Dr. Gary Danforth Email & Phone Number

Lambertville, Nj, Us

New Jersey, United States

Reporting to the firm's Managing Partners, manage the oversight, advisory, and execution of engagements for multiple clients. Areas of practice include ERM framework and program development, GRC implementations, Third-Party Risk Management, Risk and Control Self-Assessment (RCSA), Control Testing, Issues Management, Policy Management, Model Risk Management, Regulatory Change Management, Exam Management, Risk Metrics (KRI/KPI/RAS), Risk Reporting, and Corporate Training.

Reporting to the Chief Risk Officer, responsible for ERM Governance, Exam Management, ERM Strategy, eGRC System, Issues Management, Third Party Risk Management, Policy & Procedures Program, Integrated Risk Management Model, and Corporate Risk Training. Committee memberships include the Enterprise Risk Committee, Operating Committee, DE&I Committee, Product Management Council, Data Management Council, Change Council, and eGRC Steering Group.

United States

Enterprise Risk Management

Greater New York City Area

Reporting to the Chief Risk Officer, responsible for the bank’s integration, adaptation, standardization and risk aggregation of all ERM programs. Responsible for and established Cenlar's ERM Governance, Third-Party Risk Management, Issues Management and Governance Risk & Compliance (GRC) Administration departments. Established Cenlar’s TPRM 2nd Line of Defense department.▪ GRC System Implementation Project Owner – Led the research, requirements gather, RFP and sourcing activities to… Show more Reporting to the Chief Risk Officer, responsible for the bank’s integration, adaptation, standardization and risk aggregation of all ERM programs. Responsible for and established Cenlar's ERM Governance, Third-Party Risk Management, Issues Management and Governance Risk & Compliance (GRC) Administration departments. Established Cenlar’s TPRM 2nd Line of Defense department.▪ GRC System Implementation Project Owner – Led the research, requirements gather, RFP and sourcing activities to procure a GRC system. Saved an estimated $1m in cost savings.▪ GRC Multi-Stage Implementation Owner – From 2016 to 2019, centralized 12 ERM programs into the GRC system (e.g., RCSA, Issues Management, TPRM, Exam Management, etc.).▪ GRC Architecture & Reporting – Developed and responsible for GRC system architecture that enables risk aggregation and program integration. Implemented automated dashboards, custom reports, queue reports and workflow notifications. ▪ Issues Management Program Centralization – In 2016, established the bank’s Issues Management program and standardized issue remediation process. From 2016 to 2017, centralized all issues into the GRC (i.e. self-identified, Internal Audit, QA, QC, RCSA, etc). ▪ Risk Portfolio Management & Reporting – Implemented a series of weekly, monthly and quarterly reporting packages that are provided to various committees, groups, Executive Committee and Directors. Developed and established a series of KPIs and KRIs. ▪ Regulatory Packaging & Reporting – In 2017, assumed the bank’s quarterly regulatory reporting and packaging. Established quarterly catalogue and tracking system, and central repository system, which significantly increased efficiency and reduced 3 FTEs.▪ Third Party Risk Management Implementation – Established Cenlar's TPRM department, Policy and Program. Implemented various third party control tests and reports. Show less

Greater New York City Area

Reporting to the Chief Risk Officer and Chief Audit Executive, helped establish an ERM governance framework. Directly responsible for establishing and managing a global Third-Party Risk Management program and function that complied with United States, United Kingdom, Singapore and Australia outsourcing guidance and regulation. Assisted with SPGI’s build out of an oversight risk and controls program (RCSA). Major accomplishments and projects include:▪ Third-Party Risk Management –… Show more Reporting to the Chief Risk Officer and Chief Audit Executive, helped establish an ERM governance framework. Directly responsible for establishing and managing a global Third-Party Risk Management program and function that complied with United States, United Kingdom, Singapore and Australia outsourcing guidance and regulation. Assisted with SPGI’s build out of an oversight risk and controls program (RCSA). Major accomplishments and projects include:▪ Third-Party Risk Management – Established S&P Global’s Third-Party Risk Management Policy, program and Vendor Governance Committee (VGC). Acted as VGC Chairman. ▪ Third-Party Risk Management Framework – Assessed SPGI’s business model and risk tolerance to develop a comprehensive TPRM program framework to address onboarding, due diligence and ongoing monitoring, and termination. ▪ TPRM Pilot Project & Implementation – Performed a proof-of-concept TPRM pilot project followed by a multi-divisional implementation. ▪ GRC System Implementation Project Owner – Led the research, requirements gather, RFP and sourcing activities to procure a GRC system. ▪ ERM Governance and Risk Assessment Methodology – Working with multiple ERM SMEs, helped develop the firm’s ERM Governance framework, risk and control assessment methodology, and KRI/KPI metrics.▪ Risk SWAT Team – Assisted in the establishment of the firm’s Risk SWAT team. Helped identify and remediate emerging and known risks or issues of significant concern. ▪ Executive and Board Portfolio Report Development – Redeveloped existing executive and Board reporting, to standardize messaging, content and visual presentation. Show less

