Sales Real Estate

D AVID G ROSSMAN

T: 516-***-**** *******@*****.***

FIXED INCOME EVALUATOR / RISK MANAGEMENT SPECIALIST

Complex Securitization Structured Analytics Portfolio & Risk Management

Highly motivated and experienced credit markets professional with expert proficiency in pricing hard to value fixed

income securities (corporate debt (HG, HY & Distressed), collateralized mortgage obligations (CMO), CMO/MBS

derivatives, exotic fixed income products & SPX and VIX index options). Analytical talent and quantitative mindset

immediately transferable to a trading or portfolio management position with a leading asset management firm,

investment bank, family office or hedge fund. Synthesize, review, and analyze sophisticated data, contributing

valuable input to the decision making process. Outstanding interpersonal communication and leadership skills.

Additional strengths include:

Credit Portfolio & Risk Management Quantitative Research & Problem Solving

Security Pricing, Analysis & Trends Client Collaboration & Leadership Skills

Long/Short Investing & Hedging High Profile Management Presentations

Trading Operations & Execution Interpersonal Communication Abilities

Fixed Income Product Expertise Due Diligence & Profit & Loss Analysis

PROFESSIONAL EXPERIENCE

STRYP Capital, LLC, New York, NY

Trader, CO Head Sales & Marketing for Tail Risk Hedge Fund (January 2013 Present) Successfully helped

implement STRYP’s strategy which provides investors with a combination of upside capture and significant left tail protection.

This allows the portfolio to perform regardless of market direction and volatility cycles. The portfolios objective: exceeds

performance of fundamental long/short funds with the volatility, exceeds performance of credit/fixed income funds without

credit (bankruptcy), duration and interest rate risk, while providing optimal combination of upside capture and portfolio

protection with a bump in alpha during a crisis

• Actively advised PM on current market for SPX & VIX options where they would create proprietary blends to

capitalize on relative value volatility arbitrage.

• Managed the SPY position to achieve the ideal delta the portfolio required.

• Created and implemented marketing and business plan to raise capital as well as developed numerous strategies to

enhance STRYP’s reputation while keeping costs low.

BLOOMBERG, L.P., New York, NY

Mortgage Backed Securities (MBS) Valuation Group

Senior Evaluator (2011 2012)

Excelled in a highly quantitative role valuing complex collateralized mortgage obligations (CMO’s), residential

mortgage backed securities (RMBS), and Interest Only & Principal Only (IO/PO) products to validate Bloomberg’s

fixed income pricing models. Primarily focused on Agency CMO’s, European

RMBS, and Trust IO/PO’s. Provided accurate, timely, transparent, and defensible asset valuations across liquidity

spectrum from highly liquid instruments to more illiquid and difficult to price securities.

Highlighted Responsibilities:

Approved quotes on thousands of CMO derivatives and input IO/PO data to drive daily algorithm used by the

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company to calculate prices of over 50,000 securities in the market. Leveraged Bloomberg’s option adjusted

spreads (OAS) model to provide valuable intelligence to clients.

Meticulously identified pricing errors in multiple asset classes and ensured accuracy of published rates.

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Pursued and applied systemic solutions to mispriced issues in cooperation with colleagues from technology.

Compared valuation results between derivative product classes to test for appropriateness.

Key Contributions:

Established a robust process to review data feeds received from leading broker dealers (J.P. Morgan, Goldman

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Sachs, UBS) to confirm pricing of Trust IO/PO’s. Closely analyzed prices assigned to coupon floaters,

inverse IO’s, and structured IO’s before uploading information to Bloomberg’s platform.

Created unique valuation detail screens that differentiated between Fannie Mae and Freddie Mac securities for

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the first time. Integrated macroeconomic factors (unemployment rates, refinancing trends, and housing

turnover) to break even and OAS analyses to generate more accurate pricing levels.

Successfully launched Bloomberg Credit Model to value European RMBS against U.S. non agency MBS.

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Included conditional default and voluntary pre payment rates to increase model’s overall reliability. Assured

all data inputs correctly reflected a country’s economic environment (interest rates, inflation, etc.) and

international credit rating.

FINANCIAL CONSULTING ASSIGNMENTS, New York, NY

Independent Financial Consultant (2007 2010)

TRILAND METALS, LTD. (subsidiary of the Mitsubishi Corporation) Commodities Markets Consultant

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Offered expertise in asset valuation and securities trading to a leading broker and market maker based

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in London, Tokyo, and New York that specializes in the futures trading of precious metals.

Applied the best practices in real time trade monitoring, mark to market calculation, settlements, and

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trading operations acquired from over 10 years on Wall Street to benefit Mitsubishi’s global growth

plans and expansionary ambitions in the financial services sector.

MORGAN STANLEY Global Wealth Management Division Fixed Income Sales Consultant

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Served as a special adviser to Morgan Stanley private bankers on selecting fixed income securities

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expected to generate highest returns for clients.

Performed extensive due diligence on mutual funds, hedge funds, private asset managers, exchange

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traded funds, and commodities traders, recommending portfolio managers with specific expertise,

investment record, and reputation sought by firm customers.

HIGHLAND FINANCE Junior Portfolio Manager

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Recruited by a former client to join an emerging hedge fund to formulate and implement CMO

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related trading strategies. Researched, analyzed, and recommended CMO derivatives and provided

guidance to senior principals on long/short investment & hedging tactics.

Transformed Highland’s primary fixed income fund into a hedge fund through diversification.

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BEAR, STEARNS & CO., INC., New York, NY (1999 2007)

Investment Banking Division

Mortgage Collateral Analyst (2007)

Specialized in valuing adjustable and fixed rate mortgage products for Bear Stearns’ fixed income desk, providing

guidance to firm traders on bid/offer prices on securitized loans. Diligently researched and analyzed credit &

collateral quality tied to pools of mortgages across the rate spectrum, ensuring that each set collectively met loan to

value and FICO standards set by management. Proactively identified possible arbitrage opportunities and raised

recommendations to traders.

Institutional Sales Trader, Fixed Income (1999 2006)

Executed trades for clients in all taxable fixed income products with an emphasis on mortgages, corporate bonds (high

grade, high yield, distressed), CMO’s, Agency CMO’s, and CMO derivatives. Actively managed fixed income

portfolios for hedge funds, broker dealers, and pension funds, purchasing securities and recommending short sale

strategies expected to generate the highest return.

Managed a team of 4 trading professionals and consistently generated revenue for the desk over tenure.

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Developed expertise in product innovations that included equity linked notes, commodity linked notes and

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commodity portfolios.

E D U C AT I O N & C E R T I F I C AT I O N

ARIZONA STATE UNIVERSITY, Bachelor of Science, Finance, Tempe, AZ

Professional Licenses: FINRA Series 3, 7 & 63.

S K I L L S & A D D I T I O N A L I N F O R M AT I O N

Computer Skills: Proficient in Microsoft Office (Excel, Word & PowerPoint).

Advanced user of Bloomberg, Bond Studio & Reuters market data platforms.

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