Management Vice President

Ernest Alfred Banker Jr. MBA/CPA

*********@*****.*** 10 Huckleberry Lane, Greenwich, CT 06831 203-***-**** SUMMARY

Highly energetic, results oriented senior director with an extensive background in financial services / banking. Successfully led global teams by motivating others to achieve “best in practice” results. Proven track record of identifying business inefficiencies and instituting innovative changes to obtain significant cost savings. Management expertise includes financial/strategic planning, budgeting/forecasting, offshoring, reengineering, month-end closes, US GAAP/IFRS, resource allocation, controls/compliance, risk and balance sheet management. EXPERIENCE

Credit Suisse, New York, NY

Director, Fixed Income Division (FID) – Global Head of Financial, Planning & Analysis, 2009 – 2016

• Organized and led the FID Expense Management Committee which drove cost savings and efficiencies across global FID businesses resulting in over $1.2b (27%) of expense reductions from mid-2011 through December 2015

Achieved milestones via headcount realignment/business restructurings, demand management, policy changes, outsourced opportunities, vendor consolidation and contract renegotiations

Worked extensively with CFOs of shared services support functions across IB to better align allocated costs to FID products translating into $410m of annual saves from IT, Operations, Product Control, Risk, General Counsel and Human Resources

Led creative/efficient solutions across multiple operational and financial processes resulting in enhanced controls/reduced risk around approvals, allocations, legal reserves, discretionary spending and CSG requirements

FID’s cost saving achievements sited by IB’s CFO and COO as exemplary and provided model for best practices across other IB Divisions

• Built integrated “live” forecasting model by business/region, highlighting revenue trends, cost saves by specific program and overall product profitability

Key to successful management as quickly identified potential material gaps to budget/forecast enabling quick and decisive action to close gap

Tracked Key Performance Indicators such as cost per head, cost/income ratios, direct vs allocated costs, controllable vs uncontrollable expenses, return on capital, etc.

• In-charge of producing and managing FID’s $3.6b fully-loaded expense budget ensuring that limited resources are deployed to highest margin businesses in terms of economic contribution

Worked closely with Business Heads/CFOs/COOs to develop clear business plans, consistent with areas of strategic growth versus those businesses with capital constraints

• Led strategic review of Commodities business, including product profitability, operational/financial risk and allocated capital, leading to the businesses’ exit and ultimate sale of its trading books to Citigroup.

• Project lead on global development team for MyCost and Concur applications, along with other IT related initiatives

• In-charge of annual competitive review, working with third party vendor to ensure accuracy of benchmarking FID’s key performance ratios/metrics to the industry peer group, interpreting those results and recommending corrective action Vice President, Fixed Income Division (FID) – Global Financial Controller, 1999 – 2008

• Managed entire month-end close process for FID, including monthly performance estimates/reports to senior management, month-end journals, booking and tracking of accruals/reserves, monitoring of revenue sharing agreements between divisions and coordinating/implementing hierarchy reorganizations

FID’s structural organization included 8 divisions, 114 product clusters across 4 regions, but remained fluid to capture strategic initiatives along with new product launches and divestitures

• Coordinated FID’s global $5.0b strategic plan (5,200 headcount), annual operating plan and quarterly forecasts in accordance with CS Group’s requirements

Development of innovative tracking model linking business drivers with plan commentary... recognized by FID CFO as best practices and implemented across IB

• Drove $8.5b in FID balance sheet reductions via deep dive into netting of collateral arrangements amongst exchanges, thereby reducing overall capital requirements

Prudential Securities, New York, NY

First Vice President, Business Analysis & Planning, 1996 – 1999

• In-charge of Firm’s strategic and financial planning processes, and senior project leader for ad-hoc analyses in group directly supporting the CFO

Worked with Prudential Investment bankers to develop a comprehensive business model incorporating acquisitions, divestitures and capital restructuring

Performed detailed profitability study across Fixed Income products, including Asset-Backed securities, in conjunction with Capital Markets’ strategy

• Led team in new initiative focused on customer profitability at the branch and regional level, including review of product mix, risk profile, demographics and market share

Prepared pre-tax profit margin gap analysis vs competition with particular emphasis on investment banking and retail distribution strategies

• Led competitive assessment, including overall market profile, technological developments, P&L and balance sheet analysis and highlights/key statistics of Prudential Securities’ peer group Market News Service, New York, NY

Vice President and Chief Financial Officer, 1993 – 1996

• Responsible for all financial, operational, risk and human resource functions within this $50m global financial data and news streaming service catering to the bond markets

Significantly improved cash flow through revenue enhancement initiatives (eg strategic alliances, international expansion and sales compensation design), cost control measures and accounts receivable management

Developed 5 year comprehensive business plan, including overall mission and departmental strategies, along with competitive analysis of the market data industry

Developed annual operating and capital budgeting processes across 14 major functions and 6 international cities

Ensured proper allocation of resources through detailed investment analyses, including ROI and NPV

Established and maintained banking relationships, arranging debt facilities for working capital purposes

Implemented new general ledger and cash management systems improving overall internal controls and efficiency Lehman Brothers, New York, NY

Assistant Vice President, Financial Planning & Analysis, 1988 – 1993

• Supervised preparation of consolidated financial plans, key management reports and profitability analysis in conjunction with firm’s overall strategic direction

Managed preparation of “heat maps” for senior leadership indicating profitability trends by business unit against key market indicators, actual vs budgeted revenues and expenses, and one-time items impacting monthly run rates

Developed comprehensive model to better assess business unit profitability through the functional allocation of corporate revenues and expenses

Citicorp Investment Bank, New York, NY

Manager, Internal Audit Division, 1986 – 1988

• Managed audits of financial products across the bond markets, including short-term loan sales, mortgage backed securities and municipal bonds, while proposing recommendations to senior management on ways to improve efficiency, manage risk and reduce costs

EDUCATION

New York University, Leonard N. Stern School of Business, New York, NY M.B.A. Finance, with Distinction, Stern Scholar Award, Beta Gamma Sigma Honors The University of Connecticut, Storrs, CT

B.S. Accounting, Cum Laude, Dean’s List, Mortar Board National Honor Society, Academic Scholarships ADDITIONAL INFORMATION

Member AICPAs and NYSSCPAs. Skilled in Excel, Word, Powerpoint. Hyperion, Essbase and Peoplesoft ledger systems.

Contact this candidate