SENIOR EXECUTIVE - INTERNATIONAL FINANCE / RISK MANAGEMENT
Successful working with senior management and board of directors in addressing corporate-wide issues relating to audit, regulatory compliance, risk (operational, credit, and market), financial control (accounting and tax), operations, and IT in multiple locations – impacting global operations. Project team leader and key contributor skilled in financial and risk analysis, consultation, project management, process improvement, and negotiation. U.S. Citizen with extensive international working experience. Comfortable in written and spoken German, Dutch, Italian, and Spanish. Areas of expertise include:
* International Business Analysis / Strategy Execution
* Regulatory Compliance & Governance
* Risk Management
* Financial Management / P&L Control
* Business Development / Due Diligence
* Policy & Procedure Development
* Process Improvement
* Organizational Change / Business Continuity
* Project Management (Cross Functional/Cultural)
* Audit, Investment & Risk Committees
PROFESSIONAL QUALIFICATIONS
MAJOR FINANCIAL GROUP, California, USA 2005 to Present
Senior Global Compliance Officer, Office of the CEO
Responsible for international compliance and operational risk for two business groups and all international subsidiaries in India, China, and the UK. Specific activities covered include Global Investment Products, Cash Management, Foreign Exchange, International Credit Products, and International Trade Services. Member of the International Steering Committee and Internal Control Committee.
* Built the international compliance function to address expansion into Europe, China, and India for banking and corporate advisory services.
* Prepared global compliance manual and led international compliance (KYC/Anti Money Laundering) monitoring. Updated all international business unit procedures including operational and credit risk policies.
* Coordinated all audits (external, internal, and Sarbanes Oxley) for business groups and international operations.
* Involved in international projects including new office expansion (corporate advisory and banking) in Europe.
* Recognized for distinguished performance within first 6 months
* Developed a compliance manual for the firm’s global business including anti money laundering monitoring.
* Prepared a country exposure policy paper and reviewed global operations in terms of risk assessments (operational and regulatory).
Independent Consultant, USA and Switzerland 2004 to 2005
Assumed the role of CFO of a startup international diversified services firm in the oil industry, providing advice on legal structure, due diligence, financial planning and marketing. Geographic areas covered were North America and Europe including Eastern Europe.
* Prepared marketing presentations for investors; reviewed business plans and financial projections.
NOMURA BANK (SWITZERLAND) LTD. – Zurich, Switzerland 1998 to 2003
A Swiss universal banking subsidiary of Nomura, a global diversified financial services company (NYSE:NMR) involved in investment banking, institutional brokerage, and wealth management services.
First Vice President (stv. Direktor)
Served as Head of Risk and Compliance reporting directly to the President. Member of Audit Committee, Investment Committee, and Risk Committee. Member of Nomura European Compliance Group. Oversaw all risk, compliance, and regulatory reporting issues for the Swiss headquarters and Geneva branch, with responsibility for up to four direct reports, and up to 120 employees.
* Led and successfully completed project reviewing entire operational and business procedures improving workflows, oversight and risk awareness for all staff.
* Established credit policies and procedures relating to private banking.
* Avoided a potential loss of $150 million in business by advising on regulatory risk-mitigating exercise to prevent business discontinuity and reputation risk.
* Prevented $5 million revenue loss from potential client problems, as well as an audit review, by identifying risks in alternative and private equity investments. Implemented regular internal review procedures.
* Negotiated multi-jurisdictional arrangement for Asian related equity business, protecting firm’s reputation with clients. Prevented a $7 million potential revenue loss and cross border (Europe/Asian) compliance issue.
* Implemented all risk management policies and procedures to comply with Basel and EU Directives, reducing banking audit points.
NOMURA BANK NEDERLAND N.V. – Amsterdam, the Netherlands 1994 to 1998
Dutch universal banking subsidiary of Nomura, a global diversified financial services company (NYSE:NMR), involved in investment banking, corporate banking (credit and treasury), and institutional brokerage.
Deputy General Manager
Served as Controller (Finance and Risk) reporting directly to the President and Managing Board. Member of Nomura European Credit Committee and Asset Liability Management Committee. Acted as Corporate Officer/Secretary, Compliance Officer, and Money Laundering Officer. Oversaw all risk, audit, regulatory, accounting, tax and compliance issues for the bank including monitoring capital adequacy. Possessed co-approval authority with President and Managing Director for all transactions between the bank, clients and counterparts.
* Restructured control infrastructure, reducing costs by 25%. Established financial management reporting and improved budget reporting process and control.
* Prepared manuals for compliance, credit risk, private banking, and operations to meet regulatory initiatives.
* Advised on an important client acquisition for asset management, initially worth about $30 million.
* Advised on joint investment banking/corporate banking structured product offering, worth about $50 million.
* Advised managing board on need for, and implemented creation of risk management and compliance function, complying EU, Basle, US (SEC), and UK (FSA) regulations/directives.
* Established corporate group support network in audit, legal, compliance, risk, transaction management and operations, reducing audit points and promoting business support.
OTHER WORK EXPERIENCE
PETROLEOS DE VENEZUELA SERVICES B.V. – The Hague, the Netherlands 1992 to 1994
Financing Specialist (International Project Financing)
EUROPEAN BANK FOR RECONSTRUCTION& DEV. (EBRD) – London, U.K. 1991 to 1992
Financial Consultant (Financial Policy)
ASIAN DEVELOPMENT BANK (ADB) – Manila, Philippines 1985 to 1991
Treasury Officer III
COMMUNITY SERVICE ACTIVITIES
Net Impact Service Corp. – San Francisco, CA 2004 to Present
Volunteer Advisor to Executive Director of an international non-profit organization involved in micro financing for Latin America and Africa. Prepared board papers on corporate governance, an organization manual, and fundraising presentation materials. Advised and set up an accounting and database management system.
EDUCATION / CERTIFICATION
New York University, Stern School of Business
M.B.A., Finance/International Business (1985)
New York University, Graduate School of Arts and Sciences
M.A., International Economics (1983)
Advanced Professional Certificate for Applied Economics Analysis (1983)
Professional Risk Manager Certification, PRMIA (Currently Completing)
Professional Development Program, CFA Institute (2003, 2004)
PROFESSIONAL ORGANIZATIONS
Global Association for Risk Professionals (GARP)
Professional Risk Managers International Association (PRMIA)
CFA Institute - formerly Association for Investment Management Research |
