Executive Director, First Line Risk and Control

Peter W. Kelly

** **** ***** ● Hazlet, NJ ***** ● 917-***-****● ******@*******.***

Executive Summary

Financial Operations and Risk professional with thirty-five years of experience in the financial industry. Proven track record of effective operations and risk management with an emphasis on minimizing costs, maximizing output and effectively managing risk. Exceptional team building and communication skills.

Professional Experience

depository trust clearing corporation (DTCC) (2009 – 2022)

Executive Director, SIFMU First Line Risk and Control

Managed team responsible for the operational risk management of all existing services for the National Securities Clearing Corporation (NSCC), the Fixed Income Clearing Corporation (FICC) and the Depository Trust Company (DTC).

Responsible for the development, deployment and maintenance of the respective operational risk profiles and risk tolerance levels for NSCC, FICC and DTC.

Participated in the First Line of Defense (FLOD) to assist in establishing operational risk management framework for the entire organization.

Manage all aspects of the Incident Management process ranging from reporting, determining severity ratings, conducting post mortems and interacting with Senior Management and Regulatory Agencies to keep them informed of any issues as a result of the incident impacts.

Regular participant in all SIFMU regulatory exams and regulatory update meetings.

Lead business representative in the development and deployment of the Major Incident Management System (MIMS) and Business Incident Management System (BIMS) programs, which streamlined communication (internal/external) pertaining to operational and systems issues.

Key contributor to the establishment of the firm’s Lessons Learned program, which provided formal structure, to establish and complete issue and action plans stemming from any operational incidents.

Active participant in the development of the DTCC Business Resiliency and the SIFMU Recovery and Resolution plans, which all received regulatory approval.

Compile and provide analysis for Key Performance Indicators (KPI) and Key Risk Indicators (KRI) on a monthly basis to be published in the Quarterly Division Risk Profiles.

Provide risk analysis for the development of any new services or products in conjunction with the Product Management team, Group Chief Risk Office (GCRO) and other support teams. Findings were presented the to Management Risk Committee, Management Committee and Board of Directors, as required.

Worked with the New Product Development team in establishing New York Portfolio Clearing (NYPC), which established margining efficiencies for client cash and derivative trading accounts.

Worked with FICC Product teams to develop and market a suite of services for the Mortgage Backed Securities Division (MBSD) tailored to institutional clients.

Member of the DTCC Enterprise Stress Testing Committee

Member of the DTCC Model Risk Governance Committee

Merrill lynch securities (2007 – 2009)

Consultant, International Stock Loan Operations

Provided analysis of reconciliation, fails and settlement procedures.

Recommended and implemented changes to existing processes in order to provide cost effective and risk mitigating efficiencies.

Nomura Securities International (1995 – 2007)

Director, Fixed Income Operations

Led operational team in all facets of Fixed Income processing

Responsible for all aspects of the Whole Loan Portfolio (Residential & Commercial), including trade support, P&I processing, accrual reconciliation, delinquent processing, trust repurchases, servicer liaison and settlements.

Responsible for all Fixed Income Settlements including MBS (Agency & Private Label), U.S. Treasury & Agency securities utilizing Bank of New York’s GSCX settlement system.

Directed various systems initiatives, included improvements to the EPN module, automating tri party allocations at Bank of New York (Repoedge), Daylight Overdraft monitoring, and Loan Level Interest Accruals.

Supervised the issuance of all daily reporting, which includes pricing, straight through processing, fail and volume statistics.

Performed liaison functions with sales, trading and technology groups

Worked with reconciliation and control groups to ensure the integrity of firm accounts

Director of all Business Continuity Procedures activity for the Transaction Processing Group (Fixed Income and Equity Operations)

Extensive experience in working with both internal and external auditors.

J.P. Morgan Securities, New York, NY (1991 – 1995)

Associate, MBS Allocations

Supervised team of MBS Allocations Specialists

Responsible for overseeing all aspects of allocating pools to TBA trades

Coordinated and verified all trader positions.

Analyzed all trader collateral to identify premium securities.

Assisted in the structure of primary issuance REMIC securities.

Responsible for all volume, fail, collateral and cost initiative reporting on a monthly and quarterly basis.

Participated in high-level meetings to coordinate all operational and technology initiatives with the Sales and Trading areas.

Morgan guaranty trust company, New York, NY (1988 – 1991)

Manager, Corporate Finance Operations

Managed a team of Special Loan technicians

Analyzed and maintained the bank’s Special Loan Portfolio (Non-Performing Assets)

Responsible for all money transfer investigations and compensation claims.

Interacted on a daily basis with the banking groups, documentation specialists and credit analysts.

Reconciled all general ledger accounts in accordance with established policies and laws pertaining to the loan portfolio.

Issued quarterly reports in coordination with the Credit Committee as to the status of all loans being serviced.

Education

St. Francis College

Bachelor's Degree: Economics, (1988)

Minor: Political Science

Dean’s List 1986 – 1988

Pace University

M.B.A.: Finance, 1997

NEW YORK UNIVERSITY (School of Continuing and Professional Studies)

Certificate – Financial Risk Management

Professional Designations & Affiliations

Bond Market Association (BMA) – Chairman, Settlement Dates Task Force

Member, BMA /SIFMA Mortgage Backed Securities Operations Committee

Panel member and moderator for a number of BMA/SIFMA conference panels.

FINRA – Series 3, 7 and 63

DTCC Compliance Hero Award (2 Time Recipient)

Co-Lead DTCC Veterans Business Professional Network

Provisional Teachers License (Social Studies) – State of New Jersey

New Jersey Road Runners Club – Treasurer – 2015; President – 2016 – 2020

Middlesex county college

Adjunct Instructor

Macro Economics (3 semesters)

ARTICLES

Journal Of Securities Operations & Custody

Volume 1, Number 2 – Pages 170 -183, May, 2008

“Settlement Fails: A Buy Side and Sell Side Perspective On How To Minimize Them.”

By Peter W. Kelly, Frederick Lipinski, & Christopher Marzullo

Volume 3, Number 1 – Pages 33 – 43, May, 2010

“Mitigating Risk in a Changing Landscape.”

By Peter W. Kelly

Interests

Running, Reading, Writing & Piano

Member – New Jersey Road Runners Club, Jersey Shore Running Club, New York Road Runners Club

2006, 2013 U.S. Marine Corp Marathon; 2014 Wineglass Marathon; 2016 NYC Marathon – Finisher

Computer Skills

MS Office, Metricstream, RSA Archer, Service Now

References furnished upon request.

Contact this candidate