Sign in

Management Back Office

Montclair, New Jersey, United States
February 04, 2019

Contact this candidate


William J. Sweeney

*** ********* ***. ****: 973-***-****

Glen Ridge, NJ 07028

Cell: 973-***-****

Summary of Qualifications

Technology changes constantly and rapidly. Businesses need to continuously adapt to new paradigms; but technology changes alone are insufficient. The whole organization needs to transform to stay competitive.

Transformational Financial Services Technology Executive experienced in global company integrations, reorganizations, and business model changes. Constantly leveraging new technologies to facilitate business changes and mapping the best route to adoption. Adept at applying innovative technologies to create stable, operational systems.

Successful in large and small organizations, research organizations, financial organizations, wherever analytics and technology intersect. Demonstrated success in building and leading teams, developing people, and delivering quality solutions. An excellent communicator comfortable presenting to senior executives, decision makers, and clients.

• Executive with demonstrated success in transforming both small buy side (Bridgewater Associates) and large sell side financial firms (Citi, HSBC) including front office, back office, risk management, compliance and administrative technology management.

• Operationalized enterprise risk management systems which took in global feeds. Improved processing time, eliminated outages, and strengthened support.

• Built real time processing systems for credit risk management, global liquidity management, and market risk management

• Experienced in analytics for a wide variety of forecasting applications; ranging from statistical analysis to machine learning to Monte Carlo simulation used to manage different aspects of risk

• Experience across asset classes including FX, Derivatives, Credit, Bonds, Futures, and Options

• Deep expertise in market risk, credit risk, operational risk ( including fraud prevention and AML), IT & Security risk

• Selected as one of IDG Computerworld’s Premier 100 IT Leaders Awards Honorees. Professional Experience:

The Clearing House New York

Chief Risk Officer 8/17-12/18

Chief Risk Officer for this Systemically Important Financial Market Utility (SIFMU) that processes more than $1.6T per day in payments. TCH is largely an Operations and Technology (O&T) shop so my background in technology was applicable.

Project Sponsor for innovative use of Machine Learning for detecting and preventing fraud in real time payments. As a network “operator” assisted1 large banks in detecting Money Laundering and supporting investigations. Oversaw development of an R based Monte Carlo Simulation Engine to assess payment network risks in real time payments.

Engaged with the Treasury Department and Financial Regulators to discuss risks associated with new products including RTP, Secure Token Exchange, and Data Aggregator and how to use technology solutions to manage those risks.

Managed the Enterprise Risk Management, Fraud, Information Security, Business Continuity, and Systemic Liquidity Risk Management teams. Introduced new solutions in all areas. BAE Systems Applied Intelligence New York

Chief Technology Officer – 1/15-4/17

Americas/Financial Services Evangelist/Head of Professional Services Focused on helping financial services companies protect themselves from fraud, money laundering, and cyber crime.

• Led adoption of Machine Learning technology for customer fraud detection and AML projects

• Delivered industry leading Cyber protection services

• Developed Staff hiring plan and increasing hiring by 20%, reduced attrition rate, and created staff development plans

• Achieved highest ever utilization rates for North America Professional Services

• Drove Customer Satisfaction process for the Americas

• Drove Brand Awareness through customer round tables, conference presentations, and panel discussions & developed marketing material and Ogilvy and Mather Advertising Campaign Risk, Data, and Analytics New York


Principal, Founder

• Consultancy focused on Financial Markets, Risk Management, Big Data and Analytics 1 AML requires extensive customer data, transaction history, and network analysis. TCH deliberately did not have all information to successfully detect money laundering or fraud.

• Advised on implications of Machine Learning within financial markets especially around AML

UAE Regional Bank

• Lead team which Developed Technology strategy and organizational readiness plan for this UAE based regional bank looking to expand into capital markets globally.

• Advised on Murex Implementation and Architectural design. Open Gamma Software

• Advising 3rd stage open source risk technology startup company

• Led team that developed a real time FIX interface for the Risk Management Engine Trinity Millennium Group

Advisor to the CEO

• TMGI specializes in Legacy System Modernization, i.e. transforming older systems into newer, more flexible systems without losing the business value. Liaison between Trinity Millennium Group and numerous Financial Services firms and evaluated opportunities for acquiring new investors.

