Manager Credit/Margin Risk

• Aug 2022 - Present

Sr. Operations Associate

• Feb 2016 - Aug 2022

Director

• Mar 1986 - Dec 2014

Director -Margin - Prime Brokerage -CIP/AML Documentation and Review

• 1986 - Dec 2014

Margin:- Update, optimize and maintain margin system to comply with current regulatory requirements and track customer exposure.-Interact very well with system vendors.-Manage and assisted in creation of 'house' credit requirements.-Performed credit risk reviews resulting in savings of over $20MM.-Averted firm exposure resulting from customer loss of equity.-Developed firm policy with FINRA to clarify customer margin strategies not clearly defined by regulations. Comfortable working with FINRA margin experts.-Perform daily sophisticated hand margin calculations for risk arbitrage and delta one trading strategies.-Implemented and maintained option escrow margin system.-Interact daily with client/traders regarding requirements for various margin strategies.New Account Onboarding and Document Control - AML/CIP/KYC Monitoring:.-Manage client on-boarding document control for all DVP/RVP, Prime Brokerage executing/custody, Retail and Correspondent Banking accounts.-Work closely with front office for outreach in required client new account documentation.-Developed and maintain CIP risk assessment policies and procedures..-Review bi-monthly and special FINCEN requests.-Monitor client activity for suspicious activities.-Review all incoming client documentation including those for corporations, partnerships, estates, individuals and trusts.-Risk rated institutional clients for compliance vetting.-Interaction with Compliance when any 'red' flag is triggered in a daily CIP review (i.e. activity in an inactive account/current news that would affect a client's risk rating/new regulations that would prompt a change in CIP procedure, etc.)Prime Brokerage:-Manage transmittal and receipt of Form 1 to Schedule A and Form 150 for both custody and executing prime brokerage accounts.Corporate Action Processing - dividend,reorganization -both voluntary/mandatory processing.Interact daily with both front/back office and compliance/legal to resolve issues.. Show less

Control Analyst

• Mar 1984 - Mar 1986

Handled complex margin and option accounts. Handled complex margin and option accounts.

Options Supervisor

• 1983 - 1984