Jonathan Arvay
Summary
Finance and risk management leader with extensive experience in strategic planning and team development. Successfully managed cross-functional teams to implement liquidity strategies, driving compliance and operational enhancements while cultivating key stakeholder relationships across the organization.
Overview
20
20
years of professional experience
Work History
Director, Treasury - Liquidity Strategy
TD Bank
Remote, PA
05.2024 - Current
- Collaborated with cross-functional teams to drive compliance with banking regulations, close regulatory deliverables and mitigate regulatory scrutiny.
- Closed 5 regulatory MRA/MRIAs within the first year of joining the firm
- Drove development of 2 key systems and related reporting involving internal and external stakeholders to manage/monitor intraday liquidity, deposits and collateral for the US dollar activity
- Recruited, trained, supervised, evaluated and mentored team of multiple individuals of varying experience.
- Developed policies and procedures to ensure compliance with corporate and regulatory standards.
- Established relationships with vendors and suppliers to secure favorable terms for materials or services.
- Collaborated with senior leadership to set long-term objectives for the company.
- Developed and implemented comprehensive strategies to improve operational processes and organizational efficiency.
- Coordinated activities with other departments to expedite work, improve collaboration and drive optimization of processes.
- Prepared presentations for board meetings summarizing key developments within the firm.
- Monitored market conditions and competitor activities to inform business decisions..
- Analyzed business performance data and forecasted business results and presented findings for upper management.
Group Manager, Senior Vice President (SVP)
Bank of New York Mellon
Pittsburgh, PA
05.2022 - Current
- Build and manage a global team of subject matter experts including contingency and succession planning.
- Responsible for setting the strategic vision and tasks for the team, including resiliency, stress testing, funds transfer pricing, etc.
- Act as the Corporate Treasury contact for ad hoc requests for changes in limits and needs for additional liquidity to support increased business activities.
- Enhancement of a global application to monitor and manage intraday liquidity.
- Currently building a market leading application for the real-time monitoring (5-minute reporting delay) of global balances located at other financial institutions. Development of the application will encompass a mixture of linking institutions using cloud software or the Firm building APIs to connect across the market.
- Drive optimization of global funding and capital needs for the firm.
- Develop multiple working groups to optimize and drive efficiency of intraday liquidity.
- Interaction with executive management, regulators (such as Federal Reserve, FDIC, European Central Bank, CFTC, etc.), and external parties on management of intraday liquidity risks.
Treasury Principal, Vice President (VP)
Bank of New York Mellon
Pittsburgh, PA
02.2016 - 05.2022
- Lead liquidity efforts to optimize the Firm’s liquidity, which contributed to a reduction of more than $12 billion in liquidity requirements, generating potential annual revenue of $200 million and an annual cost savings of almost $42 million.
- Developed key models to project and stress test liquidity and cash flow needs of significantly important third party relationships that are integral in daily global banking activities of payment, clearing and settlement of cash, securities, and derivative transactions.
- Managed liquidity activities, including purchasing cash, overseeing client and Firm deposits, and monitoring securities transactions to raise cash.
- Conducted analyses, recommended and implemented processes for the Firm to optimize its daily liquidity, which includes better utilization of collateral supporting credit and reinvestment of funds and securities to drive profitability.
- Developed dashboards and other monitoring metrics used to track essential data to manage intraday liquidity.
- Developed key relationships with business unit and senior executives to recommend and drive change in processes and procedures to make the Firm more efficient, including collaboration between businesses and operations across multiple jurisdictions.
- Created a funds transfer pricing framework to charge businesses for use of liquidity.
- Developed playbooks to maintain operational and financial continuity to key third party providers during business-as-usual and in times of adverse conditions.
- Educated senior management, regulators, and outside consultants on best practices regarding liquidity.
- Participated in completing major regulatory deliverables, including the capital planning process (CCAR), Dodd-Frank Act Stress Testing (DFAST), and Recovery and Resolution Planning.
- Indirectly managed teams of up to ten junior and senior analysts across multiple jurisdictions providing feedback that is directly used in their performance evaluations.
Senior Analyst, Vice President (VP)
Bank of New York Mellon
Pittsburgh, PA
04.2014 - 02.2016
- Conducted complex financial and operational analysis of business lines and legal entities to understand key interdependencies.
- Assisted in the development of stress testing and stress testing assumptions for RRPs, which includes determining appropriate stress triggers allowing the Firm to emerge from severely adverse conditions.
- Developed models to calculate and project contingent liquidity on both an end of day and intraday basis.
- Developed continuity plans for legal entities to maintain operations in business as usual as well as adverse financial conditions.
- Identified gaps that assist in driving cooperation amongst business lines and legal entities to streamline the firm.
