Rich Romano
About
Rich Romano is from Berwyn, Pennsylvania, United States. Rich is currently Chief Executive Officer at FIDx, located in Berwyn, Pennsylvania, United States. In Rich's previous role as a Chief Technology Officer at FIDx, Rich worked in Berwyn, PA until Mar 2020. Prior to joining FIDx, Rich was a Chief Technology & Information Security Officer at ENSPIRE Investments and held the position of Chief Technology & Information Security Officer at Naples, Florida Area. Prior to that, Rich was a Vice President Insurance Practice NA at iSoftStone from Oct 2003 to Dec 2014. Rich started working as Senior Consultant at Lincoln Financial Group in Greensboro/Winston-Salem, North Carolina Area in Jun 2014. From Oct 2013 to Feb 2014, Rich was IT Strategy Consultant at Commerzbank AG, based in Greater New York City Area. Prior to that, Rich was a Sr. Program Management and SME at Allianz Life, based in Greater Minneapolis-St. Paul Area from Dec 2011 to Apr 2012. Rich started working as Annuities product expert witness at Confidential in Nov 2009.
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Rich Romano's current jobs
Rich Romano's past jobs
Responsible for the establishment and implementation of the architectural strategy for the firm, including managing partner integrations. Our platforms are cohesive, intuitive and highly optimized utilizing cloud based technologies. We efficiently service all aspects of the front through back office processes within the private placement life insurance market including proposal generation, underwriting, policy issuance and custodial investment management.
• Accountable for North American Insurance Practice P&L and all consulting services delivery. • Actively managing book of business across client base including Deutsche Bank,TIAA-CREF, Allianz Life, CNA, and Lincoln Financial Group. • Direct management team reports include account executives, engagement managers, recruiting and operations teams, and financial reporting analysts. • Responsible for all senior management reporting on a monthly and quarterly basis. • Responsible for annual planning and the continued development of market focus teams on the development of service offerings and capabilities.
• Assessed New Business initiation platforms to create the strategic roadmap and implementation plan for 2015. • Reviewed and documented existing workflows, configuration, and rules across all life and annuity products. • Providing industry expertise to increase efficiency and consistency with respect to platform implementation strategies. • Developing end-to-end budgeting requirements for proposed implementation. • Providing ALIP platform implementation and configuration expertise to ensure the right migration and implementation approach
• Recommended roadmap with interim and optimal future state for the America’s IT organization. • Developed strategies for integration with global counterparts for process landscape. • Put forth organizational re-alignment requirements to enable tighter controls. • Enabled proactive delivery utilizing COBIT5 Evaluate, Direct, and Monitor approach. • Analyzed global governance framework and controls to develop “right-sized” recommendations. • Created robust set of financial and operational metrics and measurements to ensure continual improvement over time.
Responsible for program level evaluation of implementation planning and QA activites for ALIP platform implemenation. Providing industry expertise and experience related to core annuity implemenations to enure the correct testing and execution plan is in place for the SIT through production implemenation phases. • Developed program level strategy and implementation road map for client’s enterprise implementation of Accenture’s Life and Annuity Platform (ALIP) and the associated surround platforms. • Worked with marketing, actuarial and operational teams in the development and implementation of new indexed annuity products. • Led a program QA team of 70 multi-vendor, on-shore and off-shore resources. • Created and managed the overall program testing execution plan for all aspects of system testing, interface testing, SIT, UAT, and production roll-out and transition. • Provided strategic design and implementation expertise related to ALIP implementation and integration best practices. • Responsible for IT program level change control process to provide guidance and impact assessments for the various project implementation streams.
Provide expert opinions for annuity patent infringement litigation cases related to the administration to annuity features.
Provided senior leadership and subject matter expertise for financial valuation and reporting enhancements with CNA. Also provided strategic guidance on platform viability with respect to the existing BPO arrangement and the cost of keeping the platform vs. converting to a full-service provider.
Worked with the banks senior staff members to provided a rapid program assessment of their OSI initiative in order to ensure the project plan was adequately developed and the project had the proper staffing to meet industry time lines
Engagement leader and technology subject matter expert for the creation of the group's future state vision and strategy for commission credit calculation environment. This study was inclusive of both the front to back technology needs as well as the operational processes.