Robert Romano, Mba Email and Phone Number
Diversely skilled Strategic Advisor and Transformational Leader merging accomplishments in a highly successful Finance and Regulatory career. Known as a turnaround specialist and problem solver providing pragmatic solutions to critical business challenges and objectives, igniting business growth and excellence. Senior Financial Analyst with experience in planning, budgeting, forecasting, reporting, and financial analysis. Expert financial leader specializing in identifying key emerging financial trends and measurement of key performance. Inspires internal stakeholders using an energetic, collaborative approach.Financial Analyst I Transformation I Change ManagementEmail: romano.mba03@gmail.comSenior Analyst excelling in monitoring and providing analysis of ongoing actual spending versus budget to ensure proper cost controls are in place and risks/opportunities are identified and communicated. Expertise in plan development and forecasting for corporate allocations, including updating methodologies, managing periodic updates, and providing variance explanations.Experienced technology and change transformation professional leading global transformation and regulatory remediation programs in a number of Investment Banks.CORE COMPETENCIESData AnalysisMonthly, quarterly, and annual Financial ReportingA/P, A/R, and ProfitabilityTraining and MentoringExecutive and Board Level stakeholder managementDeep expertise of the Finance domain including general ledger processing, regulatory reporting, controls, and dataManaged global project teams across 3 regions (>$25mm, 50+ resources)ACCOMPLISHMENTSAchieved FDIC STAR Award for developing a Liquidity Risk Management program to forecast which banking institutions will experience potential financial distress.Awarded the FDIC Mission Statement Award for reviewing and assessing risks throughout covered insured depository institutions resolution plans.Increased FDIC Insurance Fund by 2% by succeeding in a CAMELS rating challenge Implemented BASEL II and BASEL III Capital rules in Investments Banks, Broker Dealers, and Foreign Banking Organizations (FBOs)Reduced EBK capital 15% in a corporate finance project review of accounting principles to mitigate chargesCreated internal systems development for Balance Sheet and Income Statement reports linking to the Peoplesoft ERP system. Automation improved efficiency by 20%.Implemented procedures for financial institution mergers and subsequent audits.Contact me at romano.mba03@gmail.com or 516.557.1990 for any financial services opportunities
Bank Of America
View- Website:
- bankofamerica.com
- Employees:
- 250057
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Director, Global Compliance And Operational Risk, Volcker Enterprise Area Of CoverageBank Of America Mar 2024 - PresentNew York City Metropolitan AreaOversees Proprietary Trading Desks to ensure compliance with Volcker Rules stemming from Dodd-Frank• Identify, escalate, and mitigate risks in a timely manner in alignment with the Compliance Program and Volcker Policies. • Engage with Front Line Unit (FLU) and Control Function (CF) leaders globally, coordinating with other FLU and CF GCOR teams, to independently advise leaders on effectively managing risks related to their respective lines of business.• Monitors the regulatory environment to identify regulatory changes applicable to area(s) of coverage, advises business leaders on those changes, directs the appropriate areas to implement or amend policies, standards, procedures and/or processes to address regulatory requirements, and challenges the implementation plan as needed; maintains a comprehensive regulatory inventory.• Identifies, aggregates, reports, escalates, inspects and challenges remediation plans, and performs thematic analysis on FLU/CF-owned issues and control enhancements.• Reviews and challenges internal and external operational loss events, including development of remediation plans to strengthen controls, and approves where appropriate.
