Joseph F. Burns
Professional Experience
*/** - *******- ********* ******* Processor
PNC Bank Philadelphia, Pa.
. Domestic and Global Corporate Actions processor responsible for
scrubbing data from press releases and prospectus
. Monitored letters of transmittals, vendors and DTCC source materials
for all events
. Processed information to MS Access to inform all traders,
administrators and cashiering of announcements
. Processed all end of day general ledger entries on financings and
positions on ADP
. Responsible for analyzing, reconciling and comparing stock record
positions with DTC inventory on tender offers, conversions, mergers,
reverse/forward splits, optional dividends, bonus issues, memorial
dividends, rights offerings, bankruptcies, Dutch offerings
12/08-12/10 Business Analyst / SME Corporate Actions
Bank of America New York, NY
. Analyzed Prime Broker corporate actions process for migration to Bank
Paribas
. Processed prime broker corporate actions on tenders, rights, calls,
name changes
. Reconciled monies and allocated securities for administrators, Fed,
DTC and custodians
. Processed voluntary and mandatory tenders on BPS/ ICI /Cage
Three/Gloss
3/08-11/08 Business Analyst / SME Corporate Actions
KeyBank Brooklyn, Ohio
. Consulted with management to develop a plan of action on Key Bank's
platform conversion
onto ADP's BPS Gloss and ICI platforms
. SME for bank's operations with emphasis on corporate actions and
dividends for conversion onto BPS Gloss and ICI platform
. Created use cases using UML (Unified Modeling Language) visual models
/data modeling /business modeling relationship diagrams and work
flows/ object modeling and component modeling
. Provided analysis of end-user information needs
. Gathered requirements from business users making sure information was
accurate, timely, complete and documented
. Developed detailed business requirements documents and functional
specifications using
SDLC (System Development Life Cycle)
. Performed gap analysis between business requirements and current
capabilities
. Performed UAT testing/ analysis/ design /implementation/ testing
evaluation of operations; obtained acceptance for installation and
deployment
. Involved with set-ups of B1's, Track file reports, pending div file,
interim accounting files, MSD, mapping name and address, and account
cross reference files
. Analyzed how interface with Ridge clearing and Post edge would affect
clearing business
1/08 - 3/08 Business Analyst / SME Counterparty Risk
JP Morgan /Treadneedle Asset Mgr. / Swindon UK
. Partnered with management to develop a plan of action on evaluating
newly acquired asset manager
. Analyzed the risk and compliance of the firm's operational business
with emphasis on the collection and reconciliation of DTC statements,
Bank statements, Confirmations, swift messages
. Recommended daily (vs. current weekly) reconciliation of all security
positions and money statements, reporting any risk and compliance
issues to management and controllers
. Involved in analysis of Master Security Department (MSD); Updating
code specifications and evaluating current capabilities of MSD to
benchmarking with other security code vendor systems
2/06 - 1/08 Business Analyst
Bank of New York New York, NY
. Collaborated with managers to segregate "aged" differences from "new"
differences
. Reconciled differences at DTC, Euroclear, agent and client holdings
including interest income in foreign nostros accounts. Balanced
optional cash dividends
. Reconciled positions and monies by adjusting transactions on GPS by
swift messages or by adjusting entries on internal systems
. Calculated and processed currency trades; made withholding tax rate
adjustments and money pair-offs to balance payable and receivable
accounts and optional dividends
. Set up and reconciled Corporate Actions events on tenders, mergers,
acquisitions, splits, warrants, rights, calls, redemptions, name
changes, spin-offs, buybacks
. Solved problems with trading desk, administrators, agents, customers,
custodians and subs; pre- balanced and post- balance foreign accounts
for corporate actions and dividend events
. Performed end of day foreign trade financing and reconciliation of
overdrafts
11/03-1/06 Business Analyst
Deutsche Bank New York, NY
. Consulted on project to convert ADP system to in-house E-Spear system.
Helped structure outsourcing of various operation's departments to
India
. Reconciled with DTC, CNS, P&S, traders, stock loans, Corporate Actions
on redemptions, calls, mergers, name changes, tenders. Reconciled
stock record breaks during conversion
. Worked in International department processing foreign income
collection, reconciling ADR's/ORD, nostros accounts, settlements,
foreign exchanges and swaps on Gloss system
. Collaborated and resolved foreign nostro accounts and transaction
problems for FX and swaps trading desk on trades at DTCC, FED,
EUROCLEAR, CEDEL, CREST,GLOSS
1/01 - 10/03 Mgr. of Customer Admin
National Australia Bank New York, NY
. Analyzed and structured bank's plans to become a broker dealer. Set-up
and created a separate firewall splitting bank operations departments
. Managed broker/ dealer operations
. Developed and managed all broker/dealer trading support Ops/Protocol
. Wrote settlement procedures, restructured customer service department
. Settled all DTC, stock loans, Income collections, Australian Gov't
bonds. Responsible for settling all equity, corporate, gov'ts, IPO's
and private placement trades
. Analyzed budget for broker dealer's operation's objectives.
Restructured New account department, reconciled trading profit and
loss ledger for accounting, traders and partners. Partnered with
Bloomberg/ADP to create efficient trade reporting to branches
Education: CCNY Tech Computer Science
Netcom Information Technology courses:
2778: Writing Queries using MS SQL server 2008 Transact-SQL / 6232:
Implementing a MS SQL Server 2008 Database / 6231: Maintaining a MS SQL
Server 2008 Database / Project Management Professional courses
Licenses: Expired series 7 and 63, NY Real-Estate, Health life and Accident
Insurance
Computer Applications: : MS Word, MS Excel, MS T-SQL 2008, Visio, Power-
point, Bloomberg, Euclid, PTC, DTC, NSCC, CEDOM, ISCC, GSCC, World lend,
Data Explorer, Intellimatch,, Reuters, ADP, Gloss, Global one, Smart
stream, Trace, AML, KYC Risk compliance