Management Manager
Resume:
Dominick Andreassi
Monroe Township NJ, 08831
Objectives & Qualifications
An Industry professional innovative, results proven senior professional
with significant experience building, growing and transforming operations
into highly proficient groups. Extensive knowledge in all aspects of
clearing and overall oversight of brokerage operations in the US and
Globally. Proven leadership qualities with the ability to motivate,
supervise, and manage successful teams to meet large-scale deliverables.
Regarded for ability to adapt easily to new environments, and high ethical
standards.
Professional Experience
Louis Capital Markets LP.
March 2007 - March 2013
Head of Operations
Louis Capital Markets LP - Introducing broker dealer.
Head of local and global operations staff built to handle current business
flow and increased future business along with structuring Backoffice groups
to move toward self clearing.
. Structured Backoffice / middle office operation support team to ensure
risk control, reconciliation, and settlement for domestic (DTC)
international equities, OTC and Listed derivatives.
. Worked closely with Compliance officer to ensure all AML, KYC, Dodd-
Frank, and exchange trading regulations are implemented and adhered too.
. Incorporated procedure manuals detailing process for middle and back
office along with implementing various reconciliations that improved
efficiency and lowered firm risk.
. Researched, assessed, selected, and implemented technology to create a
robust infrastructure, expand business model, and meet industry regulatory
standards.
. Manage various projects including implementation of OTC and Listed
Derivative confirmations system, new memberships to exchanges, re-
structure of fee schedules and secondary broker relations. Opened clearing
agreements in Brazil, Mexico, and Canada with local brokers.
. Responsible for all operational issues pertaining to internal audits and
related legal/compliance issues.
. Implemented MIS and risk management reporting for senior management
including volumes by product, fail control, exception reporting, and
clearing agent measurements which directly resulted in a more efficient
view of downstream costs.
. Implemented procedures and oversight of commission billing process for
equity and derivative products. Ensured revenues were captured in the
general ledger and collected.
. Established new account opening procedures to ensure proper new client
documentation is obtained and compliant with KYC by developing weekly
reporting system for outstanding account documents to compliance.
. Design system specs for development by internal programmers and outside
vendors to support equity, OTC, and Listed option business along with
Order Management system implementations.
. Implemented risk controls to monitor Institutional client trade activity
and ensure volumes did not exceed firm set limits.
. Oversight of gathering client information required to supply large trader
ID's under Dodd-Frank Act.
HSBC Securities USA Inc. New York, NY December 2000 - March 2007
Senior Vice President of Operations
. Manage a 25 person operation including 4 direct reports in supporting all
aspects of clearing institutional and retail business. This includes
processing for all products including Fixed Income, Equities, OTC and
Listed Options/Derivatives and SPV Structured products.
. Responsible for all aspects of custody operations for domestic clearance
and settlement activities including commission billing, broker/dealer
clearance, securities /cash control groups and trade clearance for all
Fixed Income and Equities.
. Departments in Operations including all aspects of P&S, Corporate
Actions, Control and Reconciliation, Cash processing, Equity and Fixed
Income settlement, Physicals, Buy-ins, and overseeing Stock Loan
Operations.
. Responsible for all NYSE related reporting including ACAT movements via
DTC, Extensions, and Closeouts.
. Interacted with Margin group pertaining to retail accounts. Responsible
to ensure proper margin was in customer accounts pursuant to Regulation T
and 15-c3-3.
. Streamlined the operation by introducing automation, evaluating
personnel, consolidating, performing a gap analysis, and preparing formal
policies and procedures.
. Member of the SIA Dividends and Reorganization committee.
. Negotiated new contract agreements with various Global Custodians to
reduce firm cost
. Responsible for responding to all issues relating to NYSE/Internal audits
and related legal/compliance issues
. Responsible for reporting risk and exposure for all operations activities
to the Risk Management team
. Implemented MIS reporting for senior management including volumes by
product, fail control, exception reporting, and clearing Corp.
Measurements. Worked closely with compliance, credit risk, market risk and
the Finance group on 15C3-3 and 3-1 issues.
