Treasury / Cash Management / Junior Portfolio Manager

NICHOLAS LOIACONO

*** *. ****** ***** **. Ho-Ho-Kus, NJ 07423 845-***-**** ********.********@*****.***

SUMMARY

Highly motivated candidate with a long and successful track record of success at multiple financial institutions in various roles, on both the sell-side and buy-side of the industry. Ability to quickly adapt and take on new responsibilities outside of the original parameters of a given role, as well as a passion for automating and improving processes. Experience in back, middle and front office roles across multiple products within varying financial settings. Extensive experience coordinating projects of various types. Seeking a position as a Corporate Treasurer or COO of a reputable financial institution.

EXPERIENCE

TWO RIVERS TRADING GROUP, LLC – Hoboken, NJ May 2018 – Present

Head of OTC Treasury and Operations

•Responsible for managing all assets tied to the OTC desk, including cash and multiple cryptocurrencies. The OTC desk provides OTC liquidity in cryptocurrencies to multiple counterparties, and hedges using both cash and futures.

•Creation of risk and PnL model that broadcasts real time positions and risk throughout the firm. Created utilizing SQL, Excel and VBA.

•Manage coin inventory across multiple exchanges and internal custody solutions. Work with head trader to efficiently monitor and transfer inventory as needed.

•Serve as second trader on desk when head trader unavailable or in times of high volumes.

•Created reconciliation tools used throughout the firm to confirm daily PnL and risk.

•Assist with onboarding of new counterparties.

•Work with developers on improving internal trading and position management systems.

DV TRADING, LLC - New York, NY Jun 2016 – May 2018

Treasurer and Head of Fixed Income Risk

•As Treasurer reported directly to the DV Partners and CFO. Responsible for overseeing all aspects of cash flow management for each DV entity, as well as FX hedging. In addition, assumed the role of head of Fixed Income risk, and managing DV Energy risk at FCMs.

•Created daily treasury summary for consumption by DV partners and CFO outlining daily cash flows, margin allocation across all FCMs, and various other vital data to allow decisions to be made quickly and efficiently daily.

•Streamlined multiple processes through automation, including creating new databases with vital data from FCMs, and adding VBA macros to various spreadsheets to increase efficiency and reporting.

•Process all wires and ACHs daily for the firm in both USD and non-USD.

•Oversaw Fixed Income risk of 35+ traders, across multiple pods. Implemented system to allocate risk and balance sheet based on trader capital at the firm, and created new risk parameters to limit firm exposure. Instituted new processes to accurately track live PnL by asset class and specific line item positions to help identify price breaks or other top day trade issues.

•Managed the migration of all Fixed Income traders from Rosenthal Collins Group to DV Trading, LLC in 1.5 months.

•Responsible for maintaining and onboarding all Fixed Income relationships, including OTC counterparties (both inter-dealer brokers and Broker Dealers) as well as electronic vendors such as BrokerTec, E-Speed, GX2 etc. Onboarded over 25 new cash bond counterparties.

•Created numerous EOD Fixed Income reports to identify operational issues top day, such as an FICC unmatched report. The report resulted in reducing T+1 breaks by over 85%.

•Streamlined process to identify errors in FCM margining, specifically the VaR calculation for energy products. Worked with DV developer to transpose FCM data into a usable framework and created reports which led to a capital savings of 10mm+ within two months of project inception. The same procedures are now being leveraged by the risk department for equities margin at FCMs.

•Trade exchange listed options boxes, applicable hedges and single name equities to increase firm PnL. 2017 combined PnL of +$175K using 100mm debit TE for boxes and 5K in DV computed VaR. Worked with developer to create internal DV funding curve as well as FedFunds forward rate curve to accurately predict carry from box trades, as well as developed a tool to strip boxes into FF futures equivalents for proper hedging.

•Oversaw all aspects of onboarding two new fixed income groups to DV (20 traders and 4 traders respectively). Worked to incorporate new traders into the current DV framework, as well as coordinated with IT team to ensure electronic trading was correctly implemented. Also assisted CFO and legal in creation of new legal entity for tax purposes.

•Worked with multiple groups within DV such as compliance and legal on various projects as necessary. As the point person for many projects and onboarding ensured all necessary groups were involved to ensure no operational or legal missteps.

•Revamped the firms monthly margin charges methodology to an automated process reducing calculation time from two weeks to two days. Also corrected errors in previous methodology to correctly charge traders for margin and capital usage.

•Trained new fixed income analyst to assist with day to day operations, and cross trained the analyst for back up on treasury tasks.

DRW TRADING, LLC - New York, NY & Chicago, IL Jun 2014 – Jan 2016

Trader – Crude Oil Futures Desk

•Worked on a two-man team providing liquidity in multiple energy products for both futures and swaps on NYMEX and ICE exchanges across the whole crude barrel, including - WTI crude, Brent crude, Heating Oil, RBOB gasoline, Gas Oil and Fuel Oil.

•Added stochastic analysis and RV analysis to the desks strategies to increase proprietary trading PnL.

