David York Email & Phone Number

Miami, Fl, Us

Senior Derivatives Trader

Gb

• Program lead of six workstreams and 50+ resources delivering a cloud-based front-to-back processing ecosystem within the AWM space resulting in growing the account from $1.2M to more than $6M annually• Managed derivatives ecosystem transformation project, implementing a front-to-back solution for derivatives processing from Front Office order management to Back Office accounting, compliance, and risk, significantly automating processes and reducing costs.• Led an internal reorganization undertaking, reorganizing a team of 50+ onshore and offshore resources, in an effort to better align business with workstreams driving project success resulting in more than $40M of projected revenues over the next four years.• Developed and managed the overall project budget, schedule, resources, and System Design Lifecycle (SDLC) of multi-year transformation project resulting in on-time delivery of more than 35 deliverables and $23M in revenues on the project-to-date.

Gb

• Managed a business processes assessment of the E2E value chain for a Fortune 250 company, which resulted in a reduction of manual process flows, increased effectiveness of the ETRM system, and better profitability measurement within the company.• Managed a strategy, assessment, and business processes redesign project for a Fortune 250 company saving the company more than $2M through improved process flows, increased effectiveness of the ETRM system, and elimination of duplicate systems. • Established Middle Office function by developing and streamlining process flows to provide appropriate controls and independent oversight to support client’s new trading activities resulting in increased risk transparency and risk control.

Gb

Trading and Risk Management Group• Performed qualitative and quantitative market, credit, and liquidity risk management due diligence assessment of a target acquisition for multi-billion dollar private equity firm resulting in a multi-million dollar purchase.• Led in-depth assessment of multi-billion dollar energy trading organization focusing on the improvement in governance framework, deal lifecycle, system functionality, risk measurement, control, and reporting resulting in the implementation of several key recommendations, which reduced operational risks in the firm as well as increasing the viability of portfolio risk.• Performed an in-depth assessment of current operations, defined and enhanced key model elements to guide future operations, identified gaps between current and future practices, and provided recommendations and deployment options resulting in the effective rollout and adoption of data and model control, compliance and performance management, and portfolio optimization.• Developed MtM power, gas, and oil option and swap derivative valuations in addition to model validation of illiquid wind and solar contracts for power and energy clients of more than $500 million in revenue.

• Launched and ran crude oil volatility trading strategies; analyzed market to collect edge from various banks, funds, and producers, turning into a profit of $200,000 within first two months.• Developed and executed detailed risk management plan for $3 million derivatives position by quantifying risk parameters, hedging strategies, market entries and exits, and money management practices.• Modeled option values to determine Vega, Delta, Gamma, and Theta of position resulting in the elimination of risk and a Sharpe Ratio in excess of three. • Presented daily written analysis to upper management to include items, such as rankings for top risks, scenario planning, and analysis of markets increasing transparency of the decision-making process.• Fostered client relationships with range of more than 50 diverse professionals more than doubling trade flow.

As an instructor, I was part of a team that developed two bi-weekly, six-week training programs for entry-level traders as well as intermediate-level traders. We created orders based on a predetermined simulation of a live trading environment, and acted as brokers to our class of traders. We periodically stopped class to provide feedback and help develop the thought process needed to become a successful trader. After each class, I provided individual feedback and coaching to students. Additionally, I accomplished the following:• Trained and mentored new hires on trading competencies and career development to help them achieve company goals, contributing to growth from 50 to more than 250 employees. • Taught classes on trading and risk management in a simulated, live trading environment contributing to an increase of firm revenues from $4 million to more than $150 million.

Integral part of helping IT with project planning to improve our proprietary software. 1) Helped lead brainstorming meetings to find ways to improve functionality and profitability. 2) Provided feedback on ease of implementation, training, costs, and time of the changes. 3) Initiated the change management process. 4) Helped IT in the design and testing of the new functions. 5) Provided training and Beta testing of software.• Invited to participate in firm’s Capital Pool revenue-sharing program only offered to top performers on the basis of exceptional leadership, character, growth potential, and risk-adjusted return.• Used effective decision making and risk management to generate more than $40 million in revenue within seven years; traded and oversaw energy and fixed income in disparate venues, including floor, screen, and OTC.• Orchestrated rapid information exchanges in conjunction with teammates to ensure that trades were executed quickly, accurately, and yielded the highest possible return; teams averaged 37% growth during seven-year period.• Developed trading and hedging strategies in effort to reduce risk in an effective, creative manner generating annual growth of more than $2 million per year.• Actively engaged in using and improving proprietary technology, guiding IT to create hundreds of improvements helping to produce 97% profitable weeks and more than $570 million in cumulative revenues for the firm since 2005.• Mentored 13 Junior Traders into successful trading roles of their own. • Headed overnight trading desk for two years, producing consistent 50% returns on investment.• Promoted to trader position in less than six months, which is the fastest in company history.

Master'S Degree, Finance, General

Master Of Business Administration (Mba), Business Administration And Management, General

Bachelor Of Science In Business, Finance