Overview
Work History
Education
Skills
Certification
Timeline
Generic

NEIL P. PATEL

Jersey City,NJ

Overview

19
19
years of professional experience
1
1
Certification

Work History

Project Manager

Citco Malvern Newsletter
  • Laid out key elements such as growth analysis, business offerings, management perspective, prospective outlook, social events, among others, utilized for client pitches and internal circulation
  • Merger and Integration – Co-Project Manager – collaborated with newly acquired Fund Administration firm; integrated system and process controls, expanded client base for Reporting service offerings.

Vice President

Morgan Stanley
09.2022 - Current
  • Enterprise-wide Risk Governance, Orchestrated changes as owner and oversaw implementation of Enterprise-wide Policy and Procedures across all 8 Risk Stripes and 1st and 2nd Lines of Defense (LOD) covering over 62,000 employees for Morgan Stanley Banks globally
  • Oversaw Enterprise-wide implementation of Laws Rules Regulations (LRR) as per examination by the Office of the Comptroller of the Currency (OCC) and ensure compliance by all Risk Stripes and LOD
  • Integrated network of Standard Operating Procedures and Processes to streamline management, internal and external audit and regulatory authority submissions
  • Assigned risk ratings based on qualitative and quantitative factors based on likelihood of risk trigger events and impact analysis post review and challenging of unsatisfactory due diligence as part of quality control practices
  • Lead Coordinator overseeing ERG Strategic Plan review and implementation covering all Bank-wide Risk Stripes and LOD for Bank and Board Risk Committees approval and filing
  • Review, attest and file monthly and quarterly consolidated Morgan Stanley Bank reports in scope to the NFA and CFTC, address regulatory findings with key stakeholders through resolution
  • Instituted robust suite of Key Risk and Performance Indicators (KRIs, KPIs), oversee development and implementation of Metrics and challenge metric definitions and threshold breaches slated for Senior Management review
  • Program Owner to design and implement a centralized ERG live platform online using Jive tool for Enterprise-wide access to Policies, Procedures and Training among numerous other reference materials
  • Tasked to liaise with vendors to develop and implement interactive ERG Training covering 62,000 in scope employees
  • Introduced improvements to Risk Governance processes and liaised with Senior Management to prioritize funding to enhance tooling to have risk products taxonomy in order to automate risk trend reporting and reduce labor to produce manual reporting by 10-15%.

Vice President

Bank of America
08.2019 - 08.2021
  • Global Compliance and Operational Risk, Enterprise wide program owner for Quality Assurance (QA) reviews under various disciplines; perform review analysis, validations, attestations, reports generation and presentation for senior management
  • Streamline strategic and tactical errors identified through QA reviews with remediation proposals, track action plans and monitor performance data points holistically
  • Prioritize targeted compliance and process improvements detected through analytical reviews by publishing monthly GCOR reports highlighting current and historical metrics to improve enterprise wide external and internal reporting
  • Part of External and Internal Loss Data (ELD / ILD) program owner team; perform deep dives on New Ideas initiative, for example: Root Cause Analysis, Near-Miss, Minimum Documentation, Legal Events, Linked Losses, among others
  • Prepare and distribute refreshed ELD / ILD and Standard Operating Procedures (SOP) to all banking segments
  • Create and test scripts under UAT environment on banking platforms for newly on boarded and existing processes for all banking segments
  • Prepare and publish results on thematic models under ELD / ILD program by utilizing machine learning and data mining tools to perform scenario analysis, promote better internal controls review and mitigate risk event reporting
  • Volunteered to be part of emergency COVID-19 pandemic Payment Protection Plan (PPP) relief program team by reviewing filings, analyzing validity and authorize processing of loans for small businesses across the United States.

J.P. Morgan Chase & Company
06.2017 - 10.2018
  • Corporate & Investment Bank (CIB) – Regulatory Reporting & Analysis – Vice President
  • Headed CIBs global reviews and due diligence on Treasury Internal Capital, Long Term Debt and Other Borrowed Funds in compliance with Federal Reserve Bureau (FRB) guidelines
  • Oversaw a team of 5 within United States and India, worked alongside H.R with on-boarding and orientation, career development and transition of employees, as well as ensured all H.R controls were implemented and adhered to
  • Perform Financial Planning and Analysis (FP&A) and generate commentaries on variance analysis for SEC reporting
  • Consolidated and analyzed CIB data obtained from Lines of Businesses (LOBs) for accuracy, completeness and provide presentations to Senior Management for Regulatory Reporting schedules FR Y-15, Call, and Y9C among others
  • Worked alongside First Line Units (FLUs) and Schedule Preparer teams to adhere with internal audit policies and ensure integrity of the processes in scope without any qualifications
  • Volunteered to work with data quality assurance and controls teams to perform SOX testing, implement CCAR, RCSA guidelines and ensure appropriate application by process owners
  • Oversaw strategic and tactical solutions for Issue-Errors and provide remediation plans by performing deep dives and post implementation reviews
  • Prepared Standard Operating Procedures (SOPs), performance / efficiency metrics, on-boarded new processes and introduced refreshed operational guidelines for CIB.

