Michael Burns
Managing Director @Bank of America
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WORK HISTORY
Managing Director @Bank of America
Jersey City, NJ, US
Promoted to Managing Director and Global Head of Tax Operations for global banking and markets, I lead FATCA/CRS reporting, US & non-US information, reporting and withholding, and tax documentation validation.Key contributions: Directing a diverse team of 100+ associates across the US, London, Dublin, and Singapore. Building the appropriate control framework according to relevant jurisdictional tax authority directives Named Global Head of Fees & Billing, supporting global markets trading lines including fixed income and equity trading, prime brokerage, and research, processing $1.2B in brokerage, clearing, and exchange expense Transitioned to a Global Banking and Markets (GBAM) operations, deploying a central reconciliation utility to support the wholesale credit division to address 3K+ aged ledger reconciliation breaks valued at $300M+ from legacy systems Shifting the culture from “break reconciliation” to root cause analysis to preempt breaks at the inception point Delivering a comprehensive MIS package to track reconciliation breaks and team progress in minimizing exposure
EDUCATION
Stockton University
Bachelor of Arts - BA
Southern Connecticut State University
Business
ABOUT MICHAEL BURNS
As a diligent senior-level managing director, I\'ve led all areas of balance sheet management, financial strategy, and business analysis initiatives for multi-billion-dollar financial institutions, powering business performance by asset optimization and driving profitability. Leveraging financial acumen and deep balance sheet knowledge, I\'ve expanded client capacity to yield profitability. As a leader, I\'ve partnered with cross-functional teams while directing and coaching direct reports to achieve performance excellence. My areas of expertise include: Leadership & Management Deep Finance Expertise P&L Accountability Personnel Oversight Key Portfolio Management Client Engagement Finance & Accounting Asset Management Balance Sheet Optimization Liquidity Optimization Client Metrics Reporting Cross-Functional Collaboration Internal Controls Audit Preparation Due Diligence Cost Reductions Financial Modeling | Valuation Process Improvement Quantitative | Qualitative Analysis Executive Presentations Corporate Communications
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