Larry Murphy

Larry Murphy Email and Phone Number

President and CEO at Octant Business Services, LLC @
Larry Murphy's Location
Londonderry, New Hampshire, United States, United States
Larry Murphy's Contact Details

Larry Murphy personal email

Larry Murphy phone numbers

About Larry Murphy

My expertise is in implementing business initiatives and delivering results in line with management expectations. Success in my various roles has relied upon my ability to solve problems in innovative ways, think creatively, work independently and execute strategy. I have functional expertise in Credit Risk Management, Underwriting and Analysis, Commercial Lending and Problem Loan Management, Credit Risk Review, Strategic Analysis and Implementation, Change Management, Risk Management, Project Management, Contract/Vendor Administration and Business Line Financial Management, primarily gained through a career in financial services. Specialties: Complex Issue Resolution, Strategic Analysis and Implementation, Credit Risk Management, Commercial Lending and Underwriting, Problem Loan Management, Client / Vendor Management, Project Management, Contract / Legal Administration & Management, Risk Identification and Mitigation, Governance, Business Administration, Executive Management Advisor, Audit Compliance, Business Partnering, Analysis / Due Diligence.

Larry Murphy's Current Company Details
Octant Business Services, LLC

Octant Business Services, Llc

President and CEO at Octant Business Services, LLC
Larry Murphy Work Experience Details
  • Octant Business Services, Llc
    President And Ceo
    Octant Business Services, Llc May 2014 - Present
    Create, communicate and implement the company's vision, mission and overall direction. Formulate strategic plan and oversee organizational operation and execution of plan. Maintain awareness of both internal and external competitive landscape and identify opportunities for growth and improvement.
  • Td Bank, N. A.
    Examination Group Manager - Commercial Loan Review
    Td Bank, N. A. Oct 2011 - Apr 2014
    Joined Commercial Loan Review as New England Examination Group Manager in Oct 2011 and promoted to Examination Group Manager for entire US footprint in July of 2012. Commercial Loan Review's primary responsibility is to review and assess the design and accuracy of business controls in place regarding Commercial Credit underwriting, monitoring & control and risk rating. Responsible for providing specialized in-depth exam expertise and contributing to the planning, risk assessment and execution of U. S. based exams across different business lines for Commercial Loan Review. Lead or participate in the planning and execution of exams ensuring compliance with the Bank's exam methodology and timely delivery of exam reports. Manage a team of senior examiners ensuring appropriate staffing and planning. Ensure continuous monitoring of various Credit related business segments and projects. Liaise with the leadership across various business lines and represent Loan Review on various management committees and key projects.
  • Td Bank, N. A.
    Vice President - Commercial Relationship Manager
    Td Bank, N. A. Jul 2010 - Oct 2011
  • Sovereign Bank
    Svp - Strategic Business Executive Commercial Real Estate Group
    Sovereign Bank Aug 2008 - May 2009
    Boston, Ma, Us
    Member of senior management team which built a commercial real estate workout division for Sovereign. Drove strategic initiatives, executed business strategy, supported attainment of management objectives.• Revised watched asset reporting which streamlined the process, improved efficiency, resolved critical reporting delinquencies and improved discipline for $2 billion portfolio.• Developed and implemented procedures to provide better controls in the calculation, approval and reporting of FAS 114 reserves in compliance with federal regulations. • Managed staff of 5 with direct responsibility for credit administration, underwriting and risk management reporting.
  • Sovereign Bank
    Svp - Director Of Risk And Administration Global Solutions Group / Financial Institutions Group
    Sovereign Bank Jul 2004 - Aug 2008
    Boston, Ma, Us
    Promoted to member of senior management team that created the Financial Institutions Group for Sovereign in addition to risk management duties. Formulated and implemented business strategies, constituted and effected administrative policies and procedures, led project management efforts.• Developed and implemented credit administration policies and procedures designed to monitor, control and report on Sovereign’s $8 billion counter party exposures as well as Government Banking and Financial Institutions direct credit exposures.•Expanded risk management group by hiring staff and partnering with credit risk management to develop and implement policies, procedures and controls designed to evaluate, monitor and mitigate Sovereign’s counter party and foreign bank / country risk exposures. • Formulated policies and procedures to streamline and standardize new product / vendor initiatives by the establishment of a project charter, documentation, approvals and controls.
  • Sovereign Bank
    Vp - Finance And Risk Manager Global Solutions Group
    Sovereign Bank Jan 2000 - Jul 2004
    Boston, Ma, Us
    Formulated risk management group that developed and implemented effective risk mitigation policies, procedures and controls. Negotiated all vendor and third party contracts, resolved vendor and customer legal issues, managed compliance with recommendations of all internal / external audit findings. • Authored credit policy for the approval of automated clearing house services and led projects that established formal exposure limits, operational, and risk controls for 1,300 customers which cleared an unsatisfactory OTS audit finding. • Developed and implemented structure to manage vendor outsourcing process and led negotiations for the completion of over 20 critical vendor contracts.
  • Fleet Bank
    Vp - Senior Portfolio Manager
    Fleet Bank May 1994 - Dec 2000
    Us
    Direct responsibility for credit administration, portfolio management, risk management, credit underwriting, and legal documentation for a $100 million portfolio.• Developed credit administration information systems to track the financial performance / compliance of clients which was implemented for the entire division. • Successfully minimized loss exposure of a $4 million leveraged lease portfolio and maximized the corporation's return on this portfolio. • Direct supervision of one financial analyst with matrix supervision of four portfolio managers.
  • Fleet Bank
    Vp - Senior Relationship Manager Cre Managed Assets Division
    Fleet Bank Dec 1992 - May 1994
    Us
    Direct responsibility for the management of $64 million portfolio of non performing assets.• Authored financing strategy for auction of $1.1 million motel with full recovery of investment and expenses, negotiated the sale of four non performing notes, and generated $229 thousand in recovered income.
  • Fleet Bank
    Avp - Relationship Manager Commercial Banking Managed Assets Division
    Fleet Bank Mar 1992 - Dec 1992
    Us
    Direct responsibility for the management of $60 million portfolio of non performing assets.• Authored 1992 / 1993 operating budget for entire division, prevented largest performing relationship in division from migrating to nonperforming status, managed $60 million portfolio comprised of performing substandard assets, reduced existing documentation exceptions to zero.
  • Fleet Bank
    Avp - Commercial Banking Relationship Manager
    Fleet Bank Sep 1990 - Mar 1992
    Us
    Business development, cross sell and relationship management responsibilites for assigned portfolio and prospective clients.• Inherited portfolio with 53% of relationships classified and delinquency rate of 28.3%, restructured classified relationships where appropriate and reduced delinquency rate to 7.3%, generated over $4 million in new loan commitments, collected over $25 thousand in fee income.
  • Bank Of New England
    Commercial Loan Officer
    Bank Of New England 1986 - 1990

