Peter Flanagan
Greater Boston,MA
Summary
Strategic and visionary executive with over 30 years of expertise in financial services and bank holding companies. Experienced in data management, process re-engineering, governance, internal audit, risk, compliance, security, and mergers and acquisitions within large, highly regulated banks undergoing significant industry, strategic, and market changes. Proven track record of building data management and risk programs, improving control environments, and achieving cost reductions through process redesign and performance management. Skilled at collaborating with senior management, regulators, industry peers/experts, and fostering productive cross-enterprise alliances. Results-oriented professional with extensive leadership experience in high-stakes environments. Adept at strategic planning, operational optimization, and driving organizational growth. Recognized for promoting team collaboration and consistently delivering results under changing conditions. Key strengths include strategic vision and effective stakeholder management.
Overview
38
38
years of professional experience
Work History
EVP, North America Chief Data Officer
Santander
05.2022 - Current
- Chief Data officer for Santander Holding USA and Mexico focused on defining, deploying & managing organizational capabilities, processes and standards needed to implement enhanced governance and control over all Santander US and MX data assets and mitigate data risk
- To advance the maturity of the data management organization and foundational data capabilities, instituted an operating model with clear definition and delineation of roles and responsibilities relative to the first and second lines of defense
- This model enables the organization to achieve its goal of becoming a mature data management organization
- Specific Accomplishments include: Built a North America CDO management team of 250+ FTEs with deep industry experience in data management & governance as well as implemented Governance and Oversight processes, standards, and policies
- Established data owners/stewards within North America
- Defined capabilities to ensure program is sustainable and repeatable and created and chaired the Executive Data Management Committee
- Defined a BI strategy & roadmap for analytics capabilities & established a BI center of excellence to facilitate data issue management & resolution and reporting via a centralized function across entities
- Enabled data events (defects, issues & gaps) monitoring across North America P&Ls and facilitated remediation via established Technology Data Quality & IT Demand Management teams
- Identified & established key processes, procedures & tollgates to integrate with the enterprise program management lifecycle (PMLC) & IT SDLC to ensure ongoing data asset management & governance and impact assessment
Senior Vice President
Bank Rhode Island
01.2005 - 12.2010
- Responsible for leading the internal audit, operational risk (including SOX 302 & 404., RCSA, TPRM, Project Management Office and SAS 70 reviews), compliance, logical and physical security, and corporate administration (insurance, vendor and contract risk management, business continuity, pandemic planning, and crisis management) teams
- Key responsibilities include communicating with executive management and Board of Directors or designated Board Committee on internal control and Sarbanes-Oxley matters, establishing and managing a risk-based strategic audit plan, coordinating audit and risk activities with the company’s external auditors and regulators, and ensuring that risk is managed effectively and efficiently to maximize earnings and growth while mitigating unreasonable risks and potential losses
Vice President, Senior Finance Change Manager
Bank of America
01.2000 - 12.2005
- Responsible for reviewing business practices, processes and/or systems and providing comprehensive solutions to complex problems or needs
- Managed system and operational conversions and enhancements from a finance perspective on time and within budget by applying Six Sigma disciplines, processes, and tools
- Built business glossaries, data dictionaries and full lineage for all system and operational conversions
- Successfully consolidated the FleetBoston’s Commercial loan portfolio (principal balance totaling $18 billion); Global Corporate Investment Banking portfolio (principal balance totaling $7 billion); Global Commercial RE portfolio (principal balance totaling $9 billion); and Domestic trade portfolio (liabilities totaling $35 billion) into Bank of America’s operations, meeting cost and timing goals
- Designed and implemented a real-time application that automates the reconcilement reporting process for roughly 14,000 domestic and 50,000 international general ledger and internal deposit accounts monthly, eliminating paper-based monitoring mechanisms and timely notification of issues to business line and executive management, internal and external auditors, and the regulators
- Developed and created a violation detection program through analysis of automated transaction reports, review of suspicious activity details, and enforcement of controls and corporate policies
- Created and implemented defined reporting routines designed to capture 'rolling transactions' - employees that post transactions to re-age the number of days the item has been outstanding, suspicious employee and customer activities and violations of corporate policy
- Multiple violations of corporate policy, including internal fraud, were detected, saving thousands of dollars in annual expenditures
- Conducted Closing Balance Sheet reviews for major FleetBoston Financial’s acquisitions within the 30 days allotted by the Purchase Agreements, identified over $30 million in disputes, and participated in the negotiations with the sellers that resulted in the final purchase prices to be adjusted by more than $27 million
- Negotiated a multi-million-dollar servicing contract for Bank Rhode Island’s core application systems resulting in annual savings totaling roughly $300,000 and strategically negotiated over $500,000 in annual savings on replacement systems in the future
Field Examiner
Commonwealth of Massachusetts
01.1987 - 12.1992
Education
Bachelor of Science - Accounting And Finance
University of Massachusetts, Lowell
Lowell, MA06-1987
Skills
- Executive leadership
- Data governance implementation
- Data-Driven Strategies
- Data Monetization
- Data Architecture
- Stewardship
- Metadata & Lineage
- Data Quality / Remediation
- Continuous Improvement
- Regulatory Compliance
- Data Tooling
- Technology Modernization
- Operational Efficiency
- Strategic planning
- Excellent communication
- Data integration
Timeline
EVP, North America Chief Data Officer
Santander
05.2022 - Current
Senior Vice President
Bank Rhode Island
01.2005 - 12.2010
Vice President, Senior Finance Change Manager
Bank of America
01.2000 - 12.2005
Field Examiner
Commonwealth of Massachusetts
01.1987 - 12.1992
Bachelor of Science - Accounting And Finance
University of Massachusetts, Lowell
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