Paul Ferrari

About Paul Ferrari

Enthusiastic and meticulous banking & finance professional with over 12 years of…

Experience

1. Vice President Operational & Resilience Risk

   HSBC

   Mar 2021 — Present · Buffalo, NY, US

   Second line of defense Risk Steward specializing in Transaction and Payment Processing risk within Enterprise Risk Management, an area which mitigates the operational risk of people and systems creating losses. Internal businesses covered include the International Wealth and Premier Banking and Asset Management. Functions covered include the GCOO and HR.•Provision of guidance and oversight to the first line of defense risk and control officers for the identification, assessment, monitoring, mitigation and reporting of Transaction and Payment Processing risk within risk appetite. Support 1LOD as a reference for interpretation of risk policy and procedure documentation for management of Risks, Issues, Controls, and Internal Events in adherence to the risk framework.•Review and challenge of controls, control monitoring plans and results, identified issues, internal events as well as evaluation of new and existing products and services. •Compilation of PowerPoint for presentation to risk governance forums and regulators including the OCC & FRB, covering existing risk and control profile, risk appetite, KRIs, internal events, emerging risks and material challenges to risks/controls/issues/events.•Representative of Transaction Processing risk for Retail and Corporate and Institutional Banking businesses at the twice weekly Third Party Management Roundtable, covering the risk assessments of new third party vendors prior to onboarding. Completion of due diligence reviews for internal, external and non-traditional third parties.•Creation of new policy by which internal and external Third Parties manage Transaction Processing on behalf of HSBC. This covers each step of third party risk lifecycle, including due diligence, continuous monitoring, re-review, and exit management. •Creation of training materials for 1LOD staff on mitigation of Transaction Processing risk at third parties during on-boarding, risk assessment, control monitoring, re-review and exit management.

Education

• University of Rochester

  BA, Financial Economics and Political Science (Double Majors)