Larry Murphy Skills

Due Diligence Analysis Vendor Management Risk Management Banking Credit Risk Credit Financial Risk Portfolio Management Commercial Banking Loans Cash Management Underwriting Investments Change Management Financial Services Treasury Management Commercial Lending Strategy Relationship Management Business Development Finance Financial Analysis Management Executive Management Business Relationship Management

Larry Murphy Education Details

  • University Of Massachusetts Lowell
    University Of Massachusetts Lowell
    Finance And Financial Management Services

Frequently Asked Questions about Larry Murphy

What company does Larry Murphy work for?

Larry Murphy works for Octant Business Services, Llc

What is Larry Murphy's role at the current company?

Larry Murphy's current role is President and CEO at Octant Business Services, LLC.

What is Larry Murphy's email address?

Larry Murphy's email address is mu****@****ast.net

What is Larry Murphy's direct phone number?

Larry Murphy's direct phone number is +120779*****

What schools did Larry Murphy attend?

Larry Murphy attended University Of Massachusetts Lowell.

What are some of Larry Murphy's interests?

Larry Murphy has interest in Kids, Electronics, Gardening, Investing, Home Improvement, Reading, Dogs, Home Decoration.

What skills is Larry Murphy known for?

Larry Murphy has skills like Due Diligence, Analysis, Vendor Management, Risk Management, Banking, Credit Risk, Credit, Financial Risk, Portfolio Management, Commercial Banking, Loans, Cash Management.

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