Finance leader with 30 years of experience in financial reporting and treasury
Tony is an expert in:
. Statutory and Regulatory Reporting . IAS 39 Fair Value accounting . FAS 133 Hedge Accounting . IFRS9 Financial instrument accounting . Automating financial technology . Mortgage Accounting . Asset Liability Management . Projects (IFRS 9 impairment, OSFI reporting, SOX, EUC) . Designing and building a securities database (Trading and AFS) to centralize disclosure and governance . Custer 7 Excel governance and control . Cognos Disclosure Management system CDM . Driver based forecast and planning
WORK EXPERIENCE (RBC) 1986 - 2017 Sr. Director, Statutory and Regulatory Reporting 2009 - 2017 - Automate Report to Shareholders process leveraging Cognos Disclosure Management, resulting in both effectiveness and over 50 workday savings by front loading efforts. - Design and build securities data base (Trading and AFS) which enabled centralization of disclosures and ensure enterprise governance and consistencies resulting in hundreds of workdays eliminated across the enterprise. - Executed various accounting standards and projects (IFRS 9 impairment stream, OSFI reporting, SOX, EUC Controls etc).
Sr. Director and program lead, Project IAS 39 2006 – 2009 - Led bank-wide design and execution of IAS 39 (Fair Value accounting) - Design and executed Classification and securities disclosure process with strong SOX controls.
Sr. Director - Forecasting and Financial Reporting, Global Technology & Operations 2004 – 2005 - Led major restructuring impacting over 3,000 FTE by centralizing IT and Operations groups across the enterprise. - Constant up/down communication with senior executives and impacted groups.
Sr. Director, Global Services 2003 – 2004 - Responsible to help define and deliver financial results. - Cut areas where cost/benefits did not make financial sense.
Sr. Director and program lead, Enterprise General Ledger Replacement 2001 – 2003 - Prepared PAR (Project Appropriation Requests) from CFO to Board to replace 40 disparate GL systems across the enterprise into one with cost over $100 million and 73,000 workdays. - Led Project Office, Financial Office, Training and Legal streams. - Project was delivered on budget and on time.
Project Lead/Sr. Director, Corporate Treasury / Finance (FAS 133 Hedge Accounting) 1999 – 2001 - Led the design and execution of Hedge Accounting enterprise wide with minimal budget. - Worked directly with the CFO office to deliver results on time on budget and minimize earning volatilities.
Sr. Director, Merger Office (RBC- BMO proposed merger), Head Office 1998-1999 - Led both RBC and BMO Finance team in delivering critical financials analysis to both banks’ Board and Canadian Ministry of Finance and the Competition Bureau. - Tracked and cost out public commitments made by both Banks.
Sr. Director, Enterprise Financial Policy & Decision Support 1997-1998 - Designed and implemented Economic Capital Allocation and Matched Maturity Funds Transfer Pricing policy and systems.
M.B.A. (Finance and Accounting), McGill University, 1985 Diploma in Management, McGill University, 1983 Bachelor in Engineering (Civil), McGill University, 1982
Major recognitions: - Recognized by RBC CEO in RBC bank wide Annual Employee shareholders meeting for transforming Asset/Liabilities management by introducing and executing computer simulation - Received recognition letters from Senior Executive (SVP Capital Marketa) for reducing Risk Weighted Assets and improve tier 1 capital ratio by over 10 bps