Joseph Mecca
** ****** **** ******** ********, NJ 08852
(C) 347-***-**** (H) 732-***-**** ac8n8s@r.postjobfree.com
Qualification Summary
Finance & Treasury Executive with progressive managerial experience in Fortune 100 Financial Institutions & Professional Services Firms
Demonstrated experience leading Treasury & Finance functions and other strategic financial management initiatives
Results driven focus leading to continuous process improvements
Collaborative leadership approach
Strong communication, presentation, and interpersonal skills
Strategic thinker with proven change management skills
Bank of New York Mellon New York, NY 2017 to 2018
Vice President & Principal Program Manager
Principle Program Manager for BNY Mellon’s Data Distribution Hub; EDS; which is the architecture for all of the firm’s regulatory reporting needs. This architecture encompasses all of the Data Governance & Lineage controls necessary for BCBS 239 Compliance
Manage a team of seven project managers who are the primary contact for clients and groups within the organization for data on/off boarding & consumption of data from the firm’s Data Distribution Hub EDS
The team is responsible for end-to-end project management activities such as project reporting, project planning, issue / risk identification and tracking, scope management, estimation, client management, relationship management and other project documentation preparation.
Serves as a liaison between clients and internal technical groups to ensure delivery of small scale to medium scale projects on time, within budget, and to specification
Provide budget/funding details & guidance as well as resource allocation to major Consumer Programs/LOBs
Manages communication with Senior Stakeholders, Internal & External Audit as well the business at a detailed functional level and discusses/resolves issues. Manages client expectations and ensures project delivery is in conformance with company software development life cycle methodologies.
PERFICIENT New York, NY 2015 to 2017
Senior Manager – Financial Services Vertical
Provide advisory services and subject matter expertise to design and implement Regulatory Initiatives at Large Banking Organizations with focus on Basel III and Dodd Frank
Partner with client teams to implement Basel III capital framework. Design and implement reporting processes including risk based capital and leverage requirements, as well as capital and liquidity planning
Work closely with banking partners to review high level US Basel III Pro-forma calculations, identify data gaps and potential required changes to existing work flows
Design and implement processes/controls to review the Basel III/capital charge implications of new products, services, and trades
Coordinate initiatives between front-office, new product groups, treasury, and regulatory reporting groups
Implementation of detailed strategy for official CCAR submission which includes: guiding principles, submission structure, collection process, and creation of detailed Review and Challenge Process
DELOITTE & TOUCHE LLP New York, NY 2011 to 2015
Manager - Treasury Business Risk & Compliance FSI-Banking & Securities
Provide Enterprise Risk Management Services to Financial Services Firms including large commercial and institutional banks focusing on Compliance review for supervisory and risk control frameworks
Areas of expertise include Liquidity Risk Management, CCAR, and Regulatory Compliance focusing on Basel III and Dodd-Frank
Manage day-to-day delivery of consulting engagements across the US focusing on Basel III Capital Reporting, Liquidity Coverage Ratio, and Net Stable Funding Ratio
Lead Internal Audit Engagements providing Subject Matter Expertise in Treasury and Capital Markets space
Assess and redesign compliance programs in accordance with regulatory and industry leading practice
Policies and Procedures review, design, and adequacy for regulatory compliance and data
Assist client’s most complex financial instrument and physical market challenges by delivering risk advisory, quantitative, technology and operational services including model validation and development, as well as development of key data delivery strategies
Analyze information across risk classes, and report to senior management in order to facilitate tactical and strategic decision making
In depth knowledge of Money Market Products, Fixed Income, Derivatives, and FX
JEFFERSON WELLS New York, NY 2010 to 2011
Project Manager
Engaged by Premier Financial Services Firm and newly formed Bank Holding Company
Remediation of Basel II deficiencies in the Corporate Treasury Function including model development and validation
End to End review of the Treasury process, adopting BHC standards and risk mitigation processes
Design and implementation of a robust control framework.