Maple Partners USA Inc. Jersey City, NJ August 1999 - December 2000
Manager of Clearance Operations
. Responsible for all aspects of the day-to-day domestic operations
including reconciliation of cash and positions.
. Volume of 5,000 trades per day.
. Staff of 15, including 3 directs reports.
. Manage the day-today operations of Equity and Listed Option settlements
including Stock Loan via DTC and clearing agent.
. Implemented policies and procedures for directing business toward self-
clearing.
. Responsible for front office trade input and institutional client
allocations received through OASYS and Global OASYS system links.
. Daily global cash funding.
. Responsible for linking in-house systems with clearing agent system
messaging to ensure timely settlements.
. Designed various MIS reporting for Senior Management including fail
control, volumes by product.
. Work with Compliance and CFO on all 15c3-3 and 3-1 issues.
. Responded and reviewed all aspects of internal and regulatory audits.
. Coordinate all system enhancements as they pertain to operations and
middle office support.
. Responsible for writing and implementing new procedures and policies
BBV Latinvest Securities Inc., New York, NY March 1995 - August 1999
Manager Fixed Income & Equity Operations
BBV Securities Inc., a wholly owned subsidiary of Banco Bilboa Vizcaya,
S.A. is a registered broker dealer and Federal Reserve Board Bank Holding
Company subsidiary approved for Section 20 Tier 2 activities. The Company
engages in investment banking, equity and fixed income trading and sales to
institutional clients.
. Report directly to Head of Operations.
. Hired to manage all aspects of Self-Clearing International and Domestic
Operations for the New York Office. Staff of 20 with 4 directs reports.
. Daily volume of approximately 5,500 retail and institutional trades per
day.
. Developed firm procedures, staffing requirements, system
enhancements/changes and overall work flow of back office processing.
. Responsibilities include day-to-day operations; middle office cash
management for trades settling in New York Mexico, Spain, Columbia,
Brazil, Argentina, Peru, Ecuador, Venezuela and Chile (ordinary shares,
fixed income products and A.D.R.'s).
. Implemented and oversaw all aspects of Stock Loan business including
execution of deals in domestic and international markets. Set-up Stock
Loan and pre-release arrangements.
. Responsible for handling all aspects of syndicate deals in domestic and
local markets. Duties included cusip set-ups, documentation for local
issues and distribution of prospectuses.
. Middle office responsibilities include trade processing, corporate action
trading, risk management, auto match, I.D. processing and timely booking
of all firm activities.
. Set-up clearing arrangements with NSCC, Euroclear, and Depository Trust
Company.
. Assisted in the negotiation of new clearing agreements with Foreign
clearing agents such as Citi Group and Banamex.
. Conversion from A.D.P. to Sunguard's Phase III Multi-Currency System.
. Direct contact for all back office related issues on audits.
OPPENHEIMER & CO, .INC. NEW YORK.
October 1992 - March 1995
International Settlements (December 1993- March 1995)
. Foreign Equities Settlements in Mexico, Peru, Brazil, Argentina,
Venezuela, Spain and Columbia.
. Fail control for various markets including Asia.
. Monitoring and balancing of Foreign Currency Accounts.
. Trader - Client Liaison for Settlement Instructions and Trade
problems.
. Interest Claim Research on past due funds.
. Reconciliation of cash balances with Local custodians due to FX
transactions.
Receive & Deliver (October 1992- December 1993)
. Physical Equities Settlements and balancing.
. In charge of all aspects of Buy-In's on Equity Fails and Stock Loan
transactions.
. Monitor Seg Deficit and Weekly R&D Reports for trades over 5 day's. .
. Syndicate Issuance's for underwriting projects.
Computer skills
Include ADP / Cage 3, ICI Impact, Euroclear, DTC, Loanet, Global 1, Excel,
Access, Microsoft Word, Royal Blue Fidessa.
EDUCATION:
Baruch College, The City University of New York.
Received BBA in Business Management with Minor in Finance June 2003
Kingsborough Community College, New York
Received Associate Degree in Liberal Arts June 1988.
LICENSES: - Registered Representative Series 7, Series 63, and Registered
Principal Series 24.
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