Manager Management

PETER KATSANOS

** ****** ****, ********, ** ***69 H: 973-***-**** C: 201-***-**** *********@*********.***

EXECUTIVE SUMMARY:

Accomplished hands on Senior Manager and Department Head of Operations/Middle Office at both buy and sell side institutions with expert level knowledge in exchange traded and over the counter instruments, reconciliations, operational processes and settlements. Management of a number of large staff covering all functions of financial operations with a unique perspective of what service is expected as a customer and what can be supplied by the provider. Effectively balance people utilization and technology automation to drive process improvement, change management, and cost reduction across all back-office and middle office functions.

EMPLOYMENT:

December 2014- July 2016

CIT Group Inc, Livingston NJ

Vice President-Treasury Banking Relations Group Manager

Developed strong process and control by establishing and maintaining a centralized global banking network structure that allows for cost effective and efficient cash mobilization

Performed service reviews for selecting and maintaining strategic banking relationships

Supported the firm’s operating and reporting requirements

Executed integrated bank relationship strategies that are in alignment with Corporate Treasury’s business plan to reach a desired number of strategic partners and achieve desired service level agreement and cost

Conducts meetings with banking partners periodically to discuss service levels, technological changes, counterparty risk, fee changes, etc.

Managed and supported the needs of the business covering over 900 bank accounts in nearly 400 legal entities, across over 50 banking relationships

Identified and implemented strategies to automate and improve current cash management services and processes

Managed vendor relationships including all implementation and ongoing service delivery aspects

Coordinated with internal resources to set up swift reporting and payment capabilities with all corresponding banking partners resulting in 100% automated visibility

Worked with tax to accumulate, prepare and report all applicable FBAR requirements

December 2013- April 2014

Sumitomo Mitsui Trust Bank Limited, New York (position downsized due to internal restructure)

Vice President-Treasury Operations Department Manager

Created a departmental strategy and managed a staff of 11 in the day to day functionality of the Treasury Operations, Funds Transfer and ISDA Documentations Departments

-Products include foreign exchange (spot, forward, NDF, FX option), Money Market (Certificate of Deposit, Commercial Paper, Deposits/Loans, FX/Cross Currency Swap, Guaranteed Investment Contract, Repo), Interest Rate Derivatives (Swaps, Swaptions, Cap/Floor, FRA), Fixed Income (Agencies, Sovereign/Corporate Bonds), Exchange Traded Products (Futures, Options, ETF)

Administered department wide and branch wide system projects including scheduling and implementation

Formulated and implemented efficient procedures to reduce redundancy and limit operational risk

Performed branch wide cost analysis on vendors and service providers

Managed client relations in regards to settlement issues and concerns

October 2006- June 2013

Mizuho Alternative Investments LLC, New York

Senior Vice President- Head of Operations/Middle Office (Director of Operations)

Developed and implemented a business plan for a new entity leading to the formation of the fund management company, Mizuho Alternative Investments LLC (MAI)

Managed employees across the middle and back office functions with $5.2 billion in assets

Supported 26 plus hedge funds such as Credit, CTA, long/short Equity, Commodity, Global Macro, and Distressed Asset Strategies and subsequent managed accounts.

-Products included equities, ETF, NDF, futures, options, loans, mortgages, swaps (interest rate,

equity, credit, total return) structured products (ABS/CMBS/RMBS), CDO/CLO, money markets, and

foreign exchange

Coordinated the hiring and training of operational staff and developed efficient internal systems and procedures to ensure separation of duties to optimize growth while limiting operational risk

Primary negotiator for the fund set up agreements including offshore registration and off-shore tax charters as well as all third party contracts including clearing, custodial, prime brokerage and fund administration services including Give Up and ISDA agreements

Worked closely with internal compliance, U.S. and Japanese regulators to set up Dodd-Frank and other CFTC and FSA mandated initiatives, as well as reporting mechanisms.

Performed due diligence and ultimate selection of execution and operational system platforms, as well as ongoing enhancement and testing as fund needs evolved

Instrumental in the Fund Management Company’s credit event process including the Lehman claim and its successful debt sale

Operational Due Diligence presentations contact for all potential and existing investors.

Centralized control of all subscription and redemption documentation, cash flow and trade positions control for both domestic and foreign hedge fund clients.

