Project /Program Management / Capital Market Products / Full Trade Life Cycle / Trading / Big 4
 Created and managed the Project Manager and the Business Analyst groups in support of front office trading desks (17
 Developed code to automate recording of FX activities overseas, and worked closely to IT to integrate programs with
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Published on: Mar 4, 2016

Transcripts - previtalir_universalresume_032915_PM_FO

  • 1. RITA E. PREVITALI Project /Program Management / Capital Market Products / Full Trade Life Cycle / Trading / Big 4 Consultant / Dodd-Frank / BASEL III Financial professional with extensive accomplishments in project/ program management within the capital markets industry. Financial products extensive knowledge coupled with familiarity with evolving regulatory dynamics. Leverage experience from Big-Four firms to formulate and implement improvements in front-to-back processes to help financial and investment banking industry clients adapt and comply with the regulatory framework.  Uniquely positioned to guarantee project delivery within time and budget by applying PM techniques, strong communications and organizational skills, systems knowledge, and a keen understanding of project dynamics.  Strong project management supporting front office trading, middle/ back office, and risk systems through managing systems implementation / integration, and application development.  Expert knowledge of capital market products, FX, derivatives (interest rate swaps, FX options, and other OTC derivatives), fixed income, repos, and equities. Familiarity with investment banking activities (client / counterparty credit management, underwriting, and syndication).  Successful at interacting with business (FO, MO, BO, risk management, regulatory compliance, and legal) as well as IT (data management, developers, system integration, efficiency improvement).  Current in Dodd-Frank (Volcker Rule, regulation of swap markets, CCAR) and in Basel III framework. Regularly attend seminars / forums keeping abreast of new guidelines and developments.  Excellent communication with senior management, maintaining project transparency, and negotiating complex project decisions to improve cost / benefit outputs  Ability to assemble, lead, and integrate the work of multiple domestic and international teams into cohesive high- performance groups. Experience managing diverse and relatively large groups of PMs, BAs, and/or associates. CAREER HISTORY Associate Director, Royal Bank of Canada, RBC, Oct 2013 - Present  Work in close collaboration with corporate and investment banks’ front office to improve their operational process in relation to client / counterparty credit analysis, origination, underwriting, and syndication.  Identify emerging risks in light of an evolving regulatory environment that could negatively affect the business. Coordinate with LOB heads to implement mitigation / improvement strategies.  Member of the New Business Committee, analyze prospective business / product implementation, advising on alternative system / application selection and ensuring adequate capture and flow of data into firm’s systems to guarantee completeness for regulatory reporting. Consultant Roles– Project Management October 2009 – Sept 2013  Deutsche Bank, Volcker Rule, Dodd-Frank Project - Interfaced with business units, operations, legal, and compliance, within a global scope while producing BRD for one of the 7 metrics mandated by the Volcker Rule.  Bank of America, Dodd-Frank Project – Applied sound project management principles to the development of a front office application, ensuring that logic specifications were clearly stated for calculation of VaR and required initial and variation margins for the DF-eligible products trading portfolio. Established QA protocol to test application prior to UAT and implementation of each phase, while applying the Agile cycle development methodology.  Financial Services, Projects, Technology, and Risk, LLC. Managing Member - Independent Sub-Contractor New York, NY, Dodd-Frank Act - Worked to obtain sub-contract as PM for the Dodd-Frank regulatory oversight with government agencies, SEC, FDIC, OCC, CFPB, and CFTC. Interfaced with agencies’ project leads, reviewed requirements, and made presentations for potential projects; attended regulatory agency workshops and forums focused on rule determination and clarifications of new regulatory frameworks.  Nomura Securities - Managed several projects simultaneously, applying full SDLC methodologies (Waterfall). Collaborated in new OTC product (Repo) front office platform conversion, managing complimentary projects and automating S-T-P for American and Foreign collateral; automated S-T-P with vendors for Triparty contracts and with Euroclear to support foreign collateral in close partnership with IT overseas. Implemented project transparency increasing business confidence in support groups and improving delivery efficiency. Director, Société Genérale, Global Brokerage, Equity Derivatives Division 2007 - 2008
  • 2.  Created and managed the Project Manager and the Business Analyst groups in support of front office trading desks (17 Equity derivatives, OTC, and Structured Products desks). Liaised with the IT group. Responsible for staff of 21.  Supervised projects such as on-boarding / integration of acquired trading systems, trading data transfer improvement, interface with downstream systems, and data standardization.  Submitted periodic status reports to senior management that included progress, staff utilization, deadline management, risk analysis, and change management.  Successfully integrated a diverse staff group, PMs and BAs, managing groups’ synergies, achieving effective collaboration between members, and eliciting individuals’ innovative ideas and initiatives.  Developed and standardized the project management structure, ensuring project delivery within time and budget. Oversaw all projects in division.  