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Director, Cash And Asset Operations Resume Example

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DIRECTOR, CASH AND ASSET OPERATIONS
EXECUTIVE SUMMARY

Accomplished Senior Manager and Department Head of Operations/Middle Office with strong knowledge in operational processes, system & client implementations, risk management, and technology builds. Management of large global teams covering various financial operations functions with an outstanding track record of customer focus and large project delivery. Effective capacity and budget management in balance with technology automation to drive process improvement, project and change management, and cost reduction across operational functions.

SKILLS
  • Financial operations
  • Risk assessment and control
  • Project management and systems implementation
  • Process analysis and improvement
  • Efficiency creation
  • Expert in BlackRock Aladdin
  • Critical and creative thinking
  • Interpersonal skills
  • Employee coaching and talent development
  • Team building
EXPERIENCE
Director, Cash And Asset Operations, 01/2016 to Current
Company Name – City, State
  • Global Head of Oversight & Control and Technology initiatives for Cash and Asset Operations
  • Currently overseeing long term initiative to insource Securities Lending processes and redesign operational workflows and controls
  • Accountable for daily production of various global cash and asset reconciliation processes, controls, KRIs, and KPIs
  • Create department strategy and manage a global team of 35 FTE and of 60 FTE for 3rd-party vendors across four locations
  • Work across Investment Operations senior leadership team and partner with Aladdin Product Group to create one, three, and five year roadmaps as they relate to additive work take-on, FTE resourcing, and operational efficiency creation through technology builds
  • Align the Global Cash and Asset Operations department by creating a consistent target operating model that is executed across all operational locations (US, UK, India, and Japan)
  • Administer department wide change initiatives, system projects, and client and process implementations
  • Lead various root cause assessments and automation initiatives across departments to reduce exception processing and manual touchpoints
  • Formulate and implement efficient procedures to reduce redundancy and limit operational risk
  • Functional lead for Operational Due Diligence and Aladdin client business for all potential and existing investors
  • Operations lead for Aladdin implementations for BlackRock Solutions clients
  • Provide ongoing training to Aladdin clients on various applications and consult in implementing best-practice procedures and workflows
  • Perform service reviews for maintaining strategic banking and counterparty relationships and conduct meetings with banking partners periodically to discuss service levels, technological changes, counterparty risk, etc.
  • Oversee Business Continuity Plan/Disaster Recovery documentation and maintenance
  • Coordinate the hiring and training of operational staff and develop efficient internal systems and procedures to ensure separation of duties to optimize growth while limiting operational risk
  • Review departmental employee talent and growth potential, provide coaching and mentoring, assess areas for development
  • Created a forum across the Delaware campus for Analysts to connect, increase knowledge and skills, share experiences, and build their network. Later launched in three other US locations (New York, San Francisco, and Seattle), Gurgaon, and Tokyo.
Vice President, Asset Reconciliation, 01/2011 to 01/2016
Company Name – City, State
  • Managed global team of 25 FTE and 3rd-party vendors of 30 FTE across three locations
  • Partnered with EMEA counterpart to build out initial and ongoing asset reconciliation processes and control environment
  • Oversaw daily and monthly reconciliation processes, controls, and exception management for 2 million positions across 18,000 portfolios
  • Managed custody reconciliations for US and APAC regions, and Derivative, Collateral, and Bank Loan reconciliations globally
  • Led various risk reduction and efficiency- and capacity-building initiatives, including automation and standardization efforts, working closely with BlackRock's technology group
  • Created KRI and KPI metrics that identify areas of operational risk to management
  • Used metrics to forecast trends and grade efficiency within the various operational groups
  • Served as implementation lead for external Aladdin clients for cash and asset reconciliation functions
  • Coordinated portfolio change requests of Aladdin clients as it relates to new portfolios, modifications, and terminations
  • Managed relationships with various custodian banks for operational processes
  • Launched Operational "Study Tour" training program in six BlackRock locations globally
Associate, Custody Operations, 10/2005 to 01/2011
Company Name – City, State
  • Responsible for advising portfolio management on available cash  for investment as well procedures for clearing and settling transactions involving a wide range of securities
  • Partnered with internal teams and external providers to resolve exceptions
  • Liaised with custodian banks and trading brokers to facilitate the resolution of failing trades, swaps, and derivatives, working with brokers and custodians
  • Initiated and monitored settlement of overdraft and TMPG claims
  • Developed subject matter expertise around key control checks and reporting, specifically involving cash and asset reconciliation and trade settlement
Analyst, Portfolio Accounting, 11/2001 to 10/2005
Company Name – City, State
  • Performed daily cash and position reconciliation functions
  • Calculated and verify monthly fund performance in comparison to benchmarks
  • Served as team lead for oversight of processes for Fixed Income portfolios managed by Tattersall Advisory Group
  • Partnered with relationship managers for migration of new funds onto reconciliation platform
  • Implemented Client Inquiry Management system
EDUCATION
Bachelor of Science: FinanceSaint Joseph's University - City, State
OPERATING SYSTEMS AND APPLICATIONS
  • BlackRock Aladdin, SWIFT network/messaging, Wall Street Office, Bloomberg, DTCC, FTP connectivity, various custodian bank applications (BNYMellon Inform, My State Street, JP Morgan Access, etc.), and Microsoft Office.
VOLUNTEERING
  • Coach youth boys teams - FC Montco soccer and Audubon basketball
  • Treasurer for Cub Scouts Pack 608
  • Habitat for Humanity
  • Delaware Valley Children's Charity Holiday Program
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Resume Overview

School Attended

  • Saint Joseph's University

Job Titles Held:

  • Director, Cash And Asset Operations
  • Vice President, Asset Reconciliation
  • Associate, Custody Operations
  • Analyst, Portfolio Accounting

Degrees

  • Bachelor of Science : Finance

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