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Associate Broker Resume

New, YorK

PROFESSIONAL SUMMARY:

Served in management roles over a 20 year career within Collateral Management (Margin), Portfolio Reporting, and Trade Settlement. Possess Strong analytical, interpersonal and problem solving skills with an ability to deal successfully with a diverse group of professionals, clients and senior management.

AREAS OF EXPERTISE:

  • Client Service Middle Office
  • Prime Brokerage Ops Broker Dealer Ops
  • Domestic / Intl Settlements Margin / Collateral Management
  • Fixed Income Equities / Options

WORK EXPERIENCE:

Associate Broker

Confidential, New York

Responsibilities:

  • Senior Account Manager and Acting Business Controls Manager catering to Institutional Broker Dealers and Confidential (Mini Prime) clients.
  • Point of escalation for Clients and Core Operations and Middle Office.
  • Liaison between Clients and Risk Depts.
  • Final Approval for Broker Dealers removal of Assets. This includes wires, asset transfers, ACATs and Journals.
  • Help protect JPMorgan’s branding by scanning Broker Dealer Client’s web site to insure we were listed in the correct role.
  • Approved Broker Dealer’s participation in Syndicates.
  • Introduce Broker Dealer and/or their Hedge Fund clients to various lines of business within JPMorgan, i.e. Futures, Derivatives, FX and various trading desks.
  • Onboard 3rd Party Vendors, i.e. Trading Systems, Accountants, Money Managers, etc.
  • Trained clients on current MORCOM Platform and retrained when new applications were added or updated.
  • Meet with the Sales Team on prospective clients and re - pricing for existing clients.
  • Worked with the onboarding team to fully integrate new Broker Dealer clients.
  • Part of De-conversion team helping off-board Broker Dealers leaving the firm.
  • Approved Mutual Fund waiver’s for Broker Dealers.
  • Approved accounts for Confidential .
  • Ensured accounts maintained the PB minimums set by the firm and SEC No Action letter of 1994.

Associate Director

Confidential, New York

Responsibilities:

  • Managed support team for Prime Brokerage's internal portfolio, tax lot accounting and accrual system. The system maintains Tax Lot information for over 55,000 accounts and produces Inventory and PNL reports/data files for Confidential, Broker Dealer, and Investment Advisory clients.
  • Meet with client's Controllers, Traders, and Operations Managers to provide consultation on our suite of reports available for their responsibilities.
  • Researched and resolved discrepancies between portfolio reporting and books/records.
  • Initiated meetings with product management to discuss enhancements to portfolio systems and reports.
  • Coordinate with the firm's Corporate Actions team to identify and interpret upcoming events.
  • Researched and fixed Market Data issues to maintain integrity of Portfolio system. Coordinate with ADP to ensure accurate descriptions, issue dates, pay dates, etc.
  • Develop departmental supervisory procedures and SLA’s

Vice President Collateral Management

Confidential, New York

Responsibilities:

  • Managed eight Collateral Managers, two based in London, two in San Francisco, four in NY who monitored and conducted due diligence on Hedge Fund, Broker Dealer and Correspondent accounts for Reg T, NYSE, House maintenance and/or 15c3-1 (Net Capital).
  • Specialized in handling enhanced leverage accounts and other top tier clients.
  • Consulted with clients and Risk to determine which enhanced leverage vehicle will maximize "Buying Power."
  • Part of IT group who oversaw projects and development of new tools for both staff and clients.
  • Instrumental in the development and testing of on-line wires, and on-line option exercises for clients.
  • Managed option expiration process for Global Clearing Services.
  • Friday of expiration oversaw the processing of contrary notices for both customers and Market Makers.
  • On Saturday morning, coordinated with the Option Clearance group to research and resolve all breaks for the Confidential range of accounts

Supervisor

Confidential, New York

Responsibilities:

  • Monitored DVP/RVP settlements for Correspondents, Prime Brokerage, and all branch offices.
  • Responsible for both Lehman and Bear Stearns accounts.
  • Liaison between the various departments and contra brokers for settlement differences.
  • Ensured affirmation of confirms by agent or secured letters of free credit.
  • Utilized Stock Loan and the International Department to locate securities to avoid failing
  • Tracked, researched and recovered all unsecured debits in accounts.
  • Arranged for settlement pair offs and swapping of SPO’s.
  • Applied for extensions for Reg T.
  • Worked with Stock Loan on settling aged deliveries.
  • Liased with Buy Ins for outstanding Fails.

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