Richard Barr-External Consultant & Advisor
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Experience
External Consultant & Advisor
Bank of Israel
- Served as a driving force in the payments reform in Israel, moving towards enacting a RTGS payments system to eliminate settlement, operational and systemic risk in the national payment system
- Played a prime role in determining and writing both the functional and technical designs and risk management programs
- Held ownership of and performed analysis in the entire RFP process
- Provided critical advice and know-how, guiding the project to successful completion
Principal Associate
Citadel Advantage
- Policy development at ministry of finance, central bank, industry association and financial institution levels in areas such as cash management, payment system strategy development, operational risk mitigation, fraud prevention, bank supervision and national legislation
- External consulting and advisory roles on state treasury, bank and bank systems to central banks, banking associations and financial institutions
- Cash management, payments and RTGS design, development and implementation at government, central bank and financial institution level
- SWIFT expertise in interfacing design, usage, CUG development and implementation
- SWIFT operational expertise
- Risk assessment and mitigation at bank operations level for Basel II operational risk requirements and ERM
- Fraud awareness and fraud prevention initiatives
- Bank product design and development including legal aspects, document design and establishment of procedures
- Operations management including branch operations, electronic banking operations and international trade finance (import-export)
- Education and training of staff in all aspects of cash management, payments, operations risk and fraud
Project Manager
PAYplus
- Supported payment processing, operational, credit and liquidity risk management and regulatory compliance for a RTGS funds transfer solution (domestic & international)
- Managed project activities including business/systems analysis, writing functional specifications, education and training, troubleshooting, quality assurance and professional guidance
- Led the reengineering of payments procedures and internal business practices for banks and payment systems in the USA, Bermuda, Ireland, Greece and Holland
Business Analyst (Consultant)
Surecomp Development Ltd.
- Implemented IMEX, an online real-time system handling Trade Finance transactions in conformity with ICC regulations, risk management policies and SWIFT requirements
- Managed project delivery including education and training, troubleshooting, quality assurance and tailoring the system to banks’ specific needs
- Deployed the system on-site at various banks in Poland, South Africa and Sweden
Int’l Trade Finance Banker
- Processed financial transactions in foreign trade, including documentary credits, collections and payments for import and export
- Expanded and refined the bank’s customer base through calls to current and potential clients and on-site visits in the Jerusalem region
- Provided support and back-up for the Foreign Currency Department in daily activities
Industry Experience
See where this freelancer has spent most of their professional time.
Experienced in Banking and Finance and Information Technology.
Business Area Experience
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Experienced in Finance, Operations, Product Development, Information Technology, Project Management, and Quality Assurance.
Summary
I have over two decades of experience in financial systems, payments reform, and risk management. I have been directly involved in defining both technical and functional designs for RTGS payments and operational risk programs. Throughout my career, I have guided efforts in policy development, fraud prevention, and cash management, working with banks, central authorities, and financial institutions to ensure efficient and safe payment systems.
My background in trade finance and project management has allowed me to support operations across different countries and financial markets. I bring practical expertise in SWIFT systems, regulatory compliance, and cross-border transactions, always focused on delivering clear and effective solutions.
Skills
- Public Risk Management Association (Prmia)
- Global Association Of Risk Professionals (Garp)
Languages
Education
Mission College
Associate of Arts · Business · Santa Clara, United States
San Jose State University
Bachelor of Science · Business Administration (International Business) · San Jose, United States
Certifications & licenses
Speech Communications
Mission College
Statistics
Experience
Global Experience
Expertise
Qualifications
Profile
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