Uploaded File
add photo
Frank
frankrc@optonline.net
845-269-1499
552 Ridge Road
Westtown, NY 10998
Vice President, PMO – Project Lead / CCAR Production
18 years experience W2
0
Recommendations
Average rating
38
Profile views
Summary

Experienced Capital Markets professional with experience in fund accounting, operations, trade processing and clearing, trading, business analysis, project management, systems design and development, systems upgrades and conversions, process analysis and optimization and training.

Specialties

Fund accounting, audit, financial reporting, investor relations, client relations, trade capture and processing, prime brokerage, custody operations and clearing, project management, business and process analysis, process optimization, system conversions, upgrades, design and implementation as well as extensive product knowledge.

Skills

Microsoft Word, Excel, PowerPoint, Project, Visio, Axiom, Clarity, Advent Geneva, Advent Partner, SS&C Total Return, Bloomberg, Wall Street Office, SunGard VPM, SunGard Investran, Summit FT, and SunGard InvestOne.

Experience
Vice President, PMO – Project Lead
Banking/Financial
Aug 2015 - Jun 2019
New York, NY

*his last working day was in June 2019. They gave him a package that had some restrictions - no working for competing banks till Dec 2019.

Vice President, PMO – Project Lead

  • Overall project lead/PMO for several large internal initiatives including migration of regulatory reporting from spreadsheets to system generated, the opening and onboarding of new Latin American banking entities, firm-wide stress testing and risk management.
  • Responsible for setting up and managing the PMO for several large internal initiatives.
  • Established and maintained PPM tools, milestones, timelines, and managed interdependencies, risks, assumptions, and issues.
  • Lead an international delivery team focused on project management, business analysis, risk assessment, process optimization, TOM development, and BAU support.
  • Responsible for stakeholder communications, updates, and status reporting to senior management on a weekly and ad hoc basis.
  • Manage project budgets and responsible for staff allocation, hiring, and oversight of external consultants.
  • Responsible for overall quality control and delivery of projects and prioritization of deliverables.

