Sr. Operations/Technology officer, Project Manager, Business Analyst

ORA MELAMED, PMP

*** **** ******

Leonia, New Jersey 07605

Cell: 201-***-****

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

PROFILE

Senior Operations manager with over 15 years in the finance industry and expertise in OTC and Listed Derivatives, Fixed Income products and Equities. Business Analyst familiar with all stages of the software development life cycle. Certified project manager with comprehensive knowledge of the project development life cycle as well the trade life cycle. Experienced in Operational risk, data and people management, and management of off shore teams. Experienced with CCAR and with 871(m)

PROFESSIONAL EXPERIENCE

ERNST & YOUNG, New York, NY 2014-Present

Manager, Advisory Services, Performance Improvement

Provide strategy and management consulting services to financial institutions. Help identify, assess, and manage process improvement opportunities.

Perform gap analysis for trading and operations systems. Analyze current state, design future state, identify process and system gaps, design and implement solutions.

Provide support to clients with the implementation of necessary processes and systems for compliance with regulatory reporting.

Provide support to Broker Dealers with CCAR data requirements and documentations.

Provide support to clients with system and process implementation needed to comply with regulation 871(m).

MORGAN STANLEY, New York, NY 2013-2014 Balance Sheet Control team – Global Lead

Global lead and Quality Assurance manager of firmwide sub ledger accounts substantiation and certification.

Manage the monthly signoff of all sub ledger accounts. Provide guidance and support on account ownership and signoff related issues.

Perform Quality Assurance activities and review departmental reconciliation and substantiation practices to ensure alignment with firm’s substantiation policy and guidelines.

Ensure a strong risk and control environment is maintained. Identify gaps in the process and coordinate implementation of tactical remediation steps with Operations and Risk managers.

Write, implement, and communicate changes in substantiation and signoff procedures for Balance sheet accounts.

Prepare Risk reports for senior management and stakeholders.

Client Account Ownership Group, Operations Risk and Control 2010-2013

Sr. Operations Manager, First Line of Defense, Client Accounts

Global owner of all Morgan Stanley sub-ledger Credit and Interest Derivatives Client Accounts. Owner of North America Cash Equity and Fixed Income accounts. Responsible for weekly and monthly account substantiation, certification and signoff.

Identify and resolve process gaps and exceptions to mitigate downstream risks.

Develop process improvement projects for the Client Account Ownership model, in collaboration with controllers, functional and business groups.

Manage an off shore team of professionals responsible for the creation of weekly and month-end account substantiation reporting packages.

Successfully defined the deliverables and responsibilities of the team and transitioned it from project stage to production.

Client Account Reference Data Group Manager 2010-2011

Managed the Client Account Ownership Reference Data group. Designed, created, and managed MS Access database objects of Morgan Stanley’s Client accounts.

Analyzed activities and referential data in all client accounts to define ownership rules by product and region.

Managed data related process improvement projects.

Designed and produced metric reports to senior management.

Managed training, transition, and support of the group’s responsibilities to an off-site team.

PRIMUS FINANCIAL PRODUCTS, New York, NY 2003-2008

Operations and Technology Group

Senior Operations Officer

Collaborated with partners and team to transform Primus Guaranty, Ltd. from a start-up to a publicly traded company.

Managed all activities and controls of Credit Derivative trade processing through the full life cycle of the trades for both structured and vanilla Credit Default Swaps on Corporate, Sovereign and Asset Backed bonds.

Implemented and performed quality tests on all trades in PTS, Primus proprietary trading system, ensuring accuracy of trade details and cash flows, compliance with market and internal regulations and with Primus Financial Products operating guidelines.

Managed trade documentation for all transaction types. Drafted according to ISDA standards, resolved differences and completed execution of all documents including paper and electronic trade confirmations, termination agreements, and novation consent forms. Successfully reduced execution time to mostly T+0 or T+1 eliminating backlog of unsigned confirmations.