Financial and Regulatory Reporting Manager

Citco Fund Services
08.2008 - 03.2017
  • Oversaw preparation of financial reporting services for over 50 diverse hedge fund and private equity clients under U.S
  • Generally Accepted Accounting Principles (U.S
  • GAAP) and International Financial Reporting Standards (IFRS)
  • Managed a team between 5 – 14 individuals at various levels, administered their career development, fostered productive working relationships as well as participated in talent acquisition and retention projects with Human Resource
  • Provided quarterly and annual Form PF services to several clients as part of the Dodd-Frank Act compliance
  • Applied major accounting standards, both qualitatively and quantitatively under U.S
  • GAAP and IFRS, such as FASB ASC 740, 810, 815, 820, 850, 855, 860, IFRS 1, 2, 7, 8, 10, among others
  • Generated significant additional revenues through successful RFPs alternate ancillary services
  • Utilized engagement economics to examine and analyze budgets to further quantify on appropriate client cost benefit structure, resource allocation and other data points to build better profit models
  • Facilitated client presentations by conducting due diligence and preparing detailed process narratives and guidance summaries on accounting guidelines
  • Worked alongside various Citco offices to aid inter-office synergies and set high qualitative standards by delivering value added products to retain recurrent client business
  • Headed Citco Global Financial Reporting Initiatives and Projects:
  • Global Financial Reporting Training – Project Manager – Developed training curriculum and helped establish Financial Reporting internal control environment
  • Assessed departmental requirements and liaised with other Citco offices to integrate accounting and reporting processes to promote proficiency
  • Internal Audit – Project Manager – lead a team of 5 to perform comprehensive testing on internal controls, high risk areas and various other process audits under SOC 1 and SOC 2 guidelines for 14 Citco offices globally.

Audit Senior

Deloitte & Touche LLP
11.2005 - 05.2008
  • Responsible for oversight of field audit engagements by ensuring efficiency, assessing effectiveness of clients’ controls in accordance with SOC 1, U.S
  • GAAP and other applicable audit standards
  • Trained and supervised an audit team of 3, maintained monthly budgets based on audit and client requirements
  • Enhanced expertise utilizing Deloitte’s assurance and advisory practice tools, broadened understanding of multiple client business practices and performed substantive testing based on control reliance of the clients
  • Independently verified pricing and valuations of derivative products and investments, performed analytical procedures on client’s financial reporting to ascertain compliance with FASB guidelines
  • Reviewed 10Ks and 10Qs as part of SEC deliverables and ensured compliance with U.S
  • GAAP
  • Audited diverse group of clients overtime such as BlackRock, Merrill Lynch, Merrill Lynch Foundations, Morgan Stanley, Tyco and Ermenegildo Zegna.

Investment Accountant

PNC Global Investment Services Group
05.2004 - 10.2005
  • Managed expense budgets and consolidate fund operations for the clients by calculating and analyzing acceptable fluctuations for audit reports; execute activities for regulatory authorities for single manager and fund of funds
  • Undertook research and analysis for pricing, maintaining schedule of investor allocation and distribution of monthly performance values, develop monthly audit analysis work papers to assist in periodic preparation of financial reports, board materials and SEC documents for assigned funds
  • Executed customized weekly and monthly accounting procedures for real estate securities under several fixed income products and derivative instruments such as currency hedge and interest rate swaps
  • Established an integrated network for effective communication between auditors, clients and custodians and assist in training new accountants on Alternative Investment systems for assigned investment companies.

Education

Master of Business Administration - Finance

Thomas Jefferson University, Formerly Philadelphia University
Philadelphia, PA

Bachelor’s Degree - Commerce and Economics

H.R. College for Commerce and Economics

B.COM - Accounting/Business Management

Thomas Jefferson University
Philadelphia, PA

Skills

  • PROFICIENCY:
  • Proprietary Audit, Financial Reporting Database and Fund Accounting Systems, Bloomberg, MS Office
  • Performance Evaluations
  • Project Goals and Milestones
  • Budgeting and Forecasting
  • Project Scope Analysis
  • Staff Retention
  • Quality Assurance and Control
  • Project Planning
  • Presentations
  • Staff Training
  • Testing
  • Cross-Functional Collaboration

Certification

Harvard Business School Publishing Essentials of Management Essentials of Leadership

Timeline

Vice President

Morgan Stanley
09.2022 - Current

Vice President

Bank of America
08.2019 - 08.2021

J.P. Morgan Chase & Company
06.2017 - 10.2018

Financial and Regulatory Reporting Manager

Citco Fund Services
08.2008 - 03.2017

Audit Senior

Deloitte & Touche LLP
11.2005 - 05.2008

Investment Accountant

PNC Global Investment Services Group
05.2004 - 10.2005

Project Manager

Citco Malvern Newsletter

Master of Business Administration - Finance

Thomas Jefferson University, Formerly Philadelphia University

Bachelor’s Degree - Commerce and Economics

H.R. College for Commerce and Economics

B.COM - Accounting/Business Management

Thomas Jefferson University

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