David Ide Email & Phone Number

Philadelphia, Pennsylvania, United States

Promoted to Vice President of Global Risk, provide direct support and recommendations to the C-Suite and Senior Leadership on the strategic risks each Department faces within their environment. Exclusively manage relationship with Company’s Insurance Broker on the terms and placement of all polices for over 35 countries globally. Manage Staff tasked with.

Greater Philadelphia Area

• Provided direct support and recommendations to the C-Suite and Senior Leadership on the strategic risks each Department faces within their environment. Exclusively manage relationship with Company’s Insurance Broker on.
• Developed a self-insured, high deductible insurance program focused on premium reduction and loss control, with emphasis on policy, vendor selection, training and ensuring incidents are settled in accordance with.
• Coordinated with the Legal Department in the drafting and successful implementation of company-wide global terms and conditions, replacing all local conditions at the Country level, with primary focus on company and.
• Drafted global sanction policy replacing all regional policies, focusing on regulations as a US parent company, effectively communicating the company’s position through frequent announcements and training to all our.
• Created a quarterly Risk Management Dashboard presented to the Chief Legal Counsel and C-Suite on loss trends, insurance updates, vendor performance, risk management initiatives and Operational issues

Greater Philadelphia Area

• Provided global support to over 140 offices and 5,000 employees as head of risk management, managing all claims, insurance inquires and approval of customer settlements. Conducted risk assessments of global operations.
• Launched a global marine, professional liability, commercial and executive risk insurance program, reducing expense on local policies by over $500,000 annually and maximizing coverage, while still ensuring that.
• Reduced overall cargo claim exposure by over 65% in the first year of taking full control over the process by focusing on settling claims in accordance with contractual liable, holding third parties financially.
• Developed a global mandatory monthly loss reporting program across all Departments within the Organization resulting in effectively mitigating the company’s risk exposures and providing transparency to the Executive Team
• Increased revenues of cargo insurance sales over a three-year period from $250,000 to over $3,000,000 annually, by training Sales and Operations on best practices to maximize sales, creating pricing formulas.

Conshohocken, PA

• Managed a team of Analysts that analyzed all operational risks associated with the Prepaid Card business including fraud monitoring, chargeback processing, ACH, AML and regulatory activity. Provided input to the.
• Created and documented the fraud monitoring process for the Prepaid Card business
• Identified a fee related issue that resulted in decreasing negative balance by over one million dollars
• Implemented fraud prevention strategies which result in over $100,000 of potential fraud loss savings per month
• Consistently managed to keep fraud losses below company and industry standards with limited staff and budget
• Developed and managed the SAR (suspicious activity reports) filing process for the business

Greater Philadelphia Area

• Analyzed and filed SARs submitted by the Investigation team from the Financial Intelligence Unit related to anti-money laundering (AML) and terrorist financing, ensuring the details of each case were factual, and that.
• Received Service Excellence Award for flawlessly leading a wire transfer monitoring project
• Successfully completed more suspicious activity report reviews than any other member of the Quality Assurance and Management team which led to over a 75% reduction in the number of cases pending review
• Assisted in transitioning the Wachovia International Investigation team to the Wells Fargo model of writing suspicious activity reports and case summaries by implementing new directives and providing constant feedback.
• Participated in user acceptance testing responsible for integrating Wells Fargo's case management system into the Wachovia environment by identifying any defects that may impact the system's functionality

• Provided continuous oversight and direction to direct reports in order to implement the tactical plans of the Department. Coordinated and established the development of policies, procedures and standards for Fraud.
• Received SunCom Quest for Excellence Silver Award (Implemented key policies and procedures within the Credit and Sales Department which resulted in over a half million-dollar savings annually by cutting fraud loss)
• Reduced Company fraud losses by 38% the first 3 years as Supervisor by implementing new Department processes for detecting and analyzing identity theft
• Negotiated vendor contract which resulted in $280,000 annual cost savings
• Project managed the implementation of the Company fraud detection system
• Successfully met Department and Operational budget requirements each year as Manager/Supervisor