SW-Financial Services Executive

Career Summary/Key Skills: Accomplished executive with proven ability to develop and implement projects and strategies that support business and financial objectives using the following skills and knowledge of the capital markets: Treasury, funding, liquidity, asset and liability management, fx, debt issuance, hedging, derivatives, transfer pricing, Reg W compliance, equities, business development, process re-engineering, cost control, strategic initiatives, resource optimization, problem solving, independent thinking, leadership, teamwork, multitasking and communication skills.

Fortis Bank SA/NV, New York, NY

2/07 to Director-Group Treasury (GT)

Present

• Responsible for creating a Liquidity Management function. Develop various reports/MIS for management: e.g. Sources and Uses of Funds, Secured/Unsecured Funding Analysis, Survival Horizon, Asset/Liability Maturity Gap Analysis, Monthly Liquidity Risk Reporting Package, etc.

• Responsible for the development and implementation of multiple Federal Reserve Bank of NY pledge programs: Borrower in Custody (BIC) Loan Program, Triparty pledge account at Clearstream to pledge non-USD securities. This allowed Fortis to optimize pledged collateral and participate in additional Fed Term Auction Facilities.

• Present key messages on liquidity risk to the Senior Management Committee at the monthly Risk meetings.

• Communicate Fortis’ liquidity processes to the Federal Reserve Bank of NY. Acquaint them with policies and reports. Liaise with the Fed during the current liquidity crisis.

• GT representative on the New Products Acceptance Committee-ensure that all issues related to funding and liquidity are represented and resolved prior to the implementation of new products.

• Develop a Contingency Funding Plan, General Liquidity Policy and Transfer Pricing Policy for the U.S.

• Participate in all aspects of issuance, settlement, documentation, booking for the inaugural Extendible Note issuance.

• Ad-hoc projects/report requests: e.g.: analysis to become a Fed clearing member, detailed Scaldis (ABCP program) review and explanation for the Fed, work with Credit to review/approve internal credit lines for subsidiaries, in-depth analysis of natural gas prepay transaction.

Canadian Imperial Bank of Commerce, New York, NY

4/05 to Executive Director-Business Manager-Treasury

2/07

• Remove issues from the traders that prevent them from focusing on their jobs. These issues include, but are not limited to: Financial management, project management, operational issues, corporate governance, compliance coordinator, facilitating new initiatives, process re-engineering, training coordinator, etc.

• Identify, define and implement action plans to improve efficiency and effectiveness within US Treasury, e.g. Broker Dealer Treasury Interest Allocation project, Using the Cayman Branch to fund the US Broker Dealer.

• To manage and reduce direct operating expenses by analyzing processes and data to increase transparency and efficiency. Attempt to understand and explain allocated expenses to senior management. Manage the regional annual budgeting and quarterly forecasting process. Control and minimize operational risk capital charges.

• Liaison to the Regulators. Meet regularly with the Fed and NY State Banking Division, and other regulators. Develop processes and procedures to facilitate the implementation of their recommendations.

• Liaise with Legal, Compliance, Tax, Credit, Finance, Audit, Risk Management and other areas of the firm in order to

facilitate business initiatives, as necessary.

• Define MIS requirements for enhancements to existing systems and work with Technology to ensure that they are implemented effectively.

• Make presentations to senior management, as necessary.

• Coordinator for Business Continuity Planning.

• Represent Treasury on the Finance and Control Committee-a forum for senior corporate governance and infrastructure officers to identify and address control and structural issues, e.g. financial, compliance, reputation and legal risks, etc

UBS Investment Bank, Stamford, CT

10/97 to Director-Business Manager-Equities Division: 7/02-4/05

4/05

• Responsible for streamlining costs and making the department more efficient. Saved over $20MM in 2003 and 2004 from various strategic cost cutting initiatives which I identified, e.g. optimal ECN order routing for OTC Market Making Desk, etc.

• Created several strategic tools and analyses: e.g. created a tool for the Electronic Execution Sales force to price new business to future clients; client profitability analysis, Idea Factory, etc.

• Develop various reporting, presentations and analytics used by senior management in making decisions.

• Proposed several enhancements and developed the logic to existing systems which resulted in more efficient cost allocations within the business.

• Liaise with Legal, Compliance, Tax, Credit and other areas of the firm in order to facilitate business initiatives, as necessary.

• Point of contact with various vendors. Involved in renegotiations of contracts in order to get more favorable fee schedules.

• Responsible for revamping the entire accounts payable process to make it controlled and efficient. Designed a monthly reporting package to reflect this.

Director-Section 20 Treasurer-Finance: 10/97-7/02

• Coordinate the funding for the Section 20 and all other subsidiaries on a daily basis. Determine inter and intra-day volatility and adjust cash needs accordingly, netting where possible. Provide timely and accurate cash forecasts to the Money Market desk to assist them with externally funding the firm in a more efficient manner.

• Provide advice and support to traders and other subsidiaries regarding funding/cash management/liquidity issues in order to fund more efficiently, minimize interest expense and advise how to fund structured deals. Encourage traders to match fund positions in order to minimize liquidity risk for the firm.

