Ralph Borushek

Vice President Third Party Risk Mangement @HSBC

Chicago, IL, US

Manage teams that conduct regulatory, technology and financial crimes due diligence of strategic projects and third-party sourcing for leading international financial services company. • Hired as consultant in 2013, promoted to VP in 2016.• Reduced external consulting annual costs by over $50 million since assuming role.• Established SLAs for third party compliance review team, resulting in 25% faster execution of compliance due diligence.• Accelerated onboarding of regional fintechs and strategic initiatives, leading to 3 months faster deal closing. • Cut weekly reporting time by 20% through report consolidation, automatic data extraction and metrics analysis.• Reduced error rates by 15% through QA policies and procedures.• Embedded regulatory database to yield 2-month reduction in integration time. • Served as primary point of contact for new team acclamation, decreasing ramp time by 3 months through consistent training and ongoing coaching.• Recommended adding environmental, social and governance (ESG) sustainability indices to supplier profiles in order to enhance global supply chain sustainability, supplier diversity, human rights protections and ethical strategic sourcing.• Researched global supply chain sustainability and created supply chain sustainability and supplier diversity road map for HSBC.• Proposed sustainable financing offerings, including supply chain financing, EV financing, supply chain sustainability consulting.• Participate in supplier diversity working group leading to increased use of diverse suppliers in the bank.