Patrick J. Murphy Email & Phone Number

I joined the Wealth Management Group in 1/2019 as Head of First Line Risk Management and earned a promotion in 2/2020 to lead the entire Fiduciary team of ~110 members. Currently, I direct the development and management of strategic direction for fiduciary activities and risk management within the division / business lines, including Affluent Client Segment, High Net Worth, Ultra High Net Worth, Asset Management, Fiduciary and Planning, and Private Banking.I established and now maintain the Wealth Management Risk Framework, including risk management approach, risk appetite statement(s), risk pillars, governance, risk policy, metrics, monitoring and reporting, roles and responsibilities, testing and training, and ongoing assessments. I manage and oversee division-wide risk reporting and provide review, development, and enhancement of fiduciary-related policies, procedures, and business practices to ensure satisfactory regulatory examinations and audits.Highlights:* Reduced expenses by more than $1M annually while implementing proactive business risk analysis and monitoring.* Partnered with Fiduciary Management leadership team to identify systemic risk issues to resolve and enhance operations of the fiduciary administration program.* Interacted with Corporate Compliance and supported Corporate Compliance initiatives; served as division’s primary liaison with Wilmington’s multiple regulatory examiners, centralized Risk Management, and Internal Audit to facilitate information exchange.* Maintained M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.

I led a team of 34 individuals in Compliance Risk Management Governance covering risk assessment and reporting, examination and issue management, management information systems and data analytics, and training, policy, and procedure oversight. I facilitated an improvement in the bank’s Consumer Compliance Program and CAMELs rating by effectively re-engineering the Compliance Risk Management (CRM) Program to comply with all components of SR 08-8/CA 08-11. Also, I implemented a robust and comprehensive Compliance Risk Assessment framework/methodology that is quantitative and qualitative based on applicable laws, rules, regulations, products, and services offered by the bank.Highlights:* Implemented enhanced processes allowing for a reduction of FTE from 38 to 34. Played a vital role in re-engineering the entire 150-member group.* Established a team as a single point of contact with the bank’s multiple regulatory examiners (Federal Reserve Bank of New York, Consumer Financial Protection Bureau, Office of the Comptroller of the Currency, New York State Department of Finance Services) on Compliance Risk Management-related examinations.* Efficiently managed five concurrent examinations for three months, handling more than 600+ examiner requests for information with all investigations yielding a positive outcome.* Saved approximately $879K in bank FTE costs. Provided oversight and guidance on enhancements to the bank’s compliance training program, streamlining compliance training bank-wide, and reducing unnecessary burden on business units.

I established and defined a Risk Management framework, including multiple risk committees to address the various risks within the bank. These included Operational, Compliance, Credit, Financial, Market, Repetitional, and Technology Risk. I defined the roles and responsibilities for each committee, as well as the first, second, and third lines of defense.I directed activities of various internal audit teams and rapidly earned promotions from AVP to VP to Administrative VP and from Manager to Senior Manager. I facilitated the completion of multiple annual audits with 0% carryover and developed Risk-Based Audit Training for the entire department. Also, I led the development of a Risk-Based Sampling Policy.Highlights:* Re-engineered 18-member team in Wilmington, DE, to analyze the need for an onsite internal audit function after the acquisition of Wilmington Trust.* Wrote 450+ internal audit issues to address infrastructure gaps and ensure appropriate level of compliance. Earned President’s Council Award.* Ensured compliance in horizontal, bank-wide audits for BSA/AML, centralized compliance, fair lending, vendor management, privacy laws, and security.* Actively participated in acquisitions from a risk management perspective for Citibank, NA Branches, Partners Trust Financial Group, First Horizon Branches, Provident Bank Shares, Bradford Bank, K Bank, Wilmington Trust, and Hudson City Bancorp.* Facilitated global sourcing initiative that saved bank $5M annually, traveling to India to monitor off-shoring of numerous back-office operations at partners in India.* Significantly reduced paper transactions and time of checks to clear with millions of dollars in annual cost savings through bank-wide initiative that cleared 60-70% of checks via images.* Reduced cash-on-hand and in-reserve requirements $8M by researching historical trends of cash disbursements at 700+ branches in 9 states and 1,800+ ATMs.

Paris, Courbevoie, Fr

I assisted the Director of Financial Planning & Analysis in global controllership functions. These involved completing the monthly global close/consolidation, forecasting, budgeting, and operation review process, including completing the annual consolidated budget, three quarterly consolidated forecasts, and month-end global close and consolidation for presentation to the senior executive team.I established and implemented an internal audit process in global Consumer Products Services involving researching accounting treatment for new or unique transactions following GAAP and IFRS, working with external auditors and Bureau Veritas head office in Paris. Also, I participated in global fiscal issues, including taxes.Highlights:* Performed financial review, planning, budgeting, and analysis on more than 15 Far East entities within Bureau Veritas Consumer Products Services Division, generating more than 75% of the division’s $300M revenue.* Reviewed, assessed, and implemented financial internal control policies and procedures, bringing all global entities to the same standards. Traveled to Far East entities, spending extensive time in Hong Kong and Taiwan.* Conducted large-scale multidivisional and multinational financial examinations and analyses using skills in assessing, prioritizing, and completing complex assignments with appropriate consideration to deadlines, details, and quality.

Buffalo, New York, Us

I oversaw analysis of highly leveraged, growth-oriented, and financially challenged companies throughout North America and Canada, performing financial audit, analysis, and reporting for a wide range of companies with annual sales from $30M to $1B. The companies ranged from machinery and equipment manufacturing, steel and copper fabrication, plastic injection molding and mold manufacturing, retail manufacturing, and service providers.Highlights:* Established successful and continuing client relationships with top-ranking financial institutions, generating one-third of department’s annual revenue.* Managed Dopkins’s most profitable clients, earning ABL team national recognition from Commercial Finance Industry.* Played key role in developing ABL Field Examination Department, which generated greater than $3M in annual revenues and grew department from 5 to 30 staff members.* Used solution selling techniques to market additional services, negotiate the highest billing rate, attain an 85% realization rate, and establish successful and profitable client relationships with more than 45 accounts in the US and Canada.* Re-engineered Midwest operations, improving team’s chargeability by 20% while maintaining 5% growth rate and 97.9% realization rate in Canada.* Advanced from Senior Auditor to Senior Examiner to Supervisor and then Senior Manager.

Certificate, Applications Of Behavioral Leadership

M&T Senior Leadership Development Program

Bachelor Of Science - Bs, Accounting And Economics