Risk Management Program Manager

RAPHAËL BENABOU

***** ********* *****

Boca Raton FL 33433-6330

Cell: 516-***-****

Res: 561-***-****

********@********.***

https://www.linkedin.com/in/raphaelbenabou/

SUMMARY

Senior Client and Program Manager with proven track record for FS institutions

25+ year focus on Capital Markets, Banking and Insurance: o Investment Banks: Goldman Sachs, Lehman Brothers, JP Morgan Chase, Citi, Seabury Analytic o Exchanges and Clearing institutions: NYSE, DTCC, NASDAQ-American Stock Exchange, Midwest Stock Exchange

o Commercial Banks: JPMC, Chase Manhattan, Citibank, First Union, Bankers Trust, Wells Fargo, BNP o Asset Managers: TIAA-CREF

o Insurance companies: CIGNA, St Paul Travelers, MetLife, AXA-Equitable, The Prudential, AIG, MONY o Other Financial Services providers: American Express, GMACC, Chase Mellon

Leadership roles on client initiatives to meet strategic challenges in Securities Trading, Risk Management, and Electronic Payments

o Trading applications (front to back office), risk management, cash management and credit cards operations

o Order Management (OMS) and Execution Management Systems (EMS) for Equities, Fixed Income, Options

o Reference (Product, Pricing and Customer) and Market Data (Bloomberg, Reuters, Thomson, S&P) Management

o Asset and Portfolio Management

o Clearing and Settlement

o Risk Management and Compliance:

o Enterprise Risk Management (ERM):

Market and Credit, Insurance, Operations and IT Risks

Quantitative processes and analytic techniques used in modeling o IT Governance and Compliance (CMMI, ITIL)

o Regulatory Compliance

Frank-Dodd

Basel II and III

o Cash Management and External Payments (CHIPS, Fedwire, SWIFT) o Credit Card Operations

o Commercial Lending

Senior Program and Project Manager responsible for full lifecycle from Program/project Charter to delivery

o Delivery Lead roles in global engagements ($5M-$175Million, 15 to 150+ staff) across departmental, enterprise and international boundaries of strategic engagements (from 10 to 100+ staff, from $2M to

$125Million) at leading institutions, across departmental, enterprise and national boundaries o PM Methodologist versed in Project Management standards (“best practices”), methodologies (CMMI, Six Sigma, PMBOK) and tools (Project Workbench, Microsoft Project, Primavera Evolve, HP (Mercury ITG) Portfolio Manager, CA (Nikku) Clarity

o Hands-on monitoring of SDLC deliverables and milestones o Keen attention to internal and external stakeholders o Focus on “client” satisfaction and Program’s performance RAPHAËL BENABOU

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o Collaborative working style to engage all internal and external actors’ constituencies early on with a focus on win-win outcomes

• Strategic BPR and Change Management Leader

o Leadership roles on several change/reengineering initiatives at major companies o Cash Management Reorganization at major bank

o Process and Organization Change from Project to Product at global clearing organization o Re-Engineering of International Credit Card operations for global card issuer o Risk management processes and methodology re-engineer at major rating agency o Organization reengineering of multiple IT divisions to support globalization strategy at European #1 steel company

o Industry-first Underwriting Assistant expert systems at insurance company o Claims Processing reengineering at major medical insurance company

Technologist with hands-on experience across all SDLC phases o Technology roots as Systems Programmer, Application designer, IT Architect and Technical Manager o Director of Technology with development and operations responsibilities for international systems o Hands-on exposure to a variety of technology platforms, software development and PM technologies o Management of IT Infrastructure and Application Portfolio Management lifecycles o Infrastructure Management lifecycle

o Application Portfolio Lifecycle

Leadership profile

o Positions of responsibility at leading Management Consulting firms o Senior Client Partner at Keane, Inc.