• Developed partnership between TMI and a large Insurance company to modernize major legacy systems saving over $50MM

Bridgewater Associates Westport, CT

Director of Research Technology 3/08-6/12

Bridgewater Associates is the world's largest hedge fund managing over USD140B in assets. Bridgewater's Research department does fundamental research in the financial markets and systemizes that research to generate future positions. Utilizing 200+ date feeds Research generates BW's fundamental view of the world multiple times per day. It is the “engine” for all investment decisions.

• Transformed Bridgewater's Research Technology department from the ground up – design, hiring, planning and execution – including standards for project management, Agile development, data management, and operational stability. Grew the department to the appropriate size to stabilize existing systems while simultaneously delivering both tactical and strategic projects.

• Established three prong plan for strategic replacement of the data and analytics platforms, stabilizing undocumented production systems, and simultaneously meeting ongoing business needs.

Citigroup New York

CIO Global Risk, Compliance, Legal Technology Divisions 6/01-3/08 Business Benefits Delivered

• Transformed technology department and platforms to implement a global business model replacing separate regional business models.

• Reduced the number of Risk Management systems from 135 to 25 in under two years.

• Delivered program for integrating 80+ Front Office systems into a single consolidated Market Risk and Credit Risk Platform and oversaw development of Risk Pricing models for all asset classes.

• Managed Enterprise wide program which included over 100+ deliverables leveraging resources around the globe.

• Satisfied FED/OCC and External Auditors comments concerning risk management.

• Assumed compliance technology responsibility including investigative tools for potential money laundering

IT Management

• Coordinated with business partners to prioritize business drivers across all business sectors.

• Responsible for direct budget of $110MM plus Infrastructure costs of $100MM.

• Built effective, efficient Technology organization of 1000+ on a global basis.

• Reduced Total Cost of Ownership for Risk management by reducing Data Center Charges by 33% while volumes increased over 1000%.


• Recognized for implementing 4 of the 5 technologies that would “transform Citigroup”

• Established SAS Analytics Center of Excellence for Capital Markets.

• Established Ab Initio Center of Excellence and established AB Initio as the corporate standard

• Established best practice in software quality (as cited by external reviewers). HSBC London/Hong Kong

CTO/Chief Architect/Development Manager 5/94-6/01

• Oversaw bank mergers for wholesale bank trading operations

• CTO/Group Systems Architect for Global Capital Markets.

• Led team that redesigned the back office to create a global/regional back office by product.

• Productized the HSBC “Back Office” to “insource” processing from other banks

• Implemented Market Risk Limits, Exposure, and Monitoring systems. Education

Rutgers Center for Management Development MBA Business Essentials Program M.S., Computer Science, University of Southern California, Los Angeles, CA B.S., Mathematics, Manhattan College, New York, NY Security Week

• The World of Cybercrime is Becoming Mythical

The concept of cyber Unicorns is that financial crime achieved via cyber means is no longer a pastime; rather it’s a full time job.

• When it Comes to Business Defense, Simplicity is the Watchword Enterprises have to worry about the surface area that is open for attack and the challenge of detecting attacks quickly when they are occurring. In every instance simplification will help.

• EMV, IoT and Board Agendas Shape Cyber Fraud

Cyber defense will continue to make the transition from IT problem to boardroom matter. Leading companies have already recognized this and we’ve passed the inflection point towards universal acceptance.

• Cutting Through the Noise: How to Manage a Large Volume of Cyber Alerts

Alert monitoring should entail an assessment of effectiveness and a realization that increasing volumes can't be managed by overwhelmed staff. How can your team cut through the noise and better-manage security alerts?

• Social Engineering: How an Email Becomes a Cyber Threat As data moves online, social engineering techniques have become far more personalized, technologically advanced and ultimately successful.

• The Democratization of APT

While the battlefield and rules of engagement have changed, the people fighting the battle against APTs remain as committed as ever.

• Defend Your Budget to Defend Your Company

IT practitioners must learn to think, and communicate, like a board member. One opportunity for security leaders and CISOs to showcase their executive skills comes in the form of defending their budgets. Harvard Business Review Blogs

To Work with Data, You Need a Lab and a Factory April 24, 2013 Seven Questions to Ask Your Data Geeks June 10, 2013 Bridging the Gap Between IT and your Business October 1, 2013 Other Activities

Co-Chair St. Peter's Prep Scholarship Gala - raising $280K (2010) and $370K (2011) for student financial aid

Chaired Technology Planning sub-committee for St. Peter's Prep Strategic Plan

Contact this candidate