Timothy F. Scala

****B Bulls Ferry Road #*

North Bergen, NJ 07047

acuymn@r.postjobfree.com

Mobile 310-***-****

Strong and diverse knowledge of foreign exchange markets, risk-management, controls, derivatives and financial products

Broad and deep knowledge of front, middle and back office operations

Unique background in trading and investments

1993 - TREASURY RESOURCES CONSULTING & INVESTIGATING

President

Provided financial consulting services for clients; areas included policy, procedures and controls, risk-management, modeling and hedging

Conducted seminars for financial community covering domestic and international markets, derivatives, trading and risk-management

Conducted and participated in engagements for large international audit, accounting and legal firms in foreign exchange and fixed-income areas

Provided expert testimony and aided legal efforts of financial institutions and corporate clients for front and back office policy, procedures and controls, sales, trading and risk-management issues

Lectured on policy, procedures and controls to banks and regulators

Testified as expert in state and federal courts regarding trading abuse, fraud, appropriate controls and industry standards

October, 2015 -Appointed to ACI USA “Board of Education” for training interbank Foreign Exchange traders for internationally recognized Foreign Ecchange Trading Industry Organization industry organization (see http://aciamerica.us/)

Select Engagements

Oversaw and conducted investigation and review of trading policy, procedures and controls and activity for major American bank. Managed review of trading tapes for selected sample trading data, constructed timeline and compared trade executions against independent data source to evaluate integrity of trader’s executions. Delivered report to senior management containing recommendations and comments to ensure effective control environment. Over fifteen recommendations were adopted prior to OCC audit. Report was reviewed by OCC and aided in successful audit.

Constructed interest rate risk management model for $5 billion financial institution. Established program for integration of futures, options and other derivatives to compliment cash market activities.

Conducted thorough investigation of trading activities of an offshore financial institution. Managed portfolio including structured derivative products, foreign exchange cash, forward and options positions as well as implicit foreign exchange positions generated by fixed-income derivatives in different currencies. Made recommendations and implemented control procedures.

Provided training in foreign exchange and fixed-income cash and derivative markets for professional audit, operations and technology staff for the financial community.

Conducted foreign exchange and interest rate risk evaluation for a textile company with approximately $1.5 billion in sales. Made recommendations.

Participated in a three-month derivative review for the board of a top ten US bank. Review included foreign exchange activities, balance sheet hedging, loans, mortgages and other uses of derivatives by the bank and the Trust area.

Participated in an evaluation of the trading account and portfolio of a major New York Investment house undergoing investigation for questionable activities.

1990-1993 REUTERS AMERICA: MoneyMatch Division

International Product Development and Marketing Manager

Integral in the overall development of trading software product

Directed sales effort and user interface development

Performed analysis of product risk impact for management

Provided input to all issues relevant to the product creation including credit, audit, legal, regulatory, and technological

THE SEQUOR GROUP (Subsidiary Security PacificCorp.)

Conceived and produced trading software product prototype (MoneyMatch)

Successfully test marketed MoneyMatch globally, securing letters of intent from the world's leading banks

1985-90 MANUFACTURERS AND TRADERS TRUST CO. (M&T Bank)

NYC Treasury Manager, Administrative Vice President

Established trading and capital markets sales unit for trading and distributing cash and derivative products to corporate clients including FX, deposits, interest rate swaps, caps and floors and related financial solutions

Established and set policy for trading room, including determination of limits, development of systems and controls

Helped establish program for managing and hedging of interest rate risk

Co-authored biweekly market newsletter and conducted a weekly conference call for the bank's major clients

Organizations & Other Interests:

New York Institute of Finance

Former Adjunct-registered to teach three-day program “Trading for Non-Traders”; an introduction to markets, derivatives, risk management and controls.

FOREX U.S.A.

FOREX U.S.A. is a non-profit organization for the FX and money market industry

Former Member - Board of Directors

Past Chairman - Education Committee

Current Member – ACI Education Committee

Organized a four-day, intensive Junior Traders' seminar held annually, which has helped train over 2000 FX and money market trading professionals.

Financial News Network (CNBC)

Appeared as a regular weekly guest on "Market Wrap" from 1988-1992 and frequent guest on other financial segments.

Certifications

Series 7/63 (expired)

Dear Sir/Madam,

I recently received a call from Scott Petruska, a colleague that works for SVB, suggesting that I apply for the position of Head of FX Trading. I thought it might be worthwhile to provide this letter along with my CV to address the specific requirements of the position.

With respect to the job description:

I have been involved in the foreign exchange markets for over three decades and have recently been appointed to the ACI Education Committee (“Board of Education). ACI is the premier international foreign exchange industry organization (see http://aciamerica.us/). I have held positions as trader, manager and other relevant positions for banks and brokerage firms throughout my career. I established a foreign exchange trading desk for M&T bank, as well as a foreign exchange sales desk where I managed six proprietary traders and four salespersons. I established a capital market sales unit which distributed, executed and risk-managed FX, money market, NDF and other risk-management derivatives to a primarily regional clientele but also included some fortune 500 companies. I established the entire trading room and the bank’s trading and corporate risk-management environment and later consulted for banks, hedge funds and execution platforms in areas of execution, latency, credit risk, liquidity and performance. I designed an execution platform which was later purchased by a Fortune 100 company and have consulted on such issues as FX risk management, interest rate risk-management, and professional behavior with respect to executions, compliance and other professional issues. I was also a member of the bank’s ALCO committee.

In support of the sales efforts, I conducted a weekly conference call to both internal stakeholders and, where appropriate, corporate clients, covering relevant financial issues concerning the FX and the interest rate environment. I was also a regular guest on such financial networks as Financial News Network, CNBC, Bloomberg and Reuters television. I co-authored a financial newsletter which appeared in many major publications including, but not limited to, The New York Times, The Wall Street Journal, Time Magazine, Newsweek International, and others.

I have taught seminars for compliance, audit, sales, trading and other personnel from over 100 financial institutions (see http://trcidirect.com/clients.html ) as well as the OCC, the NY Federal Reserve, and others both for Treasury Resources Consulting and Investigating, Inc. (TRCI) and as the chairman of the education committee for the US chapter of ACI, a non-profit organization comprising over 14,000 foreign exchange professionals. I have also produced a 12 module, 4 hour video seminar entitled “Understanding Financial Markets” which can be found at financialumbrellas.wix.com/home. I have testified as a foreign exchange expert in a number of legal cases concerning market practices, valid executions and other issues requiring professional expertise.

I would consider relocating to Santa Clara since my adult children are both living in California. Please find my CV (below) along with a list of engagements that I have conducted for clients. I look forward to discussing my qualifications at your earliest convenience.

Sincerely,

Tim Scala

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