Michael Palmer

Michael Palmer Email and Phone Number

US Chief Information Officer at RBC @ RBC
Michael Palmer's Location
New York City Metropolitan Area, United States, United States
Michael Palmer's Contact Details

Michael Palmer personal email

n/a
About Michael Palmer

20+ years of diverse experience in managing and supporting technology within the Financial Services Industry. Proven record of success in building, inspiring and leading global technology organizations and programs to the meet changing needs of the business. Deep engagement in all phases of solution delivery, from business strategy through technical architecture to implementation and providing ongoing support. Specific expertise in developing high-throughput, low-latency, fault tolerant, transaction processing engines.

Michael Palmer's Current Company Details
RBC

Rbc

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US Chief Information Officer at RBC
Michael Palmer Work Experience Details
  • Rbc
    Us Chief Information Officer
    Rbc Nov 2023 - Present
    Toronto, Ontario, Ca
  • Rbc
    Senior Vice President And Managing Director, Global Wealth Management Technology
    Rbc Jan 2022 - Oct 2024
    Toronto, Ontario, Ca
  • Rbc
    Vice President And Managing Director, Global Wealth Management Technology
    Rbc Jan 2020 - Jan 2022
    Toronto, Ontario, Ca
  • Rbc Capital Markets
    Vice President/Managing Director, Global Head Of Finance Technology And Us Head Of Corporate Systems
    Rbc Capital Markets 2012 - Dec 2019
    Toronto, Ontario, Ca
  • Rbc Capital Markets
    Chief Data Officer (Interim)
    Rbc Capital Markets 2018 - 2019
    Toronto, Ontario, Ca
  • Rbc Capital Markets
    Head, Liquidity Risk Management Technology
    Rbc Capital Markets 2011 - 2013
    Toronto, Ontario, Ca
  • Citigroup
    Managing Director, Global Middle Office Technology
    Citigroup 2006 - 2010
    New York, New York, Us
    • Built global client allocation and trade booking platform• Building Retail Structured Products transaction processing • Led next-generation customer profiling and commission engine implementation• Re-Engineered Electronic Trade Confirmation platform• Implemented Equity Transaction Processing Business Process Management• Built Equity Data Warehouse• Implemented Smartstream TLM Reconciliation Engine• OTC Derivatives - Workflow-based deal enrichment and salesperson review
  • Citigroup
    Director - Global Equity Technology
    Citigroup 2004 - 2006
    New York, New York, Us
    Managed Equity Middle Office technology group including trade completion, booking, confirmation, special equities, alternative commissions and customer account systems. Responsible for a $30M budget and 150+ global staff.• Continued build-out of global equity customer allocation and trade booking automation platform, increasing electronic allocation automation.• Oversaw implementation of automated ALERT Direct settlement and account instruction information, resulting in near real-time updating of account information for 10X increase in accounts maintained. Annual savings estimated at $1.5M.• Implemented a "quarterback" offshore development model across Equity Middle Office Technology, realizing significant reinvestment resources.• Led cubicle and office design teams for a new campus buildout (>1000 stations), resulting in technology-wide efficiency gains and improvements in morale from more productive workspace.
  • Citigroup
    Senior Vice President/Department Manager – Global Equity Technology
    Citigroup 2001 - 2003
    New York, New York, Us
    Managed Equity Middle Office technology group, including trade completion, booking, confirmation and alternative commission/soft dollar systems. Responsible for a $15M budget and 75 global staff.• Began build-out of a global equity customer allocation and trade booking automation platform, which increased electronic allocation automation from 30% to low 90's. • Oversaw complete redevelopment of Soft Dollar System, resulting in annual efficiency gains and increased revenue attributed to the desk.• Managed a program spanning Global Equity Technology that improved front-to-back transaction processing and stability, resulting in dramatic performance and stability improvements in less than six months.• Selected as Equity Technology Information Security Officer, in addition to development management responsibilities, leading to resolution of all open internal audit issues and highly satisfactory ratings on subsequent audits.
  • Salomon Smith Barney/Citigroup
    Vice President/Area Manager - Position And Firm P&L Systems
    Salomon Smith Barney/Citigroup 1997 - 2000
    Led development of Capital Markets-wide firm-based position and P&L calculation and reporting systems. Managed a group of 25 developers and a $5M budget. Assigned by senior management to simultaneously lead Financial Systems European Monetary Union, Year 2000, and Disaster Recovery initiatives for 125 person division in addition to development group responsibilities. Interfaced with senior management in Controllers, Treasury, Tax, Equities, Fixed Income, and Commodities business units regarding development projects and client service.• Designed and implemented an On-Line Interest system, enabling web-based drilldown and analysis and management of month-end interest allocation, and automating 6 person-days of work per month (3 days during month-end close).• Developed a Quality Control process and supporting application for the division’s software development (SDLC) process, which was subsequently used as basis for Capital Markets SDLC.• Led the analysis of Salomon Brothers and Smith Barney P&L systems and Combined P&L Reporting projects, as part of Salomon Brothers acquisition.• Led a review of nightly batch processing, which led to a 50% reduction in processing time for a critical-path P&L system.• Managed multiple budget reductions through system and team consolidations, without any negative impact to client service levels.
  • Salomon Smith Barney
    Assistant Vice President/Project Manager – Firm Trading, Interest, And P&L Reporting
    Salomon Smith Barney 1994 - 1997
    Developed and executed project plans, scheduled projects and assignments and managed the annual budget process. Key participant in integration of Shearson and Smith Barney interest and P&L systems. Managed a group of 9 staff.• Successfully implemented the Interest Allocation System, automating a manual month-end accounting processes and saving 1.5 person-days per month-end closing cycle.• Managed development of a month-end reconciliation system between General Ledger and daily P&L Management Reporting System, saving 3 person-days during month-end closing cycle.• Designed, developed, and implemented a client-server Profit and Loss and Position Management Reporting System, significantly improving the quality of daily trading planning meetings and senior management visibility into start-of-day P&L and position risk across capital markets.
  • Enertec
    Asst Director Of Software Development
    Enertec 1991 - 1994
    Developed functional designs, scheduled projects and assignments, and oversaw implementations. Involved in long-range planning for firm’s future software releases. Managed a group of 9 staff.• Designed and implemented operational control monitoring improvements, ensuring application compliance with uptime management regulations.• Provided on-site hardware and software implementation, customer support, and training for clients across the country. Recognized by management for superior client service.

