Manager Management

Thomas Cottone

Email: abpxys@r.postjobfree.com

Address: ** **** ******* *****

City: Morristown

State: NJ

Zip: 07960

Country: USA

Phone: 973-***-****

Skill Level: Senior

Salary Range: > $250,000

Primary Skills/Experience:

See Resume

Educational Background:

See Resume

Job History / Details:

THOMAS COTTONE

17 Walt Whitman Trail * Morristown, NJ 07960 * 973-***-**** * abpxys@r.postjobfree.com

PROFESSIONAL HISTORY

Citigroup, GTS, Investor Portfolio Services 5/2005 - Present

Senior Vice President and Regional Head of Middle Office

One of eight founding members who profitably brought the Investment Manager Outsourcing service to market. This business is tailored to satisfy the demand of buy-side, hedge fund and SMA retail asset managers seeking to outsource core and non-core functions. The directive was to define, design, develop, price, test and implement a global operating model across multiple regional offices located in New York, Columbus, London, Dublin, Singapore, Warsaw and the Middle East. Worldwide deployment required partnering with internal and external stakeholders including regional operations teams, product management, technology, audit, compliance, PMO, implementation, global UAT and 3rd party vendors.

The specific responsibilities of this role encompass significant involvement, oversight and management of the entire project life-cycle, including: completion of RFPs/RFIs, sales presentations, onsite due diligence visits, identification and mitigation of high-risk processes, creation of BRDs, 3rd party vendor selection and integration, identification of staffing and budget requirements, staff recruitment and hiring, internal and external SIT, UAT and aaEsmokeaaa testing, client implementation and onboarding, senior steering committee meetings, daily QA client management meetings, driving results of the overall client experience via service levels and satisfaction ratings, participation in all internal business and external client audits and provision of subject matter expertise and industry best practices to clients.

KEY ACCOMPLISHMENTS

aa Defined and implemented the operating structure under which a staff of twenty-eight middle-office professionals were led to consistently deliver high-caliber service. Within this framework, this team was able to string together 26 consecutive months without loss or write-off due to Citi staff error while supporting 12 U.S. domiciled investment manager clients that generated more than $30BN of transactional volume per week encompassing high-risk securities and sensitive global markets.

aa Designed and instituted the post-execution service model comprising all pre and post settlement functions including trade capture, validation, enrichment, confirmation, affirmation, matching, lifecycle mismatch resolution, settlement, failed trade follow-up, buy-ins and compensation claims. Provided after hours back-up support to more than 20 global investment managers located within the other regions.

aa Recipient of the 2009 & 2011 Chairmanaaas Club Collaboration and Innovation Award. This high-profile award recognized the strategic vision, development and implementation in providing a seamless, single point of entry to buy-side and hedge fund managers in conjoining multiple books of business servicing institutional, SMA retail and hedge fund components.

aa Successfully managed the 2012 Center of Excellence (COE) project transition of all support functions performed in New York to Warsaw, Poland. Migration occurred within budget and on-time.

aa Routinely maintained the best overall global productivity to risk ratio with respect to Staff - Volume - Error rates.

aa Frequently achieved the highest service ratings as judged via Client Satisfaction Surveys.

aa Consistently achieved aaESatisfactoryaaa ratings in OCC, ARR, SAS-70, SOC-1 and SOX audits through strong partnership with internal & external auditors.

aa Employed necessary controls in complying with federal and corporate mandates around OFAC, AML and KYC reviews.

aa Co-implemented a aaEfollow-the-sunaaa global operating model utilizing a functional platform operating on a 24/6 basis.

aa Conceptualized, recruited and hired the candidate for the role of Service Delivery Manager in order to provide onsite relationship and operational client support to urgently address business critical functions.

aa Developed the infrastructure that currently supports an expanding list of security and asset types including domestic and global equity, fixed income, options, futures and foreign exchange.

aa Partnered with Omgeo to define and price the use of their products such as CTM, Oasys Direct, TradeMatch, ALERT and TradeSuite in the outsourcing space. Co-authored an Omgeo white paper on the use of Oasys for the retail SMA business.

aa Member of the Global Operations Committee and the Middle-Office Technology Oversight Committee responsible for the evaluation and prioritization of all BAU and strategic system operational enhancements.

aa Co-designed and developed core middle office platform (MOTO) functionality.