o Director of NYC FS Practice Head at KPMG

o Principal at Booz Allen & Hamilton

o Senior Principal at American Management Systems

o Leader by example, team worker, mentor and staff motivator o Ability to work with all project stakeholders, across departmental and geographical lines o Analytical and “out of the box” problem solver

o Fast learner, scientific and humanities education o Excellent written and verbal communications; effective interpersonal skills; strong formal presentation abilities o Self-starter with sense of initiative, high energy and composure in high pressure situations

Premier academic and professional credentials

o Post-graduate education from renowned US and European academic institutions; award of multiple master’s degrees with completion of Ph. D. course and seminar requirements at NYU o Extensively traveled within the US and abroad

o Trilingual speaker familiar with multi-cultural environments o Member of NY Academy of Sciences, Project Management Institute (PMI), AIIM, ACM, IEEE RAPHAËL BENABOU

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PROFESSIONAL EXPERIENCE

New Millennium Strategies (June 1995-Present) Senior Client Partner

For Predyct Analytics (July ’09-Present) (www.predyct.com) Chief Technologist and Senior PMO

o Firm specialized in Risk Management, Valuation, Compliance and o Responsible for three major activities:

1. Engagements to serve the firm’s clients on a variety of Risk Management assignments, for example:

• Currently, for a premier insurance software company: o Evaluate and select and manage Financial Data and Statistical Analysis vendors o Perform cloud-based data extraction via SQL and Excel into analytics engine o Test various regression algorithms against imported data

• For a renowned rating company

o Re-engineering of rating platform for insurance clients o Integration of ERM with internal systems and processes

• For several P&C insurance companies

o Use of ERM to benchmark multiline insurers in terms of capital allocation, profitability, within the enterprise or against competitors

• Working with major insurer’s risk, finance and IT organizations in the context of compliance with Dodd Frank Title I (Section 165)

o Creation of blueprint for organization structure (holding, subsidiaries, foreign operations)

o Planning for “going concern” and “gone concern” ( living will) in terms of stress scenarios, impact on capital, reserves, operations and IT (Resolution and Recovery scenarios) ensuring consistency with new capital standards (Solvency II) to address questions such as : “rainy fund”, reserve cushion in adverse “what if” scenarios

o SIFI designation by the Fed added pressure on client to comply 2. Management implementation of the firm’s Enterprise Risk Management solution (ERM) featuring

• An architected risk platform encompassing market, credit, liquidity, insurance and catastrophe risks

• The capital allocation in proportion to risk contribution of company’s business and investment activities (RAROC)

• Predictive risk metrics (e.g., VaR, T(ail)VaR, Probability of Default)

• Monte Carlo simulation and Stress Testing

• Compliance with national and international regulatory frameworks: Solvency II, Basel II and III (new minimum capital standards, stress testing, capital adequacy and liquidity ratios using risk-weighted assets)

3. Responsible for the firm technology infrastructure, hardware and software vendor evaluation and management

For Risk Solutions (CT investment advisory firm) (Jan. ’09 –June ’09) IT Strategist/Senior PMO o Client specialized in Risk management using financial modeling and actuarial statistics o Bond Model used to find optimal financial structuring for a rated bond, derived from the securitization of life insurance settlements

• Model longevity risk-based bond (mortality simulator engine)

• Enable bond rating

• Find optimal financial structuring for rated bond

• Structure and evaluate longevity risk transfer solutions (e.g., swaps) o Responsibilities encompassed:

o Product Requirements Definition for Bond Model, Mortality Simulator, Risk Transfer (Swaps) o Functional Specifications for various software facilities to support client business o Vendor evaluation and selection (for Mortality Simulator engine, Web-based Reserve calculation engine) o SDLC deliverables:

• Business Requirements Definition (BRD)

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• Functional Specifications (FSD)

• Design Specifications (DSD)

• Vendor evaluation and selection (e.g., Mortality Simulator engine)

• Issue management with bond model vendor (“quants”)

