Requested by CFO to revamp the process by which funding costs are assigned to all Businesses, covering over 300 Entities. • Pinpointed weaknesses of current funding process which was causing over $250 million of unallocated interest.• Developed methodology based upon capital usage to allocate excess interest expense.• Solicited support of key stakeholders (Treasury / Front Office / Finance) throughout the Bank. • Resolving the unallocated interest gap required developing a fully transparent process ensuring complete balance sheet coverage. Solution involved detangling the current funding process from both an IT perspective (e.g. mapping tables, exception processing) as well as a trade capture perspective (front to back processing).

Transferred to the Head Office in Germany to strengthen the internal control environment by assuming responsibility for global quality assurance across all reporting regions, processes, products and data elements used in credit reporting and risk calculations (e.g. Economic Capital, Risk Weighted Assets, General Value Adjustments.) • Built and managed team consisting of 16 individuals. • Established a formal reconciliation process between risk and the financials including standard break templates and a global break methodology approved by external auditors (KPMG) and Regulators (BAFIN). • Developed and implemented a comprehensive, standardized, bank-wide quality assurance framework which quantified data quality issues (exposure, collateral, limits, ratings etc.) into meaningful statistics where data quality could be monitored and improved (included Problem Loans, Banking Book Collateral and Specific Loan Loss Provisions.) • Rolled out a new General Value Adjustment process across all entities moving away from a general high level calculation of GVA to using expected loss based off transaction level risk data. Data and process highly scrutinized as the new GVA process was the first time risk data impacted P&L. • Created and implemented formalized roles and responsibilities (QA Standards) across Departments which clearly outlined data owners as well as specific data processing and reporting task. • Established validation process by which banking book collateral was signed-off for use in credit risk calculations. Removed work-arounds, defaults and exception processes implementing pragmatic, standardized solutions. • Implemented a global quality assurance framework designed to improve completeness and accuracy of Operational loss data ensuring compliance with BALII advanced measurement approach (AMA).• Responsible for ensuring compliance with SOX requirements across risk types (Credit, Liquidity, and Operational).

Established Department tasked with the goal of sourcing data feeds utilized in credit risk calculations. Managed team consisting of 12 individuals.• The building of the Credit Risk Regulatory database required assessing the current reporting / IT infrastructure to best determine the most effective manner of capturing and reporting all applicable data elements from source systems. • Establishing new risk feeds required sourcing many different data attributes including exposures, facilities, collateral, cpty static data, netting agreements etc.• Solicited input and obtained “buy in” of outside departments as credit calculations required data elements maintained in separate departments throughout the bank. • Ensured all source system feeds reconciled to the Financials.

Responsible for the Bank's compliance with the Federal Deposit Insurance Company Improvement Act (FDICIA)• Developed implementation strategy following the COSO framework to document, capture, refine, and clearly present the bank’s mutual fund / custody control environment to senior management.• Identified bank-wide control deficiencies and implemented corrective action.

Responsible for all front and back office issues affecting an $800 million distressed debt portfolio.

Handled daily and month-end firm cost of carry responsibilities, including managing staff of three

Calculated quarterly investment expense projections based upon asset ownership and administrative costs.