Michael Hargrove

Michael Hargrove Email and Phone Number

Director of Operations @ DriveWealth
Jersey City, NJ, US
Michael Hargrove's Location
Jersey City, New Jersey, United States, United States
Michael Hargrove's Contact Details

Michael Hargrove personal email

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About Michael Hargrove

Progressive leader, motivator, and mentor with extensive experience driving operations in support of major global financial institutions. Adept at building, developing, and managing top-performing teams across key operational areas, with a record of increasing productivity by strengthening workflows and processes, leading change, and establishing team-oriented work environments. Capacity for significantly reducing costs while achieving operational objectives. Throughout my career, I have built, developed, and managed top-performing teams that supported key operational areas. Achievements include:✔ Successful track record of increasing productivity for several firms by strengthening workflows and processes, leading change, and establishing team-oriented work environments.✔ Leading the SGNY Branch, SGAS Broker Dealer, and Futures Commission Merchant Departments for Société Générale. I converted three siloed units into one operation, which improved performance, capacity, and consistency.✔ Strengthening Société Générale’s offshore operation by introducing best practices and modernizing processes. I also enabled the firm to respond quickly to opportunities and challenges by enhancing communication between onshore and offshore teams.✔ Building a cohesive, unified Global Financial Services Division for Deutsche Bank. I eliminated barriers among internal units and developed communication strategies to resolve longstanding issues and deliver higher-quality results.✔ Establishing and leading a newly created Interest Rate Derivative Operations Team for Goldman Sachs. I facilitated the attainment of multimillion-dollar savings through leadership development and mentoring.✔ Pioneering a full-scale operations department in Salt Lake City. I was hand-picked by senior executives of Goldman Sachs to relocate from New Jersey to Utah to build and manage a first-rate team and help establish the firm's third largest global office.✔ Serving as a key member of Goldman Sachs’ leadership team that traveled to Bangalore to establish a full-service operational hub. I instituted best practices and was instrumental in developing a fully functional operational team through mentoring and coaching.✔ Spearheading stock record conversion from legacy system to STP (Straight Through Processing) system.

Michael Hargrove's Current Company Details
DriveWealth

Drivewealth

View
Director of Operations
Jersey City, NJ, US
Website:
drivewealth.com
Employees:
334
Michael Hargrove Work Experience Details
  • Drivewealth
    Director Of Operations
    Drivewealth
    Jersey City, Nj, Us
  • Drivewealth
    Operations Control Lead
    Drivewealth Sep 2021 - Present
    New Jersey, United States
  • Société Générale
    Americas Vice President Of The Oversight & Control Team
    Société Générale 2015 - 2021
    Jersey City, New Jersey
    Provide leadership and direction to multiple units: SGNY Branch, SGAS Broker Dealer, and Futures Commission Merchant (FCM). Lead combined team consisting of 4 onshore and 11 offshore staff members. Report KPIs and KRIs to headquarters team in Paris weekly.Converted three siloed departments into a unified operation, enabling the organization to increase productivity, expand bandwidth, and achieve greater consistency across the team. Created a more controlled environment by restructuring and expanding offshore oversight role. Analyzed existing controls and processes, identified significant gaps, and implemented corrective action. Reengineered the functions of the position to provide the company with increased visibility and quality in day-to-day functions.
  • Deutsche Bank
    Vice President / Client Relationship Manager For The Americas
    Deutsche Bank Nov 2013 - May 2015
    Greater New York City Area
    Recruited to provide executive leadership to the Global Financial Services Division to bridge the gap between the firm's New York, Florida, and Delaware entities. Developed communication strategies and identified synergies to convert three separate operations into one cohesive team. Devised solutions to overcome significant operational challenges. Achieved consistency throughout the division by clarifying corporate policies and procedures.
  • Goldman Sachs
    Vice President / Department Manager
    Goldman Sachs 2011 - 2013
    Selected by senior executives to manage and strengthen the newly formed Interest Rate Derivative Operations Team. Applied vast operational expertise to build a highly productive team. Executed rebuild of the Interest Rate Team from Goldman's NYC hub location to a high-value location in Salt Lake City. Supported multiple product lines/departments. Coached and mentored management staff in operational leadership and team building. Instilled the Goldman Sachs culture and management philosophy with a focus on people management and teamwork.Built a cross-functional operations team comprised of 6 managers and 30 employees. Enabled company to achieve aggressive goal of multimillion-dollar savings while providing comprehensive support to key departments in Salt Lake City. Executed a smooth transition and clearly defined the department.
  • Goldman Sachs
    Vice President / Department Manager - Salt Lake City, Ut
    Goldman Sachs 2008 - 2011
    Pioneered the creation of the Utah Global Control Department to better support operational portfolios. Redistributed the workload of the New York office and provided better scheduling, broader coverage, and more comprehensive support. Established a solid foundation for business continuity to eliminate business interruption and implement a "follow-the-sun" methodology for expanded global coverage.Developed and executed a comprehensive plan to build an entire operational team in Salt Lake City. Recruited and trained a staff of 18 people in diverse positions. Achieved full capabilities within 18 months, ahead of the company's 24-month projection. Aided in building the company's third largest office worldwide.
  • Goldman Sachs
    Vice President – Global Control
    Goldman Sachs 2001 - 2008
    Managed day-to-day functions for the Operational Control Area. Planned and directed cross-divisional projects and business initiatives. Collaborated with IT, settlement, and processing areas of equity and fixed-income departments. Interfaced with management team to maximize accuracy. Reported to Managing Director of the group. Helped establish full-service operational hub in Bangalore. Provided training to local team members in risk identification and minimization. Developed and maintained operational and process control standards. Converted many manual systems to automated processes. Formulated and administered annual operating budgets. Member of Quality Management Team. Implemented key control objectives to identify, assess, and mitigate risk within the department.
  • Goldman Sachs
    Senior Analyst – Global Control, Finance Division
    Goldman Sachs 1997 - 2001
    Converted manual reconciliation processes to automated systems for Government Securities Clearing Corporation and Bank of New York, which resulted in a dramatic increase in efficiency and accuracy.
  • Salomon Brothers
    Analyst – Consolidated Management Reporting / General Accounting
    Salomon Brothers 1994 - 1997
    Compiled global earnings and expense data for the financial areas of Salomon, Inc. and their subsidiaries.

Michael Hargrove Skills

Securities Capital Markets Prime Brokerage Leadership Derivatives Financial Services Fixed Income Equities Financial Analysis Operations Management Operational Risk Risk Management Options Financial Risk Settlement Alternative Investments Mutual Funds Middle Office Hedge Funds Operational Risk Management Relationship Management Finra Aml Asset Allocation

Michael Hargrove Education Details

Frequently Asked Questions about Michael Hargrove

What company does Michael Hargrove work for?

Michael Hargrove works for Drivewealth

What is Michael Hargrove's role at the current company?

Michael Hargrove's current role is Director of Operations.

What is Michael Hargrove's email address?

Michael Hargrove's email address is mi****@****ale.com

What schools did Michael Hargrove attend?

Michael Hargrove attended Niagara University.

What skills is Michael Hargrove known for?

Michael Hargrove has skills like Securities, Capital Markets, Prime Brokerage, Leadership, Derivatives, Financial Services, Fixed Income, Equities, Financial Analysis, Operations Management, Operational Risk, Risk Management.

Who are Michael Hargrove's colleagues?

Michael Hargrove's colleagues are Paul Gonoud, Casey Salzman, Elizabeth Murphy, Zeynep Hatipoglu, Sean Brennan, Sowmia Natrayan, Manoj Deva.

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