At Keane, Inc. (Jan 2008-Nov 2008) Senior Client Partner in Capital Markets & Insurance o Led Middle office solution architecture

o Integrated trade processes from pre-trade to settlement across multiple assets o Open, scalable architecture with multi-layer control and risk management o Unified access to Reference and Master data Securities, Exchanges, counterparties o Business Process Automation (BPM)

o Configurable workflows

o Business rules defined and managed via rules engines o Component-based architecture using industry standards (SOA) o Led Securities Lending proposal for an automation project at a major investment bank o Assessed strategic challenges”

1. Collateral Management

2. Risk

3. Vendor integration (LoanNet, Equilend)

o Documented expanded features of existing product for portfolio lending workbench for auto borrows to accommodate new client requirements

o Documented lending transactions process flows

o Provided business analysis and guidance to technical team for an Institutional Sales Portal for a Boston-based global asset manager and custodian

For CIGNA (Hartford CT) (Apr. ’07-Nov. ’07) Senior PMO o Enterprise initiative (“Consumerism”) to enable easier and faster introduction of new features for Claim Reimbursement product offerings: Flexible Spending Accounts (FSAs), Health Retirement Accounts (HRA), Health Savings Accounts (HSAs)

o Program goal to modernize Financial Claims IT Portfolio by creating architectural foundation to replace legacy platforms with state-of-the-art technologies (SOA, BPM) o Responsible for PMO Office, reporting to Program Executive o Added responsibilities (given by client after on the job performance) 1. Managed vendor for delivery of automated fund enrollment, claims and payment processes 2. Helped define requirements for services, components, external interfaces to banking entities, and access to data repositories

o Underlying technology premised upon BM BPM suite (WPS Modeler, WID, Process Server, WPS Monitor), interfacing with an SOA-based environment via Web service calls and Java components to host of platforms (IBM CICS batch and COBOL, DB2, UNIX, Java, Message Broker,…)

For TIAA-CREF (NYC) (Sept. ’06-Feb. ’07) Senior Project Manager Renewal initiative for Equity Trading business, with replacement of OMS and EMS core applications and integration of vendor offerings with Equity Trading physical infrastructure and application environment Scope of responsibilities:

o Standard PM responsibilities:

o Authoring of SDLC documentation

1. Business Requirements Document (BRD)

2. Functional Requirements Document (FDD)

3. Solutions Design Document (SDD)

4. SOX Compliance document

5. Test Plans

o Leadership of Proof-of-Concept for front-runner Execution Management System vendor 1. Physical environment under management encompassed Unix and Windows servers, Java, Citrix, interfaces to major Market Data vendors (Bloomberg, Reuters, Comstock) and FIX connections to liquidity providers (Lava, ATR) and major street brokers RAPHAËL BENABOU

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o Thought leadership on key issues

1. Interfaces to market data feeds (Bloomberg, Reuters, Comstock) 2. Resolution of cross-reference issues from Bloomberg-based SMF/Reference Data to Reuters RIC symbology to access Level II (“depth of book”) for domestic issues and Level I for international equities

For St Paul Travelers (Hartford, CT) (Jan. ’06-Aug. ’06) Senior Architect Regulatory compliance enterprise initiative to implement customer financial data privacy initiative for P&C lines of business. Defined architecture for security of data at rest in multiple databases Heterogeneous technology environment including IBM mainframes, Web–based and UNIX, running CICS, DB2, Oracle, Windows 2000 and MS-SQL, encryption software and network appliances

For Pitney Bowes (Stamford, CT) (Mar. ’05- Dec. ’05) Senior Program Manager (PMO) PCI Initiative to protect Client Credit Card information o Managed outsourcing, encryption appliance and data privacy consulting vendors o Interfaced with IT and Business stakeholders.

o Designed interface of network appliance with Tandem “Non-Stop” host o Used Rational tools (ReqPro, ClearCase, Clear Quest and Test manager), Microsoft Productivity Suite (MS Office, Visio, MS Project)

For JP Morgan Chase (Oct ‘04-Feb ‘05) Strategic Sourcing Manager Organization responsible for procurement of $11 Billion of IT services and products: o For Asset Management and Private Banking LOBs, helped define requirements (RFPs), perform vendor selection

