leadership Excellence; Effective Interviewing

Skills; Management - Performance Review; Goal Setting; Managing and Mentoring Employees; Succession

Planning; Anti-Money Laundering - How to Detect, Prevent, and Report; Managing Conflict of Interest;

Managing Client Relations; Ethics; US Customer Protection - SEC 15C3-3; Risk Management and Governance;

Reporting on Risk; Preventing Workplace Discrimination and Harassment; Code of Conduct; Infosec Training:

Handling Confidential Information.

PROFESSIONAL AFFILIATIONS

Securities Industry and Financial Markets Association (SIFMA), Credit Division and Customer Account Transfer

Division

SKILLS

MSWord Office, Access, Outlook

VOLUNTEER

Parent Volunteer – Lincroft Little League

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