Financial Services Program Planning

FESTUS OSAE-ASANTE

Chicago Il. ***** 773-***-****) Email: *********@*****.***

EXECUTIVE SUMMARY

Highly engaged results-driven banking professional, collaborative leader, and innovative change agent with a strong commitment to streamlining workflows, optimizing productivity, and implementing strategies to maximize effective business processes. Exceptional strategic, process thinking abilities with an emphasis on culture transformation, problem resolution, and decision making, to optimize employee and organizational performance. Effective research, analysis, investigation, regulatory, compliance, audit, and technical experience.

Core competencies include:

Team Building, Training & Leadership Project/Program Planning & Critical Thinking

Attention to Detail Policy, Procedure & Workflow Development

Initiative &Process Improvement Employee Engagement& Communication

Data Analytics, Audits & Security Project/Program Planning & Administration

Additional Value-Add Traits: Business acumen, Empathy, Negotiator, Accountable

PROFESSIONAL EXPERIENCE

Bank Financial Services

Bank of America

Portfolio Reconciliation Analyst

Sept. 2023-Present

Responsible for Counter Party trade reconciliation for OTC Bilateral agreements

Responsible for resolving high level Margin Call disputes

Daily EMIR/HKMA reporting

•Options Volatility Validation// Expired Options Adjustments and Verification

•Responsible for disputing MTM differences and verifying Marks for accuracy.

U S Bank Financial Services

International Banking Specialist

December 2018-Dec 2022

Position management of FX and FX Options trades on various platforms such as DTCC and

Tri Optima to ensure all prior day trades have been reported correctly. End of day reconciliation of

foreign currency rates using Bloomberg and Reuters.

•US Bank’s mutual fund, ETF, and CEF business with financial intermediaries

Provided investment solutions and assistance to clients with products, which included mutual funds, fixed income securities, syndicate products, Mutual Fund and ETF Wrap programs, Unified Managed Accounts, and other financial services offerings.

•Options Volatility Validation// Expired Options Adjustments and Verification

•Generating Daily P/L Reporting and rectifying discrepancies

•Expired Options Adjustments and Verification

•Processing and updating of Paytrans to ensure that all trades have been closed and payments.

•Wires Processing (MT101, MT202, MT103, MT910 COVER)

•OFAC Verification

•Booking and reviewing FX Loan Swap trades (Rollover, Principal Modification, New loans, Interest Adjustments)

•Updating Calypso rates to Match Reuters rate to be used by other banks for trade observations and agreed upon rates.

UBS Financial Services (Contract)

Investment Administrator

December 2017 – 07/18

UBS Investment Bank provides corporate, institutional, and wealth management clients with expert advice, innovative financial solutions, outstanding execution, and comprehensive access to the world's capital markets. New York, July 12- As part of the 2018 Euromoney Awards for Excellence, UBS was recently named the "world's best bank for wealth management.

Flow Coordination

•Generate daily flows for clients from various platforms and analyze the details of each.

•Providing trade support to the trading team based upon information analyzed and generated.

•Wrote, edited, and circulated weekly summary containing news and analyses of global commodity, equity, and credit markets.

•Verifying and fixing breaks in client flows.

•Advising PM on cash availability and if it is necessary to decrease or raise cash.

Business Transitions Asset Management

•Verified closed accounts with cash balances. Communicated with the trading desk to have those cash balances transferred to avoid interest charges.

Gained a grassroots knowledge of commodities and hedging.

•Set up client account based upon various countries’ specifications.

•Asset, Cash, and Income reconciliation.

Calamos Investments. (Contract)

Marketing Associate

June 2017 – October 2017

Calamos Asset Management is a diversified global investment firm offering innovative investment strategies including U.S. growth equity, global equity, convertible, multi-asset and alternatives Assets under management: 20.1 billion.

•Researched various investment strategies for High End Income Funds, presented the findings to management to be used as a yardstick against Calamos High End Income Investment strategy.

•Generated Monthly and weekly performance reporting for the Marketing department to be used to make investment decisions.

