Michael Frasca Email & Phone Number

Purchase, New York, Us

Administer all aspects of Executive Compensation operations including participant communications, executive choice, grant cycle, financial reporting, proxy reporting, and SEC filings. Manage a team of 5, with 3 direct reports, from analyst to manager, and oversee a third-party record keeping vendor.

Riverwoods, Il, Us

Managed compensation activities including Proxy, Stock Plan Administration and incentive governance programs to ensure Discover’s compliance with reporting and regulatory requirements. • Responsible for the strategy and creation of the CD&A and Executive Compensation Tables of the Proxy statement including significant design and process enhancements resulting in say on pay votes of over 90%• Evaluated jobs for level and appropriate compensation and made recommendations to senior executives, utilizing tools such as MarketPay and Mercer’s IPE (International Position Evaluation) resulting in approved changes to 20% of officers• Managed stock administration function including proxy related equity tables, new hire and annual equity grants, onboarding of CFO, GC, and Board member, termination calculations, forecasting models, dividend calculations, share burn-rate analyses, and quarterly compensation statements for the Board resulting in a controlled process with accurate public filings• Regularly developed and reviewed materials for the Compensation Leadership and Development Committee of the Board of Directors to ensure completeness and accuracy • Responsible for incentive compensation governance program leveraging SharePoint and Wdesk to automate manual processes, resulting in increased accuracy and customer satisfaction• Led program to reward employee excellence across all business units (approx. 800 awards) to reward and retain critical talent resulting in a year-over-year retention rate of 91% • Managed direct team of 1 and indirect team of 35 (incentive governance) and 30 (Proxy)

Riverwoods, Il, Us

Directed Section 165(d) of the Dodd-Frank Act and FDIC IDI Resolution Planning (aka “living will”) Program Office and Capital Plan Governance to ensure programs met regulatory expectations. • Responsible for the production and review of content of over 1,000 page document, working closely with approximately 15 content providers and provided training on Regulator expectations to over 85 individuals across the enterprise, leading to Regulatory praise.• Responsible for the production of Resolution Plan including strategy, content drafting, project management, stakeholder coordination and review, and senior management certification.• Developed and reviewed complex financial assumptions in line with Regulator mandated failure scenario and reviewed pro-forma financial results.• Coordinated and compiled various presentations for various committees including Capital Planning Committee and Board Risk Oversight Committee in adherence of CCAR and Resolution Plan governance requirements.• Recognized as a Wdesk subject matter expert providing training to multiple users, administering permissions, and approval of licenses. Worked closely with Workiva’s Business Solutions Partner to identify functionality improvements.

Riverwoods, Il, Us

Facilitated in the timely submission of the Resolution Plan. Managed the project plan to ensure plan met all regulatory expectations. • Supported the development of financial assumptions as part of the forecasted financials process.• Identified opportunities to utilize Wdesk functionality to assist in the preparation and review of the Resolution Plan. Drove significant efficiencies in both preparation and review of content updates.• Drafted and reviewed the Resolution Plan for content and data updates, providing feedback to content owners.

Riverwoods, Il, Us

Prepared timely submissions of Form 10-Q and 10-K SEC filing. • Maintained a strong set of internal controls over external reporting processes including adherence to checklists, updated process narratives, key controls and testing of controls. • Created quarterly presentations for the Board Audit Committee for financial results, critical accounting estimates, and significant performance metrics.• Participated in the fiscal year change and was recognized by receiving Discover’s a President’s Award

Riverwoods, Il, Us

Participated in the monthly close process for Discover Student Loans business. Prepared monthly financials and balance sheet reconciliations. Preformed investigation of variances, and timely resolution of identified issues.

Riverwoods, Il, Us

Assisted in the preparation, content, coordination, distribution, and filing of the Form 10-Q with the SEC. Responsible for responding to queries from external auditors.

Rochester, Ny, Us

Rochester, Ny, Us