Dave Denton, CTP, AAP
adukp7@r.postjobfree.com
Summary
Career has encompassed over 20 + years in the financial industry. Various positions held include managing areas within Risk Management, Bank Operations, Data Processing, Product Management and Internet development. Have always worked with diverse teams of professionals with the overriding goal of achieving results. Known as a 'Can Do' professional who motivates teams to achieve their best. Specialties: Certified Treasury Professional (CTP), Certified ACH Professional (AAP), Past member of the Federal Reserve Operations Advisory Committee 5th District, Past member of the Education Committee for EastPay, Speaker at various Professional Conferences
Experience
Principal - Owner / NFT Creator
Payments Risk Consulting, LLC
Self-employed Payments Risk Consulting, LLC ·
Nov 2021 - Nov 2022
Charlotte, NC
Specializing in the introduction of top notch companies and/or individuals who offer innovative solutions to the financial services industry and health care providers.
No Financial Obligation to review the partners within our network
Review and share Linked-In posts from my many connections/followers
Contacts include CBDC developer - The Federal Reserve Bank of Boston
Payments professional retired - Federal Reserve Bank of Cleveland
Future Payments Strategist - NACHA
Multiple contacts within Crypto, NFT, DiFi, Blockchain
Versed in multiple blockchains, both proof of work and proof of stake
Own now or have owned many DiFi's
Created a NFT site on OpenSea with NFT's for sale
Have reposted multiple white papers on the Blockchain and Web3
During my time at Wells Fargo one of my responsibilities was to review policies and procedures related to electronic payments and credit risk, as well as recommend revisions as necessary to meet regulatory compliance
With the increased growth of the cyber landscape, it will be important to read and stay in tune with the moves of the SEC Chair, Gary Gensler. In April of this year he shared his view on Crypto.
To see his prepared remarks, you can go to this link https://www.sec.gov/news/speech/gensler-remarks-crypto-markets-040422?msclkid=2b638f40cfee11ec90532bccafef1168
In reviewing his comments you can tell two things
1.His is knowledgeable on how it works (he taught a crypto course at MIT)
2.That the industry needs to determine what DeFi regulations will do to their business costs both in compliance and peoplepower
Some of the big governments such as China are promoting CBDC as the new electronic version of the Yuan. There are some strong hints from the United States, that they too are considering using a CBDC as a replacement for the dollar
While the technology is exciting, it is difficult to assess what regulations will do to DeFi, the Metaverse, NFT's and Web3.
Regulating these various entities will prove challenging since their decentralization is the value add of what they do
Senior Vice President, TM Credit Risk Supervision / Wholesale Operational Risk and Compliance
Wells Fargo
Jul 2002 – Oct 2021
Senior Risk Manager responsible for the ongoing development of a proprietary Treasury Services -Transaction Risk System. The system is used by Risk Portfolio Managers to gain valuable insight as it relates to transactional risk primarily in the Treasury Services space. Auto decision trees allow Risk Portfolio Managers to spend quality time analyzing key transactions based on unique parameters.
Liaison to multiple LOB to ensure risk management compliance by assisting and educating them as to the importance and need to ensure compliance with all applicable rules, and regulations
Worked on the bank's Zelle payments process as well as incorporating Same Day ACH into our proprietary Risk application
Served as the Treasury Services Operational Risk Manager with oversight over Treasury related projects / initiatives
Began studying blockchain and its uses within the financial space
Very familiar with ALM (Application Life Cycle) as well as the Risk/Compliance needs within this space
Familiarity with Agile and many years of practicing Waterfall methodology
While in this role I was involved with completing and working on multiple RCSA/Risk Control Self-Assessments for three Payments Risk Applications
Vice President
Wells Fargo
Jul 1998 – Jul 2002 (4 yrs 1 mo)
Intranet Team manager responsible for the deployment of next generation Intranet Risk enabled product sets (ACH, Wires, Controlled Disbursements)
Developed state of the art Risk Application to capture Risk activity related to ACH, Wire and Controlled Disbursement transactions. Received Patent for the application
Application is in use today, Wells Fargo kept the application when merging with Wachovia
Prior to this role I served as a Treasury Services Product Consultant responsible for interfacing with customers, systems and operations as it relates to our Commercial Imaging Product and Controlled Disbursement Product
Vice President
Crestar Bank / Merged w/ SunTrust Bank
Aug 1997 – Jun 1998 (11 mos)
Overall responsibility for Project Management efforts as it related to Wire, ACH and EDI applications inclusive of Y2K
Responsible for new releases within the new IntraNet, Money Transfer System, Checkfree’s, PEP+ and Sterling’s EDI
Incorporated maintenance requests and provided project management oversight
Interfaced with Product Management, Operations, Senior Management and external Treasury managers as appropriate
Successfully implemented Y2K program requirements for a successful cutover of the Wire and ACH applications
Vice President
Signet Bank / Merged w/ First Union
Oct 1993 – Aug 1997 (3 yrs 11 mos)
Commercial Product Manager VP, Signet Bank
Developed Project Management methodology for image based products such as Image Archive * Enhanced internal and external customer communications and support
Conducted tests with the Technical Support staff within Signet as it related to additional Image related projects
Successfully implemented the Image Archive project
Guest speaker on image technology at local TMA meetings and various trade show functions
Developed and maintained multiple bank related commercial products (I.E.) Controlled Disbursements, ARP (Account Recon), Digital Imaging
Ensured product profitability as well as external customer satisfaction
Successfully launched the digital image product
Partnered with sales force relative to procuring sales
Participated in the "Same Day Settlement" task force, Image Export team, Positive Pay and a steering committee member for Electronic Check Presentment (ECP).
Education
University of Richmond
1970 – 1974
Licenses & certifications
Accredited ACH Professional (AAP) - NACHA
Issued Dec 2018
Certified Treasury Professional (CTP) - The Association for Treasury Professionals
Issued Jun 2018
Skills
Credit ACH Risk Management Banking Treasury Services Cash Management Product Management Credit Risk Mergers & Acquisitions Financial Risk
Familiar with Crypto processing and various protocols
Honors & awards
Wachovia - Risk Application Patent - US Patent & Trademark Office Museum - 2004
Worked with two other individuals within the company to patent our state of the art Payment Risk Alert application.
Treasury Management Performance Award Member - First Union National Bank - 1999
Award given to individuals within Treasury Management based on outstanding yearly performance