Timothy A Gardner, CFA

443-***-**** acrzxt@r.postjobfree.com

Relevant Experience:

Fidelity & Guaranty Life (F/K/A Old Mutual US Life) (2007 – Present) Assistant Vice President, Trading and Research

Fixed Income

Primary trader for $12 billion in fixed income assets across all asset classes and sectors

Perform fundamental credit research on 6 sectors (transportation, autos, aerospace, asset backed securities, REIT’s and sports finance) in both the public

(including 144a) and private placement markets

Manage the asset/liability matching of 6 portfolios across diverse lines of business

Led effort to in-source asset management process from external managers in 2011, concluding project in 100 days from inception to first executed trade Oversee 3 credit analysts; develop and execute investment opportunities in conjunction with their fundamental research

Hedging

Design, develop and implement new equity, interest rate, foreign exchange and volatility hedging programs for both variable and equity indexed annuity lines of business

Execute futures (equity, FX), option (equity, volatility), NDF and swap (interest rate, total return) transactions for hedging purposes, primarily in Asian markets Negotiate ISDA and Credit Support agreements

Formulate and implement risk management strategy and investment policy for all equity-linked businesses

Develop and enhance performance attribution and reporting processes Goldman Sachs Re–Insurance Group (2006–2007)

Associate, Controllers Group

Maintained and monitored hedge programs for over $8 billion of variable annuity policies (interest rate, equity, GMDB)

Validated investment analytics (WAL, duration, convexity, etc.) for $2 billion fixed income portfolio

Managed relationships with outside money managers and custodians Developed and implemented new operational procedures for derivative instruments

Reported and reconciled investment activity throughout several groups in the firm 4086 Advisors (2005)

Derivatives Analyst

Managed multiple equity indexed annuity books of business Executed derivative trades (options and equity index futures) for over $3 billion in policies

Modeled and validate market values of all derivative positions using internal and external models

Negotiated ISDA and Credit Support agreements with counterparties Calculated and monitor hedge effectiveness and product profitability Developed hedging strategies for new products, including interest rate and indexed related products

Empire Corporate Federal Credit Union (2002–2005)

Capital Markets Analyst

Underwrote investment grade corporate debt, MBS, CMO, ABS and CDO investments on a relative value basis to ensure return was commensurate with the return received

Prepared in – depth financial analysis on investment counterparties, focusing on their financial strength and ability to repay secured and unsecured obligations Performed due diligence on various types of commercial loans, including warehouses, apartment buildings and manufacturing facilities Evaluated whole loan portfolios for purchase, including credit worthiness, pricing and funding alternatives

Analyzed characteristics of investments (duration, VaR, credit risk) for appropriateness in portfolio, overall fit in the given book of business and compliance with NCUA Guidelines

Developed guidelines, procedures and strategies for interest rate derivatives and investment portfolio activities

Created accounting policy for derivative activities under SFAS 133, 138 and 149 Keyport Life Insurance, Boston, MA (1997-2001)

Equity Indexed Products:

Managed two S&P 500 and one Dow Jones Industrials equity indexed books Executed, reported, and documented derivative (OTC options and index futures) trades for over $2 billion of in-force policies

Assisted in pricing, structuring, execution and managing risk of large (50 million plus) institutional deals using fixed income and credit derivative products Analyzed market risk exposures of derivative and fixed income portfolios and associated liabilities and dynamically hedged risks Developed and implemented derivative valuation, volatility, and interest rate models

Risk Management:

Evaluated and managed duration of fixed income portfolio using interest rate swaps, caps and floors

Developed and implemented SFAS133 (interest rate and equity) program to minimize earnings volatility

Evaluated all new investment vehicles and derivatives with respect to total portfolio risk profile

Negotiated ISDA master agreements and the accompanying CSA Implemented collateral management system with 15 counterparties Evaluated and compared dealer pricing of all derivative positions versus internally modeled values

Education: Chartered Financial Analyst

Clarkson University, Potsdam, NY, Bachelor of Science, Finance/Economics, May 1997

Computer Applications: Derivative Solutions, Bloomberg, MG Hedge, Yieldbook, Skills: Financial CAD, SQL, Visual Basic, Microsoft Office Suite

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