Tim Ribadeneyra

Experience

• 

  State Street

  Jan 2007 - Nov 2016

  Finance lead for two divisions with combined revenues of over $600M and 300 employees. Products included agency and principal lending, transition management, equity trading, and currency management. Key achievements:•Key strategic partner in creation of principal lending business in 2009 that is projected to generate $250 million in 2016 revenue and is key component of State Street growth plan.•Engineered $27 million of cost reductions by implementing expense accrual management controls, eliminating redundant vendor services, and validating indirect expense allocations.•Rolled out new client profitability expense allocation methodology that business utilized to highlight unprofitable relationships and implement revenue enhancing strategies. Generated an additional $20 million in annual revenue.•Integrated IT function into business unit managing all project capitalization and amortization.•Developed first product profitability model in Portfolio Solutions that is now primary report used by business to make financial decisions•Transitioned high-performing finance staff to Hangzhou, resulting in $200k in employee cost savings.•Coordinated implementation of 3 separate sales incentive plans, meeting all requirements of the business and HR.•Successfully created a transition management deal analysis model in response to audit issues that passed all audit and Sarbanes-Oxley reviews.•Managed central reporting/data management team of six.•Created new business estimate model used to validate and approve sales personnel’s client pricing. Show less

  • Finance Director - Global Markets

    Aug 2009 - Nov 2016

  • VP Finance

    Jan 2007 - Aug 2009