1. Anthony J. Bonaceto
.com
OBJECTIVE: To find a challenging and lasting opportunity for my 12 years of experience in
project and vendormanagement.
SKILLS/QUALIFICATIONS
12 years of project management experience involving client conversions,client
enhancements,and resolving client issues
12 years of vendormanagement experience as the relationship manager for the statement
vendorDSTO and RICOH
12 years of managing experience where 4 of my hires were successfully promoted within
State Street
3 years of submitting balanced vendorbudgets approved by finance
3 years of spearheading cost saving projects for the company
4 years of reviewing and approving all statement vendorenhancements and invoices
3 years of experience working with internal and external auditors to reduce company risk
PROFESSIONAL EXPERIENCE
State Street Bank & Trust – Wealth Manager Services (WMS) Vendor Management
Officer 7/07 – Present
VENDOR MANAGEMENT EXPERIENCE
Created efficiency by implementing EPASS systemfor DSTO statement invoices
- Allowed managers to approve annualvendor budgets and eliminate monthly invoice approval
- Used EPASS controls to not exceed budget when processing DSTO monthly invoices
- Faster payment of invoices by adding PO number to DSTO invoices
- Decreased payment errors since each PO number is attached to our client’s internal payment RC
Manage statement and checks/advice team responsible for day to day interaction with client teams
Responsible for SLA of over 2 million checks and advices and over 50,000 statements monthly
Finalized SLA amendment to existing DSTO contract that created target dates for all relationships
Created a cost per statement sales tool so the sales team can price out statement costs for new clients.
Conduct Governance meetings with DSTO on a quarterly basis to review relationship
Implemented Control Meeting to prioritize all vendor statement enhancements
Created and presented vendorstatement training program for all client teams in Quincy and KC
Created and presented vendorstatement onboarding training program for new employees
Created team survey that allowed client teams to provide feedback on vendor management team
PROJECT MANAGEMENT EXPERIENCE
Well versed in the waterfall project management methodology
Project Manager Argent Statement Deconversion
- Worked closely with client team to finalize client’s last statement.
- Responsible for confirming all statement events turned off corporate system
- Reviewed vendor’s final client invoice and confirmed payment
Project Manager Goldman Statement Deconversion
- Worked closely with client team to finalize client’s last statement.
- Responsible for confirming all statement events turned off corporate system
- Reviewed vendor’s final client invoice and confirmed payment
Project Manager Capital Counsel Statement Conversion
- Responsible for finalizing client statement requirements
- Point Person for all client statement testing and post production testing
- Created procedures for statement team responsible for releasing statement files
- Reviewed accuracy of all client statement invoices.
Project Manager for IIS retiree services checks and advice conversion OVER
2. - Created project plan for conversion
- Created procedures for team responsible for releasing checks and advice files
- Created efficiency by automating release of checks and advice files
Project Manager for Mass MutualStatement Conversion
- Responsible for finalizing client statement requirements
- Point Person for all client statement testing and post production testing
- Created procedures for statement team responsible for releasing statement files
- Reviewed accuracy of all client statement invoices.
Resolved RR Donnelly statement commingling trend for Capital Guardian
- Went on site at RR Donnelly in New Jersey and met with all operators responsible for our client
Capital Guardian
- Identified issue with inserter, replaced it, tested new inserter and resolved commingling issue
Assumed Global + statement vendorresponsibilities from the client team which allowed them to reduce
staff
Conducted monthly onsite visits to EDS Detroit office to oversee statement printing, inserting, and delivery
RISK REDUCTION
Point person with external audit to review internal checks and advices recon process. No issues identified
Point person with internal audit to review DSTO vendor. No issues identified. Satisfactory Rating
Reviewed IIS Profile Statement process,delivery and identified risk items. Escalated to Senior Management
Partner with vendors annually to produce disasterrecovery tests and the inclusion of State Street Privacy and
FDIC insert in statements
Created statement Disaster Recovery document for WMS clients of RR Donnelly
Created vendor escalation documents so appropriate teams are contacted for issues that occuroff hours
Created automated process with vendor DSTO to purge statements after 7 years per compliance retention policy
Automated client statement CD-ROM delivery process to reduce risk and print costs.
COST SAVINGS/BALANCING BUDGETS
Finalized 3.5 million dollar DSTO statement vendormanagement budget in 2015
Finalized a 4 million dollar DSTO statement vendor management budget in 2014
Responsible for reconciling all statement invoices to budget and identifying discrepancies or trends
Resolved aged invoice issue with DSTO. No aged invoices over 90 days reported over last three years
Responsible for reviewing and approving all statement vendor enhancement estimates and invoices
Established invoice process that bills statement expenses directly to client. $800,000 in revenue annually
$26,000 saved annually by implementing new process for inserts to be included with checks and advices.
$21,000 saved annually by implementing new environmentally friendly envelope.
$146,000 saved annually by implementing new process for vendorreceipt of checks and advice files
Significant cost savings realized through merger of WMS SEI statement clients with Investors Bank & Trust
SEI statement clients
Significant statement print savings realized through implementation of e-delivery for Capital Guardian
Education: Syracuse University
Bachelor of Science in Communications and Psychology May 1995
Computer Skills:Microsoft Suite, Oracle Applications
Extra-Curricular: Participated in WMS Mentoring Program The Manager’s Journey
Committee member: Take Your Child to Work Day, Christmas &
Halloween Party
Former member of Toastmasters