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Regulatory Risk Reporting Business Analyst

Location:
New Jersey
Posted:
October 08, 2015

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Resume:

QUALIFICATIONS SUMMARY

Most recently, contributed as a Regulatory Operations Consultant for a substantial financial group in Jersey City, NJ, a position acquired by rising through the ranks of Merrill Lynch/ Bank of America from the margin risk reporting and financial securities role. In this leadership role, responsible for impacting the company’s monthly FOCUS report.

Regulatory (FOCUS) Reporting in accordance with The Uniform Net Capital Rule (15c3-1) and Customer Asset Protection Rule (15c3-3) required by the SEC containing Capital Charges and Reserve Requirements.

Exposure reporting through the Weekly Risk Management report which calculated all open obligations (margin maintenance calls) as a result of significant stock market fluctuation caused by financial announcements through the Federal Reserve.

Experienced with contacts in the financial, market data landscape including associations with Bloomberg Financial, Standard & Poor’s, Moody’s and FINRA.

Rapidly adapt to the new technologies and possess expertise in Advanced Excel, Microsoft Word, Microsoft Outlook, SQL Queries and a broad range of statistical software.

Experience with Finance/Accounting business knowledge including margin, trial balances, ledger and accounting journal entries.

History of excellence in… - FOCUS Reporting with Reserve Requirements and Capital Charges - SQL (Queries) - Financial Risk Management Report - Bloomberg Pricing System - Margin Expertise - Microsoft Excel trainer - Accounting 1,2,3 - Exposure report as a result from risky securities

PROFESSIONAL EXPERIENCE

GOLDMAN SACHS, Jersey City, NJ May 2014 – February 2015

Regulatory Operations Consultant

•Responsible for US Transaction Reporting in the Regulatory Operations group.

•Implement analysis and accuracy in the firm's Electronic Blue Sheet reports.

•Perform daily regulatory rule reporting to the NYSE for the firm, Risk Management problem solving, troubleshooting, testing and ad hoc analysis.

•Maintaining customer accounts, improving and resolving operational efficiency of financial systems.

STATE STREET BANK, Princeton, NJ February 2013 – November 2013

Business Analyst Consultant

•Interprets user requirements into a well-organized and sustainable functioning Finance System application reporting to the upper management.

•Abiding to Regulatory benchmarks and requirements, but at the same time upholding Information Technology criteria and superlative applications

•Bring about working successfully with IT support for cooperation during project testing and assessments of total stability of project deliverables

•Liaison between various financial institutions and their respective clients in preparing account specifications (Specs), creating SQL queries for automation, utilizing regulatory reporting expertise, preparing monthly/yearly monetary statements and assuring accuracy and verifying precision

•Build and maintain SQL scripts, indexes and complex queries for data analysis and extraction.

•Managed company network, provided troubleshooting for customers, and ensured efficiency of company-wide computer operations.

MERRILL LYNCH/BANK OF AMERICA, Hopewell, NJ September 1986 - November 2012

Margin & Monetary Approvals May 2005 – November 2012 Regulatory Reporting Analyst

Determining whether securities should be margin, improve and expand the process of regulatory reporting, and to adjust Regulation T and margin requirements on specific types of accounts.

Prepare the Domestic/International FOCUS reports in accordance with the Uniform Net Capital Rule (15c3-1) and Customer Protection Rule (15c3-3) required by the SEC involving capital charges, profitability analysis and reserve requirements.

Partner with Global Wealth & Investment Management, Compliance, Exposure, Collections and Legal units to analyze write offs, costs, account deficits, recoveries, day trade and high value maintenance calls to consolidate and prepare accurate reporting for senior executives. The reports were completed on time while developing effective operating relationships between business units.

Establish new tracking and reporting system through Microsoft Excel to improve availability and accuracy of financial data. As a result, the data was generated in reduced production times with a large percentage increase in precision.

Risk & Credit Control June 2000 – April 2005 Regulatory Reporting Analyst

Conducted analysis of financial data to assess risk associated with stock market fluctuations, followed up with branch offices accordingly and ascertained future trends.

Compiled and reviewed considerable deficit accounts and analyzed the shortfall of equity that impacted possible exposure to the firm.

Performed ad-hoc analysis and reported interim exposure detail based on significant decreases in the stock market or a reduced worth of a price in certain securities.

Margin Department September 1991 – May 2000 Reports Analyst

Conducted weekly analysis of liability accounts to organize weekly risk management report.

Integral in calculating margin accounts and security pricing with obligations for accuracy.

Automate databases in MS Excel with financial market statistics, trading volumes and year to date averages with information from Wall Street Journal, Bloomberg, Internet, etc.

Integral in assuring all account statements were accurate and balanced accordingly.

Reconciled dividend adjustments caused by fraudulent activity.

EDUCATIONAL BACKGROUND

Bachelor of Arts in Mathematics – RUTGERS UNIVERSITY, New Brunswick, New Jersey RARITAN VALLEY COLLEGE, Raritan, New Jersey Accounting 1,2 3, Business Law 1,2



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