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Wall Street IT Executive with global expertise in managing complex IT shared services, outsourcing engagements and supplier management functions. Specific technical and business knowledge of application management, infrastructure service delivery for large scale trading and securities organizations. Specializing in “turn around situations” for high risk and transformation programs, enterprise distributed technology infrastructure platforms, application development and enterprise outsourcing / right-shoring engagements.Expertise: Large Account Management, Client Relationship Management, Outsourcing and Vendor/Supplier Management, Contract Development and Execution, Business Development, Application and Infrastructure Management, Technical Operations, Financial Management, IT and Third Party Risk Mgt.
Retired
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RetiredRetired Jul 2024 - PresentUnited StatesThanking all the terrific people who I had the pleasure of working with over the past 40 years and the excellent managers who supported and coached me during my career.
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Director - Risk And ControlsCiti Jan 2020 - Jul 2024New York City Metropolitan AreaResponsible for Third Party, Inter-Affiliate and Cross Border Risk and Controls for Citi's technology Infrastructure division. -
Sr. Vice PresidentCiti May 2013 - Jan 2020Greater New York City AreaResponsible to optimize the value of CITI’s $1B+ application maintenance and support portfolio for Citi’s most critical Professional Services providers. Developed a Global Supplier Strategy for Citi’s Core Infrastructure group composed of $300MM annual spend across 300 supplier and 7000 resources. Initiated the concept and execution of the Supplier Utility functions though strategic sourcing alignment, improved contracting terms and pricing, service levels management and supplier governance framework. Architected e2e supplier work processes for supplier analytics reporting, third party vendor controls oversight and risk management enabling both savings and service improviements -
Sr Vice President Strategic SourcingCiti Nov 2011 - Jan 2020Wall Street -
Client Engagement Management Banking And SecuritiesWipro Technologies Nov 2010 - Nov 2011Jpmorgan Client ExecGlobal Account Executive working with client's C-suite to cultivate relationships and re-position Wipro as critical provider and enabling Wipro to achieve a preferred supplier status that had not been previously attained by other leadership. Globally responsible to expand the JPMorgan account by leveraging Wipro’s strategic capabilities across application management & development, BPO, infrastructure and financial services solutions. This engagement included the management of a sales force and 325+ delivery and solution staff providing on-shore, near shore and off-shore services. -
Vice PresidentCgi Apr 2009 - Nov 2010Capital Market Account Manager responsible to develop and lead CGI’s new Capital Markets practice and the $35MM Global Account for Barclays Capital. Managing a staff of 175 outsourced developers and IT support functions required divest the Lehman’s defunct estate to their respective court appointed receivers. -Acted as Barclay’s primary agent to commercialize and monetize Lehman Bros. intellectual property. -Created new business services that extended CGI’s Financial Services solutions to new clients.-Managed and Developed Sales Pipeline-Developed detailed account plans to enable CGI to acquire new businesses and clients -
Sr. Vice PresidentJpmorgan Chase Apr 2007 - Apr 2009JPMChase Home Lending Infrastructure and Info Risk Management - Acting division iCTO reporting to the COO of the Home Lending business, accountable for infrastructure services and IT Risk Mgt. Managing a budget of $22MM, and 170 staff supporting: IT Risk Mgt. Production Operations & Assurance, Program Mgt. Application Support, Access Admin., IT P&L Mgt. of $190MM supporting 20,000 users, 1,100 servers, and 160 applications. -Gained operating efficiencies and lowered expenses by 20% during periods of growth through Data Center Consolidation, Virtualization, Automation and Globalization. -Developed a 24x7 captive Offshore capability in Manila for technical / application support netting $1M in annualized saves. -improved application stability through rigorous architecture and capacity reviews improving system availability to 99.99%-Implemented TCO models to provide businesses with full transparency of IT costs.-Extensively leveraged metrics and SLA’s to benchmark and improve the quality of service.-Transition Management of WaMu merger ensuring deliverables were executed in line with objectives.-Minimized IT and Supplier Risk through regimented control programs (SOX, personal ID, application assessments, audit reviews, external provider risk assessments and met quarterly with governmental regulators).-Reduced unplanned staff attrition to less then 5% annually and improved employee satisfaction to more than 80%. -
Vice PresidentJpmorgan Chase Jan 2004 - Apr 2007Infrastructure and Information Risk Program Manager - Requested by the Investment Bank’s CIO to jump start one of the firm’s largest and critical application investments to develop an ETL based Risk Management System that was not meeting performance objectives. As the End to End Program Manager of this $28MM initiative the team successfully delivered this program exceeding management expectations and resulting in favorable reviews by Sr. Business Executives as the “Turn Around Program of the Year”.-Rapidly attained domain knowledge in data transformation, data warehousing, ETL processing.-Streamlined the SDLC to incorporate a whirlpool process and shorten delivery cycle time.-Motivated and energized a team of professionals by introducing Innovation forums.-Developed and led the detailed project planning for 90 on-shore and offshore resources including Developers, Testers, Project Managers and Business Analysts. -
VpJpmorgan Chase 2002 - Apr 2007Infrastructure Management, Program Mgt, and Application Development Program Leadership -
DirectorCsc 1996 - 2002Global Services Infrastructure Delivery Management - UK -
DirectorCsc Pinnacle Alliance 1996 - 2002New York, LondonInfrastructure Service Delivery Manager - Investment Bank - NY - CSC was the primary contractor in a 7 year, multi billion dollar outsourcing arrangement with JPMorgan Chase. As a U.S. expatriate in London leading Global Technology Service Management for JPMorgan’s core trading businesses, responsible for a $100MM revenue stream and 250 staff required to deliver IT services to the JPMorgan Account of 16,000 clients.-Developed IT strategies aligned with business demand.-Increased annual revenues by 8% and Improved profit margins by 20% during difficult financial periods. -Created Leadership and Organizational Vision improving delivery capability and the overall client relationship.-Developed new business opportunities and further developed services to gain an additional $40MM of revenues.-Turned around extremely unfavorable client relationship by improving quality of service and accountability.-Created new business models that gained efficiencies across the entire organization saving $2.0mm annually.-Delivered a critical tech refresh program worth $13 MM also achieving the majority of the client’s Y2K compliance.-Developed strategic initiatives with clients to provide rapid deployment of new branches worldwide enabling the business to quickly capitalize on new market opportunities. -
Vice PresidentJpmorgan 1994 - 1996 -
AvpMerrill Lynch 1986 - 1994 -
Ops EngStarnet 1983 - 1986
Michael Kornhaber Skills
Michael Kornhaber Education Details
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Frequently Asked Questions about Michael Kornhaber
What company does Michael Kornhaber work for?
Michael Kornhaber works for Retired
What is Michael Kornhaber's role at the current company?
Michael Kornhaber's current role is CEO@Retired.com.
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What schools did Michael Kornhaber attend?
Michael Kornhaber attended New York Institute Of Technology.
What are some of Michael Kornhaber's interests?
Michael Kornhaber has interest in Science And Technology, Economic Empowerment.
What skills is Michael Kornhaber known for?
Michael Kornhaber has skills like Vendor Management, Outsourcing, Program Management, Crm, Management, Leadership, It Strategy, Information Technology, Operations Management, Strategy, Product Management, Business Development.
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