Alliance Capital Management / Sanford Bernstein LLC 11/2001 aaa 5/2005

Vice President and Manager of Operations

Provided managerial guidance and oversight to multiple related areas: Alliance and Bernstein Domestic Equities Settlements (pre-integration), Alliance and Bernstein Global Equities Settlements (pre-integration), NY Trading Support, ALERT Administration and the SWIFT Desk. Analyzed and monitored pre and post execution equity trading and settlement processes on behalf of portfolio managers for both active and passive investment vehicles. Provided guidance and assistance in effecting accelerated settlement of failed trades. Frequently interacted with brokers, custodians, trading desks, 3rd party vendors and clients. Performed daily monitoring and reporting on failed trade statistics, trading volumes and market exposure to senior management. Supervised a staff of eighteen.

KEY ACCOMPLISHMENTS

aa Spearheaded the initiative to implement Omgeo TradeMatch. As a result, trade affirmation rates far exceeded industry averages and, conversely, lowered failed trades percentages which mitigated firm and client risk.

aa Consistently achieved aaESatisfactoryaaa ratings in SAS-70, FRAG-21 and SOX audits.

aa Strategically improved overall FTE productivity while reducing staff attributed error rates through automation, process streamlining, systems enhancements and employee guidance.

aa Led the successful transition and relocation of staff from New York, NY to White Plains, NY meeting challenging timelines without compromise to the firmaaas control framework or standards of service.

The Bank of New York 9/1998 aaa 10/2001

Assistant Vice President and Custody Operations Department Head

Directed multiple reporting layers within three strategic operations areas. Provided the day-to-day, departmental operations oversight of the Omnibus DTC Participant unit and the 36 Dedicated (Special Processing) Participants group encompassing book-entry "versus payment" trades and "free of payment" receives and delivers, SPOs, DWACs, Repos, Agent Loans and CMO Adjustments. Managed the Client Services Conversions Department that entailed the assurance of seamless transitions of all BNY institutional custodial asset in-flows and out-flows. Acted as the liaison among the various operations teams, senior management, DTC, NSCC, technology, counterparties and clients. Monitored the DTC debit cap intra-day liquidity position to ensure that all RVPs were adequately funded. Prepared daily liquidity analysis, trade volume statistics, aged client inquiries and firm exposure reports to senior management. Acted as operations Data Security Administrator and Digital Certificate Coordinator in enabling access to the NSCC's website and electronic reporting capabilities on behalf of the entire bank. Supervised a staff of forty.

KEY ACCOMPLISHMENTS

aa Successfully managed domestic custody operations averaging 45,000 trades daily with an aggregate settlement value of approximately $80BN per day. Over the course of my tenure, trade volume increased by 58% while, simultaneously, headcount was reduced by 10% through the introduction of operational efficiencies.

aa Exercised autonomy over an operational budget exceeding $2MM per annum.

aa Member of the DTC T+1 Sub-Committee whose mandate was to evaluate shortened trade settlement cycles.

Swiss Bank Corp.(Private Banking Division), Trade Support Specialist, 9/1996 - 9/1998

Responsible for the DTC and Fed Desks that encompassed trade entry, confirmation, settlement and failed trade follow-up and resolution. Managed all domestic and global free of payment receives and delivers. Product set included domestic equities, repos, commercial paper trades, fixed income products, mutual and offshore funds. Booked daily trading fees. Acted as global settlements back-up for international securities. Performed daily and monthly G/L reconciliation.

Consultant, Independent Contractor 6/1994 - 9/1996

Serviced top-tier clients such as Salomon Brothers, Barclays Bank PLC and Morgan Guaranty Trust engaged in P&L reconciliation, compliance review, due diligence audits, asset administration and corporate trust audits of municipal and corporate bond portfolios.

ADDITONAL EXPERIENCE

Bank of Tokyo Trust, Credit Officer

Key Highlights: Successfully managed a $66BN commercial loan portfolio. Developed, and implemented a database ensuring compliance within policy guidelines on credit ceilings, facility expiry and internal ratings achieving an overall increase in the accuracy of reported portfolio data to 99.5%. Eliminated antiquated reporting methods and forms.

Oesterreichische Laenderbank, A.G., Credit Officer

Key Highlights: Established a Credit Administration unit that serviced a $7BN commercial loan portfolio. Developed, implemented and maintained credit policy guidelines on credit ceiling limits, industry exposure and facility expiry resulting in an increased control over management of the commercial loan portfolio.

Bank of America, N.T. & S.A., Credit Officer

Key Highlights: Co-developed and implemented a division-wide database, 'AMACS' to track legal documentation and compliance items that reduced covenant defaults to less than 2%

Stuart James Investment Bank, Registered Representative

Key Highlights: Earned Series 7 & 63 licenses. Top revenue producer in the northeast region for three consecutive months.

EDUCATION

Bachelor of Arts, Brooklyn College

Economics / Political Science / Classic Literature, Cum Laude

INTERESTS - Classic Cars, Sports Autographs, Music and NHL Hockey

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