Customer Control

RICHARD A. DAW

** ****** ****

Levittown, N.Y. 11756

516-***-**** Home

516-***-**** Cell

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

PROFESSIONAL QUALIFICATIONS:

I have an extensive background in international settlements, custody, fail control, International Securities

Lending, and American Depository Receipt Operations. I have developed and implimented settlement,

and reconciliation procedures to support dealing in new products, or markets, and to enhance control in

existing ones.

PROFESSIONAL EXPERIENCE:

Fidelity Investments, New York, NY

Customer Tax Section Consultant February –June 2012

Supported the Tax Lot Accounting Department answering customer inquiries, processing corrections to

accounts, and issuing amended tax forms for the previous tax year.

International Settlements Consultant January 2010 – February 2012

Primary operations contact for a large European customer, ensured that the client’s trades were booked,

instructed, settled, and reconciled on a timely basis. Additional responsibilities included non-US ACAT

fail control.

Deutsche Bank Securities, Jersey City, NJ May 2006-May 2009

International Settlements / ADR consultant

Responsible for monitoring ADR/Ordinary hedged trade positions primarily in emerging markets,

cancelling or creating ADR shares, instructing share movements at offshore depots via SWIFT, tracking,

reconciling, and assigning associated fees to trading or customer accounts. Worked with corporate action

and dividend departments to reconcile and allocate share and cash distributions.

Arranged cross border share movements as requested by the prime broker group.

Pershing LLC, Jersey City, NJ August 2005-May 2006

International Settlements Specialist

Responsible for settlements in European and Canadian markets. Assisted co-workers with resolving aged

ACAT and balance order trades. Monitored and aggressively resolved failed trades, assigned interest

charges to improperly instructed contra parties. Reconciled share and cash movements, and close of

business balances.

UBS Financial, Stamford, CT August 2004-August 2005

International Settlements Consultant

Responsible for international equities fail control. Heavy contact with contra party settlement groups to

identify and resolve failed trades. Instructed and monitored share movements through local banks, and

Euroclear. Negotiated and processed ACAT reversals on non-deliverable securities. Reconciled positions

held at a former custodian to allow delivery of stock, or write off of delisted securities. Reconciled cash

and stock record discrepancies.

Fidelity Investments, New York, NY February 2004-August 2004

International Settlements Consultant

Responsible for the non-U.S. portion of a conversion project with UBS Securities. Agreed settlement

details with contra party, instructed agent banks, resolved failed trades, and disputed positions.

Monitored firm excess positions, verified segregation requirements, and instructed deliveries.

Took responsibility for failed trades, significantly reducing aged international equity fails.

Main international contact for the firm’s buy in department.

Natexis Bleichroeder, New York, NY February 1997-September 2003

International Settlements Specialist

Responsible for trade instruction, prematching, securities settlement, monitoring firm excess and

segregation requirements, fail control, and share reconciliation in Europe, and the Middle East.

I monitored ADR/ordinary share hedge positions, instructed share movements for ADR cancellation and

creation, and requested stock borrows and returns per trading strategies.

I instructed, monitored, and performed daily reconciliation of Middle Eastern, and European foreign

exchange settlements, and currency transfers, calculated currency requirements for trade settlements,

arranged cash movement between European banks, and arranged term deposits of excess funds.

Prudential Securities, New York, NY October 1990-February 1997

International Settlements Supervisor

Headed several international share, and cash reconciliation projects. Supervised a settlements group

responsible for European, and Pacific Rim markets, allocated daily and long term assignments, and cross

trained staffers to ensure coverage of all group responsibilities. Arranged equity borrows, and returns

through the firm’s securities lending group as needed for settlement activity.

Responsible for the cancellation and creation of American Depository Receipts, allocated associated costs

to customer and trading accounts, instructed agent banks to receive or deliver shares, reconciled agent

banks to the firm stock record. Reconciled, collected and allocated share, and cash distributions related to

ADR activity.

Morgan Stanley & Co., New York, NY October 1978-June 1990

Securities Lending Operations Supervisor

Supervised international securities lending operations staff.

Responsible for instructing, monitoring, and reconciling cash and share movements on all international

stock loans originating in North America.

Responsible for monitoring collateral posted for a large in-house lender’s account, produced daily balance

and exposure reports for the Managing Director in charge of the margin department.

Reconciled, paid, and collected cash and share dividends generated by securities lending activity.

Main contact for stock record department for stock loan related share and cash reconciliation.

EDUCATION:

B.A. SUNY at GENESEO 1978

Standard Microsoft Office Applications, SWIFT, Broadridge/ADP, DTC

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