CEO and Chairman of the Board
Jerry Flum is a former hedge fund manager and lawyer. He has been Chief Executive Officer and Chairman of the Board of Directors of CreditRiskMonitor® since 1999. Before CreditRiskMonitor®, Mr. Flum held a series of investment leadership roles, including as an institutional security analyst, research and sales partner at an investment firm and founder and general partner of a private investment pool.
Before entering the investment business, Mr. Flum practiced law, helped manage a U.S. congressional campaign and served as a legal and legislative aide to a U.S. Congressman. He has been a guest lecturer at the Massachusetts Institute of Technology/Sloan School of Management Lab for Financial Engineering. He served in the USMCR and holds a B.S. in Business Administration from Babson College and a J.D. degree from Georgetown University Law School.
Senior Vice President & Chief Operating Officer
Michael Flum joined the Company on in June 2018 as Vice President of Operations & Alternative Data. He was elected Chief Operating Officer in 2019 and is responsible for operational strategy and implementation leveraging technology to improve the efficiency of human capital and work processes.
Prior to joining CreditRiskMonitor®, Mr. Flum served as Vice President of Operations at Gullett & Associates, Inc., a Houston-based midstream oil & gas survey and drafting services firm from 2016-2017. Mr. Flum held various engineering and project management roles at Enterprise Products Partners, a Houston-based oil & gas pipeline owner/operator from 2009 to 2016. During his time in the oil & gas sector, Mr. Flum successfully completed pipeline and plant projects totaling more than $1.3 billion dollars. He was also able to install processes which streamline service offerings and unify customer experience across teams. Mr. Flum holds an M.B.A. from Columbia Business School as well as a B.S. in Mechanical Engineering and a B.A. in Religious Studies from Rice University.
Steven Gargano, CPA
Senior Vice President & Chief Financial Officer
Steven Gargano, CPA has more than 20 years of experience in financial services, product development, workflow optimization, operations, customer experience, and financial technology. Prior to joining CreditRiskMonitor, he was the Managing Director and Head of Financial Information & Risk Analysis for over $12B in assets at 1199SEIU Pension and Benefit Funds. Before that, he served as a Senior Managing Director and Head of Product Development and Customer Support for U.S. Bancorp Fund Services’ Alternative Investment Solutions division. Prior to that, he was the Managing Director and Head of the Planning, Strategy, and Implementation Group for the Accounting, Finance, and Back Office groups at Mariner Investment Group. Prior to joining Mariner, he worked at Deloitte & Touche within the firm's Investment Management Business Advisory Services consulting group in New York. Prior to that, he held the Product Controller position at Gabelli Asset Management responsible for managing the middle office and its functions for all alternative products and their respective trading activities. He started his career at Arthur Andersen working as an auditor in the Financial Service Industry Asset Management & Capital Markets Group specializing in brokerage and hedge funds. Recently, he served as Head of Finance & Operations for financial technology platforms specializing in creating technology and service models for private equity, hedge fund, wealth management, and service providers.
Mr. Gargano is a graduate of Harvard Business School. In addition, he graduated with honors from Cornell University in Applied Economics, Management, and Accounting. He also serves on the board of Cornell University’s College of Business. He is a Certified Public Accountant, and a participating member of the NYSSCPAs.
Senior Vice President & Chief Technology Officer
Michael Broos has been Chief Technology Officer since December 2001. He has more than 40 years of experience leading technology teams in the development and implementation of software applications for the Internet, Windows, DOS, and mainframes.
Before joining the Company, Mr. Broos was Senior Vice President of Technology for About.com; Chief Technology Officer of Fan2Fan.com; Chief Technology Officer of AKA.com; Vice President of Internet Solutions for Inventure.com; and Vice President of Software Development for Dun & Bradstreet for eight years.
Prior to joining Dun & Bradstreet in 1990, Mr. Broos was an independent consultant and entrepreneur for 10 years, during which time he co-founded several software companies, including Infocom (the creators of Zork). Mr. Broos began his career with a ten-year stint on the academic computer research staff of the M.I.T. Laboratory of Computer Science, where he developed interactive, graphical and email-based applications for the ARPANET (the precursor of today’s Internet).
Senior Vice President, Information Technology
Michael Clark was promoted to Senior Vice President of Information Technology in August 2018 and is now responsible for all aspects of technology. Previously, he had been Vice President of Software Development since May 2002. Mr. Clark brings more than 30 years of software design and development experience. Prior to joining the Company, from 1997-2001, Mr. Clark was Director of Software Development for The Technology Group, creating early web-based smart-document and legal expert systems. From 1988 to 1996 he helped develop the award-winning word processing system Nota Bene, enabling multi-lingual document editing in Windows and MS-DOS systems.
