Acctg,ERP,Fin,FP&A,Leadrshp,MIS,Prog Mgt,Reptg/Analytics/Modelng,Treas

GREGORY FOX

mobile: 201-***-**** email: ac1bng@r.postjobfree.com

SUMMARY

Highly experienced financial services executive with over 20 years across Finance, Accounting, Technology and Program Management roles. Team manager with demonstrated effectiveness in team development. Focused on fostering strong relationships with key business clients to ensure optimal implementation of strategic and tactical solutions.

CORE COMPETENCIES

• Financial & Management reporting, controls, modeling, insight-driven business analytics; Financial statement analysis; FP&A

• Month-end close, both as hands-on controller & dept manager:

Subledgers & G/L recon, trend/variance analysis/explanation

Consolidations & InterCo eliminations

GAAP accounting, account control (AP/AR, etc.) & sign-off

Revenue & expense recognition/attribution, overhead alloc.

Cross-functional collaboration and business area support

• Treasury functions: cashflow, liquidity risk, transfer pricing, Fx

• Formulate and enforce policies, procedures and controls

• Create structure and drive change via efficient project

management & execution, and stakeholder engagement

• Design commercially focused strategic solutions

• Systematic big picture analytical approach to identify correct solution, clearly explain & decisively champion it

•Navigate organization and resolve conflicting stakeholders requirements & agendas, guiding to consensus

• Independently execute Management strategic plan

PROFESSIONAL SUMMARY

BANK OF AMERICA - MERRILL LYNCH 2004-Present

Implementation Team Lead, Securities Funds Transfer Pricing (FTP) Framework Director - Finance 2016 - Present

» Defined an integrated high-level FTP Model based on MRA's, together with multiple disparate ongoing remediation workstreams:

• Identified issues with, and designed solutions for FTP Model execution gaps and cross-workstream inconsistencies.

• Developed staged remediation plan for data provisioning issues, including both operational risk and critical data shortfall between made-ready data sources and FTP Model data requirements.

» Identified key risks in the entire front-to-back process, to manage and mitigate vulnerabilities and risk of process failure:

• Designed testing strategy and defined UAT tests & scripts for multiple workstreams.

• Managed BAU controls, including testing, implementation and escalation.

• For monitoring/surveillance established Key Risk Indicator (KRI) thresholds, dashboard and scorecard.

• Identified and developed solutions for issues across: Data quality & completeness, inconsistent funding treatments & haircuts, cross-currency basis disparity, and unrecognized Currency Revaluation balances; all resulting in exceedingly material reduction in funded balances and associated FTP.

• Drove effort to standardize risk evaluation, monitoring, and fault resolution approach, while cultivating risk-awareness culture.

» Designed and managed development of Securities related reporting (Daily Cube, Securities Position Level Report, etc.)

Funds Transfer Pricing (FTP) Director - Finance 2009 - 2015

» Led major part of Global FTP transition from Merrill Lynch to Bank of America processes and systems upon merger:

• Oversaw integration & compliance of ML month-end flash, analytics, controls and reporting processes with BoA environment.

• Identified & resolved ML/BoA discrepancies across systems, Chart of Accounts, and procedures. Example: $41B equity break.

» Directed focus to Balance Sheet review & controls (in addition to effective FTP Process execution) as prerequisite for quality FTP:

• Created FTP status inventory of all Legal Entities and Balance Sheet accounts to identify and close gaps in funding coverage.

• Identified and closed out a “forced average Balance Sheet leveling” process that materially distorted the FTP Balance Sheet.

» Led discussion to consensus designating FTP Essbase Cube as the primary source for reporting & analysis of Mgmt Balance Sheet:

• Cube and associated tools enabled new vigorous real-time controls and validations to be produced economically.

• Embedded deep business and analytical intelligence in cube structure, maximizing utility to users of all skill levels.

• Designed & managed development of menu-driven analytics enabling even novice users to produce reports and retrieve data.

» Provided solutions to resolve Audit Points and OCC MRA's:

• Balance Sheet Funding Control: Implemented for Audit to verify that the entire BoA Balance Sheet is charged FTP.

• Virtual Loan System: Part of effort to address OCC MRA for consistency of Global FTP:

Modeled Enterprise FTP System for all funding methods and in currency.

Model acted as both prototype and contingency process to fund international units.

Created universal loan/deposit/GL data source translator for Enterprise system, to conserve development resources.

