THOMAS J. SKIBICKI

*** *** ***** ***. ***** 646-***-****

New York, NY 10002 ad4qjw@r.postjobfree.com

SUMMARY

Senior Financial Services Executive with deep, broad-based knowledge of correspondent clearing and operational brokerage settlements/products. Managed numerous operational processing units within brokerage and clearing firms. Possess deep knowledge of the interdependencies amongst capital markets, advisors and back office. Implemented process improvement solutions either internally or vendor developed, which resulted in savings for broker dealers. Regarded as a transformational leader, and recognized for creating a culture of high performance that is client-focused and professionally developed.

PROFESSIONAL EXPERIENCE

SELF EMPLOYEED, New York, NY 2017 - Present

Independent Business Consultant

Created an assessment and implementation plan to guide broker dealers with adherence to the Consolidated Audit Trail (CAT) rule change.

Provide insight and guidance to senior leadership for various aspects of the merger and acquisition of a broker-dealer, which resulted in a smooth transition of clearing entities and a reduction of expenses.

Recommended “best practices” for future operating models to gain efficiencies from the acquisition or transition.

Performed risk assessments on in-flight M&A events to determine readiness for transition. Weighed the risk/reward for tasks that are off-track and provided alternative solutions to achieve desired transition date.

OYSTER CONSULTING LLC, New York, NY 2014 - 2016

Senior Consultant

Led vendor evaluation for advisors and broker-dealers to identify “best in class clearing and processing solutions. Provided recommendations based on business profile, services offered and cost analysis.

Counselled advisors and broker-dealers in the “thought” process needed to determine which clearing model best aligns with their business

Conducted risk assessments of “in-process’ conversion events to identify operational and service gaps, measure the impact of change and assess the operational readiness of the field, operational, management support groups

Performed business analysis of all functional departments of a broker dealer, including, sales, operations and front office. The practices recommended, resulted in processing efficiencies and reduced expenses.

For the transition from self-clearing to fully disclosed, provided insight into the differences between the two models, and offering guidance as to which function/services will be sunset.

FIRST CLEARING CORRESPONDENT SERVICES, New York, NY

A non-bank affiliate of Wells Fargo & Company

Senior Vice President, Director of Client Integration 1998 - 2013

Managed the business unit responsible for client acquisition and conversion events for top tier self-clearing and fully disclosed correspondent firms. Developed a unique relationship model and implemented an intra-company communication plan to increase transparency during conversion events. Cultivated a team of conversion specialists and relationship managers to ensure all processes are implemented and documented throughout the onboarding process including all aspects of operations, compliance, IT and training

Led >250 client integration projects for small to mid-sized broker-dealers, resulting in on-time completion and increased clearing revenue. Over the last four years, the annual clearing fee revenues through new client acquisitions were an average of $7 million.

Developed a new strategy and approach for the client integration process, which included a detailed plan and roadmap for each transition event and standardized transition and training practices. Resulted in significant improvement of 1% in the client experience and satisfaction ratings of 4.5 out of 5 when measured by responses received from correspondent firms.

Worked closely with clients, management and technology to develop customized services, technologies, products and services based on a strategic review with the client. Solutions included creating a project for two major broker dealers to integrate their proprietary work stations onto the First Clearing platform and introduction of an alternative imaging process.

Created a best practices operational consulting service for correspondent firms. Services focused on workflow optimization, application utilization, enhanced risk controls, and review of the correspondent firm succession plan in strategic operational areas.

PRUDENTIAL SECURITIES, New York, NY

First Vice President, Business System Development Manager 1996 – 1998

Created a unit of business analysts and project managers who were charged with the control, oversight, and implementation of technological solutions for corporate initiatives. The solutions resulted in expense reductions and process efficiencies which translated into head count expense reduction of approximately 15%.

Created pro-forma templates for project management which included timelines, project plans, requirements, cost benefits analysis and to manage capital and expense costs.

Headed operational steering committee for “Y2K.” Established as the point of contact for all firm operational issues.

Previous experience at Prudential Securities includes:

Vice President, Operations – Security Clearance, Financial, Transfer, Equity Order Room, Options, Corporate Actions and Reconciliation Manager

Direct and managed daily operations for various back-office departments. Responsibilities included settlement and clearance of all products and classes, equity and option order entry, financial settlement, reconciliation and control of all equity, bond and option products traded on the major stock market exchange and over the counter markets.

Managed several Corporate Action reconciliation projects, which reduced capital charges and the firm write off expense. Recovered over $10 million funds from firms and clients.

Supported Stock Loan processing and settlement.

Managed excess available inventory for firm and customer collateral loans

Led firm initiative to implement the T+3 settlement change.

EDUCATION

Baruch College 1972

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