MAI Business Continuity Plan Coordinator - Organized location as well as backup system planning to ensure uninterrupted flows of both internal and external trading and operational capabilities

Daily Management Duties included:

-Hedge Fund daily/monthly NAV calculation and P/L reconciliation

-Daily cash management of all the funds via trading using various money market products

which included Deposit/Loan, Repo, Commercial Paper, Yankee CD and Medium Term Notes as well

as FX spot/forward and futures as a hedging tool to limit currency risk for off shore investors

-Performed OTC Derivatives valuations and market price conformity for all funds and reconciled data

-Daily futures reconciliation of over 80 products in markets around the world

-Affirmation and allocation process for all products on pre and post settlement basis

-Funds' collateral calculation process as well as the transfer of all cash and

securities to rebalance margin levels at each prime broker

-Review all corporate actions and ensure they are properly maintained in internal accounting system

October 2005– October 2006

Bear, Stearns Securities Corp., New York

Associate Director– Derivatives Operations/Global Settlement Manager

Managed 35 employees in New York, Dublin and Tokyo on the global daily settlements, DTCC processing and account control for proprietary trading counterparts

Handled prime brokerage clients cash and fixed income daily transactions as well as daily reconciliations and investigations, corporate action and other ad hoc services. Settlements include DTC, Fed, Euroclear and JSCC products including domestic and international treasuries and bonds.

Investigate cash outages related to the fixed income securities portfolio: P&I, shortfalls, corporate actions.

Responsibilities included maintaining the proper flow in settling interest rate, credit and equity products; also instruction verification, credit approval, payment, and reconciliation

Ensured complete and timely resolution on all payment discrepancies with proper documentation and internal controls

Served as the business liaison to DTCC and ISDA User Groups; participated in working groups to develop new industry standards for settlement processing

Implemented risk management techniques to reduce net exposure of cash/margin requirements

Maintained proper accounting controls on all nostro and inter-company breaks, G/L balances, interest claims, and brokerage charges

Conducted monthly senior Management presentations on operational market initiatives as well as weekly presentations on current work status and issue resolution

March 1996- October 2005

WestLB AG, New York

Associate Director- Derivative Operations Manager

Managed 8 employees on the branch credit default, interest rate and structured product operations responsible for trade processing, payment, reconciliation, term sheet generation, and confirmation administration

Managed the daily flow of the credit default desks with the emphasis on single name, CDO, basket and total return swaps along with credit linked certificates of deposit

Involved in the daily operation of all trading of the long and short term, global proprietary, money market, portfolio and emerging market derivatives trading desk emphasizing FRA, Swaps, Swaptions, Futures, Bonds, Options, Cap/Floors, Repo’s and Asset Backed Swaps

Oversee margin calculations and requirements for all products with brokers and external parties

Supervised the processing of the money market operations emphasizing loans/deposits, medium term notes, treasury notes, non-deliverable forwards and the issuance of certificate of deposits and commercial paper

Managed the investigation, reconciliation and compensation all money market and foreign exchange discrepancies

Researched, negotiated, opened and maintained branch nostro accounts

March 1990- March 1996

Deutsche Bank AG North America, New York

Associate-Treasury Services

Responsibilities included the daily processing of foreign exchange and money market products as well as futures and options, loans and deposits, FRAs and Interest Rate Swaps

Maintained and issued commercial paper, certificates of deposits, bankers acceptances and medium term notes

Prepared daily reconciliation of cash accounts including daily monitoring of CHIPS and Federal Reserve Positions for bank daily funding purposes

September 1988- March 1990

First Chicago International, New York

Foreign Exchange Technician

Captured and verified foreign exchange deals and limits and balanced positions against front office

Executed telephone confirmations with domestic banks and corporate clients

September 1986- September 1988

Board of Education, City of New York

Adlai Stevenson High School- Bronx, New York

English Teacher

Taught various levels of English literature, writing, and speech and coached the boys basketball team

EDUCATION: Iona College, New Rochelle, New York 1986

BA- English Minors- Education and History

SKILLS: Operating Systems and Applications: ADP, Advent Geneva, Atlas, Bloomberg (including AIM and EMSX), Blackrock Aladdin, BONY inform, BARX, Calypso, Derivclear, Devon, DTCC, DB Autobahn, EGUS, Fund Studio, GlobeOp Kondor, Intex, MarkIt, Microsoft, Morcom (clearing and trading), Murex, Newedge Pulse, PeopleSoft, Pricing Direct, Portware, QuickBooks,

Reuters, Riskspan, Summit, Sungard Quantum & Panorama, Trepp

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