Vice President Controls OfficerBANK OF AMERICA MERRILL LYNCH － New York, New York
Supported the supervision, control and governance structure of ~320 associates across the Prime Brokerage business unit.
Identified and remediated compliance and regulatory gaps within the line of business; Conducted 120+ delegated supervisory reviews for 31 Supervisors within Prime Brokerage business unit; Worked with Compliance, Legal, Technology and other support partners to ensure supervisory processes are considered in the overall business infrastructure and ensure adequate supervisory tools exist or are developed to meet key supervisory requirements; Assisted line of business Compliance and Legal, as appropriate, to update policies and written supervisory procedures to reflect changes in regulatory rules; Monitored, reviewed and approved associate system access and entitlements across various banking platforms; Monitored and approved compliance of associate trading, outside business activity, external communications with the public, mandated time out of the office, gifts, client entertainment, firm training and regulatory continuing education completion; Worked with Registration to ensure all associates are registered with the appropriate securities licenses in order to effectively perform their job responsibilities; Liaise with regulators, internal auditors and compliance during inquires and/or reviews of the business.
09/2007 to 06/2008
ConsultantBANC OF AMERICA SECURITIES, LLC － New York, New York
Electronic Trading Service (ETS) middle office support for program trading.
Daily position and P&L reconciliation of two ETS average price accounts; Communicated and resolved daily trade issues with various inter-departmental areas, while working with the client and the prime broker/custodian to ensure trade settlement; Assisted ETS Sales staff in the on-boarding of new buy-side and sell-side clients while working with Sales Supervision to ensure compliance with firm required documentation; Corresponded with clients in the opening and maintaining of settlement accounts; Prepared and updated departmental procedures involving, processing trade allocations/corrections, client on-boarding process, and opening new client accounts, to name a few, to ensure firm regulatory compliance.
08/2006 to 11/2006
Secondary Marketing Analyst III / TraderFIRST FINANCIAL EQUITIES, INC － Teaneck, New Jersey
Traded whole and single loans to various investors through Cash commitments and Assignment of Trades.
Managed and allocated closed loans to trades and assigned them to investors using Best Execution analysis to maximize profits; Coordinate internal communication of trade details from loan allocation to substitution and price/volume; Maintained investor relationships to expand the product offering, execution options, and delivery methods which included evaluating Assignment of Trade / Direct Trade proposals to identify tolerance levels, minimum trade requirements, Pair-off and roll fees, as well as other Premiums offered by new investors; Monitored long/short position in conjunction with hedging company to mitigate interest rate risk.
11/2000 to 07/2006
Operations ManagerUNION STATE BANK － Orangeburg, New York
Departmental supervision, management and training of nine employees in the areas of loan opening, processing, underwriting, closing and funding, ensuring work productivity as well as state and federal compliance of all loan files for sale to secondary market.
Evaluation of Conventional, SONYMA and Home Equity mortgage loans for eligibility requirements and potential bank credit risks; Prepared weekly and monthly reports of pipeline activity, departmental general ledger account reconciliation and annual budget reports, mortgage and real estate market trend analyses and product comparisons among territory competitors for senior management; Established and monitored loan pricing matrix of products with various broker relationships to increase diversity of mortgage products for clients; Organized and facilitated in-house training courses for new mortgage sales representatives in loan qualifications, credit and income evaluations, product knowledge and current mortgage regulations, sales and program guidelines; Preparation and updating of all departmental policies and procedures based on bank and industry standards.
Masters of Business Administration: FinanceIONA COLLEGE － New Rochelle, NYFinance
Bachelor of Business Administration: FinanceIONA COLLEGE － New Rochelle, NYGPA: Summa Cum LaudeFinance Summa Cum Laude