Norwalk, Ct

Provided ERM and TPRM consulting services to Fortune 500 clients, specifically a G-SIFI financial institution. Managed multiple on-site and offshore teams specializing in TPRM, Sourcing, Data Analytics, Advisory Services, Audit, and Policy and Procedures. Assisted clients through regulatory examinations and issue remediation. Major accomplishments and projects include:▪ Vertical Risk Management & Procurement Strategy – Developed and implemented multi-divisional vertical risk… Show more Provided ERM and TPRM consulting services to Fortune 500 clients, specifically a G-SIFI financial institution. Managed multiple on-site and offshore teams specializing in TPRM, Sourcing, Data Analytics, Advisory Services, Audit, and Policy and Procedures. Assisted clients through regulatory examinations and issue remediation. Major accomplishments and projects include:▪ Vertical Risk Management & Procurement Strategy – Developed and implemented multi-divisional vertical risk management framework and strategy that incorporated risk and procurement activities, to effectively reduce third-party risk and costs. ▪ Third-Party Risk & Outsourcing Global Regulatory Library – Independently performed a TPRM research project that analyzed United States (OCC, FDIC, FRB, FFIEC, GLBA), United Kingdom (FCA), Singapore (MAS) and Australia (APRA) regulatory guidance/regulation. Created a comprehensive TPRM regulatory requirements library, documenting over 1000 requirements and definitions. ▪ Portfolio Risk Management – Reengineered portfolio risk reporting strategies for business, executive and Board-level reports, to increase effectiveness and messaging. Show less

New Haven, Ct

Reporting to the bank’s General Counsel, responsible for the development and implementation of Third-Party Risk Management. In addition, established the bank’s Contract Administration and Procurement programs. Major accomplishments and projects include:▪ Third-Party Risk Management Implementation – Established and fully implemented the bank’s Third-Party Risk Management policy and program. Program complied with OCC, FDIC and FRB guidance, as required by the Higher One’s depository… Show more Reporting to the bank’s General Counsel, responsible for the development and implementation of Third-Party Risk Management. In addition, established the bank’s Contract Administration and Procurement programs. Major accomplishments and projects include:▪ Third-Party Risk Management Implementation – Established and fully implemented the bank’s Third-Party Risk Management policy and program. Program complied with OCC, FDIC and FRB guidance, as required by the Higher One’s depository bank partners.▪ Contract Administration – Centralized all vendor contracts into a system and identified unnecessary/duplicate vendors. Successfully terminated multiple vendors and consolidated services, which resulted in substantial savings. ▪ Procurement Implementation – Established the bank’s Procurement policy and program. Deployed RFP and multiple-bid requirements, and commodity plans. Show less

Hartford, Connecticut Area

Reporting to the bank’s Compliance Officer, responsible for the rebuild of a centralized Third-Party Risk Management Program and GRC platform. In addition, established the bank’s Contract Administration program. Acted as the lead negotiator for vendor contracts with coordination from outside counsel. Acted as primary SME for due diligence reviews. Prior Experience in Branch Administration, Retail Banking Deployed and traveled across Liberty Bank’s branch and corporate offices… Show more Reporting to the bank’s Compliance Officer, responsible for the rebuild of a centralized Third-Party Risk Management Program and GRC platform. In addition, established the bank’s Contract Administration program. Acted as the lead negotiator for vendor contracts with coordination from outside counsel. Acted as primary SME for due diligence reviews. Prior Experience in Branch Administration, Retail Banking Deployed and traveled across Liberty Bank’s branch and corporate offices to work in various capacities and on strategic projects. Cross trained as a Branch Manager, Personal Banker, Operations Supervisor, Teller, Call Center Representative/Supervisor, and Small Business and Consumer Loan Originator. Trained new retail banking managers and supervisors. Performed pre-audits and issue remediation. Project team member for multiple initiatives including core operating system conversion, online banking conversion, loan origination system conversion, mobile banking implementation, and statements conversion. Show less

Doctor Of Business Administration, Finance, Gpa 4.00

Format | AACSB Accredited Onsite Program DBA Most Outstanding Award | June 2023 Dissertation | Enterprise Risk Management - Essays.

Master Of Business Administration (M.B.A.), Finance, Gpa 3.86

AACSB Accredited Traditional MBA Program

Bachelor Of Science In Business Administration (Bsba), Accounting, 3.93 Gpa

Certificate In Supply Chain Management

Diploma, Banking, Finance And Management, 3.91 Gpa, Rank 2Nd

The Connecticut School of Finance and Management is a two-year banking school sponsored by the Connecticut Bankers Association. Less than.

Diploma, Financial Services

Chartered Retirement Planning Counselor (Crpc)

Mortgage Banking

SOMB I - Completed 2018 SOMB II - Completed 2019