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Resume

ConsultanT

SUMMARY:

Goal and results oriented back office expert with an extensive experience managing all aspects of hedge fund and brokerage operations. Expertise includes fixed income & equity settlements, back/middle office trade support, repurchase agreements, reconciliation, derivatives operations, invoice/billings and operational controls. Expert on Confidential ’s Federal Reserve GSCX settlement systems and worked on UAT projects teams on updating trade booking and modeling. I'm an outstanding team player, I have strong management skills and I have record of success in developing and maintaining strong business relationships with associates and clients. I have exceptional legal, accounting and organizational skills in reporting financial analysis and the ability to perform under aggressive time frames.

AREAS OF EXPERTISE:

  • Brokerage Operations
  • Repurchase Agreements
  • Derivatives Collateral Management
  • Operational Controls
  • Prime Brokerage
  • DTCC/GSCC/MBSCC
  • Settlements Fixed Income & Equity Products
  • Treasury/Mortgage Backed Securities
  • Aexeo FX
  • Settlements
  • Reconciliation
  • GSCX Settlement Systems
  • Project Management
  • TMPG Hedge Serv. / LCH CME

PROFESSIONAL EXPERIENCE:

Confidential

Consultant

Responsibilities:

  • Succeeded with a 75% reductions in reconciliation breaks, implementing new settlement process and by increasing communication with Confidential, our fund administrator
  • Setup a position rec report showing all outstanding and position breaks across +20 PBs and various product and collateral types
  • Brought Fortress into regulatory compliance with paper trade affirmations in Mark It Wire for 50+ trades weekly. Settled/ confirmed CDS, Interest Rate and Currency Swaps
  • 50% improvement on trade confirmation process by implementing teamwork on the division of duties
  • Confirmed monthly interest billing for various counterparties; resolved invoice disputes between counterparties
  • 60% improvement settlement timeliness by working directly with the top three counterparties causing the majority of the breaks
  • Setup new non USD funding reporting in order improve cross currency issues settlement issues, reduce balances and help management analyze AUM & margin collateral.

Confidential, New York, NY

Consultant

Responsibilities:

  • Achieved 10% cost reduction by facilitating enhancements and new business models for internal Settlements and Financing Exceptions (SAFE) system with Graphic User Interface (GUI)
  • Spearheaded operational control project identifying over 3,000 invalid and failed internal system missions and increased overall system effectiveness
  • Saved 1.5 employee hours daily by improving reporting of fails/metrics; created new spreadsheet system for reporting results to senior management
  • Project team member on UAT testing of new OCC/CME booking model over the GSCX system; this was vast improvement over the past systems where regulatory funding was done vs. MS & Co.
  • Prime brokerage team and DTC settlements group

Confidential, Brooklyn, NY

Consultant

Responsibilities:

  • Key leader new Graphical User Interface streamlining settlement systems into new SAFE systems, where cost were reduced and reporting was more robust
  • Interfaced with various trading desks, department managers and auditors on problematic accounts and setup new procedures. For example, I worked directly with the repo desk and salesman on a large mutual fund that was increasingly failing on trades, I setup a procedure where a mid - day fails report was sent to the settlements team and I would then speak to different custodians about the client’s trades.
  • Worked directly with trading desk on daily calculations for different regulatory bodies and processed requirements
  • Team leader on all process improvement projects and worked directly with IT on settlement and regulatory requirements

Confidential, New York, NY

Consultant

Responsibilities:

  • Traveled the life of a trade and worked with several groups such as P&S, Reconciliation, Settlements, stock loans and trading desk
  • Improved processes by reducing paper usage by moving to an On Demand reporting system
  • Identified problematic accounts and procedures that were root causes for trade failures and made recommendations to improve the processes
  • Worked with IT dept. on setting up and stream lined US Treasury Settlements and the reconciliations groups overall daily workflow reducing man hours by 20%
  • Worked directly with different funding groups on proper cash balances between different internal Confidential companies

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