Created control reports for risk and compliance analysis of Primus portfolios, including P&L, Mark to Market, Limits, Exposure, Availability and Pricing valuations reports. Identified and resolved problems flagged by reports.

Reviewed and approved all trades entered into Calypso, the trading platform for Primus’s Harrier Credit Hedge Fund trades. Trades included were single name CDS as well as correlation trades, CDS on indices and CDS on leveraged loans.

In charge of processing high volumes of payments (Premiums and other fees). Matched, resolved differences, netted, processed and reconciled between expected payments and actual payments received.

Executed and managed credit events. Calculated, matched, netted and processed payments. Oversaw delivery of bonds for physical settlements.

Reconciled daily cash and position reports for Primus CLO trades, working with CDO Suite platform as well as with Virtus Partners (Deal administrator).

Established and maintained excellent working relationships with internal and external clients including traders, portfolio managers, legal groups, internal and external auditors, controllers, rating agencies, software and data vendors, and all Primus counterparties.

Extensive knowledge of DTCC, ISDA, MARKIT, CDO Suite, Calypso, Bloomberg, Bloomberg Data License and Actuate.

PRUDENTIAL SECURITIES INC, New York, NY 1988 – 2002

ECN and Money Desk Groups, Information System Department (2000-2002)

Vice President, Business Analyst and Project Manager

Acted as Business Analyst Responsible for specification analysis, scheduling coordination, status documentation, and testing using Microsoft Word, Excel and Visio.

Liaised with internal and external groups working collaboratively to successfully complete projects.

Created user guide, a comprehensive data dictionary and training manuals for Bonddesk.

Facilitated integrity of existing trading system by establishing, coordinating and conducting tests and verification procedures in DB2 and mainframe.

Coded COBOL and JCL programs which checked accuracy of data in Money Market trade files and updated the trading system, ensuring availability and integrity of important trade facts to the traders.

Information Group, Financial Strategies Department (1988-2000)

Vice President, Group Manager

Managed a group of professionals providing highly analytical trade support to Mortgage and Asset Backed desks.

Designed, developed, and managed ORACLE database for structured Mortgage and Asset Backed securities. Oversaw all monthly updates, as well as updates of inter-related systems. Automated data entry and integrity checks.

Implemented and oversaw programs validating integrity of mortgage and Asset Backed cash flow data available to traders on IMPACT, Prudential proprietary Trading System. Interfaced IMPACT with Bloomberg and INTEX databases, as well as files from Fannie Mae, Ginnie Mae, and Freddie Mac.

Managed relationships with major players in the mortgage markets – counterparties, service providers, and government sponsored enterprises (Fannie Mae, Freddie Mac, and Ginnie Mae)

Successfully integrated users’ needs into database, combining in-depth knowledge of fixed income securities, broad experience with ORACLE database and SQL language, and understanding of users’ business needs.

Managed IMPACT support desk. (Mortgage and Asset Backed bond support). Improved effectiveness and efficiency of trading desk support by streamlining the support process, and effectively training and mentoring support staff.

Co-Authored a quarterly publication Recent Credit Performance of Mortgage and Home Equity Loan Issuers used by senior bankers and traders for risk management and trading decision.

Created performance database for Mortgage and Asset Backed deals, tracking issuer loss and delinquency data.

Implemented a wide variety of SQL reports for Mortgage and Asset Backed securities, accessed by bankers, traders and management for primary and secondary market trade decisions.

Reverse engineered CMO, Mortgage Backed Securities, and Asset Backed transactions for use in secondary trading and residual analysis.

EDUCATION

California State University, Northridge, CA

BS Health Science, awarded 1980

PROFESSIONAL REGISTRATION

Project Management Professional (PMP), Project Management Institute (PMI), October 2010

Series 7, General Securities NYSE/NASD Registered Representative, 1988-2002

Series 63, Uniform Securities Agent State Examination, 1988-2002

Series 99, Operations Professional Certification, FINRA, Jan 2014

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