WESTLB AG SECURITIES, New York 1992 to present
Full-service banking for corporate clients and institutional investors. Services include clearance and custody services, credit and loan facilities, asset management, and equity solutions.
Associate Operations Director 2001 to present
Responsible for processing purchase and sales transactions booking as well as systems/process/trader support. Staff: 5; report to Director of Operations.
Led trader support staff in processing fixed income, mortgaged-backed, and domestic/international securities and equities through various clearance systems. Managed task assignments, performance management, human resources, training.
Improved operational efficiency of dual system input. Coordinated activities required to improve system functionality which eliminated a process that decreased reconciliation required, improving turnaround time 81%.
Developed strategy to provide bank branches with clearance and custody services of securities, theretofore contracted with outside vendors. Resulted in significantly increased revenue and reduced branch expenses.
Devised process that eliminated buildup of incoming calls from branches to various staff members by setting up a dedicated help desk function which improved customer service and increased productivity substantially.
Eliminated need for monthly manual reporting of custodial accounts collaborating with Systems to develop a daily-automated reconciliation function. Decreased time, effort, errors, and improved custody reporting.
Manager/Government Securities Specialist 1992 to 2001
Led processing and clearance of equities, domestic/international securities, and special projects.
Managed settlement staff in securities clearance through Bank of New York GSCX Clearance system. Processed and cleared government and mortgaged-backed securities.
Monitored securities pledged to various secured safekeeping locations for Guaranteed Investment Customers.
Maintained proprietary portfolio management system for trading staff.
Created recording macros utilizing software applications to expedite trade processing, reducing errors caused by manual input.
Confirmed and provided audit trail of daily fixed-income, time deposits, and commercial paper trades.
BANQUE INDOSUEZ, New York 1987 to 1992
Global Investment bank offering corporate, investment, and private banking services.
Derivatives Product Manager 1990 to 1992
Responsible for ISDA documentation of Interest Rate Swaps, Caps, Floors, Collars, and Forward Rate Agreements. Reported to Manager, Back-Office Operations.
Reported daily P&L for Interest Rate Options, Caps, and Floors.
Calculated daily margins for financial and option futures and for pricing Caps and Floors.
Supervisor Government Securities
Responsible for cashiering, reconciling trade book positions, and balancing internal bank accounts. Staff: 3; reported to Manager, Back-Office Operations.
Processed money market instruments, government securities, and financial futures.
Effected money market payments via Chips.
Created computer generated monthly Bankers Acceptance Report, eliminating time-consuming manual report being reported to the Federal Reserve Bank.
CITIBANK, N.A., New York 1984 to 1987
Full service bank offering banking, credit, investing, insurance, mortgages, and loans.
Operations Clerk
Responsible for data entry of all trades to reflect daily traders position. Reported to Vice president, Operations.
Produced daily Carry Income Report for Money Market traders reflecting financingpositions.
Designed and implemented spreadsheet programs resulting which resulted in a times saving of 46% due to the elimination of manual processes.
Researched and corrected procedural problems involved in Carry Income reporting.
Tested and implemented the processing of trader information.
PROFESSIONAL DEVELOPMENT
Series 7 Registered Representative
EDUCATION
City University of New York, Kingsborough Community College, AAS Degree in Applied Sciences, Accounting, 1983.
SYSTEMS EXPERTISE
ICI/ADP Brokerage System; Mortgage Backed Securities Clearing Corp. (MBSCC); National Securities Clearing Corp. (NSCC); Government Securities Clearing Corp. (GSCC); EUROCLEAR); Microsoft Office; Bloomberg Financial Systems |
