Management Manager

PAUL PEARCE, CFA

phone : 302-***-****

email: ********@*****.***

SUMMARY

Senior Portfolio Manager

Senior Global Markets executive with 10 plus years of experience in the Treasury function of a top tier global bank. Extensive knowledge of portfolio management, asset liability management, trading, treasury accounting and analytics; managing significant P&L and risk positions. Desk Head, responsible for all aspects involving Rates trading, product valuation, hedging strategy, risk management and financial modeling; active engagement in implementation of Volcker Rule, Dodd-Frank and Basel III requirements. Detailed understanding of trading, execution and valuation of all fixed income products including complex derivative structures, options and mortgages. Created and developed an extensive range of analytical models used daily across multiple departments and entities.

EXPERIENCE

HSBC Bank USA, N.A. New York

Senior Vice President, Treasury January 2012- Present

Head of Money Desk/Short Term Portfolio

• Responsible for all risk out to 3 years, cash management, term and intraday liquidity, funding and collateral optimization.

•Manage three direct reports; Senior Portfolio Trader, Repo Trader and Money Market Trader, functionally manage the analytics and liquidity management team.

• Transformed the Money Desk function, expanding the product base and risk appetite, increasing economic contribution from $20M to $50M in one year.

• Manage daily liquidity position of $200Bn balance sheet and overnight position at Federal Reserve, including coordination of USD funding for HSBC Group affiliates by issuing CP, CD and Term Debt

• Key Desk contact for OCC and Federal Reserve, Portfolio Risk and Model Review, Risk Weighted Asset analysis, Transfer Pricing Methodology and Quantitative Model Review

• Desk expert for Volcker Rule, Dodd Frank Act and regulatory issues

• Member, Tactical Asset/Liability Committee and HSBC (Delaware) ALCO.

Vice President, Treasury January 2006 - January 2012

Short Term Portfolio Manager, Money Desk

• Manage the Short Term Interest Rate (STIR) risk position of HSBC’s $70Bn investment portfolio using derivatives including Libor and OIS swaps, basis swaps, Eurodollar futures and various option strategies, generating consistently positive and above benchmark returns.

• Coordinated dollar cash deployment strategies including foreign currency, SSA and Structured Repo.

• Modeled and priced derivative structures and oversaw internal funding of business units and global markets desks.

• Analyzed daily portfolio PVBP and VaR, monitoring expected position change based on yield curve and spread movements.

• Developed and executed derivative hedging strategies within FAS133/IAS39 requirements in conjunction with accounting policy and central hedging unit.

• Reviewed investment returns in the context of multiple Basel capital requirements.

• Provided coverage, portfolio management and analytics for senior management for our Treasury function in Bermuda, Geneva and Argentina.

HSBC Overseas Investment Corporation, Wilmington, DE

Assistant Vice President/Portfolio Manager October 2002 - January 2006

• Managed daily liquidity requirements for $10B fixed income portfolio and $20B credit card assets using Repo, Eurodollar deposits, and short term money market instruments.

• Formulated and executed portfolio strategies using MBS, CMBS, ABS, Agencies, Munis, Interest rate swaps and Foreign Currency Exchange.

• Produced Portfolio risk analytics for HSBC USA, Inc. including calculations of Effective Duration, Convexity, Key Rate Durations and PVBP.

Assistant Vice President/Treasury Analyst August 2001 - October 2002

• Performed portfolio yield and sensitivity analysis

• Production of Daily Treasury P&L report for Delaware entities

• Supported Treasury in financial analysis

Matcon Ltd

Divisional Controller January 1998 - August 2001

•Member of the management team and responsible for all financial aspects of a wholly owned US subsidiary including two staff reports, running health care, pension policy and coordinating annual audits

Finance Analyst, Bristol, UK September 1996 - January 1998

• Prepared regulatory reports, annual budget, and monthly variance analysis for revenue and expenses

EDUCATION AND CERTIFICATIONS

CFA Institute Dec 2005 – June 2007

Chartered Financial Analyst (CFA) charter holder

Chartered Institute of Management Accountants, UK June 1996 -June 1998

Association of Chartered Management Accountant (ACMA)

Southampton University, UK September 1992 - June1995

Bachelor with Honors Degree in Accountancy

SKILLS

Microsoft Excel (incl macros), MS Office Suite, Bloomberg

Risk Systems: PolyPaths

Trading Platforms: Summit, Tradeweb, Reuters, Murex, X-Trader, Market Access, BTEC

INTERESTS AND ACTIVITIES

Mountain Biking, Road Biking, Physics, Math

Finisher, New York City Triathlon 2009, NY MS Bike Tour 2011-2015

Member, New York Society of Security Analysts

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