Management Manager

M IC HAEL K. I RE LAN ***** Goldenrod Lane

Wadsworth, I L 60083

i *****.****@*****.***

• 501-***-****

SUM MARY

Extensive experience and leadership driving performance and profitability through trading

and r isk management precision. Consistent record of exceeding corporate objectives and

personal goals.

KEY ACCOMPL ISH MENTS

• Strategically designed, deployed, and managed successful r isk and t rading models:

• US Treasury cash auction mechanism strategy

• Risk management design for large producer, consumer, and government commodity

exposure

• Low-latency algorithmic arbitrage systems for energy, agriculture, and fixed

i ncome products

• Developed commodity hedging programs for clients including the Mexican Government,

T yson Foods, Williams Energy, Watson Fuels, etc.

• Directed all trading and r isk management activities of a fully-integrated;

• Storage and t ransportation portfolio of physical natural gas trading

• Power assets desk covering PJM, NYISO, and Cinergy and correlated fuel

commodities

• OTC and exchange-traded structured products origination desk

• Created dairy and pork feed hedges marketed through international broker

I NTL Hencorp, Inc. and used by the Mexican Government

• Consistently profitable independent t rading in energy, currency, agriculture, and fixed

i ncome products and derivatives (as measured in terms of multiples of Value at Risk).

• Senior Risk Manager for Household International

• Managed $1.1 B foreign exchange r isk using currency cash, futures, swaps, and

options

• Asset manager of $200 MM “Held-For-Sale” portfolio

• Instrumental in the founding and development of Kingstree Trading, LLC energy trading

d ivision which grew from startup to;

• $12 MM in annual profits by third year and 5-10% of daily NYMEX natural gas

volume

• Corporate pension fund management experience including strategic management of pooled

employee pension fund exceeding $200 MM in AUM.

EXPER IENCE

K ingstree T rading, L LC 2003-

Present

D i rector/Trading and Risk M anagement

• Created natural gas arbitrage group which t ransacted 10-15% of daily NYMEX and ICE

p rompt volume

• Design and t rade volatility-based and yield curve arbitrage models in domestic fixed

i ncome markets

• Proprietary and algorithmic trading and analytic model design of energy, currency,

agricultural, and metals derivative products

R J OBR I E N 2009–

2010

I nstitutional Sales and Structur ing

• Sales and development of hedging structures for major commercial energy and agricultural

customers

• Working with institutional sales force to develop r isk mitigation programs in commodities

Northwind Resources, L LC 2007-2009

M an aging D i rector/Tr ading and Risk M anagement

• Managed all proprietary energy, agriculture, and fixed income trading teams in Chicago,

K ansas City, and Ann Arbor

• Designed and presented commodity hedging solutions to the fi rm’s government and

corporate clients

• Developed business initiatives, new strategy, and new t rader development and t raining

Reliant Energy, I nc. 2002 - 2003

Senior Asset M anager-M id-Continent and Eastern United States

• Set, refined and directed all strategy to optimize the firm’s Mid-Continent and East region

power assets

• Traded, hedged, and r isk-managed PJM, NYSO, and Cinergy assets, associated fuel (gas &

oil) requirements, basis, and derivatives.

• Developed portfolio/volatility management models critical to asset origination

Williams Energy Ma rketing and T rading, I nc 2000–

2002

Senior T r ader

• Management and t rading of Mid-Continent regional market-making and strategic t rading

of Cinergy and PJM power hubs, heat rates, natural gas, and correlated options

• Directly executed r isk management protocols set by Senior Risk Management Committee

Bear Stearns/Helios Group, L LC 1998–

2000

D i rector of F ixed I ncome T r ading

• Managed Fixed Income Desk covering all domestic fixed income market volatility and yield

curve t rading

• Directed budgeting, P & L objectives, strategy execution, and employee performance

evaluations

NationsBanc/Chicago Research and T rading (CRT) D ivision 1994-

1998

Genera l M an ager of P roprieta ry T r ading

• Strategically positioned company assets in markets with superior r isk/reward

characteristics using $500k daily average Value at Risk

• Managed t raders and all trading of proprietary capital in foreign and domestic fixed

i ncome

Household I n te rnational 1991-

1994

Risk M an ager of T r ading Operations

• Managed $1.1 billion portfolio of foreign exchange exposure using cash futures, swaps, and

options

• Chosen to manage bank’s $200MM “Held-For-Sale” Portfolio

F i rst National Bank of Chicago 1989-

1991

I nvestment Officer

• Managed investments and trading of firm’s r isk portfolio and designed long-term foreign

exchange r isk management strategy

• Developed and managed statistical arbitrage investment strategies in foreign and domestic

f ixed income markets

EDUCAT ION

Texas Christian University MBA 1987

William C. Conner Foundation Securities Analyst

Graduate Teaching Assistant; Commodity and Derivatives Products and Markets

University of M issouri-St. Louis BBA

1985

Cha rtered CFA Level 1 & Level 2 F I N RA Series 3

Eurex/DTB License

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