Vincent Piroso

2 James Street * Lincroft, NJ 07738

Home: (732) 345-1176 * Cell: (732) 439-0520
Email: vpfb06fa@westpost.net

Financial Operations Professional

Background encompasses more than 17 years of financial industry experience. Succ
essful track record of enhancing back office operations through process improvem
ent and strong communication with all internal departments. A history of minimi
zing company risk through the timely identification and resolution of trade brea
ks. Improved overall profitability by increasing operational efficiency and cap
italizing on cost-saving opportunities.
Areas of Expertise
* Trade Break Reconciliations & Reconciliation Management * Account Analysis & F
inancial Analysis
* Back-Office Operations & General Accounting * Reporting, Auditing & Compliance
* Vendor Relations & Contract Negotiations * Procurement & Cost Containment
* Project Planning & Project Management * Staff Training, Coaching & Evaluation
Professional Experience
BNY CONVERGEX, New York, NY (June 2001 - Nov. 2010)
Assistant Vice President of Procurement * Sept. 2008 - Nov. 2010
Worked collaboratively with Managing Director to perform all procurement functio
ns for the firm. Analyzed existing contracts and vendor base to identify cost-s
aving and value-added opportunities. Played a key role in helping the firm achi
eve bottom-line objectives by reducing overall operating expenses. Reported to
Managing Director.
* Generated multimillion-dollar savings by renegotiating contracts on critical e
quipment including trading and communications systems; routinely achieved 20% sa
vings on existing contracts while negotiating value-added services such as incre
ased technical support and training.
* Expanded vendor network to increase options and foster price competition; achi
eved price objectives while enhancing service quality by replacing several long-
standing vendors.
Assistant Vice President / Senior Reconciliation Specialist * June 2001 - Sept
. 2008
Planned, coordinated, and managed all account reconciliation functions for the f
irm. Minimized company's liability and risk through meticulous account monitorin
g and the timely resolution of trade breaks. Interfaced with settlements area t
o coordinate all back office operations.
* Worked collaboratively with back office departments to build a solid operation
al infrastructure; efforts resulted in a significant improvement in reconciliati
ons; improved efficiency and productivity by strengthening communication with al
l internal operational areas.
* Discovered and resolved 100% of trade breaks within established timeframes; se
ttled breaks within one day, far ahead of firm's three-day maximum.
* Performed detailed analysis of operational data and reports including daily ca
sh activity, stock breaks, mutual fund positions, suspense accounts, and write-o
ff accounts; prepared reports for senior management.
* Investigated and resolved DTC cash and stock trade breaks as well as account d
iscrepancies.
* Selected to spearhead the development of a reconciliation center in firm's new
Orlando office; planned and implemented a large-scale relocation of the reconci
liation department from New York to Orlando; established a fully functional reco
nciliation department within a three-month period.
* Developed a comprehensive operations manual, detailing step-by-step processes
for reconciliation and daily activities; provided training and support to new an
d existing personnel.
Vincent Piroso Page 2
Professional Experience (Continued):
MERRILL LYNCH, Jersey City, NJ
Senior Account Specialist * 1997 - 2001
Performed diverse general accounting functions for the Latin American Division (
1997-1999) and the ML Pro Division (1999-2001). Reviewed settlements to investi
gate and resolve trade breaks. Processed FX transactions. Performed account re
conciliations. Prepared daily reports for senior management. Provided training
and guidance to new employees. Served as a mentor to incoming interns in the L
atin American and ML Pro Divisions.
FIRST COLONIAL MORTGAGE, Linden, NJ
Assistant Office Manager * 1995 - 1997
Assisted in managing office operations for a high-volume mortgage company. Prep
ared biweekly payroll through the ADP system for 50 employees. Reviewed lending
documentation to ensure accuracy.
MERRILL LYNCH, Red Bank, NJ
Financial Consultant Trainee, 1994-1995 * Overdraft Specialist, 1993-1994
Completed training program in financial consulting focusing on investment planni
ng, client relations, account management, and company policies and procedures.
Managed back-office functions for a high-volume of accounts.
Education
MONMOUTH UNIVERSITY, West Long Branch, NJ
Bachelor of Science in Business Administration, concentration in Finance, 1993
Computer Skills: Microsoft Excel, Word, PowerPoint, and Lotus Notes.
References available upon request.