1. DAVID R. COHEN
1626 August Road, North Babylon, NY 11703
631-321-7127 (H) · 631-388-1262 (C)
dcohen511@optonline.net
VICE PRESIDENT/OPERATIONAL RISK MANAGER
• Highly accomplished, well rounded securities industry leader with broad subject matter expertise
in the areas of risk management, including trending of KRIs, KPIs, familiarity with controls
reviews, root cause analysis, credit analysis, client service and all phases of global securities
operations, settlements and securities servicing.
• Sound understanding of applicable regulations and laws, including ERISA.
• Partnered with Legal and Compliance while performing detailed risk assessments to insure that
internal and external rules and regulations were adhered to.
• Recognized for ability to work collaboratively with colleagues within and outside own sphere of
influence.
• Membership on the Business Acceptance Committee while in Operational Credit allowed for
accepting or declining business that was outside the company’s risk appetite.
• Keen understanding of the operational risk associated with global payments and cash
management.
• Able to identify material risks and ensure they are measured, reported and managed within the
risk appetite of senior management
• Extensive experience in operational risk gained from a broad experience in financial services that
has provided credible and knowledgeable challenge to various businesses as they manage
operational risk.
• Ability to stay abreast of industry wide Operational Risk developments and continually assess the
impact to the business of one of the largest SFIs (Significant Financial Institutions).
• Strong knowledge of the control environment surrounding capital markets, corporate and
investment banking
Notable Achievements
• Risk and Compliance Circle of Excellence (2009) - Part of a team of five underwriters
that completed the re-rating of over 5,000 borrower ratings within the mandated schedule
by regulators of the Bank.
• Coordinated the transition of approvals for one of the Bank’s core service areas, Mutual
Funds Custody, located in New York and Florida to the centralized credit approval team
in Operational Credit. This entailed gathering of intelligence on client cash transactions
and cash flows. The successful assumption of this function substantially mitigated the
risk of seeking credit approvals from up to three hours to less than ten minutes, resulting
in better overdraft control in client accounts. It also helped the Bank’s Treasury Desk to
monitor large cash outflows in a more controlled manner.
PROFESSIONAL EXPERIENCE
International Market Recruiters
September 2015-Present
Consulting & Temporary Division
Recently assigned to provide Finance & Accounting Control support to the Executive Director and Global
Head of Valuations Oversight and Consistency Group at UBS Bank AG, Stamford Ct.
• Produced a Supervisory Review and Controls Guidance document that established the
framework to ensure that the 3rd
party provider completed all processes within the agreed services
documented in SLAs that was recently moved offshore.

2. • Responded to and provided Operational Effectiveness & Design Efficiency evidence for four
Operational Risk Incident action items for Global Internal Audit
• Managed a SharePoint site for the Valuations & Oversight Group’s documentary evidence of the
supervisory review performed for key processing control deliverables by both the Onshore and
Offshore managers.
• Worked with key Financial and Accounting Control regional stakeholders to ensure there was
good governance over the design and implement the recent changes in the control framework
• Supported the delivery of committed and strategic tactical remediation of control weaknesses and
assuring remediation of those weaknesses.
• Supported internal control functions in the execution and resolution of risk and control points
• Prepared presentations of senior management updates as required
• Supported the Global Head of Valuations Oversight and Consistency Group manage the planning,
organization and execution of Financial Accounting and Control initiatives for 2015 and
upcoming for 2016.
Experis Finance
November 2014-December 2014
Consulting Professional
Risk Advisory Team
Assigned to providing Operational Risk Management project oversight support to the Finance Division as
a member of the Finance Operational Risk team, at American Express Company. I reported in to the
Director of Finance Operational Risk Management during this contract.
• Reviewed and documented evidence that the current business process inventory for Finance
requiring a Process Risk Assessment according to the company’s operational risk framework was
current and logged onto the company’s Process Risk Assessment inventory
• Identified that all business processes were to be assigned at the appropriate corporate staff levels.
• Insured that any processes to be decommissioned were properly identified.
• Insured that businesses were identifying new business risks that were undocumented that were to
be included in the 2015 Process Risk Self-Assessment execution plan.
• Detailed project progress on a shared Project Tracker that was discussed at weekly project status
meeting
Bank of New York Mellon
Operational Risk Manager (November 2012- May 2014)
• Wrote Risk Assessments for Location Migration movements of several business partners from
Investment Management Service (Client Accounting and Reporting, Benefits Disbursements and
Global Risk Solutions). If risk was significant , insured adequate risk mitigants were put in place
• Wrote New Product Risk Assessments for each of the businesses above.
• Met with and discussed with the Embedded Control Managers of each business to review
existing Key Risk Indicators. Provided monthly Dashboard that trended in graphical format over
a rolling 12 month period, areas of weakness that required review and remediation.
• Insured where appropriate, that changes to the Red, Amber, and Green thresh hold ratings for
key business processes that were persistently Red or Amber, were made by each business partner
in the Corporate Risk Management database reporting platform.
• Identified and translated business risks into actionable controls or remediation activities.
• Utilized knowledge of applicable regulations and laws to insure that self-identified business risks
and controls were compliant and not outside the boundaries of those laws.
• Engaged Compliance and Legal partners where necessary to insure that there were no residual
gaps outside the boundaries of the company’s published risk appetite.

3. Operational Risk Manager (April 2012-November 2012)
• Risk Manager providing an independent risk oversight view to the Bridgewater Transformation
Project.
• Worked with Project Management Office team to review and assess the inherent as well as the
residual risks during the design phase of the Middle Office solution for trade processing,
collateral management and derivatives processing for one of the world's largest hedge fund
managers.
Vice President and Senior Credit Approval Officer (June 2006-March 2012)
• Maintained significant communications channels with business partners in Asset Servicing,
Domestic Treasury Services, International Client Services and Corporate Trust.
• Established credit risk profiles (borrower ratings, credit facilities).
• Provided guidance for business acceptance and client on-boarding.
• Successfully completed firm-sponsored credit training.
• Knowledge of credit risk support systems and credit risk exposure systems.
• Maintained detailed product knowledge related to custody, treasury and transfer agency services.
• Coordinated with business sponsors and credit risk personnel, to underwrite, approve and monitor
operational credit limits for cash management, asset servicing, corporate trust, FX/Derivatives
and ADR.
• Analyzed the credit worthiness of the counterparty and recommended risk mitigants when
appropriate
• Stayed abreast of newsworthy events when reviewing operational credits for clients that were
headed for a possible ratings downgrade or a subjects of a bankruptcy filing.
• Prepared ad hoc analyses and other special projects for Quarterly Portfolio reviews.
EDUCATION
Bachelor of Arts, Economics, Queens College, Flushing, New York
Professional Training- Stroble Financial Statement Analysis (December 2009-June 2010)