Management Process Improvement

Derek Huneau

** ***** ******, *** ****, NY ***** ************@*****.*** 347-***-****

EXPERIENCE

UBS 08/10- Present

Associate Director – Credit Flow Controller (Product/Valuation Controller)

• Performed mid-month, pre-month, and month end valuation analysis on Credit Flow US positions

three times a month. Products included Credit Default Swaps, Bonds, Equities, and Loans.

• Created database that ties price testing population to General Ledger population. Database also

prepares our Fair Value Hierarchy.

• Performed reconciliation of price testing adjustments to remarks made by the front office. Also,

reconciled product control adjustments to price testing adjustments.

• Review General Ledger with Business Unit Controllers to make sure we are compliant with

GAAP and IFRS for fair value measurements (FAS 157 & IFRS 7).

• Run monthly meeting with Credit and Market risk to review the desk’s positions for proper

accounting classification (available for sale, held to maturity).

• Provided Global Valuation Pack to Senior Management. Pack includes analysis/commentary on

all untested residual positions and untested alternative positions.

Royal Bank of Canada 01/10- 08/10

Global Arbitrage Controller

• Created efficiencies by combining 11 equity sectors into one equity long/short P&L

reconciliation.

• Responsible for the maintenance of the sub-ledgers and general ledger accounts.

• Prepared month-end documentation packets for equity long/short book and Asia Convertible

Bond book.

• Responsible for reviewing, testing, and approving new systems and accounting processes.

Barclays Capital 10/06- 11/09

Inflation Derivatives Product Controller

• Perform daily procedures such as preparation of P&L, analyzing risk components (Delta, Gamma

and other Greeks), and monitoring trade activity on inflation derivatives desk.

• Product knowledge: Asset Swaps, Zero Coupons, Year on Year Swaps, Floors, Caps, Tiptions,

TIPS, Treasuries, Futures, and Options on Bond Futures.

• Perform month-end closing of the general ledger including preparing, reviewing,

and posting of journals entries

• Communicated and discussed financial results and balance sheet accuracy with

senior management at monthly management reporting process meeting

• Implemented reconciliations, including sub-ledger to general ledger, global NPV,

and estimate to actual cash movement

• Created numerous macros in excel and visual basic to increase efficiency and

accuracy of financial information and supporting documentation

• Interacted with internal, external and global audit personal to ensure the accuracy

and integrity of the general ledger in accordance with GAAP standards

• Manage and supervise a staff of two

Ernst & Young 01/05 – 10/06

Senior Accountant

• Led team to perform agreed-upon procedures for an AAA rated derivative product entity.

• Performed examination of client's significant processes and document for Sarbanes Oxley

compliance.

• Identify and test clients’ internal controls structure (design and operating effectiveness) for a

variety of business cycles and prepare management recommendation letter with suggested

improvements

• Financial Service exposure includes audits of Fixed Income Products, Derivatives and

Securitizations for a foreign investment bank.

Marvin & Company, CPA 06/03 – 01/05

Staff Accountant

New York, NY

• Conduct fraud interviews with clients in order to identify potential areas that may be susceptible

to fraud.

• Perform various special projects including financial statement compilations, pension audits,

Federal Award Recipient Circular A-133 audits and testing of control procedures to gain diverse

exposure to client operations and to identify potential control weaknesses, then develop

appropriate changes to strengthen internal control environments.

EDUCATION

Siena College Class of 2003

B.B.A. in Accounting

GPA: 3.55 GPA within Major: 3.78

Focus in Computer Science

Dean’s or President’s List: 1999 – 2003

Recipient of Siena’s Presidential and Franciscan Scholarships.

SPECIAL SKILLS

Software: Microsoft Excel, Access, Word, PowerPoint, Front Page, Adobe Photoshop, QuickBooks,

Bloomberg, Summit, SAP, Hyperion, Cognos

Other: Team player, process improvement mindset, analytical, results – oriented

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