Post Job Free

Resume

Sign in

Management Quality Control

Location:
Naperville, IL
Posted:
April 26, 2011

Contact this candidate

Resume:

Richard Fosmoen

*** **** *** ****** • Naperville, Illinois 60563 • 630-***-**** • irlezu@r.postjobfree.com • richardfosmoen.com

Institutional Investment Advisory & Asset Management ... Trading ... Hedge Funds ... Global Financial Markets

Accomplished financial industry professional with more than 20 years of progressive experience across back, middle

and front office operations, global market & business unit start up, business development, trading system &

platform design& global implementation, product development, risk management and compliance.

Market & Financial Analysis & Planning:

Strong technical analysis, risk management, market forecasting, negotiation and team building abilities.

Comprehensive experience in the management of large scale borrowing, investing, cash management and interest

rate hedging. Facilitate evaluation of financial impact of M&As, divestitures and spin-offs. Extensive experience

in qualitative and quantitative analysis; create financial models for proforma evaluation of strategies. Organize

data from multiple sources and prepare models to test effects of market changes.

Administration/Operations Management:

Developed expertise in the areas of project and divisional management, system design/implementations, research,

sales and trading. Effective liaison partnering with IT and risk teams to optimize business solutions, trading

models, scaling strategies and risk management. Highly-skilled in compliance, including analysis and planning,

auditing, reporting, systems/operations analysis and utilizing industry guidelines. Evaluate and establish

policies and procedures to reduce expenses, minimize exposure and increase efficiency.

Career Overview:

Knight Securities: Largest market maker globally at the time; publicly-held.

Managing Director, Chicago Office Managing Director, Knight U.K. Start Up

Director, Analytical Trading Development & Hedge Fund Branch Manager/Vice President (NY Trading Office)

Listed Equities Trader

Olde Discount Corporation

Listed Equities Trader Collateralized Mortgage Obligations Trader

Corporate Bond Trader Treasury Bond Trader/SmartVest CSR

PROFESSIONAL DENTRUST, LLC/DDG, PC, Naperville, Illinois

EXPERIENCE: Clinical practice BPO provider structured to allow medical practice investment in State of Illinois.

Company Officer 2004 to 2009

Grew LLC into a $5 million organization with four practices and 32 staff within four years;

established, grew and sold company’s operations, brand and goodwill with strong investor return.

KNIGHT SECURITIES, Jersey City, New Jersey (1994-2004)

Largest market maker globally at the time. Publicly-held entity with IPO in 1998.

Key member of senior leadership team to take company from a privately held market maker with

two U.S. offices into a public, global trading firm with refined trading models, systems and

platforms, as well as trading offices in London, Hong Kong, New York, California and Chicago.

Member of Knight Global Operating Committee.

Managing Director, Chicago Office 1997 to 2004

Executive planning, management and control for leading integration of existing Knight Trading

branches, as well as a third party into one standardized trading office for CME and CBOT trading

operations. Held total operational, planning, risk, quality control and P&L responsibility for a

high volume, top performing trading office. Directed all areas of daily administration, finance,

accounting, human resources, IT, reporting, risk management, quality control, regulatory compliance

and staff hiring, training, development and management.

Summary of • Spearheaded all aspects of branch start up, including budget administration, office build-out and

Accomplishments: workflow, as well as establishing MIS infrastructure, staffing and trading models.

• Developed Chicago branch into the leading national performer year over year for all key metrics,

while concurrently filling global senior manager role, including leading office start ups,

orchestrating branch turnarounds and serving on global strategy committees.

• Continued on Second Page •

Richard Fosmoen Page Two

Member, Knight Global Operating Committee 2001 to 2004

Key member of a senior executive committee charged with directing global strategy of firm,

including defining and establishing short and long range vision, evaluating merger and acquisition

candidates, sourcing new technology and leading integration and standardization initiatives.

Managing Director, Knight U.K. Start Up 2000 to 2001

Charged with directing an aggressive turnaround of existing U.K. branch on London Stock Exchange;

partnered with President to engineer trading, personnel, risk, position and system evaluations to

improve internal controls and reduce risk exposure. Managed a team of more than 90 traders.

Summary of • Orchestrated analysis of leadership and trading personnel, turned managers and bottom

Accomplishments: performers, implemented new standardized risk and trading models and facilitated a successful,

profitable turnaround in less than nine months.

Director, Analytical Trading Development & Hedge Fund 1998 to 1999

Global Headquarters role leading full life cycle design, development, testing, validation,

deployment and post implementation support for a redesigned trading platform. Concurrently

managed establishment and rollout of hedge fund.

Summary of • Assembled and led internal/external IT professionals, traders, quantitative and risk analysts to

Accomplishments: develop front and back end platforms, as well as develop proprietary trading and risk systems.

• Managed rebuilding of investment model; reviewed existing model and eliminated correlated

factors and non-value added processes to create a standardized model with less volatility.

Branch Manager/Vice President (New York Trading Office) 1995 to 1997

Held direct P&L and risk management responsibility for New York equity trading portfolio. Served

as lead market maker on electronic trading platform. Direct responsibility for daily trading

decisions and profit attainment. Managed a top performing team of up to 20 traders, including

compliance monitoring, quality control, accuracy, risk management, etc.

Summary of • Conceptualized and launched new internal processes and operational strategies to reduce costs and

Accomplishments: increase efficiency and cohesiveness of floor and electronic trading operations.

• Developed productive business relationships working with domestic/international hedge funds.

Listed Equities Trader 1994 to 1995

Executed profitable trading strategies utilizing equities, equity options, futures, options on futures,

interest rate futures and interest rate options. Formulated trading strategies based on economic,

political, fundamental and international influences.

Summary of • Developed and maintained top profitability ranking year over year.

Accomplishments: • Created and implemented computerized option strategy system launched company-wide.

TRIMARK SECURITIES, White Plains, New York

Listed Equities Trader 1994 to 2004

Direct responsibility and full authority to maximize profits and minimize risk in trading leveraging

spread trading and flex options in various markets (CME, ICE, LIFFE, KCBOT, MGEX). Utilized

refined technical analysis abilities to effectively recognize, manage and reduce risk.

EARLY OLDE DISCOUNT CORPORATION, Detroit, Michigan (1989-1994)

CAREER: Listed Equities Trader 1992 to 1994

Collateralized Mortgage Obligations Trader 1991 to 1992

Corporate Bond Trader 1990 to 1991

Treasury Bond Trader 1989 to 1990

SmartVest Customer Service Representative 1989 to 1989

EDUCATION: WESTERN MICHIGAN UNIVERSITY, Kalamazoo, Michigan

Bachelor of Science, Business Administration (Cum Laude) Conferred, 1989

Bachelor of Science, Computer Science (Cum Laude) Conferred, 1989

LICENSES: Former Securities Licenses Series: 6, 7, 24, 63, 65.



Contact this candidate