Middle/Back Office - Risk Reporting

Richard J. Demm

*** ********** ****

Katonah, New York 10536

Career Profile

• Credit Risk Reporting Analyst with twenty one years of experience in the financial fields of commodities, margin, operations, credit risk reporting and foreign exchange settlements, possessing the ability to multi-task and adjust priorities in a fast paced environment.

• Dedicated professional with consistent record of success, demonstrating a proficiency in problem solving, decision making, and communication skills recognized globally by Operations, Sales, Treasury, Credit and Senior Management.

• Ability to build strong internal and external client relationships to effectively implement system enhancements, resulting in the improved efficiency of daily risk reporting and operation processes while providing increased credit control.

Professional Work Experience

1987 – 2008

Lehman Brothers Inc. (acquired by Barclays Capital in October 2008)

New York, New York 10019

Vice President – Credit Risk Management

1997 – 2008

• Managed global counterparty settlement risk related to foreign exchange.

• Responsible for investigating and resolving all credit limit excesses including the reporting of daily and weekly excesses.

• Responsible for releasing currency payments in excess of $20 billion on a daily basis.

• Reduced the number of settlement fails and related interest expense.

• Developed foreign exchange settlement exposure reports and process to identify potential credit concerns, providing ample time to mitigate unwarranted risk.

• Ensured the timely resolution of all counterparty settlement fails.

• Liaison providing timely and critical client and trade information to Credit and Sales.

• Supported Sales by opening approximately 300 new foreign exchange counterparty relationships each month, ensuring accuracy and proper documentation.

• Maintained credit limits and CLS functionality in EBS and Reuters front end electronic trading systems, conducting ongoing analysis to ensure maximum liquidity for Sales.

Richard J. Demm Page 2

Vice President – Commodity Trading Administration

1992 – 1997

• Managed global counterparty risk related to foreign exchange, metals and energy.

• Responsible for investigating and resolving all credit limit excesses including the reporting of daily and weekly excesses.

• Liaison for Sales and Credit facilitating new client relationship approval, documentation and set-up process.

• Responsible for daily margin and reconciliation of the inter-bank foreign exchange business, and control of the related collateral management process.

• Reviewed, tested and approved the implementation of the foreign exchange payment approval system.

Supervisor – Commodity/Futures Margin

1989 – 1992

• Supervised and trained eight staff members of the Commodity Margin Department.

• Resolved all outstanding commodity issues and client margin disputes.

Clerk – Commodity/Futures Margin

1987 – 1989

• Performed daily commodity margin and reconciliation process for the firm’s largest retail branch.

• Calculated and issued margin calls, and processed related collateral transfers.

Education

Iona College, New Rochelle, New York

Bachelor of Science - Finance Major - 1985

Computer Skills / Systems

Excel, Word, MS Access, Rolfe & Nolan, EBS, Reuters 3000 Matching, FXall, Currenex, CLS, Business Objects, ISDA, SWIFT, Patriot Act, AML, KYC.

References

Available upon request.

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