CCAR IHC Governance – Strategy and Production

  • Overall CCAR IHC lead responsible for the scope, design, development, and management of the CCAR production process for the IHC, inclusive of developing and managing the production run for the investment bank and two commercial banks, at both the business line and IHC level. This effort includes tracking of, and assistance in developing, the CCAR governance framework and independent review and challenge process for the legal entities and the IHC.
  • Managed and oversaw the CCAR audit, both internal and external regulators.
  • Established the PMO for the IHC for CCAR program oversights and management of interdependencies, risks, timelines, and compliance with best practices.
  • Responsible for enterprise-wide IHC CCAR infrastructure management, design, and oversight, including risk identification, scenario development, loss projections, PPNR, LOB review and challenge, RWA projections, tax projections, development of the MUB, balance sheet consolidation, LCR, implementation of the governance framework, model development and validation and 14Q and 14A reporting.
  • Developed the risk and control matrix for the IHC and CCAR regulatory reporting.
  • Oversaw the successful public and non-public CCAR filings for the commercial bank and IHC.
  • Oversaw the design and delivery of four (4) successful CCAR dry runs to the US IHC StreerCo.
  • Responsible for process improvements and documentation, lessons learned, and tracking of projects and action items related to CCAR IHC readiness, internal inspection findings, and FRB audit findings.
  • Responsible for defining scope, quality of CCAR deliverables, and coordination between business lines involved in the CCAR IHC process.
  • Responsible for business line relationships and management, coordination of project efforts with the CCAR IHC production team, status reporting, and communication with senior management.
  • Responsible for overall team budget, project budgets at the IHC level, and management of timelines.
  • Responsible for staffing, hiring and evaluating team members.
Auditing Project Management Business Analysis AML CCAR Regulatory Reporting Risk Management Risk Assessment Compliance Banking
Remove Skill
Director, Group Analytics Stress and Capital Reporting – CCAR
Banking/Financial
Nov 2014 - Jun 2015
  • Lead an international team of nine (9) focused on delivering all necessary components of CCAR (Comprehensive Capital Analysis and Review) including aggregation and reporting of CCAR financials, nine (9) quarter projections, instantaneous shocks, global market shocks, system and database design and build, development of target operating models across multiple functions, data sourcing and data gap analysis, controls and reconciliations, and operational readiness.
  • Design, implement and oversee the development of the project plan, strategy documents, resource plans and testing documents for the CCAR initiative.
  • Design, implement and oversee the development off business requirements (BRD’s) and functional requirements (FRD’s) for delivery of CCAR.
  • Responsible for stakeholder relationships and management, coordination of project efforts with Group ASC reporting, status reporting and communication with senior management.
  • Responsible for overall team project budget and management of timelines.
  • Responsible for staffing, hiring and evaluating team members.
CCAR Regulatory Reporting Reconciliation Project Management
Remove Skill
Director - Project Manager – Finance
Banking/Financial
Mar 2012 - Oct 2014
New York, NY
  • Lead the delivery effort for internal projects focused on derivatives and commodities valuations, regulatory reporting (FRY 9C), CCAR (Comprehensive Capital Analysis and Review), risk reporting (ICAAP), head office reporting, IFRS reporting, system integrations, and conversions and the ongoing effort to convert to a global sub-ledger.
  • Design, implement and oversee the development of the project plan, strategy documents, resource plans and testing documents for the remediation and development of regulatory, financial reporting, IFRS, ICAAP and CCAR initiatives.
  • Responsible for overall project budget and management of timelines.
  • Responsible for implementing Axiom.
  • Perform necessary financial, business process and system analysis across multiple departments and geographic regions including current state analysis on ~400 systems utilized by the bank globally.
  • Author project BRD’s, FSD’s and test scripts and oversee IT and UAT testing.
  • Act as a subject matter expert across departments and geographic regions in the investment banking space for derivative product knowledge, regulatory financial reporting, internal P&L reporting, and process optimization.
CCAR Banking UAT Regulatory Reporting ICAAP Project Management Axiom
Remove Skill
Manager – Capital Markets
Professional/Consulting Services
Mar 2011 - Feb 2012
New York, NY
  • Lead a delivery team focused on project management, business analysis, process optimization, strategy development and subject matter expertise in the capital markets, mutual fund, hedge fund, and broker-dealer space.
  • Responsible for overall quality control and change management for firm deliverables.