Responsible for coordinating the planning and execution of new risk framework for the Treasury Business Unit
LANDESBANK BADEN-WURTTEMBERG New York, NY 2008 to 2009
Vice President – Manager of Financial and Management Reporting
Controller responsible for the preparation of the financial records of LBBW New York Branch and LBBW Real Estate LLC in accordance with International Financial Reporting Standards, German GAAP, and US GAAP for tax purposes on a monthly, quarterly, and annual basis. Manage staff of five accounting professionals supporting balance sheet of $20B and income statement of $200MM annually. Product Set includes Interest Rate Swaps, Credit Default Swaps, Foreign Exchange Swaps, Futures, Repurchase Agreements, Term Debt, and Medium Term Notes
Manage daily, weekly, and quarterly reporting to the Federal Reserve Bank
Primary point of contact with US regulators and External Auditors. Liaison with external tax consultant in providing financial accounting information and explanations necessary for preparing tax returns and tax estimates
Drove reconciliation & model validation process between Risk Reporting NPV Calculation and Accounting Mark to Market P&L for Trading and Investment Books as required by External Regulators
Management reporting, forecasting and budgeting in cooperation with the Head Office Financial Controlling group
MERRILL LYNCH & Co. Jersey City, N.J. 2007 to 2008
Vice President – Manager of Balance Sheet Reporting Group, ML&CO Treasury Finance
Managed team of ten professionals responsible for all aspects of the Balance Sheet month end close process for Merrill Lynch & Co. ’s $1.2 T Balance Sheet which includes Equities, Derivatives, Term Debt, and Medium Term Notes
Managed Transfer Pricing Process for Corporate Treasury matching funding needs of Businesses with sources provided by Treasury on a global basis and in sixty currencies. Analyze Firm’s Net Interest Margin with focus on calibrating Funding Model to accurately allocate out Treasury Cost of Funds. Model proposed enhancements to Funding Model and present results to both Corporate Treasury and Corporate Controller for review
Partnered with Corporate Reporting to identify opportunities for Treasury Finance to support them, resulting in creating a key Balance Sheet and Net Interest Margin Metrics used in Annual Report and 10Q
Responsible for implementation of Risk Weighted Asset Based Management Capital Allocation process into Balance Sheet and Business Unit Reporting. Worked in conjunction with Holding Company Supervision to provide consistent capital allocation across businesses based upon true regulatory constraint Drove project partnering with Project Management and Corporate Technology to implemented Phase I of new Balance Sheet Reporting System, linking all Corporate Reporting Systems and Oracle General Ledger. This system allows for single source of all legal and management balance sheet information and provides ability to calculate Net Interest Income on daily basis improving business unit and firm daily and weekly Balance Sheet and P&L estimate process
JPMORGAN CHASE, Inc. New York, N.Y. 2005 to 2007
Vice-President – Balance Sheet Management World Wide Securities Services
Responsible for planning, reporting, and analysis of World Wide Securities Services Balance Sheet, Net Interest Income, and Investment Product Earnings. Managed staff of four professionals supporting $120B Balance Sheet
Managed month end reporting process, identify specific variances and provide commentary
Interact with Treasury and Line of Business Finance Staff on funding, pricing, and capital issues to determine the impact on earnings
Developed single comprehensive Balance Sheet Forecasting tool in conjunction with Financial Systems team which improved efficiency of reporting process across Sector.
Created models and tools to improve the transparency of Net Interest Income and Balance Sheet Dynamics to Senior Management resulting in more efficient target setting and overall understanding of revenue dynamics.
CITIGROUP, Inc. New York, N.Y. 1990 to 2005
Vice-President – Assistant Controller Corporate Treasury 2000 to 2005
Asked by senior management to build a team to create the Consumer Finance Treasury Reporting Function linking it to Treasury funding actions and the business.
Improved efficiency by consolidating various Treasury reporting functions from Baltimore and Dallas into single system in New York.
Reduced headcount and number of systems utilized.
Manage staff of four supporting $80B Consumer Finance Sub-Prime Balance Sheet.
Responsible for reporting, planning and analysis of associated funding, including term debt, interest rate swaps, futures, commercial paper, securitizations, and intercompany borrowings.
Work directly with Segment Treasurer to manage the Transfer Pricing process for the business. Focus on maximizing net interest income through an active margin management process
Support strategic business management by effectively linking the economics of each business’s strategies with Treasury interest rate risk management.
Vice-President - Director of Accounting and Operations for Asset Securitization 1995 to 2000
Managed a staff of eight accountants and operational personnel in support of two Special Purpose Vehicles -- Citibank Credit Card Master Trust I and Universal Card Master Trust. These account for $52 billion of credit card receivables with outstanding asset-backed securities totaling $44 billion.
Responsibilities included supervision of the financial control process including accounting, management reporting, and financial analysis.
Other responsibilities include cash management functions and external reporting to the SEC. Ensure compliance with GAAP standards.
Acted as primary interface with internal and external auditors.
Led team that successfully integrated the $12B Universal Card Master Trust to Citigroup operating platforms and accounting systems. Project successfully completed within six months
Identified need for additional controls for gathering information needed by external audits to ensure accuracy of reporting. Partnered with external auditors to create Excel based models used to validate accuracy of accounting & operations system.
Vice-President - Director Financial Analysis- US/Europe Group Financial Control. 1993 to 1995
Managed team of two responsible for providing financial management reporting and analysis of the US/Europe Consumer Banking Group
Responsible for Business Performance Analysis used to assess validity of business forecasts.
Analyzed actual performance against budgeted targets, explain variances and identify risk and opportunities.
Prepared Monthly Business Review and various Senior Management presentations.
Managed the development and implementation of Product and Branch Profitability Reporting across the US and support development in Europe.
Assistant Vice-President – Senior Analyst US Consumer Bank 1990 to 1993
Duties included the development of Product, Branch, and Customer Profitability for US Marketplaces.
Worked in conjunction with US Consumer Bank Treasury to implement Funds Transfer Pricing across the Marketplaces.
Researched portfolio composition issues necessary to set up accurate funding strategies.
Played the lead role in development, implementation, and maintenance of the reporting systems and financial models used, including extensive modeling of funds transfer pricing methods and the impact on management reporting process.
Education
MBA Finance St. John’s University Graduate School of Business, New York
BS Finance St. John’s University School of Business, New York