(EZE, Advent, SS&C, Charles River and Thomson), vendor negotiation and package acquisition for TOMS (Trade Order Management systems) and PMS (Portfolio Management Systems). o Manager of procurement life cycle from identification of LOBs’ requirements, to negotiation with vendors and liaison with Legal Department

o Use of contract and other relevant document (SOWs, Task Orders) databases o Matrix work with various internal groups such as Supplier Management, Vendor Risk, Legal

For DTCC (NY) (April ‘04-Sept ‘04) Senior Strategic Consultant o Reported to Managing Director

o Interviewed PMs and GMs from Asset Services, Clearance & Settlements, Distribution Services and New Products Business Units

o Worked with Product Management Senior Executive and Managing Directors to establish a Product Management Office (“PMO”)

o Authored PMO Charter

Product Office Mission/Objectives/Benefits/Organization/High-level plan o Reviewed current business processes candidates for re-engineering o Used “Best Practices” (Six Sigma, StageGate™ Product Lifecycle) to proposed enhanced processes o “ Jumpstarted” Product Office by defining Business Requirements for a PM “Automated Assistant” featuring a

“PM Dashboard” to report on critical dimensions of the performance of PM business units: Program Management, Customer and Product P&Ls, and IT Governance (Balanced Score Card)

For Seabury Analytic (NYC) (April ’02-March ’04) CTO o Investment banking advisory firm specialized in Enterprise Risk Management for P&C insurance companies) o Senior Adviser to Managing Director in defining strategy to distribute Enterprise Risk Management product

(“ERM”) to various risk managements consulting firms and P&C insurance clients o Work with quantitative team to refine an ERM “Benchmarker” product (C++ and SQL) o Defined architecture for ERM analytics on the Web o Defined IT architecture for Texas-based outsourced processor of workman’s compensation claims

For NASDAQ-American Stock Exchange (NYC) (June ‘99-May ‘00) Senior PMO o Led PMO activities for a $50 Million infrastructure renewal initiative for Options and Equities trading environments: communication with Senior Management, overall Program plan, deliverables tracking, issue management and resolution

o Report to Program Executive on an infrastructure renewal initiative for Options and Equities trading RAPHAËL BENABOU

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Scope was trading systems from back-end matching engine to hand-held terminals by on floor traders and brokers

o Established Program Office “from scratch”/Authored Program Charter/Created overall Program plan o Managed issue identification and resolution

o Ensured continuous communication with Senior Management and Program stakeholders o In addition

Led documentation of Business Requirements and Vendor RFP/Participated in Vendor assessment and selection

For METLIFE (Sept. ’98-May ’99) Senior PMO

Strategic (De-mutualization) initiative encompassed nationally distributed, diverse computing platforms: Call centers, mainframes (CICS/IDMS/DB2), Client and Web servers (MS Windows NT, SQL 2000, VB)

Led Program Office Testing and QA activities

o Authored Strategy and Overall Plans

o Guided Project Managers in preparing development and testing plans o

For commercial lending division of GM (GMACC) (Oct. ’97-June ’98) Senior IT Strategist

Worked with Senior Executive to define operational strategy for the refinancing of $50 billion-dollar commercial loan portfolio

Defined IT architecture for a reengineered refinancing process, premised on Intranet, data warehousing, OLAP, and workflow management in a Windows NT and AS/400 environment

For #1 steel manufacturer in Europe (USINOR) (Jul. ’95-Jul. ’97) Senior IT Strategist

to support a globalization strategy, worked with Senior Business and Technology executives to help define new role and organization of its multiple IT divisions:

• assessed $500 million IT budget, base lining people, equipment and application software expenditures

• benchmarked against industry using Gartner database

• rationalized application portfolio (measuring business alignment, prioritizing, consolidating)

• defined road map to streamlined IT organization (central utility model)

• presented to management individually, in small groups and whole group (100+ senior managers)

