Josh Oliveira

Dad of 3 (& Autism Dad), Husband, First-Gen American, US Marine Vet. I like politics, obscure music, hip-hop and old movies. Online, my commentary has been called radically socialist and far-right extremism, clearly indicating that I am totally in the center.

At work, I build bots. When they misbehave, I give them a good whack (the "SNES" technique for biz continuity). As a risk manager, I like this job, because there's a lot less HR issues and it's helping me prepare for the fight.

SVP, Risk Transformation

Risk Transformation PMO (2021-Present):
-Interim BU Chief of Staff and led activities to scale from 15 to 85 FTE
-Governance for 100+ Consent Order remediation and bank transformation deliverables
-Oversaw initiatives to transition 3rd party resources to our internal PMO

A few years ago, BBC reported how more people died of drug overdoses than of Covid in San Francisco over a 1/yr period. Now that POTUS is trying to do something about it (i.e. sending dealers to the bottom of the ocean)... it's a humanitarian crisis, because it's Trump. 

Hysteria drives clicks.

Content may contain traces of human error and existential dread.

Anti-AI posters on LinkedIn: look at AI from the lens of a founder or CEO who runs a large org and their biggest expense is people. 

Cut through the noise: people don't make as many decisions as they think. Most of our jobs are to gather data (both qualitative and quantitative) and package it up in a way for other decision makers. Getting A and B and making sure it follows C and D. 

AI can do that better than humans. 

Prompting ChatGPT is old news. Agents and custom bots can be trained on rules, processes, procedures, etc. and a majority of white collar jobs are just managing that information. AI is a tool that can do that quicker and more efficiently, and in many cases more controlled (or likely to be as the model gets fine tuned and evolves—that's what is being built now).

The writing is on the wall: why are companies investing more in AI and keeping comp flat? 

Hard truth: we are just not as valuable or important as we think we are. I know that's a tough pill to swallow, and I know it's a paradigm shift, but that's exactly what is happening, hence the surge in emotional anti-AI posts we're seeing. 

The way humans bring value to their employer is changing. White collar work is shifting to be a) build the bots, b) manage the bots and c) govern the bots, because that's more efficient than paying humans to move around and repackage 1s and 0s (which is a majority of the information flow in an organization). 

The work we do to survive has always evolved, this is the next step.

If you don't believe me, start building an agent for whatever it is you do personally—music, movies, research, cooking, travel, etc. As you start getting traction, apply that to every job at the company you work for. You'll see how we humans are becoming tech support. Because there's less risk in centralizing and systemizing expertise, which is why entry level jobs are looking pretty abysmal right now (when you build an agent, you're essentially building an analyst). 

This isn't meant to be a cynical dooms day post, just being realistic about the wave that's forming. Whenever there's a big oopsie that causes catastrophic market damage, we'll see a surge in mandated AI governance jobs, and round and round we go. And of course, innovation often requires humans to break the rules and introduce creative novelty that automated agents, by their nature, are designed to follow. 

The real long-term value will likely lie in the creative interplay between hyper-efficient AI agents and highly strategic human overseers.

Veloce Capital

Vice President of Finance and Compliance

Cardinal Financial Consulting

Managing Director

The Fund School

Co-Founder

MG Stover & Co.

Working with Crypto Hedge Funds, hedge funds and fund of funds.

Accounting Manager - Hedge Funds

State Street

I spent 13 months in the Private Equity Real Assets group at State Street where I gained experience in Private Equity/Real Estate, Investran, and waterfall calculations.

- I onboarded and managed over 10 Private Equity and Real Estate Funds and related feeders and 
  lending/borrowing entities.  I created and managed the initial fund workpaper packages and created 
  reporting in Report Wizard.

- Managed a  group of accountants, worked with them to try an achieve the goals set out for them, and 
  teaching them the processes to effectively complete the duties requested.

- Calculated and reviewed borrowing documents for the related funds, quarterly financial statements, and waterfall calculations (Total Return and Deal By Deal).

Vice President - Private Equity/Real Estate

ACP Investment Group

A small PE firm originally independent from NYPPEX but reorganized under the parent company NYPPEX.

Value multiple PE portfolio's on a quarterly basis.

Work on audit and financial reporting for past due audits.

Work on investor service requests.

Verify custody of positions

Senior Vice President - Controller - Private Equity

NYPPEX Private Markets

Prepare the books and records for multiple companies and consolidate them for financial purposes.

Work on the Broker/Dealer books and records and work with the FINRA representative for the month end closes 

Maintain cash/accounts payable/receivable, and create a process to avoid risk.

Create financial statements for the multiple entities and create consolidated financials.

Work on budgets - forecasting and historical, identify waste and cut costs.

Create a share record of existing shareholders for "possible" IPO

Identify impropriety.....

Senior Vice President

Morgan Stanley

Act as single point of contact for hedge fund clients and cooperating with the Firm’s offshore operations and clients to resolve daily trade and accounting breaks 

Preparing/reviewing monthly closing procedures and ensuring compliance with established accounting procedures and controls including all fund expenses are accrued timely and in accordance with GAAP 

Performing monthly master-feeder accounting allocations 

Coordinating year-end audit with client and independent auditors and preparing/reviewing draft annual financial statements.

Account Manager

Citi

Accounting Supervisor

Review daily/weekly/monthly accounting packages (NAV), estimates, tax, financial statements, and other ad hoc reports due out to the client.

Manage staff, seniors, and supervisors on the related hedge funds and fund of funds, coordinate with other supervisors in order to create a balanced work schedule.

Create standard operating procedures (SAS 70), checklists, training for monthly processes such as NAV packages and complex allocations. 

Manage relationships with the client, auditors, brokers, and internal teams such as investor services, tax, and financial statement groups.

Interviewed/hired prospective employees and perform written and verbally reviewed staff under my management on a quarterly/annual basis.

Engaged in many successful audits and financial statement releases by creating supporting schedules, and managing the information.  Reviewed financial statements, footnotes, and schedules in order to provide an accurate package to present to the auditors.

Investor Services - Global Transfer Agency Platfo  Allocations Integration

Joined a project team as the global business lead for fund accounting that created a global transfer agent platform with an integrated allocation platform with complex management and incentive fee structures.

Create business requirement documents and other ad hoc reports in relation to the project, create test scripts for the group to follow when testing the product or multiple funds for proof of concept.

Run focus groups within the multiple locations in order to gather all of the appropriate information for the project.  Work with IT group to implement project phases.

Special Projects

Run a forensic accounting project on a bank account with little controls.  Design controls and create a report on the different possibilities of fraud.

Create an independent report on the private equity fund allocations process, trace back and recreate the process, and add recommendations to create a leaner process.

Supervisor

I am here to solve problems in the alternative investment space.  

Set up a call and find out

https://calendly.com/ryanyates/30min

taplio

The Battle

Josh Oliveira

Ryan Yates

Followers

Posts

Engagements

Likes

Performance ScoreJosh Oliveira's LinkedIn Performance

Ready to grow your LinkedIn presence?

taplio

The Battle

Josh Oliveira

Ryan Yates

Followers

Posts

Engagements

Likes

Performance Score.css-goub6s{font-size:var(--chakra-fontSizes-md);font-weight:500;color:var(--chakra-colors-gray-600);display:block;margin-top:var(--chakra-space-1);}Josh Oliveira's LinkedIn Performance

Ready to grow your LinkedIn presence?

Performance ScoreJosh Oliveira's LinkedIn Performance