Brian Morrissey Email & Phone Number

Manhasset, Ny, Us

Toronto, Ontario, Ca

New York, Ny, Us

Created the new Federal Reserve regulatory reporting and control group to meet new regulation and reporting mandates.• $1.8 million saved annually by transitioning 12 government-reporting positions to the finance center and eliminating two positions via process improvements and automation. • Prevented substantial government reporting penalties by completing the projects $1.25 million below budget and adhering to the new Federal Reserve regulations and reporting requirements. • Reduced the potential for significant deficiencies leveled by the Federal Reserve by introducing an enterprise-wide examination protocol and platform in response to the federal examiners data request to verify documentation supporting the appropriate reporting and reporting controls.• Enhanced data quality for Federal Reserve and SEC reporting by implementing a quality assurance program for end-to-end testing.• Instituted a company-wide training program for Federal Reserve reporting and compliance requirements to mitigate possible penalties by ensuring accurate and consistent reporting.

Jersey City, Nj, Us

Established a global trade repository for derivatives in five asset classes across multiple legal entities and multiple regulatory jurisdictions to comply with new global derivative regulations. Created a global legal entity identifier utility to meet the new risk regulations. • Collaborated with regulators, the banking industry, legal and technology departments to devise structure and costs to create, implement and maintain the platform to meet derivatives assets regulatory requirements stemming from the 2008 worldwide financial crisis. • Led the finance effort to develop a global legal entity identifier tool to meet the new global risk regulations following the 2008 financial crisis.

Frankfurt Am Main, Hessen, De

Prepared financial and regulatory reporting for banks and broker dealers in the US. Responsible for sourcing management and offshoring functions. Led improvement projects. • $700,000 saved yearly by offshoring seven employee roles and processes to a finance center in India.• Suggested small-scale enhancement projects for the general ledger to reduce the closing cycle.• Two to three-day reduction in the quarterly closing process achieved as a member of the finance and technology remediation and interface committee

Directed the restructuring and reorganization of the asset management platform. • $16.5 million in annual savings generated by exiting non-profitable businesses, cutting excessive and outdated corporate charges and decreasing finance costs.• Accomplished greater efficiencies by strengthening the decision making process, improving communications and clarifying workflow responsibilities.• $2.5 million saved by assembling a project steering committee to approve and prioritize projects. • Bolstered profitability by exiting non-profitable products and redirecting resources to profitable offerings by introducing a budgeting process and profitability analysis for each product.• 15% annual growth in assets under management realized for a $40 million investment across a three-year period by initiating an operations and technology assessment of the infrastructure.

Managed operations, legal, structuring, tax, accounting, rating-agency interaction. Created finance and systems divisions. • Enhanced pricing flexibility and decreased funding costs by founding an AAA-rated credit derivatives product company that later sold for a profit.• Procured and implemented a standalone, front-, middle-, back-office and accounting system operated separately from the corporation and eventually sold

New York, Ny, Us

AIG Trading Group Inc. a wholly owned subsidiary of American International Group, Inc., engages principally in foreign exchange, interest rate, precious metal, base metal and energy products, physical and/or derivative trading activities with corporations, financial institutions, multinationals, sovereign entities and governmental agencies.Oversaw financial operations including P&L management, general accounting, payroll, benefits, HR, budgeting, financial and regulatory reporting, taxation compliance and bank liaison. Devised and applied trading systems and business plans.• $3.5 million surge in revenues gained by adding 15 major foreign counterparties through a restructuring of the company’s emerging market debt business via a US registered broker dealer, a UK registered dealer and a Hong Kong registered dealer. • Cultivated and executed the operational accounting, compliance and financial reporting controls of the initial joint venture resulting in a small profit.• Avoided latent penalty fines by implementing, documenting and testing the corporate SOX compliance.• Established new profitable trading desks by designing and initiating the operational accounting, compliance, financial reporting and tax compliance controls for re-entry into the energy products trading business.• $2 million saved annually by originating, licensing and introducing infrastructure and supervising filing of FOCUS and 1F-R reports for a futures commission merchant.

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