GREGORY FOX PAGE 2

» Key team member of Finance Roadmap transition to SAP through Book of Record (BoR) date:

• Provided guidance in robust cross-chart mapping methodology.

• Identified and escalated process gaps and systematic errors.

• Facilitated establishment of communication and escalation protocols between FTP technology and BoR teams.

Balance Sheet Reporting Group Director - Finance 2004 - 2009

Merrill Lynch & Co Treasury Finance

» Managed global department responsible for preparing the month-end close for the Firm’s $1.2 trillion (Assets) Management Balance Sheet, representing over 50,000 worldwide centers and legal entities by notional currency:

• Administered Funds Transfer Pricing process on behalf of Corporate Treasury: Ensured full recovery of actual Treasury borrowing cost; Optimized Cost of Funds transparency; Identified and mitigated disconnects between Firm/Treasury signaling via policy and pricing, and implicit Line of Business behavior incentives.

• Supplied Balance Sheet disclosures to External Reporting, and coordinated with Corporate-wide estimate process.

• Oversaw production of comprehensive monthly reporting packages, analytics and control reports at all levels of the Firm.

Reports: Balance Sheet, P&L, NII, NIM, Yield, Sources/Uses, Allocations, Liquidity, Trend/Variance, Spot/Average, On/Offshore, I/C

Products: Equity, Int Rate, MBS, Swaps, Forwards, Repos, Options/Futures, Loans/Deposits, Private Equity, Trade Finance

• Owned the system infrastructure (working directly with technology team), and broadly revamped the Management Balance Sheet and FTP application (FDM), its Essbase reporting cube, and controls to maximize and safeguard Balance Sheet quality.

• Extensive experience in mitigating data quality challenges: Prior to G/L sourcing, FDM assembled the Firm’s Management Balance Sheet from 40 sub-ledger and manual feeds.

» Instituted and enforced an environment/culture of continuous improvement, control, review and evaluation:

• Implemented entry classification/standardization and control/review process to enhance quality of Management Balance Sheet.

Segregated posting/approval roles, enabling join-team review, and automated communication with journal owners.

Identified month/month Balance Sheet adjustment trends and intra-close flagging of systemic Balance Sheet issues.

Dramatically increased accountability of business managers, finance officers, and legal entity controllers.

• Reduced management close from 9 days to 3, with half of original staff.

• Designed and managed process for staged transition from sub-ledger and manual feeds to full ledger sourcing (DBS)

• Oversaw development of Essbase reporting cube that greatly expanded reporting capabilities and data accessibility.

• Maintained vigilant review and reporting to Treasury of Sources & Uses, identifying material disconnects and potential arbitraging vs Treasury. Example: Isolated a trade which earned the business <$1m, but cost Treasury up to $20m.

DEUTSCHE BANK Corporate Center Controlling - Financial Reporting Group Controller 2002-2004

» Prepared for Head Office submission the Balance Sheet for the former Bankers Trust Co entity, and Income Statement for Deutsche Bank Securities Inc. Consolidated thousands of Legal Entities.

• Ensured HO submission adhered to company financial reporting policy, as well as all FASB and FIN rules.

• Reconciled intra/inter-company balances, identified over/under eliminations, and verified accuracy of InterCo matches.

• Performed balance sheet review, including variance and trend analysis.

» Streamlined and automated manual journal entry process, designed and guided development of new Corporate Controlling

application to consolidation, and Head Office submission.

» Designed Controlling Group Balance Sheet, P&L and Yield analytics.

AMERICAN EXPRESS BANK Manager - Reporting, Business Analysis and Financial Systems 1993-2001

» Helped supervise production of Balance Sheet flash, as well as management, legal and regulatory reports in a high-pressure, high data volume, month-end close, reporting and analysis environment:

• Produced extensive profitability, variance & risk analysis reports for correspondent banking, private banking & Treasury areas.

• Guided U.S. and international senior executives in budgeting and forecasting (FP&A).

• Prepared and implemented cost allocations and transfer pricing models.

» Improved accuracy, control, and employee satisfaction, while clearing audit points.

EDUCATION

Stern School of Business, New York University, New York, NY Bachelor of Science (B.S.) Dual Degree in FINANCE and MIS

SYSTEM SKILLS

Highly skilled with all MS Office applications, SQL & VBA, SAP/EPM, Oracle, Hyperion/Essbase/Smartview Cubes; Able to quickly master and leverage new tools and technologies.

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