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Back Office Assistant

Chicago, IL
September 29, 2020

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Edmund J. Fahey

Mobile: 847-***-**** Email: LinkedIn:

Performance Summary

Exchange Fee Procedures & Problem Resolution – Administered data-driven investigation and leveraged SQL in bookkeeping system to identify miscalculated payments of NFA fees. Corrected calculations and determined accurate client charges and amount owed for regulatory fee. Management recovered $750K of the $1.2M total overpayment to NFA.

Proprietary Trading & Exchange Connectivity – Managed Propriety trading member firm of 60+ Floor and Electronic traders across CME, CBOT, and EUREX. With one report, processed all transactions, including Treasury Management across and through to General Ledger and Audits. Coded and successfully directed all connectivity to multiple exchange platforms along with server cage at Equinox facility in Chicago.

Procedure Development & Fee Reconciliations – Architected process and procedures for correct coding and reconciling of all products of both IRS and CDS, including LCH, CME, and ICE Clear. Completed OTC and CCP reconciliation initiative, correcting client charging on trade date rather than constant adjustments being passed.

Introducing Broker Management & Software Solutions – Developed Introducing Broker payout calculations from non-existent state to daily accruals for end of month cost. Programmed GMI System (FIS/SunGard) and administered simple spreadsheet reconciliations. Process established 2-hour/month event and offshore team was trained to execute.

Project Management (PM)

Exchange Traded Derivatives (ETD) Operations

People Management

Quality Assurance (QA)

Risk Management & Assessment

Fee Reconciliation

Treasury Management (TM)

Compliance Management – Derivatives

P&L Budget Management

Agile/Waterfall Methodology

SQL Queries via MySQL

FIS/GMI Software Coding


Bachelor of Science, Economics, Northeastern Illinois University, Chicago, IL

Bachelor of Arts, Political Science, Northeastern Illinois University, Chicago, IL

Professional Experience

Wells Fargo Securities, Charlotte, NC

Contract Consultant, January 2020 – Present

Lead cross-functional collaboration by working with key stakeholders to improve project management and business analysis to re-write bank’s procedure documents into step-by-step instructions for upload to new platform

Manage the quality and generation of weekly project status reporting on the completion of all FX operations procedures across the bank

Oversee project deliverables and advise on FCM operations as a Subject Matter Expert

Produce Project tracking analysis dashboard reports for managers to ensure continuous improvement and implement SDLC best practices

Fifth Third Bank, Rosemont, IL

Contract Consultant, October 2018 – May 2019

Converted MB Financials Tier 1 Treasury Management Clients from legacy platform to new 5th 3rd Direct

Managed reporting of Rosemont Team statistics to 5th 3rd internal staff for project

Introduced Project Management tracking analysis from data provided by contractor

Trained Rosemont team in basic MS Office and Video conferencing usage for client experience

Bank of America Merrill Lynch, Chicago, IL

Assistant Vice President – Derivatives, May 2014 – March 2018

Partnered with stakeholders to develop business and systems requirements that redesigned reconciliation process for exchange traded derivatives fees for clients and house-based trading business on all US- and EU-based Exchanges

Oversaw end-to-end processing of OTC to CCP fee structures on derivative markets on CME, LCH, and ICE CLEAR CREDIT exchanges through GMI (SunGard/FIS) processing. Dats pills using SQL

Established procedures and controls, and trained offshore teams for Exchange Fee Reconciliations per CFTC requirements

Re-created policies and procedures for Management of Pit Brokerage billing, introducing broker calculations and payment processing through banking systems along with books and records in GMI through General Ledger

Architected and managed projects through the SQL queries, manage budgets, resource plans, change management that initiated program to reconcile and payout IB relationships

Managed BPS and ATOM Exchange Systems used to pay Pit Brokerage Billing on floor-executed trades

UBS Securities LLC, Chicago, IL

Consultant – Exchange Fee and Membership Analyst, March 2009 – May 2014

Identified issues from procedural controls resulting from high-turnover rate of employees due to series of mergers and acquisitions

Implemented and tested new procedures resulting from use of allocation system along with GMI (SunGard/FIS)

Developed and executed new procedures and calculation of fee payments for good faith billing through National Futures Association (NFA), returning $750k in overpayments for two-year period

Established and implemented new procedures relating to both client and house exchange memberships

Built reconciliations for US-based exchanges for Actual vs Accrual (AVA) analysis using SQL data pills

Built Broker Accounting and Compliance Management from the ground up by designing system and calculations to define broker compensation that was coded, accrued, and reconciled saving $750k

Installed and trained on new Introducing Brokers policies and procedures, saving $45k/month from incorrect overpayments from reversed FX Conversions and incorrect interest calculations

Achieved return of $400k in excess Exchange Fees paid to CBOT, CME, and NYMEX Exchanges as well as additional savings of $50k/month by adding new procedures with Exchange Fee System

Resolved issue of $75k/month in unrealized income from Give out (Execution) Fees not being accrued or passed through to clients’ accounts

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