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Director, Equity Sales and Trading. Risk and Compliance Management

Location:
Rockaway Park, New York, United States
Posted:
May 06, 2019

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Resume:

Stephen J. Lennon

*** ******* ******

Rockaway Point N.Y. 11697

(Home) 718-***-****

(Mobile) 347-***-****

(Email) ac9a9o@r.postjobfree.com

CAREER HISTORY

SCOTIABANK NY, NY April 2016 – Nov 2018

Director – Head of Index and Structured Product Trading

§ Head of index and structured product trading in the US.

§ Worked with sales staff to price listed and OTC trades based on both domestic and international indices stocks, and ETF’s.

§ Responsible for insuring trading books were in full compliance with regulations and risk limits.

§ Responsible for mentoring and training junior desk members.

§ Managed the performance review process for trading team including (but not limited to) establishment of performance objectives, mid-year and year end performance reviews.

§ Relayed market information to customers, pointing out revenue opportunities and formulating option strategies to capitalize the most efficient way possible. Conducted other sales trader functions to increase overall revenues for the firm.

§ Created a daily market recap for the US that included news and trading information on all layers of the capital structure. Highlighted large transactions, trends, or volatility moves for use within the firm and for our client base.

BNP PARIBAS NY, NY May 2012 – Nov 2015

Director – Global Equity Derivatives

§ Head of US trading in small cap and NASDAQ indices.

§ Established the ETF trading desk with responsibilities for trading US sectors including equity, fixed income, commodities and FX products.

§ Collaborated with research team to identify trading opportunities in the marketplace, which were then transformed into specific actionable trading ideas for sales staff to market to clients.

§ Participated in process review of trade capture flow with technology staff in order to create better order management and trading systems.

§ Responsible for insuring trading books were in full compliance with regulations and risk limits.

§ Supervised trading team of 2 full time employees

§ Served as the main liaison between Asia/Pacific and New York trading desk. Hosted conference calls and meetings in order to make sure market ideas and trends were shared between offices. MERRILL LYNCH NY, NY June 2007 – May 2012

Director – Global Equity Derivatives

§ Head of US trading in small cap and NASDAQ indices. Including listed, OTC and exotic options and swaps.

§ Collaborate with research to price, market, and execute trading strategies for our customers.

§ Participated in the creation, marketing, pricing and trading of listed and exotic options for the firm’s retail division, specifically the high margin structured notes program.

§ Supervised trading team of 3 full time employees

§ Managed the performance review process for trading team including (but not limited to) establishment of performance objectives, mid-year and year end performance reviews.

§ Successfully recruited staff.

§ Led a review of the end to end trade capture process with back office to streamline communication between desks and to re-negotiate commission rates with brokers. DEUTSCHE BANK AG, NY, NY Jan 1998 – Jun 2007

Director – Global Equity Derivatives

§ Manage trading of Index Option Book.

§ Established the New York based ETF trading desk, a new product at the time, and helped educate sales and client base on the opportunities this new product presented to investors.

§ Presented on the “Lunch with an Executive” program by meeting with select junior members of staff across various departments of the bank.

§ Participated in recruitment process for the bank’s Graduate Training Program.

§ Collaborated with the global sales force to help customers execute trading ideas and strategies.

§ Developed global hedge book that enabled traders to easily implement inter-market trading strategies. NATWEST SECURITIES, INC. GREENWICH, CT Jan 1997 – Jan 1998 Director – Global Equity Derivatives

§ Executed stock basket trading activity for the firms proprietary book.

§ Performed various risk management activities including (but not limited to) position verification and reporting, flash P/L production and validation, initial end-of-day trading desk sign off.

§ Served as key contact for accounting and operational support groups in the resolution of position and price breaks.

§ Re-negotiated commission rates with IDB market as well as floor staff. MORGAN STANLEY & CO. INCORPORATED NY, NY May 1987 – Jan 1997 Vice President – Global Equity Derivatives

§ Managed the customer reconciliation area to analyze returns on agency and index arbitrage strategies for clients.

§ Created a series of client specific reports to more effectively address their specific control and regulatory requirements

§ Served on the program desk executing basket trades for both customers and the firm

§ Named head of the customer index arbitrage desk, guaranteeing specific rates of return on all trades.

§ Promoted to head of the customer futures desk, insuring all executions of customer orders were completed in a timely and transparent manner

§ Performed various risk management activities including (but not limited to) position verification and reporting, flash P/L production and validation, initial end-of-day trading desk sign off Education & Certifications

• Series 3 certified Member - CBOE direct

• Series 7 certified Hofstra University - BBA Finance (January 1988)

• Series 55 certified

• Series 63 certified

• SIE certified



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