Process Management

Ronnette Summers

**** ****** ******, ***. *, Bronx, NY 10452 * Cell 917-***-**** * Email:

***************@*****.***

PROFESSIONAL EXPERIENCE

ROYAL BANK OF SCOTLAND- STAMFORD CONNECTICUT July 2011 - Present

Associate, Fixed Income Securities Processing

. Processed DTC settlements via BDAS for mortgage backed securities,

corporates, repo and stock loan settlements

. Processed settlements via DTC for Commercial Paper Trades

. Processed physical settlements via Chase BDAS including all paperwork,

re-registration etc

. Coordinated Round Robin settlements and wired funds to appropriate

customers

. Process SPO's, pledges, SLRM's, RAD transactions via DTC

. Analyzed stock and cash breaks and arrange entries to adjust breaks

. Process and resolve Dk's and unmatched trades

. Monitored positions and moved between Euroclear and DTC as needed to

cover shorts

. Effectively liaised with Trading Desk, and middle office to resolve

settlement issues and fails

. Investigated and resolved any settlement discrepancies with

counterparties, affiliates and clearing banks

. Assisted in establishing and documenting settlement procedures for DTC,

Physical, Commercial Paper

And repo settlements to assist in training new employees and for

regulators

UBS SECURITIES-STAMFORD CONNECTICUT May 2011 - July 2011

Consultant, DTC Securities Processing

. Process DTC deliveries via ADP Cage

. Update instructions, and process DK's for DTC trades

. Process Physical deliveries

. Analyze stock and cash breaks and process necessary entries to adjust

breaks

. Process bookkeeping entries via ADP/Cage

. Assisted with special projects

DRESDNER KLEINWORT COMMERZBANK - NEW YORK May 2007 - July 2010

Associate, Domestic Equity Settlements/Fixed Income

. Monitor positions and process settlement instructions for custody

client trades

. Match trades received via DTC and resolve unmatched trades

. Settle U.S. Broker/Dealer trades via DTC including stock loan, repos

and equities

. Confirm stock loan fails and returns

. Resolve Dk's and unmatched trade issues

. Process bookkeeping entries via ADP/Cage

. Balance DTC securities and cash positions between 4 DTC accounts at

end of day to establish funding.

. Compile data for funding and input in Excel spreadsheet

. Analyze stock and cash breaks and process necessary entries to adjust

breaks.

. Monitor buy-ins via DTC smart track

. International settlements via Pershing

. Input intl settlement instructions, open new accounts, transmit

instructions to pershing for settlement

. Resolve settlement issues, fails, DK's, no instructions etc. with

clients

Assistant Vice President, Fixed Income Operation Jan 2004 - May 2007

. Cedel settlement via clearstream

. Process Stock loan settlement and Tri-party settlements

. Coordinate funding and monitor balances of clearing/Bank accounts,

including DTC, Chase, and clearstream

. Coordinate intraday funding requirements

. Reconcile bank accounts.

. Enter or verify wire payments

. Process payments, including payment release and cash settlement for

pair-offs

. Arrange currency conversions for trade commission denominated in

foreign currencies to U.S. dollars.

. Coordinate end of day funding requirements for all divisions of fixed

income.

Analyst, Cash Management International Equities 2002 - 2004

. Coordinate conversion of ADR's and ordinary shares with ADR

depositories

. Reconcile all commission accounts

. Reconcile all Nostro bank cash and securities accounts

. Arrange currency conversions for trade commission denominated in

foreign currencies to U.S. dollars.

. Monitor Dividends and process necessary entries

. Monthly reporting of fails with Finance group

. Arrange collections of commission with Dresdner Affiliates and process

entries

. Daily projection of group cash needs for Euro, US dollar, Swiss

Francs, and pounds sterling.

. Coordinated the interest and compensation claim process for the

settlements group.

. Responsible for daily stock and cash reconciliation between the New

York office and affiliates in all countries

. Confirm and process Foreign exchange deals with FX brokers and

Affiliates

. Process payments for intercompany payments in US Dollars and Foreign

Currencies

. Process Foreign & US Dollar payments for Intl Settlements Department

Senior Settlement Specialist International Equities 1996 - 2002

. Set up and send settlement instructions to custodian for settlement of

German, UK, Latin America and Scandinavian trade settlement

. Correspond with Dresdner Kleinwort Affiliates and external

counterparties to resolve settlement inquiries

. Liaison with middle office and trading desk

. Identify research, follow through, and solve failed trades and keep

supervisor informed of problems.

. Responsible for daily stock reconciliation between the New York office

and affiliates in all countries.

. Responsible for U.S. dollars and foreign payments in cross currency

trade transactions.

. Journal all deliveries and receipts in respective countries.

. Retrieve settlement instructions via alert and input into internal

database

. Liaison between firm and custodian banks. Correspond with overseas

clients on time sensitive matters in order to resolve or prevent

trade settlement issues.

. Responsible for monthly open trade reconciliation with Dresdner

Affiliates

Operation Specialist 1986 - 1996

. Liaison between Kleinwort Benson and Pershing

. Journaled all ADR (American Depository Receipts) deliveries and

receipts.

. Advised client on DK trades and resolve settlement problems.

. Responsible for reconciling customers trading positions.

. Input new customer accounts.

. Created and input new security codes.

. Compared incoming confirms.

. Input trade tickets.

. Matched trade bookings against trade tickets.

. Processed trade corrections.

. Arrange daily funding of U.S. Dollars.

EDUCATION

Taylor Business Institute of New York - A.O.S. Business Management Sept

1990 - June 1992

St. Francis College, New York - B.S. Business Management Jan 1993 - Sept

1996

SOFTWARE EXPERIENCE

Excel, Word, ADP, ADP Cage, ICI Impact, Clearstream, DTC, DTCC Smart track

for buy-in, Bloomberg, Alert, Power Point, Chaselink, Mint, Pershing, Chase

BDAS, DTCC Obligation Warehouse, Swift, Loanet and Calypso

Contact this candidate