Michael Rinelli
732-***-**** § ***********@**.***
Qualifications Summary
Senior finance architect with progressive history of developing business applications for Pershing LLC. Architected and implemented Java-based know your customer (KYC) system, which allowed firm to manage customer relationships. Evaluated credit risk, operations risk, and trading risk in accordance with regulatory requirements.
Leveraged capital markets knowledge, including quantitative finance, valuation methodologies, cross asset product knowledge, risk management, regulatory, settlement, trading, and market and reference data management. Additional Strengths Include:
Quantitative Analysis Financial Architecture Development Project Management & Delivery
Financial Trading Systems Control Testing Software Development Risk Management
Statistical Analysis & Data Mining Numerical Methods Team Leadership Software Development Lifecycle
Professional Experience
Pershing LLC, Jersey City, NJ
Vice President, Manager of Rapid Application Development
(RAD) (2006-Present) 1999-Present
Direct a team of overseas developers performing conversions on risk related applications to a supported architecture for this subsidiary of The Bank of New York Mellon, the oldest continuously operating bank in The United States, and one of the world's leading providers of securities services. Manage build out of various systems from inception through launch and introduce new software to firm. Award: “Global Innovations Award.”
Highlighted Achievements:
Architected and implemented facility to collect and manage government trade allocations for treasury market practice group (TMPG) that supports efficiency of treasury, agency debt, and mortgage backed securities (MBS) markets.
oDeveloped facility in Java, which enabled business to managed receivable and deliverable fail applications and calculated processing penalty.
oAutomated process payments, checks, fed funds, and netted allocations, generating average monthly revenue of $200K from penalties.
Developed proprietary system to support non-purpose loans.
oBuilt online system using VBA to manage requirements and regulations of non-purpose loan business, a process that houses $600M in debits and generates approximately $4.5M in annual revenue.
Created fail control application database (FCAD) in VBA to collect and allocate DK transactions of all foreign currency transactions.
oBuilt automated process to communicate individual failures and calculate net charges of foreign currency on a monthly basis. Tool has revenue recovery of approximately $350K monthly.
Designed system to allocate treasury and fixed income positions that reduced bank loans for concentrated debit accounts that were in excess of $3B daily and saved firm 1%+ in bank loan interest annually.
Assistant Vice President, Team Lead Rapid Application Development (RAD) (2005-2006)
Added value as part of a team of 3 developers delivering a 12B1 revenues share money fund facility. Developed systems using Java and Oracle.
Michael Rinelli, 2
732-***-**** § ***********@**.***
PERSHING LLC – CONTINUED
Highlighted Achievements:
Conceptualized and executed first generation Java-based system that provided distributed platform for managing $100B in money fund payments credits. Managed scenarios through creation of complex algorithms for fund families, tiered schedules, office, brokers, and account variances.
Assistant Vice President, Distributed Application 1999-2005
Developed proprietary applications for margin department and supported other firm business entities, including reorganization, stock loan, governments, financial and regulatory reporting.
Highlighted Achievements:
Produced online facility to manage customer risk, including a fully automated Excel process using VBA that enabled users to approve required information in real time and eliminating need for manual Excel reports.
Developed online system to automate processing of wired funds, as well as track and regulate authority approvals of federal funds distribution.
oCreated management screens to report open items and remaining net balances, and provided automatic notification upon final approval to wire funds.
Spearheaded creation of application used to eliminate written process of special memorandum account (SMA) adjustments. Created workflow used to develop system that created audit trail with user ID and time stamp for validation.
Designed credit rebate system that managed credit rebates of repo eligible instruments and delivered subsequent reports that provided total market value of holdings to customer accounts.
Paine Webber, Weehawken, NJ
Senior Representative of Clean Management (199*-****-****
Reported on compliance of mainframe programs and supported clean management database for compliant and non-compliant programs and activities. Trained peers on database management techniques of applications.
Project Manager (1997-1999)
Managed industry-wide National Securities Clearing Corporation mandated rewrite of automated customer account transfer (ACAT) system. Reviewed requirements and developed specifications of all ACAT functions. Also developed distributed system to handle multiple intra-day file processing. Achieved successful rollout for what was largest change in ACAT system since inception in 1985.
Quantitative Recruit Transfer Supervisor (1996-1997)
Led development of custom support infrastructure to manage new recruits joining the firm. Tracked and managed process with automated tool to track incoming transfers. Oversaw professional efforts of team of 6. Completed prototype design and improved process of onboarding new representatives.
Additional Paine Webber Positions: Margin Supervisor (1993-1996); Senior Margin Clerk (1989-1993)
Academic Achievement
DeVry University – Bachelor of Science in Computer Information Systems. GPA: 3.9
Technical Skills: Microsoft Office Suite; Visual Studio.net; VBA; Visual Basic 6.0; Oracle; MS SQL Server; Java; Access