Michael Hargrove Email & Phone Number

Jersey City, Nj, Us

New Jersey, United States

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.

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.

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.

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.

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.

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.

Compiled global earnings and expense data for the financial areas of Salomon, Inc. and their subsidiaries.