Michael Palmer Skills

Capital Markets Middle Office Risk Management Fixed Income Equities Vendor Management Business Analysis Strategy Sdlc Mergers And Acquisitions Financial Services Trading Systems It Strategy Investment Banking Integration Program Management Analysis Finance Investments Back Office Banking Software Development Life Cycle

Michael Palmer Education Details

  • The Wharton School
    The Wharton School
    Finance
  • University Of Pennsylvania
    University Of Pennsylvania
    Systems Engineering
  • Southern Regional High School
    Southern Regional High School

Frequently Asked Questions about Michael Palmer

What company does Michael Palmer work for?

Michael Palmer works for Rbc

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

Michael Palmer's current role is US Chief Information Officer at RBC.

What is Michael Palmer's email address?

Michael Palmer's email address is mi****@****ccm.com

What is Michael Palmer's direct phone number?

Michael Palmer's direct phone number is +151843*****

What schools did Michael Palmer attend?

Michael Palmer attended The Wharton School, University Of Pennsylvania, Southern Regional High School.

What skills is Michael Palmer known for?

Michael Palmer has skills like Capital Markets, Middle Office, Risk Management, Fixed Income, Equities, Vendor Management, Business Analysis, Strategy, Sdlc, Mergers And Acquisitions, Financial Services, Trading Systems.

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