David Bevan Email & Phone Number

New York, NY, US

• Product control ownership of EMEA Interest Rate Exotics and Options desks, including all aspects of daily reporting and month end reporting.
• Lead for Product Control Standards reporting across Global Rates.
• Product Control lead for various project initiatives; Libor reform of FVA discount curves used for Note activity, Off-Market enhancement, new SPV desk implementation, migration of Options desk to EU based entity.

New York, NY, US

• Responsible for a team of controllers covering Prime Brokerage and Stock Borrow loan activity with oversight of daily and monthly reporting.
• Ownership and remediation of processes around Capital Deductions reporting on exposures to financial institutions for Global Equities. This included weekly presentation to a senior audience and restatement of 8.

New York, NY, US

• Product Control Manager with responsibility for a team of 15, covering Bonds / Repo / IR derivatives + Forward FX within Emerging Markets.

New York, NY, US

• Product Control Manager responsible for two non-linear desks based in EMEA
• Built strong relations with Front Office Global Heads
• Clean audit received during 2015 for Global FX Exotics business
• Managed migration of Global FX Option business onto new strategic P&L aggregator (Athena Trader Desktop)
• Successful initiative to re-align cost centres in the sub-ledger that were being used by other lines of business

New York, NY, US

• Product Control Manager responsible for P&L, Risk, Balance Sheet and Regulatory Reporting for both the Global FX Option and EMEA FX businesses
• Managed the relationship with senior Front Office Global Head based in EMEA
• Hired a number of individuals into the team at up to senior associate level
• Significantly improved Structured Notes and Tax Attribution process for Global FX Option business
• Finance lead in new product approval process for FX business in EMEA, including the introduction of new dual currency security.

New York, NY, US

• Set up new EMEA Rates Derivative Product Control team. New desks included EMEA Options, Inflation, FX Forwards and 5 Swap market making deskso Made several high quality hires at senior associate level.o Migrated P&L.
• Rates coordinator for North America and EMEA on meeting Finance reporting requirements for impending Volcker rules
• Set up new Global desk (DCU desk) to manage the CSA discounting risk on derivative contracts across the Investment Bank. This desk takes and manages a slice of risk and P&L from derivative trades across all line of.

New York, NY, US

• Responsible for financial control of legacy Merrill Lynch Structured Notes issuance business as well as other Luxembourg based funding entities.
• Managed FX hedging process in EMEA, including average rate hedging of the firm’s compensation payments
• Finance lead on a project to deliver straight through processing of cashflows for Structured Notes business.
• Led project to migrate legacy BoA issuance vehicle onto Merrills infrastructure.
• Enhanced the monthly FX hedging process to enable levelling trades to be transacted with the street at T+2 rather than T+10, minimising FX P&L volatility.
• Respected advisor to the business on a range of finance issues, particularly around FX Spot levelling, average rate VICP hedging, Structured Notes accounting. Member of NPR committee for new Notes issuances.