Front Office Operations
Resume:
Peter Cavalieri
Mahwah NJ *****
917-***-**** ac8ghd@r.postjobfree.com
Results driven operations leader adept at transforming organizations through technology and process re-engineering.
CORE COMPETENCES
Managerial Courage Staff Development and Mentoring
Operational Design Partnership Building across Disciplines
System Design Strategic Leadership
The Bank of New York Mellon, New York, NY
Vice President, Dodd Frank Transaction Reporting
Feb 2016 – Dec 2018
Responsible for global Dodd Frank transaction reporting, encompassing the following asset classes: Foreign Exchange, Interest Rate, Equity and Credit Derivatives.
Led Dodd Frank reporting teams in North America, Europe and Asia, requiring extensive knowledge of transaction reporting requirements
Responsible for transaction reporting to major global regulators, including CFTC, EMIR, HKMA, CSA, ASIC, MAS and BOI
Developed Business Requirement Documentation (BRDs) for all new Dodd Frank requirements and changes
Created all test case scenarios for UAT Dodd Frank testing for upcoming changes and new requirements
Work stream leader for UAT testing for all new Dodd Frank requirements and changes
Managed multiple regulatory projects, including HKMA Phase 2, ESMA RTS 2.0 and Bank of Israel reporting
Work stream leader for implementation of Risk Focus Reporting solution
Developed and led strategic redesign for post trade transaction regulatory reporting across multiple jurisdictions
Key participate in the remediation of Dodd Frank reporting for F/X
Provide regulatory updates to senior management on recurring basis
Vice President, Head of Derivatives Operations
Feb 2013 – May2016
Responsible for Derivatives Operations, inclusive of the following products: Interest Rate, Equity Derivatives and ETD/OTC Clearing.
Led a team of twelve individuals responsible for Derivatives production support
Strong knowledge of ETD/OTC Derivative execution and clearing system
Evaluated internal control environment and developed and improved operational support functions to reduce operational risk
Ensured all Operations policies and procedures were adhered to
Prepared and tracked monthly KRI’s
Implementation of Equity Index Futures for the ETF Trading Desk
Established all operational workflow and processes for the newly formed Listed Option Market Making business
Consultant
May 2012 – Feb 2013
Overview: Responsible for the implementation of Dodd Frank reporting for Interest Rate and Equity Derivatives
Team lead on project to implement Dodd Frank reporting
Constructed test case scenarios for QA and UAT testing for Interest Rate and Equity Derivatives
Performed QA and UAT testing for Dodd Frank Reporting which included end-to-end testing
Developed workflows and procedures to document Dodd-Frank reporting obligations
Defined tactical and strategic solutions for Dodd Frank reporting
Guggenheim Securities Inc.
Securities Operations – Director
July 2010 – Feb 2012
Overview: Responsible for Exchange Traded Derivatives Clearing Operations.
Work stream leader of the Exchange Traded Derivatives Operations in New York, in order to expand business footprint in the U.S.
Created policies and procedures manual for the processing of Exchange Traded Derivatives Operations
Work stream leader in the implementation of FinPro front office system for Guggenheim’s Securities Repo business
Worked closely with IT to develop STP trade feeds from Bloomberg to back office system (IMPACT)
Commerzbank N.Y. (Formerly Dresdner Bank AG)
Director, Derivatives Operations
May 1996 –Mar 2010
Overview: Responsible for Operations at the U.S. Broker Dealer (Derivatives), inclusive of the following processing, settlement, reconciliations and confirmations.
Managed a team of eight individuals responsible for both Exchange Traded Derivatives and OTC Derivatives
Work stream leader of the Futures Commission Merchant (FCM) for Dresdner Bank, which enabled Dresdner to apply a member exchange rate on a global basis, resulting in a savings of approximately $5M
Assisted in the implementation for Equity Derivatives Operations in New York, in order to expand business into the U.S.
Created policies and procedures manual for the Equity Derivatives Operations
Managed the preparation of structured Confirmations for Prepaid Variable Forwards transactions
Restructured Precious Metals Operations procedures through implementation of the Devon processing system, which eliminated three legacy systems and reduced overhead as well as operational risk
Implemented KONDOR + for all Money Market products, eliminating multiple extraneous systems and resulting in a savings of approximately $1.1M
Managed fourteen (14) major audits by the following regulatory groups: FINRA, FRB, SEC, NFA, and Price Waterhouse Coopers
Barclays Group Inc.
Assistant Director, Exchange Traded and OTC Derivatives Operations
July 1988 –May 1996
Overview: Responsible for Derivatives Operations for the U.S. Broker Dealer arm of Barclays, inclusive of the following products: Exchange Traded Derivatives, Listed Options, OTC Options, Floating Rate Agreements and Interest Rate Swaps.
Managed a team of eight individuals, responsible for all daily functions of ETD and OTC Operations
Pioneered the design and development of the Flexible Integrated Securities Trading System (FISTS) Broker Activity Report, which is now utilized industry wide
Consolidated Barclays Bank PLC’s North American Futures and Options Operations into the Barclays de Zoete Wedd Securities Inc. Futures and Options Operations, reducing overhead by approximately $300K
Part of the work stream to establish Barclays as a Futures Commission Merchant (FCM), clearing thru the CBT/CME for Exchange Traded Derivatives
Managed major audits by the following regulatory groups: FINRA, FRB, CBOT, NFA and Price Waterhouse Coopers
Established a policies and procedures manual for the ETD and OTC Derivative Operations
PROFESSIONAL AFFILIATIONS
Attended and participated in ISDA Working Group meetings
Attended DTCC Industry Working Groups meetings on new and upcoming regulatory changes
References
Furnished upon request
Contact this candidate