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Foreign Exchange And Fx Options Middle Office Support Resume

Stamford, ConnecticuT

SUMMARY:

Middle office specialist with over 20 years of foreign exchange, fx option, and prime brokerage experience. Results driven and clients oriented individual who works well as a team player. Experience working in fast paced environments, and have developed and implemented operational controls to add value for the firms.

CORE COMPETENCIES:

  • Risk management
  • Client relationship management
  • Operational development / enhancement
  • Reporting / compliancy
  • Team leadership

PROFESSIONAL EXPERIENCE:

Confidential, Stamford, Connecticut

Foreign Exchange and Fx Options Middle Office Support

Responsibilities:

  • Compile data and generate daily / monthly trading statistic reports for management.
  • Provide support for trading, corporate sale desks vs internal and external parties.
  • Perform daily risk management tasks such as end of day checklist, trades matching report, and monitor positions for corporate sales desks.
  • Research and resolve all FX, options, MM, futures, and NDF related queries.
  • Ensure new corporate accounts are set up and maintained properly.
  • Update and maintain cross NDF fixing schedule for EM trading desk.
  • Assist in trade allocations for deals vs corporate and institutional clients.
  • Lead monthly meetings with other support teams to discuss various issues and concerns raised.
  • Create write ups for various fx process and revise existing procedures to increase efficiency.
  • Monitor trades’ status and resolve deal discrepancies to ensure the trades are given up seamlessly.
  • Collaborate with other support teams to improve the existing PB procedures for efficiency purpose.
  • Perform daily internal checks for risk management purpose and generate reports for client’s needs.

Confidential, New York, New York

FX / Arbitrage Operations Support

Responsibilities:

  • Provided middle and back office support for the arbitrage trading group in areas such as position reconciliations, deal bookings, and funding related issues.
  • Maintained and reconciled EFPs. Acted as liaison between traders, sale desk, finex settlement, and floor broker regarding EFP related issues.
  • Updated daily ccy markout tables for p&l reporting purpose.
  • Assisted corporate service group in trade allocations and novation amendments vs corporate clients.
  • Acted as liaison between trading, sale desks and risk management groups.
  • Provided timely replies for queries sent by other fx support groups.
  • Provided support for fx spot and forward desks vs brokers, financial institutions, and other internal trading desks.
  • Verified details of all reuters trades done by spot and forward desks.
  • Maintained firm’s integrity by upholding credit and compliance guidelines vs new and existing clients.
  • Confirmed and maintained give up deals via reuters, harmony system, and emails.
  • Acted as liaison between sale desk and other financial institutions regarding give up related issues.
  • Allocated give in deals vs clients.
  • Booked and maintained vanilla / exotic option deals via MS access program.

Confidential, New York, New York

Forward rate arbitrage support

Responsibilities:

  • Provided general support for forward rate arbitrage trading desk.
  • Calculated and executed daily funding requirements to cover realized P/L positions.
  • Maintained very extensive interest and basis swaps and implemented new process to calculate p&l for such products using access program.
  • Built yield curves and provided daily p&l reporting to portfolio management.
  • Acted as liaison between traders, customers, and brokers.
  • Maintained and updated customers’ database for risk and credit exposure.
  • Confirmed option, spot, phlx, imm, and hedges trades with financial institutions, corporate clients, traders, and brokers.
  • Checked trade details on traders’ blotters sent from various locations)
  • Reconciled general ledger accounts on a daily basis.
  • Maintained cash balances of all brokers involving phlx.
  • Verified all outgoing payments and reuters conversations to ensure accuracy.
  • Monitored all margin customer accounts on a daily basis.
  • Prepared monthly auditing reports for both the federal regulators and internal controllers.

Confidential, New York, New York

Foreign Exchange support / position clerk

Responsibilities:

  • Responsible for maintaining the daily positions and liquidity of all currencies, both fx spot and forward.
  • Reconciled nostro accounts for all currencies on a daily basis.
  • Confirmed foreign exchange deals with other financial institutions and corporate clients.

Confidential, New York, New York

Foreign Exchange support

Responsibilities:

  • Assisted foreign exchange traders in reconciling their positions.
  • Prepared daily p/l report for the fx department management.
  • Verified and corresponded all incoming telexes and swift messages.
  • Confirmed and booked FX, FRA, IRS, and MM deals via IBM’s as400 system.
  • Verified broker confirmations, reuters, and telexes against deals to ensure accuracy.

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