Project Manager Customer Service
Resume:
Peter M. Borzi
*** ****** ****** (h) 718-***-****
Staten Island, NY 10314 *******@*******.*** (c)
Innovative Securities Operations Executive with effective abilities
to provide strategic decision-making and deliver timely results
Executive Profile
Seasoned securities operations professional with more than thirty years’ experience in back office operations.
Results oriented, dedicated and driven with a diverse background in managing multiple departments and
functions. Strong team leader with solid organizational, communication and creative problem-solving skills.
Extensive experience in Project Management, spearheading migration and integration projects in fast-paced,
high-growth environments. Consistently recognized for successfully implementing solutions to enhance
productivity, meeting project objectives, developing cohesive, productive teams and exceeding business and
service goals.
Areas of Expertise
Project Management Internal Audit Internal Control Asset Servicing Corporate Actions Physical
Settlement Government Settlements Custody Services Mutual Fund Operations Team Building
Professional Experience
Barclays Capital Inc., New York, NY
Director, September 2008 – February 2013
Accountable for government securities settlement, physical settlements, ACAT processing, central transfer
operations, alternative investments, mutual funds, money market and FDIC Insured Cash Deposit Sweep
operations. Reported to Director of Securities Settlements/Operations.
Achievements
• Acted as project manager for Barclays Wealth Multi Bank FDIC Insured Cash Deposit Sweep Platform.
Responsible for the successfully conversion of client assets from Money Market Sweep platform to new
Cash Deposit Sweep Platform
• Played integral role in integrating legacy Lehman Brothers business lines and core processing systems
into Barclay’s infrastructure
• Responsible for The Lehman Brothers post – Bankruptcy reconciliation and research functions
• Insured that all Legal and Regulatory requirements were adhered to
• Responsible for the internal control and reconciliation of firm cash and securities accounts
• Prepared management reports analyzing and summarizing vital risk and control issues
Lehman Brothers Inc., New York, NY
Senior Vice President, Clearance and Custody Services, May 2000 – September 2008
Managed staff of 40. Oversaw physical settlements, transfer, legal transfer, restricted stock clearance, vault
custody services, direct registration services, limited partnership operations, mutual funds/money market sweep
operations, private equity operations, domestic / international dividend and P&I income processing. Served as
team leader for the migration and integration of a number of back office clearance settlement and custody
functions. Reported to Managing Director of Global Operations.
• Served as project manager overseeing design, development, testing and implementation of various
back office systems including DTC custody messaging interface, global cash money market sweep and
Lehman Brothers bank cash deposit processing system
• Responsible for hiring clearance and custody personnel needed to integrate and support self-clearing
business
• Insured that all internal Audits were performed in a timely and accurate fashion.
• Oversaw quarterly vault counts and account reconciliations as required by the regulatory agencies
• Responsible for Clearance and Settlement Risk and Control Issues, Met on a weekly basis with upper
Management Team present issues and updates
Achievements
• Achieved accurate and timely conversion and transfer of more than 15,000 physical certificates valued
at over $2 Billion from Bear Stearns to DTC custody services FBO of Lehman Brothers and more than
$1B in customer mutual fund assets
• Successfully reconciled all street side cash and securities accounts as part of conversion project
• Insured all compliance and regulatory requirements were met and maintained by the custody and
settlement teams
• Developed and implemented internal control procedures and reporting
Peter M. Borzi *******@*******.*** (c)
Pg. 2
Cowen and Company / S.G. Cowen Securities Corporation, New York NY
Vice President Assistant Cashier, January 1985 – May 2000
Responsible for Internal Control, Asset Serving and Corporate Action Functions including Domestic and Foreign
dividend / income processing, corporate actions, proxy, class actions, stock record, transfer, legal transfer,
restricted stock clearance, mutual funds, money markets sweep, money t ransfer/cash management,
vault/custody services, NYS abandoned property and record retention. Reported to Managing Partner/Head
Cashier.
• Acted as back office operations liaison to various vendors including ADP, Beta Systems, Xcitech, FII
Standard and Poors and Bloomberg
• Oversaw daily reconciliation of all suspense and clearance accounts, daily processing and reconciliation
of the firm’s two money market sweep products with more than $1B in client assets under management
• Oversaw the cash management department and held responsible for review, approval and release of all
federal fund wire and ACH transactions
• NYS abandoned property responsible for the escheatment of funds and securities
• Served as back office client service point of contact working directly with the following departments:
Margin, P&S, Customer Service, Tax Reporting, Finance, Stock Loan Operations, Branch Offices and
Correspondent Clearing Clients
Achievements
• Developed and implemented permanent Custody Service supervision procedures a nd controls and
created quarterly count and account verification process
• Served as team leader responsible for back office conversion of core operating system to beta systems
and Y2K testing
• Trained staff and implemented sub systems and testing
l
Cowen and Company New York NY
Dividend/Bond Interest Manager, September 1978 – 1984
Responsible for all aspects of dividend/bond interest processing including cash dividends, optional dividends,
dividend reinvestments, corporate/muni bond Interest, government and mortgage backed P&I allocations, stock
dividends, stock splits, spinoffs and rights distributions. Responsible for client tax reporting relating to income
events. Managed staff of 10.
Achievements
• Recovered more than $500,000 in aged open receivables
• Implemented enhanced controls and procedures to ensure timely and efficient processing of all income
related events
• Served as project manager overseeing design, development and implementation of proprietary dividend
and bond interest and Money Market Sweep processing systems
Cowen and Company New York N.Y.
Custody and Clearance Clerk, 1976 – 1978
Responsible for receipt and delivery of physical securities, examination of securities for negotiability, coupon
collection and validation, daily cycle counts of box positions. Prepared client and proprietary securities for
transfer and presented to transfer agent for reregistration. Processed mandatory corporate action events,
redemptions, calls, partial calls and puts.
Licenses
Series 99 Operations Professional
Education
Kingsborough Community College, Brooklyn, NY
Completed business administration courses
New York Institute of Finance, New York, NY
Completed various industry-related courses
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