e Investment Operations / IT Executive and Advisory Consultant

Michael W. Seidman

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

Needham, MA *2494

Mobile: 617-***-****

Home: 781-***-****

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

Core Competence

Investment Operations / IT Executive and Advisory Consultant

Description: Identifies, plans and executes strategic projects, outsourcing assessments, application development, process / application implementation, maintenance and enhancement projects within a business unit and across organizations. Collaborates with executive management, department managers, colleagues, vendors, and consultants to improve business processes and support strategies.

Skills and Knowledge: Ability to build and lead multi-disciplined teams in applying new technologies, skills, and approaches to business needs. Understanding of business processes, strong analytical and conceptual skills, solid project management experience, and interpersonal skills necessary for relationship management. Possesses more than 18 years of experience in the financial services industry.

Work Experience

Citisoft, Inc., 2005 -- 2009 (Boston)

Senior Consultant in the Financial Services and Technology Integration Services practices.

* Manage client relationships and engagements

* Develop business opportunities

* Conduct operational and technological strategic assessments, platform design, implementation and project management for asset managers, capital markets, service providers and vendors

* Develops internal knowledge capital in terms of methodology and sales materials

Clients Include:

*

* American Express (Minneapolis)

* American Insurance Group (Greenwich, CT)

* Bank of America

* Bryn Mawr Capital Management (Berwyn, PA)

* CIBC Oppenheimer (New York)

* Deutsche Bank (New York)

* HSBC (New York)

* Lehman Brothers (New York)

* Janus (Denver)

* Massachusetts Financial Services (Boston)

* Merrill Lynch (New York)

* MoneyLine (New York)

* Morgan Stanley (New York)

* Netik (New York)

* Omgeo (Boston)

* OpHedge (Rye Brook, NY)

* SunTrust Bank (Atlanta)

* Thomson Financial (Boston and New York)

* Toronto Dominion Bank (Toronto)

* Wellington Management Company (Boston)

Engagements Include:

Created a strategic roadmap for the Information Technology Department of a global asset manager.

* Engaged the various lines of business to define their individual logical business models that mapped their service offerings to the underlying technologies used. Defined with each line of business 5 year goals for products sold and respective volumes.

* Identified strengths and weaknesses where identified and prioritized. In-flight projects were taken into account.

* Defined the strategic technology roadmap enabling the plan for future investment in technology.

Led a strategic outsourcing selection and implementation for a global bank’s middle and back-office functions.

* Identified short list of service providers and facilitated executive management selection process

* Defined outsourced functions, key performance indicators and service level agreement

* Managed team comprised of bank employees, consultants and vendor implementing the outsourced solution

Performed a comprehensive four-month review of business and technical operations for a provider of traditional and hedge fund administrative services, transaction processing, fund accounting and reporting.

* Assembled a project team with representatives from across the organization that included functional business, technical system architecture, application expertise, and industry subject matter experts.

* The goal of this strategic assessment was to provide a detailed assessment of the people, process and technology used to support the service provider’s current and future business strategy enabling attainment of its strategic vision to be one of the premier fund administration services providers in the industry.

Managed the implementation of SimCorp’s Dimension Portfolio Accounting Solution for a large institutional and mutual fund firm.

* This implementation consolidated the processing of institutional accounts and retail mutual fund accounts onto a single platform.

* Throughout the requirements, design, development and implementation, the project focus was on automation of old processes and enabling exception processing.

Managed the implementation of Netik InterView Data Hub for a global asset manager that in its infancy was creating a platform to manage a large hedge funds of funds business.

* Netik InterView was implemented to provide oversight, control and reconciliation of trading advisor, prime broker and fund administrator activity.

* With credit to the project team made up of 4 parties, the asset manager, Investor’s Bank & Trust, Netik and Citisoft, Netik InterView was supporting a live business launch in just six weeks of the project’s kick-off with reconciliation, activity reporting and an extract to the risk reporting system.

* Supported knowledge transfer throughout the project enabling the asset manager, at the effort’s conclusion, to develop custom enhancements and add additional interface adapters utilizing in-house development resources.

Developed and implemented “Patriot Act/Anti-Money Laundering” requirements for a large brokerage firm using Mantas’ Anti-Money Laundering software for surveillance.

* Developed the requirements for “Know Your Customer,” “Surveillance”, and “Case Management.”

* Coordinated workshops with retail branches to determine how to best implement requirements.

* Developed implementation plans for AML Requirements.

* Designed and built a proprietary anti-Money laundering case management.

Responsible for 50 member team at a software/service company for a project that developed and rolled out a new "ASP" modeled business, which focused on trade matching between counterparts.

* Operated the project management office for the business analysis through rollout.

* Coordinated staffing requirements, issue resolution, and project communications.

* Managed business analyst group as an interim manager.

Managed the full-system-development life cycle of a Hedge Fund Investor Tracking System for a large asset manager.

* Managed a 10 member development and implementation team and 6 members of the client's IS support group.

* Developed and managed the project to budgeted time and costs.

* Coordinated the system implementation.

* Managed data conversion and reconciliation activities.

