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Collateral Manager /Middle Office/Risk Management

Location:
United States
Salary:
80,000 USD
Posted:
February 27, 2020

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Resume:

DAVID J. LAW

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

Massapequa, New York 11758

516-***-****, adb04n@r.postjobfree.com

Skills:

Collateral Management

Middle Office Operations

Risk Management

Work Experience:

CIBC World Markets, New York

Collateral Manager, Global Collateral Management/Middle Office (May 2004 – Present)

Monitor and mitigate risk within CIBC for OTC Derivative product portfolios by issuing margin calls to Banks, Broker Dealers, Government Agencies, Insurance Companies and Hedge Funds.

Process and satisfy all margin calls that are issued to CIBC within tight deadlines.

Process cash and security movements of multiple currencies across varied settlement platforms for CIBC client base.

Pre-advise trade tickets for the securities settlements group for deliveries/receipts to Futures clients.

Reconcile and resolve all trade discrepancies and cash balances on any margin call disputes with clients.

Confirm collateral guidelines on any Credit Support Agreements with clients as collateral issues arise.

Report to various clients all pledged/held assets and mark to market exposures.

Prepare and distribute reporting and funding to Senior Management, Credit Risk, Sales and Trading desks notifying them of all margin calls satisfied and disputed.

Report all daily MTM breaks to the Front Office, Credit Risk and Risk Management.

Assisted in the testing phase of all new collateral systems implemented in our group.

Trained and assisted any new team members in our group and have worked closely with them so they are fully functional on all group collateral procedures.

One of four recognized in the Global Collateral Management Team as a three time CIBC Quarterly Achiever.

User of CMS/Sungard, Colline/Vermeg, Acadiasoft and Triresolve.

Promoted to Director – January 2010.

Merrill Lynch, New Jersey

Repo Margin Manager, Global Fixed Income Operations/Trade Support (April 2003 – May 2004)

Merrill Lynch, New Jersey

Collateral Manager, Global Margin and Collateral (December 2001 - April 2003)

Merrill Lynch, New Jersey

Production Manager, Global Margin and Collateral (June 2000 - December 2001)

Merrill Lynch, New Jersey

Control Analyst, Global Margin and Collateral (May 1999 - June 2000)

Merrill Lynch, New York

Supervisor, New York Distribution Services (December 1987 - May 1999)

Education:

Dowling College New York, N.Y.

Graduated August 2004

Degree: MBA in Banking and Finance

Adelphi University Garden City, N.Y.

Graduated May 1997 Cum Laude

Degree: B.S. in Management and Communications

Licenses: Series 99 – Operations Professional

Series 99 – Operations Professional



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