Director Operational Risk Project Manager in NYC NY Resume Rita Previtali

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Director Operational Risk Project Manager in NYC NY Resume Rita Previtali Powered By Docstoc
					                                           RITA E. PREVITALI
           River Vale, New Jersey 07675               (201) 233-8798 

  Risk Management / Capital Markets / FX Derivative Products / Fixed Income / Equities / Project
                         Management / Business Analysis / Bilingual
Risk management and project management professional specializing in the financial industry, covering operational,
market, credit, and enterprise risk management. Working with Big-Four firms, formulated and implemented risk
control and mitigation strategies for domestic and international Fortune Global 500 in the financial and investment
banking industries.
By applying sound risk management principles, I influence business decisions to improve process controls,
reducing risk exposure and potential loss, improving enterprise risk management, and facilitating market share
     Current in Dodd-Frank regulatory developments and on Basel III new framework. Experience
        implementing regulatory mandates programs, Basel II and Sox.
       Experience in operational risk management and process improvement implementation for domestic
        and international business. Familiar with risk analysis tools and processes.
     Extensive knowledge of foreign exchange and FX derivatives, trading, financial control, trade desk
        support, settlement, and risk management.
       Experience implementing and monitoring process mapping, aggregation, and quantification in light
        of current regulatory requirements.
       Excellent communications with senior management levels, maintaining project transparency by
        timely reporting on complex projects and addressing stakeholders’ issues.
       Skilled at monitoring Risks and Issues, ensuring adherence to risk management guidelines.
With extensive experience in Business Analysis and Project Management, manage complex global and domestic
project initiatives conducive to improving employer’s bottom line.

- Risk Management Certification, Columbia University                                             Jan - June, 2011
 Disciplines covered include operational and market risk management, and enterprise governance principles.
 Dodd-Frank regulations and Basel III directives extensively reviewed and analyzed.
   Basel III specifics as modifications of Basel II guidelines.
   Extensive experience in risk management, market, operational, credit risk, and their impact on capital
- Exotic Options as Tools for Risk Management Certificate, Carnegie Mellon University, 1996

- MBA and a MIM, Master’s in International Management, from Thunderbird, American Graduate School of
  International Management, with a BA in Finance and Marketing from the Universidad J. Tadeo-Lozano
  (Colombia). Member of the Professional Risk Management international Association, PRMIA. Fluent in Spanish.
Publications: Operational Risk Control: ‘Société Générale and Other Well Known Cases’ – Journal of Securities
Operations and Custody. February 2009.
Awards and Recognitions: Chairman’s Award for Client Service Excellence – PwC, 2006.

                                         SELECTED ACCOMPLISHMENTS
Reorganized operational risk program. Developed and implemented comprehensive operational risk control
program at the Equity Derivatives division of Société Générale. Developed assessment process to detect risk gaps
and to improve systems controls.
Turned around engagement by taking leadership and reestablished relationship with $8M project client. Helped
clients determine and remediate risk gaps addressing BASEL II and Sox. > Received Chairman’s commendation at

                                                CAREER HISTORY
Consultant, Independent Sub-Contractor New York, NY,                                          Dec 2010 – Present
Consulting firm, Financial Services, Projects, Technology & Risk, offering Project Management services in risk
management, operational, market, and regulatory compliance.
Working to obtain sub-contract to participate in Dodd-Frank regulatory oversight with government agencies, SEC
and FDIC.
 Interface with agencies project leads, reviewed requirements, and make presentations for potential projects.
 Acquiring knowledge of intended approach to implement financial institutions compliance supervision.
Participating in government sponsored workshops on Dodd-Frank Act and the Volker Rule application and logistics.
Covering requirements, compliance implications, legal enforcement, and IT improvement or logistic impact.
 Closely following Dodd-Frank Act regulatory developments, specially related to Titles IV, VI (Volcker rule), VII
   (regulatory regime for Swaps), VIII, IX, X, & XI.
Working with subcontractor I9Group, analyzed documentation and prepared SOW for Feasibility Study for
implementation of market risk management systems hub at a global foreign financial conglomerate.
 Evaluated current and alternative systems comparing market risk analysis features and data provision
   capabilities, evaluating ‘build vs. buy’.
Sr. Project Manager and BA, Fixed Income Division, Nomura Securities, NY, NY                           2009 - 2010
Managed several projects concurrently for the repo business expansion initiative.
 Reduced operational risk inherent in manual processing by implementing S-T-P automation, eliminating
   settlement risk liabilities, increasing trading operational efficiency.
 Reduced regulatory exposure on the usage of TIPS as collateral, carefully applying Treasury guidelines to the IT
   code managing these securities, ensuring proper mark-to-market prices, and improving market risk controls.
 Worked closely with sales, trading, operations, legal, compliance, product control, and risk technology to ensure
   compatibility with existing processes and requirements.