* Managed the training and transition of maintenance to client's internal IS department

Managed the implementation of Advent’s portfolio (Axys) and partnership (Partner) accounting systems for a $1 billion hedge fund company.

* Managed a 5 member implementation team and vendor relationships

* Developed and managed the implementation plan.

* Facilitated working sessions that developed procedures and controls for the setup and use of the new system.

* Managed data conversion and reconciliation activities.

* Addressed the roles and responsibilities of the Operations staff.

Facilitated the architectural redesign of an institutional investor's operations infrastructure to accommodate Advent's Geneva portfolio accounting system and other custom built initiatives.

* Developed, managed, and executed the initial implementation of the architecture

* Created a client employed team to receive project ownership, management, and execution

Managed the implementation of SS&C's Antares (trading system), Total Return (portfolio and partnership accounting system), and Total Reconciliation for $1 billion hedge fund company.

* Managed a 5 member implementation team and vendor relationships

* Developed and managed the implementation plan.

* Facilitated working sessions that developed procedures and controls for the setup and use of the new system.

* Managed data conversion and reconciliation activities.

* Addressed the roles and responsibilities of the Operations staff.

* Managed the vendor relationship.

Mellon Bank, Private Wealth Management, 2004 -- 2005 (Boston)

Program Manager in the Technology Delivery Department

* Managed several interdependent projects with annual budgets of more than $5 million.

* Initiated the Project Management Office (PMO) for implementing Eagle’s PACE Data Hub and its constituent systems, which included moving to a centralized security maintenance system and rewriting client statements.

BearingPoint, Inc. (formerly KPMG Consulting and Andersen Business Consulting), 1997 -- 2004 (Boston)

Manager in the Financial Services and Technology Integration Services practices.

* Developed straight through processing (STP) analytic methodology and tools for business to evaluate and migrate business processes where data is re-keyed more than once to processes where data is entered once.

* Authored proposals new clients, which consistently led to meeting our annual sales goals of more than $1 million.

* Developed and managed software-vendor alliances for joint marketing and sales.

* Taught project management training classes.

American Management Systems, 1995 -- 1997. Management Systems and Technology group, (Fairfax, Virginia).

Managed full-system development life cycle of a web-based financial statement reporting tool. The tool, written in VB, JAVA, and HTML, queried a DB2 mainframe data warehouse to produce a range of financial statements for banks in receivership. The systems functionality required complex aggregation and drill down capabilities.

* Facilitated requirements working sessions.

* Designed the reporting application.

* Reviewed the coding and testing of the application and reports.

Led a team through the analysis, design, development, and implementation of a customized management system that supported AMS's Federal Financial System (FFS) software at the Farm Service Agency (FSA). This was unique because FFS replaced three existing complex financial systems with agency specific processing.

* Conducted working sessions identifying requirements for specific reports.

* Analyzed, designs and documented report designs.

* Oversaw the coding and testing of the reporting tools.

* Managed the Report Management System configuration.

Analyzed the FSA's requirements for a replacement accounting system.

* Conducted working sessions with FSA’s CORE team members to learn FSA’s operational environment, including policies and procedures.

* Identified and documented FSA’s requirements to meet FSA’s needs.

* Analyzed and documented FSA’s systems and procedures to determine how FSA’s accounting and processing requirements could be satisfied by existing functionality in AMS's FFS software.

Contributed to the proposal process by performing all estimates for the level of effort, costs, and timeline required to complete the implementation of FFS.

Bank of Tokyo Financial Corporation, 1995.

Recommended, as a graduate co-op student, software tools and developed a management model to reinforce management's quality and security goals in the applications development environment. Project management software and network security tools were used to increase the department's systems integrity.

Lotus Development Corporation, 1994.

As a Quality Assurance Engineer performed testing for the Lotus desktop applications as well as maintained a testing lab.

Investors Bank & Trust Company—Eaton Vance Corporation, 1990 -- 1993.

As a Fund Administrator, participated in the development, implementation, documentation and training of multicurrency software applications. Managed fund accounting, custodial and settlement services for a London base group of funds requiring frequent international communication with foreign companies, brokers, and clients.

Technical Knowledge

Financial Services Applications: Eagle PACE, Netik, Portia, Advent Axys, Partner & Geneva, SS&C Antares & Total Return, Simcorp Dimension, numerous proprietary platforms

Desktop Tools: MSWord, MSExcel, MSAccess, MSPowerpoint, MSProject, MSVisio, Lotus Notes, Lotus 1-2-3

Databases: MSAccess, Paradox, Sybase, MSSQL Server, DB2, Oracle

Development Languages and Environments: C, C++, Visual Basic, HTML, COBOL, SQL, SAS, Ingres, Powerbuilder, Lotus Notes

Tools: Mercury, Rational, FOCUS, Visual Source Safe, Clearcase

Education

M.S., Management Information Systems, Boston University, 1995

M.B.A., Management Information Systems, Boston University, 1995

B.A., Economics, Syracuse University, 1987

Accomplishments

Eagle Scout

Private Pilot - Instrument Rated

Bicycled from the Middle East to the Arctic Circle and South to Morocco accumulating 10,700 miles in 1988

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