- Chair meetings and interact with global senior management and external influences, including preparatory meetings to manage talking points for feedback sessions with regulators.
- Drafted assigned sections of the plans for various regulators across various jurisdictions, including the UK, US and Belgium and in turn becoming a subject matter expert on various business lines and legal entities, as well as other topics, such as financial market infrastructures, intraday liquidity, and collateral management.
- The Office of Recovery and Resolution Planning (ORRP) is a project management office that serves as the firm's main point of contact for the development and ongoing maintenance of global and local Recovery and Resolution Plans (RRPs) to meet US and foreign regulatory requirements.
Senior Underwriter, Assistant Vice President (AVP)
PNC Business Credit
Pittsburgh, PA
09.2009 - 03.2014
- Underwrote approximately $497,500,000 in 2011, $269,000,000 in 2012 and $574,764,000 through in 2013 in proposed new business transactions. Resulted in several million dollars in interest and fees for PNC Business Credit.
- Conducted significant due diligence including, identifying all major and secondary credit issues; compiling history/background of the customer; compiling an operations overview; researching and writing customer, competitor, industry and vendor overviews; performing historical financial analysis, proforma cash flow projections, sensitivity, borrowing base, and collateral analysis; calculating true and adjusted EBITDA; debt covenants; and presentation of risk and mitigants.
- Independently prepared high-quality and complete credit offering memorandums for specialized and complex deal structures in multiple different industries, such as retail (both brick and mortar and online), medical, manufacturing, wholesaling, oil and gas, nutritional, etc.
- Analyzed companies for mergers and acquisitions, recapitalization, stock and ownership buyout, growth opportunities, bankruptcy emergence and simplifying business structure.
- Coordinated the receipt of and evaluated the thoroughness of collateral valuations consistent with bank and federal standards.
- Assisted with initial negotiations with potential customers including setting up loan structures, working with counsel, negotiating loan documents, and closing, which also included cross-selling of other products.
- Actively participated in the training and development of junior underwriters, including providing initial policy and systems training, accompanying new to mid-level underwriters on company/site visits, and review of underwriting reports while providing feedback/guidance.
- Market leading asset-based lender who closed over 400 transactions in the past two years and has more than $27 billion in commitments.
Senior Field Examiner, Field Examiner III, AVP
PNC Business Credit
Pittsburgh, PA
01.2006 - 09.2009
- Conducted field audits of secured lending clients and analyzed the customers’ collateral records and financial statements to determine accurate collateral values.
- Prepared audit reports and supporting work papers for review and discussion with relationship managers and representative loan committees. Such reports are utilized by various groups within Business Credit to analyze a customer’s credit condition and collateral reporting accuracy.
- Liaised between relationship manager and client, providing recommendations for enhancing collateral control and reporting procedures, improving compliance and accuracy.
Education
Bachelor of Science - Business Administration – Major in Accounting
University of Pittsburgh
Pittsburgh, PA12-2005
Bachelor of Science - Business Administration – Major in Finance
John Carroll University
University Heights, OH05-2004
Skills
- Treasury Management
- Liquidity & Financial Forecasting, Modeling and Stress Testing
- Cash Flow Analysis & Forecasting
- Liquidity management
- Financial Analysis
- Risk Management
- Regulatory compliance
- Strategic planning
- Policy development
- Financial modeling
- Project Management / Oversight
- Contingency planning
- Change management
- Analytical thinking
- Team leadership
Accomplishments
- Omega Performance Corporate Credit Training, 2008
- BNY Mellon Financership Development Program, 2015
- CEO WOW! Leadership Award, 2025 -- Celebrates star performers across the US bank who achieve outstanding results and inspire others to reach their potential; awarded to ~1% of US staff annually.
- Vision in Action Award, 2025 -- Once-in a career accomplishment representing the top 0.001% of employees for delivering exceptional results in support of TD's strategic vision.
Timeline
Director, Treasury - Liquidity Strategy
TD Bank
05.2024 - Current
Group Manager, Senior Vice President (SVP)
Bank of New York Mellon
05.2022 - Current
Treasury Principal, Vice President (VP)
Bank of New York Mellon
02.2016 - 05.2022
Senior Analyst, Vice President (VP)
Bank of New York Mellon
04.2014 - 02.2016
Senior Underwriter, Assistant Vice President (AVP)
PNC Business Credit
09.2009 - 03.2014
Senior Field Examiner, Field Examiner III, AVP
PNC Business Credit
01.2006 - 09.2009
Bachelor of Science - Business Administration – Major in Accounting
University of Pittsburgh
Bachelor of Science - Business Administration – Major in Finance
John Carroll University