  • Oversee client relationships and take an overall lead of the design, delivery, and implementation of project plans in fund accounting, operations, investor relations, investor communications, process optimization, and systems upgrades and conversions.
  • Work directly with the firm’s clients in defining and documenting business and resource requirements and workflows in the fund accounting, P&L reporting and securities processing divisions of mutual funds, hedge funds, and banks.
  • Developed and implemented an end to end accounting and operations system conversion and upgrade strategy, estimation model, and project plan for one of the world’s largest mutual funds.
  • Acted as subject matter expert in the capital markets space for fund accounting, fund operations, complex securities operations, trade processing, and trade settlement for one of the world’s largest mutual funds families and a multi-asset class 8 billion dollar hedge fund.
  • Designed, implemented and oversaw the project plan, strategy document, resource plan and estimation model for the remediation and development of fund accounting, operations, P&L reporting, and trade processing policies and procedures for a large mutual fund, multi-asset class hedge fund, and offshore multinational bank.
  • Developed and designed a training curriculum and delivery plan for fund accountants, fund reporting, and operations associates for the retail division of one of the world’s largest mutual fund families.
Capital Markets Project Management Regulatory Reporting
Remove Skill
Analyst/Project Manager/Controller
Banking/Financial
Aug 2010 - Jan 2011
New York, NY
  • Oversee the design, development, and implementation of the funds accounting, tax, operations, risk and performance reporting platform for a 13 billion dollar group of funds.
  • Assist in the production of the daily and monthly P&L, fund NAV and investor allocations.
  • Assist in the management of the funds' cash collateral and margin requirements.
  • Coordinate, manage and assist in the preparation and completion of the funds' year-end audit.
  • Analyze and design the funds risk assessment platform for the funds trading desk.
  • Responsible for the design, development, and implementation of the valuation model for the funds distressed debt, OTC, FX, revolvers, RMBS and distressed loan holdings.
  • Oversee the design, development, and implementation of the funds year-end financial statements.
  • Develop and implement the funds trial balance and P&L reporting structure.
  • Develop and implement the funds' operational trade blotter and trade confirmation process.
  • Oversee the design, development, and implementation of the funds collateral and margin reporting platform.
  • Work directly with portfolio managers and the funds' partners in defining and documenting business requirements, workflows and system implementation.
  • Responsible for coordinating reporting and product rollouts and upgrades for the funds accounting system.
  • Provide on-site production support and training to accounting, tax and operations professionals.
Risk Assessment Auditing Project Management Collateral Analysis Regulatory Reporting
Remove Skill
Manager of Accounting and Operations
Banking/Financial
Jun 2009 - Mar 2010
  • Responsible for the production of daily NAV and weekly P&L for the Bayside Funds, AUM 1 billion dollars.
  • Responsible for the quarterly pricing and valuation process for the funds distressed debt, OTC, FX, revolvers, RMBS, and distressed loan holdings.
  • Responsible for the daily cash and position reconciliations across 12 twelve domestic and offshore trading accounts and multiple internal accounting and trading systems.
  • Oversee and manage the booking and accounting for the funds structured finance, OTC, distressed debt, revolvers, and distressed loan trading activity.
  • Oversee and manage the funds prime brokerage relationship and relationship with the funds outside the accounting firm.
  • Developed and implemented the funds trade capture and trade confirmation process, cash and position reconciliation process, and business controls.
  • Reviewed and approved the funds treasury activity.
  • Coordinate, manage and assist in the preparation and completion of the funds year-end audit.
  • Responsible for selecting, implementing and providing training for new daily automated cash and position reconciliations with outside vendors.
  • Responsible for daily and weekly reporting of positions and trade activity to senior management.
  • Responsible for ad hoc reporting of accounting, trade activity, cash balance, and positions to senior management and the funds traders.
  • Responsible for the accurate reporting, accounting and processing of agent notices, reorganizations, defaults, and cash flow related to investment holdings.
No skills were added
Remove Skill
Controller/Business Analyst
Banking/Financial
Jun 2008 - May 2009
New York, NY
  • Responsible for the production of daily P&L and daily investor reporting across multiple fund entities, AUM 20 billion dollars.
  • Responsible for the production of month-end investor allocations, and month-end P&L reporting across multiple domestic and offshore fund entities and private equity funds.
  • Responsible for ad hoc risk reporting.
  • Responsible for the oversight, review, and approval of weekly P&L estimates, month-end and quarter-end fees, loss carryforward, and daily pricing for the firms Asian fund entities.
