Management System

Loren Recio

Home: 203-***-**** Mobile: 914-***-****

E-mail: **********@*****.***

SUMMARY OF QUALIFICATIONS – Treasury Analyst with broad experience in cash management, treasury projects and OTC derivative products. Possess effective communication, multitasking, and administrative skills. Highly motivated individual, proven to work in a highly charged and challenging work environment while consistently meeting commitments and goals.

PROFESSIONAL EXPERIENCE

GE Capital, Stamford, CT 9/2013 – 11/2015

Transaction Banking Analyst, Corporate Treasury

Reporting to the Corporate Treasury directors of GE’s Industrial businesses in the Americas, work with internal customers to understand their business needs and ensure the requests both matches their needs and Treasury’s global standards for bank operations.

Effectively execute on cash management aspects of strategic acquisitions and divestitures. Anticipate and produce deliverables, attend weekly calls, create cash maps and bank notification letters.

Complete a thorough pricing fee analysis and decision matrix highlighting best rated banks for Brazil’s RFP (Request For Proposal). Prepared pitch to enable efficient Senior Leadership Team decision making.

Perform the secretary and system administrator responsibilities for GE Industrial business’ workflow to request comfort letters and parent company financial guarantees (Global Credit Facility Online). Escalate and resolve discrepancies by serving as a liaison between the business treasurers, the bank, legal counsel, and ensure all requests are completed accurately and timely. Manage the system’s users and static data.

Reduced Industrial’s annual cost of paper statements by over $27K by means of analyzing bank fees and transitioning businesses to e-statements in Web Cash.

Lead the review and management of GE’s bank account management system updates including account signers for Industrial businesses to ensure compliance with Treasury Policy.

Drive simplification by leading Electronic Banking Third Party System Consolidation Project for various major banks. Improved efficiency through the standardization and automation of third party platforms.

Recognized with the “Above and Beyond” Award for supporting the successful closure of CAS Schedule II (internal audit) by implementing controls and finalizing Web Cash migrations

Primary point of contact for Appliance & Lighting, Transportation, and Healthcare on business support, inquiries, and resolutions of cash management and banking concerns.

JPMorgan Hedge Fund Services, Greenwich, CT

Assistant VP, Cash Management 6/2011 – 9/2013

Assistant VP, OTC Control Processing 1/2008 – 6/2011

Promoted to manage Derivatives’ middle office team. Transitioned three years later to the full time responsibility of cash management. Utilized hedge fund product knowledge and skills to support the day to day fund operations of cash activities.

Authorized and executed prime broker wire transfers and domestic/international wire instructions for the investment operation departments (including margin movements, cash transfers, swap resets, OTC premium options, etc.)

Revised and assessed wire backup documentation to reconciled cash movement. Sign off as evidence for internal/external audit. Materials included trade support, collateral exposure, confirmations, and settlement functions.

Responsible for documenting, training and executing the “Third Party Payment Process” procedures manual to all investment ops groups (OTC, Loans, Accounting, FX Settlements, & PB Margin).

Created training module on Cash Wire System and trained all areas of the OTC, Loans, Accounting, FX Settlements, & PB Margin middle office department.

Accountable for forecasting and maintaining cash positions and overnight short term investments, ex: money markets.

Maintained and validated wire instructions, including signatory lists, for both in-house wire system and prime broker systems in compliance with internal policies.

Gained comprehensive understanding of hedge fund operations, processes, and business objectives to enhance customer satisfaction and engage new clients.

Routinely met with technology to develop and improve our current Cash Wire System.

Screened daily reconciliation reports (cash, trade positions, mark to mark) to ensure all outstanding breaks were being correctly calculated and investigated.

Solved urgent issues, identified efficiencies, automated processes and utilized exemplary follow through.

Loren Recio E-mail: **********@*****.*** Page 2

OTC Control Processing Analyst 3/2006 – 1/2008

Coordinate to deliver seamless and effective services to our hedge fund clients.

Supervised and trained a group of six associates on internal OTC business processes and issue resolution.

Worked closely with traders and accountants to ensure all OTC trades are booked correctly into Geneva (accounting system).

Prepared and booked month end CDS and equity accruals.

Coordinated settlement of all OTC trades and resets.

Maintained accurate settlement instructions including authorized signatures.

Developed and maintained consistent communication and good working relationship between clients, counterparties, and prime brokers to identify and correct discrepancies.

Reviewed, signed, and approved OTC’s wires including margin movements, collateral interest, resets/closeouts of interest rate swaps, credit default swaps, and equity swaps, OTC option premiums, and currency options through domestic and international wire instructions.

Team leader in researching and resolving outstanding cash breaks resulting in an 80% reduction in four months period.

Paloma Partners Management Company, Greenwich, CT 10/2002 - 3/2006

Control Processing Associate

Increased levels of responsibilities from reviewing paper confirmations to running reports and settling trades.

Processed trade settlement reports, confirmed settlements, and prepared wires for all pre-settlements.

Investigated post value settlements discrepancies by working with traders to ensure accurate receipt/return of funds.

Monitored daily margin calls/excess exposure.

Reconciled trade positions, collateral, and independent amounts between counterparty and fund books.

Responsible for requesting new wire instruction set up for in house wire system.

Maintained and processed interest rate swaps in ODIS (in house IRS module).

Verified OTC derivative transactions in Documentum (in house confirmation system) and Geneva versus counterparty’s confirmation.

Led the development of the manual paper confirmation process to a centralized and streamlined practice.

Ernst & Young LLP, New York, NY 2/2001 – 10/2002

Staff Tax Accountant

Played an instrumental role in the preparation and review of federal and multi-state tax returns, estimates, and extensions for partnerships, C-corporations, and S-corporations.

Prepared quarterly estimates, commercial tax, and sales & use tax.

Facilitated communication and provided ample assistance to prepare foreign withholding tax forms.

Interacted with clients, accounting staff and government agencies in response to tax notices.

Processed data, covert to compliance product, and prepared for delivery.

EDUCATION

Baruch College, CUNY - B.S. in Business Administration

SOFTWARE KNOWLEDGE – Microsoft Office (Word, Excel, PowerPoint), Advent Geneva, DTCC, JP Morgan Access, In-house Wire Systems, Vault (similar to Reval)

LANGUAGES - Fluent in Spanish

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