Peter Modifica

About Peter Modifica

Client Relationship Management • Client Services & Success Management • Strategy Planning | Execution• Account Management | Retention • Team Management | Growth | Coaching • Sales & Business Development Strategies• Sales Cycle & Process Management• Client Lifecycle Management• Territory Management | Expansion • Client Solutions Development • Project Management | Coordination• Client Onboarding | Integration• Project Monitoring | Tracking | Reporting• Stakeholder Relationship Management• Broker Dealer Relationships | Partnerships /: Equities | Listed Derivatives (options, futures)| OTC Derivatives (Interest Rate Derivatives, Swaps, OTC equity options)| Foreign Exchange | Fixed Income Securities (Sovereign, Municipal, Corporate Debt): Dodd-Frank | EMIR | MIFID | FACTA | QFC Record keeping | Regulation T Margin | Portfolio Margin : Broadridge | Advent Geneva | Alert | Alfresco | Bloomberg | Calypso | Concur | Condor | DTCC | EGUS | Endur | Enfusion | Fidessa | Geneva | GMI | Global One | JIRA | Loanet | MS Office Suite | My Concur | Power BI | Salesforce | ServiceNow | Swift Messaging | Tableau | Workday

Experience

1. VP Operational Risk and Control Team Leader

   Wells Fargo

   Sep 2019 — Present

   Serve as the first-line control officer and partner for the Corporate Investment Bank’s Futures Clearing Merchant (FCM) and Prime Brokerage (PB) Operations group - implementing the firm\'s operational risk framework and policies.• Supervised a team of 4 professionals responsible for executing all operational risk management activities, ensuring compliance with enterprise requirements for the FCM and PB businesses with 75 employees in the US and India.• Conducted more than 10 Risk Control Self-Assessment (RCSA) workshops spanning 12 weeks across brokerage operations, contributing to regulatory compliance efforts that resulted in the removal of multiple federal consent orders.• Oversaw risk identification and control assessment activities for more than 140 business processes within the broker-dealer operations. • Led 46+ corrective actions that resulted in a 20% improvement in control design and performance.• Increase team productivity by 15% through enhanced training and development.• Partnered with second- and third-line risk functions to successfully execute over 25 control testing engagements, achieving a 10% reduction in residual risk ratings across business lines.• Helped develop over 15 forward-looking Key Risk Indicators, reducing the amount of near miss and loss incidents by 10% within 1 year.

Education

• St. John's University, The Peter J. Tobin College of Business

  MBA, International Finance

  1997 — 1998

• St. John's University

  BA, Speech, Rhetoric and Public Address

  1989 — 1993

Skills

• Client Services
• Trading
• Prime Brokerage
• Trading Strategies
• Trading Systems
• Capital Markets
• Investment Management
• Equities
• Fixed Income
• Bloomberg
• Credit Risk
• Credit
• Options
• Electronic Trading
• Settlement
• Hedge Funds
• Equity Derivatives
• Derivatives
• Middle Office