Timothy M. Barney
** ******* **** **** * ? Fairfield, CT 06824 ? 203-***-**** ?
acb05t@r.postjobfree.com
HTTP://WEBPROFILE.INFO/TBARNEY
Global Financial & Project Management
A dynamic executive with proven experience driving optimal financial
performance across the organization, including effectively aligning
resources and positioning the company for maximum growth. Anticipate,
evaluate and understand roadblocks to achieving organizational objectives
and allocate resources to address issues in close collaboration with key
decision makers and stakeholders. Continually review resources, processes
and targets to maintain focus on becoming the best organization in the
market space.
Core Competencies
Restructures / Global Finance / Regulatory Multifunctional
Divestitures Change Leadership
Integrating Technology & Capital & Debt Acquisition / Resource Analysis /
Business Management Allocation
Directing Complex Business Situation & Risk Analysis / Strategic Planning &
Systems Solutions Execution
Professional Experience
BCL Business Solutions, LLC
Fairfield, CT
Co-Chief Executive Officer & Chief Financial Officer (2012 - Present)
A Best Practice Consulting boutique service provider specializing in building
organizational capability and maximizing performance, servicing governmental
and private sector organizations and their employees to improve applied work
flows focusing on enhancing overall efficiency and effectiveness while
executing change management.
Lead Managed Loss Mitigation and Servicemembers Civil Relief Act Independent
Regulatory Mortgage Review of the largest US mortgage lender in participation
with an International Consulting Firm; responsibilities included strategy and
planning, review execution, issue resolution and reporting for over 10 million
mortgage files (Charlotte, NC).
Program managed the IT implementation and mitigation initiatives for a global
news, financial transaction processing and information technology organization
resolving privacy and data management concerns (New York, NY).
DEUTSCHE BANK, NA / UK New York, NY / London,
UK
Managing Director, Finance, North America (2007 - 2011)
Strategic change leader and regional product controller for North America,
overseeing Global Rates, Commodities, Global Funding / Treasury and Foreign
Exchange, as well as Fixed Income Prime Brokerages and Distressed Debt.
. Positioned the company for $84 million in annual cost savings by
performing global current state-expense analyses of IT and human capital
as a part of Financial Accounting and P&L validation reengineering
program.
. Accurately defined future state datasets to redesign and strategically
restructure data, flows and IT-system processing, leading to a global 22%
efficiency benefit and performed detailed risk assessments and control
reviews for 10 mature and three startup businesses, mitigating 30+
control issues during a period of high-trading market volatility.
. Partnered with key business executives to create a support structure for
three startup operations, leading to maturity within two years and
incremental revenue of more than $300 million assuring financial and
regulatory compliance.
. $18 million net cost savings achieved by analyzing Finance team
responsibilities and successfully offshoring 20% of roles to India. And
transferred and integrated more than 160 Finance, P&L, Validation and
Transaction Accounting roles into Operations, leading to a 14% reduction
of redundancies.
Managing Director, Finance, United Kingdom (2001 - 2007)
Global Program Director for Sarbanes-Oxley, directly managing a staff of
125 resources, as well as holding complete responsibility for UK
Controlling (financial and regulatory), leading a team of 300 directs and
400 indirect reports.
. Developed SOX-implementation methodology and managed the global program
rollout covering $1.6 trillion in assets and revenues of $30 billion.
Worked alongside C-level officers and functional leaders on a global SOX
program, personally overseeing a $40 million budget.
. Coordinated the conversion to U.S. GAAP across all U.K. legal entities,
including implementing adjustment review processes permitting the global
company NYSE listing.
. Streamlined the management and organizational structure of 240+ Financial
and 300+ Product Controllers, leading to coverage alignment and the
resolution of 80 internal audit and regulatory issues.
. Reduced necessary resources 12%, delivering a $2.4 million annual savings
by completing a department resource and responsibility review to track
and eliminate non-essential activities and saved $16 million annually by
initiating a strategic review and implementation of financial and
regulatory reporting systems.
Managing Director, Finance, North America (2000 - 2001)
Led the division as Global Business Area Controller for Global Cash
Management and Custody Institutional Services, ultimately accepting a
position in a larger role with Deutsche Bank, UK.
. Partnered with new management to complete a business model and product
profitability review, resulting in a 130% NIBBT increase in one year.
Achieved a $320 million gain on sale by preparing the Global Custody
business for divestiture through detailed financial and pertinent
information due diligence.
. Led multiple due diligence reviews of target company operations,
determining strategic fit and complementary business profiles leading to
no-go decisions.
CREDIT SUISSE FIRST BOSTON New York, NY
Director, Finance (1998 - 2000)
Global Product Controller for Investment Banking and Private Equity
Divisions, leading approximately 60 global direct reports and 500+ product
controllers.
. Successfully implemented a rolling valuation review cycle for a $900
million investment portfolio, resulting in enhanced revenue recognition
dialogue to increase accuracy in financial projections. Delivered an 18%
second year revenue increase by designing and implementing an enhanced
Product Line Profitability and Revenue Attribution system for the
Investment Banking division.
CANADIAN IMPERIAL BANK OF COMMERCE (CIBC) New York, NY
Executive Director, Finance (1996 - 1998)
Provided Finance leadership across multiple business lines (Structured
Finance, Lending, and Fixed Income Trading), maintaining responsibility for
Financial, Managerial and Special Purpose Vehicle legal entity close and
building product line profitability.
. Completed multiple product, client profitability and regulatory capital
usage reviews, providing critical information for 10 core products and
1,200 clients.
NATIONSBANK Charlotte, NC
Director, Finance (1995 - 1996)
Led Product Control team and provided leadership across multiple business
lines (Investment Banking and Trading), integrated Chicago Research &
Trading and delivered efficiencies through initial business development of
Investment Bank.
GOLDMAN, SACHS & CO. New York, NY
Vice President, Finance and Operations Control (1990 - 1995)
Globally responsible for consolidated US GAAP Financial Reporting; Created
Operations Control and Cash Capital department focused on demonstrating
global collateralization of Treasury Issuance with unencumbered collateral.
COOPERS & LYBRAND New York, NY
Audit Supervisor, Financial Services (1985 - 1990)
Audit of Financial Services companies, including Goldman, Sachs &Co., AIG,
Skandia Reinsurance and Revere Copper & Brass.
Education / Certification / Military
Master of Business Administration (MBA), Bernard Baruch, Zicklin School of
Business
Bachelor of Science in Accounting (Magna Cum Laude), King's College
Certified Public Accountant (AICPA, Pennsylvania)
U.S. Army Reserve - Specialist (Honorable Discharge)