Operations / Reconciliations / Settlements professional

J O N A T H A N M A R K S A V A G E

Southend-on-Sea, Essex.

Tel: (M) 078**-******, e-mail: ***************@*****.***

_

. Operations professional with significant experience of

reconciliations / settlements

. Cash and stock reconciliations experience using a variety of

reconciliation systems and Excel (incl. complex reconciliations using

Pivot tables and VLookups)

. Extensive UK settlements experience (CREST, Unit Trust, etc.)

. Working knowledge and/or experience of CASS rules, dividends,

corporate actions, project work, process improvement, procedure writing,

UAT, root cause analysis and production of M I

. Conscientious, adaptable, organised, accurate and with common sense

EMPLOYMENT HISTORY:

L&G Investment Management Contract June 2014 - Present

Reconciliations Administrator - Investment Operations

. Daily reconciliation of high volume cash accounts (settlement,

Futures, Unit Trusts, etc.) in SmartStream TLM, including investigation

and allocation of breaks

. Stock reconciliations in Excel

. Liaison with internal and external parties to assist in the

resolution of breaks

. Running various MIS reports, e.g. Account balances extracts, cash

statistics

. FX deal & journal input (e.g. commissions, charges) into Quasar

. Calculation of cash adjustments for Fund Valuations

. Writing new / updating procedures as required

BNP Paribas Contract Mar. 2012 - Aug. 2013

Unit Trust Account Manager - Local Custody UK

. Processing & settlement of Unit Trust transfers & trades (incl. those

relating to stocks in CREST)

. Monitoring trade SWIFT queue (incl. manual input of rejected trade

instructions) & CREST GUI

. Failing trade/cash/stock break investigation, internally (incl.

outsourced offshore depart's) & externally

. Reconciliation of Unit Trust items on Intellimatch

. Investigation and resolution of client queries, incl. assisting with

new client transitions

. New account set ups (Applications) via Static Data & Coveralls with

Unit Trust Managers

. Ensuring procedures are up to date

Penson Financial Services Permanent Dec. 2007 - Jan. 2012

Senior Associate - Reconciliations

. Daily & month end reconciliation of: i) cash accounts (e.g. Nostro,

settlement, Treasury, FX, client money, CFD, etc.), ii) Front office to

Back office (FOBO), iii) Control in Accurate. Stock holdings (CREST,

Euroclear, Custodian & Unit Trust) in Excel, using pivot tables &

VLookups,

. Running various MIS reports from the reconciliation system, for both

internal and external parties

. Accessing various bank systems (JP Morgan Access, NatWest Bankline,

HSBCnet) & various Unit Trust Manager websites to download cash and stock

data

. Investigation of overdrawn cash accounts (client and Firm) and

investigation / allocation of reconciliation breaks (to settlements,

dividends/CA, Client money, Treasury, etc.)

. Liaison with other departments to assist in the resolution of breaks

. Issuing completed reconciliations to Correspondents

. System Administrator for the Accurate reconciliation system.

Responsibilities include the import of files, correction of rejected

ledgers & SWIFT's, addition/amendment of accounts/users

. Regular review of processes and updating of procedures

. Oversee the team and responsibilities when the Section Head is absent

BNP Paribas Permanent Aug. 2006 - Dec. 2007

Administrator - Controls and Reporting - Reconciliations

. CARS cash reconciliation system start of day (ensuring SWIFT's and

internal files have been received and initiating the Autoflow process

[download of files into CARS]), incl. system integrity checks

. Set up/amendment of client ledger and statement accounts in CARS

. Investigation and monitoring of unrecognised SWIFT receipts on the

Repair (Error) Queue

. Managing pre and post client migration tasks, including

reconciliation of new client a/c's in CARS

. Innovating new procedures and controls to enhance processes

. Liaison with Custodians, clients and internal departments

. Production and distribution of statistics and reports to internal and

external parties

J M Finn & Co Permanent Dec. 2004 - Aug. 2006

Senior Administrator - Reconciliations & Control

. Reconciliation of Unit Trust (both at the Fund Manager and Cofunds),

Residual, Euroclear, CREST, Custodian (BoNY) & paper holdings

. Investigation & resolution of exceptions, incl. liaison with Fund

Managers and internal departments

. Liaison with Cofunds, relating to holdings administered by them on

behalf of JM Finn

. Analysis of exceptions, providing statistical data to the

Reconciliations Manager

. Identification and instigation of new procedures and processes, as

necessary

. Supervising (4 staff), including the completion of Performance

Appraisals

The Bank of New York Temporary Oct. 2002 - Dec. 2004

Administrator - Reconciliations

. Reconciliation of Unit Trust & CREST (incl. use of the CREST G.U.I.)

