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Manager Professional Experience

Greenwich, Connecticut, 06807, United States
November 11, 2017

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Greenwich, CT ***** 203-***-****


Senior Risk Manager who works closely with internal and external stakeholders to understand, challenge and influence outcomes and results. Results-oriented, lateral thinker who partners across business lines, functions and geographies. Leverages experience in systems and process to implement commercial solutions. Global experience in wealth products, fund management and traded products. Six Sigma, Lean Sigma and Series 7 certifications.

• Process and Control • New product & Process Change

• Complex Issue Management • Strategy & Transformation

• Audit, Compliance & Regulatory Relations • Operational, Vendor, Credit & Market Risk PROFESSIONAL EXPERIENCE

CITIBANK, NA, New York, NY 2016 – present

Senior Compliance Officer, AML Future State Strategy Oversee and support agile development and implementation of future state model for AML transaction monitoring. Chief-of-staff to Head of M&I Strategy team.

• Develop collateral material to position strategy and initiatives with internal and external stakeholders.

• Oversee pilot implementation within Capital Markets. Identify, assess and monitor associated risks. MORGAN STANLEY, New York, NY 2014 – 2016

Executive Director - Head of Risk & Control, Wealth Management Operations Managed 8-person team providing independent oversight and challenge to product operations. Support performance and control across mutual funds, trust, retirements, stock plan, alternatives and advisory.

• Developed firm-wide response to external audit of escheatment process and defined future-state operating model leading to settlement with more than 35 states and waiver of $10 million penalty.

• Assessed operational readiness ahead of FICCA audit; recommended process and controls to bolster results.

• Developed and oversaw process to remediate 12,000 accounts involving settlements with clients and state treasuries, subject to SEC oversight.

• Managed pre-audit reviews of 5 business areas, coordinated audit response and obtained signoff. Collaborated with Legal and Compliance to respond to various SEC subpoenas.

• Chaired weekly Operations committee. Responsible for review, challenge and consolidation of material and agenda. CREDIT SUISSE, New York, NY 2011 – 2014

Director - Global Head Operational Risk, Alternative Investments (2013 – 2014) Led global team of 3 overseeing global alternative and hedge fund platforms which included credit, commodities, long/short, optionality and insurance strategies. Risk leader to Asset Management and Americas region.

• Approved all new products, strategic initiatives and change programs including seed investments, product launches and sale of middle office functions to third party provider.

• Analyzed discrepancies in published CS benchmark index; instituted model governance, change control and best practices for key lines of business.

• Mandated loss event, metric and KRI reporting by fund administrators, resulting in 30% performance improvement and reduction of third party risk.

• Established COO partnership meetings for transparency and communication across business and supporting functions.

• Chaired the Asset Management Controls Committee; Core member of Americas Operational Risk Committee.

• Participated in regulatory meetings, exams and initiatives associated with Intermediate Holding Company, CCAR, Dodd-Frank and Volcker.

Nancy M. Kearney Page 2



Director - Americas Head Operational Risk, Equities (2011 – 2013) Led team of 3 risk managers overseeing equities and algo trading. Chaired Americas Op Risk working group.

• Participated in firm-wide reviews and regulatory responses related to segregation of funds, internal rogue trading and market access rules leading to increases in supervisory controls and monitoring.

• Reviewed and approved design and implementation programs associated with Dodd-Frank, Volcker and other initiatives.

• Provided Op Risk review and approval to all new business initiatives including outsourcing.

• Evaluated newly implemented pre-trade approval policy and process to recommend improved process and control.

• Chaired Americas Op Risk Working Group to coordinate cross-divisional risk initiatives and reporting. ROYAL BANK OF SCOTLAND, Stamford, CT 2008 – 2011

Senior Vice President - Operational Risk Manager, Banking & Capital Markets Led operational risk coverage team of 2 covering Ops, Compliance, Risk and Lending.

• Established Operational Risk function in Americas including staff model, policy, process and training.

• Rolled out New Product Approval, Process Change and Front Office Supervisory processes.

• Designed Key Man Risk Assessment for 4 LatAm businesses following divesture announcements; delivered contingency plans including retention schemes, cross-training and job certification.

• Oversaw remediation plans and closure of FED exam findings related to KYC-EDD, OFAC, AML and Surveillance. Established metrics and KRI to manage regulatory findings and work plans. UBS INVESTMENT BANK, Stamford, CT 2006 – 2008

Director - US Head Credit Process Control, Chief Risk Officer COO Built a regional team of 4 to manage CTB and RTB change in the credit risk platforms supporting fixed income, currency, equity and commodity trading as well as lending products.

• Streamlined proprietary Counterparty VAR process to reduce a 12-hour manual process to a 4-hour automated process with increased control and data integrity.

• Led negotiations with third party data provider to reduce licensing costs; subsequently identified a cost-effective in- house alternative and obtained build approval.

COUNTRYWIDE BANK, NA, Thousand Oaks, CA 2005 – 2006 Senior Vice President - Head of Credit Risk Oversight

• Incorporated market data and granularity in portfolio risk reporting; lending suspended in 10 markets. INDEPENDENT CONSULTANT, New York, NY 2003 – 2005

• Acquired interest in one of the first companies to offer carbon emission credits to consumers. GE CAPITAL, New York, NY 1997 – 2003

Assistant Vice President - Portfolio Manager & Underwriter

• Successfully managed $160 million portfolio of leveraged loans and private equity investments. Associate - Risk Management Leadership Program

• Selected for 2 international assignments in Netherlands and Belgium. MBA CORPS / ORSZÁGOS TAKERÉKPÉNZTÁR ES KERESKEDELMI BANK, RT (former Hungarian National Bank) 1996 – 1997 Advisor to Vice Chairman

• Delivered business model which streamlined product offering and rationalized branch network. EDUCATION

New York University, Leonard N. Stern School of Business, New York, NY - Master of Business Administration Dual Concentration in Finance & International Management, Pace University, The Lubin School of Business, New York, NY - Bachelor of Business Administration, cum laude Major in Management Information Systems


Series 7 Registered Representative

Six Sigma Black Belt


US and Republic of Ireland

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