• Assist in the development of transfer pricing policies for the Firm. Responsible for the daily cost of carry calculation for the Section 20. Ensure that interest expense is allocated properly back to the business. Assist in the research of unallocated interest.

• Funding representative with regard to the New Business Task Force. Attend all reviews of new business initiatives and advise to funding availability in the region in order to maintain compliance with various rules and regulations.

• Work with the businesses to develop formal credit proposals that reflect the need for increased funding of existing lines, and/or credit lines for new businesses.

• Monitor the Legal Lending Limit and internal funding/credit limits on a daily basis for the Section 20 and other subsidiaries to ensure the region has funding availability and that compliance with Fed regulations is maintained.

• Created various reports/databases which previously did not exist, and are distributed on a regular basis to assist management in their decision making processes, i.e. Sources and Uses of Funds by Legal Entity, Sources and Uses of Funds by Business Unit, Daily Subsidiary Funding Projection, Lending Limit Reports, Rates Analysis, Loan Maturities Report, Equities Funding Analysis, etc.

• Work on various ad hoc projects and presentations upon request, i.e. liquidity premiums, FX exposure in the broker/dealer, etc.

Lehman Brothers Treasury, New York, NY

7/96 to Assistant Vice President-Asset and Liability Management Group

10/97

• Responsible for the daily Global Cost of Money calculation and monthly analysis. This information was used to gauge whether the Global Indexed Rate (global USD transfer price) should be adjusted.

• Responsible for the preparation of the quarterly Global Funding and Liquidity Management Report. Provides an overview of the quarter’s funding activity and the impact debt issuance has had on the Firm’s liquidity profile and capital management objectives.

• Prepared the data and accompanying graphics for presentations to senior management of the Firm.

• Coordinated the issuance and settlement of structured private placement deals, medium term notes and master notes. Formalized procedures surrounding the issuance and settlement of private placements.

Merrill Lynch & Co. Treasury, New York, NY

7/92 to ML&Co. Funding Desk: 5/94-7/96

7/96

• Executed foreign exchange purchases, sales and swaps in all currencies in order to provide subsidiaries with short term, cost effective non-dollar funding and to hedge capital in foreign subsidiaries.

• Structured, coordinated, executed and settled cross currency and interest rate swaps to provide subsidiaries with long term cost effective non-dollar funding and hedge long term fixed rate liabilities, in conjunction with the Long Term Funding/Capital Markets Group.

• Coordinated the issuance, settlement and bookkeeping of ML&Co. liabilities through various funding programs: -Euro CP program, Euro MTN program, Domestic MTN program, Domestic CP program.

• Coordinated the funding and pricing of ML&Co.'s non-dollar intercompany loans and maintained the non-dollar intercompany loan portfolio on Treasury’s database.

• Managed the daily issuance of the Merrill Lynch (International) Australia Commercial Paper Program. Executed FX swaps in order to provide Australian Dollars to MLIA based on their funding needs. Coordinated CP issuance in U.S. time zone in order to pay for the FX transactions.

• Designed specifications of product modules for the Global Funding System.

• Performed various forecasts and analyses of Treasury’s assets, liabilities, derivatives, etc., for use by Management to make funding decisions. i.e. Contingency Funding Plan, interest rate sensitivity, etc.

• Backed up the U.S. Dollar Funding Traders.

• Promoted from the Debt Administration Group

Debt Administration Group : 7/92-5/94

• Maintained the Firm's domestic Medium Term Note program, Euro MTN program, interest rate and currency swaps, enabling the firm to meet its principal and interest obligations. Includes various structured deals.

• Maintained the Treasury Information System Database to ensure accurate reporting of Company liabilities.

• Provided Treasury Management, Rating Agencies and external reporting areas with timely and accurate reporting related to the funding activities of ML&Co. Treasury.

• Coordinated all budgeting and forecasting within Treasury. Designed and implemented procedures to streamline the budget process and monthly budget variance reporting.

Trafalgar House Real Estate, New York, NY

9/91 to Financial Controller's Group

7/92

• Performed cash management functions in order to fund several different bank accounts.

• Assisted in the preparation of financial statements.

• Assisted in the design and implementation of the Skyline Property Management System.

Chase Manhattan Bank, New York, NY

7/89 to Internal Audit-Chase ACE Rotational Training Program

9/91

• Rotated through three different Audit groups-Treasury and Capital Markets, Corporate and Personal Trust and Financial Controller. Performed both operational and financial audits.

Education:

Member of the first class selected to go through the NYU/Lehman Brothers Corporate Finance Program. Successfully completed the program.

Master of Business Administration, 12/92-Fordham University, New York, N.Y.

Major: Finance; GPA 3.6

Bachelor of Science, 5/89-State University of New York at Albany, Albany, N.Y.

Majors: Finance and Management Information Systems, GPA 3.4

Minor: Economics

Skills: MS Office; Excel; Word; Powerpoint; Bloomberg

Contact this candidate