Established Finance Professional with both hands on and managerial experience with extensive knowledge of a wide array of financial products including MBS, ABS, Treasuries, Credit Derivatives and other complex financial instruments. I am recognized as an effective team leader with experience in project management, problem solving, and motivating staff to meet time sensitive deadlines in a fast paced environment.
Nomura Asset Management USAV.P. Fixed Income Middle Office/Operation09/2013 to 12/2014
Managed the Middle Office for three fixed income funds totaling over 500mm in AUM trading primarily alternative investment vehicles including Treasuries, Corporates, Mortgages(RMBS,CMBS, TBAs), IRS, CDX, Swaptions, FX Options.
Produced cash projection reports monitoring liquidity of Funds maintaining the daily Funds' requirements of 15 to 20 % of AUM.
Monitored daily cash management and financing of long or short Treasury securities and Corp bonds sent to Dealers for best Repo execution of rates and haircuts.
Executed FX spot and forward transactions weekly for the purpose of hedging currency exposure on repo haircuts if market value exceeded 1 percent of AUM in each Fund.
Reviewed and reconciled Firms' assets including OTC Derivatives /Futures/Cash statements from multiple Prime Broker.
Performed daily pricing of portfolio's assets using Bloomberg API importing Swap curves and Treasury prices, Markit and Broker quotes reporting PNL to PMs and Tokyo executives.
Communicated with Compliance gathering data for Form PF quarterly filing of Regulatory AUM and FATCA requirements.
Periodically reviewed and ensured ISDA/CSA agreements were in place before trades were executed with new counter parties.
Reviewed operational processes and procedures minimizing operational risk achieved by automating trade flow, T 0 confirmation and using metrics to pin point root cause for resolution.
Calculated monthly NAV reconciling to multiple Fund Administrators trial balances and balance sheets for time sensitive reporting to Investors.
Produced Counterparty exposure reports for collateral management mitigating risk with firms' CPs with efficient and adequate exchange of collateral based on MTM valuations of assets.
Assigned to represent Middle Office as project manager to implement Bloomberg AIM replacing current proprietary VBA and Macro driven Trade Order management system interacting daily with IT, Compliance and Bloomberg in the planning process.
Managed relationships with Funds service providers including Prime Brokers and Fund Administrators.
Participated in Operational Due Diligence meetings with potential investors representing Middle Office/ Operations Dept.answering investors' Operational Due Diligence Questionnaire requests.
Assisted in the planning of the flow of Swap and CDX executions through SEF on TradeWeb, Market Axes and Bloomberg.
Allocated Block trades to respective Funds in a timely manner to ensure exposure was calculated accurately for margin requirements.
Millennium Partners L.PNew York, NYVP Fixed Income Operations04/2002 to 09/2013
Managed and supervised a group of Fixed Income Operations specialists overseeing day to day operations including settlements, reconciliation and P&L of all MBS/ABS, TBA, Treasuries, Swaps (CDS,ABX/CMBX).
Assisted and coordinated with Risk management and Firms' outside pricing sources maintaining the Price Source Matrix receiving Independent pricing for hard to value MBS/ABS securities.
Reviewed reconciled transactions ensuring exceptions were addressed in a timely manner.
Assisted multiple PMs with P&L discrepancies including pricing, Trade capture and security set up in security master.
Researched and processed corporate actions on MBS and ABS securities.
Coordinated with custody and Prime Brokers to ensure accounts were properly funded for settlement of trades and funding of margin requirements on positions held.
Implemented and assisted in the automation of positions, cash and Total equity reconciliation from excel based to Smart Stream TLM third party platform.
On boarded multiple Fixed income Traders' opening up new custody accounts, setting operational procedures, Lines of Credit and new counter parties.
Communicated with IT writing project specifications for Traders reporting and enhancement requests regarding flow of daily P&L, Positions and CP exposure.
Automated the trade confirmation process implementing Omgeo CTM and Oasys reducing manual intervention for a more efficient trade flow dramatically reducing fail costs.
Interacted daily with Repo traders to confirm amount of financing required.
Implemented and set up UAT environment to test new trade capture system to perform daily P&L functions as well as cash and position reconciliation process.
Reviewed and evaluated annually Trade support staff.
Participated in discussions with senior management reviewing operational procedures coming up with recommendations to keep up with pricing and FASB accounting regulations of assets.
Communicated with Accountants and Auditors in assisting with research and answering any questions regarding GL and Firms' official books and records.
CDC Investment Management CoNew York, NYOperations Manager11/1997 to 03/2002
Managed and supervised a group of 6 professionals overseeing the daily processing, settlements and reconciliation of all fixed income related products (MBS,Treasuries,ABS) for the MBS Funds, including Eurodollar futures, options and Swaps.
Responsible for setting up operational procedures for new separately managed accounts with Transfer Agents, Custodians and Accounting Dept.mandated by the clients.
Authorized and initiated Fed wires for Money Market Desk including Time Deposits.
Initiated and confirmed bimonthly coupon payments on all U.S.Government Securities.
Planned and assisted in several system related projects including a conversion of several MBS Fund portfolios from a BONY Custody environment to the BONY Dealer Clearance area.
Assisted and implemented in the conversion to a Bloomberg and Quant repo trade capture system and a Swap cash flow tracking system from Summit to Bloomberg.
System administrator for the Bloomberg and QUANT trade capture system providing user privileges, setting up new securities, customer profiles and new accounts.
Communicated directly with service providers and counter parties resolving trade discrepancies and factor adjustments proactively minimizing fails and cash reconciliation items.
Managed and monitored TBA trades eligible with the MBSCC by reviewing reports either paying or receiving MBSCC margin, netting or exchanging pool information with Firms' trading partners.
Interacted with portfolio managers and repo desk to provide daily cash projections for company or separately managed accounts.
Trained and reviewed employees in all aspects of the settlement process including cash reconciliation and trade capture systems.
Assisted both internal and external auditors in evaluating trade operations to avoid irregularities and SEC and banking violations of Funds.
Credit Suisse First Boston CorpNew York, NYOperations Specialist12/1993 to 11/1997
Responsible for eligibility of all lead-managed asset-backed, CMO agencies, mortgage pass-through new issues settling either DTC, FED, PTC, or Physical.
Interacted directly with Financial analysts, Deal managers, Trustees and DTC underwriters to close time sensitive new issues initiating payments through the Fed wire system.
Communicated with Sales reps and Trading desk to resolve any trade discrepancies to either receive or deliver securities settling through the FED, DTC or PTC on a timely and efficient manner.
Balanced daily cash flow reconciling bank statements to internal trade capture system.
Reconciled and maintained traders cash and long/short stock record positions including repo financing trades.
Responsible for determining the appropriate collateral to be financed on term and overnight repos allocating tri-party and mix-bag repurchase agreements.
Monitored settlements of all fixed income securities including physicals ensuring proper eligibility and negotiability requiring proper documentation for transfer.
Researched P & I claims either recovering or making payments to customers/paying agents.
Bachelor of Science:FinanceST. JOHN'S UNIVERSITY, NY