Thomas Sodano Email & Phone Number

New York, Ny, Us

Greater New York City Area

The chronology of my 25+years tenure with U.S. Trust/BoA Private Wealth Management entailed numerous acquisitions and promotions, which initiated with Charles Schwab & Co., Inc. where I began as Investment Specialist (11/1993 – 11/1995) and progressed to Regional Implementation Manager (11/1995 – 11/1999). I was subsequently promoted to Senior Implementation Consultant for the Eastern Division (11/1999 – 01/2002) when Charles Schwab & Co., Inc. acquired U.S. Trust in 05/2000.I then served with U.S. Trust from 01/2002 – 03/20011 in several roles, including Vice President for National Business Integration (01/2002 – 01/2004) followed by Senior Vice President in Client Data Office (01/2002 – 07/2007) when U.S. Trust was purchased by Bank of America 03/2007. Four months later, I was promoted to Senior Vice President/ Project Management Executive for Client & Business Management (07/2007 – 03/2011). In March of 2011, I became a Managing Director and Business Strategy & Initiative Executive for Private Bank/BOA Private Wealth Management until assuming my present position of Business Enablement Executive/Bank of America Private Bank role in June of 2020.

New York City Metropolitan Area

In the role of Business Enablement Executive for Bank of America Private Bank, I deliver insight and guidance in the development/management and coordination of strategic operations, critical business processes, and client services with accountabilities that include:Implementing business/strategic planning processes across the sub-lines of business.Managing strategic reviews by senior leadership and driving critical strategic initiatives. Leading the digitization efforts that support money movement for Private Bank.Designing/developing/executing and continuously improving LOB reporting and dashboards.Aligning with the department managers to review changes and gather feedback to promote strategies and teams to operationalize services and support I also serve as:Regulatory Compliance business lead when defining the impact of money movement/ currency changes in regulations triggered by Federal Deposit Insurance Corporation (FDIC)/Consumer Financial Protection Bureau (CFPB)/Code of Federal Regulators (CFR) for Fiduciary Activities and Currency Policy.Money Movement business lead – for Private Bank Investment Management & Trust/Banking and Credit.

Greater New York City Area

As Managing Director/Business Strategy & Initiative Executive, I spearhead the creation and strategic direction for diverse critical client servicing platforms for Investment Management & Trust (IMT)/Banking/Lending/Credit Card and Brokerage. I report directly to the office of Chief Operating Officer (COO). I also serve as:Regulatory Compliance business lead when defining the impact of money movement/currency changes in regulations triggered by Federal Deposit Insurance Corporation (FDIC)/Consumer Financial Protection Bureau (CFPB)/Code of Federal Regulators (CFR) for Fiduciary Activities and Currency Policy.Money Movement / Client Authentication business lead within Private Bank for the Investment Management & Trust/Banking and Credit. Manage largest Private Banking money movement platform in industry. Business Transformation Group - Project Management lead for strategic Global Wealth Investment Management (GWIM) and Private Bank Initiatives, including Simplify and Improve/ Operational Excellence, OpEx 2020, Integrated Investment Platform, Trust Modernization and GWIM Digital Strategy. Chair of Money Movement Forum/Dashboard and Client Relationship Workstation.Member of US Wire Governance Committee, Wire Transfer Oversight Committee/Service Network Governance /Dodd-Frank Regulatory Governance Committee/LexisNexis Governance Committee, Council of Digital Natives and KYC Steering Committee. Additionally, I:Am accountable for the overall management of 12 client team facing applications.Execute the strategic planning process across sub-lines of business and drive execution of key initiatives.Pilot reporting/analytical efforts, analytics to screen potential acquisition targets, business development process, as well as design/development/execution, and continuous improvement of reporting/ dashboards.Attending Year 2 of Wharton SII Program in 2020.

Greater New York City Area

In this role, I was tasked with defining and implementing future U.S. Trust service models, including formation of new positions to support strategic initiatives, which included creating a new middle office (Centralized Client Services) to consolidate department/resources following U.S. Trust’s acquisition of State Street Private Asset Management to drive revenue.

Greater New York City Area

During my 5-years in this position, I directed the coordination for all business and technical requirements, system release scheduling, budget and new functionality requests for organization’s Siebel CRM solution, as well as asset management account opening/maintenance and fee system. Furthermore, I:Designed and implemented short- and long-term integration strategies for the U.S. Trust/Bank of America transition.Reviewed and incorporated Chief Data Officer’s strategic data architecture plan.Served as business lead for the entire client onboarding/account opening and maintenance processes. Headed the Change Management Council responsible for project deployment schedule and communication plans for client-facing and escalation of issues, nationwide.