Mr. Clark has a B.A. in Computational Mathematics from the University of Buffalo.
Senior Vice President of Sales and Service
Peter Roma joined the Company in October 2004 as an Account Executive. In 2010, he was promoted to Vice President of Sales where he was tasked with implementing firm wide the sales process he had developed while an Account Executive. In August 2017, he was promoted to the newly formed position of Senior Vice President of Sales and Service, and is now responsible for both new sales growth and the servicing of our current subscriber base.
Mr. Roma has more than 35 years of sales experience. He started with Metropolitan Insurance Company but spent most of his career in financial services working for Shearson Lehman Bros., Inc. and then Merrill, Lynch, Pierce, Fenner & Smith where he was a Vice President-Private Client.
Senior Vice President, Quality Assurance
Kirk Ellis became Senior Vice President of Quality Assurance at CreditRiskMonitor® in 2019 after previously serving as Vice President; he has led the QA department since 2008. Mr. Ellis guides a team of more than 30 data and financial analysts who ensure the data quality and integrity of our information and scores, including benchmarking the ongoing accuracy of our proprietary FRISK® Score.
He has more than 20 years' experience in information services, focused on financial data collection, quality and research. He joined CreditRiskMonitor® in 2005 as a research analyst and has held a series of progressively responsible data leadership roles. Before coming to CreditRiskMonitor®, Mr. Ellis managed data and analytics teams at Citigate Financial Intelligence and at Thomson Financial Research.
Mr. Ellis holds a B.A. in Economics from the State University of New York at Purchase.
Senior Vice President, General Counsel and Secretary
Jonathan Levy joined the Company in September 2019 as Senior Vice President, General Counsel and Secretary. He is responsible for the Company’s legal and compliance matters, as well as for leading its strategic alliances and partnerships.
Mr. Levy has more than 25 years’ experience as a corporate, commercial and transactional attorney working for a prestigious law firm, private equity firm, and corporations. Prior to joining the Company, Mr. Levy was Senior Vice President, General Counsel and Corporate Secretary of a global retail, e-commerce, and consumer goods company.
Mr. Levy received an M.B.A. from Columbia University and a J.D. and B.S. from Michigan State University.
Senior Vice President
Larry Fensterstock resigned as Chief Financial Officer as of close of business on Mar. 31, 2020. He was elected Chief Financial Officer in 1999 upon the company’s acquisition of Market Guide’s credit information services division. Mr. Fensterstock joined Market Guide in September 1996 to help create its credit information services division. From 1993 to 1996, he was with Information Clearinghouse Incorporated ("ICI") and was closely involved in the formation of its credit reporting service. In addition to being responsible for the publication of the various facets of this credit reporting service, Mr. Fensterstock was chief operating and financial officer of ICI.
From 1989 through 1992, Mr. Fensterstock was Vice President-Controller, Treasurer and Corporate Secretary for a private entity formed to acquire Litton Industries’ office products operations in a leveraged buyout. He spent more than two years acting as de facto chief financial officer.
Mr. Fensterstock is a certified public accountant who began his career in 1973 with Arthur Andersen LLP. He holds an M.B.A. from The University of Chicago Business School and a B.A. in economics from Queens College.
Vice President, Client Services
Chris Chach joined the CreditRiskMonitor® executive staff in 2017. He has served the company since 2012, rising up from an Account Manager role to his current position as Vice President of Client Services.
He heads a team of more than 15 account managers and works tirelessly across departments to build the synergy necessary to improve client care – an attitude born out of spending half his life in retail and telecommunication customer service. His ethos is tailored, proactive dedication for each account, based on the experience and knowledge that no two clients use the CreditRiskMonitor® service the same way. From 2013 to 2017, Mr. Chach led the charge in growing the trade department, greatly increasing client retention and sales in the process.
Mr. Chach earned his B.A. in Sociology from Binghamton University.
Vice President, Marketing
Nicholas Walz joined CreditRiskMonitor® in 2017 and has served as Vice President of Marketing since the summer of 2018.
His experience has touched all realms of B2B and B2C digital marketing, including content development, front-end web development, e-mail marketing automation, lead generation, events (trade shows, seminars, and webinars), graphic design, and social media. Immediately before coming aboard to the CreditRiskMonitor® team, Mr. Walz served as Senior E-Commerce Manager for Vitec Imaging Distribution, Inc., where he led the company’s U.S. division into becoming the No. 1 territory for revenue and profitability in online sales. Mr. Walz began his career as simultaneously a digital producer for the United States Tennis Association and sports journalist with Gannett.
Mr. Walz earned both an M.A. and a B.A. in English from the State University of New York at Albany.