• annual derived savings of 15% after initial year spike to implement strategy Nolan Norton, KPMG (December 1993-May 1995) (New York Office) Director Member of Management Team

o Built up New York Practice

o business development

o recruiting

o intellectual capital formation (BPR, IT Strategy, Architecture, and Benchmarking) o Engagement Leader

o For Chase Manhattan

o To support re-engineering of Worldwide Finance organization and functions o Managed IT architecture initiative

o For First Union (Charlotte, NC) Reported to Chief Credit Officer o Strategic initiative was a Section 20 Tier II application to the Federal Reserve o Enterprise-wide Program was to assess and remedy bank wide processes, procedures, IT applications and systems to measure, and report on, credit risk (e.g. country, counterparty), market risk, and IT risk o Systems involved encompassed heterogeneous IT infrastructure for Loan Processing, Customer Information Master File, Trading systems, Reporting Systems on IBM mainframes and Stratus fault-tolerant environments o Managed multi-disciplinary team of business, operations and IT experts. o For Bankers Trust Alex Brown led team to assess client’s IT strategic plan, with emphasis on the IT organization and on major IT investments: base lining, benchmarking, rationalization Booz Allen & Hamilton (September 1990- December 1993) New York Office Principal Senior Member Worldwide FS Practice

Engagement Leader of global initiatives for major FS clients: o For American Express (NY, AZ, Europe)

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o Led Credit Card operations re-engineering initiative, one of several major initiatives within to revitalize the franchise, experiencing competitive threats and rising attrition o Led strategic Program to assess Worldwide Merchant Automation o Authored Project Management Office handbook

o Led Corporate Data Center Disaster Recovery Strategy o Authored methodology for Worldwide System Portfolio Assessment o For Midwest Stock Exchange (Chicago and NYC)

• Led the automation strategy and vendor selection for the development of a store-and-forward Mortgage-Backed Securities pool notification process

o For Chase Manhattan (NYC)

• Led evaluation of an Electronic Funds Transfer Payment System and provided recommendation on alternative strategies for the Cash Management

American Management Systems (Oct. ‘85 - July ‘90) Senior Principal NYC Director of Technology Senior Member of Financial Services Practice Managed multiple and concurrent projects for key clients in Capital Markets and Insurance o For AIG (NYC)

• Managed a team of business and technical professionals to develop a turnkey application in the Premium Finance Division. System was completed in five months, from initial business requirements to cutover to production, enabling the client to earn interest income on a loan asset base built up in less than 8 weeks o For PaineWebber Capital Markets Division (NYC)

• Led a trade processing system evaluation effort. Objectives were to select a package vendor, assess the feasibility of an internal build option, and prepare an implementation plan for the chosen alternative o For Prudential Capital

• Managed effort to support the firm's entry into the C&I Loan Securitization business o For MONY’s individual Life division

• Supervised a multi-disciplinary team to create an industry first Life Underwriting Expert System o For AXA-Equitable’s Pensions Operations Area

• Managed several projects over a 14-month period, involving a team of up to 75 client and consultant professionals EDUCATION

New York University

o Completed seminar and course requirements for Ph.D. at Courant Institute of Mathematical Sciences (CIMS) o Master’s in Computer Science (GPA of 3.97/4.00)

ENSEIT (École Nationale Supérieure d'Électronique et d’Informatique de Toulouse") France o MS in Engineering plus two post-Master specialty Certificates o Dual Major in Mathematics and Computer Science with honors; “Maîtrise” (Master’s degree) from

"Faculté de Sciences", Toulouse, France

o Minor in Economics at “Faculté de Sciences Economiques” (also in Toulouse). AFFILIATIONS & OTHER SKILLS

Methodology and Training: author of internal methodologies on IT architecture and Business Process Engineering at KPMG; trained project managers at AMS on Project Management estimation techniques; created PMO handbook for American Express

Member of ACM, IEEE, NY Academy of Sciences, Project Management Institute (PMI), AIIM, SAP Risk Management Council

Mentions in Trade press/Who's Who in IT

Co-author of a published article on Mentoring for Organizational Development Society Coauthor of 2 research publications in Medical Journals Lecturer at a New York City College

Fluency in French (native) and Spanish

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