Management Manager

MICHAEL HYLAND

*******.******@*****.***

Home Phone: 973-***-****

Cell Phone: 908-***-****

PERSONAL STATEMENT

I am looking to leverage my front office experience in derivatives, trading and management into

a consulting role that will offer me a better work/life balance.

PROFESSIONAL EXPERIENCE

SPECIAL PROJECTS CONSULTANT JULY 2013 - PRESENT

BNY MELLON

Working to resolve the bankruptcy claims related to the bank’s derivatives trades with

various Lehman Brothers entities

• Researched and documented initial basis for claims

• Met with legal counsel to understand legal aspects to claim process

• Successfully sold claims that were in favor of the bank

•Worked with Finance to make sure all receivables, payables and reserves were properly

offset upon the resolution of each claim

•Currently on final step of project: negotiating directly with Lehman regarding claims in

which the bank owes money to the Estate

PERSONAL INTERESTS MARCH 2010 – JULY 2013

Spent three years doing things that I wanted to do including:

•Extensive travel with family (Bermuda, Costa Rica, Paris, Canada, and Alaska)

•College coursework (Certified Financial Planning program at Fairleigh Dickenson)

•Successfully flipping a vacant home in “downtown” Chatham NJ (via a self-created

Limited Liability Company – Stonewyck Investments LLC)

DERIVATIVES TRADING MANAGER MARCH 2007 – MARCH 2010

BNY MELLON

Managed a group that was responsible for all fixed income, equity and FX derivatives trading

done by the bank in its capacity as a customer facing market maker

• Staff included traders, quants, technologists and trade administrators

• Business mix was roughly 70% fixed income, 20% equity and 10% FX

•Worked to develop a strong team environment that promoted cross-asset awareness and

big picture goals

Day to day responsibilities included:

•Reviewing open risk positions in all three asset classes via open discussions with traders

•Analyzing historical hedge performance with a view towards optimizing risk reports

• Interfacing with managers of support areas such as:

oRisk Management (for any issues related to risk limits or measurement)

o Accounting/Finance (for matters surrounding p&l recognition)

oBack Office (for any larger trade discrepancy or workflow issues)

•Transacting in a “Management Trading Book” with an eye towards hedging overall

group performance and protecting the bank in extreme market conditions

Ad hoc responsibilities included:

• Overseeing quant and technology staff with respect to new product development and

existing model improvements

• Driving business efficiency projects within the Front Office (trade capture automation,

electronic data organization, etc.)

• Making regular presentations to senior management about business achievements and

aspirations (CEO, President, CFO)

• Allocating resources and deciding upon future business strategy (including p&l targets

and risk limits) during the annual planning process

• Being a member of the Global Markets Management Committee with an eye towards

building greater synergies across Derivatives, Capital Markets and spot FX trading

INTEREST RATE DERIVATIVES TRADER

JULY 1993 – MARCH 2007

SUSQUEHANNA INVESTMENT GROUP/BANK OF NEW YORK JOINT VENTURE

Ascended to Senior Trader over a period of actively trading a wide variety of interest rate

derivative products within a joint venture that quadrupled revenues during a ten year period

• Final role within JV was as portfolio manager for all USD risk:

oDelta hedging using simple swaps, FRAs, futures, Treasuries and Agencies

oVega management including European vs. Bermudan swaption basis risk

oCorrelation hedging between delta and vega (i.e., normal vol approximation)

oGamma management through the use of short dated options

oSkew management via both swaption and cap/floor spread trading

•Trading strategies and tools constantly evolved in response to both economic and market

conditions

•Earlier roles included market making to client base along with spreadsheet and model

development

Attended SIG training class at their headquarters in Bala Cynwyd to study market-making

strategies and conditional probability (with a heavy emphasis on Seven Card Stud)

Also participated in Bank of New York Management and Credit Training Program that

included exposure to lending, accounting and bank operations

ACCOUNT ADMINISTRATOR JUNE 1989 – SEPTEMBER 1992

JP MORGAN

Account Administrator responsible for corporate relationships in the UK and Netherlands

Participated in a 12 month JP Morgan Operations Training Program that taught a variety of

management development and banking related skills

EDUCATION

NEW YORK UNIVERSITY STERN SCHOOL OF BUSINESS

MBA DEGREE in FINANCE (with Distinction)

MAY 1993

UNIVERSITY OF PENNSYLVANIA

BA DEGREE in COMPUTER MATHEMATICS (Cum Laude) MAY 1989

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