. Investigation of exceptions, incl. liaison with Fund Managers,

Registrars and internal departments

. Effective prioritisation of workload by value and risk to the bank

. Investigation of aged "Excess" statements (external holdings not

reflected on the in-house system)

. Root cause analysis of reconciliation exceptions, to enable

identification of trends

. Project work, e.g. aged break investigation (complex

reconciliations), test script writing

Deutsche Bank AG. Permanent Sep. 1997 - June 2002

Custody Senior Administrator - CREST Settlements (2000 - 2002)

. Ensuring timely matching and settlement of Equities/Gilts/CD's & the

positioning of funds

. Investigation of cash & stock queries, incl. advising clients of

issues relating to failing instructions

. Input of OAT's, Cross Border Deliveries / deal splits / National

Declarations / Charity details

. Supervisor of 6 staff and authorised Signatory / Sealing Official

. Monitoring the Operators & D.B. interface (CMS) with the CREST GUI

. Involved in the re-location of the UK Custody business to Edinburgh,

including training of new staff

Custody Senior Administrator - Residual Settlements (1999 - 2000)

. Settlement of Unit Trust / Residual transactions & investigation of

failing trades

. Preparation of cash flows / position reports / internal account

movements

Custody Senior Administrator - Neutral Control (1997 - 1999)

. Reconciliation of Unit Trusts/ residual securities holdings incl. the

investigation of exceptions

. Project work

London Stock Exchange Permanent Dec. 1986 - June 1997

Settlements Manager (Central Monies Unit) (1991 - 1997)

. Settlement of Equity trades, mainly by CHAPS/SWIFT, with over 400

market participants

. Cash flow reconciliation & calculation of surplus funds for overnight

investment

. Suspense/Service Result/Invoice accounting (collection and

reconciliation of settlement fees)

. Liaison with clients and clearing banks

. Generation and reconciliation of accounting entries to reflect money

movements

. Analysis of data to produce statistics for use by the Exchange's

Settlement Risk Department

. System testing / parallel running of data

. Control of the bank systems used by the Exchange to support

settlement

. Part of the transition team involved in the transfer of securities

from Talisman to CREST

. Managing a team of 5 (including the completion of Performance

Appraisals)

. Official signatory on the settlement accounts & releaser of

CHAPS/SWIFT payments

Reconciliations Supervisor (1989 - 1991)

Reconciliations Clerk (1986 - 1989)

HM Customs & Excise Permanent Dec. 1984 - Dec. 1986

Clerical Officer - VAT Department

EDUCATION, QUALIFICATIONS & TRAINING:

Securities Institute, Investment Administration - Merit Award.

Achieving passes in:

Unit Trust Administration

Global Custody

Basics of CREST

Southend High School for Boys

1 GCE A'Level

8 GCE O'Levels, including Mathematics and English Language

Software Experience:

Various versions of Microsoft Excel & Word plus Lotus Notes, Outlook &

Access.

Reconciliation System Experience includes:

ASR (BoNY), CARS & Intellimatch (BNP Paribas), Accurate (Penson),

SmartStream TLM (LGIM)

Other System Experience includes:

CREST G.U.I., CMS (CREST G.U.I. interface used by D.B.), Rufus, CHAPS, BoNY

Inform, Bankline, JP Morgan Access, HSBCNet, CitiDirect, CONNECT & CONTEST.

Trading/settlement systems: DBT (Deutsche Bank), Class & GSP (BoNY), 4i SDS

(JM Finn), Hiport (BNP Paribas), Stars Institutional & Retail (Penson),

Quasar (L&G)

JON SAVAGE Telephone:

078**-******

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