Bob McCormick

About Bob McCormick

Americas Regional Cluster Head at Citi. Responsible for bank network management (BNM), third-party agent bank risk management (TPM), and adherence to enterprise-wide policies and procedures.BNM supports the Global Markets business, providing governance over banking services including, service levels, pricing, and new product support. TPM supports risk management for all Global Markets third-party agent banks. BNM and TPM also support several Citi Enterprise-wide policies, providing accountability for bank accounts and signatory authority. I lead the Regional Team in delivering in-depth expertise for the Citi Enterprise, with innovative and strategic solutions to help the businesses achieve their goals.I am a Senior Vice president with broad-based skills in the Financial Services Industry. I have expertise in C-level management support, bank and broker-dealer operations, regulatory requirements, relationship and risk management, current assessment, transformation, and implementation of new technologies and processes. My past international assignments have included Europe, Asia, and South America. Industry-related experience included serving as a representative, conference speaker, and panelist for the Managed Accounts Industry, including the Money Management Institute (MMI). As Product Manager at BNY Mellon, I worked with industry leaders to enhance the industry\'s technology and solutions for Asset Managers and Broker-Dealers, delivering effective and efficient solutions.Served as representative or contact to many industry groups and projects over the years including:• Money Management Institute (MMI)• Asset Managers Forum (AMF)• Hong Kong Industry Association (HKIA)• International Operations Association (IOA)• Emerging Market Clearing Corporation (EMCC)• Financial Research Associates (FRA)• Securities Industry Association (SIA)

Experience

1. Americas Regional Head - Bank Network Management

   Citi

   Oct 2018 — Present · NJ, US

   Regional Head for the Americas.Responsibilities include managing Custodian Bank Relationships across the Americas region. Establishment of the bank/custody account infrastructure required to support various ICG businesses in the LATAM and NAM markets. Conduct RFP’s to identify and assess ability of bank/custodian to support activity. Assist on establishing new products. Report regulatory/market changes to interested parties, and the potential impact to their businesses. Negotiate fees and manage service levels. Manage or actively participate in various projects involving the Network Management team, either at the market, regional, or global level. Project lead for the creation and implementation of a new Citi 3rd Party Agent Bank Enterprise-wide Risk & Control Program to meet Regulatory requirements. Responsibilities included the creation of a new Enterprise Governance structure, Charter, procedures, KI’s and global implementation plan.

Skills

• Investment Management
• Financial Markets
• Trading
• Investment Banking
• Foreign Exchange
• Fixed Income
• Finra
• Emerging Markets
• Trading Systems
• Derivatives
• Middle Office
• Market Data
• Relationship Management
• Swaps
• Back Office
• Capital Markets
• Series 7
• Structured Products
• Collateral Management
• Financial Risk
• Equity Derivatives
• Asset Management
• Credit Derivatives
• Financial Services
• Global Custody
• Fund of Funds
• Settlement
• Fx Options
• Hedge Funds
• Options
• Vendor Management
• Portfolio Management
• Electronic Trading
• Asset Managment
• Bloomberg
• Securities Lending
• Prime Brokerage
• Equities
• Corporate Actions
• Equity Trading