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Back Office Front

Location:
New York, NY
Posted:
March 07, 2021

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Resume:

RICHARD SEIDNER

973-***-**** /*********@*****.***

PROFESSIONAL PROFILE

Highly skilled front office sales & trade support professional, with the ability to face off with demanding stakeholders and manage expectations to deliver with minimal supervision under pressure, and prioritize according to risk. Self motivated, with exceptional problem solving skills in order to identify, understand and address operational and technical issues. Well versed at providing strong analysis, and problem solving skills, coupled with a comprehensive understanding of the transaction lifecycle. Able to leverage exceptional communication, multitasking, and client relationship skills, to be an effective liaison between front and back office professionals. Knowledge of Fidessa, Bloomberg, Oasys, & ICE. LICENSES & MARKET APPLICATIONS

Series 7 / Series 63 / Series 3

Fidessa, Bloomberg, Oasys, ICE

PROFESSIONAL EXPERIENCE

CANTOR FITZGERALD, NEW YORK, NY AUGUST 2005 – PRESENT Back Office Operations

• Stock / Options Trader, and Back Office Associate, responsible for executing trade orders at optimal prices, calculating daily desk P&L, and addressing compliance issues.

• Perform various pre-market activities such as prior day Fidessa reconciliation, option breaks, equity breaks, and allocate correct commission / sales credit for options.

• Resolve buy-in issues, and submit journals for improper trade hits, and create LEID numbers for new option accounts.

• Monitor daily operations to ensure deal processing is completed in a timely and controlled manner.

• Open flex options and new accounts, as well as book options trades through Fidessa on a daily basis.

• Execute new customer account and user set-up in Camo and Macro.

• Train clients on system functionality across all product offerings.

• Allocate stock trades, address soft dollar issues, and ensure required documents are obtained from, and distributed to, new accounts.

• Resolve CMTA option billing differences, and partner with Linwood to ensure firm accounts are balanced, and address various issues that arise during the trading day.

• Primary point of contact for post execution services including trade confirmation, allocation, settlement, and trade assignments.

• Mitigate operational risk throughout the trade processing life cycle via trade confirmation and client sub- account allocation, ensuring accuracy and timeliness of Real Time customer trade confirmations.

• Determine the accuracy of option trade allocations after market close.

• Investigate and address trade breaks to resolve issues regarding incorrect quantity, and/or price, from the floor.

• Create and distribute option commission reports, as well as account confirmations after daily market close.

• Allocate option trades based on daily summaries obtained from clients.

• Track and reconcile trades against vendor invoices on a monthly basis.

• Address and resolve vendor payment discrepancies. JEFFERIES & CO., NEW YORK, NY MARCH 1988- JULY 2005 Back Office Operations

• Stock / Options Trader, and Back Office Associate, responsible for executing trade orders at optimal prices, calculating daily desk P&L, and addressing compliance issues.

• Executed pre-market activities such as prior day reconciliation of option & equity breaks, and allocated correct commission / sales credit for options.

• Resolved buy-in issues.

• Submitted journals for improper trade hits.

• Set up LEID numbers for new option accounts.

• Monitored daily operations to ensure timely and controlled deal processing completion.

• Responsible for opening flex options and new accounts.

• Booked daily options trades through Fidessa.

• Established new customer accounts and users in Camo and Macro.

• Trained clients on system functionality for product offerings.

• Allocated stock trades and addressed soft dollar issues.

• Ensured required documentation was acquired from, and distributed to, new accounts.

• Resolved CMTA option billing differences.

• Ensured firm accounts were balanced, while addressing various other trading day issues.

• Provided post execution services including trade confirmation, allocation, settlement, and trade assignments.

• Performed trade confirmation and client sub-account allocation, ensuring accuracy and timeliness of customer trade confirmations.

• Confirmed the accuracy of option trade allocations after market close.

• Identified and resolved trade break issues.

• Created and distributed option commission reports and account confirmations after market close.

• Obtained daily summaries from clients to properly allocate option trades.

• Tracked and reconciled trades against vendor invoices on a monthly basis, and resolved vendor payment discrepancies.

EDUCATION

Kingsborough Community College, Brooklyn, NY



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