  • Responsible for the production and review of the month-end P&L and NAV for the firms Asian fund entities.
  • Oversee the development and implementation of the funds month-end investor allocation systems, trial balance, and P&L reporting structure.
  • Coordinate, manage and assist in the preparation and completion of the year-end audit for the firms domestic and off-shore funds and private equity funds.
  • Responsible for calculating and reporting daily, monthly and quarterly performance, as well as a management fee, and incentive fee reporting.
  • Responsible for developing, testing, providing training for, and implementing new reconciliations and daily processes.
Auditing Reconciliation Regulatory Reporting
Remove Skill
Account Manager - Fund Services
Banking/Financial
Jul 2006 - Apr 2008
Purchase, NY
  • Manage a multinational team of accountants and operations associates whose responsibilities include the production of daily and monthly P&L, NAV, and domestic and off-shore month-end investor allocations.
  • Responsible for the production of daily P&L and daily risk reporting.
  • Coordinate, review and approve the daily and month-end portfolio valuation and reconciliation process and production of investor statements.
  • Responsible for, validate and oversee the production of the daily reconciliations across multiple asset classes for multiple multi-asset class domestic and off-shore Hedge Funds, AUM over 3 billion dollars.
  • Coordinate, manage and assist in the preparation and completion of the year-end audit for multiple multi-asset class domestic and off-shore Hedge Funds.
  • Responsible for client oversight and communication as well as communication with funds investors and outside auditors.
  • Responsible for calculating and reporting daily and monthly performance, as well as a management fee, and incentive fee reporting.
  • Responsible for developing, testing, providing training for, and implementing new reconciliations and daily processes.
  • Liaise with the firms IT department for project management, development, modeling and testing of new processes, business enhancements and developments.
  • Successfully managed the growth of several clients, from 500 million in AUM to over 3 billion AUM.
  • Developed, track, and assure compliance with all daily procedures.
Regulatory Reporting Reconciliation Project Management Compliance Auditing
Remove Skill
Controller-Soros Fund Management
Banking/Financial
Jul 2005 - Jul 2006
Rye Brook, NY
  • Responsible for validating and overseeing the production of the daily P&L and NAV for Soros Fund Management, Quantum Endowment Fund, assets 10 billion dollars.
  • Review, validate and ensure compliance with established valuation procedure for all internal and external accounts, FOF investments, Private Equity, security types, and exchanges.
  • Coordinate, review and approve the month-end portfolio valuation and reconciliation process and production of the Fund month-end NAV.
  • Coordinate, review and approve the daily and month-end portfolio valuation and reconciliation process.
  • Responsible for calculating and reporting daily and monthly investor allocations, minority interest, internal, external and FOF performance, management, and performance fee calculations, side pocket P&L and allocations, and daily and monthly ROR reporting.
  • Liaised with cash operations and derivative groups, coordinate and review cash, position and market value reconciliations across all security types.
  • Coordinated and reviewed the reconciliations and financial reporting of the funds outside the administrator.
  • Liaised with the firms IT department for project management, development, modeling and testing of new processes, business enhancements and developments.
  • Developed and assured compliance with all daily procedures.
Regulatory Reporting Reconciliation Project Management Compliance
Remove Skill
Audit Manager- Hedge Fund & Alternative Investment Practice
Banking/Financial
Dec 2004 - Jul 2005
New York, NY
  • Managed a staff of Accountants/Auditors and oversaw the year-end audit of domestic and off-shore hedge funds and broker-dealers.
  • Produced, reviewed and approved year-end financial statements and footnotes, investor capital statements and financial highlights.
  • Produced and oversaw the production of Fund tax returns and investor K-1's.
Auditing Project Management
Remove Skill
Manager - Hedge Fund / Financial Accounting &Operations
Banking/Financial
Jan 2003 - Sep 2004
Harrison, NY
  • Managed and trained a staff of 8 Hedge Fund Accountants / Operations Associates.
  • Performed daily and monthly NAV, P&L analysis and investor allocations reporting to fund C.F.O.
  • Responsible for completing and closing month-end NAV and investor statement production.
Project Management Regulatory Reporting
Remove Skill
Edit Skills
Non-cloudteam Skill
Education
Master's in Finance (MBA)
Pace University - Lubin School of Business
Bachelor's in Business
New York University
Skills
Regulatory Reporting
2019
14
Project Management
2019
13
Auditing
2019
8
CCAR
2019
7
Compliance
2019
7
Banking
2019
6
AML
2019
4
Business Analysis
2019
4
Reconciliation
2015
4
Risk Assessment
2019
4
Risk Management
2019
4
Axiom
2014
2
ICAAP
2014
2
UAT
2014
2
Analysis
0
1
Asset Management
0
1
Capital Markets
2012
1
Collateral Analysis
2011
1
Derivatives
0
1
FICC
0
1
Financial Crimes
0
1
Microsoft Excel
0
1
Trading
0
1