Northern Trust Company, Chicago, IL

Senior Operational Research Analyst

August 2011 – June 2017

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•Supervised and provided continuous training to new and experienced staff, which decreased turn-over rate for the team and increased staff performance.

•Documented procedures and streamlined processes increasing Valuation reporting team’s research efficiency.

•Reviewed and updated existing documentation on client handling procedures for Limited Partnership and Alternative Assets improving turnaround time for analyzing client Net Asset Value (NAV).

•Monitored and researched daily Investment exceptions within all segments of Financial Valuation Reporting.

•Analyzed and audited fixed income, equity and alternative investments.

•Recommended solutions to various segments regarding researched exceptions, resulted in reducing the department exception by 25%

•Lead analysts through the logical steps necessary for problem resolution.

•Interfaced with multiple internal departments to correct discrepancies, verify funds, and review transaction codes; review daily exceptions reports.

Northern Trust Company, Chicago, IL

Senior Analyst, Pension Fund Accounting

Sept 2009 – Aug 2011

•Monitored Wealth client activity to ensure timely and accurate recording of all transactions.

•Conducted investment performance analysis to ensure the accuracy and timeliness of all data provided to clients.

•Provided support to Fund and Investment managers, making sure all trade, pricing and income related activities were recorded per SLA. Client onboarding expect. Asset reconciliation

•Designed and managed clients’ special request reporting on monthly basis resulting in reduction of NAV errors.

•Wrote a procedural and data analyzing documentation, easing tension between the data load team and product team.

•Audited, analyzed and resolved fixed income, equity and alternative investments issues

•Managed and resolved all Customized Reporting issues for new account setup, client question and Asset coding issues.

• Assisted the training department in training new hires.

Northern Trust Company, Chicago, IL

Senior Portfolio Accounting Analyst, Product Development

June 2007 – Sept 2009

•Worked with data load and London-CDM to set up client accounts on Fund-master Platform (AS 400), update currency tables and map assets to Institutional Investor Passport.

•Generated client reports by extracting data from various sources and the risk system.

•Established project charter; defined scope with Business SME’s input, project timeline to meet project deliverables such status reports, project plans, and gating presentations.

•Worked collaboratively with Business and Technology teams to define product requirements, plan, deliver the project, including all business, operational and information technology deliverables, end-to-end accountability for project delivery.

•Point of contact for escalation of London client’s exceptions. Dol Reporting (5500 Filing)

•Managed execution of tasks as defined in the project plan to achieve project goals.

•Conducted recurring project team and vendor meetings to solicit feedback, input, and circulate meeting minutes; monthly Steering Committee meetings to provide updates to Executive stakeholder.

•Provided time motion analysis enabling assessment and accuracy of client’s fee requirement.

•Load client accounts into data load tables using and maintaining set up macros to ensure that sufficient coverage was available within the risk system.

•Wrote procedures manuals for special reporting that were company adopted and incorporated as new training materials for client on boarding.

•Research rejected assets list and made recommendations to Asset coding and set up department improving the data-load team’s process time.

•Conducted investment performance analysis and measured the rate of return on clients’ pension assets against selected benchmarks ensuring the accuracy and timeliness of client’s data report delivery.

•Assisted analysts in preparing detailed spreadsheet reconciliation of cash, securities, income and accruals regarding on boarding of clients and account restructuring.

•Assisted the training department in training new hires.

•Assisted HR department to recruit best candidate for the department, trained some to become successful team leaders.

Auditing and Financial Reporting Software

Microsoft Office (Word, Excel, and Access); Lotus Notes, SharePoint, Passport, Wincoins.

Ctaro, AIMS, Fundmaster (AS400), Morningstar, Sitecore, Lipper, GIM II, TLM, Vortex,

Equation, Reuters, Calypso, Bloomberg, Object Charlie, Wall Street, East Nets, Tri Resolve, DTCC, Zingo,

Credit Studio,Drum,SQL for migration on a higher level, by confirming the accuracy of the data, and its location

Qualifications:

Chicago State University, Chicago, IL

Bachelor of Business Administration (B.A.), Major: Accounting, Minor: Business Administration

Contact this candidate