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Company TreasurerSeaford Fire Department Dec 2020 - PresentSeaford, New York, United StatesManages the budget for the Seaford Fire Company; includes annual fund drive, fundraising events, and expenses.• Decreased expenses by 20% by speaking with vendors, combining events, eliminating excessive spending.• Increased income by 4% by investing in short term liquid assets allowing for tax free interest for company use. • Prepared annual expense budget managing to prior year’s revenue from fund drive and sales from fundraising events.• Maintain and prepare financial statement analysis for monthly reporting to the fire district and department.• Prepared monthly bank account reconciliations, and filed annual tax document NYS CHAR500.• Compiled documents for proper presentation of all weekly and monthly journal entries for annual audit and IRS tax filing.• Managed a long-term investment account valued at $200,000, and a budget of $60,000. • Used Quickbooks Financial and FMS Software products. -
Senior Vice President (Svp)Citi May 2022 - Feb 2024New York, United StatesRegulatory Reporting and Compliance Risk Production Oversight / Change ManagementOversee Regulatory Reporting process to ensure filings are reported on time and reduce restatement of regulatory reports.Outlined business processes using Blueworks. Result from the consent order regarding issues with business flows and steps taken to achieve the desired result. Met with schedule owner analysts for each portion of the Y9-C and Call report. Diagramed process with if no or yes statements. This eventually contributed so focus on area of manual processes that we were able to automate (working with SNL for competitive analysis, schedule update/adjustment process).Developed a sign-off tracker for each schedule of the Y9C and call report. This was never done before and part of a consent order request. Designated schedule owners, reviewers, delegate owners and final sign off responsibility. Tracked schedule preparation during quarterly reporting so sign-offs were completed well before submission.Consent order requirement of reducing Management Reporting vs. Regulatory Reporting differences. Discovered $25bn in trackable differences. Some issues were due to timing and were recurring issues. But digging down on some of the larger areas there were systems classifying items differently which had to be addressed. Example: No capital charge for Citi according to Reg Reporting for transactions stating “on behalf of” but management had these items in their reports. • Reduced quarterly gaps between Management Reporting and Regulatory Reporting by $25BN• Implement procedures and models to track regulatory report preparation, review, and sign-off to satisfy consent order requirements.• Create Standard Operating Procedures to reduce restatement of the FR Y-9C and FFIEC 031 filings by adjusting the underlying schedules threshold requirements for quarter over quarter variance explanations. -
Sr. Complex Financial Institution ExaminerFederal Deposit Insurance Corporation (Fdic) Nov 2011 - May 2022New York, United States• Received Chairman's STAR award for developing an innovative risk review which assessed relative risk and predicted when firms would encounter financial distress. • Participated on Treasury Management (TM) targeted exams assessing Fraud Prevention, Transaction Processing, Receipts / Disbursements, FX Transactions, technical support, ACH, mobile / online banking administration and client service. * Supervised Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) activities, including Know Your Customer (KYC), Enhanced Due Diligence (EDD) and counterparty/vendor risk as an onsite examiner at banking institutions. Monitored activity for adherence to guidelines. Enforced policies and reviewed Key Performance Indicators (KPIs) for risk mitigation. • Reviewed resolution recovery plans to asses SIFI insolvency's impact on US financial stability and credibility of proposed solutions including business continuity and operational risk resiliency, global operations, treasury services, market risk, liquidity, and/or credit (horizontal analysis). • Operational Risk subject matter expert across large complex financial institutions that contributes risk assessment, monitoring, and reporting on risks inherent to business activities, including fiduciary, reputational, business and strategic risks. Contributes horizontal analysis of Risk Control Self-Assessment (RSCA) approaches, Key Risk Indicators (KRI) identification and reporting, Corporate Operational Risk Event notification and reporting, High level Assessments (HLAs), and operational risk policies.• Enforced Dodd-Frank (Volcker, Title I, Title II) while working in a new division. Increased FDIC insurance premiums by 2% on financial services institutions that were not adhering to federal guidelines.• Selected as a member of a Volcker Rule corporate governance task force and presented findings to FDIC Vice Chairman Hoenig, monitoring progress and compliance, asset database tracking, and non-compliant investment disposal. -
Vice PresidentBank Of America / Merrill Lynch Sep 2009 - Oct 2011Greater New York City AreaScope of Responsibility & Achievement: Delivered corporate and investment bank (CIB) and global banking and markets (GBAM) division analysis for combined Bank of America / Merrill Lynch Corporation. Conducted detailed variance analysis on income and expense items and presented to senior management each month. Supervised and mentored FP&A team in monthly close, monthly management reporting & capital management, policy, and process development. Compared actuals-forecasts-budgets for business units with trend analysis and incorporated trends and charts. Compiled monthly headcount analysis by business unit and offered ongoing support to human resources on employee attrition. Scope of Responsibility & Achievement: Oversaw risk frameworks, drove functional strategy, and led team in forecasting market risk, capital expenditures, and stress testing. Conducted meetings with business unit controllers, finance controllers, and IT staff to analyze, formulate and implement capital requirements. Managed a team during the roll out of a new capital framework for Basel II compliance used by Merrill Lynch for regulatory reporting of capital management and debt management. Created a Value At Risk (VaR) design system used by Merrill Lynch for SEC reporting of PnL against loss limit/thresholds.
Robert Romano, Mba Education Details
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Finance, General -
Finance, General
Frequently Asked Questions about Robert Romano, Mba
What company does Robert Romano, Mba work for?
Robert Romano, Mba works for Bank Of America
What is Robert Romano, Mba's role at the current company?
Robert Romano, Mba's current role is Finance Manager | Change Management | Risk & Regulatory | Data Analyst | Project Management I Budgeting & Forecasting I Resolution Plans I Growth Strategy I Transformation I Liquidity I Compliance I Treasury Management.
What schools did Robert Romano, Mba attend?
Robert Romano, Mba attended Graduate School Of Banking At Colorado, Adelphi University, New York Institute Of Technology.
Who are Robert Romano, Mba's colleagues?
Robert Romano, Mba's colleagues are Angenetta Cannon, Amelia Ward, Courtney Coakley, Mitchell Slyman, Andre Shell, Faith Arellano, Kimberly Toma, Mba.
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