Born in New York City, Rear Admiral Mulloy grew up moving about America as the son of a naval officer. He graduated with distinction from the U.S. Naval Academy in 1979 with a Bachelor of Science degree in Marine Engineering. He also attended Harvard Graduate School of Business, graduating in 1987 with a Master of Business Administration.

His operational submarine assignments were aboard USS Trepang (SSN 674), PCU Miami (SSN 755) as engineer officer, USS Puffer (SSN 652) as executive officer. He served as commanding officer of USS San Juan (SSN 751) and commander Submarine Squadron 15 in Apra Harbor, Guam. In addition to the normal SSN deployments, Mulloy has twice deployed to the Arctic and has surfaced at the North Pole.

Mulloy’s significant shore assignments include tours as Plans and Briefing officer and the Special Operations assistant to the Special Operations Division of the Office of Naval Intelligence (ONI-009G), Financial officer at the Pentagon in Operations Division, Office of Budget and Reports (NAVCOMPT), deputy commander of Submarine Squadron 4, executive assistant to the director, Submarine Warfare Division for the Deputy Chief of Naval Operations (DCNO N7/N8), Division chief of the Program, Budget and Analysis Division (PBAD) for Chairman of Joint Chiefs (JCS J8). Mulloy’s first flag assignment was as deputy chief of staff for Plans, Policies and Requirements, U.S. Pacific Fleet (N5N8), followed by a short tour as director, Programming Division, OPNAV (N80). He assumed his current responsibilities as Deputy Assistant Secretary of the Navy for Budget (FMB) / Director, Fiscal Management Division, OPNAV (N82) in October 2009.

Mulloy’s personal decorations include the Defense Superior Service Medal, Legion of Merit (three awards), Meritorious Service Medal (four awards), the Navy and Marine Corps Commendation Medal (three awards), and the Navy and Marine Corps Achievement Medal (two awards).