Operations Specialist Senior Associate

Donald Price

SUMMARY:

Donald has extensive years of experience working as an Operations Settlement Coordinator.

Experienced in investment brokerage operations specialist with a proven track record in reconciling complex settlement problems.

Restricted margin accounts that exceeded margin limits Processed margin journals.

Supervised staff responsible for settlement date plus one balancing (cash and securities).

Reconciled depositories DTC and FED.

Demonstrated ability to analyze security industry process from trade booking to settlement.

Consistently and effectively managed a variety of operation functions such as stock record, cash and account balancing, reorganization, margin and dividend distribution. Experienced in ensuring that trades match/settle on a timely basis and monitoring the matching and settlement.

Worked in conjunction with the settlements group to ensure that only confirmed trades lead to currency settlements.

Proficient in MS Office and suite.

EDUCATION:

State University of New York - Oswego, NY 1975-1979

B.A. in American History

SKILLS:

General Ledger Reconciliation

Journal Entries

Management (5 years)

Office Management

Auditing

Banking

Bloomberg

Account Reconciliation

Bank Reconciliation

DTC Settlements

CERTIFICATIONS AND LICENSES:

Series 7 Oct 2007-May 2018

COMPUTER SKILLS

Bloomberg, DTC, Davidson, BITSI and BITSI based in house Systems, Phase 3 SunGard, ADP, Wachovia Fed, BONY Fed, Huntington Bank Fed. User knowledge Word and Excel

PROFESSIONAL EXPERIENCE:

Gap: Oct 2021-Present

Looking for opportunities.

Broadridge Financial Solutions, Inc. - Remote Mar 2021-Sep 2021

Margin Consultant

Input changes on day trading margin calls

Restrict margin accounts that exceeded margin limits Processed margin journals.

Supervised staff responsible for settlement date plus one balancing (cash and securities).

Reconciled depositories DTC and FED.

Balanced all in house accounts as to inventory counts. Handled all inquiries and audit questions.

Gap: Jun 2018-Jan 2021

Due to family reason not working.

DAVID LERNER ASSOCIATES, INC - Syosset, NY Jun 2003-May 2018

Senior Associate Stock Record Control/Reorganization/Margin

Balance and control all streetside accounts (depositories, bank loans and physical box locations).

Conduct weekly counts of all in house positions.

Ensured that trades match/settle on a timely basis.

Monitor the matching and settlement.

Work in conjunction with the settlements group to ensure that only confirmed trades lead to currency settlements.

Determine and process all Bank pledges for firm collateral.

Supervised staff responsible for settlement date plus one balancing (cash and securities).

Balanced all in house accounts as to inventory counts.

Handled all inquiries and audit questions.

Act as back up in Reorganization during vacation and absence.

Process all margin functions (REG T calls and extensions, house maintenance calls, journals and margin proceed payout requests).

Street side fail settlement of all government securities through Huntington Bank.

MORGAN STANLEY & COMPANY, INC - Brooklyn, NY Jan 1998-Jan 2002

Senior Associate, Fail Control

Responsibilities included balancing broker to broker accounts, Canadian depository breaks and bank reconciliations, CNS account balancing, DTC balancing and aged fail resolution.

Led a task force that reduced $1 million in aged exposure to less than 100k in broker fails.

Resolved an over 180-day old short free fail with a market value in excess of $600,000- by proving the shares were erroneously booked into a stock dividend account.

Morgan Stanley - Brooklyn, NY Aug 1986-Mar 1998

Senior Associate

Directly responsible for all (cash and share) "plug" balancing, DTC balancing, general stock record maintenance, quarterly count break resolution and foreign depository breaks.

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