SUMMARY:

• Seasoned Operations Professional with strong Back, Middle & Front office experience concentrated in Fixed Income, Derivatives and Foreign Exchange.
• Proficient in DTC, RTTM, Bony, Sungard, Swift, Shadow, BTS, OPICS, FX Manage, Fortis, Excel, Word AND Lotus systems.

PROFESSIONAL EXPERIENCE:

Confidential, NEW YORK, NY

Securities Operations Settlements Manager

Responsibilities:

• Supervise a staff of five clerks in the Security Operations Settlements Department which consists of Euroclear, Fed, MBSCC and DTC settlements.
• Primary contact for our Prime Brokerage accounts.
• Assist with any questions related to there positions, financing and P&L. Process, clearance and reconciliation of all trades settling via DTC, CNS and MBSCC.
• Monitor all GSCC,MBSCC, CMU, and DTC daily trade breaks and resolve all differences for various trading desks.
• Monitor DTC seg deficits. Responsible for all aspects of the MBSCC netting process.
• Manual Input of all trades. Daily NOS’s. Daily Margin calls and monitoring EPN.
• Processing of Allocations and Trade Assignments. Confirm x - clearing trades with counterparts.
• Investigate all failed trades, non- payment of interest, dividends and maturities.
• Daily volume statistical compilation.
• Act as a liaison between Traders, Brokers and our Custodian Bank. Daily compilation and monitoring of Prime Brokerage account margin requirements. Daily and Monthly Operational Reserve and Control accounts. Prepare and distribute monthly broker statements to counterparts for all Credit Derivative Swaps and Give Up business. Prepare staff evaluation. Schedule training and seminars for staff development. Department’s primary representative for systems testing and new module implementation

Confidential, NEW YORK, N.Y.

Operations Manager

Responsibilities:

• Supervise a staff of four clerks in the Money Market trade processing operations area, which consists of Derivatives desk, Securities/Fixed income desk and Foreign exchange desk. Review and authorize Equities,
• MBS, ABS, FNMA, T-Bills and Bonds, Spot and Forward Foreign Exchange deals, Money Market transactions, Interest rate swap, Credit Derivative swap, Swaptions, Cross Currency swaps, Cross Currency options, Exotic Currency options, Non Deliverable Forwards, Security trades and newly issued CDs.
• Manually monitor knock in and out barriers for Options and observation dates.
• Check and authorize daily maturity payments.
• Ensure that interface into BCS was completed and swift messages MT202, MT100, MT300 and MT320 are correct and released. Maintain missing confirmation report.
• Investigate and respond to inquiries from Branches/Departments.
• Update standard settlement instruction in treasury system.
• Investigate non-receipt of funds or discrepancy in amounts and initiate compensation claims.
• Monitor the daily workflow in area. Authorize and sign payments up to $ 50mm.
• Process and maintain option portfolio. Monitor and update customer limits.
• Reconcile Nostro correspondent bank accounts for foreign currency, Money Market’s funds held settlement account, Option Portfolio and Accounting general ledger reconciliation on a daily and monthly basis and clear all open exceptions. Review and authorize swap confirmations.
• Open new products codes, customers and issuances.
• Maintain a daily trading volume and error log. Run end of day reports to ensure system closes properly.
• Act as Liaison between counter party and trading room as well as senior management and Operations staff.
• Prepare staff evaluation. Schedule training and seminars for staff development.
• Department’s primary representative for systems testing and new module implementation.
• Communicate extensively with clients.

Security Processing Administrator

• Reconciled daily the funds held securities processing account and the security trades that where processed at our Custodian Bank.
• Phone confirmed trades with counter party and ensured written confirms where sent.
• Investigated all failed trades, non- payment of interest, dividends and maturities.
• Processed, input and affirmed all security trades for clearance through GSCC, DTCC, PTCC and EUROCLEAR.
• Monitored Corporate Actions to ensure they were answered and processed within the required time.
• Reorganized and reconciled the Bank CD portfolio.
• Reconciled monthly broker statements and portfolio for securities held at custodian bank.
• Monitored and reconciled GTC open order trades.
• Acted as a liaison between Private Banking, Traders, Brokers and our custodian bank and assisted Private Banking with questions regarding debiting and crediting of there customer accounts.

Confidential, New York, NY

Security Input Officer

Responsibilities:

• Supervised a staff of sixteen clerks in the securities operations input area for DTC, FRB, and PTC securities;
• Monitored the daily workflow in area to ensure work was processed in a timely manner;
• Trained new personnel and assisted clerks with questions regarding input of trades.
• Researched trades that had incomplete information.
• Acted as a liaison between senior management and Operations staff. Internal and external interaction with clients;
• Assisted Administrators with questions and processing of trades;
• Assisted with employee evaluation and formal written warnings; Area’s primary representative for the year 2000 testing of the internal and the external system.

Security Clearance Clerk

• Monitored the receive and delivers of GNMA securities through ASP and PTC systems, checked incoming wire for correct trade details, referred unknown or incorrect trades to Account Administrators.
• Set up new security cusips.
• Ensured that securities where delivered on settlement date.
• Opened and closed trades for agent loan accounts.
• Setup and monitored multi repo trades.
• Modified, adjusted and settled trades.
• Prepared daily status report that was used to ensure proper billing from PTC.
• Prepared and Processed end of day proof for agent loans and multi repos.

Security Input Clerk

• Processed FRB, DTC, and GNMA trades; Modified trades with correct information;
• Confirmed details of trade with Account Administrators;
• Worked very close with Sunguard Account Administrators cancelled and modify all trades for their accounts.
• Processed trades on the TAS system.
• Processed and balanced outgoing wires.

Confidential, Brooklyn, NY

Bookkeeper

Responsibilities:

• Prepared statements for payments to suppliers, investigation of late payments on customer accounts and past due credits from suppliers.
• Printed customer statements and aged accounts.
• Maintained records and control cost on inventory.
• Opened new customer accounts and matrix accounts for proper discounts, and prepare inventory purchase orders.
• Establish proper pricing formulas for correct profit margins. Printed daily sales reports and invoice journals.
• Entered new parts inventory. Approved all voided sales, returns, and post payments to accounts.

Confidential, Brooklyn, NY

Assistant Bookkeeper

Responsibilities:

• Answered and directed phone calls, scheduled appointments with customers.
• Prepared and processed sales contract and finance agreements.
• Verified sales with customers.
• Prepared and deposit the weekly bank and credit card deposits, collected funds for returned checks and outstanding accounts.
• Balanced impress fund for myself and service manager, submitted all branch bills on a monthly basis to head office.
• Assisted in Bi-yearly audits.
• Prepared and processed weekly work schedules and payroll forms.

Confidential, New York, NY

Foreign Exchange Clerk

Responsibilities:

• Processed daily contracts, Euro deposits and Fed fund tickets.
• Recorded trade contracts into logbooks, confirmed details with corresponding banks and brokers.
• Calculated daily base rates, and recorded daily contracts pending from previous day.
• Prepared monthly broker bills and forms for payment and the daily maturity list for incoming payments.
• Investigation of non-receipts and late payments, check and file incoming written confirmations and input daily contracts through IBM 38.