Michael Porphirio
Fairfield,CT
Overview
5
5
years of professional experience
Work History
Assistant Vice President Treasury
Israel Discount Bank of New York
09.2024 - Current
- Manage daily cash positioning and liquidity forecasting to ensure optimal cash availability for both operational and strategic business needs, to ensure funds are readily accessible for short-term obligations and long-term investments.
- Execute short-term financing strategies and investment initiatives to maximize return on excess cash, while minimizing risk exposure, and ensuring alignment with company policies on investment types and risk tolerance.
- Led the integration of new Treasury software tools for enhanced forecasting, reporting, and risk analysis, streamlining processes, improving data accuracy, and enabling more proactive management of financial risks.
- Analyzed and optimized bank fee structures, conducting regular reviews of banking relationships to identify opportunities for reducing fees and improving service offerings, resulting in cost reductions and more efficient treasury operations.
Treasury Analyst
Warburg Pincus LLC
07.2022 - 08.2024
- Managed over 200 foreign bank accounts controlling all inflows and outflows including transactions, investments and deal related flow through foreign entities bank accounts as well as FX calls.
- Worked alongside Legal, Tax, and Accounting to provided regularly KYC Bank review of foreign accounts
- Reviewed weekly and monthly budget performance reports, ensuring departments and agencies operated within allocated budgets and investigated excessive expenses and reporting discrepancies.
- Created complex dashboards on Power BI to presented current cash balances of over 4 countries and 200 bank accounts to foreign directors
- Integrated foreign banks into internal treasury platforms to automate and streamline payments, wires and transactions
Treasury Analyst
Signature Bank
05.2021 - 07.2022
- Managed weekly liquidity coverage requirement for all banks digital related balances as well as Stablecoin balances totaling up to $12 billion.
- Support Investment Portfolio activities including analysis of corporate bonds, providing insights on debt, credit quality and revenue analysis
- Spearhead liquidity coverage ratio for all digital and clients above $250MM in deposit working with Risk Committee to execute risk management strategies involving deposit run-off
- Provide in-depth analysis of risk management, economic forecast, bank liquidity, and investment portfolio for monthly Asset and Liability Committee
- Performed stress testing scenarios on current investments as well as bank runs scenarios
- Manage bank's cash accounts including processing settlements of investment securities totaling up to $2BN monthly
Investor Relations Intern
Inspir Group
01.2021 - 05.2021
- Create ownership reports for LATAM clients, provide insights of top shareholders, top sellers and buyers as well as short interest ratio
- Produce Pre-earnings report for LATAM clients with insights on liquidity analysis, profitability ratios, growth rates, and stock valuation compared to peers
- Manage relationships between executives and sell side analyst creating over 50 analyst profiles for conferences and investor days
Financial Controller Co-Op
Henkel
01.2020 - 01.2021
- Created FTE database and budget analysis of 15 functional teams which were presented and updated monthly to heads of departments
- Collaborated with executive team in preparation of monthly functional budgets and KPI, as well as analyzing and planning for 2021 budgets
- Assisted with month end closing activities, prepared journal entries, allocation of cost and financial provision for different teams
Education
Bachelor of Science - Finance
Central Connecticut State University
New Britain, CTSkills
- Certified Treasury Professional (In Progress)
- SAP
- FactSet
- Bloomberg Terminal
- Salesforce
- Power BI
- Microsoft: Word, Excel, and Powerpoint
- Fluent in Portuguese
- Proficient in Spanish
Honors And Leadership
- Treasurer assistant at Assembly of God World Vision Ministries
- NCAA Student-Athlete, Division I Men’s Soccer
Timeline
Assistant Vice President Treasury
Israel Discount Bank of New York
09.2024 - Current
Treasury Analyst
Warburg Pincus LLC
07.2022 - 08.2024
Treasury Analyst
Signature Bank
05.2021 - 07.2022
Investor Relations Intern
Inspir Group
01.2021 - 05.2021
Financial Controller Co-Op
Henkel
01.2020 - 01.2021
Bachelor of Science - Finance
Central Connecticut State University
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