Mark Mcdermott

Mark Mcdermott Email and Phone Number

Associate - BlackRock - Leading data management & regulatory reporting enhancements @ BlackRock
new york, new york, united states
Mark Mcdermott's Location
Glasgow, Scotland, United Kingdom, United Kingdom
About Mark Mcdermott

With over four years of extensive experience in the financial sector, my expertise lie in, liquidity risk stress model development and more recently, data management & regulatory compliance and process automation. At BlackRock, I am committed to upholding the highest standards of data integrity and efficiency. My mission is to ensure seamless operations that align with our company's culture of innovation and excellence. I bring a diverse perspective to the team, powered by a proactive approach to problem-solving and a dedication to continuous improvement.Recently, I led a pivotal end-to-end review of how we collect, manage and distribute client level data to our regulatory partners at BlackRock - transforming the regulatory data collection and distribution process. This initiative not only enhanced our operational efficiency but also minimized errors and solidified our compliance framework. My collaboration with cross-functional teams was crucial in identifying and rectifying data issues, which significantly improved the accuracy and quality of our reporting platform.

Mark Mcdermott's Current Company Details
BlackRock

Blackrock

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Associate - BlackRock - Leading data management & regulatory reporting enhancements
new york, new york, united states
Website:
blackrock.com
Employees:
19889
Mark Mcdermott Work Experience Details
  • Blackrock
    Associate - Alternatives Client Service
    Blackrock Apr 2023 - Present
    Edinburgh, Scotland, United Kingdom
    Led a comprehensive end-to-end review and successful replication/automation of regulatory reporting data collection and distribution process. This optimization enhanced efficiency, minimized errors, and ensured seamless compliance with regulatory standards.Led the development of a Canadian regulatory reporting oversight framework, integrating automated email notifications to stakeholders. This innovation streamlined communication channels, improved transparency, and fortified regulatory compliance procedures.Identified and addressed data accuracy, completeness, and quality issues by collaborating with client onboarding teams and backend development teams. Implemented a robust framework to rectify deficiencies, ensuring data integrity and compliance readiness.Directed the design and implementation of an automation solution for primary contact review, personally overseeing its development and deployment. This initiative significantly reduced manual processing time saving 600 annual hours, minimizing operational risks and enhancing overall efficiency and accuracy across the organization.
  • Barclays
    Avp - Liquidity Risk Methdologies Specialist
    Barclays Jun 2022 - Apr 2023
    Glasgow City, Scotland, United Kingdom
    Development and implementation of Liquidity Risk Policy across the entire Barclays Group.Analysis and quantification of risks in retail, corporate and wholesale products, particularly relating to counterparty behaviour and treatment under internal and regulatory liquidity regimes. Recommendation and implementation of improvements to risk analytics and reporting, thus improving the risk decision making process.Improvement of liquidity risk model performance through the development and implementation of liquidity model monitoring using Python.Improvement of resource efficiency through the automation of liquidity model monitoring processes in SQL.Work with other business areas in Risk, Retail & Corporate divisions and Financial Markets.Provide analysis for work with external parties such as regulators and ratings agencies.
  • Barclays
    Liquidity Risk Methodologies Specialist
    Barclays Apr 2020 - Jun 2022
    Glasgow City, Scotland, United Kingdom
  • Caragh Precision
    Cnc Machinist
    Caragh Precision May 2014 - Jan 2020
    Familiar with CNC Turning, Lean, Six Sigma, ERP Systems, Medical device manufacturing.
  • Pluto
    Campus Activation Agent
    Pluto Aug 2016 - Sep 2018
    Galway/ Sligo
    Worked on Bank of Ireland's marketing campaign which maximised uptake of third level student accounts at NUI Galway, GMIT and Sligo IT. This appointment took place at the start of each college year.A client facing role which required superior interpersonal communication and multitasking skills.

Mark Mcdermott Education Details

Frequently Asked Questions about Mark Mcdermott

What company does Mark Mcdermott work for?

Mark Mcdermott works for Blackrock

What is Mark Mcdermott's role at the current company?

Mark Mcdermott's current role is Associate - BlackRock - Leading data management & regulatory reporting enhancements.

What schools did Mark Mcdermott attend?

Mark Mcdermott attended University Of Galway - J.e. Cairnes School Of Business & Economics, University Of Galway, Coláiste An Chreagáin.

Who are Mark Mcdermott's colleagues?

Mark Mcdermott's colleagues are Kristen Himmelman, Devbrat Anand, Szabina Nagyházu, Steve Ahrens, Admin Lol, Dylan Solarte, Robby Saner.

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