Michael Bard Email & Phone Number

New York, New York, United States

• Led and mentored teams, translating complex data into actionable insights, fostering collaboration, and influencing across domains to bridge vision and execution, ensuring efficiency and risk mitigation.• Spearheaded intercompany brokerage rate updates and enhanced geographical reporting attributions• Leveraged industry analysis to identify and prioritize underperforming businesses for closure/divestiture• Collaboratively refined and oversaw analytical processes (operating plans… Show more • Led and mentored teams, translating complex data into actionable insights, fostering collaboration, and influencing across domains to bridge vision and execution, ensuring efficiency and risk mitigation.• Spearheaded intercompany brokerage rate updates and enhanced geographical reporting attributions• Leveraged industry analysis to identify and prioritize underperforming businesses for closure/divestiture• Collaboratively refined and oversaw analytical processes (operating plans, CCAR PPNR forecasts, bi-monthly outlooks, model governance) with business partners, delivering insightful product profitability analysis and guiding key business/product decisions. Show less

New York, New York, United States

• Authored and disseminated firm-wide procedures and training materials that standardized back-office controls for trading activity and explained profit-loss attribution processes, applicable across all Market Asset Classes and delivered to over 600 individuals.• Crafted consistent Actual and Hypothetical P&L calculations for FRTB Eligibility and Profit Loss Attribution tests, aligning with the official firm's P&L, streamlining departmental reporting accuracy, and eliminating false… Show more • Authored and disseminated firm-wide procedures and training materials that standardized back-office controls for trading activity and explained profit-loss attribution processes, applicable across all Market Asset Classes and delivered to over 600 individuals.• Crafted consistent Actual and Hypothetical P&L calculations for FRTB Eligibility and Profit Loss Attribution tests, aligning with the official firm's P&L, streamlining departmental reporting accuracy, and eliminating false breaks.• Streamlined profit attribution analysis via an interactive Power BI dashboard, eliminating 50+ static reports and saving 300+ hours/month, empowering stakeholders with real-time strategic insights.• Led internal project teams with a laser focus on customer needs and business value, driving a 2%-4% increase in employee satisfaction across departments, as measured by the annual employee survey.• Partnered with business and technology to architect global infrastructure solutions and enhance data accessibility, reducing hedged portfolio losses by $50M, all while overseeing a budget of $2-6M and a staff of 3. Show less

• Earned a direct promotion due to outstanding performance and a proven track record of success, overseeing a team of 5 direct reports accountable for data integrity of daily revenue and balance sheet reporting, maximizing consistency with no errors.• Led process optimizations and cross-functional collaboration, reducing daily reconciliation errors from 500 to under 50 within a year and streamlining operations to cut front-to-back breaks by 80% and lower monthly interest expenses by $1.5M… Show more • Earned a direct promotion due to outstanding performance and a proven track record of success, overseeing a team of 5 direct reports accountable for data integrity of daily revenue and balance sheet reporting, maximizing consistency with no errors.• Led process optimizations and cross-functional collaboration, reducing daily reconciliation errors from 500 to under 50 within a year and streamlining operations to cut front-to-back breaks by 80% and lower monthly interest expenses by $1.5M, enhancing efficiency and financial accuracy.• Authored comprehensive documentation for structured Equity, FX, Interest Rate, and Commodity derivative trades, capturing valuation nuances, reserving requirements, and inherent modeling limitations. Show less

New York, New York, United States

• Streamlined operational risk management by 30%, implementing new procedures and transitioning the team within 6 months, resulting in the eradication of daily efficiency checks and reliance on internal audits, fostering consistent and proper function.• Formed a high-performing 10-member finance team specializing in KPI modeling and departmental policy redesign, bridging gaps and forging ironclad collaboration, all while overseeing operations from a high-level viewpoint to ensure… Show more • Streamlined operational risk management by 30%, implementing new procedures and transitioning the team within 6 months, resulting in the eradication of daily efficiency checks and reliance on internal audits, fostering consistent and proper function.• Formed a high-performing 10-member finance team specializing in KPI modeling and departmental policy redesign, bridging gaps and forging ironclad collaboration, all while overseeing operations from a high-level viewpoint to ensure comprehensive accuracy.• Pioneered a transformation of risk assessment governance, implementing daily reviews for real-time efficiency across global teams and leveraging operational assessments to identify and secure funding for remediating financial reporting control gaps.• Chaired global steering committee to ensure consistency of controls, identifying risks and tracking internal controls. Show less

New York, New York, United States

• Led global monthly business reviews, interfacing with internal audit and regulators while managing a 4-person team responsible for daily revenue, month-end close controls, monthly price verification, and reserving processes.• Oversaw the seamless migration of a product processor, including complex accounting flows, successfully transitioning the balance sheet from settlement date to trade date to comply with US GAAP.• Pioneered exceptional strategy and analysis, all while forging… Show more • Led global monthly business reviews, interfacing with internal audit and regulators while managing a 4-person team responsible for daily revenue, month-end close controls, monthly price verification, and reserving processes.• Oversaw the seamless migration of a product processor, including complex accounting flows, successfully transitioning the balance sheet from settlement date to trade date to comply with US GAAP.• Pioneered exceptional strategy and analysis, all while forging cross-functional team bridging to boost efficiency and supercharge communication, leading to increased accuracy, accountability, and organizational alignment.• Collaborated with Operations to analyze letter of credit sublimit balances, resulting in a $2B reduction in risk-weighted assets.• Oversaw the automation of loan syndication fees, ensuring full compliance with FAS 91 accounting standards and accurate accounting flows. Show less

New York, Ny

During my role as a Corporate Loan Portfolio Product Controller, I was successful in leading an implementation which resulted in $2 billion decrease in risk weighted assets as calculated under Basel I.Additional Highlights:- Prepared daily, month and quarterly P&L statements and estimates, overseeing development and submission of revenue, cost of credit, inventory, and balance sheet reconciliations.- Spearheaded automation of loan syndication fees, promoting full compliance… Show more During my role as a Corporate Loan Portfolio Product Controller, I was successful in leading an implementation which resulted in $2 billion decrease in risk weighted assets as calculated under Basel I.Additional Highlights:- Prepared daily, month and quarterly P&L statements and estimates, overseeing development and submission of revenue, cost of credit, inventory, and balance sheet reconciliations.- Spearheaded automation of loan syndication fees, promoting full compliance with FAS 91 accounting standards. Show less

New York, Ny

New York, Ny