Jeffrey Rairan

** ******* ****** • Fairfield, CT 06825

Home: 203-***-**** • Cell: 203-***-**** • acugh3@r.postjobfree.com

EXPERIENCE: Director, Head of Broker Dealer/Fund Operations Aug 2012 - Present

Telsey Advisory Group & Telsey Consumer Fund Mgmt.

New York, NY 10017

Manage and oversee the Operations Department of a full-service broker dealer engaged in the sale of equity research, trade execution, investment banking and consulting. Team leader responsible for building the structure of a new hedge fund, including vetting, negotiating contracts with, and integrating the main vendors. Partner with legal/compliance, onshore and offshore counsel to help review related LPAs and subscription documents. Supervise daily trading and fund operations including trade breaks with brokers, allocations, and fail/buy in management. Manage fund expenses and work with accounting to verify tri-party reconciliation to shadow fund administrator.

Selected Accomplishments:

-Transformed operational and trading structure to incorporate additional 15c3-5 requirements, including setting up customer credit limits, street side route order limits, trading and compliance alerts, and optimizing the STP of execution and middle office settlements.

-Served as a member of the business development team in charge of project management of new business initiatives.

-Spearheaded the projects to build The Telsey Consumer Fund, the Fixed Income underwriting desk, and the International Trading desk.

-Working to integrate CMTA options & International trading into a new OMS provider to centralize the retention of trade data.

-Renegotiated and standardized all executing brokers and algorithmic provider fees.

-Created policy for monitoring real-time executions and daily reports for quality, latency, slippage, liquidity capture, and cost of execution.

-Reviewed all FIX provider agreements, negotiated reduced rates to lower cost as connections increased, and established a quarterly review framework of FIX customer revenues to maintain minimums.

Vice President, Head of Equity Operations Sept 2008 – Aug 2011

Gleacher & Company, New York, NY 10104

Managed and coordinated the day-to-day institutional trade process (i.e. confirmations, settlements, and reconciliation). Resolved trade breaks and settlement fails with a less than one-half percent fail rate. Maintained processing for International, ACT, and CNS trades. Ensured adherence to AML Policy and Procedures as senior operations liaison for the trading desk and third-party clearing firm.

Select Accomplishments:

-Facilitated the transition to a new clearing firm (from J.P Morgan to Pershing) in two months without issue.

-Developed and updated departmental policies and procedures in conjunction with Compliance.

-Executed the Firm Customer Identification Program (CIP) and conducted OFAC and KYC reviews when opening new accounts.

-Established market making capabilities in collaboration with Compliance and IT.

-Facilitated an OMS conversion with an MPID change under pressing deadlines.

-Responsible for implementing the processes and systems used for international trading and ADR/ORD conversions.

-Supervised the reconciliation and P&L reporting for the Firm’s Market Making and Proprietary Accounts.

-Conducted annual market access and rights reviews for all vendors and systems.

-Handled all DVP/RVP settlements.

-Reviewed daily exception reports.

-Implemented the SSF arbitrage desk build-out.

Vice President, Head of Operations Sept 2002 - Aug 2008

American Technology Research, Inc. Greenwich, CT 06831

Built and managed the Operations Department for a start-up broker-dealer. The company was purchased by Gleacher & Company after reaching over $35 million annual revenue in six years.

Select Accomplishments:

-Managed and reconciled firm accounts free from error.

-Assisted in designing and upgrading a trading platform, resulting in greater flexibility, ease of operation, and cost savings of over $400k annually.

-Reviewed and advised on policies and procedures, ensuring compliance with rules and regulations.

-Executed the firm’s KYC program for new account openings.

-Oversaw protocols around floor brokerage billing and vender invoice processing.

-Implemented error tracking processes and procedures

Assistant Operations Manager, Listed Trading Sept 1997 – Sept 2002

Soundview Technology Group, Old Greenwich, CT 06870

Assisted in the day-to-day institutional trade process with an emphasis on listed trading. Reconciled floor breaks. Maintained firm trading accounts. Resolved buy-side customer settlement issues. Processed 111 million shares in a one day benefit for the 9/11 fund.

Floor Trader, Chicago Stock Exchange Dec 1993 – Sept 1997 Nutmeg Securities, LTD, Westport, CT 06880

Executed single name trades along with basket trades while seeking opportunities to cross large blocks.

EDUCATION: B.S. Business Administration

Bryant University, Smithfield, R.I., 1993

LICENSES AND

SKILLS: Licenses (Series 7, 24, 26, 63, and 99); Skills/System Proficiency (Alert, Oasys, Oasys Global, CTM, Fidessa, Flextrade, SSEOMS, JP Morgan Clearing Corp (MORCOM), Pershing Clearing, BAML Clearing, Bloomberg XTIVA, Castine.

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