ALBERT BARBIERI
Summary
Dynamic executive leader with a robust background in operations management and strategic planning, consistently exceeding business objectives. Expertise in human resources and business management delivers impactful results across various sectors. Renowned for strategic leadership and corporate governance skills, effectively driving growth in complex, highly regulated environments. Key strengths include decision-making, team building, and financial acumen, with a proven history of crafting strategies that enhance organizational cohesion, performance, and profitability.
Overview
46
46
years of professional experience
Work History
President and Chief Operating Officer
U.S.Fintech Formerly Common Securitization Solutions
Bethesda, MD
01.2017 - 12.2023
- Spearheaded successful industry launch of single security initiative (UMBS) for Fannie Mae, Freddie Mac, and FHFA.
- Engaged with cross-functional teams to drive improvements in product offerings and service quality.
- Spearheaded strategic initiatives that drove growth and innovation within financial technologies.
- Achieved seamless production operations and elevated client engagement through effective management. Drove crisis management initiatives and improved IT platform functionality. Delivered successful project management and innovative product development outcomes.
- Managed securities processing operations to ensure timely and accurate transactions exceeding $200 billion each month.
- Administered timely disbursement of investor payments on 1.1 million securities, ensuring compliance with obligations related to 31 million loans valued at $6.5 trillion in unpaid principal balances.
- Engaged in strategic discussions and decision-making at board level.
Senior Vice President, Capital Markets Operations
Fannie Mae
Washington, DC
12.2009 - 01.2017
- Managed nine direct reports and oversaw 100+ staff in trade confirmation, collateral management, and securities settlement across multiple financial products.
- Directed cash management forecasting enterprise-wide, maintaining bank relationships with monthly transaction volumes over $1.5 trillion.
- Coordinated SOX 404 FRC documentation efforts within Treasurer's Office to ensure compliance and mitigate associated risks.
- Designed and implemented human capital strategy plans as lead representative for multi-site contingency operations.
- Implemented Collateral Management System for derivative margin collateral, streamlining operational efficiency.
- Contributed to development of Operations Risk Management framework utilized in risk control self-assessment processes.
- Led project recommending processing alternatives regarding Federal Reserve Board Payment Systems Risk Policy on Daylight Overdraft.
- Represented Fannie Mae in Federal Reserve special working group to develop market solutions for continuous liquidity.
VP Securities Trading Operations
Fannie Mae
Washington, DC
05.1996 - 09.2009
- Managed MBS security processing, enhancing support for Portfolio Management and Capital Markets.
- Executed trade entries, financed transactions, issued derivatives, and settled securities.
- Led cross-functional team in comprehensive process review, identifying system enhancement needs.
- Developed controls that minimized fails and reduced negative carry costs.
- Implemented EPN, CMO Collateral, ProfitS, DTCC, and STAMPS Clearance systems.
- Oversaw annual business recovery exercise as department leader, ensuring operational continuity.
- Represented Fannie Mae at Bond Market Association roundtable on Y2K preparedness.
- Coached divisions on Balanced Scorecard initiative to improve performance metrics.
Associate Trader (REPO- Repurchase Agreements)
Chase Securities, Inc.
New York, NY
01.1994 - 05.1996
- Start up operation for the mortgage-backed REPO trading desk.
- MBS financing in excess of $5 billion daily.
- Developed reports for collateral availability, substitutions, and collateral assignments for security settlements and tri-party agreements.
- Responsible for all daily mark-to-market positions, margin calls, and associated haircuts.
- Daily trading interactions with inter dealer brokers, municipalities, agencies, internal sales and trading desks.
- Extensive interaction with vendors to develop a front-end system to facilitate transaction processing.
- Created REPO trade reconciliation reports to ensure the Chase/Chemical merger transition was implemented without issue.
Vice President, Fixed-Income Operations
Nomura Securities International, Inc.
New York, NY
02.1990 - 01.1994
- Managed the fixed income clearing and REPO trade support groups. This included mortgages, governments, money markets, whole loans, and structured deals.
- In conjunction with internal legal and compliance, implemented internal procedures regarding possession and control for all fixed-income products.
