Accounting Back Office

Resume

RONALD LOCHAN, MBA

* ********* ***** • Monroe Township, New Jersey 08831

917-***-**** • *************@*******.***

PRINCIPAL BUSINESS CONSULTANT

Extensive experience in financial services, subject matter expert on operations processing and financial reporting, specializing in Capital Markets financial instruments, processing, and financial reporting. Primary target for trading solutions deployed at banks and asset managers.

Financial Analysis • Financial Statements • Consulting • Private Banking • Work Flows • FX • Front Arena • Adaptiv • OPICS • Trade Life Cycle • Capital Markets • Gap Analysis • Best Practices FASB/IFRS • RFP/RFI • Hedge Accounting • Hedge Funds • Fixed Income • Equities • Derivatives • Credit Instruments • Dodd-Frank PROFESSIONAL HISTORY

Mitchell Martin, Inc. • New York, New York • 01/2018 to 7/2019 A champion of Talent Acquisition in information financial, healthcare and other industries throughout the United States. End Client – Bank of America • Charlotte, NC • 01/2018 to 7/2019 Senior Business Consultant

Provide Front, Middle, and Back office consultant services for Capital Markets and Treasury. Define Trade Life Cycle processing, confirmations, settlements and financial reporting. Prepare requirements documents (BRD/FRD) detailing functional changes, Scope Documents, work with technical team to develop implementations, conducts Gap Analysis, and designs test scripts. Use extensive knowledge, and working experience, of interest rate instruments, derivatives, equities, FX, commodities, and credit instruments in designing workflows and FASB/IFRS compliant accounting schemata, including hedge accounting.

Achievements:

• Attain 100% on-time delivery of implementation projects.

• Increased transparency of project progress and blockers in an Agile environment.

• Lead the cross-training initiative with both business and development teams. RLOC ASSOCIATES, LLC • Monroe, New Jersey • 4/2015 to Present Collaborates with the Capital Market sector in streamlining their Front Office, Middle Office and Back Office processes. End Client – Confidential • 05/2015 to 12/2018

Principal Consultant

Designs Front, Middle, and Back office (front-to-back) processing for Capital Markets trading systems. Defines Trade Life Cycle events for trade processing, confirmations, settlements and financial reporting. Prepares requirements documents

(BRD/FRD) detailing functional changes, works with technical team to develop code changes, conducts Gap Analysis, and designs test scripts to test enhancements. Uses extensive knowledge of interest rate instruments, derivatives, equities, FX, commodities, and credit instruments to design workflows and FASB/IFRS compliant accounting schemata, including hedge accounting. Implements and consults on workflow designs for Capital Markets and Private Banking institutions focused on adopting strong operational risk mitigation techniques. Achievements:

• Formulated business plan and value proposition during start up, securing the first client. FIS (formerly SunGard) • New York, New York • 8/2006 to 3/2015 FIS is the world's largest global provider dedicated to banking and payments technologies. FIS empowers the financial world with payment processing and banking solutions, including software, services and technology outsourcing. Senior Consultant

Provided pre-sales consulting services in Asia, Europe and the Americas, to traders of interest rate instruments, derivatives, equities, FX, commodities, and credit instruments. Prepared and delivered presentations demonstrating best Resume

practices, trade life-cycle processing, to prospective capital markets clients for Front Arena and Adaptiv. Developed workflows - Trading, Operations, Treasury, and Private Banking - composed of financial instruments including interest rate instruments, derivatives, FX, equities, credit instruments, and commodities. Designed workflow and technical layout for Portfolio Swaps, a complex equity derivative enabling transparency in the front-office and downstream processing, through valuation, confirmations, settlements, and accounting. Gathered requirements and designed application to enable OMS functionality. Provided consulting and solution development services that address Dodd-Frank trading, settlement and clearing regulations. Prepared and presented accounting schemata compliant with Financial Accounting Standard Board and International Financial Reporting Standards including hedge accounting FAS 133 &157, and IAS 39 & FRS 9. Prepared and responded to RFP/RFIs. Led asset management prospects operational presentations from trade life-cycle processing to fund accounting. Provided business specifications and worked closely with developers, analyzing SQL and Python scripts, that produced Confirmations, Payment Notices, SWIFT messages, and other product enhancements. Achievements:

• Regulatory changes forced Pension Funds to invest in technical enhancements that address demands for transparency and accuracy. Rapidly adopted regulatory requirements, incorporated then in solution, and successfully sold to Pension Funds in Mexico.

• Dissatisfied client threatened legal action. Completed a comprehensive, on-site, review of the client's implementation, recommended and redesigned new workflows for trading and operations, delivered accounting schema, and re- implemented the solution. Effectively reengaged with less-than-satisfied clients. MISYS • White Plains, New York • 10/2000 to 8/2006 Misys provides a portfolio of financial services software. The solutions cover retail and corporate banking, lending, treasury, capital markets, investment management and enterprise risk. Business Analyst

Provided professional services implementation in Asia, Europe, the Middle East and North America. Provided on/off site consulting services, conducted a gap analysis, created functional design and guidance, system test, and implement operations solution. Managed treasury operations and trading desk conversion to OPICS for interest rate instruments, derivatives, equities, and FX. Provided implementation services to comply with hedge accounting FAS 133 & 157, and IAS 39 & FRS 9.

Achievements:

• A dissatisfied client stopped payment of bills. Delivered an on-site presentation and solution demonstration of a redesigned implementation test plan, conducted a system walk-through and comprehensive review of results with the client. As a result resolved a $2.5 million payment problem.

• Major regulatory change introducing the guidelines for Hedge Accounting. Researched and applied regulatory changes by working closely with programmers to translate the regulatory specification to technical specifications, tested the technical changes, and demonstrated results to prospects and clients. Successfully sold and implemented hedge accounting module in the Americas, and Europe. FEDERAL RESERVE BANK OF NEW YORK • New York, New York • 2/1999 to 10/2000 The Federal Reserve is the central bank of the United States. It was created by the Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system. Reports Analyst

Analyzed depository data from domestic and foreign banks that account for 85% of the New York District’s money supply. Supported Open Market Operations (OMO) in forecasting money supply and the Board of Governors in implementing monetary policy. Evaluated new financial products to determine their effect on reporting requirements and money supply. Achievements:

• Recognized that As-of payments were adversely affecting money supply forecasting. Conducted a comprehensive review of the causes and patterns of As-of payments and recommended policy adjustment on the check clearing process that enhances OMO’s forecasting ability. Earned a Presidential Award for reach and recommendations.

• Enhance member banks' understanding of revised Reserve Requirements. Prepared and delivered segments on Reserve Requirements seminars. Earned a Performance Plus Award for contribution to seminars. RONALD LOCHAN, MBA • Page 2 • *************@*******.*** Resume

EDUCATION

Master of Business Administration in International Finance St. John’s University, New York, New York

Bachelor of Science in Accounting

Long Island University, New York, New York

PROFESSIONAL EXAMINATION PASSED

Certified Public Accounting

RONALD LOCHAN, MBA • Page 3 • *************@*******.***

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