Management Process
Resume:
Nicole Phipps
Email: *********@********.***
Address: *** ***** **
City: Matawan
State: NJ
Zip: 07747
Country: USA
Phone: 609-***-****
Skill Level: Experienced
Salary Range: $100,000
Willing to Relocate
Primary Skills/Experience:
See Resume
Educational Background:
See Resume
Job History / Details:
NICOLE PHIPPS
Matawan, NJ
*********@********.***
SUMMARY
Detail-oriented financial professional with proven analytical and leadership abilities. Established track record of developing and implementing successful financial projects in a fast-paced environment, streamlining processes and providing thorough ad hoc analysis for traders and management. Excellent product knowledge, creativity and problem-solving skills.
PROFESSIONAL EXPERIENCE
Societe Generale,
New York, NY
2008 - 2012
Operations Specialist, Equity Finance
-Created new macro-based P&L reports and month-end reconciliation process, providing deal-by-deal comparisons. New process diminished operational risks, improved data accuracy and reduced the overall process time by 3 hours.
-Directed seven analysts during daily process to ensure accuracy and timely delivery of reports. Assisted with system errors, missing pricing and rate inputs from Referential, and data integrity issues.
-Measured FX impact on portfolios given different market scenarios and analyzed historical exchange rate trends based on recent instability in the European markets to forecast possible trading losses.
-Produced detailed daily and monthly P&L analysis and reporting, income attribution, journal entries, and ad hoc reporting for management and traders of the Equity Finance Desk (Swaps, Stock Futures, Options, Index Products, Shares, Funds, and Domestic Stock Loan/Borrow).
-Reconciled daily notional amounts and interest rate charges for internal loans between all SocGen desks. Collaborated with traders to ensure report accuracy and investigate any variances.
-Resolved $13.5M in errors before the P&L was reported by identifying and correcting invalid valuations caused by system issues and middle office or trader booking errors.
-Planned, documented and executed project roll-outs related to dissolving a joint venture, transferring entity status from LLC to a corporation, new product integrations, changing portfolio reporting currency, and new system implementation into the P&L reporting process.
-Conducted weekly strategy meetings, projecting economic and trade decision impacts to the P&L.
-Performed User Acceptance Testing to validate and document the reporting of positions in several new computer applications utilized by the company to ensure P&L valuation was correct.
Bank of America,
New York, NY
2007 - 2007
AVP, Structured Municipal Products
-Managed two analysts and reviewed P&L for traders of $40B Muni book (Swaps, Futures, Eurodollars, and Munis). Fixed twelve errors before P&L and VAR reports were released.
-Researched pricing, position breaks, dividends and interest accruals for traders and corrected amounts in ADP or Bloomberg systems. Corrected $175K in P&L errors.
-Measured aged inventory and swap risk on trading books daily; compared expected to actual dividends to ensure receipt of correct amounts. Quantified daily cost of carry and calculated cash receivables from swap maturities to better explain P&L breakdown to traders.
-Developed swap pricing model for spot, forward and par rates using bootstrapping methodology.
RBC Capital Markets,
New York, NY
2007 - 2007
Senior Product Control Analyst
-Enhanced and automated reconciliation process to capture, sort and group GL and P&L data by account number, product and date for daily, MTD and YTD reporting. Reduced process time by four hours so more in-depth analysis of P&L could be performed.
-Created and tested valuation models for independent price verification. Convened with traders to review abnormal gains or losses and updated 25 positions with more accurate valuations before reports were released to senior management.
-Liaised with traders, risk management, IT, and Accounting to verify and improve reliability of P&L.
-Investigated and reported daily and monthly trading P&L to management and other departments for $20B Muni GIC Book (Munis, ABS, MBS, Govts, Options, Swaps and Futures).
-Ensured compliance with Canadian booking regulations by calculating Muni Book valuation utilizing month-end P&L in USD, Libor minus 20bps, trader spread, DV01 and maturity dates.
-Performed Monte-Carlo simulation to measure the impact of mitigating factors on bond pricing.
-Produced model for measuring correlation between historical and implied volatilities of options.
MortgageIT Holdings, Subsidiary of Deutsche Bank,
New York, NY
2005 - 2007
Senior Capital Markets Analyst
-Streamlined and automated the existing mark-to-market process by building a best execution pricing model for loan programs and moving loan inventory to MS Access, reducing process time by 50%.
-Supervised and trained three analysts to provide daily P&L inputs, product valuations, and risk measurements for informational reports produced for senior management.
-Designed a model measuring credit and prepayment risk, assessed duration, and estimated yield volatility. Permitted traders to approximate pricing quotes received on securitized mortgage packages.
-Provided historical analysis and graphs showing how short and long-term portfolio assets moved in conjunction with their corresponding hedges. Verified correct hedge selection by traders periodically.
-Composed explanations of complex daily movements portrayed in the MTM, hedging valuations, and day-to-day market variance to senior management. Performed asset attribution analysis to provide a more detailed picture of loan movement and its bottom-line impact.
-Evaluated daily P&L for $2B portfolio (Mortgages, TBAs, AOTs, FWDs, Options, and Eurodollars) and completed sensitivity analysis using Greek measurements to provide detailed P&L commentary.
-Investigated and analyzed daily pricing discrepancies likely caused by incorrect bulk trade uploads, large trade allocations, valuation errors, changes to trade stips, or scratch and dent loan designations to ensure P&L`s accuracy. Identified system errors totaling $3M before P&L report release.
PHH Mortgage,
Mt. Laurel, NJ
2002 - 2005
Pricing Analyst
-Managed nine analysts during the morning rate checking process to ensure company-wide rates matched market indicators. Detected 30 pricing errors before company released rate sheets, reducing costs from invalid customer rate locks.
-Utilized valuation models and performed testing to validate all mortgage and MBS pricing, enhancing product pricing and improving reliability.
-Designed a report identifying irregular pricing and loan data, allowing corrections before rates were locked in by customers and the company became liable for the mistake. Saved $275,000 annually.
-Generated weekly competitive pricing reports to senior management comparing our rates to similar competitors and loan preferences based on specific customer criteria.
-Collaborated cross-functionally to institute pricing infrastructure changes, expedite customer closings, and reduce company expenses by 25%.
Merrill Lynch,
Washington, DC
2000 - 2002
Registered Client Associate
-Acquired Series 7 and 66 to perform trade execution, allowing more time for brokers to expand their customer base and concentrate on other financial decisions.
-Improved customer satisfaction by creating PowerPoint presentations containing position analysis and portfolio recommendations to brokers. Decisions based on ML research and client risk profiles.
-Implemented systems training program for Private Wealth Advisors, increasing productivity by 25%.
-Performed daily account maintenance for the clients of five brokers, reducing processing time for account openings, fed fund wires, and broker transfers.
EDUCATION
MBA, Finance, New York University,
New York, NY * 2008
-Member of Michael Price Student Endowment Fund class - Responsible for investing and managing $1.5M of assets.
-Doing Business in Italy Program - International strategic management adopted by Italian companies.
BS, Business Administration, American University,
Washington, DC * 2000
-International Internship with Watson Wyatt Worldwide consulting firm
-Madrid Study Abroad Program - Creation and future outlook of the European Union
TECHNICAL SKILLS
Software: MS Office, MS Access, Bacardi, Eliot, Alise, R2D2, Bloomberg, ADP, PeopleSoft, Principia, Essbase, SQL
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