Director, Management Services, Global Equity Derivatives Division, Société Générale,                 2007 to 2008
Integrated operational risk groups and implemented operational risk assessment program. Managed staff of 21.
Member of Americas Operational Risk Control Committee. Addressed and resolved issues related to risk control
evaluation and improvement.
 Designed process to assess current operational risks and control gaps, directed analysis and documentation of
    operational processes, systems, and data flows. Coordinated activities with Global Risk Management division.
 Introduced process mapping and applied statistical analysis tools for the identification of risk control gaps.
    Analyzed data output, identifying salient risk exposure processes and determining remediation strategies.
 Oversaw counterparty credit risk reviews, specifically addressing client on-boarding, and daily monitoring of
    counterparty settlement activity.
 Represented division for the business continuity program.
Created and managed the Project Manager and the Business Analyst groups to support all division’s 17 trading
desks. Served as a liaison with the IT group.
 Oversaw cross border projects ranging from international securities transfers, FX impact, introduction of new
   products overseas, and provided SME advise on FX related matters.
 Submitted periodic status reports to senior management that included progress vs. budgets, staff utilization,
   time to deliver, risk analyses, change management, and adjusted deliverable times.
 Participated in reviews for new structured products along with desk heads and product analysts, focusing on
   ensuring that risk factors (market, credit, and operational) were recognized and mitigated.
Manager, Advisory, PricewaterhouseCoopers, New York                                               2003 to 2007
Successfully managed implementation of Basel II and SOX compliance programs for large foreign and domestic
financial institutions and for large GSEs.
Implemented risk management improvement processes for businesses as well as IT. Oversaw up to 12
 Created detailed process flows, identifying risk exposure, incorporating into risk control matrices, and
    quantifying potential losses for all major economically impacting activities.
     Evaluated IT trade processes for FX, equities, fixed income, and derivatives.
     Focused on confirming that market risk validation models accurately verified daily VAR results from each
       desk, and that daily trade limits exposures were observed.
     Determined Basel II risk impact of trading and operational processes, as input for risk weighted average
       calculations to comply with Tier 1 requirements.
   Conducted risk assessment for all relevant departments and functions, IT systems and manual processes,
    data feeds into accounting and reporting systems, P&L and balance sheet processes
   Evaluated credit risk controls such as on-boarding processes, counterparty limit verification, and soundness
    of credit risk analysis. Performed risk gap identification, remediation implementation, and testing.
 Examined market risk validation models accuracy and market risk control processes.
   Received Chairman’s commendation for client service excellence.

Bearing Point, -now part of PwC-
 Performed Basel II analysis on the Securitization business of large multinational bank. This included credit risk
  assessment of loan portfolio as input to calculate risk weighted average in determining Tier 1 requirements.
 Assisted client bank in complying with SOX regulatory requirements, mapping processes, identifying operational
  risk gaps, performing data analysis evaluation and capital impact, and recommending mitigating procedures.
Project Manager/Sr. Business Analyst, Oppenheimer Funds, NY, NY                                               1998-2002
   Provided BA and PM support to the Fixed Income, Commodities, FX, and Equity front desks and to risk
    management. Managed several projects simultaneously.
   In support of global funds FX trading, spearheaded the creation of an international automated fund rebalancing
    system. Managed project through from initiation to delivery and implementation.
   Improved accessibility of critical market risk data input (duration, convexity, yields) to front office by managing
    securities valuation feeding systems and securities issue/ issuer information updates.
   SME for programmers inquiries on FX trading and settlement. Actively participated in system upgrade and
    readiness to support the Euro.
Derivatives & Project Manager, Reuters LLC.                                                           1995-1998
 Effective SME for all FX related questions and issues related to global futures exchanges and valuation of
  foreign securities.
 Presided over the derivatives department and managed numerous fixed income projects.
 Retained a $58MM annual revenue client by leading project for data research and system integration of critical
  fixed income derivatives from exchanges worldwide into the client application interface (OMS system).

AVP/Treasurer, James Capel Inc., now part of HSBC.                                                    1993-1994
 As FX trader of all major world currencies, accomplished 35% revenue increases.
 Automated the FX exposure tracking system allowing for quick identification of foreign funds availability,
  reducing FX fluctuation risk, accelerating capital repatriation, and increasing profitability
 Developed code to automate recording of FX trading data, and worked closely with IT to integrate programs with
  reporting systems

FX Derivatives Financial Control Manager, Citibank, NA.                                                1985-1992
 Financial Controller and Operations Manager for a $700 million portfolio of major foreign exchange currencies,
   and FX derivative products traded by the Latin American subsidiaries.
 Worked five years with FX and FX derivatives such as options, futures, forwards, and interest rate swaps.
 Integrated division Futures IT process with bank’s mainframe futures processing.

Skills Summary
       Capital Mkt. Products:   Fixed income, FX, Equities, Structured Products, Derivatives.
       Database:                SQL queries, Sybase, Dbase, database structure.
       Desktop/Other:           MS Project, WinRunner, Visio, Access, Yield Book, SunGard, SharePoint, Jira.
       Trading Systems:         Bloomberg, Reuters, Anvil, Apex/Martini.
       Development:             WebLogic, XML, UML

       Risk Management:         Operational risk, programs creation / supervision; Market risk, pricing and
       Project Management:      Support on systems implementation, integration on Trading and Risk systems,
        Portfolios, Compliance and Regulatory Tracking and Reporting.
       Languages:               Spanish - Fluent; Portuguese: Working level

Description: Rita Previtali is a risk management and project management professional specializing in the financial industry, covering operational, market, credit, and enterprise risk management. Working with Big-Four firms, she formulated and implemented risk control and mitigation strategies for domestic and international Fortune Global 500 in the financial and investment banking industries.