Sales Management

James M. Scellato ** Field Street ( Staten Island, NY 10314

C: 917-***-**** (

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

PROFESSIONAL EXPERIENCE

Macquarie Holdings USA - New York, NY

Executive December 2009 - present

Equity Settlements Team leader

* Validate trade and wire SSIs are correct before authorizing to

release instructions in a timely manner

* Daily account balancing to help minimize company exposure and risk

for overdrafts

* Provide training to other team members and overseeing their

responsibilities to ensure all tasks are completed

* Liaise with R&C to consolidate documentations for month-end FINRA

reporting

* Consolidate data from various systems for end of day reporting to

management

Cash Management

* Monitor DTC collateral monitor to ensure that sufficient collateral

when net debit capital exceeded

* EOD balancing, wire processing and posting offsetting cash entries

to various accounts in BPS

* Monthly processing of SEC and TAF fees (confirming fees and making

payments)

* Daily monitoring of NSCC margin calls and processing funding if

account is in deficit

* Establish cash management procedures and requirements during self-

clearing migration project

Cash Equity Institutional Trading

* Prematch trades and follow up on discrepancies to minimize fail

exposure

* Agree and instruct partials, net-downs and round-robin pair-offs to

clear up outstanding fails

* Manage daily Reg-Sho Long and Short sells buy-in notifications to

ensure minimal impact to the firm

* Follow up on any items in the suspense accounts and making sure the

firm is in balance

* User access testing and procedures documentation for migration to

different clearing broker

ADR conversions

* Balance transactions real time to provide accurate positions to

traders

* Prepare documentations and following up with the conversion agents

to ensure proper settlement

* Reconcile monthly conversion bills, following up and discrepancies

and allocating fees to businesses

* Organize account migration by validating book position, loan

contracts and custodian positions

Stock Loan Settlements (US and Canada)

* Daily position monitoring for all equity trades (US and Canada)

* Verify, instruct and settle trades in various settlement systems

* Ensure trades instruct with correct codes for income tracking and

update contracts discrepancies in DTC

* Minimize risks and costs to firm by taking necessary actions to

ensure timely settlement

* Daily interaction with the front office, clearing agent and

counterparties to resolve any settlement issues

Collateral and Reconciliation

* Daily domestic and international marks processing

* Manage Repo settlement by monitoring intraday credit requirements

and settlement cycles of transactions

* Instruct and manage settlements of collateral trades to cover daily

exposures (Equity and USTs)

* Reduce exposure to firm by ensuring that cash and stock breaks are

cleared in timely manner

* Investigate and provide assistance to other departments with

reconciling breaks

BNP Paribas, New York, NY

Stock Loan Settlement Clearance - Consultant (October 2008 - January

2009)

. Responsible for calling in borrow returns to various brokers, as

well as receiving return request from clients.

. Identified daily breaks using contract compare and responsible

for minimizing those breaks.

. Handled daily returns, new loans, new borrows and items dk'd

back to the firm.

. Helped with end of day balancing of all loans, borrows, and

marks processed.

Lehman Brothers Inc. Jersey City, NJ

Stock Loan Settlement Clearance - Senior Analyst (June 2006 -

September 2008)

. Responsible for daily confirmation of mark to market and contra

party marks with outside brokers.

. Handled all outgoing and incoming Security Payment Orders (SPO)

and Premium Payment Orders (PPO).

Helped integrate a macro created by IT to process the above

charges more easily in DTC & ADP.

. Processed daily returns, new loans, new borrows and all dk'd

items back to the firm.

. Worked internally with contract compare group and sales desk to

resolve any trade discrepancies with counterparties.

. Balanced end of day totals for all loans and borrows processed

as well as SPO and PPO charges. Once balanced, I was responsible

for passing the final figures in ADP.

. Managed summer intern program for department in 2007 & 2008 as

well as fully training new hires to the group.

. Knowledge of Loanet, ADP, DTC, and overall day-to-day functions

of stock loan group. Daily communication with Buy-In, Re-Org and

Recall groups.

Lehman Brothers Inc. New York, NY

Derivative Margin - Analyst (September 2003 - June 2006)

. Manage and allocate the firms' non-cash collateral,

incorporating the factors of rehypothication rights, hair cuts,

and same day substitution agreements.

. Margin derivative accounts with respect to a trade's fair market

value, client ratings and thresholds, minimum transfer amounts, and

deal specific requirements.

. Research and reconcile Lehman Brothers' domestic and

international inter-company accounts for cash and position breaks.

. Work directly with clients, sales and trading, legal,

documentation, settlements, corporate credit and middle offices on

a daily basis resolving disputes and any other credit risk related

problems.

Staten Island University Hospital, Staten Island, NY

Cash Control Representative (February 2003 - September 2003)

. Daily reconciliation of large volume of checks and cash

payments.

. Prepared purchase and supply orders, and responsible to

distribute and maintain all items in storeroom.

. Responsibilities for the control and accurate distribution of

billing forms and computer reports to each billing team.

. Reconciliation of all wire transfers and posted payments to

accounts receivable and general ledger.

EDUCATION

Hofstra University, Hempstead, NY

B.B.A Business Management May 2001

Cumulative G.P.A. 3.3/4.0

HONORS & ACTIVITIES

Dean's List - fall 1997, spring 1998

Phi Eta Sigma National Honor Society

REFERENCES

Available upon request

Contact this candidate