Managed Operational Risk for US Equity Derivatives division. Determined and applied integrated risk control framework throughout the division. Member of Americas Operational Risk Control Committee -Reported risk monitoring to Executive Risk Control Committee.  Advised middle office on conducting their own mark-to-market valuations for futures portfolio, utilizing counterparties’ valuations for comparison purposes to improve their market risk management practice.  Coordinating activities with Headquarters overseas, designed process to assess front office and operations risks and control gaps, identifying mitigating strategies, and establishing processes for control evaluation.  Directed analysis and documentation of operational processes, systems, and data flows. Introduced process tracking tools. Manager, PricewaterhouseCoopers, Advisory 2003 - 2007 Successfully managed and delivered advisory programs / projects for large foreign and domestic financial institutions, and for two domestic GSEs. Managed average 12 staff per assignment.  Managed client engagement programs including scope, budget, staff needs, determination of client’s additional needs, and reporting.  Evaluated risk management practices on trading, operations, settlement, and flow of data to financial, regulatory, and compliance reporting for fixed income, equities, FX, and OTC products repos, derivatives (CDS, rates). Advised on best practice for risk controls implementation.  Determined Basel II risk impact of trading and operational processes, as input for risk weighted average (RWA) calculations to comply with Tier 1 capital requirements.  Supported market risk research and performed independent valuations of clients’ products and portfolios BearingPoint Inc. – Now part of PWC.  Performed Basel II analysis on the Securitization business of large multinational bank to measure credit risk weighted average as input for regulatory capital requirements.  Advised repo trading desk in analyzing and selecting best suitable front office and S-T-P platform, recommending and supporting migration that allowed client bank to recover market share in regional Repo market. Project Manager Oppenheimer Funds 1998-2002 Executed comprehensive front office project management activities to support the Fixed Income, Foreign Exchange, Equities, and Commodities desks.  Co-created the project management and business analyst group, implementing a solid PM framework. Effectively liaised between traders, portfolio managers and IT management /developers improving delivery of applications, system enhancements, migration efforts, and analytical reports.  Managed projects ranging from application development, creation of research data portal, creation of web user interfaces, and generation of analytical reports.  Improved accessibility of critical Market Risk data input (duration, convexity, yields) to front office by managing securities valuation feeding systems and securities issue/ issuer information updates. Other Prior experience Derivatives Manager, Project Manager, Reuters LLC. FI Data Division. Stamford, CT.  Presided over the derivatives department and managed numerous international fixed income projects. Supervised a team of 23 international analysts.  Retained a $58MM annual revenue client by spearheading project aiming to research data and integrate critical fixed income derivatives, from exchanges worldwide, into the client application interface (OMS system). AVP/Treasurer, James Capel Inc., a brokerage firm. New York, NY.  Head foreign exchange, OTC FX and Repo trader in all major world currencies, accomplishing 35% revenue increase.
  • 3.  Developed code to automate recording of FX activities overseas, and worked closely to IT to integrate programs with reporting systems FX Derivatives Financial Control Manager, Citibank, NA. New York, NY.  Financial Controller and Operations Manager for a $700 million portfolio of major foreign exchange currencies, and FX derivative products traded by the Latin American subsidiaries.  Supported front office FX OTC derivatives (options, futures, forwards, and interest rate swaps) for five years, including settlement and financial / regulatory reporting.  Produced M-T-M market daily prices, utilizing a Black-Scholes FX variation model for OTC options, and market price observation for other products. EDUCATION Risk Management Certification, Columbia University Jan - June, 2011 Disciplines covered included market, credit, operational risk management, and enterprise governance principles. Dodd-Frank regulations and Basel III framework extensively reviewed. Volcker Rule “Final Guidelines” – Implementation Risks. – Seminar, NY, NY – February 2015 Exotic Options as Tools for Risk Management Certificate, Carnegie Mellon University, 1996 MBA and a MIM, Thunderbird, American Graduate School of International Management, with a BA in Finance and Marketing from the Universidad J. Tadeo-Lozano (Colombia). Publications: Operational Risk Control: ‘Société Générale and Other Well Known Cases’ – Journal of Securities Operations and Custody, February 2009. Letter to the Editor, Wall Street Journal, in relation to the London Whale case. Sept 30, 2013. Co-authored and submitted White Paper to the Department of Homeland Security -- Technology Research: Detection, Prevention, Mitigation, and Remediation In The Face Of Financial Cyber Terrorism – Leveraging Concepts from Wall Street - Speak Spanish fluently. SELECTED ACCOMPLISHMENTS  Chairman’s Award for High Quality and Excellence in Client Support – PwC, 2006. Skills Summary  Capital Mkt. Products: Fixed income, FX, Equities, Structured Products, OTC and ET Derivatives.  Desktop/Other: MS Project, PowerPoint, Visio, Access, Yield Book, SunGard, SharePoint, Jira.  Trading Systems: Bloomberg, Reuters, Charles River, Anvil, Apex/Martini, FX trading systems.  Development: SDLC methodologies Waterfall and Agile.

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