Jim Baughman Email and Phone Number

Lead the effort to monitor, plan, and replace information technology approaching end of life (EOL) and out of support before it creates information security vulnerabilities.

Led the effort to create an LLC partnership and purchase a small business. Analyzed businesses for sale, assembled accounting and legal team, developed offer, and led due diligence and negotiations; all resulting in the purchase of Charlotte Cycles, the leading seller of electric bicycles in the Charlotte, NC region.

Executive responsible for managing the IT budget of the largest non-bank mortgage servicer.• Helped monetize servicing IT with third party IP sale and outsourcing.• Reduced expenses 10% year over year.• Financially managed cloud migration.• Improved transparency of IT allocations to the lines of business.• Improved strategic initiative decision making with analytical rigor.• Improved initiative management by developing financial reporting and performance tracking.• Developed simplified process for internally developed software capitalization.

Executive responsible for managing the $800MM information security budget, including the annual operating expense, capital budget, and project portfolio. • Achieved monthly and full year plan / forecast variance of less than 1%. • Managed over 100 vendors, developing strategies to save 10% annually and re-invest in new technology. • Benchmarked products and services compared to peers to ensure funding is sufficient to protect the bank / industry.

Dual role Business Finance Officer (BFO) supporting CTO Vendor Expense Management and Global Information Security. • Oversaw CTO financial management of the $2.5B annual vendor expense for technology infrastructure. • Tracked and managed over 1,000 vendors providing hardware, software, and services for servers, storage, mainframe computing, laptop and desktop, network and network security, collaboration, and data centers. Contributed toward CTO’s $1.5B annual run rate savings achieved compared to 2012 peak. • Achieved monthly forecast accuracy target of less than 1% variance. • GIS BFO responsibilities include financial management of the $800MM cybersecurity budget.

Business Finance Officer responsible for financial management of the $1.5B annual expense in network and security services including infrastructure (hardware, software, circuits, and fiber), audio and video conferencing, and inbound and outbound long distance. • Voice, data, video, and information security shared services provided globally (42 countries) for all lines of business including call centers and trading floors. • Financial lead for insourcing from HP saving $500MM per year.

Business Finance Officer for the five Line of Business CTO's including Consumer and Small Business Banking, Global Wealth and Investment Management, Global Banking and Markets, Global Wholesale Banking, and Enterprise Functions. • Managed technology infrastructure project expenses. • Single point of contact and relationship manager for end user cost allocations totaling $5B. • Implemented capital budgeting and forecasting process for the annual $1B of new initiative capital.

Business Finance Officer responsible for the Enterprise Functions CIO (Finance, HR, Marketing), Enterprise Information Management, and the offshore technology operations. • Oversaw the financial management of the initiative portfolio. • Supported major projects including the largest SAP implementation and the largest centralized data warehouse. • Technology infrastructure financial lead for the Merrill Lynch Transition.

Held miscellaneous financial lead and BFO roles. • Financial lead for three-year strategy resulting in the development and deployment of a new banking center sales and service platform (Interact), consolidation of the middleware services, and consolidation of customer databases from five to one. • Financial lead for the MBNA acquisition technology assessment, and the Fleet Boston Retail Bank Transition project. • Managed technology “total cost of ownership” (TCOA) allocations.

Business Finance Officer for Network Services. • Financial lead for the $4.5B HP (EDS) outsourcing saving $100MM per year. • Oversaw network charges to end users.

Led the pricing and proposal development for enterprise, carrier, and government telecommunications services.

Responsible for pricing airline aftermarket parts and services. Managed aftermarket P&L including sales, cost of goods sold, engineering, and shared services expenses. Aftermarket line of business was responsible for over 90% of Air Transport net income.

Responsible for pricing, proposal development, and financial management of various government services contracts.