Summary
Overview
Work History
Education
Skills
Websites
Community Service
Timeline
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Stephen Babich

Plainview,NY

Summary

Relationship-building financial professional with solid performance across multiple financial service disciplines. Partner with business leaders to direct, implement and drive organizational change while optimizing results. Possess excellent communications skills to establish relationships at all levels and geographic locations. Manage multiple assignments while meeting tight deadlines. Superior Interpersonal skills with strong attention to detail.

Overview

36
36
years of professional experience

Work History

Senior Vice President

BNY
New York, NY
01.2023 - Current
  • Provide global financial leadership and insight as CFO of the Corporate Trust Conventional Trust Platform. Trusted advisor to the leadership team and functional partners for strategic decisions and financial business decisions.
  • Collaborated with business leadership and implemented financial transformation into the platform model.
  • Owned an $825 million revenue budget, a $154 million expense budget, and drove expense optimization in excess of 10% annual impacts.
  • Coached and led monthly leadership meetings with a fact-based analytical narrative, supporting results, and forward-looking financial projections.

Vice President

BNY ASSET SERVICING
09.2012 - 12.2022
  • Financial Planning and Analysis (FP&A) role with an emphasis on monthly management reporting and the accompanying variance analysis to explain monthly results, budgeting, forecasting and the overall financial management for multiple lines of business including Custody, ETF, Middle Office and Investor Solutions.
  • Interfaced monthly with CFO to review the drivers behind month-end revenue and expense variances.
  • Prepared annual budget of revenues and expenses for the business lines, including all balance types and headcount to support senior management decision making.
  • Served as strategic business partner with the senior business line executives.
  • Analyzed monthly expenses and invoices, including the monthly consulting spend; prepared accruals to book to general ledger during month-end close in accordance with GAAP.
  • Performed monthly analysis of specific revenue components and drivers; review of significant new clients.

Business Line Controller

BNY
New York, New York
04.2007 - 09.2012
  • Strategic advisor to LATAM business executives responsible for Global Corporate Trust activities in the United States, Canada, and Latin America, as well as the Middle Office and Business/Product Management.
  • P&L includes over $150 million in revenue and $200 million in expenses.
  • Prepare the annual business plan, and provide detailed monthly and quarterly P&L forecasts, along with clarification of variances.
  • Analyze drivers of revenue growth: new business/sales, transaction volume/spreads, market, and organic.
  • Perform due diligence on business acquisitions and divestitures.
  • Member of the Mexico Steering Committee responsible for establishing the legal entity and ensuring the local office is fully operational.
  • Preparation and delivery of clear, concise financial presentations.
  • Participate in the client RFP process, creating pro forma P&L, and reviewing pricing schedules in conjunction with sales and relationship management.
  • Monitor key control issues including payables, receivables, write-offs, and fails.

Vice President

JP MORGAN WSS
New York, New York
10.1998 - 04.2007
  • Partner with the Global Client Service Executive in the strategic design of a client service model for JPM Investor Services business, achieving over $9 million in expense savings through re-engineering and functional consolidation.
  • Support of various segments within Investor Services, including Pension, Insurance, ETF, and Bank clients, as well as Relationship Management and Sales.
  • Developed the LOB's annual budget (revenue, expenses, headcount, and balances) of over $700 million in client revenue and $56 million in direct expenses.
  • Analyzed client profitability and assisted with the implementation of a strategic and tactical plan for improvement.
  • Managed the month-end close process, including all necessary accruals to the bank’s general ledger.
  • Aligned with the costing team to develop a prototype client service capacity model.

Section Manager

US Trust Company of America
New York, New York
02.1990 - 10.1998
  • Managed a team of 20 employees and activities involving transfers, redemptions, terminations, and liquidations of various UIT products. Other activities include reinvestment, account maintenance, asset reconciliation, and right offerings.
  • Developed and maintained DTC and sponsor relationships within the UIT Division.
  • Organized conversion between merging corporations, encompassing troubleshooting and technical problems.
  • Responsible for the preparations and distribution of IRS-regulated solicitations, including 1099 and B-notice.
  • Representative member of the Securities Transfer Association (STA).

Education

Bachelor of Science - Applied Math And Statistics, Business Management

Stony Brook University
Stony Brook, NY

Finance Leadership Development Program -

BNY

Skills

  • Budgeting and Forecasting
  • Financial oversight
  • Excellent communication
  • Critical thinking
  • Adaptability
  • Flexible

Community Service

  • Head Travel Soccer Coach, POB Soccer Club
  • Mentor, BNY Finance Internship Program
  • God’s Love We Deliver

Timeline

Senior Vice President

BNY
01.2023 - Current

Vice President

BNY ASSET SERVICING
09.2012 - 12.2022

Business Line Controller

BNY
04.2007 - 09.2012

Vice President

JP MORGAN WSS
10.1998 - 04.2007

Section Manager

US Trust Company of America
02.1990 - 10.1998

Bachelor of Science - Applied Math And Statistics, Business Management

Stony Brook University

Finance Leadership Development Program -

BNY

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