- Developed and designed all phases of bank reconciliations, which included: firm inventory, fully paid for customer securities, cash balances, and all 15C3 positions. Provided senior management with daily status reports on all trial balance positions.
- Created a cost analysis report to determine the feasibility of moving the clearing business to another agent. This included negotiating fees based on volume discounts and financing requirements.
Assistant Vice President, Fixed-Income Operations
Nomura Securities International, Inc.
New York, NY
05.1987 - 02.1990
- Start up operations for new entrant into the MBS market.
- Established clearing relationships with depository institutions for all mortgage products.
- Implemented procedures for mortgage repo support and trade entry.
- Heavy interaction with systems to establish clearing links, designed the auto-matching reconciliation reports, instrumental in designing the functionality for insourcing PTC clearing activity with a cost savings of over $780,000 annually.
- Extensive interaction with mortgage finance, trading desks, compliance, accounting and internal audit.
Manager, Fixed Income Operations
Morgan Stanley and Co.
New York, NY
09.1985 - 05.1987
- Implemented procedures to facilitate structured deal closings.
- Established document flows with traders to streamline the whole loan processing from closing to vault recordation.
- Assisted the mortgage clearance and allocations groups during peak volume.
- Participated in best practice visits with the dealer community to determine system build strategy.
- Responsible for flex repo processing.
Supervisor, Fixed Income Operations
The First Boston Corporation
New York, NY
01.1981 - 09.1985
- Responsible for our MBS and whole loan settlement process, stock record balancing, and MBS REPO support.
- Project lead for conversion of MBS physical securities to Fed book entry.
- Assisted the systems team in converting to a new in-house mainframe platform.
- Responsible for all functional system requirements for trade clearance, repo support, tri-party pledging, and custodian reconciliation.
- Supported all collateral management issues in conjunction with CMO issuance, ABS, and lease-backed bonds.
- Constructed and implemented procedures review for: stock record balancing, collateral allocations for financing, and physical box counts.
Co-Proprietor
Lawn Doctor of Great Neck/Manhasset
12.1977 - 11.1980
- Responsible for projection planning, sales, and marketing.
- Managed daily operations of lawn care services and customer interactions.
- Oversaw scheduling and dispatching of lawn care technicians efficiently.
- Ensured compliance with safety regulations during service delivery.
- Built client base to 220 customers
Education
Queens College
Flushing, NYBusiness Case Review of Diverse Companies
Harvard Business School Executive Education
01-2016
Academic Diploma -
Christ the King, H.S.
Queens, NY06.1977
Skills
- Certified Treasury Professional (CTP)
- Bloomberg
- Microsoft Office
- Registered Representative license Series 7 (expired)
- Registered Representative license Series 63 (expired)
Affiliations
- Former active participant in SIFMA's Mortgage-Backed Operations Committee.
- Former member of the Federal Reserve Banks' Wholesale Product Office Customer Advisory Group.
- Member of the Association for Financial Professionals.
Timeline
President and Chief Operating Officer
U.S.Fintech Formerly Common Securitization Solutions
01.2017 - 12.2023
Senior Vice President, Capital Markets Operations
Fannie Mae
12.2009 - 01.2017
VP Securities Trading Operations
Fannie Mae
05.1996 - 09.2009
Associate Trader (REPO- Repurchase Agreements)
Chase Securities, Inc.
01.1994 - 05.1996
Vice President, Fixed-Income Operations
Nomura Securities International, Inc.
02.1990 - 01.1994
Assistant Vice President, Fixed-Income Operations
Nomura Securities International, Inc.
05.1987 - 02.1990
Manager, Fixed Income Operations
Morgan Stanley and Co.
09.1985 - 05.1987
Supervisor, Fixed Income Operations
The First Boston Corporation
01.1981 - 09.1985
Co-Proprietor
Lawn Doctor of Great Neck/Manhasset
12.1977 - 11.1980
Academic Diploma -
Christ the King, H.S.
Queens College
Business Case Review of Diverse Companies
Harvard Business School Executive Education