•Played a major role in the process of taking over a Fuel Oil book of one of the world’s largest Fuel Oil producers. Assisted both the Crude Futures and Crude Options desks in migrating positions into DRW framework as well as modeling out the risk for all the new products previously never traded by the firm.

Assistant Treasurer Apr 2011 – May 2014

•Reported directly to the DRW Partners, functioning as the internal bank within the firm. The treasury attempted to maximize resources within the unique business structure of DRW by setting internal funding and balance sheet rates.

•Reconciliation of RWA calculations with FCMs/prime brokers.

•Responsible for trading exchange traded boxes (and related hedges) to maximize Total Equity efficiency among clearing firms and earn profit for the house. In addition, managed the daily Total Equity balances and Net Liquidation values across all FCMs and all DRW entities.

•Oversaw new and existing counterparty relationships; both bi-lateral and prime brokerage.

•Created process to optimize placement of 20BN in balance sheet for DRW fixed income desks across multiple clearing firms. Products included US Treasuries, CAD, EUR and JPY sovereign debt.

•Developed new and innovative ways to increase gross balance sheet through clearing relationships and FICC membership.

Tactical Interest Rates Desk – 3yr Treasury Trader Aug 2010 – Mar 2011

•Worked with senior trader trading U.S. treasuries and futures in the short end of the curve (2-4 year maturity, +1MMPnL on $2BN gross balance sheet).

•Focused on trading RV strategies in treasury space, short end swap spreads and treasury basis.

Desk Operations Specialist Aug 2009 - Aug 2010

•Managed a team of 6 trading assistants in Chicago and London working on the Tactical Interest Rates Desk and Fixed Income Portfolio Strategies (FIPS) desks.

•Responsible for training TAs in multiple areas including general product knowledge, DRW specific procedures and P&L reporting and reconciliation.

•Designed and created a new process to seamlessly integrate TAs onto the trading desk.

•Revamped P&L reporting procedures to create smooth month end and year end P&L reconciliation between trading desks and accounting. Responsible for rectifying 1.8mm OTC swaps PnL discrepancy for FIPS desk.

BREVAN HOWARD ASSET MANAGEMENT - Greenwich, CT Sep 2008 –Mar 2009

International Relative Value Trading Desk – Junior Trader

•Joined three-man team consisting of Portfolio Manager, Senior Trader and Junior Trader to trade U.S. Treasuries, swaps, futures, options and related financing (+$10MM PnL on $10bln gross balance sheet).

•Designed and constructed test trades to gain an understanding of the pricing model and identify potential dislocations in various markets.

International Relative Value Trading Desk -Trading Assistant Jun 2008 – Aug 2008

•Supported four execution traders and four portfolio managers across multiple accounts and products. Responsible for training recent college graduate to assist with TA responsibilities.

•Coordinated delivery of CBOT treasury futures.

•Covered a wide variety of products, consisting of US Treasury Market (including auctions), Eurodollar futures and options, FRAs, CBOT futures and options, spot FX and FX options, interest rate swaps (which included vanilla, asset swaps, basis swaps, exotics), and swaptions.

RBS GREENWICH CAPITAL - Greenwich, CT Apr 2007 – Apr 2008

Vanilla USD Swaps Middle Office Book Runner

•Generated and reported theta to Front Office daily, created weekly FRA reports for the desk.

•Validated and confirmed a variety of swaps, including vanilla swaps, asset swaps, zero coupon swaps and basis swaps.

•Rectified P&L daily to compare Middle Office P&L versus Front Office P&L and RBS proprietary P&L system.

Futures and Options Analyst May 2005 – Mar 2007

•Oversaw firm wide reconciliation of exchange traded futures and options across multiple exchanges and supervised delivery process for CBOT treasury futures (with deliveries up to 3bn in cash notional per CUSIP).

•Assisted with inputting and coordinating customer bids for US Treasury Auctions.

ALLIANCE BERNSTEIN CAPITAL MANAGEMENT - White Plains, NY Aug 2004 to May 2005

Fixed Income Operations

•Confirmed trades for all supported trading groups which included US Corporate/Government, High Yield, Municipal, Global Macro, Emerging Market and Investment Grade groups.

•Managed settlements for Alliance and Sanford Bernstein Municipal Funds and Alliance High Grade Accounts.

EDUCATION, ACTIVITES AND LEADERSHIP

THE JOHNS HOPKINS UNIVERSITY - Baltimore, MD 2003

Bachelor of Arts, Major: Economics

SWARTHMORE COLLEGE - Swarthmore, PA

Major: Economics 1999-2000

Johns Hopkins Football Team, 2000-2002 : All Conference Defensive End 2002 & Member Conference Championship Team 2002

Swarthmore Football Team, 1999-2000: All Conference Defensive End 2000 & Member of Players Council 2000

Delta Upsilon National Fraternity, Swarthmore Chapter

SKILLS: Highly Proficient Microsoft Excel and Microsoft VBA, Bloomberg and SQL

References from Senior Management available upon request

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